Ronaldo admits most World Cup infrastructure shelvedFootball legend Ronaldo, a member of Brazil's World Cup organizing committee, said Thursday that only 30 percent of the infrastructure projects undertaken for the tournament would be completed.
China plans to build world's longest underwater tunnelChina plans to build the world's longest underwater tunnel, an expert involved in the project told AFP Friday, a $36 billion shortcut between two northern port cities in an earthquake-prone region.
Australia gives environmental nod to $5.7 bln coal projectWaratah Coal on Saturday welcomed the Australian government's approval of its $6.4 billion (US$5.7 billion) Galilee coal project, as conservationists warned the decision threatened the environment.
Tokyo to launch $53.8 bn stimulus packageTokyo will announce a spending package worth almost $54 billion on Thursday, media reports said, in a bid to offset a tax hike that comes into effect next year and which critics fear will derail Japan's economic recovery.