Daily News Channel
Nigerian militants said Monday they had blown up an oil pipeline and captured six crew members of a chemical tanker. The crowd of 200 to 300 — mostly women and elderly — quickly formed as local authorities were taking members of the media on a tour of a neighborhood that was heavily damaged during riots over the weekend, witnesses said.
The circumstances surrounding the 2005 collapse of carmaker MG Rover are to be investigated, the British government confirmed Monday. The Serious Fraud Office (SFO) said in a statement it had been asked to consider whether there should be a criminal investigation following completion of an inquiry into the failure of the MG Rover Group (MGRG) on April 8, 2005, which owed nearly £1.3 billion ($2.09 billion) to creditors.
At least 140 people were dead and more than 800 others injured after weekend violence in China’s far west Xinjiang region, the regional public security department said Monday, according to state-run media.
In the northwest of China’s mountainous Yunnan province, among the world’s most biodiverse areas, a green revolution is under way among rural residents. In Meiquan Village near Lashi Lake, Zhang Chengui says he has been able to maximize profits by spending more time growing crops since installing a biogas digester-greenhouse, solar water heater, energy-efficient stove and rain-collecting cistern. He installed them with loans from the bank and grants from The Nature Conservancy, becoming in 2003 the first in his village to adopt alternative energy.
Ethnic Uyghur residents in Urumqi, capital of China’s far west Xinjiang region, took to the streets Sunday afternoon in a rare public protest that prompted a police lockdown of the city.
Rainstorms and flooding in southern China have killed at least 16 people and left hundreds of thousands homeless, according to state-run media. Authorities had sent text messages to more than 1 million people to take precautions in southern China, the Xinhua news agency said Saturday. More than 400,000 residents total were forced from their homes in Fujian, Guangxi Zhuang, Hunan and Jiangxi.
Chinese investors want to cash in on the country’s NBA fever with a bid to buy a 15 percent stake in the Cleveland Cavaliers. Chinese-born businessman Kenny Huang is heading the deal, estimated to be worth more than $70 million. Huang has masterminded previous sports deals, including introducing Mandarin advertisements in the Houston Toyota Center, home of Rockets and Chinese basketball star Yao Ming
At the dawn of the 21st century America is, if nothing else, the land of the bargain. Big box stores like Wal-Mart dominate the retail landscape, peddling middling goods at rock-bottom prices. Higher-end stores put their merchandise on sale like clockwork; if you wait a little longer, you can get it even cheaper at a factory outlet.
As Internet-based economies edge closer to their real-world counterparts, one country is apparently trying to build a wall between the two. China has announced new rules that prevent “virtual currencies” like Linden Dollars and QQ coins from being traded for real cash.
Iraq awarded a lucrative oil contract to BP and China National Petroleum Corp., government spokesman Ali al-Dabbagh said Wednesday, while rejecting other companies’ offers for other oil fields. The joint BP-CNPC bid was for the al-Rumeila oil field, one of the largest in the world. The energy companies are expected to increase production at the oil field by 50 percent, to 285,000 barrels a day, for a service charge of $2 for each additional barrel produced, al-Dabbagh said in a statement