DUBAI, one of seven members of the United Arab Emirates (UAE), is now in the middle of its international film festival, which includes “City of Life”, a film set in Dubai and directed by a local. But the most gripping cliff-hanger is playing out in Dubai’s debt markets. On Monda

Despite warnings that up to 80 percent of smuggled iPhones on the market are fake, there is strong demand for bootleg handsets in Beijing.

China Unicom has reported lackluster sales of just 100,000 since the iPhone was officially launched in China on Oct 30.

It came about three ye

Although some Chinese exporters have seen a fledgling market recovery, they should prepare for a long-term struggle as trade pressure grows, says Wu Tiejun, assistant mayor of Qingdao city, one of China's export powerhouses.

"Chinese export enterprises are facing growing trade fricti

Inside Wang Qiaoling's store, a toy Santa croons the song Last Christmas into a tiny gold microphone. Wang is feeling equally nostalgic, even though it's the worst year for her business since Yule Sun Christmas Toys Co was founded 10 years ago.

Wang runs a wholesale store for Yule Sun in

CHICAGO, Dec. 11 (Xinhua) -- The Japanese government rejected criticism on Friday that its 3.7 billion "cash for clunkers" program unfairly excluded U.S. Big Three automakers -- GM, Ford and Chrysler, the Detroit News reported.

    Satoshi Miura, a consular offici

FATIH BIROL, the chief economist of the International Energy Agency (IEA), believes that if no big new discoveries are made, “the output of conventional oil will peak in 2020 if oil demand grows on a business-as-usual basis.” Coming from the band of geologists and former oil-industry

JAKARTA, Dec. 11 (Xinhua) -- China's Zhongxing Telecommunication Equipment (ZTE) sees Indonesia as one of the biggest market in Asia Pacific area and will strengthen cooperation with local telecommunication companies in the future, an senior ZTE official said Friday.

    Cu

LESS than two years ago Toyota swept past an ailing General Motors (GM) to become the world’s biggest carmaker. Now its newly installed boss, Akio Toyoda, the 53-year-old grandson of the founder, says that the firm could be locked in a spiral of decline. Toyota is still a hugely formidable

 BEIJING, Dec. 9 (Xinhuanet) -- After Google released the beta version of its Internet surfer Google Chrome in September last year for Microsoft users, Google Tuesday launches the Mac version of it to Apple users.

    The release of Google Chrome has largely challenged

SINCE Alistair Darling took over as Britain's chancellor of the exchequer (finance minister) in June 2007, he has presented three big end-of-year fiscal statements. They go by the snappy name of a “pre-budget report” and are in effect mini-budgets. The previous two were showstoppers.