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Hungarian aluminium company offers compensation to victimsBudapest (AFP) Oct 7, 2010 MAL, the company at the centre of the massive toxic spill that has devastated parts of western Hungary and poisoned rivers, offered Thursday to pay compensation to families hit by the disaster. MAL Hungarian Aluminium Production and Trade Company - whose owners are among the richest individuals in the country - plans to pay "rapid aid" of 360 euros (504 dollars) to each family, or 110,000 euros in total, said Karoly Tili, the mayor of one of the hardest-hit villages. The exact cause of the acc ... read more |
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Baghdad (UPI) Oct 6, 2010 Iraq's sharp upward revision of its oil reserves to 143.1 billion barrels, and the prospect that there's much more to come, has cemented the country's status as a long-term energy producer when researchers say global oil output is set to decline. The Oil Ministry's announcement Monday raised Iraq's known oil reserves by 24 percent, eclipsing Iran's declared reserves of 137.6 billion bar ... more  
Brussels (AFP) Oct 6, 2010Chinese Premier Wen Jiabao hit back at Japan Wednesday in a row about shipments of rare earth minerals, threatening fresh strains between the northeast Asian giants over a key high-tech resource. "We will not block the rare earth market," Wen told an audience of business figures in Brussels ahead of a fractious summit with EU leaders marred by a dispute over the yuan and other differences. ... more 
Brussels (AFP) Oct 6, 2010China and the European Union wound up a tug-of-war summit Wednesday failing to bridge wide rifts on a gamut of issues ranging from trade to human rights. "As in any true partnership, the EU and China have commonalities but also differences of approach," said EU president Herman Van Rompuy in a short statement released as the divisive one-day get-together wrapped up. "This should not impe ... more |
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 Asian growth needs stronger currencies: IMF  Chinese patrol boats withdraw from disputed waters: Japan   Instant online solar energy quotes Solar Energy Solutions from ABC Solar |
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EU, China confess to differencesBrussels (AFP) Oct 6, 2010 China and the European Union admitted Wednesday to a gamut of divisive issues in efforts to seal an entente on economic and foreign policy matters. Opening a one-day China-European Union summit, both Chinese Premier Wen Jiabao and EU president Herman Van Rompuy admitted to differences of view after Wen told European leaders to back off from demands that Beijing increase the value of the yuan. "I say to Europe's leaders - don't join the chorus pressing (China) to revalue the yuan," Wen told a Eu ... read more |
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