ISLAMABAD (Reuters) – Pakistan gave China access to the previously unknown U.S. “stealth” helicopter that crashed during the commando raid that killed Osama bin Laden in May despite explicit requests from the CIA not to, the Financial Times reported on Sunday. The disclosure, if confirmed, is likely to further shake the U.S.-Pakistan relationship, which has […]
China began on Wednesday to test its first aircraft carrier, The Washington Post reported. The carrier is a retrofitted former Soviet ship called the Varyag. It is considered the first step in China’s plan to eventually build a handful of carriers as part of a wider development of naval might. China bought the carrier from […]
London is reeling from three nights of rioting that’s poured hundreds of people into the streets, leaving several local neighborhoods in shambles. One man is dead, dozens injured and arrested. The protests have now spread to other cities, with violence reported in parts of Birmingham, Liverpool and Bristol. Great Britain and other parts of the world […]
NEW YORK/SHANGHAI (Reuters) – China bluntly criticized the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over. Standard & Poor’s cut the U.S. long-term credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns about the nation’s budget […]
After attending the summit of the Shanghai cooperation organization in Kazakhstan Russian president Dmitry Medvedev and his Chinese counterpart Hu Jin Tao flew to Moscow where they worked on a mammoth gas sale agreement from Russia to China guaranteed to provide the Chinese with energy security and Russia with hefty profits. The haggling over price […]
An impressive volume of patent filings conceals serious challenges to Beijing’s R&D aspirations. By ANIL K. GUPTA AND HAIYAN WANG Hardly a week goes by without a headline pronouncing that China is about to overtake the U.S. and other advanced economies in the innovation game. Patent filings are up, China is exporting high-tech goods, the West […]
By Michael Green and Daniel Twining Secretary of State Hillary Clinton is in India for a strategic dialogue that will focus on how China’s ascendance is transforming Asia. At her next stop, Indonesia, she is to hold trilateral consultations — U.S.-Japan-Korea and U.S.-Japan-Australia — on the margins of a broader regional forum. The Obama administration […]
The US is indebted mainly to …well.. Americans. Still, foreigners hold about 47 percent of the national debt, with China and Japan owning the biggest chunks, but not the majority. The U.S. owes somebody a whole pile of money. You knew that, right? Years of deficit spending have run up the national debt to a […]
The head of the Iranian regime is not the president, Mahmoud Ahmadinejad, but rather the Supreme Leader, the Ayatollah Ali Khamenei. The Iranian regime, according to its 1989 constitution, is […]
(Robert Johnson) Last year, the U.S. Navy bought 59,000 microchips for use in everything from missiles to transponders and all of them turned out to be counterfeits from China. The reports show the chips weren’t only low-quality fakes, they had been made with a “back-door” and could have been remotely shut down at any time, […]
