A shift in the global military balance is one of the inalienable fallouts of the economic winter experienced by the Western world. While military spending in the U.S., the reigning super power, is increasingly coming under a scanner, the extended defense holiday in Europe signals that the continent’s global influence is on irreversible decline.
China pledged to guarantee growth in the face of an extremely grim outlook for the global economy in 2012, rounding off its annual policy-setting conference on Wednesday with a series of commitments to deliver economic stability.
The looming new year may well bring as much financial turbulence as tumultuous 2011 but global investors reckon panic is no longer an option and just protecting your money will require taking on at least some risk.
South Korean women, who were forced into sexual slavery during the World War II, held their 1,000 weekly protest outside the Japanese embassy in Seoul.
India's wholesale prices rose more than expected in November, leaving inflation stubbornly high and suggesting the RBI would hold rates steady at its review on Friday even as worries grow over the health of the economy.
China pledged to guarantee growth in the face of an extremely grim outlook for the global economy in 2012, as its annual policy-setting conference closed on Wednesday with a series of commitments to deliver economic stability.
Demand for luxury menswear has exceeded that in the Womenswear sector possibly triggered by increased sales in the male-dominated market in China, according to an analysis.
China will maintain prudent monetary and proactive fiscal policies in 2012, the official Xinhua news agency said as the country's top economic policy-setting conference closed its annual meeting on Wednesday.
Online gaming firm Nexon Co, an Asian rival to U.S.-based Zynga, slipped lower on its first morning of trading on Wednesday, following its $1.2 billion IPO, Japan's biggest this year.
Online gaming firm Nexon Co, a fast-growing Asian rival to U.S.-based Zynga, opened up slightly at 1,307 yen on its Tokyo trading debut on Wednesday, following its $1.2 billion IPO, Japan's biggest this year.
China will consider turning to the Seychelles as a resupply port for navy ships taking part in anti-piracy operations off Africa, official media said, rejecting suggestions this would amount to a military base that could unsettle the region.
The world No. 2 mobile telecom equipment maker Nokia Siemens Networks will start to gradually ramp down its business in Iran, pressured by tightening international sanctions.
Activist investor Daniel Loeb, who already owns 5.2 percent of Yahoo, sent another letter to the company. This time, he demanded to see a list of prospective bidders.
The latest in a string of deadly crashes involving children, a school bus taking primary students home slipped off a country road into an irrigation ditch in eastern China, killing 15 children and wounding eight others, officials said.
Iran denied a U.S. request to return a surveillance drone captured by Iranian forces while on a CIA spying mission, saying the country should first apologize for violating Islamic Republic airspace.
Canada is the first nation to exit the Kyoto treaty, which was adopted in 1997 as a coordinated international effort to battle global warming.
The Chinese government has allowed the iPhone 4S to be sold in mainland China and could be in stores by mid-December in time to bring in big bucks for the Christmas holiday.
ConocoPhillip's Bohai Bay oil spill may be over, but like its British counterpart in the Gulf of Mexico, the U.S. super major's Chinese subsidiary has not seen the end of litigation in the wake of its Chinese spill.
Canada on Monday became the first country to announce it would withdraw from the Kyoto protocol on climate change, dealing a symbolic blow to the already troubled global treaty.
A new Web site, You Have Downloaded, tracks what users have downloaded from file-sharing sites based on IP addresses. The site intends to scare and worry users who download music, movies, TV shows and applications frequently without precautions.
Two pandas named Tian Tian and Yang Guang, which have been loaned to the Edinburgh Zoo in Scotland by China's Bifengxia panda breeding centre in Ya'an recently, were shown to the press Monday.
Freeport McMoRan Copper & Gold Inc and its Indonesian workers' union expect to sign a pay deal on Tuesday to end a three-month strike that has crippled production at the world's second-biggest copper mine, two sources told Reuters.
