Foxconn Technology Group, the top maker of Apple Inc's iPhones and iPads, said on Monday it had no plans to take legal action over a U.S. radio program about its activity in China, parts of which have been retracted.
Global economic growth will slow this year, with the United States looking much improved but risks still to the downside as Europe's financial markets remain fragile, the deputy managing director of the International Monetary Fund said on Monday.
According to market figures released by research firm IDC, China is bound to overtake the U.S. in smartphone shipments by the end of 2012, becoming the leading market. IDC’s latest Worldwide Quarterly Mobile Phone Tracker forecast that China’s smartphone market will climb from 18.2 percent in 2011 to 20.7 percent in 2012, while U.S.’ market would drop from 21.3 to 20.6 percent over the same timeframe.
A group of 22 Chinese authors have filed a claim against U.S. technology group Apple, alleging its App Store sells unlicensed copies of their books, Chinese state media reported on Sunday.
The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, the IMF said on Sunday.
China cannot delay reforms to rebalance its economy and will set policies to achieve relatively fast growth and stable prices that should help total trade maintain double digit growth this year, Vice Premier Li Keqiang said on Sunday.
China's economic policy priority is to maintain relatively fast growth, but Beijing cannot lower its guard against inflation risks, the head of the country's top planning agency, the National Development and Reform Commission, said on Sunday.
Though there are signs of recovery, the debt crisis in the developed markets and rising oil prices add to the risk factors looming large over the global economy.
Average annual home prices in China's 70 major cities remained unchanged in February from a year ago, easing from a rise of 0.5 percent in January, according to Reuters' calculation using official data published on Sunday.
French oil giant Total's deal to buy a bigger stake in its $34 billion Ichthys liquefied natural gas project in Australia from partner Inpex Corp <1605.T> may be delayed and will only close before the year-end, its chief executive said.
Estimates of the amount that the tensions between the West and Iran have added to global oil prices range from $5 to $25 per barrel, according to Capital Economics.
The U.S. radio program This American Life has retracted an episode critical of working conditions at a Chinese factory that makes iPhones and iPads for Apple Inc, saying it had contained numerous fabrications.
As China's Communist Party government continues to ramp up surveillance on political dissidents, it is becoming increasingly questionable ethically for the companies that provide it with the relevant technology and services. One such company, owned by the Mitt Romney-founded private equity firm Bain Capital, stands to profit from the country's domestic security boom.
Apple's stock market gains have been overshadowed by media exposes revealing labor violations at Apple's Foxconn supply chain in China, but some facts have been deemed as fabrications by This American Life.
A group of 188 lawmakers on Friday urged President Barack Obama to crack down on predatory Chinese pricing practices, which they said are threatening the auto parts industry.
Israel's foreign minister said Friday in Beijing that his country hopes to resolve a nuclear standoff with Iran through diplomatic means. China has close ties to both Israel and Iran.
China's Cinda Asset Management Corp., which was formed in 1999 to buy bad loans from Chinese banks, received 10.4 billion yuan ($1.6 billion) from four institutional investors as the state-controlled company prepares for an IPO.
Weibo, which is similar to Twitter, has become a sensitive matter for government officials as users often use the platform to criticize government policy.
China suspended approval for the purchase of 10 Airbus (EAD) jets, in a continued showdown over European Union emissions charges.
Given the lack of sufficient infrastructure and endless political instability, Sudan’s energy sector faces many monumental challenges.
U.S. delivery company United Parcel Service Inc. (NYSE:UPS) said Friday it is in constructive talks to buy Dutch rival TNT Express NV and reiterated its intention to make a formal bid by May 12.
Bo Xilai has been sacked from his position as the Communist Party Chief of Chongqing. The state-owned Xinhua News Agency’s coverage of the event was brief and unceremonious, belying its critical significance.
