Economists are viewing China's monetary policy in 2015 as the next beacon in directing global capital flows, as the US dollar strengthens and the Japanese yen weakens.
In an age when China's Internet sector is already being dominated by multi-million dollar giants such as e-commerce conglomerate Alibaba Group Holding Ltd, it is becoming increasingly difficult for entrepreneurs to start something from scratch and build it into the next industry heavyweight.
China, the world's leading coal producer and consumer, has begun to levy resource tax on coal based on sales prices instead of production from Dec 1, in a move to shore up the industry and improve the deteriorating environment.
Strapped to the underside of a train, 23-year-old Ali Arzin from Afghanistan had hoped to cross the border of crisis-hit Greece into Macedonia and eventually reach another EU country.
An all-women theater group has found an ingenious way around a sales tax increase that is crippling Spanish theaters - by selling pornography.
Australia will continue to pay for climate change adaptation in vulnerable South Pacific island nations out of its own foreign aid budget rather than donate to the United Nations' Green Climate Fund, which was designed for the same purpose, the country's foreign minister said on Friday ahead of climate talks in Peru.
The melting of glaciers in the Andes mountain range is a threat to the population of countries including Bolivia and Peru, said Nilda Rojas, head of the National Council of Ayllus and Markas of Qullasuyu, on Thursday.
Tens of thousands of people fled coastal villages and landslide-prone areas in the central Philippines on Friday, as Typhoon Hagupit bore down on eastern coasts of the island nation, where thousands were killed in a devastating storm last year.
Militants in disputed Kashmir attacked an Indian army camp on Friday, triggering a fierce gunbattle that left 11 Indian troops and six suspected assailants dead, officials said.
When Ruqayya Parveen's husband dumped a jug of acid on her and her children as they slept, she awoke to a life of pain and disfigurement - one that many in conservative Pakistan believe she brought upon herself.
Australia on Friday further tightened its immigration laws, introducing controversial temporary visas for refugees that offer no rights to permanent settlement.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
