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...through which Hong Kong banks can begin settling cross-border trade transactions in yuan for selected Chinese companies. This step will likely increase the use of yuan in Hong Kong, one of the world's premier financial centers. (The program also solidifies Hong Kong's role as China's chief financial hub.) This step follows a series of "swap agreements" concluded with foreign countries that allow their central banks to acquire yuan for use in trade with China. So far this year, the Chinese central bank has inked six such agreements - with nations including Argentina, Malaysia and Indonesia - totaling...
...jointly declared on July 3 that member states would defy the International Criminal Court's order to arrest Sudanese President Omar Hassan al-Bashir, who was charged in March with committing war crimes and crimes against humanity in Sudan's Darfur region. Libyan leader Muammar Gaddafi, the A.U.'s chief, said the ICC, based in the Hague, represents a "new world terrorism" and blamed prosecutors for targeting the continent. Several African states, including Botswana, have expressed discomfort with the A.U. declaration and said they would uphold ICC orders...
...demand for merchandise. He also explains how charging even a penny can scramble consumer psychology and sketches a blueprint for competing with juggernauts, like Google, that have harnessed the force of a unique digit--"the hole where the price should be, the void at the till." The editor in chief of Wired magazine and best-selling author of The Long Tail, Anderson capitalizes Free into a concept whose meaning sometimes crumples under his sweeping pronouncements. By his calculation, however, a flawed book remains a savvy bet--not least because the publicity will boost the author's brand on the lecture...
...transplant fanbases go, the Padres might be the worst. The military is one of the chief industries about town—as proven by the fact that the Padres were wearing their desert camo unis yesterday—and thus a large majority of the fans are not from San Diego...
...human-rights commission said it wanted to display high-profile suspects now instead of waiting for an International Criminal Court (ICC) intervention. The report comes a week after former United Nations chief Kofi Annan handed over an undisclosed document to the prosecutor of the ICC, Luis Moreno-Ocampo. Said the report: "The prosecutor of the ICC should open investigations on Kenya to determine who bears the greatest responsibility in the commission of crimes against humanity detailed in this report...