International

Phelps banned for three months by USA Swimming
05/02/2009 05:00
Fourteen-time Olympic champion Michael Phelps got his first suspension from competition for three months by USA Swimming in Colorado Springs on Thursday. Michael Phelps swims during his heat in the men’s 200m butterfly at the U.S. Olympic Swimming...
China declares highest level of emergency for worst drought in 50 years
05/02/2009 05:00
China raised the drought emergency class Thursday from level two to level one, the highest alert, in response to the worst drought to hit northern China in half a century, according to a State Council meeting. People irrigate the wheat field at...
Clinton eyes closer cooperation with Britain on Iran’s nuclear project
04/02/2009 05:00
The Obama administration will work closely with the British government to make Iran a responsible member of the international community, Secretary of State Hillary Clinton said on Tuesday. US Secretary of State Hillary Clinton(R) and British...
EurAsEC to set up 10-billion-dollar anti-crisis fund
04/02/2009 05:00
The Eurasian Economic Community (EurAsEC) will create a 10-billion-U.S.-dollar fund to deal with the global financial crisis, Belarusian President Alexander Lukashenko said here on Wednesday. (From L to R) Belarus’s President Alexander Lukashenko,...
Obama imposes $500,000 cap on executive pay in bailouts
04/02/2009 05:00
The Obama administration on Wednesday imposed a pay cap of 500,000 U.S. dollars for top executives at companies that receive the government bailout money to weather the current financial crisis. U.S. President Barack Obama (R) delivers remarks...
Panasonic to axe 15,000 jobs, close dozens of plants
04/02/2009 05:00
Japan’s Panasonic Corp. said Wednesday it is cutting 15,000 jobs and closing dozens of plants worldwide as it braces to fall deep in the red due to the global economic crisis. Panasonic expects a net loss of Â¥380 billion (US$4.2 billion) for...
China may boost textile export rebate to revive industry
04/02/2009 05:00
Chinaâs textile industry, which employs more than 20 million people, is among âthe hardest hitâ by the global recession, analysts said China, the worldâs largest textile exporter, may raise export tax...