The World Bank cut China’s economic growth forecast in 2009 to 6.5 percent Wednesday, down a full percentage point from November’s projection. Despite the downgrade, “China is a relative bright spot in an otherwise gloomy global economy,” said the World Bank’s David Dollar.
Tag Archives: japan
Japan’s New Flat-Screens: The Eco-Friendly TV
Most people use their eyes to judge the best flat-screen televisions.
Ozawa: The Man Who Wants to Save Japan
Ichiro Ozawa says that he’s fond of working at practical things, that he “doesn’t like to be showy on the stage.” He had better get used to the limelight.
Japan destroyers set sail on anti-piracy mission
Two Japanese destroyers set sail Saturday on an anti-piracy mission off Somalia, the Japanese defense ministry said.
Report: Japan to fight piracy off Africa
Japan’s defense minister has ordered two destroyers to help fight piracy in the waters off Somalia, officials with the defense ministry told CNN.
Clinton eyes engagement with N. Korea
The United States will still try to denuclearize North Korea through multilateral talks, even if it launches a long-range missile, U.S. Secretary of State Hillary Clinton said.
Report: Freighter in collision near Japan may have sunk
A freighter with 16 crew members aboard may have sunk after colliding with a second freighter in the Pacific Ocean off Izu Oshima Island, Japan’s Kyodo news agency reported Tuesday.
China Won’t Ride to World’s Economic Rescue
As U.S. Treasury Secretary Timothy Geithner warned this week that the U.S. recession is deepening and Japan’s Prime Minister Taro Aso said there is “no bottom in sight” for his sinking country, many investors turned to China for a measure of hope.
Candidates make their pitch for dream job in paradise
The long list for the job that has been described as "the best in the world" has been announced. A chef, a dance instructor and a scientist are among the final 50 applicants for the six-month post of “caretaker” on Hamilton Island, part of the Great Barrier Reef off Australia The successful candidate will enjoy a salary of $100,000, free home and generous perks on the island.
Roubini Sees More Economic Gloom Ahead
Economist Nouriel Roubini, chairman of New York-based research firm RGE Monitor, earned the nickname “Dr. Doom” by warning as early as 2005 that America’s speculative housing boom could trigger an economic crisis