Nuclear disaster in Japan forced all mankind to change the strategy of using nuclear energy and to seek alternative sources. In this context, natural gas appears to be the most important substitute, the demand will explode in coming decades. What states have the most important gas reserves?
Japan is already the largest buyer of liquefied natural gas. Global demand for gas is estimated to reach 5.1 trillion cubic meters in 2035, from 3.3 TMC today.
German research organization and expertise in automotive TUV published list of car models that have the highest failure rate, almost the least reliable cars tested in 2010. Cars analyzed were divided into four categories according to age: 10-11 years, 8-9 years, 6-7 years and 2-3 years.
To achieve the top, the Germans took into account the damage rate to 1,000 cars in the same model, defects discovered after the periodical technical inspections. For example, Dacia Logan occupies the sixth position from the tail, in the category of 2-3 years old, of 1,000 cars tested, the rate of defects discovered at 11 units.
Traffic Times and The Sunday Times publications has decreased almost by half, three months of the subscription fee to access the content, according to research conducted by Nielsen Company. According to estimates made by Nielsen, two publications have been an estimated 362,000 paying readers.
Nielsen estimated that about 1.78 million unique users in the UK and visited homepages of thetimes.co.uk sundaytimes.co.uk, suggesting that only 20% of readers are paying subscribers.
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European leaders said they wouldn't let Greece succumb to its credit crisis, in an unprecedented pledge of support that could push the 16 countries that share the euro currency closer to collective responsibility for their budgets and debts.
Countries belonging to the euro "will take determined and coordinated action, if needed, to safeguard financial stability in the euro area as a whole," leaders of the European Union declared at a summit in Brussels on Thursday, after discussing Greece's budget crisis.
It was a watershed acknowledgment that the fiscal problems of one euro-zone country have now become the problems of all. That's a historic step for Europe in its 11-year-old experiment with a common currency. Until now, member countries had fiercely defended their sovereignty over taxes and spending, even though they share the euro and a common central bank.
To motivate people to act green, the government of Germany launched a program that allowed people to give away their old vehicles with a high level of pollution in exchange for cash. The government's program involves awarding cash for the cars that have been clunked, but it seems that one tiny detail was not taken into consideration. The German police started an investigation and discovered that the cars that supposed to be clunked are sold to countries in Africa and those located in Eastern Europe.
It was discovered that about 50,000 vehicles were brought to other countries after their owners in Germany threw them out. The information comes from Ronald Schulze, a specialist with the Association of Criminal Investigators, which represents a group of police sleuths. People who were found to do the dirty job said they found a good opportunity to make money. According to Schulze, there was an organized network that stole old cars in Germany.
With the global financial crisis there's no surprise that a lot of companies went bankrupt. Some of the biggest American companies that went under (whether before or after the crisis) are described below.
The year 2009 could be registered as the one in which a large number of public companies went bankrupt. Up till now the record is held by the year 2001 when 263 companies had to file for bankruptcy. If to combine the results of 2001 and those registered in the current year then it would turn out that the average speed would be 20 companies filing for bankruptcy a month, which would also be about 5 companies a week. Taking into consideration the fact that there are five working days in a week, the average figure could also be one company each working day.
The majority of international airports carry out a large number of flights. In this article you will discover about the busiest airports in the world, the ones that handle the largest number of flights. From the very beginning it is worth mentioning that the busiest airports are those that manage the maximum quantity of traffic of passengers and cargo. The Airports Council International (ACI) gives a specific definition of airport traffic, classifying it according to three criteria:
- Passenger Traffic: the overall number of passengers that board and de-board a plane, meaning the number of passengers in transit counted one time.
- Cargo Traffic: the overall loaded and unloaded cargo and mail counted in metric tons.
- Traffic Movement: the overall count of the number of take-offs and landings registered in an airport.
All of the data about the airports presented below was registered in the period between 2008 and 2009. Below you have the ability to observe the airport figures according to specified criteria.
China Zhongwang Holdings, Asia's biggest maker of aluminium extrusion products, began marketing on Monday for a Hong Kong IPO to raise as much as $1.58 billion in what would be the world's largest new listing so far this year.
The company is a beneficiary of Beijing's 4 trillion yuan ($585 billion) economic stimulus package, a big chunk of which is being spent on infrastructure.
The offering is the biggest test yet of investor appetite for new listings since the global meltdown in markets last year, and the fund-raising target is higher than the roughly $1 billion that the company and its bankers had previously considered.
Zhongwang, a private sector company based in Liaoning province, plans to sell 1.4 billion shares, or nearly 26 percent of its enlarged share capital, at HK$6.80-HK$8.80 each ahead of a May 8 trading debut, two sources with direct knowledge of the deal said on Monday.
During the global economic slowdown, a lot of countries in Europe and the American continent registered significant slumps in their economies, with many companies having issues with a decrease in sales, cuts in payments and costs and the loss of millions jobs. In the meantime the manufacturing sector of People's Republic of China registered a minor growth in March. This is the first growth throughout the past six month.
China Federation of Logistics and Purchasing had its purchasing managers index increased to 52.4 percent compared to the figure registered in February, when it showed 49 percent. It is worth mentioning that China Federation of Logistics and Purchasing represents the only legal large scale comprehensive logistics social organization, the creation of which was approved by the State Council and which is directly administered by the State Economic and Trade Commission (SETC) of the People's Republic of China.
The Japanese automobile manufacturing giant Honda, recently announced that it looks forward to start a program that involves the cutting of costs in North America, where the company registered a significant decrease in sales.
The company is to take measures in cutting pay, closing its plants for 13 days and decreasing its production by 62,000 cars. It will cut bonuses and offer improved retirement packages. At the same time Honda said that the basic pay will stay at the same level.
According to latest official figures, the Japanese carmaker registered a 24.5 percent decrease in sales during March, compared to the same period last year. However, Honda showed a minor slump in sales if compared to other Japanese car manufacturers like, for instance, the biggest automobile manufacturer in the world Toyota.
After the French government guaranteed to help the popular carmaker Renault, the company decided to transfer its car production back to its native country. Renault plans to continue developing its Clio Campus in the suburbs of Paris, shifting the production from Slovenia and thus creating 400 additional jobs in France. The statement was made by the French government minister.
At the same time the European Commission has ordered the French company to explain its goals regarding the plan to shift its production, considering the aim of Renault none either than protectionist. It is worth mentioning that in February the French government decided to offer Renault and Peugeot Citroen loans if the two companies will keep their car making plant open.