WORLD

China's central bank raised rediscount rates for banks for the first time in two years and also raised the one-year relending rate, in yet another indication that bank is serious about tightening policy.

A sum up of top events that shaped United States in past decade (2000-2010). Part 2 covers 2004 to 2008 on weapons of mass destruction, Iraq, Bush second term, Hurricane Katrina, Housing bubble burst, and Barack Obama as the first Black president.

A sum up of top events that shaped US in past decade (2000-2010). Part 3 covers 2009 & 2010 on Michael Jackson’s death, US economy and jobs, Obama closing Guantanamo Bay detention, troops in Afghan, Tea Party, Sarah Palin and Nobel Peace Prize.

Top U.S. officials raised broad and specific concerns about Russia's legal environment after the conviction on Monday of one-time oil magnate Mikhail Khodorkovsky and his associate Platon Lebedev.

Russia is poised to reclaim control of computing by ditching free software but faces obstacles in implementation, says software freedom stalwart Richard Mattew Stallman.

In a reflection of shifting loyalties, India, who had long termed Iran a 'natural partner,' now joined hands with the U.S. on sanctions against the former over its nuclear ambitions.

9/11, George W Bush, Afghanistan, Iraq, Hurricane Katrina, Recession, Facebook, Unemployment, Barak Obama and You Tube - this almost sums up the whole of the first decade this millennium for the United States. We have put together a series of events that changed your and in fact our lives. Take a short walk... Deep down the memory lane...Try to remember where you were when hell broke loose, joy came knocking on your doorstep. Where were you when politicians lied, slapped taxes, or kept their pro...

Liberal Democrat leader takes up the role of 'advocate for access to higher education'

The federal government is awarding $182.4 million to seven transit projects already under way in Dallas, New York City, Northern Virginia, Salt Lake City and Seattle.

Political and religious leaders dominate the list of men who are most admired in the U.S., according to a random phone survey of more than 1,000 U.S. residents.

Alcatel-Lucent (NYSE: ALU) shares are up this morning after the company agreed to pay more than $137 million to settle bribery charges brought by the SEC and the Justice Department.

Euro zone reforms designed to penalize spendthrift peripheral nations are still not adequate to alleviate the currency bloc’s problems, said European Central Bank (ECB) governing council member Yves Mersch.

The government of Vietnam said it will provide interest-free loans to state-owned shipbuilding company Vietnam Shipbuilding Industry Group (Vinashin) to pay wages, after the company was unable to make the first repayment on a $600-million loan to Credit Suisse.

In a blow to Microsoft, Russia has taken another step towards transition into complete usage of free software. Prime Minister Vladimir Putin on Monday signed an order for the transition of federal bodies and agencies to use free software.

Industrial production in Japan rose for the first time in six months, indicating that a strong demand in Asia could help the economy recover next year.

New data from Pew Internet Research shows 26 percent of Americans used their cell phones to get political during the mid-term elections.

The rare earth controversy heats up yet again after China cut its rare earth export quotas by 11 percent for 2011, according to a statement by the Ministry of Commerce.

Joe Miller, the Republican nominee for Alaska's U.S. Senate seat, says he will not oppose state certification for the November election because he wants his state to be represented in Washington. Nonetheless, he is keeping a federal suit alive.

Homeland Security Secretary Janet Napolitano believes her department's more thorough pat downs at airports provide more safety for travelers and that she has no plans to change the policy.

The Department of Health and Human Services is handing out end of the year bonuses. Unlike the big cash awards that investment firms give their best performers at year’s end, these bonuses are meant to help the poor and disadvantaged.

David Rosenberg, chief economist at Gluskin Sheff, said that investors are not being realistic about the likelihood of a major price declines for housing next year.

iWorks advertises itself as an Internet marketing firm. The Federal Trade Commission calls it an Internet scamming operation and is taking the company, and its 51 shell companies, to court to shut it down.

China’s decision over the weekend to raise interest rates could turn out to be positive development for Japan, according to a Tokyo-based economist.

By keeping interest rates at all-time low levels, the U.S. faces the potential for a second major financial crisis, cautioned David Einhorn, the hedge fund manager.

The principal transport union in Bolivia, The Drivers' Confederation, has called for an indefinite strike to protest against the government’s decision to sharply raise the price of fuel.

In October 2003, Russian security agents' seized the country's richest man at gun point on the tarmac of a Siberian airport. ''Weapons on the floor or we'll shoot!'' the agents shouted. Then the man was dragged away to spend years in solitary confinement at a Soviet-era labor camp in the Chita region of eastern Siberia. His assets were seized by the state; his opulence was wiped out and his family left almost fractured.

Former oil tycoon Mikhail Khodorkovsky and his business partner Platon Lebedev were declared guilty of fraud by the Moscow's Khamovniki court on Monday. Both men were accused of embezzling 218 tons of oil via their oil company Yukos and laundering over $97.5 million (3 billion rubles) in revenues.

China's central bank raised one-year lending and deposit interest rates for the second time in 2010 on Saturday, leading Chinese stocks to rise sharply on Monday before falling.

Bank of Japan's board is concerned about the U.S. Federal Reserve's quantitative easing, as Japan continues to bank on the global economic recovery for its own economic growth, minutes from the policy meeting showed.