CHINA

It was going to be another win for rookie Jeremy Lin, who had already helped his Knicks win the last seven games. But tonight, it was not in the cards for Lin, as he found himself surrounded by Hornets. The Knicks lost to the New Orleans Hornets, 89-85.

At the end of the first half of a big Friday night game between surprise star Jeremy Lin and his Knicks against the Hornets, New Orleans, one of the worst teams in the league, is pummeling arguably one of the most talented rosters in the NBA in the Knicks. The Knicks have been on a seven-game winning streak since Jeremy Lin has been featured on the team. He is 6-0 as a starter, averaging about 21 points about 9 assists.

Kung Fu Panda creator Dreamworks Animation SKG Inc plans to build a production studio in Shanghai with some of China's biggest media companies, a landmark deal that gives the company a foothold in one of the largest untapped markets for Hollywood.

Standing by a Boeing 787 Dreamliner in Everett, Wash., on Friday, President Barack Obama called on Congress to reshape the corporate tax code to benefit companies that keep jobs in the United States, giving a boost to the domestic manufacturing sector and exports.

The head of Avon Products Inc's Canadian unit will become president of the cosmetics company's China business next month as the company contends with sliding sales there and a probe into alleged bribery of officials in that country.

The U.S. economy is growing at a respectable 2.8 percent annual rate, the U.S. jobs market has added 243,000 nonfarm payrolls in January and the S&P 500 Index is up eight percent year-to-date. Nouriel Roubini's economic prediction for 2012, however, is still decidedly bearish.

Foxconn, Apple's major product manufacturer, announced, Friday, new wage increases for the junior level workers, boosting them up by 16-25 percent.

China will launch the Shenzhou-9 spacecraft between June and August this year, carrying three astronauts to the Tiangong-1 space module, Xinhua reported Friday.

Henry Tang, Hong Kong's likely next chief executive, will not stand down, despite reports of an illegally constructed basement at his residence.

Rovio Entertainment's Angry Birds have conquered mines, construction sites, Rio, and all four seasons, which is why the colorful birds will leave this planet and take their slings and fury to space. On Friday, Rovio announced their new game, Angry Birds Space, which will launch on March 22.

While Indian authorities have launched an investigation into Monday's New Delhi car bombing, and its suspected masterminds, Prime Minister Manmohan Singh's government has continued to embrace trading with the country that is widely suspected of the attacks -- Iran.

After a month of protesting against local officials taking away their land, residents of Panhe village in Zhejiang province are being detained. These arrests have put a stop to the social unrest for now. However, land disputes remain a rampant issue in China -- one that seriously shakes the harmonious society.

Mitt Romney and Ron Paul have proven their friendship on the campaign trail, but would Romney-Paul 2012 be a strong ticket?

Newt Gingrich says any TV station that airs an ad from rival Republican Mitt Romney's super PAC claiming the ex-House speaker backed China's controversial one child policy will be sued, according to Politico.

British Fashion Council Chairman Harold Tillman said on Friday that Britain should be doing more to encourage Chinese shoppers to visit, and more importantly shop in, the capital.

U.S. Secretary of State Hillary Clinton is treating Iran's letter about restarting nuclear talks with caution, but noted Iran's response was “the one we have been waiting for.”

China’s Vice President Xi Jinping, on the last day of a much-ballyhooed five-day trip through the United States, said the Chinese economy will avoid a “hard landing” this year and maintain stable growth.

Apple Inc's share of China's booming smartphone market slipped for a second straight quarter in October-December, as it lost ground to cheaper local brands and as some shoppers held off until after the iPhone 4S launch last month.

Chinese Vice President Xi Jinping said on Friday the Chinese economy would experience stable growth and avoid a hard landing this year, dispelling a scenario economists fear may upset the global economy.

Richline International, part of U.S. billionaire investor Warren Buffett's Berkshire Hathaway, plans to buy debt-laden jeweler UnoAErre, in a further expansion into Italian jewelery after a string of acquisitions last year.

Welcome to the world of Unmanned Aerial Vehicles and their dystopian implications.