In a nation where homes and farmland are routinely chewed up for the sake of high rises and factories, a grass-roots campaign by Nanjing residents this spring to save hundreds of the trees, known here as the wutong, has led to a surprising compromise from local government officials. The NYT reports.
Wal-Mart Stores said Friday its board has approved a new share buyback program worth $15 billion to replace its existing program.
Aluminum will average $2,700 per ton for the year, the deputy chief executive of Rusal, the world’s largest aluminum company, told CNBC in an interview Friday.
Extreme weather conditions can push food prices, already on a high in Asia, further north. In 2011 regional inflation could be close to 5 percent, provided there is no sudden spike in the year.
Secretary of State Hillary Clinton ratcheted up pressure on the Chinese Thursday over allegations of spying on the personal email accounts of top-level US officials. The Chinese government disavowed any involvement in the latest incident and sought to cast suspicion back on Google’s motive for disclosing the alleged attack.