Indonesia has ordered officials to eat local street food at meetings instead of fancy foreign fare and stop holding lavish parties, in the latest moves by the new government to crack down on bureaucratic excess.
The standard "peacemaker" in this highland Peruvian provincial capital is a whip fashioned from the twisted sinew of a bull penis. It gets a lot of respect. So do the well-organized bands of citizen vigilantes who wield it.
French lawmakers were scheduled to debate a motion on Friday urging the government to recognize Palestine as a state, amid growing European frustration at the moribund Middle East peace process.
Retail fuel prices are expected to be cut for a ninth consecutive time since July on Saturday as the government reacts to declining international crude prices, industry sources said on Thursday.
China is likely to become a net exporter of oil products this year as domestic refiners continue to request export quotas, said international commodities data provider Platts.
Wal-Mart Stores Inc, the world's largest retailer, has dismissed around 20 mid- and senior-level executives and closed stores in China as part of a restructuring aimed at countering growing pressure from local rivals and online retail sales.
The surge in Chinese equity trading that coincided with market peaks in 2009 and 2010 is back again after the Shanghai Composite Index jumped to a three-year high.
Prices of more than 2,700 drugs will soon be determined by the market, rather than the government, as China gets ready to roll out its ambitious drug pricing reform plan, industry sources said on Thursday.
Concerns by Europe's top funds watchdog that the landmark Hong Kong-Chinese mainland trading link may not adequately protect investors are preventing thousands of funds from buying Shanghai stocks, threatening the success of the project, market participants told Reuters.
Irene Rosenfeld hardly has the air of being one of the world's 50 most powerful women. Watching her rolling a suitcase to the boardroom one could easily mistake her as one of the several executives getting ready to pop in for a quick meeting or a conference call at the Mondelez International Inc office in Shanghai.
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