CHINA

Angola's $3.5B, Chinese-Built Ghost Town

Kilamba
China is finishing a major housing project outside Luanda, paid for with oil, but nobody's buying. To do so, the average Angolan would need to work 160 years.
Brazil

World Economies Slowed In May, Even White-Hot Brazil Disappoints: OECD

The world's major economies extended their slowdown in May, with conditions deteriorating significantly in India and Italy, according to a statistical indicator released by the Organisation for Economic Co-operation and Development on Monday. Even in Brazil, one of the few economies surveyed that is expanding, the pace of growth slowed.
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South China Sea Dispute

South China Sea Dispute Expected To Set Tone For ASEAN Meet

The territorial dispute in the South China Sea is expected to drive the talks during the 19th ASEAN Regional Forum (ARF) beginning Monday in Cambodia. The confrontational rhetoric between China and the U.S. over the South China Sea will also form the focus of the discussions that will be attended by top officials from the 10 member nations.
U.S. Economy

On Jobs, The US Congress, And You

Cutting federal spending in 2012 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure and public works projects now and in the immediate quarters ahead, it would create millions of jobs.
Siri

Apple Sued by Chinese Company Over Siri Patents

The tech world has been filled with high-profile lawsuits over the past week. Just as Internet giants Yahoo and Facebook settled their differences over alleged patent infringement, Apple is the latest company hit with a patent-related lawsuit.
Wenzhou Church

Chinese Underground Catholics Caught Between Church And State

Wenzhou, probably the most Christian city in China, has a vibrant Catholic community. But two-thirds of these Catholics choose to worship without government oversight, a fact that highlights how faith in today's China can still be a murky, semilegal affair.
Dollar

Are Foreign Holdings Of US National Debt A Threat To Our Economy?

As the U.S. government spends an unprecedented amount of money to fix the economy, there's an equal need to raise the cash needed to pay for those fixes. As a result, Uncle Sam is forced to borrow from countries with high savings rates, such as China, to help cover the budget deficit.
BRICs IMF

Emerging Markets Lose Their Sparkle, IMF Says

Hopes that emerging markets will lead the world out of the global economic slowdown are beginning to dim.Christine Lagarde, managing director of the International Monetary Fund (IMF), voiced her concerns over the strength of the global economy, emphasizing that emerging markets, which currently account for two-thirds of global growth, were showing signs of weakening.
Kindle Phone Coming Soon? Amazon Ready To Enter The Smartphone Jungle

Kindle Phone Coming Soon? Amazon Ready To Enter The Smartphone Jungle

Amazon got into the hardware game in 2007 with its popular e-book reader, the Kindle. Five years, three Kindle generations and a tablet later, the world's largest online retailer is reportedly building its first-ever smartphone to compete with Apple's iPhone and Google's Android platform.

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