The company's first new model in Japan in about 10 years will hit the market in February. Prices start at around 240,000 dollars.

The vehicle is produced in the US state of Ohio. It has a hybrid system with a 581-horsepower engine and 3 electric motors to achieve powerful acceleration and high fuel economy.

After it debuted in 1990 in Japan, the NSX, with its powerful engine and aluminum body, became popular. But production was halted due to an economic slump and tighter environmental regulations.

Honda President Takahiro Hachigo says the automaker's principle is to continue making daily-use cars and those that focus on the joy of driving. He says reintroducing the NSX will help make the Honda brand more attractive.

Sports cars are becoming popular among young people and veteran drivers.

Competition in the market is heating up. Honda's domestic rivals Toyota and Nissan have also launched new models.

The group led by an astronomer at Queen Mary University of London used an observatory in Chile to study the fixed star, Proxima Centauri, first from 2000 through 2008 and again this year.

The team found that the planet 1.3 times the mass of Earth is orbiting the star. The group said the distance from Proxima Centauri allows liquid water to exist on the surface of the planet.

Numerous planets have been discovered beyond our solar system. But this is the first time that a planet similar to Earth has been found circling the star closest to Earth.

The team said currently available observation equipment is insufficient to establish whether the planet has water, an atmosphere, and other elements necessary for life.

Astronomers from the group hope a new space telescope, to be launched by the US space agency NASA next year or later, will help determine the existence of life on the planet.

China National Petroleum Corporation (CNPC) registered a nearly 97.9 percent decline in its net profit, making only 531 million yuan (almost 80 million U.S. dollars), while China National Offshore Oil Corporation (CNOOC) saw a loss of 7.74 billion yuan.

However, the oil yields of CNPC and CNOOC rose 1.7 percent and 0.6 percent year on year, respectively.

Another oil giant, Sinopec Group has yet to release its half-year financial report.

According to the balance, Mongolia is expected to harvest 501.0 thousand tons of grain, of which 482.1 thousand tons of wheat, 174.7 thousand tons of potatoes, 117.5 thousand tons of vegetables, 32.5 thousand tons of oil plants, and 43.4 thousand tons of fodder plants.

It has been estimated that 320 thousand tons of wheat is required for producing flour which fully provides the country’s needs a year. By the balance, the country is possible to provide the domestic needs with flour produced from wheat to be harvested in this autumn.

The Ministry of Food, Agriculture and Light Industry reported that six thousand tons of fuel is expected to be needed for harvesting works.

Representatives expressed their willingness to expand cooperation in strengthening democracy, and good governance while fighting against corruption.

The meeting was attended by Meloney Lindberg, The Asia Foundation’s country representative, Suzanne E. Siskel ,Executive Vice President and Chief Operating Officer, Gordon Hein, Senior Vice President, Programs, Sagar Prasai, Country Representative, India, Dianna Fernandez, Deputy Country Representative, Mongolia.

The Obama administration warned the EU that the investigation could “create an unfortunate international tax policy precedent.” According to the document from the US Treasury, Brussels is taking on the role of a “supranational tax authority” overriding the tax codes of its member countries.

“This shift in approach appears to expand the role of the Directorate-General for Competition beyond enforcement of competition and state aid law . . . into that of a supranational tax authority that reviews member state” decisions on corporate tax, it said.

The US also criticized Brussels for setting unfair and “disturbing” precedents and singling out US companies.

Apple has been accused of funneling billions of dollars into Ireland, known for its lucrative tax rates. JP Morgan, which is working for Apple, said the tech company could face a bill for $19 billion in a worst-case scenario.

Amazon and McDonald's are also being investigated by the EU, while Starbucks faces back taxes of up to €30 million.