| March 24, 2009 |  |
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China wants to restructure auto industry Beijing (AFP) March 21, 2009 
China said Saturday it wanted to boost its auto industry by reducing the number of companies in the sector through mergers and promoting two or three carmakers to become the dominant players. The government's plans for auto industry reform were unveiled two months after it approved stimulus measures including tax cuts and subsidies to help carmakers survive the global economic downturn. ... read moreChina to be flexible at Doha talks: state media 
Beijing (AFP) March 23, 2009China will be flexible on issues at the Doha Round of global trade talks in order to help negotiations that have been stalled for years, state media said Monday. "China will show flexibility on issues (such as agriculture) to facilitate the completion of the multilateral world trade system," Commerce Minister Chen Deming said, according to the China Daily. He added that China was prepare ... more
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China officials hit out at protectionism, reject Coke fears
Beijing (AFP) March 23, 2009China hit out at trade protectionism on Monday, a day after stressing its veto of Coca-Cola's bid for a local company does not mean it is hostile to foreign investment. Vice Finance Minister Li Yong called on the Group of 20 (G20) major economies to reject protectionism at next week's meeting in London, saying it could set back recovery from the economic slowdown. "Protectionism will ser ... more Analysis: Turkey's first nuclear plant 
Istanbul, Turkey (UPI) Mar 23, 2009 One of the more interesting aspects of the Fifth World Water Forum currently under way in Istanbul has been the presence of environmental groups, whose agendas are frequently in conflict with some of the governments and multinational companies in attendance. The divergence of opinions goes far beyond water as a human right and environmentally friendly policies to such issues as energy, progres ... more Analysis: Tankers threaten Turkish Straits 
Istanbul, Turkey (UPI) Mar 20, 2009 Istanbul, currently hosting the fifth World Water Forum, has one of the most spectacular settings in the world, bisected by the 19-mile-long Bosporus, which empties into the Sea of Marmara, which in turn debouches into the 38-mile-long Dardanelles. Merchantmen can traverse the 200-mile passage under good conditions in about 16 hours. The Turkish Straits, the sole maritime route between ... more  |
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City buses turn to sewage for 'clean' fuel
Oslo (AFP) March 22, 2009Can the key to "clean" energy be found down in the sewer? That's the idea in Oslo, where city officials soon plan to introduce buses that run on biofuels extracted from human waste. As of 2010, the new buses are due to start plying the streets of the Norwegian capital. "It's a win-win situation: It's carbon neutral, it hardly pollutes the environment, it's less noisy and its endlessly re ... more Nigeria to halt gas flaring by 2010-2011: minister 
Lagos (AFP) March 20, 2009Nigeria, the world's second-biggest gas flarer after Russia, aims to halt this environmentally unfriendly practice by 2010, or 2011 at the latest, the country's oil minister said Friday. "The absolute deadline ... would be certainly within the term of this administration," Odein Ajumogobia told AFP, referring to 2011. He added that 2010 was still the target date. Flaring, the practice of ... more OECD expects world economy to shrink in 2009 
Beijing (AFP) March 20, 2009The world economy is likely to shrink in 2009 despite growth in Asian powerhouses China and India, the head of the OECD Angel Gurria said Friday, warning of a first global contraction in 60 years. "Now we are probably seeing a world which will go negative because even the positive growth of India and China is not going to be enough to offset the negative growth in (developed countries)," he ... more Obama sees 'flickers' of hope, US unveils new bank clean-up 
Washington (AFP) March 23, 2009US President Barack Obama said he saw "flickers of hope," possibly the basis for faster-than-expected recovery, as stocks jumped Monday on news of an eagerly awaited new US bank rescue plan. Backed by his president, under-fire Treasury Secretary Timothy Geithner said a new 500 billion dollar programme would help banks dispose of their toxic assets, a key step in restoring them to financial h ... more |
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