24/7 Energy News Coverage
September 21, 2011
CIVIL NUCLEAR
Despite Fukushima, India bullish on nuclear
Vienna (AFP) Sept 21, 2011
Nuclear energy remains vital for developing countries even after the Fukushima disaster in Japan, India's atomic energy chief told the UN atomic agency's annual gathering on Wednesday. "The role of nuclear power as a safe, clean and viable source to meet energy needs, as well as to adequately address the concerns of global warming and climate change, cannot be undermined," Srikumar Banerjee said. "This is all the more so for developing countries and emerging economies, which aim to provide a bet ... read more

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AEROSPACE

Airbus aims to dominate China market
Airbus aims to have more than half the lucrative Chinese aviation market by the end of 2015, a senior executive said Wednesday, as the European giant seeks to close in on rival Boeing. ... more
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CAR TECH

Typhoon halts production at 11 Japan Toyota plants
A powerful typhoon forced auto giant Toyota to halt production at 11 of its 15 plants in Japan on Wednesday, the company said. ... more
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CIVIL NUCLEAR

China to restart nuclear projects in 2012: report
China will start approving new nuclear power projects next year after suspending them in the wake of the disaster at Japan's Fukushima atomic plant, state media said Wednesday. ... 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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CAR TECH

GM bets on fast-growing China auto market
General Motors said Wednesday China would be the world's fastest growing auto market over the next decade, as it unveiled its latest bid to give it a greater slice of the clean energy vehicle segment. ... more
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TRADE WARS

Japan records huge trade deficit as imports soar
Japan logged a huge August trade deficit, data showed Wednesday, as utility firms imported fuel to meet electricity demand with many nuclear reactors still offline amid post-Fukushima disquiet. ... more
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TRADE WARS

Old luxury handbags get new life in Hong Kong
Byron Yiu once eked out a living by hawking sunglasses at a Hong Kong street stall, but has made his fortune by turning traditional shopping habits around and re-selling rich women's luxury handbags. ... more
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CAR TECH

It's a hard day's night for Shanghai taxi drivers
Streets full of traffic jams, bad pay, rising petrol costs and 20 hours a day behind the wheel have left Nie Haiming, a Shanghai taxi driver, exasperated and bitter. ... more
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24/7 News Coverage
One billion years of protein evolution reveals surprising design flexibility
MetOp Second Generation satellite fully fuelled ahead of August launch
We tracked illegal fishing in marine protected areas - satellites and AI show most bans are respected, and could help enforce future ones
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POLITICAL ECONOMY

World Bank tells LatAm to leverage Chinese funds
Latin America should leverage China's strong buying of the region's raw materials to strengthen their own reforms and boost long-term growth prospects, the World Bank said Tuesday. ... more
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ENERGY TECH

Philippine leader says China to be 'reasonable'
Philippine President Benigno Aquino said Tuesday that he expected China to be "reasonable" over tense territorial disputes so long as Beijing is given a way to save face. ... more
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ENERGY TECH

Brazil energy boom spurs $1 billion deals
Brazil's energy boom is generating contracts worth hundreds of millions of dollars, the latest of those worth more than $1 billion going to multinational giants GE and Teledyne, and industry analysts predict more business for U.S. companies. ... more
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THE PITS

India acquires Australian coal assets
Indian conglomerate GVK Group said it will pay $1.26 billion to buy a majority stake in three coal mines and a port and rail project from Australia's Hancock Group. ... more
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TRADE WARS

Outside View: Why gold is so high
Since U.S. President Barack Obama took office, the price of gold has more than doubled to about $1,800 an ounce and public approval of his handling of the economy has more than halved. These are much connected events. ... more
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CAR TECH

GM and SAIC to develop electric vehicles in China
General Motors has signed an agreement with its Chinese partner to develop electric vehicles in China, the world's largest auto market, the two companies said Tuesday. ... more
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AEROSPACE

IATA ups 2011 airlines profit outlook, 2012 weak
Airlines globally are expected to post a net profit of $6.9 billion this year as stronger passenger numbers offset the impact of the weak global economy, industry group IATA said Tuesday. ... more
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ENERGY TECH

