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Wall Street tumbles amid global sell-off, oil below $90

NEW YORK - Wall Street tumbled Monday, joining a selloff around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the US and other governments. The Dow Jones industrials skidded more than 400 points and fell below ...

Kuwait Sends 1st Ambassador to Iraq Since 1990

Kuwait's first ambassador to Iraq since the 1990 invasion took office on Wednesday. Ali al-Momen delivered his credential to Iraqi President Jalal al-Talabani, according to a statement by the president's office. At a joint press conference with Iraqi Foreign Minister Hoshyar ...

White House, Congress push for bailout deal

WASHINGTON - Nervously eyeing the markets' next trading session, congressional Democrats and Republican senators pushed for an agreement Saturday on a multibillion-dollar bailout for the US financial sector. House Republicans said they would not be stampeded into accepting an ...

Japanese PM Fukuda and his cabinet resign

TOKYO -- Prime Minister Yasuo Fukuda and his Cabinet have handed in their expected resignation to pave the way for Taro Aso to become Japan's third leader since 2006. Aso is a conservative former foreign minister who clinched the presidency of the ruling party on Monday. He is ...

Japan's Lower House Picks Taro Aso as PM

Japan's House of Representatives on Wednesday elected Taro Aso, new president of the ruling Liberal Democratic Party, as the nation's prime minister. In the voting held at the 480-seat lower house, Aso garnered 337, or 71 percent, of a total of 478 valid ballots. With the divided ...

Russia Proposes UN Arms Embargo against Georgia

Russia introduced to the UN Security Council on Tuesday a draft resolution that calls for an arms embargo against Georgia. "Georgia has been arming very aggressively in the past few years," Russia's UN Ambassador Vitaly Churkin told reporters. "The military budget of the country ...

US orders new review into Afghan civilian deaths

KABUL, Afghanistan -- The US military says it has new information about an American attack that Afghanistan says killed 90 civilians, and is sending a senior military officer to the country to review its initial conclusion that no more than seven civilians died. The US military, ...

US arms sales to reach $34B this year

WASHINGTON -- US government-brokered overseas arms sales are expected to total about $34 billion in the current fiscal year, up more than 45 percent from the year before, the Pentagon agency in charge said on Wednesday. "Our program is growing by leaps and bounds," Jeanne Farmer ...

Iran designs 2nd nuke power plant

TEHRAN -- Deputy head of Iran's Atomic Energy Organization Mohammad Saeedi said here on Sunday that his country is designing a 360-megawatt nuclear power plant, the official IRNA news agency reported. The new power plant, the country's second one, will be constructed in Darkhoin, ...

Russia Introduces Draft UN Resolution on Georgian Crisis

Russia introduced to the UN Security Council on Wednesday a draft resolution on the crisis in Georgia that would reaffirm the six principles contained in a French-brokered cease-fire agreement. The draft says the Security Council endorses the cease-fire agreement agreed in Moscow ...

Thai protesters flout premier's state of emergency

BANGKOK, Thailand -- Thailand's embattled leader struggled to keep the peace and his grip on power Tuesday after declaring a state of emergency that was openly flouted by thousands of anti-government protesters in the capital. While Prime Minister Samak Sundaravej sought to tamp ...

Two Canadians Confirmed Dead in Kyrgyzstan Plane Crash

Two Canadians were among the 68 people that were killed in a plane crash in Kyrgyzstan on Sunday, Canada's Department of Foreign Affairs has confirmed. Authorities in Kyrgyzstan have officially advised consular officials that two Canadians were confirmed to be among the dead, a ...

Bush warns Moscow to pull back from Georgia

US President George W Bush Monday demanded that Russia end a "dramatic and brutal escalation" of violence in Georgia, agree to an immediate cease-fire and accept international mediation to end the crisis there. Immediately after his return from the Olympics in Beijing, Bush ...

US House formally apologizes to blacks for slavery

WASHINGTON - The House on Tuesday issued an unprecedented apology to black Americans for the wrongs committed against them and their ancestors who suffered under slavery and Jim Crow segregation laws. "Today represents a milestone in our nation's efforts to remedy the ills of our ...

Mexican peppers posed problem long before outbreak

FRESNO - Federal inspectors at US border crossings repeatedly turned back filthy, disease-ridden shipments of peppers from Mexico in the months before a salmonella outbreak that sickened 1,400 people was finally traced to Mexican chilies. Yet no larger action was taken. Food and ...

Over 1000 houses flooded across Nepal

Incessant rainfall for the past couple of days in various parts of Nepal has inundated over 1,000 houses, The Kathmandu Post reported on Friday. According to the daily, a dozen villages of Udaypur district in eastern Nepal, some 170 km east of Kathmandu, are completely filled ...

China to establish China-Central Asia friendship association

China is to establish a friendship association to enhance ties with central Asian countries, said Chen Haosu, president of the Chinese People's Association for Friendship with Foreign Countries (CPAFFC), in Beijing on Monday. Chen made the remarks in a reception held to mark the ...

China to accelerate upgrading of national defense industry: Vice Premier

Chinese Vice Premier Zeng Peiyan on Monday urged defense engineers to strengthen technical innovation and speed up the upgrading of the country's national defense science and technology industry. "In the past year, you have stuck together fighting a hard war in this special ...

Taiwan plan draws grave concern

A US-Japanese plan to deal with a possible military conflict across the Taiwan Straits has caused "grave concern" in Beijing. Washington and Tokyo will discuss a contingency plan in case of a "crisis" situation arising in areas around Japan, including the Taiwan Straits, Kyodo ...

70% target for unions in foreign companies

The All-China Federation of Trade Unions has set an ambitious target of having trade unions set up in more than 70 per cent of foreign-funded enterprises this year. Wang Ying, an official with the federation's Grass-Root Organization and Capacity Building Department, said more ...
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Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
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 ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...
China cloning pigs on industrial scale
China cloning pigs on industrial scale
Cloning is a controversial and decisive issue that has split public ...

industry

trade

Logistics industry faces reshuffle
Logistics industry faces reshuffle
Every day at 7 a.m., Xiao Lin, a Shentong Express courier in Hangzhou, ...
Airbus opens Chinese logistics center
Airbus opens Chinese logistics center
A model of an Airbus SAS A350 XWB on display at an air show. The ...
Dollar trades at lower 102 yen level in early Tokyo deals
Dollar trades at lower 102 yen level in early Tokyo deals
TOKYO, Jan. 27 (Xinhua) -- The U.S. dollar traded at the lower 102 ...
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