Africa can become global economic power: UN report
byUnited Nations, April 24 (IANS) Changes in world order since the turn of the century — including greater political stability in Africa and a…
Business
Ghana’s new oil field to produce 76,000 barrels per day
byAccra, April 24 (IANS) Oil production from Ghana’s Tweneboa Enyenra and Ntomme (TEN) oil field is expected to be 76,000 barrels per day and…
China’s biofuel test flight successful
byBeijing, April 24 (IANS) Sinopec, China’s top oil refiner, Wednesday announced the success of the first test flight powered by the company’s newly developed…
Spain’s economy contracts
byMadrid, April 24 (IANS/EFE) The Spanish economy contracted 0.50 percent in the first quarter, the Bank of Spain said. The rate of economic contraction…
Recession-hit Italians cutting medical expenses
byRome, April 24 (IANS/AKI) More than half of households in recession-hit Italy are regularly buying food at discount stores and slashing their medical expenses,…
Diamonds worth $18 mn sold by Russian state firm
byMoscow, April 24 (IANS/RIA Novosti) Russia’s State Precious Metals and Gems Repository has auctioned 572 large-size raw diamonds for $17.87 million, a finance ministry…
EU plan to buy oil from rebels ‘illegal’, says Syria
byBeirut, April 24 (IANS/RIA Novosti) The Syrian authorities have called the European Union’s decision to allow the import of Syrian oil and its derivatives…
China offers Russia floating n-plant joint project
byMoscow, April 24 (IANS/RIA Novosti) China has proposed that Russia join forces with it to build and operate floating nuclear power plants, a top…
Bill Gates visits Dubai
byDubai, April 24 (IANS/WAM) Bill Gates, co-chair of the Bill & Melinda Gates Foundation and chairman of Microsoft Corporation, is on a visit to…
Etihad Airways gets locally-financed aircraft
byAbu Dhabi, April 24 (IANS/WAM) Etihad Airways, the national airline of the UAE, has taken delivery of a Boeing 777-300ER aircraft financed by a…