MOSCOW, August 8 (RIA Novosti) - Russia's strategic aviation started Wednesday an active phase of military exercises to fly over the North Pole and conduct test launches of cruise missiles, an Air Force spokesman said.
China"s Zhejiang Geely Holding Group signed a $1.8-billion deal with Ford Motor Co. on Sunday to acquire the U.S. auto giant"s Volvo car unit, the Xinhua news agency said.
Russia dismissed on Monday reports that world powers had made new offers to Iran on uranium reprocessing in a bid to defuse growing tensions over the Islamic Republic"s nuclear program.