CHINA

Low R&D Spend Threatens Auto Part Makers' Ambitions

Cars on display
From Daimler trucks in Germany to tractors in Brazil, Rohit Saboo's Indian automotive parts are making their way into vehicles all over the world. But as he scales up exports to compensate for slowing growth at home, a lack of spending on innovation is undermining his sales pitch.
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Yangtze River Turns Red: Photos Of China's Once Golden, Now Scarlet Pathway [PICTURES]

Chinese River Turns Red, And Nobody Is Quite Sure Why

A stretch of China's Yangtze River has mysteriously turned red around the city of Chongqing. Officials are investigating the river's transformation, as nobody is quite sure what caused it. The river began turning the color of a nice marinara sauce on Thursday.
Barack Obama

President Obama's 2012 DNC Speech Video And Full Text Transcript

U.S. President Barack Obama's speech Thursday night earned mixed reviews, but his reminder of the campaign promises he ran on in 2008 made members of the audience emotional. Obama reminded the audience that all Americans, Democrat and Republican, have problems that can be solved.
Honduras

Honduras' Charter Cities: Potential Economic Miracles or New 'Banana Enclaves'?

Honduras is implementing a bold new plan to establish independent "charter cities" that will operate under separate laws in a bid to draw more foreign investment. Proponents says the plan will create thousands of jobs and spur economic development in the rest of Honduras, while critics say they will only open the door for corporations and other governments to exploit cheap labor and neoliberal tax laws.
Myanmar

Coke, GE Step In As Ex-Pariah Myanmar Opens To Foreign Investment

After breaking from decades of military rule, Myanmar's parliament ratified legislation promoting foreign investment on Friday, opening the southeast Asian country to investment from companies like MasterCard Inc. (NYSE: MA), the Coca-Cola Company (NYSE:KO) and General Electric Co. (NYSE: GE).
General Liang Guanglie

Chinese Defense Minister's Cash Gift To Indian Pilots Causes A Stir

China's Defense Minister General Liang Guanglie caused a stir, perhaps inadvertently, while on a visit to India by handing a cash gift of Rs. 100,000 ($1,800) to two Indian Air Force (IAF) pilots who flew him from Mumbai to New Delhi Monday, media reports said Thursday.
The tail fin of the Boeing 787 Dreamliner is seen at the 2010 Farnborough International Airshow

Air India Receives First Boeing 787 Dreamliner

Air India took delivery of its first Boeing 787 commercial widebody airplane on Thursday at Boeing Co's final assembly plant after a months-long dispute between airline and manufacturer over compensation for a four-year production delay.
Miners at Rustenberg platinum mine

South African Labor Unrest Threatens Platinum And Gold Production

In the wake of a strike that left 34 platinum miners dead after clashes with police, South African unions continued to refuse to work, disrupting production of the metal in the country that accounts for 75 percent of global exports and spilling over to impact gold miners.

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