China and Indonesia vowed here Monday to step up the strategic partnership to a higher level. During the talks between visiting Chinese Vice Premier Li Keqiang and Indonesian Vice President Yusuf Kalla, the two sides also agreed to further the bilateral cooperation in fields such as energy and infrastructure construction. Li also offered a six-point proposal aiming at promoting the bilateral cooperation, according to a press release from the Chinese Foreign Ministry, which included: firstly, to formulate a comprehensive and feasible plan to promote the pragmatic cooperation between [more]

Due to objections of anti-trust regulators, Google Inc. announced on Wednesday that it has pulled out of its advertising partnership with Yahoo. The retreat represented another setback for Yahoo, which had been counting on the Google deal to boost its annual revenue by 800 million U.S. dollars and placate shareholders still incensed by management's decision to reject a 47.5-billion-dollar takeover bid from Microsoft Corp. nearly six months ago. Anti-trust regulators had tried to block the partnership for fear that the alliance would give Google too much power over on-line commerce. [more]