Markets: Shaky after slump
Wall Street avoided a bigger walloping late last week, with sellers finally calling it quits after a nearly 10% plunge in less than three weeks. But the week ahead could be pivotal as investors either jump back in - or retreat even further.
Carbon trading -- with its mix of free-market principles and government regulation -- holds global appeal as a way for businesses to reduce emissions. But lack of a global market for carbon trade and questions over surveillance and accounting for pollution offsets raises questions about its viability.
World-renowned short seller Jim Chanos -- the hedge fund manager who called the fall of Enron and the systemic problems cause by subprime mortgages --recently turned his gimlet eye on China. He saw a country whose rapid rise was hiding massive flaws: grossly inflated real estate prices, irresponsible construction lending, massive overbuilding, a banking system larded with bad loans, and unreliable government data. Fitch Ratings weighed in this week saying that China's banks face the greatest "bubble risk" of any Asian country.
They may not be household names in the West like Google, eBay and Facebook, but in China -- which has more Internet users than the entire population of the United States -- they are the champions of the world's largest Internet market.
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Airline pilots and cabin crew across Europe are holding demonstrations Monday to protest over rules governing their flying hours which they say are putting the lives of passengers at risk.
If you cross paths with Lorenzo Geraci and want to exchange contact information with him, he's only giving you two options -- and neither involves a business card.
Insulated in designer skiwear against a temperature of -15° Celsius, three of China's burgeoning ski set bundle into a gondola headed to a wind-swept mountaintop in Heilongjiang province, Northeastern China.
Wall Street is gearing up for an unpredictable week amid light trading volume, with many market participants on vacation and traders focused on the upcoming new year.
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Twitter is planning to raise $100 million in its second round of funding this year, which would put the company's valuation at $1 billion, according to media reports citing sources familiar with the deal.
The board of British chocolate maker Cadbury accepts a buyout offer from American food giant Kraft, a deal that will end the nearly 200-year-old independence of the beloved British brand.
Iraq's ravaged oil industry is on the verge of a major reconstruction and experts now believe that by the decade's end it could rival the world's top oil producers.
British Airways is offering to let customers rebook flights at no charge if they are affected by a cabin crew strike announced this week, but the airline is not offering refunds unless flights are actually scrapped.
Apple CEO Steve Jobs has unveiled the iPad, a tablet computer that he called "a truly magical and revolutionary product."
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