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EU 'not backing down' on airline emissions in Chinese row (Feb 6)
BRUSSELS - The European Commission said Monday it will stand by a new law that imposes charges on airline carbon emissions after China banned its carriers from paying for such permits.


Australian billionaire threatens family ransom funds (Feb 6)
SYDNEY: Asia's richest woman, Australian mining magnate Gina Rinehart, threatened to axe her children's ransom insurance as a bitter legal dispute raged over a family trust, according to reports.


EU says China may become its biggest market this year (Feb 6)
BEIJING: The EU ambassador to China said Monday the Asian powerhouse could become Europe's biggest export market this year, overtaking the United States, as Beijing boosts domestic demand.


Indonesia posts 6.5% GDP growth in 2011 (Feb 6)
JAKARTA: Indonesia's gross domestic product grew by 6.5 percent in 2011 on the back of strong household consumption and private investment, a government official said Monday.


Boeing faces new problem with Dreamliner (Feb 6)
WASHINGTON: US aircraft manufacturer Boeing said on Monday it had discovered a manufacturing error that would require repairs in the fuselage section of some 787 Dreamliners.


Asian markets rise on strong US jobs data (Feb 6)
HONG KONG: Asian shares rose Monday, tracking gains on Wall Street after strong US jobs data but worries about Greece's unresolved debt crisis -- and default fears -- weighed on markets and the euro.


Oil prices lower in Asian trade (Feb 6)
SINGAPORE: Crude prices were lower in Asian trade Monday as concerns over the unresolved debt crisis in Greece outweighed worries about supply disruptions in the Middle East and Africa, analysts said.


Qantas chief slams 'pro-Australia' laws (Feb 6)
SYDNEY: Qantas chief Alan Joyce on Monday warned the airline would be forced to slash services and expressed "grave fears" for its future if proposed laws strengthening its ties to Australia went ahead.


Mitsubishi to end European production (Feb 6)
TOKYO: Japan's Mitsubishi Motors said Monday it would stop manufacturing automobiles in Europe by the end of 2012, blaming a difficult operating environment in the debt-hit continent.


China bars airlines from joining EU emissions scheme (Feb 6)
BEIJING: China said Monday it has banned its airlines from complying with an EU scheme to impose charges on carbon emissions opposed by more than two dozen countries including India, Russia and the United States.