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The economic power moves from West to East

This time a year ago, the world was reeling from the collapse of Lehman Brothers and the multi-billion dollar rescue of Merrill Lynch and insurance firm AIG.
But for Joern Schuetumpf, a German publisher, life was looking up.
Mr Schuetumpf, director of Karl-Dietz, was revelling in the increase in sales of one of his books which was [...]

ASEAN leaders argue over shape of Asian Union

Asia’s moves toward an EU-style community covering half the world’s population have sparked a backroom power play led by the United States, China and Japan, diplomats and analysts said Monday.
Leaders at a summit of 16 nations meeting in Thailand at the weekend heard the prime ministers of Australia and Japan set out competing visions for [...]