President Hu Jintao has stepped aside as Communist Party leader to clear the way for Vice President Xi Jinping to take the helm in China. Another four-star general engulfed by Petraeus sex scandal amid 'love pentagon'
WASHINGTON – The salacious David Petraeus sex scandal grew ever wider Tuesday as yet another four-star general became caught up in an FBI investigation ironically set in motion by the Tampa socialite at the heart of the latest eye-popping revelations.
Analysis: China turns to machines as farmers seek fresh fields
BAOQUANLING, China (Reuters) – China needs to replace millions of workers who have quit f arms for cities, but even its vast state power might not be able to transform the countryside into a network of big industrial farms capable of feeding its growing economy. Pulling together small plots of land to make larger operations and introducing modern mechanical techniques would help boost productivity, vital if China's agricultural sector is to meet soaring domestic food demand. … SingTel sees first revenue fall in 14 years on Australia weakness
SINGAPORE (Reuters) – Singapore Telecommunications Ltd forecast its first drop in annual revenue in 14 years after it posted a weaker-than-expected quarterly profit, hit by tough competition in its key Australian market. SingTel, Southeast Asia’s largest telecommunications firm by market value, relies on Australian unit Optus for two-thirds of its revenue, but competition with the likes of Telstra has grown increasingly fierce amid slowing growth in that country’s mobile market. …
Marlins send batch of pricey players to Toronto: reports
(Reuters) – A blockbuster baseball trade sending high-salaried players Jose Reyes and pitchers Josh Johnson and Mark Buehrle from the Miami Marlins to the Toronto Blue Jays was close to completion, numerous local media outlets reported on Tuesday. Final details of the trade were not yet available as neither team was offering official comment, while the official Major League Baseball website mlb.com said baseball officials were still poring over terms of the deal. The trade, first reported by FOX Sports, would shed some $160 million from Miami’s payroll commitments. …
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