CHINA

Hutchison H1 profit up over 600 percent, lags forecasts

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Hutchison Whampoa Ltd <0013.HK>, Hong Kong billionaire Li Ka-shing's flagship ports-to-telecommunications company, posted a 632 percent rise in first-half net profit, helped by hefty one-off gain from the spin-off of its port assets, but lagging market forecasts.
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3. Cheryl Cole

Human hair trade soars on celebrity hairdo envy

A growing desire for the glossy, long locks of celebrities is fuelling a multi-million pound (dollar) global trade in human hair, with demand for hair extensions surging in the past year, according to e-commerce website Alibaba.com.
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State actor seen in "enormous" range of cyber attacks

Security experts announced on Wednesday the discovery of an unprecedented series of cyber attacks spanning five years that affected the networks of 72 organizations globally, including the United Nations, governments and corporations.
Richard &quot;Dickie&quot; George, technical director of NSA&#039;s Information Assurance Directorate, is pictured in his NSA office

Hey Hackers, Uncle Sam Needs Your Help

Hackers attending this year's DEF CON conference in Las Vegas, an annual gathering of the hacking community, can add a possible activity to attending speeches, browsing new technology and meeting other hackers: being recuited for a government job.
Robert Mugabe

Essar to invest up to $4 bln in Zimbabwe steel plant

Indian conglomerate Essar plans to spend up to $4 billion constructing a plant to process iron ore from Zimbabwe's Mwanesi resource within the next five years, Industry and Commerce Minister Welshman Ncube said on Wednesday.
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Chrysler CEO: Industry faces reckoning with China

U.S. and European automakers better watch their rear-view mirrors as competition from Chinese rivals will result in a day of reckoning down the road, the head of Fiat SpA and Chrysler Group LLC said on Wednesday.
Cyber attacks on the rise globally

China Implicated in Massive Five-Year Long Cyberattack

A top cybersecurity firm released a report detailing a sweeping, five year long cyberattack that struck more than 70 government agencies and corporations and likely originated in China, according to experts familiar with the analysis.
A general view of a container port in Shanghai

World's Private Sector Stumbles as Debt Crisis Bites

The world's economy moved closer to stagnation last month as firms in Asia and Europe reined back in the face of an ongoing debt crisis and signs of a new U.S. slowdown, business surveys showed on Wednesday.
U.S. President Barack Obama signs the Budget Control Act of 2011 in the Oval Office at the White House in Washington

Beijing Rating Agency Downgrades U.S. Debt Rating

A Beijing-based ratings agency on Wednesday downgraded the U.S. sovereign debt rating, while Western agencies such as Fitch and Moody?s reaffirmed their AAA rating, following Congressional approval of a plan to raise the debt ceiling.
U.S. President Barack Obama

It's Recession 2012! Early Signs of Economic Slump Emerge

With more than 14 million people out of work, consumer spending falling by the day, the GDP growth outlook remaining grim and rising inflation denting confidence of ordinary people, a massive spending cut of more than $2 trillion would be the proverbial last straw on the camel's back.

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