Pakistan School Siege Ends, 141 Dead
Pakistan's army has confirmed 141 people died, including 132 children, in the attack on the Army Public School in its northwest city of Peshawar on Tuesday.
Nine staff members were killed and an additional 121 students and three staff members were wounded.
A military spokesman confirms the rescue operation has been completed, saying seven attackers, all wearing explosives vests, died in the assault.
Tehreek-e-Taliban, a Pakistani militant group trying to overthrow the government, has claimed responsibility for the attack.
The Taliban said the attack is in revenge for government raids in Pakistan's northwest, which has reportedly left hundreds of Taliban militants dead.
The school attack has drawn condemnations from around the world.
Sydney hostage taker's extradition request rejected by Australia: Iran
Iran's Police Chief Ahmadi Moghaddam has claimed that his country had demanded the extradition of the Sydney hostage taker over fraud charges in 2000, but was rejected by Australian authorities.
It's reported that Australia accepted Man Haron Monis as a refugee around that time.
50-year-old Monis held a number of people hostage for 16 hours at a popular Sydney café.
He and two hostages were killed in a barrage of gunfire when police stormed the site.
Memorial activities have been held in downtown Sydney near the spot of the tragic siege to honor the two deceased hostages.
China to extend $10b credit line to ECC countries
Chinese Premier Li Keqiang has said China wants to seek new models of financing investments in central and east Europe with a 10-billion-dollar credit line and a new investment fund of 3 billion U.S. dollars.
He made the remarks while addressing the China-Central and East Europe summit in Belgrade, Serbia, on Tuesday.
Trade between China and the region, which has expanded five-fold since 2003, is high on the agenda of the two-day summit.
After the summit, Li Keqiang will pay an official visit to Serbia.
Then he will fly to Thailand, the last leg of his three-nation trip.
Sino-U.S. Investment Treaty Sees major Progress
China and the United States are conducting final checks on a bilateral investment treaty and will formally exchange negative lists at the beginning of next year.
The two countries both wish to complete negotiations within President Barack Obama's term in office.
The treaty negotiations are considered the most important issue in the two nation's economic relationship.
Talks on the treaty began in 2008 as both countries sought to increase mutual investment, which only accounted for a tiny share of their overseas investment.
Last year, bilateral trade volume increased to 520 billion U.S. dollars, and outstanding two-way investment rose to 100 billion.
China's second IPR court opens in Guangzhou
China's second intellectual property rights court has opened in the southern city of Guangzhou.
The court will hear civil and administrative lawsuits regarding patents, new plant varieties and technological knowledge.
It will hear IPR cases from all over Guangdong Province except for Shenzhen City, so the whole province will follow the same standard.
IPR cases in Guangdong accounted for nearly 30 percent of the country's total last year, an increase from some 21 percent in 2009.
The coutry's first IPR court was set up in Beijing last month and took up its first case on Tuesday.
A similar court in Shanghai is slated to be opened by the end of this year.
Baidu to Invest in Taxi-Hailing App Uber
Chinese search engine giant Baidu is expected to enter into a partnership with American car services company Uber.
The deal will see Baidu put 600 million US dollars into Uber to help the latter expand its business in China.
Earlier this month, Uber announced it had secured an investment worth 1.2 billion dollars.
The company also claims that it now boasts a market value of 40 billion dollars.
Jeb Bush says to "actively explore" U.S. presidential run
Jeb Bush, brother of former US President George W Bush, has announced he is looking into running for president in 2016.
The former Florida governor wrote on Facebook that he will "actively explore the possibility of running for President."
Bush has pro-immigration views, an issue likely to top the 2016 campaign.
The announcement marks the first major Republican candidate to make a formal move toward announcing candidacy for the 2016 presidential nomination.
Former First Lady and US Secretary of State Hillary Clinton is currently the frontrunner for the 2016 Democratic ticket.
U.S. denies Philippine request to turn over its Marine
The United States has denied a request by the Philippines government to turn over a US Marine who is accused of murdering a transgender person.
Citing the Visiting Forces Agreement between the two countries, the US Embassy in Manilla has stated that "the United States has a right to retain custody of a suspect from the commission of the alleged offenses until the completion of all judicial proceedings."
But the embassy has also assured the Philippines government that it will cooperate with local authorities working the case.
19-year-old private Joseph Pemberton is accused of murdering 26-year-old Jeffrey Laude, also known as Jennifer, in October.