The wildfire raging in Canada is forcing a reduction in the countrys oil output. The energy sector accounts for 10 percent of GDP and has already been hit hard by low crude oil prices. With authorities warning the blaze could continue to burn for mon...
China's consumer prices rose slightly on an annual basis in April, in line with market expectations. The consumer price index edged up 2.3 percent in April from a year ago, unchanged from March. Month-on-month, prices fell 0.2 percent, the data from...
Vendors say vegetable and pork prices have stabilized in recent days after being especially high over the past two months, especially during the Chinese New Year holiday. Vegetables and pork are major ingredients in most Chinese dishes and consumers...
Today we are joined by Li Yong, vice chairman of the China Association of International Trade. Q1. The thing that sticks out most to me is food prices, with pork skyrocketing 33 percent. How does that fit into the interpretation of the CPI data ? Q2....
The National Development and Reform Commission says it's stepping up measures to revitalize China's sagging industrial Northeast. Zhou Jianping, the official in charge of the effort, says the government will invest 1.6 trillion yuan in about 130 majo...
The U.S. International Trade Commission says a hearing on Corrosion-Resistant Steel Products from the Chinese mainland, Taiwan, India, Italy and South Korea has been postponed until May 26th. The hearing comes after the United States Steel Corporatio...
One of the highlights of the plan to revitalize China's northeast is a scheme to transform the region into a manufacturing base for advanced equipment by 2030. Encouraging innovation and entrepreneurship will be crucial to make such a breakthrough. C...
Greek Prime Minister Alexis Tsipras says Greece does not need to adopt new austerity measures after six years of continuous cuts. Tsipras made the announcement at a cabinet meeting, after Eurozone members praised Athens for its recent reforms. The Eu...
A Canadian official delegation visited the oil sands boomtown of Fort McMurray Monday. It was led by Alberta Premier Rachel Notley. She toured the area devastated by wildfires, praised first responders for their efforts, and vowed to rebuild lost str...
The White House has expressed concerns that the debt crisis confronting Puerto Rico could hamper its ability to deal with the spread of the Zika virus. The US says the financial turmoil in Puerto Rico is having a negative impact on its public health...
A man has attacked passengers with a knife at a train station in the Munich area of southern Germany. One person is dead and four have life-threatening injuries. German media said police had arrested the perpetrator and all the victims were men. Germ...
The interim speaker of Brazil's lower house of Congress Waldir Maranhao says he has reversed a decision to annul the impeachment of Brazilian President Dilma Rousseff. The move came after Senate President Renan Calheiros on Monday dismissed Maranhao'...
To start with the Philippines presidential election, where the outspoken mayor of Davao City, Rodrigo Duterte is leading in unofficial results. With 90 per cent of ballots counted -- Duterte has about two-fifths of the votes. More than any other cand...
The ceasefire in the northern Syrian city of Aleppo that was due to expire last night has been extended by 48 hours. The extension comes after nearly 300 deaths in the city since the end of last month. Increased violence wrecked the 10-week-old parti...
A mass rally and parade has been held in DPRK's capital a day after the Worker's Party wrapped up its first congress in 36 years. Hundreds of thousands of people were seen marching through the main ceremonial square. Participants in Pyongyang practic...
