CHINA

China's Huawei Technologies Co Ltd has filed a lawsuit to block Motorola from selling one of its business units to Nokia Siemens Networks, demanding that the $1.2 billion deal be altered to avoid infringing on intellectual property rights.

McDonald's Corp plans to raise prices this year to help offset an expected rise in its grocery bill for the 10 commodities that account for around 75 percent of its food preparation costs.

General Motors Co. (NYSE: GM) said it sold more vehicles in China than it did in the U.S. in 2010, making it the first time in the automaker’s 102-year history that sales in a foreign country surpassed domestic sales.

In a speech to about 300 reporters in Paris today, Sakozy said the G20’s aim is to reduce volatility in the commodities and currencies markets by broadening the role of the International Monetary Fund (IMF) and to smooth out the current imbalance of power in global economic governance.

Norway reiterated support on Monday for China to have an observer role in Arctic affairs despite a slump in relations since the award of the 2010 Nobel Peace Prize to a Chinese dissident.

Chinese budget carrier Spring Airlines has resumed a long-delayed plan to sell shares publicly in Shanghai to fund expansion, the China Business News reported on Monday, citing unidentified company sources.

Call it the price of success. China is starting to pass on the rising cost of labor and other manufacturing inputs as it restructures its economy, creating a potential new inflation headache for Western countries already grappling with surging commodity prices.

ZURICH (Reuters Life!) - Luxury watchmakers are increasingly turning to online social network sites and forums to promote their products and satisfy a growing appetite for information about luxury timepieces, particularly in China.

Most of China's wheat-growing areas in the north are suffering from drought with some seeing no rain for more than three months while the second most important wheat province of Shandong is facing its worst drought in a century.

Luxottica , the world's biggest premium eyewear group, expects a solid 2011 after stronger demand for luxury brands, especially in the United States and Asia, boosted 2010 sales to record levels.

The United States will retain unchallengeable global dominance for at least two decades, a top Chinese official has said in an essay urging his government to find a balance between assertion and restraint.

The United States warned China it would redeploy forces in Asia if Beijing failed to rein in North Korea, an Obama administration official said on Friday, as Pyongyang bowed to Seoul's demands for crisis talks.

Gold rose on Monday as lower prices after the metal's third consecutive weekly loss attracted some buyers back to the market, but a more optimistic view of global growth still limited fresh investment.

The ten most “prosperous” nations on earth, according to Legatum’s system, are dominated by Europe. The top ten in order are Norway, Denmark, Finland, Australia, New Zealand, Sweden. Canada, Switzerland, Netherlands and the United States.

Favourable weather and currencies boosted Kenya's 2010 tea crop and export earnings to record levels, and the sector overtook horticulture as the country's top hard currency earner, officials said on Monday.

Telecom services provider Huawei Technologies Co. Ltd. filed a lawsuit on Monday against Motorola and Nokia Siemens Networks for intellectual property infringement.

Consumers in most countries globally look set to keep a tight grip on spending in coming months as they worry about job security and rising inflation, a survey by the Nielsen Company showed on Sunday.

Do check these out before heading for your next holiday this year.

Crude oil imports by China surged in 2010, taking the nation’s overseas oil dependence ratio to more than 55 percent, a media report said on Monday.

Hong Kong billionaire Stanley Ho, chairman of Macau's biggest casino operator SJM Holdings <0880.HK>, has offloaded more of his shares to relatives, the latest move to cement succession plans for his vast empire.

App Store touches 10 billion downloads even as Apple iPhone 5 changes base while iPad 2 mass production is set to start.