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...million, six-year trial, which involved more than 16,000 people in Thailand - the largest AIDS-vaccine trial ever conducted - found that an experimental vaccine was 31% effective in preventing HIV infection. The volunteer group in the study was representative of the general Thai adult population, including low-risk, heterosexual adults. Calling the results of the trial a "significant scientific advance," officials at the World Health Organization said the results reinvigorated the stalled quest for a vaccine against AIDS, which is estimated to kill some 2 million people globally each year. (See the top 10 medical breakthroughs...
CSX’s Beacon Park railyard has long served as one of the primary and largest entry points for freight shipping to New England. Under Wednesday’s agreement, which reportedly is to be implemented over the next few years, the State will pay $100 million to CSX to take over various railroad tracks and railyards, including those in Allston. The acquisitions are expected to improve and expand commuter rail service in and around Boston...
When Japan Airlines (JAL) switched from glass wine bottles to plastic ones in coach class earlier this year, passengers took it as just another sign of the humbling of the country's once-proud flagship carrier. But far greater humiliations were in store for Asia's largest airline by revenue. Beset by a steady erosion of its customer base, high cost structures and a $15.4 billion debt load, JAL lost about $1 billion last quarter and projects a loss of about $700 million for this fiscal year. With nowhere else to turn, JAL CEO Haruka Nishimatsu this week met with...
...year, China invites the high and mighty from around the world to address the weighty issues of the day at a plush resort. The theme of the conference was "Green China," and if there was a single underlying idea, it was that China, having just become the world's largest emitter of CO2 gases, was going to jump wholeheartedly on the global bandwagon to combat climate change. But on the conference's final day, during the main event and keynote address, President Hu Jintao talked about China's commitment to economic reform, to maintaining its extraordinary pace of economic growth...
...policy. If Merkel manages to form her preferred coalition with the FDP, the new government would be less likely than the current grand coalition to intervene to bolster big industry, choosing to stimulate the economy instead with tax cuts and investment incentives. As Germany is the world's fourth largest economy and second biggest exporter, its economic management is of global concern. And with little change expected to Germany's foreign policy, the rest of the world will likely pay closer attention to possible shifts in the economic and finance ministries than those at the very top of government...