Forecasters believe that China will outstrip the U.S. as the globe's top manufacturer in just a dozen years. But China's growing domestic market could even things out in the long run. Jeremy Hobson reports.
The British fashion house famous for its black, white and red check is ready to launch a rapid expansion in the States. American shoppers can look forward to 10 new Burberry retail stores this year, Stephen Beard reports.
Alan Greenspan yesterday warned that he fears China's skyrocketing stock market is due for a dramatic correction. That sent prices down on Wall Street and in Europe, but investors in Shanghai barely seemed to notice.
Using cell phones across Europe is about to become much more affordable — as much as 75 percent cheaper. It's all part of the movement to bring E.U. member states closer, says Stephen Beard.
Britain's BG Group is poised to close a historic deal to supply Palestinian natural gas to Israel. It would develop a large gas field off the coast of the Palestinian-controlled Gaza territory. But some big questions remain, Stephen Beard reports.
British oil giant BP has been told by the Russian government that it might lose its rights to a major natural gas field in Siberia any day now. Stephen Beard reports.
Beijing has sent its biggest-ever trade delegation to Washington for a summit on the trade deficit, debt, tarriffs and money policy. But don't get your hopes up for sweeping changes. Jeremy Hobson reports.
China's red-hot economy has become cause for political consternation here in the U.S., but it's also pumping up fears of a bubble bursting at home and leaders there are feeling some pressure. Scott Tong walks us through it.
EMI has agreed to a buyout offer from private equity firm Terra Firma. The timing of the news was surprising, says Billboard's Lars Brandle, but it seems the record company had some other bad news to bury.
China is sinking $3 billion into U.S. private equity superstar Blackstone Group. Economist Trevor Houser says the Chinese want to get schooled in foreign investing. Lesson 1? The less-than-10% stake is just low enough to fly under federal scrutiny.
