International

Yahoo CEO Jerry Yang to step down

Yahoo CEO Jerry Yang announced Monday that he is stepping down after a turbulent year and a half of running the Internet giant. Yahoo! CEO Jerry Yang declines to speak to a reporter at the 26th annual Allen & Co conference in Sun Valley, Idaho July 10, 2008. (Xinhua/Reuters Photo)Yang, 40, told employees in a memo that he will continue as CEO until a replacement... Read more

Obama, McCain vow to "launch a new era of reform"

U.S. president-elect Barack Obama and his former Republican presidential rival, John McCain, vowed on Monday to “launch a new era of reform” and work together on “critical challenges.” (L-R) Senator Lindsey Graham (R-SC), Senator John McCain (R-AZ), President-elect Barack Obama and his chief-of-staff Rahm Emanuel during a meeting in Obama’s... Read more

Merkel says Berlin to decide on help to carmaker Opel before Christmas

German Chancellor Angela Merkel said on Monday that her government will make the decision on whether and how to help General Motors’ German unit Opel through its financial problems before Christmas. Klaus Franz, leader of the Opel works council, Carl-Peter Forster, CEO of General Motors Europe, German Finance Minister Peer Steinbrueck, German Chancellor... Read more

New case of mad cow disease confirmed in Canada

A Canadian cow is pictured in a field near Teulon, Manitoba, in this July 28, 2006 file photo. A new case of mad cow disease has been confirmed in Canada, raising the total cases discovered in the country since 2003 to 15.   (Xinhua/Reuters Photo)The Canadian Food Inspection Agency (CFIA) said Monday the sick animal was a seven-year-old dairy cow on... Read more

New James Bond film scores record opening in North America

The latest James Bond film “Quantum Of Solace” opened this weekend at the top of box office in North America with an estimated 70 million U.S. dollars over the three-day period, a record for the globally popular spy series, according to preliminary figures released Sunday. Daniel Craig as James Bond in “Quantum of Solace.” The latest James... Read more

Minister: Japan’s economy sinks into recession

Japan’s economy sank into its first recession in seven years in the July-September quarter as the global financial crisis took a heavy toll on the world’s second largest economy and curbed demand for its exports. A businessman walks out of a building in Tokyo November 17, 2008. Japan slid into its first recession in seven years in the third quarter... Read more

Study: Vitamin C or E pills do not lower risk of cancer

Taking vitamin C and E pills does not lower the risk of cancer, according to a latest study involving nearly 15,000 men in the U.S., media reported Monday.  (File Photo)“After nearly 10 years of supplementation with either vitamin E or vitamin C, we found no evidence supporting the use of either supplement in the prevention of cancer,” said Howard... Read more

Chinese banks warned of bad loans, shrinking profits

Chinese banks should be alert to the risks of growing bad loans and narrowing profit margins amid a worsening global financial crisis and domestic interest rate cuts, a senior banking regulator has warned. China Banking Regulatory Commission Vice Chairman Jiang Dingzhi told a financial forum in Beijing on Saturday that China’s banking system, despite being... Read more

Calmer winds help firefighters battle wildfire near Los Angeles

With winds calming down, firefighters were working hard to further control a wildfire that terrified thousands residents near Los Angeles, authorities said on Sunday. Fire fighters strike crew head into the night as they gear up to fight a wild fire as it approaches Carbon Canyon road near Brea, California November 16, 2008.(Xinhua/Reuters Photo)Firefighters... Read more

Unhappy people watch more TV

U.S. researchers found unhappy people spend time in front of the television 30 percent more than happy people, according to media reports Sunday. Researchers at University of Maryland have found that unhappy people spend more time watching TV than happy people.The finding, made by researchers at University of Maryland, comes from a survey of nearly... Read more

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