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Egyptian protests continue despite military concessions
Thousands of Egyptians are continuing to occupy Cairo's Tahrir Square despite an offer from the military for a speedier handover to civilian rule.
Earlier, Field Marshal Hussein Tantawi, told the nation in a televised address that presidential elections will happen by July next year.
Tantawi also says the resignation of the country's cabinet has been accepted.
Many protesters say the concession was not enough and have demanded the field marshal step down.
"We will not leave, we are here until we see changes, but now nothing has changed, we will not be fooled. The previous president attempted to deceive the people but he failed and finally responded to our demands."
Libya's interim PM announces new cabinet
Libya's interim prime minister has announced a new transitional cabinet, the first key step towards forming an elected government.
Prime minister Abdel al-Keeb, who was elected by the NTC last month, has already drafted a line-up designed to try to avoid rivalries between regional factions within Libya.
The new government is being tasked with drafting a constitution and holding elections by next June.
U.N. human rights committee votes to condemn Syria
The U.N. General Assembly's human rights committee has voted to condemn Syria for its crackdown on pro-democracy protests.
The vote, drafted by Britain, France and Germany, is being backed by numerous nations, including a number of Arab states such as Bahrain, Saudi Arabia, and Egypt.
Russia and China have abstained from the vote. The two countries had vetoed a previous resolution in the Security Council to condemn Syria.
Pakistani ambassador to U.S. resigns over "memo"
Pakistan's ambassador to the United States has tendered his resignation.
Husain Haqqani is stepping aside in connection with allegations that he authored a memo requesting US assistance in trying to quell a suspected military coup in his country.
Haqqani has been accused of approaching then US Joint Chiefs Of Staff Chair Mike Mullen for help in keeping the powerful Pakistani Army from ousting the government in the wake of the killing of Osama bin Laden in Pakistan earlier this year.
U.S. Fed to stress test 31 banks against severe recession
The U.S. Federal Reserve says it would carry out a new round of stress tests next year on the nation's 31 largest financial institutions to determine whether they are well-capitalized to withstand a severe economic downturn.
It comes amid worries on the exposure of the country's financial institutions to the eurozone debt turmoil.
The U.S. central bank began to carry out its annual stress tests on the country's major financial institutions in 2009 in the aftermath of the global financial crisis.
U.S. says Kyoto Protocol not on its Durban agenda
The US special envoy for climate change, Todd Stern, says the Kyoto Protocol is not up for discussion for the United States in the new round of UN climate change talks in South Africa next week.
The Kyoto Protocol sets binding targets for nearly 40 industrialized countries and the European community for reducing greenhouse gas emissions from 2008 to 2012. Its first commitment period ends at the end of next year.
The U.S., which is not a party to the Kyoto treaty, has proposed developing a new regime of dealing with climate change that includes all major economies.
The upcoming UN climate conference is scheduled to be held in the South African city of Durban in late November to early December.
Five die in Hubei highway pile-up
Five people are confirmed dead in a pile-up accident on a fog-shrouded highway in central China's Hubei Province.
Two others have been hospitalized.
A bus collided with a truck on the highway, resulting in the pile-up which involved some 40 vehicles.
The highway has been partly closed.
PLA establishes strategic planning department
The Chinese People's Liberation Army has announced to establish a strategic planning department for the country's military.
The Central Military Commission says the move will help beef up the quality and efficiency of the military.
The new department is being tasked with studying key strategic issues and drawing up the development and planning for the military's growth.
China set to top online market
China is expected to overtake the United States as the world's largest e-commerce market by 2015, according to a report released by the Boston Consulting Group.
The report says China's e-commerce market is projected to grow at a compound annual rate of 33 percent to reach more than 2 trillion yuan or 314 billion US dollars in transaction value by 2015.
The number of e-commerce shoppers is expected to grow to 329 million during the same period.
Official data show China had 485 million Internet users by the end of June, of which 142 million shopped online.
中國將成為世界上最大的電子商務市場
波士頓咨詢集團發布的一份報告顯示,預計到2015年中國將取代美國成為世界上最大的電子商務市場,。
報告說,中國的電子商務市場預計以每年33%的綜合速度增長，2015年達到2千億元或314億美元的交易值。
電子商務購物者的數量在同一時期預計將增長到3.29億。
官方數據顯示, 在6月底中國有4.85億互聯網用戶,其中1.42億網上購物者。
詞語解釋：
1. Consult v. 咨詢
2. annual a. 每年的
