After years of the United States wearing the coveted crown China is now ranked the world's largest economy based on purchasing power parity, according to recent GDP data released by the International Monetary Fund.
The IMF explains the purchasing power parity measure it used to estimate the new figures here.
According the IMF, the purchasing power parity measure is a type of cross-country comparison that looks beyond the nominal value of money and focuses more on what you can actually get for it. So for example, if a hamburger is sold in London for £2 and in New York for $4, it would suggest a PPP exchange rate of one pound to two U.S. dollars. more >>
North Korean leader Kim Jong Un hasn't been seen in public for over a month, sparking questions and a wide-range of rumors around his disappearance.
USA Today noted on Tuesday that rumors include a possible coup; that the 31-year-old leader is facing health problems; or that there is a low-grade civil war in the Pacific nation.
North Korea has given no explanation as for why Kim, who regularly makes public appearances, has not been seen for over four weeks now. The last reports showed him attending a music concert with his wife, Ri Sol Ju, on Sept. 3. more >>
Hong Kong pro-democracy protests continued Wednesday on China's National Day, as massive crowds swarmed the streets of the Asian financial hub.
The protesters are calling for the resignation of Hong Kong Chief Executive Leung Chun-ying, who refused to meet with them, The Associated Press reported. The demonstrators want to see the Chinese leadership agree to broader electoral reforms.
China's National Day, also marked in Hong Kong, traditionally celebrates the anniversary of the founding of communist China in 1949. CNN said that helicopters flew over the crowds as part of the ceremony carrying the Hong Kong and Chinese flags, with the latter noticeably bigger. more >>
City Harvest Church finance manager Sharon Tan reportedly broke down on the stand during the trial of six church members, including Pastor Kong Hee, who are accused of misusing more than $19.2 million of funds for the popstar career of Kong's wife, singer Sun Ho.
The prosecution said in a cross-examination of Tan that emails have shown that she intended to cover up the Singapore megachurch's payments to Xtron Productions, the company behind Ho's career.
Tan's cross-examination wrapped up on Monday, Channel News Asia reported, with the prosecution arguing that she had conspired with other church leaders to execute a series of "round-tripping transactions." more >>
North Korean leader Kim Jong Un, who didn't show up in a meeting at Pyongyang's parliament for the first time since his father's death, is sick, according to North Korean authorities. Kim, known to be one of the world's most ruthless dictators, has gained weight and is reportedly under extreme stress.
North Korean authorities admitted Friday for the first time that the nation's 31-year-old leader was suffering from an "uncomfortable physical condition," according to The Guardian.
"We expected to see him at the Supreme People's Assembly, because he had attended that session every time," CNN quoted Yoo Ho-Yeol, a professor of North Korean studies at Korea University in Seoul, as saying. "So we are speculating that he might have problems in his health." more >>
A Christian pastor accused of blasphemy was shot dead by police in a Pakistani jail in Rawalpindi. A persecution watchdog group has said this is the latest incident of blasphemy laws being used to commit human rights violations.
"This is a barbaric act," Xavier Williams of Life for All told The Express Tribune. "There had been threats. The court should have instructed police to ensure Bhatti's safety."
Zafar Bhatti had been imprisoned at Adiyala jail since 2012, The Express Tribune reported. His 70-year-old cellmate, Muhammad Asghar, who has a history of mental illness, was wounded in the shooting attack. Asghar has also been accused of blasphemy in the heavily Muslim country. The men had been receiving death threats both from guards and fellow prisoners. more >>