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 Geneva (AFP) Sept 8, 2009 
The head of the UN's trade and development think tank on Tuesday cautioned against a new financial bubble as massive liquidity was pumped into the economic system to counter the global crisis. "The bubble is something we have to think about," said the Director General of the UN Conference on Trade and Development, Supachai Panitchpakdi, adding that there was a "need to prevent another bubble ... read more 
Ann Arbor, Mich. (UPI) Sep 8, 2009 A University of Michigan study shows a population shift to the warmer and more moderate climates of the U.S. west and southwest has reduced energy demand. The study, led by research Professor Michael Sivak, found the average individual energy demand for heating and cooling has decreased by 11 percent per person since 1960. "The relative increases in population in more moderate ... more
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Berlin (UPI) Sep 8, 2009 Germany's popular cash-for-clunkers program was ending as experts were unsure whether it has really helped revive the economy and green the country's car industry. Around 2 million Germans have applied for the $3,600 rebate for turning in their old cars for new ones since the government launched the $7 billion program in January. At the time, it was the world's first, but it has ... more  
Paris (AFP) Sept 8, 2009French academics bent university rules to award degrees to Chinese students who did not merit them, Higher Education Minister Valerie Pecresse said Tuesday, ordering prosecutors to investigate. The minister spoke after seeing the results of an investigation into the Sud Toulon Var university, which reportedly handed out diplomas to hundreds of Chinese students in exchange for corrupt payment ... more 
Beijing (AFP) Sept 8, 2009University graduates looking for work in a city in eastern China will be given "job-hunting maps" showing which companies are hiring and how to find them, state media reported Tuesday. The maps will be distributed for free at universities, bus stations and employment agencies in Hangzhou, Zhejiang province, from this month, the English-language Global Times reported. "We clearly ... more |
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Shanghai (AFP) Sept 8, 2009China's banking regulator said Tuesday that the ability of banks to manage risk will be a factor in granting market access, raising a new potential obstacle for foreign lenders eyeing the Chinese market. "The international financial crisis exposed a number of problems in the reputation of risk management at commercial banks," the China Banking Regulatory Commission said when issuing the new ... more  
Hong Kong (AFP) Sept 8, 2009The head of Hong Kong carrier Cathay Pacific on Tuesday lashed out at aircraft and parts suppliers such as Boeing and Airbus for charging airlines more for their products despite the economic downturn. In a rare outburst against suppliers, Cathay chief executive Tony Tyler said aircraft and parts manufacturers continued to hike prices and called for closer alignment between the interests of ... more  
San Jose CA (SPX) Sep 09, 2009The French retailer Casino Group and SunPower have announced that SunPower will supply 14 megawatts of high-efficiency solar photovoltaic panels to the supermarket conglomerate by the end of this year. Casino Group will use the panels to install solar power systems ranging from 900 kilowatts to 5 megawatts on rooftops and parking structures on supermarket locations in mainland France and ... more |
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