Apple has sold a record 4m of its latest incarnation of the iPhone in its first three days on sale in spite of criticism that the new product was a more limited technological leap forward than its predecessors. Analysts had expected the company, based in Cupertino, California, to sell between 2m and 4m of the [...]
A spat over contracts between China’s biggest shipping company and foreign ship owners is calling attention to broader tension over the rise of a Chinese corporate sector that doesn’t always play by established global rules. The move by China Cosco Holdings Ltd., the listed flagship of state-owned China Ocean Shipping (Group) Co., to halt or [...]
Prices within China for some rare-earth metals posted their first monthly drop this year. Chinese domestic prices of some of the elements were down at the start of July as much as 7.2% from a month earlier, Australian mining company Lynas Corp. said. The decline suggested that a rush to acquire the metals — a [...]
Emily ChasanSenior Editor.Chinese companies continue running into trouble with U.S. investors concerned about opaque or in some cases, incorrect financial disclosures. And now it’s come to this: the WSJ reports that due diligence has become a growth industry in China, as investors, banks, and private equity firms of all stripes look for ways to get [...]
Bundesliga team Schalke eliminated defending champion Inter Milan from UEFA Champions League after a 2-1 win (7-3 on aggregate) thanks to veteran striker Raul who scored and assisted on Wednesday. It is the first time in Schalke’s club history that they reached Champions League semifinals. After the terrific 5-2 first leg win at San Siro [...]
Dozens of soldiers in camouflage and olive drab helmets now scour the debris-strewn outskirts of Rikuzentakata in search for victims from Japan’s recent quake and tsunami. Military helicopters hover offshore, looking for bodies in the waves, while soldiers offer water─and even wash victims’ clothes─in nearby shelters. The efforts are part of Japan’s largest military mission [...]
In recent years, Japan has languished on many fronts. Its economy has been weak, its politics muddled and its birth rate declining. But there’s one area where Japan has forged ahead: food. Boasting dining options that offer that rare combination of healthfulness and tastiness – as well as the odd comfort-food special – Japanese cuisine [...]
According to the Daily Mail on February 9, Stoke Park School in Coventry, UK, spent ￡10,000 (＄16,058) installing the CCTV, which gives it an average of one camera to every ten students. They say the cameras – 33 outside and 79 inside the buildings – are to combat a spate of break-ins and thefts. But [...]
They showed a new submarine in a shipyard that looked unlike any of the vessels the country’s military has in service so far. Last month, a few fuzzy photographs posted on a Chinese military enthusiast’s net site caused a immense stir in the international defence community. Security specialists in the US quickly concluded that Beijing [...]
Natural catastrophes and man-made disasters this year cost the global insurance industry $36 billion, but the economic loss for society was much higher at $222 billion, Swiss Re said Tuesday. Severe catastrophes claimed significantly more lives this year than in 2009. Nearly 260,000 people died in these events, compared with 15,000 last year and the [...]
