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Rolls-Royce A380 Engine Had 'Manufacturing Fault'

Air safety investigators in Australia now say they have identified a serious manufacturing default with some of the engines fitted to the Airbus A380's. A misaligned component in the Rolls-Royce Trent 900 engine used on a Qantas A380 which exploded last month managed to thin the ...

Volvo to Recall 18,848 Vehicles in China

Volvo and Changan Ford Mazda Automobile Co said they would recall 18,848 vehicles in China beginning Monday to repair problems that might pose safety problems. The recall will cover Volvo XC60, C30 2.0, S40 and S80L models in China due to airbag, software, and cooling system ...

Google Makes Big Bid to Buy Groupon: Reports

Google has offered as much as 6 billion U.S. dollars to acquire Groupon, the Chicago-based social buying site, U.S. media reported on Tuesday. A deal, in the range of 5 billion to 6 billion dollars, could be struck as soon as this week, The New York Times said in a report, citing ...

EU Launches Antitrust Probe against Google

The European Commission said on Tuesday it had launched an antitrust probe into allegations that Google had abused a dominant position in online search market. The investigation would be centered on whether Google lowered the ranking of unpaid search results of competing services...

China Construction Bank Opens Sydney Branch

China Construction Bank Corporation (CCB) formally opened its Sydney Branch on Tuesday, the first of its branch in Oceania, with Australian former Prime Minister Bob Hawke, Chinese Ambassador to Australia Chen Yuming and around 400 local dignitaries attending. Zhang Furong, CCB ...

China's PCM Buys GM Steering Business

China's Pacific Century Motor Systems Co., Ltd. (PCM) on Monday concluded the 420 million dollar acquisition of Nexteer Automotive, the steering business unit of General Motors (GM). At Nexteer's headquarters in Saginaw, Michigan, PCM and GM inked the agreement, in which PCM will ...

Nokia Siemens Wins EU Approval to Buy Motorola's Mobile Network

Nokia Siemens Networks on Wednesday won approval from the European Union (EU) to buy the U.S. -based Motorola Network Business. After examining the operation, the European Commission, the EU's antitrust watchdog, said in a statement that the transaction would not significantly ...

Global Trade Center Project Kicks off in Cali.

U.S. and Chinese investors announced in Los Angeles Tuesday that 200 million U.S. dollars would be invested in a unique trade service provider that will help Chinese manufacturers sell their products directly in the United States. The Global Trade Center (GTC), invested and ...

Wal Mart Folds Up Operation in Russia

The largest world retailer, U.S.- based Wal Mart, folded up its operations in Russia after 10 years in the country's market, Moscow's RBC Daily reported on Monday. The Wal Mart closed its Moscow office and retired all its 40 local employees, though as recently as in 2009 the ...

Gulf Keystone gets Iraq Kurdistan government OK for PSC changes

The UK's Gulf Keystone said Monday Iraq's Kurdistan Regional Government and all other parties had approved and executed amendments to respective production sharing contracts giving it a 100% stake in Gulf Keystone Petroleum International effective August 1, 2010. GKPI was ...

Ford to Build New Plant in E. China Next Year

Ford Motor said Monday it will begin construction on a new plant in Nanchang City, capital of east China's Jiangxi Province, next year. The plant will begin operations in 2013, Ford Asia-Pacific and Africa President Joe Hinrichs said at a meeting with Jiangxi Governor Wu Xinxiong...

Japanese Electronics Giant Yamada Denki Opens First Store in China

Yamada Denki, Japan's largest consumer electronics retailer, Friday opened an outlet in Shenyang, capital of northeast China's Liaoning Province. It is the first store ever built in China by the Japanese consumer electronics retailing giant. The seven-floor store has a total ...

Danish IT Company Develops New PC for Old People

A Danish IT company has developed a new plug-and-play computer for old people knowing little about IT technology to get online, Copenhagen Post reported Thursday. The computer was designed by dukaPC, a new Danish IT company. According to Erik Hougaard, general manager of dukaPC, ...

Dell Intends to Buy Data Storage Company Compellent

Dell Inc. on Thursday announced that it is in "advanced discussions" to buy Compellent Technologies Inc., a provider of enterprise storage solutions that automate the movement and management of data. The two companies said they have entered into an "exclusivity agreement" to ...

Brazil's OGX Announces New Oil Discovery

Brazilian oil and gas company OGX announced on Wednesday an oil discovery off the country's southeast coast. The company said the presence of hydrocarbons was identified in the Albian-Cenomanian section of well 1-OGX-25-RJS, also known as Waikiki. The well is located in the BM-C...

China Unicom Halves Price of 3G Mobile Package

Mobile operator, China Unicom has now more than halved the monthly subscriber rate for its entry-level 3G mobile package, in a bid to increase its customer base. The cheapest 3G data package now starts at 46 yuan a month, and will be launched at the end of this month. China ...

Foxconn Paves Way for Production Base in C. China

Foxconn Electronics, the Chinese manufacturer of gadgets like Apple's iPad, Wednesday signed an agreement with the government of Hunan Province to set up production and research bases in the central China province. It was the first move into Hunan by the world's largest ...

China's Low-floor Light Rail Vehicle Passes Tests

China's self-developed 100-percent-low-floor light rail vehicle (LRV) has passed safety tests and will likely go into use next year, the LRV manufacturer said Wednesday. A 100-percent-low-floor LRV is a vehicle with no steps between the entrances and the passenger cabin. The ...

Laptops with Chrome OS to Go on Sale in mid-2011: Google

Google on Tuesday announced that laptops running its Chrome operating system will go on sale in the middle of next year, in a challenge to Microsoft's Windows and Apple's Macintosh. At an event held here, Google introduced an unbranded laptop featuring a 12.1 inch screen, a ...

Bright Food May Buy Vitamin Retailer GNC for $3 Bln

Shanghai's biggest food and dairy company, the Bright Food Group, is now close to an agreement to buy U.S. vitamin retailer GNC for as much as $3 billion US dollars. The purchase will give the company control of over 7,000 retail outlets around world selling vitamins, nutrition ...
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China offers inspirations to global dilemmas
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Bill Gates talks nuclear
Bill Gates talks nuclear
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China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

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market

China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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GM China chairman to retire
GM China chairman to retire
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industry

Minivans rev up sales for GM
Minivans rev up sales for GM
Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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