|
Japan's crisis at the Fukushima Daiichi nuclear power plant, whose severity rating was raised from level 5 to 7 on the International Nuclear Event Scale on Tuesday, will arguably last a long time and have a far-reaching impact.
The latest interest rate hike announced by the People's Bank of China highlighted the government's grave concern over soaring prices and its determination to contain the real estate bubble.
The loose monetary policy in the United States, much of Europe, and Japan may temporarily sustain demand and reduce unemployment. But deferring fiscal adjustment and interest rate hikes too long could lead to overheating in emerging markets.
Japan's unwillingness to extend the Kyoto Protocol is putting the global climate change architecture at risk and undermining the ongoing United Nations climate talks in Cancun.
China will be "prudent", and tighten its "moderately loose" monetary policy, a recent conference of the Political Bureau of the Communist Party of China (CPC) Central Committee indicates.
As China opens its doors to more foreign manufacturers, domestic automakers with little to show by way of technology advantage will likely be overpowered by powerful competitors from abroad.
UN Security Council members signal tough stance even after Teheran's nuclear fuel swap deal with Turkey and Brazil
Since iPad2 went on sale in China on May 6, hundreds of iPad fans and scalpers queued up overnight at almost every Apple store. The craze even led to a violent incident in Sanlitun, Beijing. Do you think iPad2 is worth the hassle?
Beijing - Dressed in a crisp suit, Li Zhirui, sitting on the window seat of a Beijing bus, silently gazes at the European-style villas, luxury cars and illuminated shopping malls as they pass him by.