| December 23, 2008 |  |
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Toyota projects first-ever operating loss Nagoya, Japan (AFP) Dec 22, 2008 
Toyota Motor Corp. on Monday forecast its first-ever operating loss this year as the global slowdown creates "an unprecedented crisis" for the long profitable automaker. Toyota's sharp cuts in forecasts marked a deepening of the woes plaguing the auto industry, which has seen General Motors and Chrysler, two of the US Big Three automakers, on the verge of collapse due to the global financial ... read moreWalker's World: The oil curse 
London (UPI) Dec 22, 2008 Those who live by the price of oil shall suffer by the price of oil. As this grim year for the global economy draws to a close, the reversals of fortune for the oil-exporting states have been dramatic and almost as bruising for their customers. Last Thursday this reporter was invited to attend a conversation with outgoing U.S. President George W. Bush, arranged by the American Enterprise ... more
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Report: EPA allows chemical secrecy
Milwaukee (UPI) Dec 21, 2008 The U.S. Environmental Protection Agency has kept data about potentially dangerous chemicals secret, the Milwaukee Journal Sentinel says. The newspaper said its analysis of more than 2,000 EPA dangerous chemical filings during the last three years found that the U.S. department allowed chemicals' names to remain undisclosed in more than half those cases. In hundreds of the ... more Areva, Mitsubishi announce nuclear fuel tie-up 
Tokyo (AFP) Dec 22, 2008Japan's Mitsubishi Heavy Industries and France's Areva on Monday announced a capital tie-up in nuclear fuel production, predicting that the market for atomic energy will keep growing. The major French nuclear energy company will buy a 30 percent stake in Mitsubishi Nuclear Fuel Co., in which Mitsubishi Heavy will be the top shareholder with 35 percent stake, they said, confirming a Sunday ... more Facing complaint, China says it opposes protectionism 
Beijing (AFP) Dec 22, 2008China said it was opposed to protectionism and respected global trading rules, reacting to a US and Mexican complaint about its trade practices filed at the World Trade Organisation. China also said it would use WTO rules to address the request by the two countries to seek dispute settlement consultations on export subsidy measures allegedly giving Chinese exporters an unfair advantage. ... more  |
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US Bechtel wins Egypt nuclear power contract
Cairo (AFP) Dec 22, 2008The US company Bechtel Power has won a 10-year contract worth one billion pounds (180 million dollars) to consult on and help design Egypt's first nuclear power station, state media said on Monday. A committee formed from different government bodies selected Bechtel from seven other corporations, Egypt's state news agency MENA quoted Minister of Energy and Electricity Hassan Younis as saying ... more New polymer coatings prevent corrosion 
Champaign, Ill. (UPI) Dec 17, 2008 U.S. scientists say they are developing new polymer coatings that will not only protect materials, but also help tiny scratches "heal" themselves. University of Illinois researchers said applications for the coatings range from automotive paints and marine varnishes to the thick, rubbery coatings on patio furniture and park benches. "Starting from our earlier work on self-healing ... more EU fears nuisance factor of Czech President Klaus 
Brussels (AFP) Dec 20, 2008The Czech Republic assumes the European Union's presidency for the first time next month, amid fears that eurosceptic President Vaclav Klaus will put the brakes on the EU's new-found drive. After a frenetic six months under France and President Nicolas Sarkozy, doubts remain whether the relative EU newcomer with the anti-European president can match the authority, energy and success of its ... more US, Ukraine risk irking Russia with strategic accord 
Washington (AFP) Dec 19, 2008The United States and Ukraine risked irking Moscow by signing a strategic accord Friday that calls for a US diplomatic post in Crimea, a Russian-speaking area where Russia's Black Sea Fleet is based. Secretary of State Condoleezza Rice and her Ukrainian counterpart Volodymyr Ogryzko signed the "charter on strategic partnership" that the State Department calls a statement of US intent to ... more |
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