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Facebook to launch new message platform

Facebook announced on Monday that it would launch a new messaging platform, providing an email address of "@facebook.com." At a press conference in San Francisco, Facebook CEO Mark Zuckerberg introduced the three features defining the new service which he called a "modern ...

Import tax on iPads should be reduced

The imposition of a 1,000-yuan ($150) import tax on Apple iPads has triggered a heated debate among the public. Though most imported goods must be taxed, the tax on items of personal, as opposed to commercial, use should be lighter, says an article in China Youth Daily. Excerpts: ...

China hands out 6.4 bln yuan in 2010 auto trade-in program

The Chinese government handed out 6.41 billion yuan (972.9 million U.S. dollars) in subsidies to new car buyers under the old-for-new trade-in auto program in 2010, the Ministry of Commerce said Wednesday. Sales of 459,000 vehicles were subsidized last year as part of the subsidy ...

China's 2010 forestry output value exceeds 2 tln yuan

China's output value of forestry rose 27 percent last year to more than 2 trillion yuan (302 billion U.S. dollars), a senior forestry official said Wednesday. China produced the most rosin, fabricated boards, bamboo and rattan wood furniture, and timber floor products of any ...

Beijing runs 100 new buses meeting state V emission standards

On Jan. 3, Beijing's first batch of 100 new buses that meet the state V emission standards were officially put into operation in three suburban lines. This is China's first batch of operating buses with state V emission standards. Experts said that the state V engine is 43 ...

Middle East: Saudi's SABIC opens new polyolefin logistics hub at Cleveland, UK

Saudi Arabia's petrochemical giant SABIC has officially opened a new polyolefin logistics centre at Cleveland in northeast England, replacing its previous logistics centre in the UK to "reinforce the company's long-term commitment to serving its UK customers," the company said ...

Rising iron ore prices dampen steel mills' profits

Due to rapidly rising iron ore prices, China's steel mills realized only 77 billion yuan (around 11.66 billion U.S. dollars) of main business profits in 2010, reported today's Economic Information Daily, a newspaper published by the Xinhua News Agency. The whole industry is ...

Netizens share hints on saving money

Du Zhenqi, an 80-year-old resident in Beijing's Chaoyang district, expressed his sympathy for the people who took away his towel gourds without permission. Every year Du plants towel gourds in the community yard for ornament. But this year, before they turned ripe, they were all ...

China to invest 700 billion RMB in railways in 2011

China will invest 700 billion yuan (106 billion U.S. dollars) in building railways over the course of 2011, according to a meeting of the national railway work conference. The money would be used for 70 new intercity projects. China will open a 33-billion-U.S.-dollar high-speed ...

Americas: Over-the-counter rail-delivered coal turnover picks up Tuesday

US over-the-counter coal markets saw a flurry of activity on Tuesday, with turnover in rail products picking up sharply. Prices moved erratically, with NYMEX look-alike terms pressing lower across the curve, while Eastern and Western railed coals finished the session mixed. Look...

Internet policing hinges on transnational cyber crime

China, as a major victim of computer hacking, urgently needs to collaborate with the United States to combat cyber crime, an official of the Ministry of Public Security said on Tuesday. Speaking at the Fourth US-China Internet Industry Forum, Gu Jian, vice-director of the ...

Europe: EU Parliament wants coal mining subsidies allowed until end-2018

The European Parliament Tuesday voted for EU national governments to be allowed to subsidize their coal industries until the end of December 2018, rather than the October 2014 deadline proposed by the European Commission in July. The parliament's view has no legal force but ...

GE to invest US$2 bln in China R&D capacity, JVs

GE CEO Jeff R. Immelt announced on Tuesday the company will invest more than $2 billion through 2012 to expand its R&D capability and set up joint ventures in China. About $500 million will go to R&D and new innovation centers, which are expected to add 1,000 jobs. More than $1.5 ...

Skype in compliance with Chinese law

Skype's partner in China, TOM Group, said the web-based calling service is complying with Chinese law, even as a crackdown on illegal Internet telephone providers could complicate Skype's operations in the country. "The operation of Skype in China is compliant with local laws and ...

And then there were two

Motorola's business in China was overhauled as the US handset maker Tuesday formally spun off its consumer-targeted business after years of planning. Motorola Inc formally changed its name to Motorola Solutions Inc, starting trading Tuesday on the New York Stock Exchange (NYSE) ...

Americas: Development stalls on Canada's Old Harry oil, gas prospect: analyst

A quarter-mile beneath the Gulf of St. Lawrence in the waters between Quebec and Newfoundland lies the Old Harry formation, an uncharted prospect that could hold some 5 Tcf of natural gas or 2 billion barrels of oil, the largest offshore reserves in eastern Canada. But, despite ...

Official: China's Internet market will always be open

Vice director of the Information Office of China's State Council Qian Xiaoqian said Monday that China's Internet market would always be open to foreign enterprises. "The door of China's Internet market remains open, and we welcome Internet enterprises worldwide to develop their ...

CCTV ad auction draws record bids

It is the time of year again when Chinese and multinational entrepreneurs flock to China Central Television (CCTV), pledging billions of yuan to advertise on this powerful platform. The broadcast giant launched its 17th annual prime-time advertising auction at 8:08 am on Monday, ...

Asia: India's PNGRB to invite bids to build two natural gas pipelines

India's downstream regulator, the Petroleum and Natural Gas Regulatory Board, is likely to invite bids to build two natural gas pipelines in the next week, chairman Lalit Mansingh told reporters in Mumbai Wednesday on the sidelines of an industry event. One of the pipelines is a ...

European gasoline market remains tight, backwardation widens

The European gasoline market remains physically very tight, with a well supported backwardated structure in the over-the-counter market, trading sources said Thursday. In the over-the-counter market, Eurobob crack spreads--the difference between the refined product and the price ...

Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
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 ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

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. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
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 ...

trade

sports

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 ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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