CHINA

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China to offer rebates on green vehicles

China state radio said on Tuesday the government would offer cash rebates of up to 600,000 yuan ($87,719) to buyers of alternative energy passenger cars and buses in 13 major cities, including Beijing and Shanghai.

United States is not protectionist, Pelosi says

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ROME - U.S. House Speaker Nancy Pelosi defended the United States against accusations of protectionism during a trip to Italy on Monday, following concerns about a Buy American provision in the U.S. stimulus plan. Somewhere in the mix of things, someone has decided that America has become, is becoming, more protectionist. I don't think that is the case, Pelosi told reporters at the Ital...

Cell phone demand to stay strong despite downturn: U.N.

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GENEVA - Mobile telephones are seen as a basic necessity around the world and should enjoy persistent strong demand throughout an economic downturn, a United Nations agency said in a report published on Monday. With or without a recession, millions of people in India, China, Nigeria, and other emerging markets will seek out mobile phones, according to the International Telecommunication ...
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Cell phone emand to stay strong despite downturn: U.N.

GENEVA - Mobile telephones are seen as a basic necessity around the world and should enjoy persistent strong demand throughout an economic downturn, a United Nations agency said in a report published on Monday. With or without a recession, millions of people in India, China, Nigeria, and other emerging markets will seek out mobile phones, according to the International Telecommunication ...
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World stocks tumble as investors doubt U.S. bank plan

On Wednesday world markets fell following a steep sell-off on Wall Street as investors doubted the viability of the U.S. governments' latest rescue plan for the struggling financial industry with as much as $2 trillion in funding.
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PC maker Lenovo reports loss, CEO resigns

The world's fourth-largest PC manufacturer, Lenovo Group announced Thursday due to global economic turmoil a quarterly loss of $96.7 million has been reported while CEO resigns.
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PC maker Lenovo reports 4Q loss, CEO resigns

The world's fourth-largest PC manufacturer, Lenovo Group announced Thursday due to global economic turmoil a quarterly loss of $96.7 million has been reported while CEO resigns.
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Tanker hijacked off Somali Coast

On Thursday Somali pirates hijacked a tanker and its crew of 12 Filipinos and one Indonesian in the Gulf of Aden, a diplomat said.
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Chinese Premier blames policies, institutions for crisis

Chinese Premier Wen Jiabao attributed policies of some economies and a lack of self discipline on the part of financial institutions for the current economic crisis, but proposed international cooperation to resolve the current difficulties.
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Serengeti Under Canvas, Tanzania

The Serengeti has mythological appeal; it is a primal call. On a planet in trouble, it is also a profound and important place, sustaining (along with the Masai Mara in Kenya) the massive herds with the instinct and the space to migrate year after year.
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China

More diverse than any Asian country, China’s cultural and historic treasures are balanced by her bustling modernity, stunning natural beauty and profound impact on our world today...
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Brazil

Brazil is the largest country in Latin America. It spreads across almost half (47.3%) of South America, and occupies a total area of 8,547,403.5 km2. It is the fifth largest country in the world after Canada, the Russian Federation, China and the United States. Except for a small number of islands, Brazil is a single and continuous land mass. The Equator passes through the northern region, near Ma...
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Armani looks East

The recent design by Italian couturier Giorgio Armani comes with an Eastern theme.
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Last Week Recap - 27/01/2009

The Australian Dollar continued last week to be bogged down in a 4 cent trading range with the low being 0.6414 and the high being 0.6839. With the local data out during the
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Giant Buddha

Lantau Island features the world's tallest outdoor seated bronze Buddha, along with the Po Lin Monastery, Tai O village on stilts, Ngong Ping 360 and Hong Kong Disneyland.
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Protectionism by Another Name?

One thing you can probably get 99% of economists to agree on is that a global trade war in the middle of a global recession is a bad idea. If every country increases import tariffs, hoping to protect its domestic industry from foreign competition, global trade will fall in all directions, hurting everybody. Put another way, increased tariffs are a negative-sum game.

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