Oct 9th, 2012
BEIJING (Reuters) – China rejected on Tuesday as “groundless” U.S. accusations that two top Chinese telecoms equipment makers posed a security risk.
The U.S. House of Representatives’ Intelligence Committee urged American companies on Monday to stop doing business with Huawei Technologies Co Ltd and ZTE Corp., warning that China could use equipment made by the companies to spy on certain...
Sep 18th, 2012
BEIJING/TOKYO (Reuters) – Anti-Japan protests reignited across China on Tuesday, the sensitive anniversary marking Tokyo’s occupation of its giant neighbor, escalating a maritime dispute which has forced major Japanese brandname firms to suspend business there.
Relations between Asia’s two biggest economies have faltered badly, with emotions running high on the streets and also out at sea where...
Jun 29th, 2012
Flooding caused by torrential rains killed at least 50 in China, 42 others are missing, reported the New China News Agency on Friday.
The north and south of the Celestial Empire know floods since June 20. The previous record of 16 victims reported.
Following several weeks of torrential rains, more than 34,000 houses were destroyed and 89,000 others damaged. The economic damage is estimated at more than $ 1.6...
May 11th, 2012
(Reuters) – On Friday European shares retreated still mid-session , the CAC 40 falling by 0.89% to 3102.23 points.
In Frankfurt the Dax gave 0.49% and London, the FTSE lost 0.58% while the Eurostoxx 50 index fell back pan of 0.69%.
U.S. markets are in turn expected to be down at the opening, amid concerns about the banking sector in Europe and the United States and on the future of Greece.
JPMorgan Chase, the...
Apr 24th, 2012
Beijing, China – Automakers General Motors and Volkswagen both announced yesterday, major investments in China.
General Motors Co. will open 600 Chinese dealerships this year, and will double its production, despite a slowdown in sales. Volkswagen, meanwhile, has signed an agreement worth 224 million.
The chairman of the board of GM, Dan Akerson, said the U.S. giant will have about 3,500 dealerships in China...
Apr 24th, 2012
U.S. authorities accuse the group of Chinese Hubei Sanjiang having provided North Korea spears frames for mobile missiles, violating UN sanctions against Pyongyang, said the spokesman for the White House, Jay Carney , quoted by the Western media.
North Korea has set April 15, during the military parade to mark the 100th anniversary of Kim Il-sung, a new missile carried on a vehicle-type TEL.
North Korea declared...
Apr 10th, 2012
BERLIN (Reuters) – Audi, the premium brand of Volkswagen sold 143,500 vehicles in March, a record, or 14.1% from a year earlier, thanks to solid demand from the U.S. and China.
Over the quarter, the manufacturer sold 346,100 vehicles, representing an increase of 10.8%.
“We entered the year 2012 very successfully and also expect continuing growth in coming months,” Audi sales chief Peter...
Apr 7th, 2012
BEIJING, China – The Chinese are concerned about the influence of consumerism on the young, after the case of a student 17 years old, who sold his kidney to buy an iPhone and iPad media tablet, according to official news agency New China.
Five people were charged with intentional injury in Chenzhou for organizing the kidney transplant the young man, identified only by the name of Wang, Xinhua news agency...