PORTUGAL | Loan default rate hits highest level since 1998

Loan defaults by Portuguese families last May reached the highest level since 1998, according to the Bank of Portugal’s Statistical Bulletin published Tuesday in Lisbon. The bulletin said that nonperforming loans

US, China vow to improve cooperation

Bradley Klapper, Beijing The United States and China vowed yesterday to improve their economic and security cooperation, saying they wouldn't let persistent differences over maritime claims, cyberhacking and currency hamper a

Tibetan activist gets home arrest as Kerry arrives

Didi Tang, Beijing A well-known Tibetan writer said yesterday that she and her husband have been placed under house arrest in Beijing as China plays host to U.S. State Secretary John

Rejected! Yao Ming says no to wildlife trafficking

The former NBA star, a Chinese basketball icon, is working with top American and Chinese officials to stamp out global trade in endangered species and their parts. Yao, who retired from

China inflation eases to 2.3 percent in June

China's inflation rate eased to 2.3 percent in June as politically sensitive food prices softened, government data released yesterday showed. Inflation remains below the 3.5 percent annual target set by the

Auto sales cool in June

Car sales in China cooled in June, with domestic brands falling further behind their foreign rivals in the world's biggest auto market, an industry group reported yesterday. Passenger vehicle sales rose

Powers differ on global plan to cut emissions

Louise Watt, Beijing China and the United States took small steps toward their shared goal of fighting climate change yesterday, but the world's No. 1 and No. 2 carbon emitters remain

Finance minister Lou says it’s up to US to drive global economy

China's finance minister said that the country is not planning any new stimulus measures and it is up to the United States to drive the global economy. Lou Jiwei said that

INDONESIA | Both rivals claim victory in election

Niniek Karmini, Jakarta According to the three most reputable quick-count surveys, soft-spoken Jakarta Gov. Joko Widodo won the election in Southeast Asia's largest economy with 52 percent of the vote, but

THAILAND | Raid by police exposes human trafficking ring

A raid at a palm plantation in southern Thailand exposed a ring that trafficked Myanmar's ethnic minority Rohingya Muslims into the country, police said yesterday. The raid on Saturday came two

World Cup entangled with Mideast conflicts

Barbara Surk, Beirut With the World Cup in faraway Brazil coming at a time of unprecedented sectarian violence and soaring tension in the Middle East, some Arab football fans have been

Israel hits key Hamas targets in Gaza offensive

The Israeli army yesterday intensified its offensive on the Hamas-run Gaza Strip, striking Hamas sites and killing at least 14 people on the second day of a military operation it

This Day in History: 1985 – Rainbow Warrior sinks after explosion

One of the 11 crew members on board has been killed. He has been named as Portuguese photographer Fernando Pereira, 33. Two explosions, 60 seconds apart, ripped through the stern at

Offbeat: US farmer loses phone, found on Japanese island

U.S. farmer Kevin Whitney thought his iPhone was lost for good when it fell into a grain elevator last year. Eight months later, his phone was returned unscathed after it

HISTORY IN THE MAKING | Germany routs Brazil 7-1, reaches final

Chris Lehourites Sports Writer, Belo Horizonte With Neymar out injured, just about everyone in Brazil knew it would be tough against Germany. Nobody ever expected this. The Germans tore apart Brazil's porous defense time

Scolari apologizes for WCup failure: “Worst day of my professional life”

Brazil coach Luiz Felipe Scolari apologized to fans for failing to lead the host to the World Cup final, saying the "catastrophic" defeat to Germany marked the "worst day" of