China

China has successfully tested a weapon of mass destruction, capable of destroying London and other European cities in just 30 minutes.  The long-range nuclear ballistic missile, called the Dongfeng-41, is thought to the world’s most powerful to-date and can carry up to 10 warheads over a distance of 7,450 miles – making it capable of destroying several cities at once in just 30 minutes flat. Mirror.co.uk reports: This would mean Beijing could destroy the whole of London – which is slightly more than 5,000 miles from the Chinese capital – or wipe out any city in the West.

"The market is moving so quickly, yesterday felt just like the stock market in June last year before the crash," warns one Asian trader reflecting on the chaotic rush of Chinese speculators into the industrial metals commodities market Echoing the frenzy that fueled China's parabolic stock market rise (and subsequent collapse), Bloomberg notes one local China broker admits "we’ve seen a lot of people opening accounts for commodities futures recently," adding rather ominously, "the great ball of China money is moving away from bonds and

While the IEA has been urgently pushing an agenda of the oil market "rebalancing" in coming months in order to validate rising oil prices, the reality is that there are two parts to the equation: demand and supply.

Just hours after we reported that a "mysterious illness" resulting from inhalation of toxic chemical fumes was causing hundreds of school children to fall ill in China's Jiangsu Province, we're now learning that a massive chemical explosion and fire has taken place in the same province.

A powerful explosion struck a storage facility housing hazardous chemicals in China’s Jingjiang province on Friday, causing a huge ongoing blaze. A plume of black smoke has been rising from the storage reservoir engulfed in flames. RT reports: The factory stores chemicals and petrol. China’s media outlet 163.com says there are a total of 42 reservoirs at the oil processing facility where the explosion occurred. There have been no immediate reports about any injured or dead in the incident so far.