latest world business news

UN talks in Cancun have reached a deal to curb climate change, including a fund to help developing countries. Nations endorsed compromise texts drawn up by the Mexican hosts, despite objections from Bolivia. The draft documents say deeper cuts in carbon emissions are needed, but do not establish a mechanism for achieving the pledges countries have made. Some countries' resistance to the Kyoto Protocol had been a stumbling block during the final week of negotiations. However, diplomats were able to find a compromise. Delegates cheered speeches from governments that had caused the most friction during negotiations - Japan, China, even the US - as one by one they endorsed the draft. BBC environment correspondent Richard Black said the meeting did not achieve the comprehensive, all-encompassing deal that many activists and governments want. But he said it was being "touted as a platform on which that comprehensive agreement can be built". Mexico's Presiden...

2010 Nobel Peace Prize awarding ceremony held in Oslo, Norway on December 10, 2010 in absence of Liu Xiaobo. View 2010 Nobel Peace Prize awarding ceremony

China could face economic and social crises if it fails to embrace full civil rights, with consequences for the whole world, the Nobel Committee said yesterday in prepared remarks for a ceremony awarding the Peace Prize to Chinese dissident Liu Xiaobo. The awarding of the prize to Liu, serving an 11-year sentence for subversion, has infuriated Beijing as the rising Asian power becomes more assertive on the world stage. It has attempted to use diplomatic pressure to discourage countries from attending the ceremony in Oslo. Norwegian Nobel Committee Chairman Thorbjoern Jagland said Liu wanted to dedicate his Nobel to "the lost souls" of 1989 when troops crushed pro-democracy protests in Tiananmen Square. Witnesses and rights groups said hundreds were killed. "We can to a certain degree say that China, with its 1.3 billion people, is carrying mankind's fate on its shoulders," Jagland said in the prepared speech. "If the country proves capable of develo...

Nobel laureate is absent as he is imprisoned by the Chinese Court. This happens after 75 years in the world in the history of Nobel Prize that the Nobel Prize winner is barred to receive the prize by the government of the country.

The Nobel Peace Prize 2010 awarding ceremony. No single person of China could show an encouragement to receive the award on behalf of Mr. Liu Xiaobo of China at the awarding ceremony held at Oslo in Norway on December 10, 2010.   It may be mentioned here that Mr Xiaobo is now under imprisonment in China Jail. Nobel laureate Liu Xiaobo , democracy spokesman in China, is serving an 11-year prison sentence in China on subversion charges brought after he co-authored a bold call for sweeping changes to Beijing's one-party communist political system .

Thousands of hackers have stepped up their first ever Cyber World War to draw support for WikiLeaks and to stop repression on Julian Paul Assange , the founder of the Wikileaks on Thursday(December 9, 2010). The Swedish government's website was forced offline after a group calling itself " Anonymous " vowed to intensify its " war of data " against Mastercard, Visa and other groups which have blocked funding to WikiLeaks. Organisers of the group said thousands of volunteers had joined the defence of WikiLeaks and its founder Julian Assange, who is in jail in London on an extradition request from Sweden over sex crimes allegations. "This is a war of data, we are trying to keep the Internet open and free for everyone, just the way the Internet has been and always was," said a spokesman for Anonymous, a man with a British accent calling himself " Coldblood ". Anonymous is a loose-knit group of hacktivists politically motivated hackers. It...

Time is knocking . Stage is set for awarding Nobel Peace Prize 2010 . But the central of attraction, the Chief Guest will not be present. He is in jail. He is hearing the sounds and shows of the ceremony. However, the ambassadors, royalty and VIPs to take their seats in Oslo's modernest City Hall on Friday for the Nobel Peace Prize ceremony, there will be one chair left empty for this year's winner Mr. Liu Xiaobo. Chinese authorities have placed Liu's supporters, including his wife Liu Xia , under house arrest to prevent anyone from picking up his prize. Nobel laureate Liu Xiaobo , democracy spokesman in China, is serving an 11-year prison sentence in China on subversion charges brought after he co-authored a bold call for sweeping changes to Beijing's one-party communist political system . On Thursday, Chinese police surrounded Liu's house in Beijing. Officers guarded the entrance to the residential compound and checked the identities of all who entered...