| September 26, 2008 |  |
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GM to double production of fuel-efficient engines Chicago (AFP) Sept 25, 2008 
General Motors announced plans Thursday to double its global production of more fuel-efficient small engines by 2011 with the help of a new engine plant in struggling Flint, Michigan. More than half of the increase in production will come from North America, where GM has faced a sharp drop in demand for its gasoline guzzling trucks and sport utility vehicles. GM said small four-cylinder ... read moreMexico cuts crude output due to Ike damage on US refineries 
Mexico City (AFP) Sept 24, 2008Mexico's state-run oil consortium Pemex announced Wednesday that it would "temporarily" reduce its crude oil output due to damage caused by Hurricane Ike on refineries in the United States. "It was necessary to temporarily close 250,000 barrels of daily production of crude," Pemex said in a statement. Ike "caused severe damages to the refining infrastructure in the southern United States ... more
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Russia may launch nuclear cooperation with Venezuela: Putin
Novo-Ogaryovo, Russia (AFP) Sept 25, 2008Russia may launch nuclear energy cooperation with Venezuela, Russian Prime Minister Vladimir Putin said Thursday during talks with the country's fiercely anti-US leader Hugo Chavez. "We are ready to consider a possibility of cooperation in using nuclear energy," Putin said. Putin also noted "development of our ties in all spheres," with "new possibilities in energy, high-tech, machine co ... more Environment-friendly products output to double: UN 
United Nations (AFP) Sept 24, 2008Production of environmentally friendly goods is set to double, with turnover of 2.7 trillion dollars a year by 2020, a report released Wednesday at the United Nations said. "We are not talking about niche markets anymore. We are talking about millions of jobs that are emerging across the global economy," said Achim Steiner, UN Environment Program executive director. "It is the entreprene ... more EU panel resists pressure to water down car emission targets 
Brussels (AFP) Sept 25, 2008An EU environment panel resisted pressure on Thursday from Europe's powerful car-making industry to water down plans to force automakers to slash carbon dioxide emissions. A majority in the European Parliament's environment commission voted down efforts to weaken European Commission plans to fine car-makers for failing to meet emissions targets, a spokesman said. The two biggest politica ... more  |
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Airbus globalises production with China plant
Paris (AFP) Sept 25, 2008European aircraft giant Airbus will take a major step towards the globalisation of its production on Sunday with the opening of a new assembly line in the Chinese port of Tianjin. The plant is the firm's first outside of Europe and gives Airbus a foothold in a market hungry for new planes and hotly contested by its US rival Boeing. "Our goal is to produce four planes per month by 2011, b ... more Walker's World: The crisis deepens 
Zurich, Switzerland (UPI) Sep 24, 2008 Other countries that have been raking in cash like China and the oil-exporting states have sovereign wealth funds. The United States instead has been forced to resort to the opposite, a sovereign debt fund. That, at least, was how it looked when U.S. Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke launched their $700 billion plan over the weekend. Around the ... more Savers mob Bank of East Asia over stability rumours 
Hong Kong (AFP) Sept 24, 2008Thousands of Hong Kong savers mobbed branches of Bank of East Asia on Wednesday to withdraw deposits, as the bank scrambled to reassure them it was not overexposed to Lehman Brothers and AIG. Police were called in to control the crowds after text messages flashed across the city warning the bank was unstable as it held a large number of assets linked to the failed Wall Street bank and the ... more Flooding Might Help Lower Gas Emission From Wetlands 
Columbus OH (SPX) Sep 25, 2008River floods and storms that send water surging through swamps and marshes near rivers and coastal areas might cut in half the average greenhouse gas emissions from those affected wetlands, according to recent research at Ohio State University. A study suggests that pulses of water through wetlands result in lower average emissions of greenhouse gases over the course of the year compared ... more |
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