While the city seems to be doing an impressive job feeling its way through the dark, its unclear just how long it will be until the city returns to normal. Related Article: http://www.ft.com/intl/cms/s/0/17fc63e8-242e-11e2-9509-00144feabdc0.html#axzz2AuroBIrK
Former Prime Minister John Howard has affirmed earlier this August that the Australia n economy is at a solid state as claimed by the Labor-led federal government, according to a report over the weekend by the Australia n Financial Review (AFR). The publication, however, also reported Mr Howard as saying that the robust domestic economy was realised too because Australia has rich mineral reserves and not merely on the economic policies espoused by Prime Minister Julia Gillard and Treasurer Wayne Swan. "When the Prime Minister and the Treasurer say that the economy is doing better than most, they are right
China Aims to Minimize Reliance on Coal, Invests Billions on Energy Conservation, Anti-Pollution Measures
The Chinese government has set aside up to 2.37 trillion yuan ($373 billion) for investment into energy conservation and anti-pollution projects over the next three-and-a-half years, claimed a report by Reuters on Wednesday, with $155 billion of the money already earmarked for energy efficient projects that could reduce the nation's reliance on coal. According to a report by China 's State Council , the nation is likely to reduce the amount of energy it uses to produce every unit of gross domestic product by 16 percent from 2010 to 2015 , while the Ministry of Industry and Information Technology (MIIT) has also set an overall 21 percent energy intensity reduction target for industry over the same period. If all the energy projects work out, the world's second-biggest economy could also be set for energy savings equal to nearly 670 million tons of standard coal equivalent energy , added the State Council, who cautioned numerous industries - including steel and cement manufacturers - to reduce their energy use per unit of production
(Reuters) -- German Chancellor Angela Merkel voiced support for Bundesbank chief Jens Weidmann on Sunday, saying she welcomed his warnings about the handling of the euro zone debt crisis and saw his influence within the European Central Bank as positive.
Germany rejected Sunday calls to give Greece more time to implement economic reforms, with the economy minister saying in an interview that Athens needs to respect the bailout deal reached with its international creditors.
India and Great Britain has called on China and other countries, including Thailand , Vietnam and Laos, to close their “tiger farms,” citing that such enterprises ruin conservation efforts designed to save the big cats. Conservationists have warned that the global wild tiger population, which totaled some 100,000 in 1900, has since shrunk to about 3,000
The US trade deficit narrowed sharply in February with a $6.3-billion decline in imports and a mere $240-million gain in exports, resulting in increasing the estimate for first-quarter GDP growth to 2.5 percent, according to analysts. Part of the sharp narrowing in the trade deficit, to $46.0 billion in February from $52.5 billion in January, was due to a fall in the value of oil imports triggered by a drop in the number of barrels being imported. But the non-petroleum deficit also narrowed to $18.2 billion from $22.9 billion
The American Petroleum Institute, the largest oil industry trade group, called upon the U.S. Environmental Protection Agency Thursday to improve its air emission standards ahead of their expected unveiling next week. For the past several months, the EPA has been formulating new air pollution standards for natural gas development that would decrease the permissible amount of volatile organic compounds (VOCs) emitted into the air
Residents across six states began the difficult work of rebuilding after violent storms and tornadoes pulverized thousands of homes and killed at least 37 people.
Some residents of southern Indiana wonder whether their communities can survive after tornadoes cut a swath of destruction through the region this weekend. WSJ's Jack Nicas reports.