| May 25, 2009 | ![]() |
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Analysis: Venezuela takes over oil service Miami (UPI) May 22, 2009
Venezuelan state energy company PDVSA has announced it would take control of nearly three dozen oil contractors as part of a new law governing the sector. The changes mark the latest effort by President Hugo Chavez to cut costs across the board for Petroleos de Venezuela SA amid increasing concerns about falling revenue due to a decrease in oil prices over the last year. The law ... read moreBHP plans major new Australian uranium mine
Sydney (AFP) May 22, 2009Global resources giant BHP Billiton announced plans Friday to develop a major new uranium mine in Western Australia after the state lifted a ban on production of the nuclear fuel. The company said it planned to begin producing uranium at its Yeelirrie site in 2014, boosting Australian output of the fuel as demand for nuclear energy grows in countries such as China and India. "Current pla ... more
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China says industrial output growth to jump in 2Q
Shanghai (AFP) May 22, 2009China on Friday said industrial output is expected to rise eight percent in the second quarter and exceed ten percent in the second half of the year as stimulus measures kick in. The Ministry of Industry and Information Technology forecast the second quarter would post a jump from the 15-year low of 5.1 percent growth seen in the first three months of the year. "The overall situation in ... more China's Hainan Airlines posts annual loss
Beijing (AFP) May 24, 2009Chinese regional carrier Hainan Airlines made a loss of 1.4 billion yuan (208 million dollars) in 2008 as high oil prices and dwindling passenger demand took their toll, state media reported Sunday. The Shanghai-listed company said the loss was due to a rise in the value of oil in the first half of last year and a drop in demand in the second half due to the global financial crisis, the offi ... more Chinese desert market as Kyrgyzstan chooses protectionism
Kara-Suu, Kyrgyzstan (AFP) May 24, 2009Bright bolts of fabric, toys and construction materials still crowd the shelves of Central Asia's largest bazaar but its once ubiquitous Chinese traders are beginning to dwindle in number. Tucked away from the crush of bargain hunters in the courtyard of a crumbling Soviet-era apartment block, a sign dangling ominously in a window captures the mood here at Kyrgyzstan's Kara-Suu market. ... more Japan woos Pacific island leaders
Shimukappu, Japan (AFP) May 22, 2009Japanese Premier Taro Aso welcomed the leaders of a clutch of small Pacific islands Friday for a meeting expected to generate fresh aid for clean energy and coping with climate change. Aso was also expected to provide details of increased aid for "human security" projects in the region, including the provision of water-related assistance, at the fifth Pacific Leaders Meeting in northern Japa ... more |
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What Crisis As China Spends Big In Central Asia
Almaty (AFP) May 24, 2009While the rest of the world reels from the global economic crisis, China is using its deep pockets to bolster its position in strategically vital Central Asia, analysts say. In recent months Beijing has been on a spending spree among the Central Asian states to its west, handing over a 10 billion dollar (7.34 billion euro) loan to cash-strapped Kazakhstan in April and stepping up constructio ... more What financial crisis? Portrait of a Chinese millionaire
Xi'An, China (AFP) May 24, 2009One of China's growing number of millionaires - for whom the financial crisis barely registers - Chen Yilong has just bought a private plane to add to his many luxury homes. Lighting a cigarette in a teahouse in Xi'an, in northern Shaanxi province, the 49-year-old pauses when asked how much money he has, before saying in a conspiratorial voice: "You can safely say I'm a multi-millionaire ... more When Soft Power Fails Part Four
Washington (UPI) May 21, 2009 EU spokesman Martin Selmayr after the Russian invasion of Georgia in 2008 used a revealing turn of phrase when he admitted that the EU did not have any rapid deployment military forces it could credibly send to the aid of Georgia, a former Soviet republic in the Caucasus. Selmayr did not say, "Under the circumstances, we think it would be a bad idea to send in our storm troopers. Still ... more Analysis: Germany at 60
Berlin (UPI) May 21, 2009 Germany turns 60 this week. Its people are increasingly patriotic, but 20 years after a peaceful revolution that brought down the Berlin Wall, they are not yet united. Sixty-four years after the end of the Nazi era and its atrocious crimes against humanity, Germans are no longer ashamed to wave their flag or sing their national anthem. An increasing number of people here are proud to be ... more |
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AALTO plans Zephyr stratospheric hub in northern Australia and seeks local payload partners
Ancient guano drove Chincha coastal power
UAH lands first DARPA award for biological sciences department |
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