CHINA

Luanda Attack

Angola: The Bloody 'Democracy' Of An Oil Republic

As soon as the door opened, 15 men -- armed with pistols, machetes and iron rods -- burst into the house and began beating the young Angolan musicians and activists who were known for protesting against government corruption and the use of violent tactics to suppress political dissent.
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Asia's Military Spending To Surpass Europe's For First Time

2012 will be a historic moment in the shift of global power from the West to the East. According to expert estimates and figures on military spending, in 2012 Asia's spending on defense will eclipse Europe's for the first time in the modern era.
Woman walks past stock quotation board outside brokerage in Tokyo

Asian Markets Fall As Euro Zone Concerns Persist

Asian markets fell Thursday on increasing concerns about the debt crisis looming over the euro zone as national leaders were unable to present specific steps to overcome the situation in Europe.
Chinese one yuan coins are placed on 100 yuan banknotes in this illustrative photograph taken in Beijing

China?s Manufacturing Activity Falls: HSBC PMI

China's manufacturing activity fell in May compared to April and continued to contract for the seventh straight month, according to the preliminary HSBC Flash Purchasing Managers Index (PMI) released Thursday.
China, India

China To Boost Growth Again, But Cautiously

An annual GDP growth rate of 8 percent would be an economic miracle in most of the world. In China, it has the government looking for ways to help the economy grow more -- but not by spending indiscriminately for stimulus plans.
Macy's

Macy?s Eyes Chinese Market, Partners With China?s VIPStore

Macy's Inc. (NYSE: M), the owner of its namesake and Bloomingdale's department stores, said Wednesday it will start selling some of the department store chain's private label merchandise directly to consumers in China next spring through a deal with a Chinese online retailer.
China exports

World Bank Lowers China Growth Forecast, Urges More Asian Consumption

The World Bank lowered on Wednesday its 2012 China growth forecast to 8.2 percent from 8.4 percent on faltering demand for exports in the U.S. and Europe and a slowdown in the Chinese real estate market. The bank urged the entire region to focus on spurring domestic demand and reduce its dependence on exports.
ray j

Ray J Hospitalized For Exhaustion After Las Vegas Visit For 2012 Billboard Music Awards

After his visit to Las Vegas, Nev. for the 2012 Billboard Music Awards, Ray J was so partied out that he had to be hospitalized for exhaustion, according to his rep. Ray J, 31, landed in the hospital Monday morning when exhaustion set in after a night of partying for a product launch party, according to a statement from his spokesperson, and will remain there for treatment for exhaustion and jet lag for an undisclosed amount of time.

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