World Bulletin / News Desk
Japan's Toyota Motor Corp. on Tuesday suspended some of its car production operations in China after anti-Japan protests flared across China in response to a territorial row between Tokyo and Beijing.
Beijing-based spokesman Hitoshi Yokoyama said in a text message sent to Reuters that the Japanese auto maker has decided to halt manufacturing and other operations, jointly run with its two Chinese partners, to "ensure employee safety."
He declined to elaborate and provide information on which plants are being affected by the move Tuesday. He did not say how long the suspension would last.
Toyota and its partners manufacture automobiles in the southern China city of Guangzhou, the eastern city of Tianjin, as well as the northeastern city of Changchun.
AIM TO SELL 1 MILLION CARS
The company aims to sell 1 million cars in China this year, up from the nearly 900,000 cars it sold last year.
The Toyota move follows a string of anti-Japan protests that have erupted in China over the last several days. Over the weekend, Toyota and other Japanese-brand outlets in Qingdao were torched by angry demonstrators.
Hundreds of Japanese businesses and the country's embassy suspended services in China on Tuesday, as anti-Japan protests threatened to reignite and drag a territorial dispute between Asia's two biggest economies deeper into crisis.
The WTO has lurched from one disappointment to another over the past decade as it tries to find a balanced trade deal that all its members, now numbering 160, could support.
Saudi Oil Minister Ali al-Naimi said he expected the oil market "to stabilise itself eventually" but did not comment on talks with Russia held on Tuesday
Ergun Olgun, the Turkish Cypriot negotiator, said their own exploration would continue and even accelerate if Greek Cypriots pressed ahead with their plans to allow multinationals to exploit the area.
The decision to devalue the naira, according to analysts and central bank figures, appears aimed at saving the country's dwindling foreign reserves
Oil market watchers are divided on the outcome of OPEC's meeting in the Austrian capital. Predictions range from a large production cut to revive prices, to a small reduction, or none at all
The proliferation of smugglers' routes into Bolivia shows how difficult it is to eradicate illegal mining without better coordination across frontiers.
Falling crude prices are fueled by slowing global growth and increased supply.
Ukraine's leading banks said most of their loans to Crimean individuals and businesses were now delinquent.
Deputy Energy Minister Jaime Himende said that "Mozambique has great hydroelectricity potential, and recently they have taken some bold steps to use renewable resources efficiently"
Obama, who hosted Modi in Washington in September, will in January become the first U.S. president to visit India twice, completing a remarkable warming in the relationship
The combined damage inflicted on Russia's economy by Western sanctions and falling oil prices totals about $140 billion.
PM Mahlab said that Egypt eyes sustainable growth to improve the living conditions of Egyptians, noting that the Egyptian economy is currently recovering.
The French economist calls for redistribution of global wealth, which he says is too concentrated in the hands of the few.
Bank cites high financing costs and financing difficulties as challenges that need to be addressed to sustain growth.
Smuggling is denying Tanzania some 80 percent of receipts accrued from the precious gemstone
The Africa initiative will create "one huge free-trade union" allowing foreign investors in Egypt to more easily reach 260 million consumers from South Africa to Ethiopia.