| November 20, 2008 |  |
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Analysis: European car sector needs cash Berlin (UPI) Nov 18, 2008 
General Motors is not alone: European car companies are also in need of cash to avoid bankruptcy, with EU officials mulling continent-wide bailout plans. In Germany and France, automobile manufacturers are suffering from dwindling sales because of the financial crisis.
Germany's Opel, a subsidiary of General Motors, asked Germany for more than $1 billion in credit guarantees. ... read moreChina to build new oil, gas pipeline across Myanmar: state media 
Beijing (AFP) Nov 19, 2008China flagged Wednesday it would build a pipeline into Myanmar in a project that would give it easier energy access but also potentially raise concerns about its links with the nation's ruling junta. Work on the oil and gas line will begin in southwest China's Yunnan province in the first half of 2009, the state-run China Daily reported, indicating a project that has been in the planning ... more
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Rising Demand In Europe For Wood Pellets As Alternative Fuel
Richmond VA (SPX) Nov 20, 2008Intrinergy has announced that its German subsidiary, CompacTec KG, is doubling its wood pellet production capacity. Due to volatile and rising fossil fuel prices, the demand for wood pellets continues to grow throughout Europe. Wood pellets are used in furnaces as a substitute for heating oil and natural gas. In Austria, for example, it is estimated that two-thirds of all new residential ... more US: Iran standoff with IAEA 'unfortunate and disappointing' 
Washington (AFP) Nov 19, 2008The White House accused Iran Wednesday of an "unfortunate and disappointing" failure to cooperate with the UN nuclear watchdog agency and effectively rejecting a US offer for high-level talks. "The Iranian government's failure to comply with the IAEA and UN is unfortunate and disappointing," spokesman Gordon Johndroe said after the latest International Atomic Energy Agency (IAEA) report on ... more ProLogis Announces First PV Project In Japan 
Tokyo, Japan (SPX) Nov 20, 2008ProLogis has announced that it will install its first photovoltaic (PV) system in Japan. ProLogis will install a one-megawatt (MW) PV system at ProLogis Parc Zama I, a five-story distribution facility totaling more than 1.2 million square feet (113,000 square meters). The park is located in the city of Zama, a logistics hub in Japan's Kanagawa Prefecture. The PV system is expected to be ... more  |
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China now largest holder of US Treasury bonds
Shanghai (AFP) Nov 19, 2008China is now officially the US government's largest foreign creditor after overtaking Japan, in a development that signals Washington's increasing reliance on Beijing to save its economy. China became the largest foreign holder of US Treasuries, owning 585 billion dollars worth as of September, according to US Treasury Department figures. But, analysts warned Wednesday, neither country ... more China to scrap three billion dollars in fees to boost growth: govt 
Beijing (AFP) Nov 19, 2008China will cut 19 billion yuan (2.8 billion dollars) worth of administrative fees in 2009, the government said Wednesday, to help companies and boost growth amid the global financial woes. The policy, which will take effect from January 1, will cancel charges on items such as labour dispute arbitration and university diploma certificates, the finance ministry said on its website. ... more National Life Turns On Largest Solar Project In Vermont 
Montpelier VT (SPX) Nov 20, 2008Electricity from the largest solar electric installation in Vermont - an array of 418 solar panels - is now helping to power National Life Group's Montpelier headquarters. As the sun peeked out from the clouds, National Life CEO Thomas H. MacLeay and Gov. Jim Douglas joined together in a rooftop ceremony to commission the new system and to praise the public-private financial partnership ... more Lumetas Solar Panels Recognized For Superior Design And Innovation 
Irvine CA (SPX) Nov 20, 2008Lumeta has announced that its Solar S Tile was honored as a first round winner in the Green EcoDesign category of the Spark Design Awards 2008 competition. As part of its second international design competition that drew hundreds of entries from designers, architects, manufactures, institutions and ad and design firms, the Spark Awards' "Green" category recognizes superior sustainable ... more |
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