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 Berlin (AFP) Sept 9, 2009 
An ambitious project was unveiled in Germany on Wednesday to install mini gas-fired power plants in people's basements and produce as much electricity as two nuclear reactors within a year. The Hamburg-based renewable energy group Lichtblick and its automaker partner Volkswagen say the plants would produce not only heating and hot water but also electricity, with any excess power fed into ... read more 
Berlin (UPI) Sep 9, 2009 Europe's solar energy industry is facing a wave of bankruptcies because Asian companies offer their products much cheaper. Several German producers of solar cells, panels and modules, including large market-leading companies, have reported massive first-half losses. Q-Cells, one of the world's largest makers of solar cells, said it would cut 500 jobs, nearly a fifth of its ... more
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Vienna (AFP) Sept 10, 2009Oil producers' interests must be represented at a major UN climate change summit in December, the president of the OPEC crude producers' cartel urged at its output meeting on Wednesday. "Oil producers must ensure that their interests are properly represented in the post-Kyoto agreement," Jose Maria Botelho de Vasconcelos, Angola's oil minister and current OPEC president, told ministers at ... more  
Hong Kong (AFP) Sept 9, 2009Hotel group Marriott International announced Wednesday it was planning 21 new hotels in Asia, despite the impact of the global economic slowdown on travel and demand. The company already has 37 hotels under construction across the region, meaning that it will have built 58 new hotels by 2013, creating an estimated 24,000 jobs. "We are excited by these spectacular, architecturally ... more  
Stockholm (AFP) Sept 9, 2009Swedish sports car maker Koenigsegg said Wednesday it had teamed up with Beijing Automotive Industry Holding Co Ltd (BAIC) to buy Saab from its US parent company GM, a move that gives Saab access to China's rapidly growing car market. Koenigsegg Group said BAIC, China's fifth-largest automaker founded in 1958, would become a minority owner in Koenigsegg Group as part of a memorandum of ... more |
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Shanghai (AFP) Sept 9, 2009China's Sichuan Tengzhong Heavy Industrial Machinery said Wednesday that its talks with General Motors on a proposed deal to buy the US auto giant's gas-guzzling Hummer brand were ongoing. "We continue to discuss with GM on the deal... and we are still proceeding with getting approval from the commerce ministry," a spokeswoman for Tengzhong, a previously little-known company based in ... more  
Washington (AFP) Sept 9, 2009The United States made a preliminary decision Wednesday to slap tariffs as high as 31 percent on steel pipes from China following claims they were backed by unfair subsidies. The Commerce Department said it had "preliminarily determined" that Chinese producers or exporters of carbon or alloy tubular steel products used in oil and gas wells "have received net countervailable subsidies ranging ... more  
Paris (AFP) Sept 8, 2009Foreign ministers from major European countries pleaded on Tuesday for parties to the upcoming UN climate talks in Copenhagen to start negotiating earnestly to save Earth from the worst ravages of global warming. They also heaped praise on Japan's plan for a 25-percent cut in its carbon pollution, but said only a wider deal in Copenhagen would prompt the European Union (EU) to spice its own ... more |
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