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China says US hacking claims faulty

May 30, 2013 11:44 am | by The Associated Press | News | Comments

Recent allegations of Chinese hacking of Pentagon defense programs are faulty and underestimate China's ability to produce its own defensive weaponry, the country's Defense Ministry said Thursday. Newly publicized claims allege that China employed cyberattacks to access data from nearly 40 Pentagon weapons programs...

Asia stocks post muted gains on improving US data

May 29, 2013 10:59 am | by PAMELA SAMPSON, AP Business Writer | News | Comments

Rising U.S. consumer confidence and home prices painted a picture of a rebounding economy, helping Asian stock markets to post muted gains Wednesday. Wall Street resumed its record-breaking rally on Tuesday after the Standard & Poor's/Case-Shiller survey found that U.S. home prices rose 10.9 percent in March, the most since April 2006.

US defense programs target of China cyber threat

May 29, 2013 10:58 am | by LOLITA C. BALDOR, Associated Press | News | Comments

New revelations that China used cyberattacks to access data from nearly 40 U.S. weapons programs and almost 30 other defense technologies have increased pressure on American leaders to take more strident action against Beijing to stem the persistent breaches.

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Australian lawmaker confirms China hacked spy base

May 29, 2013 10:53 am | by ROD McGUIRK, Associated Press | News | Comments

Chinese hackers stole the blueprints of Australia's new spy agency headquarters years ago and the breach has been dealt with since then, an opposition lawmaker said Wednesday in the first confirmation of media reports. "These events did take place some time ago," senior opposition lawmaker George Brandis told Sky News television...

Tightest job market ever for China's college grads

May 29, 2013 10:47 am | by DIDI TANG, Associated Press | News | Comments

While the job market in China is still much better than in many other parts of the world, 2013 is being billed locally as the worst for young graduates. A record number of them — about 7 million — are leaving universities and graduate schools to seek their first employment at a time when companies are hiring fewer people.

China premier warns EU over solar, telecom probes

May 28, 2013 10:36 am | by The Associated Press | News | Comments

Premier Li Keqiang, China's top economic official, has criticized the European Union for pursuing anti-dumping cases against Chinese solar power and telecommunications equipment that he warned will hurt both sides. In a speech in Swizerland, Li said the action will hurt European consumers and might encourage trade protectionism...

Plans for Australia spy HQ hacked by China

May 28, 2013 10:31 am | by ROD McGUIRK, Associated Press | News | Comments

Australian officials on Tuesday refused to confirm or deny whether Chinese hackers had stolen the blueprints of a new spy agency headquarters as a news report claims. A tiny party essential to the ruling coalition's government demanded an inquiry into how much damage may have been done.

SKorea idles 2 nuke plants after cable tests faked

May 28, 2013 10:29 am | by YOUKYUNG LEE, AP Business Writer | News | Comments

South Korea has idled two nuclear power plants after finding that test results for crucial control cables were falsified in a new blow to an industry mired in a graft scandal and safety lapses. South Korea's trade and energy ministry said Tuesday a company contracted to conduct tests fabricated the results for cables...

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Online sign language service makes life easier for the deaf

May 28, 2013 10:28 am | by The Associated Press | News | Comments

An Internet-based sign language service launched by a university student a few years ago is finding its way into hotels, restaurants and other public places. The service involves a notebook or tablet computer through which a hearing-impaired person at, say, a shoe store, speaks in sign language to an interpreter...

Korean consumers snapping up new generation laptops

May 28, 2013 10:18 am | by GFK | News | Comments

Normal traditional laptops may not be attractive enough to appeal to the more tech savvy consumers these days. The latest and more sophisticated laptop models such as the ultra-thin and hybrid types which come packed with advanced features in slimmer frames are becoming increasingly popular with Korean consumers...

The long road to the 2000-watt society: How sustainable is Switzerland?

May 24, 2013 10:02 am | by EMPA | News | Comments

The vision of a society in which each inhabitant of the earth manages to consume only 2000 watts has already been around for 15 years. During this time, there has been a steady increase in environmental awareness in the West. Technology has become more efficient and there appears to be very little standing in the way of a sustainable lifestyle.

Taiwan cuts growth forecast on muted export demand

May 24, 2013 9:46 am | by The Associated Press | News | Comments

Taiwan has lowered its economic growth forecast for 2013 to a muted 2.4 percent as global demand for the island's electronics exports remained subdued. In February, the government predicted 3.6 percent growth this year. The economy grew 1.3 percent in 2012.

Sanyo may sell stake in Chinese joint venture

May 24, 2013 9:37 am | by The Associated Press | News | Comments

Sanyo Electric a group company of Panasonic, is considering selling a stake of about 30 percent in its joint venture in the eastern Chinese province of Anhui, sources familiar with the matter said Wednesday. U.S. home appliance maker Whirlpool Corp. is one of the companies interested in buying the stake...

