International

OECD area experiences sharpest economic contraction since 1960
25/05/2009 05:00
Developed countries experienced the sharpest economic contraction on record in the first quarter of 2009, the largest fall since 1960, said the Organization for Economic Cooperation and Development (OECD) on Monday. The gross domestic product of...
United Nations react to DPRK nuclear test
25/05/2009 05:00
Reaction by the United Nations on Monday to the nuclear test by the Democratic Peoples Republic of Korea (DPRK) was swift and strong in condemnation. South Korean ambassador to the United Nations Park In-kook leaves the UN headquarters after an...
EU adopts legislation to lure skilled workers
25/05/2009 05:00
European Union (EU) member states adopted two pieces of legislation on Monday to facilitate entry and residence in the EU of highly skilled third country nationals and to punish employers who give jobs to illegal immigrants. A girl holding...
Flu mask shortage sparks home-made tips in Japan
25/05/2009 05:00
As Japanese shops run out of face masks amid the A (H1N1) outbreak, local authorities and bloggers are offering tips on making your own from kitchen paper, coffee filters and even sanitary pads. The western city of Tatsuno now gives handy hints...
âLuxuryâ Tata Nanoâs success helps avoid price war
25/05/2009 05:00
Tata Motors Ltd. Chairman Ratan Tata had 500 engineers work for four years designing the worldâs cheapest car, convinced cost-conscious Indian drivers could live without air-conditioning and cup holders. He...
Turbulent Indian aviation sector caught in âperfect stormâ
25/05/2009 05:00
A group watches a Jet Airways airplane preparing for takeoff in Mumbai. Indiaâs airlines are caught in a âperfect stormâ of big losses, high debt and falling demand, and need urgent help from the new...
What financial crisis? Portrait of a Chinese millionaire
25/05/2009 05:00
Chinese millionaire Chen Yilong in a teahouse in Xiâan, in Chinaâs northern Shaanxi province One of Chinaâs growing number of millionaires â“ for whom the financial crisis barely registers â“ Chen Yilong...