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Chinese premier stresses scientific innovation, sustainable growth

Chinese premier stresses scientific innovation, sustainable growth From: Xinhua Chinese Premier Wen Jiabao on Monday stressed the importance of scientific innovation in the process of shifting from made in China to created in China . Wen met with entrepreneurs and answered their ...

World Bank to help China transit to high income country

World Bank to help China transit to high income country From: Xinhua President of the World Bank (WB) Robert Zoellick said Monday that the WB would expand its partnership with China to help the country become a high income nation. Quoting China s former leader Deng Xiaoping, who ...

Official: Innovative green technologies help China's drive to save energy, cut emissions

Official: Innovative green technologies help China s drive to save energy, cut emissions From: Xinhua The Chinese government s investment in research and development of green technologies has exceeded 10 billion yuan (1.47 billion U.S. dollars) for the 2006-2010 period. Zhang ...

U.S. dollar strengthens against yen after Japan intervenes

U.S. dollar strengthens against yen after Japan intervenes The U.S. dollar strengthened against the Japanese yen on Wednesday after Japan unexpectedly moved to weaken the yen. The dollar rose 3 percent against yen in New York, the biggest one-day gain versus the yen since the ...

What small merchants need to know about mobile commerce

What is Mobile Commerce, and Why Should You Care? What is Mobile Commerce? Mobile commerce (also known as mobile ecommerce, m-commerce and other variations) consists of two primary components. The first is the ability to use a wireless phone or other mobile device to conduct ...

Australian supermarkets aim to lure the health-conscious

COLES and Woolworths set out to lure health-conscious and time-poor shoppers It is a strategy that has seen them expand the amount of store space allocated to meat, dairy, bakery, fruit and vegetables by two-thirds. Woolworths this month unveiled its new supermarket format, one ...

Recession retailing: How to stay ahead of the curve

Staying ahead of the curve Go on the offensive It's too late to be defensive A new playbook must be developed for the evolving environment. Going forward, new, differentiated and unique merchandise, targeted to the right consumer, is a must. While value will likely remain a key ...

U.S August retail sales see biggest increase since March

U.S. August retail sales up 0.4 pct., best in 5 months Retail sales rose in August by the largest amount in five months, adding to evidence that a late spring economic swoon was temporary and not the start of another recession. Retail sales rose 0.4 percent last month, the ...

Retail sales in euro zone exceed expectations

Euro-Zone Retail Sales Edge Higher Retail sales in the 16 countries that use the euro rose more than expected in July in a fresh sign that consumer demand is helping drive economic growth, official statistics showed last Friday. The volume of retail trade rose 0.1% from June, and ...

South Korea becomes Asian test market for global retailers

Intersport, LG Fashion team up Korea is increasingly becoming an important test market for multinational companies who are looking to enter the Asian market. The latest example is Intersport, the world s biggest sports retailer, which is making its first foray beginning in Seoul. ...

Majority of online shoppers hit Web stores weekly

Most web shoppers shop online at least once a week Study shows that 31% of shoppers check retailers social media pages. 83% of online buyers shop on the web at least once a week, according to the new Online Shopper Intelligence Study from Compete Inc. The web analytics firm ...

U.S. ushers in better-than-expected August retail sales

Retailers Top Lukewarm Forecast Amid Consumer Caution, August Receipts Rose 3.3% as Promotions Helped to Bolster Back-to-School Shopping Retailers delivered a late-summer surprise, with sales for the key back-to-school shopping month coming in better than expected. August tallies ...

Europe's online fashion retailing is still in early days

Europe's Online Fashion Evolution Is online fashion retailing starting to come of age in Europe? Pablo Isla, who runs Inditex, Europe's second-largest fashion retailer after Hennes & Mauritz, thinks so. He launched Zara.com, one of the last high street brands to move online, in ...

BRC reports rapid increase in UK food prices

U.K. Food Prices Increase at Fastest Pace in a Year, BRC Says U.K. food prices increased the fastest in a year in August as manufacturers passed on higher commodity prices, the British Retail Consortium said. Food prices rose an annual 3.8 percent, up from 2.5 percent the ...

Surging yen could change Japan's model for luxury goods sales

Web-Bargain Luxury Comes to Japan For decades, the model for selling luxury imported goods in Japan has been simple: plush surroundings, attentive service and the "Japan premium." Taking advantage of the luxury-goods appetite and high incomes of Japanese consumers, foreign high...

U.S.: More malls add supermarkets to the mix

Malls make way for grocers Unconventional tenants such as grocery stores seen as new way to draw shoppers to struggling retail centers An afternoon at the mall once meant digging through a pile of sweaters at the Gap, trying on shoes at Nordstrom and slurping an Orange Julius at ...

India's hotel giant to open new hotels in China

India s hotel giant to open new hotels in China Indian Hotels Company Limited (IHCL), one of South Asia's largest hospitality groups will set up at least three hotels in China including the capital Beijing in the near future, a senior official from the company told reporters in ...

Hypermarkets prompt changes to Egypt's retail scene

Hypermarkets sprouting in Egypt Dubai With international and regional hypermarket operators drawn to Egypt s booming retail hubs of Cairo and Alexandria, local grocery stores or the baqal are seeing the departure of their neighbourhood shoppers. Gom aa grocery in Heliopolis, an ...

Korean cosmetics brands expand into foreign markets

Made-in-Korea cosmetics on the rise NeoPharm, a local biopharmaceutical subsidiary of Aekyung Group, announced on Monday that it has landed a $500,000 deal to export specialized cosmetics brands to a retailer in the United Arab Emirates. This export deal is meaningful, as it ...

Chinese premier says no basis for drastic currency appreciation

Chinese premier says no basis for drastic currency appreciation Visiting Chinese Premier Wen Jiabao said here Wednesday there was no basis for the drastic appreciation of the yuan, the Chinese currency. During a speech at a welcome banquet by U.S.-China friendship organizations, ...
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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 ...
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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