Ignoring warnings North Korea continues to fire projectiles

PYONGYANG - North Korea continued to fire short range projectiles into waters off its east coast for a third straight day on Monday, officials here said, despite warnings from the US and South Korea against increasing tensions. The North has conducted six such firings since Saturday, in what are believed to be tests of short-range guided missiles or rockets from multiple launchers, officials ...

India and China agree to boost trade and paper over border differences

NEW DELHI - India and China Monday played down a recent border stand-off and agreed to maintain peace along their disputed boundary as well as boost economic relations. Chinese Prime Minister Li Keqiang, who decided to make India the first stop of his maiden foreign jaunt as premier, stressed that the population of the two nations comprised one third of the world. Both countries have ...

Former Pakistani military dictator Musharraf granted bail

ISLAMABAD, Pakistan - Former Pakistani military dictator Pervez Musharraf was Monday granted bail in a case related to the assassination of ex premier Benazir Bhutto. Musharraf has been under house arrest because he is accused of failing to provide adequate security for Bhutto who was murdered in a bomb and gun attack in December 2007 while campaigning for elections. The assassination ...

Carriers Maintain Asia-Med Capacity Despite Euro Crisis

Ocean carriers are paying a heavy price for failing to rein in capacity on the Asia-Mediterranean route despite the deepening economic crisis across southern Europe, according to shipping consultant Drewry.Traffic is stalling, freight rates have tumbled more than 40 percent since the beginning of the year and ships are sailing half full on the eastbound leg to the Far East."Unsustainable ...

Asia Society Appoints Josette Sheeran As New President

- Sheeran to Bring World Leadership and Diplomatic Experience To Broaden Asia Society's Global Initiatives NEW YORK, May 21, 2013 /PRNewswire/ -- Today Asia Society announced the appointment of Josette Sheeran, the Vice Chair of The World Economic Forum, as the seventh President and CEO of the institution. Ms. Sheeran will assume the office on June 10. "Josette Sheeran is a proven ...