港人反对，销售税推动骤停

Hong Kong had planned on introducing a sales tax of 5% on good and services, and an extensive television and print ad campaign tried to convince Hong Kong citizens that such a tax would help their economy, but the administration is dropping the plan

中美战略经济合作会谈

The United States and China held two days of talks in Beijing on economic policy with no conclusive results. After the US trade deficit with China reached a record $24.4 billion recently, many Americans feel that the Chinese keep the value of the yu

停止开发Torcetrapib 辉瑞制药暴跌

New York City-based Pfizer Incorporated, the world's largest pharmaceutical company, has stopped research on torcetrapib, a drug they hoped to sell to treat heart disease. The drug was supposed to raise levels of what is known as good cholesterol. T

英镑对美元升值达到26年来最高峰

The British pound's value reached its highest point against the US dollar in 26 years. On Tuesday, the pound was worth two United States dollars for the first time since 1992, and the dollar later slipped to its lowest point against the pound since

2007年第一季度丰田汽车全球销量第一

For the first quarter of 2007, Toyota sold 2.35 million cars, more than any other auto maker in the world. U.S. company General Motors had held the title of world's top auto seller since 1931, not counting two brief periods in the 1970s and 1980s wh

苹果电脑推出新手机改名苹果公司

After redefining the MP3 player market with their iPod, Apple Computer is moving into the mobile phone market with a new product that they call the iPhone. (Network technology giant Cisco Systems is suing Apple over the use of the name iPhone, which

贝克汉姆高价转会

Former captain of the English national football team David Beckham is moving to Los Angeles this summer to play with the LA Galaxy team in the United States Major League Soccer league. As the biggest star ever to play in this league, the 31-year-old

国内国外企业统一25%所得税

For over twenty years, China has encouraged foreign investment by charging foreign corporations a tax rate as low as 15% while local businesses had to pay 33%. After mounting complaints from Chinese companies, the country's legislature has changed t

壳牌伊朗开发计划或遭美政府制裁

The energy company Royal Dutch Shell and the Spanish energy company Repsol have signed a multi-billion dollar deal with Iran's state oil company to develop gas fields in the Persian gulf, but the deal may lead to sanctions from the United States. Ru

澳门2006年博彩业大丰收

Macau, a special administrative region of the People's Republic of China, had more gambling revenue in 2006 than the Las Vegas Strip, making it the biggest gambling center in the world. Located on China's south coast, Macau is only ten square miles

中国央行提高银行准备金防止潜在危机

China's central bank has raised the reserve requirement for banks in order to cut back on the amount of lending currently taking place in that country. Their economy was growing so quickly that many worried that a financial crash would come before t

跨国企业卷入商业贿赂风波

The Shanghai Daily newspaper reported that 22 company directors and senior employees of multinational corporations such as McDonald's, McKinsey Consulting, and Whirlpool have been detained as part of a bribery investigation. Four Chinese computer ne

德国制药商默克要收购Serono

Merck of Germany announced plans to buy Swiss Pharmaceutical company Serono for 10.6 billion euros. Earlier this year Merck failed to acquire German competitor Schering, and recently pharmaceutical companies such as GlaxoSmithKline and Novartis had

意大利电信公司收购美国在线子公司

This week's good news for Italian telecommunications company Telecom Italia is that they are buying AOL's biggest subsidiary for 675 million euros: AOL's German division, which has over one million DSL subscribers. This fits well with Telecom Italia

美国烟草公司又遭集体诉讼

A US judge has given approval for a class action suit by American cigarette smokers against several tobacco companies for deceptive advertising. The suit, which seeks damages of up to $200 billion, claims that advertising for cigarettes sold as ligh

通用汽车不会加入雷诺-日产联盟

US auto maker General Motors will not become part of the Renault-Nissan alliance. Instead of continuing their negotiations until October 15th, as they had announced, GM chief executive Rick Wagoner called Carlos Ghosn, who runs French auto company R

网上赌博寻求美国国外玩家

The growing international business of online betting is looking for customers outside of the United States. Although the US has been the largest market for Internet gambling companies, a new bill just passed by Congress in that country has made it i

索尼笔记本电池也出问题

The problems that Dell, Apple, Toshiba, Lenovo, and other laptop makers have had with Sony battery recalls have finally caught up with Sony. That plus development costs for their upcoming PS3 video game machine gave Sony a 94% drop in profits for th

IMF新加坡年会 (2)

In their annual meeting in Singapore with the World Bank, the International Monetary Fund has voted to give increased voting shares to China, South Korea, Mexico, and Turkey. Some countries, including India, Argentina, Egypt, and Brazil, said that t

加拿大金矿公司合并

Two Canadian mining companies are merging to become the world's third-largest gold mining company. Goldcorp and Glamis Gold will become a single company named Goldcorp worth about $21.3 billion. (The largest gold mining company, Barrick Gold, is als