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Ecuador orders Chevron pay $8 bln over oil spillQuito (AFP) Feb 14, 2011 A court in Ecuador on Monday ordered oil giant Chevron to pay eight billion dollars for allegedly causing environmental damage in the country between 1964 and 1990, according to a lawyer for the plaintiffs. Chevron faces claims it was responsible for damage in the Amazon rainforest caused by oil extraction by Texaco, a company it bought in 2001. "The Ecuadorian court's judgment is illegitimate and unenforceable," Chevron said in a statement. "It is the product of fraud and is contrary to the leg ... read more |
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  Japan eclipsed by China as world's second economy Japan surrendered its 42-year ranking as the world's second-biggest economy to China in 2010, after data Monday showed a fourth-quarter contraction caused by weaker consumer spending and a strong yen. ... more | .. |
 Egypt concerns spur Israeli gas drive Israel's concerns that the downfall of Egyptian President Hosni Mubarak could end the countries' 1979 peace treaty and halt supplies of natural gas from the Arab nation has spurred efforts to develop the Jewish state's offshore gas fields as soon as possible. ... more | .. |
  Cellulosic Biomass The Challenge For Biofuels A combination of rising costs, shrinking supplies, and concerns about global climate change are spurring the development of alternatives to the burning of fossil fuels to meet our transportation ene ... more | .. |
 Hong Kong to restrict foreign homebuyers from 2013 US judge OKs partial settlement in e-book case Nordic-Baltic states seek more cooperation Outside View: Jobs outlook grim Empire-style computers? Frenchman takes PCs to lap of luxury Google-Microsoft field smartphones to take on iPhone 5 EU businesses urge China's new leaders to speed reforms |
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 Biofuel plant planned for Florida The United States' first facility to produce advanced biofuels from waste on a commercial scale is planned for Florida, project developers said. ... more | .. |
  Vattenfall may not restart German reactor Swedish utility Vattenfall might not restart its error-prone reactor in Brunsbuettel, near Hamburg, because modernizing it might prove too costly, Vattenfall Chief Executive Officer Oystein Loseth said. ... more | .. |
  LED Products Billed As Eco-Friendly Contain Toxic Metals, Study Finds Those light-emitting diodes marketed as safe, environmentally preferable alternatives to traditional lightbulbs actually contain lead, arsenic and a dozen other potentially hazardous substances, acc ... more | .. |
  Researchers At Harvard And MITRE Produce World's First Programmable Nanoprocessor Engineers and scientists collaborating at Harvard University and the MITRE Corporation have developed and demonstrated the world's first programmable nanoprocessor. The groundbreaking prototyp ... more |
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Early Earth may have had active plate tectonics far sooner than thought
Comet debris signs found in Baffin Bay sediments linked to Younger Dryas cooling
Lioness present in northeast C.Africa for first time in years; New species teem in Cambodia's threatened karst | .. |
  Researchers Discover A New Class Of Magic Atomic Clusters Called Superhalogens An international team of researchers has discovered a new class of magnetic superhalogens - a class of atomic clusters able to exhibit unusual stability at a specific size and composition, which may ... more | .. |
 Nanonets Give Rust A Boost As Agent In Water Splitting's Hydrogen Harvest Coating a lattice of tiny wires called Nanonets with iron oxide - known more commonly as rust - creates an economical and efficient platform for the process of water splitting, an emerging clean fue ... more | .. |
  Israel gears up to go electric These heralds of a new age are remarkably quiet. No drums, no trumpets, just the whirr of a robot changing batteries and an electric car silently gliding around the Better Place test track. ... more | .. |
Oil workers in Iraq's Kirkuk threaten strike Some 300 day workers at Iraq's state-owned North Oil Company on Saturday warned they would go on strike if their work conditions did not improve, threatening oil production that is the lifeline of the country's economy. ... more |
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  US trade gap widens as China deficit hits record The US trade deficit grew in December as imports rose at the fastest pace since June, while the politically sensitive gap with China hit a record for the year, official data showed Friday. ... more | .. |
US takes two China trade disputes to WTO The United States said Friday it had taken trade disputes with China over US steel imports and electronic payment services to the World Trade Organization. ... more | .. |
