
China is losing its edge as the world's cheapest place to manufacture goods, a new report suggests. Indonesia and Bangladesh are benefiting most as rising costs in China force firms to switch production, it says.

US Treasury Secretary Timothy Geithner drew a cool response from EU policymakers when he urged them to leverage their bailout fund to better tackle the debt crisis and to start speaking with one voice.

Marriages between whites and blacks in the United States have become less infrequent, going from being relatively rare 30 years ago to comprising a notable percentage of such unions, a study published Thursday found.

The British government has issued new guidance for the food industry on the use of food label dates amid growing concerns at the amount of food that is wasted each year by UK households.

The name of the Royal Navy's newest, most capable Astute Class submarine has been formally announced Friday, HMS Anson. She’s the fifth in her class, and is being named after Admiral of the Fleet George Anson (1697-1762) who is noted for his circumnavigation of the globe and his role overseeing the Royal Navy during the Seven Years' War.

Police in London have arrested a 31-year-old man in connection with allegations of unauthorised trading which has cost Swiss banking group UBS an estimated 2bn dollar (£1.3bn).

German Chancellor Angela Merkel bluntly rejected Euro zone bonds as a solution to the currency area's sovereign debt crisis, saying that collectivizing debts would not solve the problem.

Two people have died in a fire that broke out in the engine room of a Norwegian fjord cruise ship, forcing hundreds to evacuate and injuring up to a dozen. The ferry had 262 people on board, of which roughly 200 were passengers.

It has been a news-headlines plagued Miss Universe pageant, both before and after, that finally crowned beauty queen Leila Lopes, Angola’s first in Sao Paulo.

Opposing fans give Real Madrid forward Cristiano Ronaldo a hostile reception because he is rich, handsome and a great player, the Portuguese said after Wednesday's 1-0 Champions League win at Dinamo Zagreb.