24/7 News Coverage
May 26, 2011
MILPLEX
US, European banks invest billions in cluster bombs: NGOs
Brussels (AFP) May 25, 2011
US and European financial firms are still investing billions of dollars in cluster bomb producers despite a global ban on a weapon that maims and kills civilians, NGOs said Wednesday. The US financial titans JP Morgan Chase and Goldman Sachs are joined by Royal Bank of Scotland, Germany's Deutsche Bank and China's Changjiang Securities in a "hall of shame" of investors in cluster munitions. They are among 166 private and public financial institutions from 15 countries that have invested a total ... read more

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NUKEWARS

North Korea's Kim in Beijing, meets Hu: reports
North Korean leader Kim Jong-Il arrived in Beijing on Wednesday and was seen en route to what was believed to be a summit with Chinese President Hu Jintao, a South Korean media report said. ... more
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NUKEWARS

US imposes sanctions against firms dealing with Iran
The United States on Tuesday announced it is imposing sanctions against seven foreign firms - including from Venezuela, Singapore, and Israel - as part of efforts to check Iran's nuclear ambitions. ... more
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NUKEWARS

US team in N. Korea over food shortages: Xinhua
A two-man US team tasked with evaluating a request for food aid from impoverished North Korea arrived in Pyongyang on Tuesday, China's official Xinhua news agency reported. ... more
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24/7 Energy News Coverage
Amazon takes on iPad with new Kindle Fire tablet

Hong Kong to restrict foreign homebuyers from 2013

US judge OKs partial settlement in e-book case

Nordic-Baltic states seek more cooperation

Outside View: Jobs outlook grim

Empire-style computers? Frenchman takes PCs to lap of luxury

Google-Microsoft field smartphones to take on iPhone 5

EU businesses urge China's new leaders to speed reforms

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NUKEWARS

North Korea's Kim makes new stop on China tour
North Korea's Kim Jong-Il stopped in China's Nanjing city Tuesday after touring an industrial zone and browsing at a store, reports said, on a trip believed aimed at studying the country's economic boom. ... more
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SINO DAILY

Unrest in China after Mongol herder's death: group
Hundreds of ethnic Mongols have protested in China this week over the killing of a shepherd that has sparked online calls for even bigger future demonstrations, human rights organisations have said. ... more
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CLIMATE SCIENCE

Central China drought worst in over 50 years: reports
Central China's worst drought in more than 50 years is drying reservoirs, stalling rice planting, and threatens crippling power shortages as hydroelectric output slows, state media said Wednesday. ... more
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ENERGY TECH

China gets massive deep-water rig
China's most advanced deep-water oil rig is set for a trial voyage Thursday, People's Daily Online reports. ... more
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From Crowdfunding to Venture Capital: How to Choose the Right Funding Strategy for Your Startup - An Exclusive Interview with Alexander Kopylkov
US-Japan summit: what to expect
Trump calls for work on new Iran nuclear deal to begin 'immediately'
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POLITICAL ECONOMY

Shunned by banks, small China firms hit pawn shops
China has some of the biggest banks in the world, but they turned their back on Jacky Wang when his small decorating firm needed a loan. So like many Chinese entrepreneurs, he turned to a pawn shop. ... more
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THE STANS

China says unaware of Pakistan naval base proposal
China's foreign ministry said Tuesday it was unaware of a request by Pakistan to Beijing for help in building a naval base at its deep-sea port of Gwadar, strategically located on the Arabian Sea. ... more
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NUKEWARS

China mulls Iranian nuclear inspection invite
China said Tuesday it was considering an invitation to inspect Iran's nuclear facilities and urged Tehran to step up cooperation with the UN nuclear watchdog. ... more
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ENERGY TECH

Philippines warns of arms race in South China Sea
Philippine President Benigno Aquino on Tuesday said he warned the Chinese defence minister of a possible arms race in the region if tensions worsened over disputes in the South China Sea. ... more
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TECH SPACE

Foxconn polishing plants in China closed after blast
Taiwan tech giant Foxconn said Tuesday all its workshops that polish electronic parts and products in China had been shut down for inspection after a deadly explosion at a plant last week. ... more
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POLITICAL ECONOMY

IMF job: Lagarde gains ground despite court probe
French Finance Minister Christine Lagarde's chances of leading the IMF improved on Tuesday, as France claimed China would back her, even though she faces allegations of abuse of power at home. ... more
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POLITICAL ECONOMY

