IBTimes Logo

Special Report: Chinese firm helps Iran spy on citizens

A Chinese telecommunications equipment company has sold Iran's largest telecom firm a powerful surveillance system capable of monitoring landline, mobile and internet communications, interviews and contract documents show.
The ship formerly known as the Exxon Valdez

Exxon Valdez, Marking Anniversary of Famous Spill, Slated to Be Scrapped

Nearly 23 years to a day after an overworked mariner crashed it into a reef, causing it to spill hundreds of thousands of barrels of oil into the pristine Alaskan sea, the bulker formerly known as the 'Exxon Valdez' is being retired and sold for scrap. In an ironic twist, the ship at the center of one of the most infamous environmental disasters ever will be recycled in a process called one of the greenest by an executive in the vessel demolition world.
The Chicago PMI continues to signal economic recovery for the region, although some business have become worried about rising energy costs

China To Raise Fuel Prices Amid Easing Inflation

China will raise its heavily regulated retail gasoline and diesel prices Tuesday by 6.4 percent and 7 percent, respectively, marking the biggest increase in 33 months, according to the National Development and Reform Commission.