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New bubbles rising in China property market: state media Beijing (AFP) July 3, 2009
China's recent moves to ease curbs on the real estate sector have sent prices soaring recently, stoking fears that new property bubbles are forming, state media reported Friday. Residential property prices in Beijing's Central Business District rose 6.5 percent in the past week and demand for second-hand houses in some other areas is four times the supply, said the China Daily, citing ... read moreLegal adviser refiles lawsuit against Vietnam PM in mines row
Hanoi (AFP) July 4, 2009A Vietnamese legal adviser said Saturday he had filed a new lawsuit against his country's prime minister for violating environmental laws with a controversial bauxite mining plan. Cu Huy Ha Vu first filed legal action against the communist leader Nguyen Tan Dung on June 11 but a Hanoi court rejected it, saying it had no legal basis. However, Vu, who is trying to overturn a 2007 decision ... more
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US welcomes Amano as new head of IAEA
Washington (AFP) July 3, 2009US Secretary of State Hillary Clinton Friday welcomed the appointment of Japan's Yukiya Amano as the new head of the Vienna-based UN nuclear watchdog. "I would like to offer my congratulations to Yukiya Amano of Japan on his appointment as the next director general of the International Atomic Energy Agency (IAEA)," Clinton said in a statement. The IAEA, she added, "represents the premier ... more Traffic lights in German city go out after nuclear plant incident
Hamburg, Germany (AFP) July 4, 2009Hundreds of traffic lights in the German city of Hamburg stopped working Saturday after a power cut caused by an incident at a nuclear power station, an energy company said. Around 1,500 of the 1,800 traffic signals in Germany's second biggest city suddenly blacked out and lights at shopping centres also failed. An incident at a transformer of the Kruemmel power station triggered the ... more Taiwan benefits from China's economic stimulus: report
Taipei (AFP) July 5, 2009Taiwan has benefited from its giant neighbour's measures to stimulate its economy by offering subsidies to consumers, the island's government said in a report Sunday. Taiwan exported 4.65 billion US dollars worth of goods to China in April, down 33.8 percent from a year ago, the Board of Foreign Trade said. The figure indicated, however, that the sharp decline of the island's export to ... more Serbia inks UN nuclear energy cooperation deal: report
Belgrade (AFP) July 3, 2009Serbia, home to a reactor once deemed the world's most dangerous, reached an agreement Friday on nuclear energy cooperation with the United Nations atomic agency, a report said. Signed by visiting International Atomic Energy Agency (IAEA) chief Mohamed ElBaradei and Deputy Prime Minister Bozidar Djelic, the memorandum is in addition to an existing agreement on inspections of nuclear ... more |
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Chinese carmaker bids for GM's Opel: reports
Berlin (AFP) July 5, 2009Chinese carmaker BAIC has proposed taking a majority stake in GM's European arm Opel with a bid worth 660 million euros, a move that could boost negotiations for the unit, reports said Sunday. BAIC submitted a non-binding offer for GM's German-based unit Opel late Thursday, just before a deadline for prospective buyers, according to China's Guangzhou Daily newspaper, the Financial Times and ... more China's overseas investments surge
Beijing (UPI) Jul 3, 2009 China, sitting on the world's largest foreign exchange reserves of about $2 trillion earned from burgeoning trade surpluses, has been on a spree to invest its money overseas while attracting inward foreign direct investments. As China's overseas direct investments skyrocket, some estimates say they could soon overtake China's FDIs. "ODI is one way to relieve the growing pressure ... more China undecided on anti-dumping moves against Saudi: embassy
Riyadh (AFP) July 5, 2009China is still undecided about imposing an anti-dumping charge on Saudi petrochemical exports, its embassy in Riyadh said Sunday, after Saudi exporters called for retaliatory duties on Chinese exports. "The judgement is preliminary" and a punitive tariff has not been levied on Saudi methanol and butanediol (BDO) exports, embassy spokesman Yuan Yuan told AFP. "We take great consideration ... more Asia is testing ground as music industry seeks to boost sales
Hong Kong (AFP) July 3, 2009Rampant piracy and a crumbling market for CDs has put the music industry in Asia under immense pressure, but experts are hoping that technology and social media will help fill the gap. While demand for music continues to rise across the region, the global economic downturn has accelerated the Internet-fueled fall in sales of physical music. "Consumers are enjoying more hours of music ... 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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