Airline industry group IATA warned on Monday global profits would more than halve in 2012 owing to surging oil prices and the eurozone crisis, with European carriers suffering losses of $1.1 billion.

India on Monday came under sharp attack for the recent hike in charges at Delhi airport and major delays in building new airports and strengthening infrastructure, with airlines' body IATA saying t

High oil prices and the unresolved European debt crisis hitting the financial bottomline of the global aviation industry would be the major focus of debate at the World Air Transport Summit beginning

Eleven people were killed and 59 others injured in a pile up on a highway caused by collision of several vehicles in eastern China.

Several vehicles collided into another on a section of expressway

The world's airline bosses meet from Sunday in Beijing, with talks likely to be dominated by a bitterly opposed carbon tax, the European debt crisis and the perennial headache of high oil prices.

The

China's annual consumer inflation cooled faster than forecast to two-year lows of 3 per cent in May, helping explain the central bank's move to cut interest rates this week for the first time since th

India and China on Thursday decided to hold crucial talks on cross-border rivers in July, amid New Delhi’s concerns over depletion of water levels in Brahmaputra, the lifeline of the Northeast.

Making a strong pitch for its full membership in the Shanghai Cooperation Organisation, India today said it sees a larger role for the security grouping in Afghanistan and evinced keen interest in par

Global cheers over China's decision to cut interest rates faded on Friday as investors and economists worried that the move signalled the impending release of grim economic data.

China's surprise rat

China's President Hu Jintao called on his Iranian counterpart on Friday to be 'flexible and pragmatic' ahead of talks on Tehran's nuclear programme, the state Xinhua news agency said.

Hu also urged M