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U.S. naval fleet to shift towards Pacific
The United States will shift the bulk of its naval fleet to the Pacificby 2020 as part of a new strategic focus on Asia, Pentagon chief Leon Panetta told a summit in Singapore on Saturday. The decision to gradually deploy more ships to the Pacific Ocean, along with expanding a network of military partnerships, was part…
Asian markets fall on weak US, China data
Asian markets fell Friday and the euro hit a near two-year low against the dollar amid Europe’s deepening debt woes, while disappointing US data and Chinese manufacturing numbers also sapped sentiment. With investors scrambling for safer haven assets such as the yen, Japan’s finance minister pledged “decisive action” if it…
Black market in human kidneys grows to 10,000 operations a year
The illegal trade in kidneys has risen to such a level that an estimated 10,000 black market operations involving purchased human organs now take place annually, or more than one an hour, World Health Organisation experts have revealed. Evidence collected by a worldwide network of doctors shows that traffickers are…
Climate pact process stumbles as countries bicker
Less than six months after the world agreed to craft a new climate pact by 2015, negotiations stumbled at a crucial preparatory phase on Friday as rich and poor countries butted heads. The concluding session of an already troubled 11-day haggle in Bonn ran into delays as countries clashed over…
U.S. says China’s human rights record is getting worse
The United States said Thursday that China’s human rights record was getting worse, with authorities stepping up efforts to silence activists and stifle public debate. “In China, the human rights situation deteriorated, particularly the freedoms of expression, assembly, and association,” the State Department said in its annual human rights report…
World Bank: China must act to prevent hard landing
China’s economic growth will ease further this year, presenting policy makers in Beijing with the challenge of preventing an excessively abrupt slowdown, the World Bank said in a report Wednesday. The bank warned slower expansion in China would ripple acrossAsia and the Pacific, but said the region remained resilient toEurope’s economic woes,…
China firm buys AMC Entertainment to create cinema giant
Wanda, a property firm owned by one of China’s richest men, said Monday it would buy US cinema chain AMC Entertainment for $2.6 billion, in a sign of China’s growing clout in the entertainment business. The deal, which Wanda said would create the world’s largest cinema owner by revenue, gives…
Blind Chinese activist completes U.S. odyssey
Blind Chinese activist Chen Guangcheng began a new life in the United States, praising Beijing’s “restraint and calm” as he sought to draw a line under a month-long tussle that tested China-US ties. Chen on Saturday asked to say a “few simple words” as he, his wife Yuan Weijing, and their two young…
China says U.S. report on its military unjust
China expressed Saturday its “firm opposition” to a Pentagon report that said Beijing was carrying out aggressive cyber espionage as part of a steady build-up of its military power, state media said. Foreign ministry spokesman Hong Lei said “China’s justified and normal military development” had been unjustly criticised in the annual report, which was released on Friday,…
Chinese activist leaves for U.S. with family
Blind activist Chen Guangcheng and his family left China on a plane bound for the United States Saturday, ending weeks of uncertainty in a saga that sorely tested China-US relations. Chen was whisked to Beijing’s airport from the hospital where he had been treated after his dramatic escape from house…
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