| December 15, 2008 | ![]() |
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As China slams on brakes, commodity countries left reeling Shanghai (AFP) Dec 14, 2008
When China hits the brakes, commodities exporters half a world away have to shift to a lower gear, as the rapidly deteriorating fortunes of the copper sector shows. The global financial crisis has impacted China's copper-wired construction industry, machine makers and electric appliance producers at an amazing speed, with demand at home and abroad crumbling abruptly. Just as precipitously ... read moreOil-rich Angola launches direct flight to China
Luanda (AFP) Dec 13, 2008Angola has launched a flight linking it to China, which has sent thousands of citizens to work on the reconstruction of the continent's fastest growing economy following its a 27-year civil war. The first direct 14-hour flight from Luanda's Fourth of February Airport to Beijing's Capital International Airport left on Saturday. "The flight will run twice a week on a Boeing 777-200 ER," ... more
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Car key blocks mobile phone use while driving
San Francisco (AFP) Dec 12, 2008A pair of US inventors are bringing to market a computerized car key that prevents people from chatting on mobile telephones or sending text messages while driving. Key2SafeDriving adds to a trend of using technology to thwart speeding, drunken driving, and other risky behavior proven to ramp-up the odds of crashing. Once slipped into a car's ignition, the key created by US university ... more China's inflation to weaken further in December: senior official
Beijing (AFP) Dec 13, 2008China's inflation will weaken further in December as the economy continues to slow, a key policy maker said Saturday, while also confirming next year's economic growth target will be eight percent. The producer price index, PPI, will retreat "markedly" this month, increasing the possibility of deflation, said Liu Mingkang, chairman of China Banking Regulatory Commission, according to Xinhua ... more China to increase money supply in 2009
Beijing (AFP) Dec 14, 2008China said it wants to increase money supply by 17 percent in 2009 as part of new measures to keep the world's fourth-largest economy ticking over in the face of the global slowdown. The government has taken a number of measures to boost domestic demand and cope with the downturn, including repeated interest-rate cuts and a four trillion yuan (586-billion-dollar) stimulus package announced ... more |
aerospace:
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Saving Water Key To Reducing Energy Use
Canberra, Australia (SPX) Dec 15, 2008A new report by CSIRO and the Water Services Association of Australia (WSAA) gives a clearer picture of water and energy use in Australia and New Zealand and highlights areas offering potentially significant water and energy savings. The report: Energy Use in the provision and consumption of urban water in Australia and New Zealand, shows a strong nexus between water and energy. ... more US, UAE close to civilian nuclear cooperation deal: US
Washington (AFP) Dec 12, 2008The United States and the United Arab Emirates (UAE) are close to clinching a deal for civilian nuclear cooperation, State Department spokesman Sean McCormack said Friday. However, McCormack, who did not make clear if President George W. Bush hoped to sign it before he leaves office, cautioned that such a deal would still have to clear many legislative and other hurdles before it takes ... more Japan launches massive new stimulus as US auto bailout collapses
Tokyo (AFP) Dec 12, 2008Japan nearly doubled an already huge stimulus package Friday to battle a deepening recession, while stock markets sank after the US Senate blocked a bailout plan for the near bankrupt US auto industry. With Russia officially entering recession, Bank of America and other international companies making more mass layoffs and European production falling faster than expected, the grim data built ... more China likely to miss energy saving goal for 2008: report
Beijing (AFP) Dec 13, 2008China is likely to miss an energy saving target that it has set itself for this year, state media reported Saturday, citing the nation's top economic planning agency. In the first nine months of the year, the nation cut average energy consumption by 3.46 percent, the Xinhua news agency reported, citing the National Development and Reform Commission. This makes it unlikely that China will ... more |
solarcell:
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