Explosion at Iraq oil field partially halts output
An explosion at Iraq's biggest oil field on Tuesday sparked a massive fire that partially halted crude production, the state-owned South Oil Co and Britain's BP said. ... more
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Space News from SpaceDaily.com
Mars glaciers are purer and more uniform than previously thought
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TRADE WARS

China tells US, EU to open up for investment
The United States and Europe should be more open to Chinese investment as they seek help in resolving crippling sovereign debt crises, China's state Xinhua news agency said Tuesday. ... more
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POLITICAL ECONOMY

Global turmoil to clip China growth: IMF
The IMF on Tuesday cut its growth forecast for China's export-driven economy, saying that turmoil in Europe and the United States, as well as a sustained anti-inflation drive, would take a toll. ... more
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POLITICAL ECONOMY

Quake-hit Japan must also tackle debt mountain: IMF
Japanese leaders guiding the reconstruction after March's devastating earthquake and tsunami must next set their sights on reducing an unsustainable mountain of public debt, the IMF said Tuesday. ... more
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POLITICAL ECONOMY

IMF warns global economy in danger zone
The global economy has entered "a dangerous new phase," with a recovery that is much weaker than was predicted just months ago, the International Monetary Fund warned Tuesday. ... more
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TRADE WARS

Asia must build domestic demand as West reels: IMF
Asia's resilient economies are on a strong growth track, but must build up demand from their newly affluent consumers to offset shrinking exports to the crisis-hit West, the IMF said Tuesday. ... more
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CIVIL NUCLEAR

Czech power giant CEZ to press ahead with atomic energy
Czech state-run power giant CEZ will press ahead with nuclear energy in order to assure the country's future energy independence, its top executive said in a newspaper interview Tuesday. ... more
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CIVIL NUCLEAR

No leak of key info in Mitsubishi cyber attack: Japan
Japan's defence minister on Tuesday said cyber attackers who breached security at defence contractor Mitsubishi Heavy Industries had not got their hands on any sensitive information. ... more
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SOLAR DAILY

China takes over as US solar power firms fail
China's solar power firms are emerging as the industry's dominant force after the collapse of foreign competitors, but the new market leaders are already struggling with low prices and overcapacity. ... more
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Military Space News, Nuclear Weapons, Missile Defense
BlackSky to supply satellite imagery and analytics for Latin American security operations
GovSat selects Thales Alenia Space to build secure satellite for military communications
SES and Luxembourg to expand military satcom with next generation GovSat2
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THE PITS

China, India buy up Australian coal field
Energy-hungry India and China have snapped up almost all of Australia's next big coal field, the northern Galilee basin, three years before production even begins, a report said Tuesday. ... more
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TECH SPACE

Personalised 3D avatars for real life
An avatar is really no more than a graphical representation, generally human, which is associated with a user for identification purposes. Avatars can be either photographs or art drawings, and cert ... more
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TECH SPACE

3D television without glasses
When the boundaries merge between the action and the viewer, television becomes a special experience. Fraunhofer research scientists are optimizing the technologies that make it possible to watch TV ... more
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TECH SPACE

New technology for recovering valuable minerals from waste rock
Researchers report discovery of a completely new technology for more efficiently separating gold, silver, copper, and other valuable materials from rock and ore. Their report on the process, w ... more
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ENERGY TECH

Ukraine: Will pay Russian gas bill on time
Ukrainian Prime Minister Mykola Azarov says his country will pay its natural gas bills to Russia on time, thus avoiding a winter European supply shutdown. ... more
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CIVIL NUCLEAR

India wants new tests before French reactors order
India wants new test results in light of the Fukushima disaster before finalising a multi-billion-euro order for new reactors with French nuclear energy giant Areva, France's Energy Minister Eric Besson said Monday. ... more
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AEROSPACE

Italy's Finmeccanica says to cut 1,200 aviation jobs
Italian defence industry group Finmeccanica said Monday it plans to cut 1,200 jobs from its Alenia Aeronautica aviation unit, or 10 percent of the division's workforce. ... more
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ENERGY TECH

Payout agreed over San Francisco oil spill
The owners and operators of a cargo ship that struck San Francisco's Bay Bridge four years ago causing a huge oil spill are to pay $44.4 million in compensation, under a deal announced Monday. ... more
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