Despite protests, Panama liberalizes mining law Lawmakers in Panama approved legislation Thursday to attract foreign investment to its mining industry, despite opposition from students and indigenous groups. ... more | .. |
  Italian banks join solar energy project Italy's two biggest banks, Unicredit and Intesa Sanpaolo, on Friday said they have joined the German-led Desertec project to build giant solar power stations in North Africa and the Middle East. ... more |
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Four astronauts home from space station after splashdown
Perseid meteor shower set to peak Aug. 12-13
From Click to Compromise: How One Download Can Infect Your Mac with a Trojan | .. |
  Boeing, EADS submit final bids for US tanker deal US aerospace giant Boeing and European rival EADS said Thursday they were submitting their final bids to the US Air Force for a hotly contested, $35 billion aerial refueling tanker contract. ... more | .. |
China eyes Mideast's energy resources Qatar is negotiating with China to supply the state-owned energy giant Sinopec with millions of metric tons of natural gas a year to feed the Middle Kingdom's voracious energy appetite. ... more | .. |
  Australia's emissions set to rise Australia's emissions could be 24 percent higher in 2020 than in 2000 if the government continues with current policies, a new study shows. ... more | .. |
Canada to review PetroChina's shale gas bid Canada's industry minister said Friday he will review Chinese oil giant PetroChina's $5.4-billion investment in a Canadian shale gas project developed by North America's top gas producer Encana. ... more |
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China regional banks told to hike reserves: report China's central bank has ordered some small and medium-sized banks to raise their reserves in the latest in a series of such hikes aimed at reining in inflation, state media said Friday. ... more | .. |
US commerce secretary urges more India reform US Commerce Secretary Gary Locke on Thursday called on India to create more jobs and upgrade its infrastructure as it embarks on a rapid growth path. ... more | .. |
PetroChina to invest Can$5.4 billion in Canada gas Chinese oil giant PetroChina will pay Can$5.4 billion ($5.43 billion) for a 50 percent stake in a shale gas project developed in Canada by Encana, North America's top gas producer, the firms said Thursday. ... more | .. |
China Jan-Feb inflation may top 5%: state media China's inflation could exceed five percent for the first two months of the year, a government economist has warned in comments published by state media on Thursday. ... more |
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Trump, Putin agree to meet next week in Alaska
Iran will not allow Trump-backed corridor linking Azerbaijan to exclave; Russia cautious
Trump says Armenia, Azerbaijan commit to end fighting 'forever' | .. |
Russia to boost defences on Kuril islands: Medvedev Russian President Dmitry Medvedev Wednesday ordered the deployment of extra weaponry on the Kuril islands claimed by Japan, escalating tensions in a dispute that has festered since World War II. ... more | .. |
 Obama budget asks to ramp up clean energy US President Barack Obama proposed Monday to ramp up research in clean energy and develop small new nuclear reactors, signaling that climate remains a priority for him despite tough budget times. ... more | .. |
800 million more air travellers by 2014: IATA Eight-hundred million more people will travel by air by 2014, over a quarter of them from China, raising the need for more efficient traffic management and airports, IATA trade body said Monday. ... more | .. |
Taiwan's AU Optronics ventures into solar energy Taiwan's AU Optronics, a leading flat-screen maker, has kicked off a multi-billion-dollar foray into solar power, one of the island's growth industries, officials and media said Tuesday. ... more |
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Ecuador orders Chevron pay $8 bln over oil damage A court in Ecuador on Monday ordered US oil giant Chevron to pay an estimated $8 billion for causing environmental damage in the Amazon region, in a ruling that both sides plan to challenge. ... more | .. |
Peru faces copper competition from China Peru is facing growing competition from China for its share of the global copper ore market, which is at the risk of shrinking amid aggressive mining and marketing by East Asia's economic giant. ... more | .. |
Argentina, US in diplomatic spat after cargo seized Argentina on Monday accused the United States of being uncooperative with a probe into why undeclared weapons and drugs were sent the South American country on a US military aircraft last week. ... more | .. |
Problems abound for China despite number-two rank China's triumph in overtaking Japan as the world's number two economy masks a worrisome over-reliance on exports and investment, and lagging social development, analysts say. ... more |
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