| July 31, 2008 | ![]() |
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Walker's World: Why world trade stalled Amsterdam, Netherlands (UPI) Jul 29, 2008
The failure of the Doha Round of the world trade talks, for the third time in a row, means the looming global economic slowdown is going to be rather worse than it might have been and that developing countries will suffer the most. World merchandise exports, which had been growing at an average 8 percent a year from 2004 to 2007, are down to 4 percent growth this year and dropping fast.
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Trade justice and green groups welcome WTO failure
Paris (AFP) July 30, 2008Anti-globalisation lobby groups and environmental charities united Wednesday in welcoming the collapse of the WTO talks in Geneva, with Greenpeace calling it "no loss." Negotiators gave up on a deal late Tuesday night after nine-days of fraught talks -- after nearly seven years of seeking a deal in the so-called "Doha" round of liberalising global trade subsidies and tariffs. "It's a ... more India, China: top trade powers, different styles
Geneva (AFP) July 30, 2008Top negotiators from India and China displayed sharply different operating styles at just-ended WTO trade talks here: Indian Trade Minister Kamal Nath happily obliged reporters with corridor comment while Chinese counterpart Chen Deming steered well clear of the limelight. But both were blamed in some circles for Tuesday's breakdown in a nine-day marathon effort to forge a deal to free up ... more Dismayed powers urge salvaging of wrecked WTO talks
Geneva (AFP) July 30, 2008World trading powers appealed on Wednesday for efforts to salvage WTO proposals amid regret and emotion at the collapse of nine-day marathon talks, and warnings that the poorest countries will suffer. "I would only urge the Director-General (of the WTO) to treat this as a pause, not a breakdown, to keep on the table what is there," Indian Commerce Minister Kamal Nath said the morning after ... more Capstone Turbine To Develop Solar Powered Microturbine
Chastsworth CA (SPX) Jul 31, 2008Capstone Turbine has announced that it has received an order from HelioFocus for the development and modification of Capstone Turbine's C65 MicroTurbine to operate on solar energy. Founded in 2007 and headquartered in Ness Ziona, Israel, HelioFocus Ltd. is engaged in the development of modular, high efficiency Concentrated Solar Power (CSP) systems. These systems will convert sunlight to ... more Carmanah And ENCOM Offer Wireless Solar-Powered Traffic Beacons Solar technology provider Carmanah Technologies has partnered with ENCOM Wireless Data Solutions to add a wireless interface capability to its line of stand-alone solar-powered traffic beacons. According to Richard Chesson, Carmanah Vice President, Marketing and Business Development, this arrangement represents the next step in the evolution of Carmanah's solar powered LED (light emitting ... more |
ENERGY TECH
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New York NY (SPX) Jul 31, 2008Oil prices have breached record highs, electricity grids are creaking, and geographies from Australia to the American southwest face severe water stress. This October, an elite group of corporate executives, start-up CEOs, investment managers, and academic luminaries will gather at the fourth annual Lux Executive Summit to explore how emerging technologies can meet these global challenges. ... more Venezuela Exchanges Cheap Oil For Technology
Miami (UPI) Jul 30, 2008 Venezuela has agreed to sell oil to Spain at the deeply discounted price of $100 a barrel in exchange for medical materials and new technology, the latest in a series of preferential energy agreements orchestrated by Caracas. During his recent European tour, Venezuelan President Hugo Chavez called the $100 sale price offered to Spain "fair," noting that "Venezuela has never wanted oil ... more Turkey Hit By Higher Energy Prices
Washington (UPI) Jul 30, 2008 World-high energy prices have blindsided many countries, including a number in the oil-rich Middle East, none more so than Turkey. In 2007 Turkish domestic production supplied a paltry 8.7 percent of the nation's crude oil and 2.6 percent of its natural gas; price increases since the beginning of the year have severely constrained the growth of the Turkish economy, leaving Ankara to search for ... more Suntech Signs 30MW Supply Agreement With Enel.si
San Francisco CA (SPX) Jul 31, 2008Suntech Power Holdings has announced it has signed a two-year agreement with Enel.si, a subsidiary of Enel, Italy's largest power company, to supply 30MW of PV modules in late 2008 and 2009. "This agreement with Enel.si is in-line with our strategy to establish mutually beneficial, long-term relationships with companies that are well positioned to service the growing demand for solar ... more |
SOLAR DAILY
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Ottawa (AFP) July 30, 2008Auto sales in places like Brazil, India and China are expected to drive world demand to new records despite a sales slump in Europe and the United States, a Canadian bank said Wednesday. Global car sales advanced a mere 1.5 percent in the first half of 2008, undercut by slowing Western economies and record oil prices, Scotiabank said in its Global Auto Report. But Brazil, Russia, India a ... more China's steel industry faces supply glut in second half: expert
Shanghai (AFP) July 30, 2008China faces a steel surplus in the second half of the year with production capacity continuing to grow and demand expected to drop, a senior industry official warned on Wednesday. Several large steel mills are due to start operations in the second half of the year, sharply increasing crude steel supply, said Shan Shanghua, head of the China Iron and Steel Association. China's demand for ... more Institute to promote US-China relations inaugurated in Washington
Washington (AFP) July 29, 2008Nearly 40 years after then US secretary of state Henry Kissinger's landmark visit to China in 1971, an institute bearing his name and dedicated to promoting US-Chinese relations was inaugurated in Washington Tuesday. "China and America no longer have a common enemy, but a common opportunity," Kissinger said in a speech at the launch of the Kissinger Institute on China and the United States. ... more Over 600,000 evacuated as tropical storm hits China: reports
Shanghai (AFP) July 29, 2008More than 600,000 people were evacuated as tropical storm Fung-wong made landfall on China's southeastern coast, state media reported Tuesday. The storm was downgraded from typhoon level as it hit Fujian province late Monday after slamming into Taiwan, where it had whipped up strong winds and unleashed heavy rains that left two people dead. No one was reported hurt in China, but state ... more
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POLITICAL ECONOMY
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