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Google threatens to quit China

Internet giant Google Inc on Tuesday made a shock threat to quit China, the world’s biggest Internet market by number of users, after hackers accessed human rights activists’ e-mail accounts.

“These attacks and the surveillance they have uncovered — combined with attempts over the past year to further limit free speech on the Web — have led us to conclude that we should review the feasibility of our business operations in China,” Google chief legal officer David Drummond said in a statement.

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PRC surprises with early increase in bank reserve ratio

China yesterday raised the proportion of deposits that banks must hold in reserve in the clearest sign yet that it has started to tighten monetary policy with its economy roaring back to the brink of overheating.

The 0.5 percentage point increase in the reserve requirement ratio (RRR) will take effect on Monday and will apply to all banks apart from rural credit cooperatives, the People’s Bank of China said on its Web site.

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Newsflash

Tibetans and supporters mark the 54th Tibetan National Uprising Day near the Eiffel Tower in Paris on March 10, 2013.

DHARAMSHALA, March 11: The Tibetan national flag was raised in more than 1200 German cities and towns on Sunday to mark the 54th Tibetan National Uprising Day.

Tibet advocacy group, Tibet Initiative Deutschland, in a release today said that Tibet demonstrations were also carried out in more than 20 cities all over Germany.