Norwegian renewable energy giant Statkraft has switched on the world's first osmotic power plant prototype - using a technology which produces electricity from a process which mixes fresh water and salty sea water.
Summer is coming to Chile in less than a month and climatologists predict thermometers will be rising more than usual due to El Niño, the warm ocean current that wreaks havoc on the climates of countries along the Pacific Ocean.
Falkland Oil & Gas Ltd. and Explorers Borders & Southern Petroleum are set to boost their coffers via share sales, with the cash earmarked for drilling work off the Falkland Islands, reports Upstreamonline. Oil rig “Ocean Guardian” left Scotland.
Brazilian cabinet chief Dilma Rousseff, and presidential hopeful for next year’s election, said that very soon she would no longer need to use a wig, forced on her since she had to undergo chemotherapy treatment.
Ecuador and China signed this week three cooperation agreements worth 442 million US dollars including a loan to buy four warplanes, announced the Ecuadorian government. The two countries are also planning joint operations in developing oil fields in the Amazon zone.
Volkswagen do Brasil said Thursday it will invest the equivalent of 3.5 billion US dollars in Brazil between 2010 and 2014 in an attempt to overtake Fiat as the country's number one car and truck retailer.
International Monetary Fund Managing Director Dominique Strauss-Kahn said the global economy has made remarkable progress and now stands at the cusp of recovery, but it still remains highly vulnerable to shocks and policy missteps
European, Asian and Latinamerican shares have been hit by concerns over Dubai's financial health, after a government-owned company asked for an extension on repaying its debts.
Honduras Supreme Court apparently has supported the ousting of deposed President Manuel Zelaya according to judicial sources which makes his reinstatement highly improbable.
Spain's main oil company Repsol is not interested in selling more than a minority stake in its Argentine YPF unit, despite a report it had a new Chinese bid on the table for a majority holding.