News

The Prime Minister is leading the largest ever trade delegation to China. But what value do these junkets really deliver?

Black cab maker stays in the red

The London black cab maker Manganese Bronze said it would remain in the red for the rest of this year amid "challenging" trading conditions.

Stephen King: Austerity can be postponed by a fiscal stimulus – but it can't be avoided altogether

It is their attachment to models which partially explains the failure of governments, central banks, ratings agencies and banks to see the error of their ways

David Prosser: Google slips back in China

Outlook After all the soul-searching at Google over its presence in China – staying true to your principles versus missing out on such an enormous market – the country's internet users appear to be voting with their feet. Baidu, the Chinese company that dominates internet search there, reported a doubling in its profits yesterday. Crucially, its market share has risen from 68 per cent to 71 per cent over the past three months. That was at Google's expense – it fell from 29 per cent to 27 per cent

Hundreds killed as storms rage on in China

Southern China is bracing for its second powerful storm in less than a week, as the death toll from floods and landslides caused by rain reached 700.

Major test for China's Three Gorges Dam

The Three Gorges Dam in Hubei Province had its biggest test yesterday as it contended with the fastest flow of water ever recorded, at 70,000 cubic metres a second.

Mushroom blamed for mystery deaths in China

A five-year study has blamed an innocuous-looking mushroom known as "little white" for hundreds of mysterious deaths in south-western China.

The Natural World: Always have a friend for dinner in China

The aquariums are a bit overwhelming: there are dozens, each with its living display of seafood laid out before me. As with many popular restaurants in China, the customers are poring over and sizing up the food while servers encouragingly prod and corral their livestock. There are clams from Canada, abalone from South Africa, locally caught crabs with their claws held closed by elastic bands.

India seeks a symbol for the rupee to underline its economic power

In a move that underscores India's increasing global economic ambitions, the authorities are poised to reveal the results of competition to design a symbol for the national currency, the rupee, and in doing so, emulate the pound, the euro, the dollar and the yen.

Chinese central bank keeps yuan in check

The yuan edged up yesterday, but optimism about China's currency revaluation was tempered by further signs of official moves to maintain a grip on gains.

China's currency move changes the G20 agenda

Markets may have leapt with joy at China's pledge to ease the renminbi's peg, but analysts are wary about too much euphoria. Stephen Foley reports

46 dead after explosion in Chinese mine

State media said at least 46 miners were killed after an explosion ripped through a mine in the central Chinese province of Henan.

Thousands flee as floods kill 132

Major rivers have burst their banks in southern China, triggering massive floods that have killed 132 people and forced 860,000 to flee their homes, the government said yesterday.

Seven killed in Chinese dormitory blast

An explosion at a Chinese factory dormitory killed seven workers and injured one, the state news agency reported today.

Greece: China deals may boost economy

Chinese and Greek companies signed shipbuilding and construction deals worth hundreds of million of euros yesterday and further deals might follow to help Greece overcome its debt crisis, officials said.

Stephen King: The moment of truth will be the day the US opts to default by stealth

In the UK the printing press, on its own, has not been able to do the trick. The Governmentis about to deliver a bitter medicine
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