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People look at an electronic board at a brokerage house in Shanghai

REUTERS

China's central bank raises rates; Premier Wen confident about containing inflation

China's central bank raised one-year lending and deposit interest rates for the second time in 2010 on Saturday, leading Chinese stocks to rise sharply on Monday before falling.

Iran's national flag flutters during 14th IOGPE in Tehran

Iran says oil likely to touch $100 per barrel

Iran's OPEC governor said that that the oil market is balanced and is likely touch $100 per barrel , the Oil Ministry's website SHANA said in a statement.

Graduates pose for a photograph after their graduation ceremony at Cambridge University

UK undergraduate admissions set for major reforms

School-leavers may apply to universities only with earned A-level scores

An activist from India's main opposition BJP wearing an onion garland shouts slogans during a protest in New Delhi

Who cares about the price of onions in India?

Onions may not be taken as a very serious subject, but the rapid rise in the price of this odorous vegetable in India reflects growing inflation fears in the emerging markets.

U.S. President Barack Obama, Chinese President Hu Jintao

China turned down U.S. offer to maintain world order: Soros

Back in November 2009, China declined an offer from the U.S. to form a partnership to run the world.

A customer looks at laptops at a Dell outlet in Beijing December 13, 2010.

How will China's economy perform in 2011?

As the global economy is entering arguably another tumultuous year, spotlight is sharply on the prospects, policies and risks of China's economy, which has all but sailed past Japan's as the world's second largest after the United States.

Commercial property sales in Australia reach $7.85 billion

China's economy should not be based on the property industry: official

The property industry should not an important pillar of the economy, said Yun Xiaosu, vice minister of the Ministry of Land and Regulation.

Passengers sleep on makeshift beds in Terminal 3 at Heathrow Airport in west London

EU criticizes European airports for failing to cope with bad weather

The European Union (EU) has criticized European airports for having failed to respond with frigid weather conditions that have stranded thousands of holiday travelers and cancelled hundreds of flights.

Taliban fighters pose with weapons in an undisclosed location in Nangarhar province

A cashless global economy might reduce organized crime and terrorism: Lipow

By getting rid of cash, nations around the world might be able to significantly reduce organized crime and political terrorism since those activities are heavily reliant on easy accessibility to dollars, euros, pounds sterling, yen and other paper currencies.

A woman browses job openings at a job fair in Los Angeles

2010 Census results show job market and population growth go hand in hand

The 2010 Census results show that the jobs market and population growth go hand in hand.

Contrary to the prevailing view, the U.S. economy will gain growth momentum in the year ahead, while GDP will grow stronger in Europe and Japan, research firm IHS Global Insight has said in its forecast for 2011.

What IHS predicts for global economy in 2011

Contrary to the prevailing view, the U.S. economy will gain growth momentum in the year ahead, while GDP will grow stronger in Europe and Japan, research firm IHS Global Insight has said in its forecast for 2011.

Technicians maintain solar panels on a roof at a solar power plant in Wuhan, Hubei province, January 12, 2010.

China green energy investment makes sense

It makes sense for China to invest heavily in green energy.

Meredith Whitney, CEO, Meredith Whitney Advisory Group LL

Up to 100 U.S. municipalities may default next year: Whitney

Renowned Wall Street analyst Meredith Whitney has warned that the U.S. may witness between 50 to 200 “sizeable defaults” amounting to “hundreds of billions of dollars” among municipal and state governments next year, which could derail the recovery.

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