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Latest World News

Blair: Gaza cease-fire must halt Hamas smuggling
Any cease-fire in the Gaza conflict will require "clear and definitive action" to halt the smuggling of weapons and money into the Hamas-ruled Palestinian territory, former British Prime Minister Tony Blair said Tuesday.

Thais block 'anti-royal' websites
The Thai government blocks thousands of websites deemed to be offensive to the revered monarchy.

Porsche Boosts Stake in VW to Over 50 Percent
German luxury carmaker Porsche has taken over Europe's biggest carmaker Volkswagen after purchasing more than 50 percent of its shares. With the move, it also attains indirect control over Sweden-based Scania.

Gas Row Puts in Doubt Russia's Reliability as Energy Supplier
The EU has slammed cuts in natural gas supplies to Europe and demanded that the flow of Russian gas to the bloc through Ukraine be "restored immediately."

China Targets Google in Crackdown on Pornography
China has just launched a major campaign to crackdown on internet porn and has major search engines . A spokesperson for Google defended the company saying it is a search engine and does not generate any pornographic content. The government

Japan auto sales fell to lowest in three decades
TOKYO: New vehicle sales in Japan slumped to the lowest level in three decades in 2008 as recession hit Asia's biggest economy, piling pressure on its auto giants, an industry group said. Domestic sales, excluding mini-vehicles, tumbled 6.5 per cent from

German bank enters China capital market
Zhong De Securities, a joint venture between Deutsche Bank of Germany and Shanxi Securities, said on Jan 6 that it has won China Securities Regulatory Commission's approval to trade in the domestic capital market. Deutsche Bank owns a 33.3 percent stake

Investment in nuclear, wind power soaring
China's nuclear and wind power investment soared in 2008, while investment in coal-fired plants declined year-on-year, said China Electricity Council on Jan 5. Nuclear and wind power investment increased by 71.85 and 88.10 percent respectively as

First coal-to-liquids project launched
Shenhua Group, the country's biggest coal producer, said on Jan 5 that its first direct coal-to-liquids (CTL) project, the first of its kind in China, had already started operation. The project, launched on Dec 30, has started to produce fuels and

CNGC prime operating revenue hits $21.21b
China North Industries Group Corporation (CNGC), China's largest military equipment producer, saw its prime operating revenue amount to 145 billion yuan ($21.21 billion) in 2008, up 10 percent year-on-year, with its profits rising 15.4 percent to 4.5

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