October 01, 2008 24/7 News Coverage the second hyperpower
Ping An insurance deal may not go through: Fortis
The Hague (AFP) Sept 30, 2008
Embattled Belgian-Dutch bank and insurance group Fortis said Tuesday the planned 2.15 billion euro (3.0 billion dollars) sale of half its asset management arm to China's Ping An Insurance is unlikely to go through. "Fortis announces that it expects not to be able to complete the asset management partnership with Ping An. Fortis Investments will remain, as at present, 100 percent owned by ... read more
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    Heinz stops buying Chinese milk products
    Washington (AFP) Sept 30, 2008
    US food group Heinz said Tuesday that it had decided to stop buying Chinese milk for use in its products there in the wake of a giant tainted milk scandal that has left 53,000 children ill. "In order to reassure consumers about the safety of Heinz products, Heinz has made the strategic decision to switch our milk supply in China and Hong Kong to non-Chinese sources and we are testing all ... more

    China hails spacewalk 'heroes' and sets eyes on moon
    Beijing (AFP) Sept 29, 2008
    The first Chinese man to walk in space was hailed as a national hero Monday, as the emerging space power gave one of its clearest indications yet that it is now reaching for the moon. Mission commander Zhai Zhigang, 41, and his two fellow astronauts arrived in Beijing to mass-circulation papers filled with praise for their historic 68-hour voyage on board the Shenzhou VII spacecraft. ... more

    Taiwan, China eye talks in October: report
    Taipei (AFP) Sept 29, 2008
    Taiwan and its rival China are expected to hold a second round of negotiations next month following historic talks in June, a newspaper reported Monday. The discussions will focus on direct cargo flights and shipping links as well as the shortening of the existing flight routes across the Strait, the United Daily News said, without identifying its sources. The two sides held landmark ... more

    Death toll of August landslide in China rises to 41: state media
    Beijing (AFP) Sept 29, 2008
    The death toll from a landslide in northern China rose to 41 after rescuers found 12 bodies on Monday, state media reported. Four people remain missing from the disaster, which happened in Sigou village in Shanxi province on August 1, the official Xinhua news agency said. The landslide occurred in an iron ore mining area, and it was difficult to know the number of missing since many of ... more

    Cadbury recalls China-made sweets from Hong Kong, Australia
    Hong Kong (AFP) Sept 29, 2008
    British sweet maker Cadbury said Monday it had recalled its China-made chocolates from Hong Kong, Taiwan and Australia after tests "cast doubt" on their safety. In the latest fallout from the toxic milk scandal, which has sickened some 53,000 Chinese babies, Cadbury said it had carried out internal tests on products made at its Beijing plant. "As a result of these tests... we have ... more

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    China astronauts return as heroes after historic spacewalk
    Beijing (AFP) Sept 28, 2008
    Three Chinese astronauts returned safely to Earth on Sunday after making the country's first spacewalk, with a hero's welcome awaiting the men whose exploits captivated the nation. The descent capsule of the Shenzhou VII mission was seen on state television drifting gently down under a giant red and white parachute to an empty plain in northern China's Inner Mongolia region. Cheers ... more

    Good Grades For Shenzhou 7
    Sydney, Australia (SPX) Sep 29, 2008
    The completion of the Shenzhou 7 space mission has been a major achievement for China. The principal goal of performing China's first spacewalk was accomplished without major problems. Observers are calling the flight a success, and for good reason. If we look at the mission more closely, China has gained more from the flight than just a spacewalk. China's astronauts and mission planners ... more

    China spacewalk fires national pride
    Beijing (AFP) Sept 28, 2008
    China's first successful spacewalk triggered an outpouring of national pride on Sunday, with ordinary citizens and state-run media hailing it as a historic national achievement. "Following the Soviets and Americans, the black-haired and yellow-skinned Chinese have now left a footprint in space," declared a Beijing Youth Daily commentary, which also evoked the words of US astronaut Neil ... more

    Beijing Control Center Achieves Real Time Control Of Multiple Space Missions
    Beijing (Xinhua) Sep 29, 2008
    As China's third manned spaceship Shenzhou-7 moved into orbit on early Friday, the country has unprecedentedly fulfilled a mission of controlling more than one space vessels in real time, namely the Shenzhou-7 and the lunar probe. It marks a major breakthrough in China's aerospace control development, said Zhu Mincai, director of the Beijing Aerospace Control Center (BACC), the nerve ... more

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    An African Arms Bazaar Part Two
    Moscow (UPI) Sep 26, 2008
    China is actively operating in the African market because other leading arms exporters, including Russia, tend to neglect the region. But judging by the countries involved in Africa Aerospace and Defense-2008, this is not exactly so. Beijing also takes advantage of the fact that Africa cannot afford to buy expensive, high-tech equipment offered by Paris, Berlin, Brussels, Washington an ... more

    Typhoon Jangmi slams into Taiwan
    Taipei (AFP) Sept 28, 2008
    Hundreds of people evacuated their homes as Typhoon Jangmi pounded Taiwan with strong winds and heavy rain on Sunday, causing a major landslide and forcing the cancellation of flights. Forecasters warned of possible flash floods saying Jangmi, the sixth and biggest storm to hit Taiwan this year, could unleash up to 1400 millimetres (56 inches) of rainfall in some areas. High-speed rail ... more

    Under Mao and Deng, milk was unknown in China
    Beijing (AFP) Sept 28, 2008
    The toxic milk scandal in China could never have happened under Mao Zedong or Deng Xiaoping, as dairy products only landed on Chinese dinner tables when the nation began opening up to the outside world. Westerners visiting China 20 or 30 years ago were hard pressed to find dairy products, and were only able to drink yoghurt out of a straw from a stone pot carved with Chinese characters ... more

    Italian police bust Chinese imports in operation 'Toxic Shoes'
    Rome (AFP) Sept 26, 2008
    Italian police said Friday they had confiscated some 1.7 million counterfeit shoes made with leather containing illegal toxins, most of them from China. Operation "Toxic Shoes" began in May and 21 Chinese and seven Italians are now being prosecuted for selling counterfeit products and threatening public health, a police spokesman told AFP. Shoes containing hexavalent chromium compounds ... more

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