Chinese state run media corporations CCTV, Xinhua news agency and People's Daily will receive 45 billion yuan (US$6.58 billion) from the central government to expand their news services. It's part of what party officials call waixuan gongzuo "overseas propaganda". One project is to develop a 24 hour ...

Prime Minister Taro Aso announced Japan would pledge over $17 billion in aid to help Asian countries cope with the global financial crisis in an address Saturday at the annual World Economic Forum in Davos, Switzerland. This move is a break from former prime minister Junichiro Koizumi's vow ...

The Indonesian government has announced plans to promote biofuel as an alternative energy source, saying it will pay subsidies in an effort to boost this new industry. The government also plans to make biofuel mandatory over 2009. Crude oil prices are at a current low, making biofuel products significantly ...