China's current account surplus down 18% in Q1
China's current account surplus fell 18 percent in the first quarter of 2011 from the same period last year, official data showed Tuesday. ... more
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ENERGY TECH

Oil rebounds in Asia on higher Chinese demand
Oil rebounded in Asian trade Tuesday on surging crude demand from China, the world's second-largest economy, analysts said. ... more
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24/7 News Coverage
Fresh quake barrage hits Greek island Santorini
Pain, anger as Turkey marks two years since quake disaster
January sets 'surprising' heat record: EU monitor
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TRADE WARS

N.Korea's Kim makes new stop in marathon China tour
North Korean leader Kim Jong-Il arrived in the eastern Chinese city of Nanjing on Tuesday, reports said, his latest stop in a marathon trip believed aimed at learning the secrets of China's economic boom. ... more
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LAUNCH PAD

Taiwan, Singapore launch satellite
Taiwan's leading telecom operator Chunghwa Telecom has launched its second commercial communications satellite in a joint venture with Singapore Telecommunications, local media said Saturday. ... more
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CYBER WARS

Cisco sued for helping China monitor Internet
Falungong members are suing Cisco Systems for custom-building "Golden Shield" Internet technology used by China to track down devotees of the spiritual movement. ... more
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NUKEWARS

China confirms Kim's visit: Seoul spokesman
China's Premier Wen Jiabao confirmed Sunday that North Korean leader Kim Jong-Il is visiting China to study its dramatic economic development, South Korean officials said. ... more
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WATER WORLD

Beijing admits Three Gorges Dam problems
China has acknowledged there are problems with its massive Three Gorges Dam, the world's largest hydropower station. ... more
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THE STANS

India says Sino-Pakistan ties a 'serious concern'
India views with "serious concern" growing defence ties between China and Pakistan and says it will have to bolster its own military capabilities to meet the challenge. ... more
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SUPERPOWERS

Tibetan leader warns India of China 'encirclement'
The newly-elected head of Tibet's government-in-exile has warned India that it is being encircled by "Chinese interests" as Beijing strengthens its South Asian presence. ... more
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FLOATING STEEL

Taiwan renews bid to buy subs, F-16s from US
Taiwan on Sunday said it was still pursuing its bid to buy eight submarines and dozens of F-16 fighters from the United States despite warming relations with former arch-rival China. ... more
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Space News from SpaceDaily.com
ATLAS bolsters radio frequency network through new HawkEye 360 alliance
Mobix Labs Secures Defense Funding to Advance SATCOM SoC Innovation
Karman Moves Forward with Initial Public Offering
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THE STANS

Pakistan asks Beijing to help build naval base
Pakistan wants China to build a naval base at a deep-sea port in southwestern Baluchistan province, its defence minister said Sunday, while also inferring that Washington was a fair weather friend. ... more
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NUKEWARS

China confirms Kim's visit: Seoul spokesman
China's Premier Wen Jiabao confirmed Sunday that North Korean leader Kim Jong-Il is visiting China to study its dramatic economic development, South Korean officials said. ... more
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NUKEWARS

N. Korea's Kim in China 'for development lessons'
North Korean leader Kim Jong-Il visited a development zone in eastern China on Monday, media reports said, as he pursued a secretive trip aimed at seeking answers for his nation's crippled economy. ... more
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EARLY EARTH

China fossil shows bird and crocodile family trees split earlier than thought
A fossil unearthed in China in the 1970s of a creature that died about 247 million years ago, originally thought to be a distant relative of both birds and crocodiles, turns out to have come from th ... more
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WATER WORLD

Performance of an arch dam affected by the relaxation of its foundation following excavation
Hohai University in Nanjing has established a research tradition in hydraulic engineering over the last 95 years. During this time, Hohai has become a first class institution of higher education tha ... more
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ENERGY TECH

Philippines, China pledge restraint over Spratlys
The Philippines and China pledged Monday to avoid "unilateral actions" that could further inflame tensions over rival claims to the potentially oil-rich Spratlys island chain. ... more
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TRADE WARS

Global Fund halts payments to China amid mismanagement
The Global Fund to Fight AIDS, Tuberculosis and Malaria has halted payments for programmes in China amid mismanagement by a public agency, a spokesman said Monday. ... more
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TRADE WARS

Torn ancient China painting to be joined in Taiwan
One of China's best-known ancient paintings, torn into two parts in the 17th century, will soon be exhibited in its entirety in Taiwan for the first time in more than 360 years, organisers said Monday. ... more
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