| July 13, 2009 | ![]() |
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Oil sector threatened by attacks Cairo (UPI) Jul 10, 2009
In February 1991 Saddam Hussein put Kuwait's oil fields to the torch as his invading army was driven out of the emirate by U.S.-led forces. More than 700 wells were set ablaze in the worst attack on energy infrastructure since World II. That act of madness and revenge removed 2 million barrels of oil per day from global production. Eighteen years later the energy industry is ... read moreChina's Rio 'spy' arrest chills business world: analysts
Melbourne (AFP) July 12, 2009China's arrest of a top Rio Tinto executive on suspicion of spying is likely to cool the international business community's love affair with the world's most populous nation, according to analysts. Australian Stern Hu's detention in the midst of tough negotiations with Beijing showed China was willing to flex its political muscle and play "hardball" in tough times, experts from across the ... more
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Vattenfall's image tarnished
Hamburg, Germany (UPI) Jul 10, 2009 The reputation of Swedish energy giant Vattenfall has been tarnished by a series of incidents at nuclear plants all over Europe. Vattenfall has a PR problem after several incidents at its nuclear power stations. Tuomo Hatakka, the head of Vattenfall Europe, called them a "bitter setback for all the efforts we made with regards to our safety culture over the last two years. We are ... more Nuclear spark fires up German election campaign
Berlin (AFP) July 10, 2009Hiccups at an ageing nuclear reactor has enlivened Germany's election campaign, potentially giving the centre-left the chance to chip away at Chancellor Angela Merkel's commanding lead in the polls. "If these incidents don't come to an end, or if there is a serious one before the election, it could cost her the wished-for majority" in the September 27 vote, the Berliner Zeitung daily said in ... more German regional premier opposes BAIC bid for Opel: report
Frankfurt (AFP) July 10, 2009The regional premier of Hesse, the German state which will contribute to a bailout of the automaker Opel, opposes a bid by the Chinese group BAIC and backs Canadian rival Magna, he said on Friday in a press report. Opel cannot be run by a company that "produces 12,000 cars a year and does not even have the backing of the Chinese government," Roland Koch told the regional newspaper Hamburger ... more China property prices post first on-year rise in six months
Beijing (AFP) July 10, 2009China's urban property prices rose on year for the first time in six months in June, official data showed Friday, in a sign the sector is recovering thanks to government stimulus support. Property prices in 70 major cities increased by 0.2 percent year-on-year, the National Development and Reform Commission and the National Bureau of Statistics said in a statement, following a 0.6-percent ... more |
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Australia presses China on Rio arrest
Sydney (AFP) July 11, 2009Australia made high-level representations in China Saturday over the arrest of a top mining executive on bribery claims, as diplomatic tensions deepened between the key trading partners. Trade Minister Simon Crean, who is in China on a pre-arranged diplomatic visit, contacted the Shanghai government to intervene on behalf of Rio Tinto's Stern Hu, who is accused of spying and stealing state ... more Australia says Rio arrests linked to iron ore talks
Sydney (AFP) July 11, 2009Australia on Friday said China's arrest of a top Rio Tinto executive was over alleged bribery during fraught iron ore negotiations, as Chinalco denied the move was payback for a collapsed deal. Mining giant Rio said it was "surprised and concerned" at the claim against Shanghai office chief Stern Hu, an Australian passport holder who led the iron ore talks, and three of his Chinese colleague ... more China exports down 21.4 percent y-o-y in June
Beijing (AFP) July 10, 2009Chinese exports dropped 21.4 percent year on year in June, customs figures showed Friday, narrowing from May's fall with analysts saying it was too early to predict a recovery for the ailing sector. The latest plunge was the eighth straight monthly decline, but a less steep tumble than the 26.4 percent year on year fall the previous month. The latest drop in exports, to 95.4 billion ... more Cash Grant Facilitates Utility Integration Of Solar Electric Power
Washington DC (SPX) Jul 13, 2009The Solar Electric Power Association (SEPA) is pleased to recognize the U.S. Department of the Treasury's release of guidance documents for the federal cash grant program for solar electric projects. The program is expected to further strengthen U.S. electric utilities' ability to integrate solar electricity into the power grid in the near-term. These cash grants can be utilized in lieu of ... 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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