Shipments of Weyerhaeuser’s Lumin plywood to Europe will double in 2011 following a large investment at the company’s mill in Uruguay.
Work on India’s third research station in Antarctica for undertaking studies on various subjects, including climate change, is on track and will be completed in two years, a top scientist said Wednesday.
Oilfield equipment specialist Titan Torque Services has secured a six-figure contract to provide support services for exploration work off the Falkland Islands in the South Atlantic. The company signed a one-year deal with well management company AGR Petroleum Services to provide torquing facilities in support drilling rig “Ocean Guardian” operations.
Polar Star Expeditions reported that following an underwater inspection of the MV Polar Star’s outer hull, it has decided to disembark the ship’s 80 passengers at King George Island in the South Shetland Islands as a precautionary measure before crossing the Drake Passage and returning to Ushuaia, Argentina.
Copper hit a record price of 10,000 USD per ton on Thursday on the back of growing worldwide economic optimism and concerns about the impact of an Australian cyclone on stretched global supplies.
Brazil is to provide free medicines for everyone suffering from high blood pressure or diabetes. The drugs will be distributed as of next month through a nationwide network of budget pharmacies, where many medicines are already heavily subsidised.
UK’s Vodafone was ordered to send mobile-phone text messages by the Egyptian government, urging people to confront “traitors and criminals” as demonstrators demanded the ouster of President Hosni Mubarak.
The world is going into a period of food volatility and supply disruptions due in part to weather related problems and a backdrop of rising prices, the UN World Food Program's executive director said.
The collapse of the Spanish property prices helped pull annual profit down 8.5% at the Euro zone largest bank Santander. Solid results from Brazil and Britain, which each account for more profit than Spain at the diversified bank, failed to calm fears about exposure to a stagnant domestic economy, struggling to shake off the worst recession in half a century.
Competition with top trading partner China is costing Brazilian industry valuable market share, the National Confederation of Industry (CNI) in South America's largest economy said on Thursday.