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China to fire 1.8 mn people in coal, steel sector

Beijing, Feb 29 (IANS) China is planning to lay off 1.8 million workers from the coal and steel sector owing to industrial overcapacity, Minister of Human Resource and Social Security Yin Weimin announced on Monday….











Chinese yuan weakens

Beijing, Feb 29 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, weakened 114 basis points to 6.5452 against the US dollar on Monday, according to the China Foreign Exchange Trading…





21 killed in Somalia blasts

Mogadishu, Feb 29 (IANS) At least 21 people were killed and several others injured in twin expositions in Baidoa town in Bay region of southern Somalia on Sunday, police and witnesses said. Mohamed Olow, a…



Four killed in Iraq car bombing

Baghdad, Feb 28 (IANS) At least four people were killed and 13 others injured in a car bomb explosion in the capital of Baghdad on Sunday, the Interior Ministry said. The incident occurred when a…