Brazil's hugely popular President Luiz Inacio Lula da Silva is to step down in a lavish ceremony ushering in his successor and protegee, Dilma Rousseff.
China has ordered local officials to fine property developers as Beijing cracks down on hoarding that has been blamed for driving up real estate prices.
A giant Antonov cargo plane crashed during a training exercise in central Russia, leaving all 12 military pilots aboard the aircraft missing and presumed dead.
Vietnam Television has launched the 2011 Folk Singing Festival to discover new original folk melodies peculiar to each region as well as prominent folk singing voices.
US chain Wal-Mart has invested in Chinese e-commerce consumer electronics seller 360buy.com, as the world's largest retailer steps up its presence in China.