CHINA

The date, not unlike New Year's celebrations in the West, is a time for happiness and festivities.

Freakish snowstorms don't occur as frequently in Russia as in the U.S., but snow is a constant fact of life in many places there.

The Chinese president was the first international leader to visit Tehran after Western sanctions on Iran were lifted Jan. 16.

The Chinese image licensing company also struck a deal with Getty Images, which will take on the exclusive distribution of Corbis content outside China.

With markets reeling, Wall Street's top banks are fretting over a coming recession. Bank of America put the odds at 1 in 5.

South African President Jacob Zuma has long been criticized for his leadership abilities.

The China Food and Drug Administration said five restaurants are being prosecuted while an investigation is underway into 30 others.

As Russian revenues from oil exports fall and sanctions over Ukraine isolate the economy, the country is realizing the need to make it easier for its companies to do business.

The slowdown in January was attributed to uncertainty due to the volatile stock market, according to a survey of purchasing managers.

The fighter jet deal is part of a $150-billion military modernization drive India has launched.

The Virginia University student, who was in the country as a tourist, “was caught committing a hostile act against the state," Korean Central News Agency reported.

South Korean President Park Geun-hye also proposed a five-nation meeting, excluding North Korea, to discuss Pyongyang’s nuclear program.

The Chinese-built train, with speeds of up to 217.5 mph, is expected to cut travel time between Jakarta, the capital, and Bandung, the nation’s third-largest city.

Whether a new recession looms remains to be seen. But this much is known: One investor’s bear market is another’s buying opportunity.

The U.S. benchmark crude briefly touched $30 a barrel Thursday after markets rallied and stockpiles climbed.

Stock markets don’t necessarily offer insight into the broader economy, so seasoned hands are urging investors to take a deep breath.

High-end watchmakers have signaled a shift in strategy with an expanded range of more affordable products to counter a severe downturn. As Hayley Platt reports, the industry is having to adapt to a market with fewer Russian, Middle Eastern and Chinese buyers.

The Russian currency broke the 80-to-the-greenback level Wednesday and tumbled to more than 85 Thursday.

As global markets continued to slide, policy leaders gathered in Davos, Switzerland, cautioned the Federal Reserve to keep interest rates low.

Volvo said autonomous cars could help increase safety.

Having missed its 2015 sales target, Xiaomi is reportedly set to focus on its offline presence this year.