24/7 Energy News Coverage
August 05, 2011
CIVIL NUCLEAR
Japan vows to continue nuclear plant exports
Tokyo (AFP) Aug 5, 2011
Japan said Friday it would continue exporting atomic power plants, despite uncertainty over its own use of them as it continues to grapple with a crisis at the tsunami-hit Fukushima nuclear plant. Tokyo had actively promoted nuclear plant exports until a massive quake and tsunami on March 11 sent the Fukushima Daiichi facility into meltdown, causing it to leak radiation in the world's worst nuclear accident since the 1985 Chernobyl disaster. Japan reached an agreement last October to provide two ... read more

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ENERGY TECH

China sea claims threat to Asia peace: Manila
China's bold claims of control over the South China Sea are one of the biggest threats to peace in Southeast Asia, Philippine Foreign Secretary Albert del Rosario warned Friday. ... more
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POLITICAL ECONOMY

Untangling paradoxes in the debt crisis
For the average observer, the unfolding world economic crisis offers some bewildering paradoxes: untangling them however, helps give a clearer picture of the true state of play. ... more
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TRADE WARS

Baghdad's Shorjah market is Ramadan centre, 700 years on
A year after it reopened, following rampant violence, shoppers flocked to Baghdad's Shorjah market as they have for centuries to buy goods for the holy month of Ramadan. ... more
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24/7 Energy News Coverage
Amazon takes on iPad with new Kindle Fire tablet

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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TRADE WARS

Organized crime a national security risk
Obama signed an executive order last month placing economic sanctions on four crime groups - the Japanese Yakuza, Mexico's Los Zetas, the Italian Camorra and a network of Russian criminal leaders dubbed Brother's Circle. The nearly 80,000-member Japanese mafia organization has 22 designated subgroups that primarily target the manipulation of Japan's stock markets, in which many U.S. companies are invested. Yakuza members also are involved in loan sharking, real estate construction and the information technology industry. A crime group started by former members of the Mexican army, Los Zetas is "an all-purpose criminal organization," said George W. Grayson, a Latin American politics professor at the College of William and Mary. Russian organized crime "is much more fluid, networked [and] entrepreneurial" compared with the other groups, Galeotti said. Italy, the birthplace of the American Mafia, is home to the feared Camorra. ... more
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TRADE WARS

Brazil's U.S. dollar inflows reach record
Brazilian President Dilma Rousseff is busy dealing with a problem many emerging market leaders would love to have: billions of dollars of unwanted foreign investment flowing into the country, drawn to its interest rates and a strong currency. ... more
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TRADE WARS

Biden heading to China, Japan, Mongolia
US Vice President Joe Biden will visit China later this month in the wake of Beijing's pointed criticism of Washington's failure to solve its debt crisis after a prolonged political stalemate. ... more
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CAR TECH

Japan quake helps GM profits soar in Q2
Supply problems at earthquake-hit Japanese automakers helped General Motors nearly double profits in the second quarter, pushing up US sales and market share, company results showed Thursday. ... more
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24/7 News Coverage
BAE Systems completes delivery of NOAA and NASA space weather satellites for fall launch
Building blocks of life found in distant star system suggest origins in interstellar space
Deep-sea fish confirmed as a significant source of ocean carbonate
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ENERGY TECH

Nigerian oil pollution may need world's biggest clean-up: UN
Decades of oil pollution in Nigeria's Ogoniland region may require the world's biggest ever clean-up, the UN environmental agency said Thursday as it released a landmark report on the issue. ... more
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ENERGY TECH

Philippines pursues Spratlys oil
Despite contesting the Spratly Islands with a number of nations, including the Peoples' Republic of China, the Philippines will continue its oil exploration efforts there. ... more
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POLITICAL ECONOMY

Outside View: Where are the jobs?
Friday the U.S. Labor Department report jobs created in July and forecasters are expecting another poor showing - 75,000 jobs. My estimate is 55,000. ... more
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CIVIL NUCLEAR

Greenpeace urges S. Africa to abandon nuclear plans
Greenpeace urged South Africa Thursday to abandon its plans to expand nuclear power as part of its $127-billion scheme to overhaul the national energy supply. ... more
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CIVIL NUCLEAR

Japan sacks top nuclear energy officials
Japan will sack three top energy officials over their handling of the Fukushima atomic disaster and scandals that have eroded public trust in the country's nuclear policy, the government said Thursday. ... more
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CIVIL NUCLEAR

Hitachi and Mitsubishi 'to open merger talks'
Japanese manufacturing giants Hitachi and Mitsubishi Heavy are to start merger talks, reports said Thursday, as they look for growth beyond a shrinking domestic market and battle a strong yen. ... more
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TRADE WARS

