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China Proposes Panama Canal Alternative

China has unveiled an ambitious plan that would see it spend 7 and a half billion dollars on the construction of a 490 mile railway, that would serve as an alternative to the Panama Canal! The railway would stretch across the country from the Pacific to the Caribbean Sea, and is aimed at encouraging the shipment of goods between Asia and Latin America.

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North and South Korea Exchange Artillery Fire

North versus South all over again. Asian tensions are escalating as North and South Korea have exchanged artillery fire close to their disputed western border. At least 50 shells landed on the South Korean island of Yeonpyeong mostly aimed at a military base. The North is adamant in claiming that it was the south that opened fire first.

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