(MENAFN - AFP) China's yuan currency extended its downtrend against the dollar on Wednesday to hit a 16-month low, despite the country's central bank fixing its trading point for the unit at a higher level.
The unit fell to as low as 6.2458 to the dollar in the morning, its weakest level since December 2012. That compared with Tuesday's close of 6.2370, according to the ...
(MENAFN - AFP) Prime Minister Tony Abbott announced on Wednesday the purchase of 58 more F-35 Joint Strike Fighters costing Aus$12.4 billion ($11.6 billion) in a major defence upgrade to maintain Australia's regional edge.
The new aircraft will bring Australia's total JSF force to 72, with the first due to arrive in 2018 and enter service in 2020.
(MENAFN - AFP) From Steve McQueen to "The Fast and the Furious", the Mustang has long cruised through American pop culture, but Ford is hoping its snarling sports car will find a new generation of fans as it turns 50: in China.
Launched in 1964 at an event on top of the Empire State Building, the Mustang quickly became a byword for cool among America's youth, who loved ...
(MENAFN - AFP) A French school has turned down the rare chance to train North Koreans in the proud Gallic art of cheese-making.
The head of the Ecole Nationale d'Industrie Laitiere, which specialises in the hard mountain cheeses North Korean leader Kim Jong-Un is said to favour, told AFP she received a visit from two North Korean officials last month.
(MENAFN - AFP) French economist Thomas Piketty's book on income inequality soared Tuesday to the top of online retailer Amazon's best sellers.
Already running in Amazon's top 100 since the English version, "Capital in the Twenty-First Century," was released last month, Piketty's book climbed past hit books like "Frozen", "Game of Thrones" and "Heaven is for Real, which ...
(MENAFN - AFP) General Motors asked a US bankruptcy court to bar most suits filed over its faulty ignition system, arguing its 2009 court-approved bankruptcy reorganization shields it from liability in most cases.
In papers filed late Monday, GM said it is not seeking protection from suits over the 13 fatalities and other injuries linked to the defect.