Growth in China, Europe boosts Adidas profits
Growth in China and rich European countries boosted profits for German sportswear and equipment maker Adidas which Thursday reported an 11-percent hike in second quarter net profit. ... more
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BIO FUEL

Ethanol could be risk in U.S. pipelines
Plans to use existing U.S. pipelines to carry increasing ethanol production poses the problem the fuel can dramatically degrade them, researchers say. ... more
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Space News from SpaceDaily.com
Russian space chief to meet NASA head for first time in eight years
BlackSky to supply satellite imagery and analytics for Latin American security operations
Cascade raises 59M to develop full stack satellite communications platform
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TRADE WARS

Iron ore project threatened by politicking
Political controversy over an iron ore mine development in central Uruguay threatens to scuttle the project amid signs the Indian mining company and investment partner may be losing patience over the politicking by opposition and environmentalist groups, officials indicated. ... more
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ENERGY TECH

Pakistan proceeds with Thar coal project
Pakistan's first 50-megawatt gasified Thar coal reserves project is nearly complete. ... more
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ENERGY TECH

Nigerian, Korean firms building LPG plant
South Korea is to build a liquefied petroleum gas facility in Nigeria. ... more
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CAR TECH

Time running out for EU carmakers: Fiat chief
Time is "running out" for European carmakers to address structural problems, Fiat chief Sergio Marchionne said Wednesday as he slammed government bailouts of his competitors. ... more
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BIO FUEL

Growth slowing in EU biofuels market
Europe's appetite for biofuels increased but slackened its pace of growth in 2010, the third consecutive year the growth rate has declined, French analysts said this week. ... more
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CIVIL NUCLEAR

Britain to shut nuclear unit in wake of Japan disaster
Britain's government on Wednesday said it planned to shut part of a nuclear plant in Sellafield, northern England, as soon as possible and on commercial grounds following Japan's nuclear disaster. ... more
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POLITICAL ECONOMY

Obama seals US austerity bill, but markets anxious
The US debt mountain undermined financial markets Wednesday, even after President Barack Obama signed an emergency austerity bill which averted a disastrous debt default. ... more
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ENERGY TECH

Japan warns of Beijing's maritime policies
China's maritime activities are "overbearing" and arouse "anxiety about its future direction," Japan's annual Defense Ministry white paper states. ... more
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Military Space News, Nuclear Weapons, Missile Defense
North Korea warns US against pushing it to give up nukes
Iran vows stronger response if attacked again by US, Israel
Ukraine says Russian attacks targeted western city, home to airfield
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ENERGY TECH

Brazil bars Falklands shipping
Brazil intends to bar all Falkland-flagged shipping from its ports and backs Argentina's position that British-backed oil exploration in the South Atlantic islands' waters is illegal, it emerged after the two countries' presidents met in Brasilia. ... more
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ENERGY TECH

PetroVietnam pumps oil from Russian field
A Russian-Vietnamese joint venture has produced its first oil from the Visovol oil field in the Nenets autonomous region of Russia. ... more
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POLITICAL ECONOMY

China says US fails to defuse 'debt bomb'
China warned Wednesday that tortured efforts to raise the US limit on borrowing had failed to defuse Washington's "debt bomb", and signalled it would further diversify its holdings away from the dollar. ... more
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ENERGY TECH

Guards commander is Iran's new oil minister
Iran's conservative dominated parliament on Wednesday endorsed President Mahmoud Ahmadinejad's pick, a Revolutionary Guards commander targeted by international sanctions, to head the key oil ministry. ... more
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POLITICAL ECONOMY

Obama says austerity bill only a 'first step'
US President Barack Obama signed an emergency austerity bill Tuesday that averted a debt default, but warned the contentious plan was "just the first step" on a long road to economic recovery. ... more
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POLITICAL ECONOMY

Commentary: Unthinkable is reality
The nail-biting, cliff-hanger produced something that didn't pass mental math. To raise America's $14.3 trillion federal debt ceiling hours ahead of Tuesday's deadline by $2.4 trillion in two stages while committing to equal spending cuts over 10 years - still with me? - was more fool's bargain than bargain basement. ... more
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DISASTER MANAGEMENT

Japan moves closer to nuclear payout
Japan's government moved a step closer Wednesday to multi-billion-dollar compensation payouts for the victims of the country's enduring nuclear crisis, but angry farmers demanded faster action. ... more
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DISASTER MANAGEMENT

Maritime domain awareness, emergency response, and maritime system resilience issues
The National Center for Secure and Resilient Maritime Commerce (CSR) completed its 2nd Summer Research Institute, held on the campus of Stevens Institute of Technology in Hoboken, N.J. For the secon ... more
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