| December 22, 2008 |  |
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Analysis: Auto bailout plan reached Washington DC (UPI) Dec 20, 2008 
The White House unveiled a $17.4 billion bailout plan for U.S. automakers Friday, eliciting sighs of relief from the companies, which are currently teetering on the brink of bankruptcy. "We appreciate the president extending a financial bridge at this most critical time for the U.S. auto industry and our nation's economy," said Greg Martin, General Motors spokesman. "This action helps ... read moreAnalysis: Georgia's energy woes 
Washington (UPI) Dec 19, 2008 The reverberations of Georgian President Mikheil Saakashvili's rash military thrust into South Ossetia over the summer continue to resonate throughout the Caucasus, NATO and Caspian energy exports. Now Saakashvili is advising his populace that the country's energy network is prepared for possible winter "sabotage" by unnamed miscreants. Many Georgians doubtless will see the dark hand of the ... more
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China To Help Redundant Migrant Workers Offers Economic Aid To Taiwan
Hong Kong (AFP) Dec 21, 2008China on Sunday urged local authorities to help find jobs for hundreds of thousands of migrant workers reported to be flooding home after being forced out of work by the global financial crisis. The government warned provincial authorities that the plight of migrant workers was a "pressing" issue as domestic companies are suffering from the crisis, said a statement published on the cabinet's ... more China slashes fuel surcharges on domestic flights 
Beijing (AFP) Dec 19, 2008China said Friday it will cut fuel surcharges on domestic flights by up to 75 percent from December 25, in its latest move to adjust fuel costs in line with world oil price corrections. The charge on flights of more than 800 kilometres (500 miles) will come down to 40 yuan (5.8 dollars) from 150 yuan per ticket, the National Development and Reform Commission, China's top economic planning ... more Global economy seen sinking into 'severe' 2009 recession: report 
Tokyo (AFP) Dec 19, 2008A major banking group warned the global economy will sink into "severe" recession next year as Japan's battle to stave off a prolonged contraction was Friday hit by predictions of zero growth into 2010. The Japanese cabinet approved the country's first zero growth forecast in real terms in seven years, which came as the central bank continued a two-day meeting to consider slashing interest ... more  |
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Analysis: Central Asian biofuel potential
Washington (UPI) Dec 18, 2008 Of the former Soviet Caucasian and Central Asian republics, those clustered around the shores of the Caspian, particularly Azerbaijan and Kazakhstan, have seen their economies boom because of record-high energy prices. Turkmenistan is waiting in the wings as a rising producer of natural gas, but the story changes as one moves farther east to Uzbekistan, Kyrgyzstan and Tajikistan, where ... more US drags China to WTO over 'protectionist' policy 
Washington (AFP) Dec 19, 2008The United States said Friday it had hauled China to the WTO over Beijing's programs to market Chinese-branded goods which Washington charged were based on "protectionist" policy. "We are going to the WTO today because we are determined to use all resources available to fight industrial policies that aim to unfairly promote Chinese-branded products at the expense of" American interests, said ... more RWE signs deal to co-run Bulgarian nuclear plant 
Sofia (AFP) Dec 19, 2008German power giant RWE signed a deal on Friday with Bulgaria's state-owned National Electricity Company to help finance and run a new four-billion-euro nuclear power plant on the Danube. RWE was picked in October to become a strategic partner in the project by acquiring a 49-percent stake in the Belene Power Company, which will finance and run the plant near the northern town of Belene. ... more New cost overrun for Finnish nuclear plant: Areva 
Paris (AFP) Dec 19, 2008French nuclear technology group Areva announced Friday a new cost overrun for a major project in Finland to build a nuclear power plant amid deteriorating relations with Finnish partner TVO. Areva did not reveal the size of the provision it was taking for the unbudgeted costs of the already delayed plant, which will include a new generation reactor that is the first of its kind to be built. ... more |
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