| February 20, 2009 |  |
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Chinese auto maker plans to take on giants with electric cars Shenzhen, China (AFP) Feb 19, 2009 
From its headquarters in south China, BYD Auto is pursuing a project of staggering ambition: To be in the lead as the world's cars free themselves from their century-old dependence on petrol. The company, which was founded just 14 years ago and found success making batteries, has unveiled a series of slick electric and plug-in hybrids as it prepares to enter the US and European markets in 20 ... read moreObama heads to Canada to talk trade, turn page on Bush 
Washington (AFP) Feb 19, 2009Barack Obama embarks Thursday on a visit to Canada to discuss a recession, war in Afghanistan and other weighty files, but also to usher in a new era of US foreign policy in his first foreign trip as president. With the United States now gripped by the worst economic crisis in decades and its economy so closely tied to Canada's, Obama is to focus on how the world's largest trading partners ... more
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Lignol Suspends Colorado Project Due To Market Uncertainty
Vancouver, Canada (SPX) Feb 20, 2009Suncor Energy Products and Suncor Energy (U.S.A.), both wholly owned subsidiaries of Suncor Energy, and Lignol have determined it prudent not to enter into a joint venture to pursue the development of a cellulosic ethanol commercial demonstration plant in Grand Junction, Colorado given the instability of energy prices, the uncertainty in the capital markets and the general market malaise. ... more Coal And Nuclear Electricity Generation Declines As Renewable Energy Sources Soar 
Washington DC (SPX) Feb 20, 2009According to the latest figures published by the U.S. Energy Information Administration (EIA) in its "Electric Power Monthly" report released on February 13, 2009, renewable sources of electricity enjoyed significant growth during the past year while nuclear and coal both experienced notable declines. Specifically, EIA reports that net electricity generation in the United States dropped by ... more Whiff of change for stinking Dubai beaches 
Dubai (AFP) Feb 19, 2009Beaches in Dubai had long been a magnet for travellers seeking sea, sun and sand. But beachgoers in the Gulf emirate recently got more than they bargained for - stinking sewage. Now an environmental lobby group wants to clean up the image not only of Dubai's beaches but of those all along the coastline of the United Arab Emirates, by awarding blue flags for sparkling waters. "Tourists ... more  |
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Analysis: Mexico to offset oil decline?
Miami (UPI) Feb 18, 2009 Faced with declining oil production at its most reliable source, officials at Mexico's state oil company PEMEX are hopeful that production at new fields both on and offshore - bolstered by increased investment - will keep the sector from collapse. Mexico is now the third-largest supplier of oil to the United States, according to the U.S. Energy Information Administration's latest fig ... more AMD stockholders approve Abu Dhabi investment 
New York (AFP) Feb 18, 2009Advanced Micro Devices, the world's second-largest computer chip maker, announced Wednesday that its stockholders had approved a manufacturing joint venture with investment from Abu Dhabi. AMD, in a statement, said the green light from shareholders paves the way for the creation of the venture, to be known as The Foundry Company, between AMD and the Advanced Technology Investment Co. ... more Judge asked to settle Intel-NVIDIA computer chip squabble 
San Francisco (AFP) Feb 18, 2009A judge has been asked to settle a squabble between the world's largest chip maker Intel and graphics computing specialty firm NVIDIA. The northern Californian companies have been arguing for a year about whether a deal they inked in 2004 allows NVIDIA to produce chipsets that work with Intel microprocessors that have integrated-memory controller features. Intel filed a complaint this we ... more China tells foreign banks to lend more: regulator 
Shanghai (AFP) Feb 19, 2009China's banking regulator said Thursday it had told foreign banks operating in the country to do their bit to stimulate economic growth by lending more money. Foreign banks must "actively implement the nation's macro-tuning policies (and) boost their contribution to financial stability and economic growth," said Yan Qingmin, head of the China Banking Regulatory Commission's Shanghai branch. ... more |
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