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World Bank sees 'signs of bubbles' in Chinese economyWashington (AFP) Jan 20, 2010 The lead author of a World Bank report on the global economy published Wednesday said the bank sees "signs of bubbles" in the Chinese economy, a problem he said the Chinese government acknowledges. "We can already see some signs of bubbles and signs of tensions in the Chinese economy, in particular in the housing sector," said Andrew Burns, head of the bank's macroeconomic forecasting, at a news briefing Tuesday under embargo until the report was released late Wednesday in Washington. ... read more |
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German solar power market faces overhaulBerlin (UPI) Jan 22, 2009 The world's biggest solar energy market faces a major overhaul as the German government plans a significant cut to solar subsidies. After talks with officials from the solar industry, Berlin proposed a 15 percent cut to the sum it pays for power from photovoltaic panels on top of the 5 percent already agreed. The so-called feed-in tariff requires large utilities to buy up power generated by solar panels at prices several times the market value. This has led to German companies leading t ... read more |
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London (AFP) Jan 22, 2010Most commodity markets fell this week as traders fretted over possible moves by Beijing to rein in the booming Chinese economy, which is a major consumer of raw materials. However, sugar rocketed to a 29-year peak and cocoa forged a 33-year pinnacle as both were pushed higher by keen demand and tightening supplies. "China remains at centre stage," said Barclays Capital analysts in a rese ... more  
Moscow (AFP) Jan 22, 2010A leak from Russia's new Siberian oil pipeline shows the potentially damaging consequences the project could have for the endangered Siberian tiger, an environmental campaign group warned on Friday. Around 300 cubic metres (10,600 cubic feet) of oil leaked from the pipeline in eastern Siberia, Igor Dyomin, spokesman for Russian oil pipeline monopoly Transneft told AFP. The leak covered a ... more  
Paris (AFP) Jan 22, 2010French President Nicolas Sarkozy Friday urged monthly meetings of 28 nations to better prepare for December's climate conference in Mexico after the failure to get a binding treaty in Copenhagen. "France would like regular monthly meetings of the Group of 28 to be held from March in New York or in Bonn at the ministerial or sherpa level to flesh out proposals ... and we can then arrive in Ca ... more |
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  Obama's plan will unlikely trouble Asia's banks: analysts  China to step up efforts to avert overheating: analysts  Instant online solar energy quotes Solar Energy Solutions from ABC Solar |
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Seattle to increase 'garbage power'Seattle (UPI) Jan 21, 2009 Seattle, which gets a small amount of electricity from its own trash, plans to increase its garbage power significantly, city officials say. The city of 602,000 plans to outfit a second landfill to pump methane gas from refuse by 2012, adding to an existing landfill in Arlington, Ore., where Seattle's garbage is taken by train, officials said. The city first began getting electricity from the Arlington plant in October. "This is part of our strategy," City Councilman Bruce Harrell, ... read more |
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