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![]() Dubai, United Arab Emirates (UPI) Dec 30, 2011 Iran's threat to close the choke point Strait of Hormuz, a strategic oil artery at the southern end of the Persian Gulf, is spooking global oil markets. If the Iranians do shut down the 112-mile waterway, they will cut off around some 15 million barrels of oil a day, largely for Asian markets, that pass through the strait in supertankers. That would send oil prices through the roof, even if the blockade lasts a few days. These concerns have been heightened by growing unrest in Ira ... read more |
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![]() Outside View: Saving the middle class The hollowing out of the U.S. middle class is a potent campaign issue. Almost everyone - even affluent professionals and entrepreneurs - want to identify with the middle class but, increasingly, the genuine middle is a tough place to be. ... more | .. |
![]() Russia, Turkey reach South Stream deal Turkey this week gave a boost to plans by Russia's Gazprom by issuing permits for its South Stream natural gas pipeline to be built under Turkish territorial waters. ... more | .. |
![]() Wind sector trade dispute revs up A coalition of U.S. manufacturers of utility scale wind turbine towers is calling for stiff tariffs on towers coming into the U.S. market from China and Vietnam. ... more | .. |
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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![]() Finnish nuclear plants get clean bill of health Finland's nuclear safety regulator Friday gave the country's four nuclear reactors a clean bill of health after stress tests commissioned by the European Council. ... more | .. |
![]() Taiwan, Hong Kong sign new aviation deal Taiwan and Hong Kong signed a new aviation agreement on Friday to add more flights between the two and boost trade and tourism, officials in Taipei said. ... more | .. |
![]() Spanish village celebrates nuclear waste depot Residents of a small Spanish village celebrated news Friday that their district will host a nuclear waste depot, a source of jobs in tough economic times. ... more | .. |
![]() US issues alert over Alaska volcano cloud The US Geological Survey has issued a heightened alert after a volcano on a remote Alaskan island belched a cloud of ash 15,000 feet high, potentially affecting trans-Pacific flight routes. ... more |
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![]() Asia shines as 2011 ends under eurozone cloud The sight of French President Nicolas Sarkozy running to Beijing to solicit funds to save the eurozone summed up what for some was the economic story of 2011 - Asia's boom versus the West's gloom. ... more | .. |
![]() Chinese firms bag India copper mining contracts Three Chinese firms have bagged contracts worth nearly $105 million to help India's only copper miner Hindustan Copper Ltd meet a target of boosting its output four-fold, the company said on Friday. ... more | .. |
![]() China court accepts lawsuit against ConocoPhillips A Chinese court has agreed to hear a lawsuit brought against US firm ConocoPhillips by a group of fishermen over an oil spill, state media said Friday. ... more | .. |
![]() China auto rules could ward off new firms: analysts China's decision to "withdraw support" for foreign investment in its auto sector is unlikely to see global firms leave the country but will make it harder for new carmakers to enter, analysts say. ... more |
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![]() Cuba moves closer to market economy As seismic shifts go, Cuba's embrace of a socialist-coated market economy is going ahead in full stream as if it was the most natural thing for its authoritarian government to do in between Communist Party conferences and populist pep talkathons. ... more | .. |
![]() Mercedes, BMW vie for US luxury car crown In a first, two German manufacturers - Mercedes-Benz and BMW - are dueling for the honor of being the top luxury brand sold in the United States. ... more | .. |
![]() Iran-US brinkmanship over oil strait worsens A showdown between Iran and the United States over Tehran's threats to close the strategic Strait of Hormuz to oil tankers worsened Thursday with warships from each side giving weight to an increasingly bellicose exchange of words. ... more | .. |
![]() Solar power use expands in S. America Latin America is investing more in solar power but, in line with International Energy Agency warnings, needs to do so intelligently and without multiplying costs. ... more |
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![]() Iran-US brinkmanship over oil strait worsens A showdown between Iran and the United States over Tehran's threats to close the strategic Strait of Hormuz to oil tankers worsened Thursday with warships from each side giving weight to an increasingly bellicose exchange of words. ... more | .. |
![]() US sends 'strong message' with Saudi fighter deal The United States announced Thursday the signing of a $30 billion arms deal to provide Saudi Arabia with 84 new fighter jets, a move it said sent a "strong message" to the Gulf region. ... more | .. |
![]() Kindle sales on fire: Amazon Amazon said Thursday that it sold more than one million Kindles a week in December with the new Kindle Fire tablet computer its top-selling item. ... more | .. |
![]() China limits foreign auto investment: Xinhua China said Thursday it will "withdraw support" for foreign investment in auto manufacturing to encourage domestic industry in the world's largest car market. ... more |
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![]() Harvard physicists demonstrate a new cooling technique for quantum gases Physicists at Harvard University have realized a new way to cool synthetic materials by employing a quantum algorithm to remove excess energy. The research, published this week in the journal ... more | .. |
![]() New technique makes it easier to etch semiconductors Creating semiconductor structures for high-end optoelectronic devices just got easier, thanks to University of Illinois researchers. The team developed a method to chemically etch patterned ar ... more | .. |
![]() DOE researchers achieve important genetic breakthroughs to help develop cheaper biofuels Researchers at the U.S. Department of Energy's (DOE's) Joint BioEnergy Institute (JBEI) have announced a major breakthrough in engineering systems of RNA molecules through computer-assisted design, ... more | .. |
![]() Proposals for reducing carbon dioxide emissions must balance with development needs Efforts to combat climate change should take into account the development levels of different countries when negotiating agreements, according to a study published in the Dec. 21 issue of the online ... more |
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![]() Raytheon to Provide Improved Surveillance Capability for National Airspace System Raytheon has been awarded a contract by the U.S. Air Force to incorporate Automatic Dependent Surveillance - Broadcast (ADS-B) capability into its suite of APX-119 Identification Friend or Foe (IFF) ... more | .. |
![]() Higher Costs And More Headaches Ahead For Nuclear Power In 2012 With the Fukushima disaster, earthquake-related reactor shutdowns, further reactor project cost escalation, infighting at the Nuclear Regulatory Commission (NRC), and cheap natural gas, 2011 was a y ... more | .. |
![]() US aircraft carrier 'spotted' in Iran wargames zone A US aircraft carrier entered a zone near the Strait of Hormuz being used by the Iranian navy for wargames, an Iranian official said Thursday amid rising tensions over the key oil-transit channel. ... more | .. |
![]() Strike at China LG plant ends after concessions Thousands of workers at a plant in eastern China owned by South Korea's LG Group have returned to work after the firm doubled bonuses to end a three-day strike, a government official said Thursday. ... more |
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![]() Record mining splurge makes global impact in 2011 The China-driven commodities boom transformed economies and environments across the globe in 2011, a year that saw cashed-up mining giants invest record amounts into extracting Earth's riches. ... more | .. |
![]() Tablets, e-readers closing book on ink-and-paper era Tablet computers and electronic readers promise to close the book on the ink-and-paper era as they transform the way people browse magazines, check news or lose themselves in novels. ... more | .. |
![]() US eyes first BP criminal charges over Gulf oil spill: WSJ US prosecutors are readying criminal charges against British oil giant BP employees over the 2010 Deepwater Horizon accident that led to the catastrophic Gulf oil spill, The Wall Street Journal reported online late Wednesday. ... more | .. |
![]() Death toll rises to 18 in Colombia pipeline blast The death toll from a huge pipeline explosion in western Colombia last week has risen to 18, officials said Wednesday after five people hurt in the blast succumbed to their injuries. ... more |
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