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North Korea’s “Dear Leader” Kim Jong Il Dies Aged 69
North Korean leader Kim Jong Il has passed away at the age of 69, according to the communist state’s television announcement. In the televised report, the North Korean broadcaster,...
What Recession? U.S. Holiday Online Spending Up 15%
Americans are celebrating the festive season by shopping. According to the latest comScore results, Americans spent nearly $31 billion in online shopping, a 15 percent increase from a year...
Wall Street Woes: Morgan Stanley Cuts 1,600 Jobs
As the banking sector continues to reel from the trauma of the financial crisis, 1,600 employees at Morgan Stanley will lose their jobs in the first quarter of the...
Infographic: ‘Tis The Seasonal Worker
While the rest of us enjoy our holiday season, the retail industry is in overdrive. Additional consumer demands during the period requires extra workers and extra time in order...
No One Will Be Safe From The Eurozone Crisis, Warns IMF Chief
IMF Managing Director Christine Lagarde has called on all the nations around the world to come to the eurozone’s aid, warning that a failure to act collectively could eventually...
FDI In China Falls For The First Time In 28 Months
Foreign direct investment into China shrunk by 9.8 percent year-on-year to $8.8 billion last month, according to data released by the Chinese Commerce Ministry on Thursday. The figure was the...
Democrats Drop Millionaire Tax Proposal
Democrats are thrashing plans to impose a tax on millionaires as the Congress attempts to find its way out of a high-profile year-end spending dispute. According to latest reports...
The Most Valuable Brand In China?
In a survey commissioned by advertising conglomerate WPP, Chinese web and social media companies like Baidu and Sina featured strongly in the valuation of China’s top 50 brands. But...
Head of UK Armed Forces: Eurozone Crisis Could Pose Military Threat
The ongoing eurozone debt crisis is the single greatest threat to Britain's current state of national security, claimed the UK’s Chief of the Defence Staff General Sir David Richards...
China Slaps “Anti-Dumping And Anti-Subsidy” Duties On US-Made Cars
The Chinese government has unexpectedly imposed new anti-dumping and anti-subsidy tariffs on sport utility vehicles and midsize and large cars imported from the US, in what many believe to...


