| February 25, 2009 |  |
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Launch date to be set for Iran's first nuclear plant Tehran (AFP) Feb 24, 2009 
Iran and Russia will announce on Wednesday a date for the Islamic republic's first nuclear power plant to go operational, the official IRNA news agency reported. "The exact date for the start of operations at Bushehr nuclear plant will be announced at the plant on Wednesday," the spokesman for Russia's federal nuclear agency, Sergei Novikov, told IRNA in Moscow. Iran plans to carry out ... read moreOne-Fifth Of Fossil-Fuel Emissions Absorbed By Threatened Forests 
Leeds, UK (SPX) Feb 25, 2009Globally, tropical trees in undisturbed forest are absorbing nearly a fifth of the CO2 released by burning fossil fuels. The researchers show that remaining tropical forests remove a massive 4.8 billion tonnes of CO2 emissions from the atmosphere each year. This includes a previously unknown carbon sink in Africa, mopping up 1.2 billion tonnes of CO2 each year. Published in Nature ... more
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Obama set for showpiece address to Congress
Washington (AFP) Feb 24, 2009President Barack Obama was set Tuesday to use the grand political stage of his debut address to Congress to counsel a nation gripped by economic fear and to showcase his ambitious agenda. Five weeks into an administration born amid the worst financial tumult since the 1930s, Obama will grasp the unique political megaphone reserved for presidents to speak directly to Americans in the crucial ... more One Of The Most Important Problems In Materials Science Solved 
Uppsala, Sweden (SPX) Feb 25, 2009Together with three colleagues Professor Peter Oppeneer of Uppsala University has explained the hitherto unsolved mystery in materials science known as 'the hidden order' - how a new phase arises and why. This discovery can be of great importance to our understanding of how new material properties occur, how they can be controlled and exploited in the future. The findings are now being ... more Japan's Takashimaya to open Shanghai department store 
Tokyo (AFP) Feb 24, 2009Japan's third biggest department store operator Takashimaya Co. said Tuesday it plans to open a flagship store in Shanghai in 2012, hoping strong demand there will offset bleak sales at home. The company plans to invest four billion yen (42.56 million dollars) to build the 40,000 square-metre (430,400 square-feet) eight-storey store -- its first in China's commercial hub, a statement said. ... more  |
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China buying mission leaves for Europe spree: govt
Beijing (AFP) Feb 24, 2009Chinese Commerce Minister Chen Deming left for crisis-hit Europe Tuesday at the head of a 300-strong team charged with spending billions of dollars on European products, the government said. The high-powered procurement team will visit Germany, Switzerland, Spain and Britain, according to a statement from the commerce ministry. The widely anticipated mission could end up spending 15 ... more China Development Bank denies merger imminent 
Shanghai (AFP) Feb 24, 2009China Development Bank said it was not about to buy into Shenzhen Development Bank, part-owned by US private equity firm Newbridge Capital, amid reports the two lenders could merge. China Development Bank said in a statement late Monday that it "currently has no arrangements regarding buying stakes" in the mid-sized lender, located in the southern city of Shenzhen. But on Tuesday ... more Asian markets dive on US bank rescue fears 
Hong Kong (AFP) Feb 24, 2009The global stock sell-off carried over into Asia Tuesday after an overnight rout on Wall Street, as the Obama administration's bank rescue plan failed to calm nervous markets. Tokyo shares closed down 1.46 percent Tuesday after Wall Street hit near 12-year lows as investors reacted with disappointment to Washington's strategy for rescuing ailing banks, stoking pessimism over the financial ... more China metals company to buy into Australian miner: report 
Shanghai (AFP) Feb 24, 2009China's Hunan Valin Iron and Steel Group said Tuesday it would acquire a 16.5 percent stake in Australian miner Fortescue Metals Ltd. for 1.2 billion Australian dollars (776 million US dollars). State-owned Valin agreed to buy 225 million new Fortescue shares at 2.48 Australian dollars each, Dow Jones Newswires reported, citing a company statement. Officials at the two companies were not ... more |
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