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Final accord reached at Cancun despite Bolivia’s objection

The U.N. climate change conference finally came up with a way forward in the fight against global warming early Saturday after an all-night session, overruling objections from Bolivia. The agreement covers establishment of a new Green Climate Fund to help poor nations, measures to protect tropical forests and a mechanism for clean energy technology transfer […]

China eyes win-win, equal partnership with U.S.

China seeks a win-win partnership featuring equality and mutual trust with the United States, as the two countries’ interests are deeply correlated in the era of globalization, Chinese Foreign Minister Yang Jiechi said. “Relations between China and the United States should be cooperative and win-win and not a zero-sum game,” Yang said in an interview […]

British Chancellor says economy on the path to recovery

British Chancellor George Osborne on Monday welcomed new figures on the British economy which showed it growing more strongly than expected and debt expected to fall. Osborne said: “It’s clear that our decisive actions prove we can live within our means, this government has taken Britain out of the financial danger zone” and set the […]

Sluggish iPhone 4 supply to continue in China

Apple’s iPhone 4 will continue to be in short supply in the domestic market until the end of this year, because of huge demand for the popular smartphone, China Unicom, Apple’s sole partner carrier for iPhone on the Chinese mainland, said Monday. China Unicom, the country’s No. 2 mobile carrier, said it would freeze the […]

Irish cabinet meets to finalize budgetary plan

The Irish cabinet on Sunday met to finalize the four-year budgetary plan for 15 billion euros (20.51 billion U.S. dollars) of deficit cutbacks. The plan is designed to bring Ireland’s budget deficit back to within 3 percent of the GDP by 2014. The Irish media reported that dramatic cuts in social welfare spending, the minimum […]