Author : EW News Desk Team

Iran will form a blockade to stop the supply of oil through the strategically important Strait of Hormuz if the West decides to impose economic sanctions on the country,...

China will spend more than 1.8 billion yuan ($280 million) next year in order to build the world’s highest airport in Tibet’s Nagqu County, reported the Xinhua News Agency...

Brazil has powered past Britain to become the world’s sixth largest economy, according to the London-based Centre for Economics and Business Research. Britain, in turn, drops slightly to seventh...

Tokyo Electric Power Co., or Tepco, has requested for an additional 689.4 billion yen ($8.8 billion) in aid from the Japanese government to help the utility cover compensation payments...

 Malaysian automobile company Proton Holding Bhd., which bought control of British luxury auto manufacturer Lotus Group International in 1996, has been advised by its investors to finally cash in...

U.S. firms are taking advantage of the European debt crisis to make loans and pick up assets owned by cash-strapped regional banks, according to a New York Times report...

Shanghai has become the latest major Chinese city to enforce real-name registration laws for users of social media websites, following the example of the capital Beijing set earlier this...

The cost of living in China is rising, with inflation climbing every single month. In order to attract workers, the southwest Chinese province, Sichuan, has raised the minimum wage...

The festive season is here: With Christmas and the New Year just around the corner, retailers have been reporting record-sales figures despite the fears over the economic outlook. Other...

 The UK government plans to ban the prevalence of “excessive” credit and debit card payment surcharges by the end of 2012, citing transparency concerns. In June this year, the...