The United Arab Emirates backed off a threat to cut key services on BlackBerry smart phones Friday, just days before the ban was set to take effect.
Japanese Prime Minister Naoto Kan's Cabinet on Friday approved an emergency stimulus plan to the tune of 5.1 trillion yen ($61.3 billion) in a bid to boost the nation's economic recovery by combating persistent deflation and a surging yen, whilst supporting local governments and small businesses.
Shares of Adobe soared in heavy trading Thursday on a report that Microsoft CEO Steve Ballmer discussed a possible buyout of the company.
The Japanese government has decided on a draft of fresh stimulus package worth about 5.05 trillion yen ($61.3 billion) on Friday morning to spur the country's economy.
Developing countries are expected to account for half of worldwide growth in the years ahead, but bank lending and high food prices remain stumbling blocks for some developing world economies, according to the World Bank.
China's 4-trillion-yuan ($600 billion) stimulus package and fast economic growth will continue to help Italy crawl out of Europe's debt woes, Italy's chief trade commissioner in Beijing told China Daily.
Facebook says unspecified site issues caused the social-networking site to be slow or unavailable for some of its 500 million users.
European and Asian leaders on Monday called for the completion of the quota reform of the International Monetary Fund (IMF) by the upcoming G20 summit late next month.
South Korea's finance minister will fly for Washing D.C. to attend the annual International Monetary Fund-World Bank meeting, planning to chair a committee meeting and delivering a keynote speech there, the finance ministry said Tuesday.
Japan's central bank cut its key interest rate to virtually zero Tuesday and said it may set up a $60 billion fund to buy government bonds and other assets in a surprise move to inject life into a faltering economy.
Premier Wen Jiabao urged participants at the eighth Asia-Europe Meeting (ASEM) on Monday in the fight to recover from the global financial crisis.
Wen calls for advancing Asia-Europe cooperation
Asian and European leaders launched the 8th Asia-Europe Meeting (ASEM) summit in Brussels on Monday, with global financial and economic governance and sustainable development high on the agenda.
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