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NYU researchers took bribes from Chinese group

May 23, 2013 12:52 pm | by The Associated Press | News | Comments

Three New York University researchers from China divulged results from a U.S.-funded study to Chinese competitors in exchange for tuition, rent and other expenses, federal prosecutors said Monday. Zhu Yudong, a U.S.-educated NYU professor, and Yang Xing, a lab engineer, were released on bail after appearing in court...

Sony mulls hedge fund's entertainment sale idea

May 22, 2013 10:42 am | by ELAINE KURTENBACH, AP Business Writer | News | Comments

Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked about the proposal at a corporate strategy presentation Wednesday.

Softbank to revise or cancel Hokkaido megasolar power plant

May 21, 2013 10:04 am | by The Associated Press | News | Comments

Softbank Corp. may revise or cancel its plan to build three megasolar power plants in Hokkaido as Hokkaido Electric Power Co. has rejected its electricity sales application, industry sources said Tuesday. The local utility in April vowed to limit its electricity purchases from solar power plants to 400,000 kilowatts...

SKorea analyzing NKorea's 4 projectile launches

May 20, 2013 10:48 am | by HYUNG-JIN KIM, Associated Press | News | Comments

South Korea is analyzing whether projectiles North Korea fired into its eastern waters over the weekend are short-range missiles or a new type of artillery the country may be developing, officials said Monday. North Korea fired what Seoul officials called a short-range projectile Sunday, a day after conducting three similar launches.

Smartphone sector sees vibrant performance in Southeast Asia

May 20, 2013 10:47 am | by GFK | News | Comments

Consumers in Southeast Asian markets continue to snap up mobile handsets at a rapid pace, propelling the region’s overall mobile phone market to expand further in the latest 12 months by 14 percent in value and 8 percent in units. Declining demand for basic feature phones are met by the corresponding spike in smartphone sales...

Japanese reactor said to stand on fault line

May 16, 2013 10:10 am | by HIROKO TABUCHI, Associated Press | News | Comments

Seismologists said Wednesday that a nuclear reactor in Tsuruga, in western Japan, stands above an active seismic fault, a finding that could lead to the first permanent shutdown of a reactor since the Fukushima crisis two years ago. Japan’s newly installed Nuclear Regulation Authority also said...

Japan watchdog to halt test reactor over safety

May 15, 2013 12:11 pm | by MARI YAMAGUCHI, Associated Press | News | Comments

Japan's nuclear watchdog announced Wednesday that the nation's trouble-plagued next-generation test reactor will not be allowed to restart due to safety violations, dealing a setback to the country's pro-nuclear government. The Nuclear Regulation Authority's decision is the latest blow to the Monju fast-breeder reactor and Japan's nuclear fuel cycle program.

EU: China may be dumping mobile network equipment

May 15, 2013 11:57 am | by The Associated Press | News | Comments

A senior EU official says China may be illegally dumping and subsidizing the import into Europe of mobile telephone networks and their essential elements. But Competition Commissioner Karel De Gucht says an official investigation, while approved by the European Commission, won't be launched now as officials seek an amicable resolution.

NKorea nuke arsenal seen as matter of when, not if

May 10, 2013 11:04 am | by FOSTER KLUG, Associated Press | News | Comments

After three nuclear tests of apparently increasing power and a long-range rocket launch that puts it a big step closer to having a missile that can carry a nuclear warhead to American shores, many believe that in a matter of years — as little as five, maybe, though the timeframe is a point of debate — Pyongyang will have a very scary nuclear arsenal.

Huawei founder gives first ever media interview

May 9, 2013 11:17 am | by NICK PERRY, Associated Press | News | Comments

During 26 years at the helm of Chinese tech giant Huawei, founder Ren Zhengfei has never once agreed to be interviewed by a journalist. Until Thursday. During a visit to the company's New Zealand operations, Ren sat down with four local journalists at a Wellington hotel. The rules were strict: no international media, no photos.

China denies renewed US cyberattack claims

May 7, 2013 11:23 am | by The Associated Press | News | Comments

China's military on Tuesday denied renewed U.S. accusations that it sponsored cyberattacks and said the two sides should cooperate against the global threat of computer crime. The accusations in the latest Pentagon report on the Chinese military are "irresponsible and harmful to the mutual trust between the sides..."

Nintendo turns to smartphone apps for its consoles

May 6, 2013 11:13 am | by The Associated Press | News | Comments

Nintendo Co. is trying to enable users of its game consoles to enjoy popular smartphone applications on their devices in a bid to boost sales and return to profitability on an operating basis in the current business year, company sources said Saturday.

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