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At least seven people were feared dead after a highway tunnel collapsed on Sunday in eastern Japan, trapping them in their vehicles and starting a fire that filled the passage with thick, black smoke.

Shin Cheol-soo no longer sees his future in the United States. The South Korean businessman supplied components to American automakers for a decade. But this year, he uprooted his family from Detroit and moved home to focus on selling to the new economic superpower: China.

North Korea announced Saturday that it will send a long-range rocket into space this month, trying to make up for a public relations disaster in April when a much-hyped launch failed.

The garment factory in Bangladesh where a weekend fire killed at least 112 people had been making clothes for Wal-Mart without the giant U.S. retailer's knowledge, Wal-Mart said. Wal-Mart said the Tazreen Fashions Ltd. factory was no longer authorized to produce merchandise for Wal-Mart but that a supplier subcontracted work to it "in direct violation of our policies."

China's official news agency says the country has successfully landed a fighter jet on its first aircraft carrier.

The Indian economy is likely to have grown at 5.5 % in the July-September quarter, posing a "difficult situation," the country's federal finance minister, P. Chidambaram, said Saturday. "When growth declines to 5.5% as it has in the first quarter [April-June] of this financial year and when the growth is likely to be around 5.5% in the second quarter of this financial year, it goes without saying we are facing a difficult situation," Mr. Chidambaram told a bankers' conference in the Western Indian city of Pune.

China's "Beijing Blues" has won the best film award at Taiwan's Golden Horse Film Festival, an event considered the Chinese-language Oscars. Hong Kong's Johnnie To is taking home the best director's award. "Beijing Blues" portrays the lives of the ordinary urban dwellers through the work of a squad of plainclothes crime-hunters.
At Saturday's ceremony, To won the award for directing "Life Without Principle," a movie about ordinary citizens' struggles in hard economic times.

Bharti Airtel's mobile-tower unit plans to raise around $800 million by selling a 10% stake via an initial public offering next month... Bharti Airtel, India's largest mobile-phone-services company by revenue and users, and other investors in the mobile-tower unit are looking to capitalize on improving foreign sentiment toward India. This follows steps announced by the federal government in September, aimed at encouraging foreign investment in sectors like retail and insurance.

Ahn Cheol-soo, a computer software mogul who was widely seen as a top contender for the presidency, threw his support behind a fellow liberal who has championed aggressive engagement with North Korea.

The Indian joint venture of Wal-Mart Stores Inc has suspended its chief financial officer and other employees as it investigates alleged violations of U.S. anti-bribery laws, a development that could hamper India's efforts to open its domestic supermarket sector to foreign investment.