| February 12, 2009 |  |
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Missing Mexican island fuels mystery Mexico City (AFP) Feb 11, 2009 
Lawmakers in Mexico are trying to determine the whereabouts of island central to the country's oil claims, which appears literally to have dropped off the map about 10 years ago. Bermeja island in the Gulf of Mexico - a strategic marker defining US and Mexican maritime and subsea rights -- has disappeared along with documents backing up a bilateral treaty on major oil reserves in the area, ... read moreUS trade gap shrinks in 2008 as recession bites 
Washington (AFP) Feb 11, 2009The US trade deficit shrank in 2008, narrowing sharply in the final months of the year amid a deepening recession and an escalating global financial crisis, government data showed Wednesday. The US trade gap in goods and services with the rest of the world fell to 677.1 billion dollars last year, down 3.3 percent percent from 2007, the Commerce Department reported. In December, the trade ... more
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Taiwan's 'Silicon Valley' hit by global slowdown
Taipei (AFP) Feb 11, 2009Taiwan's so-called "Silicon Valley" was hit hard last year as combined sales from its technology companies plunged 12 percent, industry authorities said Wednesday. The Hsinchu science park in northern Taiwan, the centre of the island's electronics sector, posted sales of 1.01 trillion Taiwan dollars (29.64 billion US) in 2008, down from 1.15 trillion for 2007, the National Science Council sa ... more Mecca monorail deal marks Saudi visit by China's Hu 
Riyadh (AFP) Feb 11, 2009Chinese President Hu Jintao wrapped up his second day in Saudi Arabia on Tuesday with a contract to build a monorail in Islam's holiest city and with a pact on oil and petrochemicals supplies under his arm. The 1.8 billion dollar deal for China Railway Corp to build a mass transit system for Muslim pilgrims on the annual hajj pilgrimage to Mecca served to highlight China's growing role as ... more Analysis: Iraqi oil meetings set the stage 
Washington DC (UPI) Feb 10, 2009This week's meeting of the Iraqi Oil Ministry with international oil companies in Istanbul begins a three-month series of gatherings, organized by the government or government workers, aimed at clearing through the turmoil of revitalizing Iraq's oil and gas sector. In the aftermath of a major showing in provincial elections this month by Prime Minister Nouri al-Maliki and his Dawa Party ... more  |
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Analysis: Energy plan may hurt Southeast 
Washington DC (UPI) Feb 10, 2009Congress has resurrected a mandate for clean electricity that could boost energy security and the environment, but opponents say it will transfer wealth from some states to others. The legislation would establish a Renewable Energy Standard, requiring 20 percent of the electricity provided by U.S. utilities to come from renewable sources by 2020. The idea isn't a new one, but legislati ... more Drop in China's electricity output deepens in January: state media 
Beijing (AFP) Feb 11, 2009China's electricity output fell further in January as demand continued to weaken, state media said Wednesday, in a further sign that the economy is slowing amid the global crisis. Major power producers generated only 250.3 million megawatt hours of electricity last month, falling 13 percent from a year earlier, the China Daily reported, citing the China Electricity Council, an industry assoc ... more Dell expands US electronics recycling program 
San Francisco (AFP) Feb 11, 2009Computer maker Dell on Wednesday expanded its US electronics recycling network to more states and began an online gadget trade-in program. People can bring used computers and other electronics to Goodwill stores in 18 states, where items in decent shape are resold and devices in need of repair are either refurbished or broken down to salvage as scrap. Goodwill trains people with disabili ... more Chinese president heads to Africa for whistle-stop tour 
Bamako (AFP) Feb 12, 2009Chinese president Hu Jintao was set to arrive in Mali Thursday, the first stop in his whirlwind tour of four African countries, as Beijing stressed its interest in Africa goes beyond the purely economic. Hu is scheduled to visit Mali, Senegal, Tanzania and Mauritius as part of his first overseas trip in 2009. Beijing is often criticised for its alleged drive to secure natural resources from ... more |
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