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UN aviation body opposes EU emission trading scheme extension
UN aviation body opposes EU emission trading scheme extension The United Nations’ aviation industry group voiced strong opposition to the European Union (EU) plan to include non-EU carriers in its Emission Trading Scheme (ETS) on Wednesday. The International Civil Aviation Organization (ICAO), which coordinates aviation industry development among its 190 member states, adopted a resolution [...]
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China desert city woos sightseers as tourism market lulls
China desert city woos sightseers as tourism market lulls Dunhuang, a desert city in northwest Gansu province known for the Buddhist frescoes in its Mogao caves, has halved hotel rates and ticket prices hoping to draw more tourists. From Nov. 1 to April 30, a visit to the Dunhuang Mogao Grottoes, a world heritage site, [...]
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Chinese oil giants beef up diesel supply at authorities’ demand
Chinese oil giants beef up diesel supply at authorities’ demand China’s two oil giants have announced measures to increase diesel supply to ease shortages in many parts of the country at the demand of government authorities, local media reported Thursday. The National Development and Reform Commission (NDRC) talked with two state-owned oil companies last week, [...]
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Support for small business buffers effects of global downturn
Support for small business buffers effects of global downturn As the world looks at China ahead of the G20 summit in Cannes, France, the country’s private sector is going through a hard time. To deal with the woes, the central government has recently released a series of supportive policies targeting smaller businesses struggling in the [...]
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Venezuela to maintain oil production at 3.1 mbd in 2012
Venezuela to maintain oil production at 3.1 mbd in 2012 Leading South American oil producer Venezuela will maintain daily output of 3.1 million barrels of crude in 2012, a top energy official said Wednesday. The number is roughly the same to Venezuela’s average daily oil production in 2011 and will help Venezuela maintain its fiscal [...]
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U.S. well-known discount clothing chains file for bankruptcy
U.S. well-known discount clothing chains file for bankruptcy U.S. discount clothing chains Filene’s Basement and its parent company Syms filed for bankruptcy protection Wednesday in the face of the challenging economic downturns. “We have been faced with increased competition from large department stores that now offer the same brands as our stores at similar discounts,” [...]
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Walmart gets blessing over merger deal in South Africa
Walmart gets blessing over merger deal in South Africa Deputy President Kgalema Motlanthe on Wednesday welcomed Walmart to invest in South Africa, as the U.S. retail giant is awaiting ruling from the Competition Appeals Court (CAC) over its merger with local retailer Massmart Holdings. The government is pleased that Walmart has chosen to invest in [...]
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Singapore supermarket chain to hold rice price till year-end
Singapore supermarket chain to hold rice price till year-end Singapore’s supermarket chain NTUC FairPrice pledged on Wednesday to hold the prices of Thai rice till the end of this year despite the floods in Thailand. FairPrice also said it will hold the price of its rice from Vietnam till after the Lunar New Year season, [...]
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Ukraine aims to boost coal production 10% in 2012
Ukraine aims to boost coal production 10% in 2012 Ukraine aims to boost coal production 10 percent to about 82 million tons next year, Energy Minister Yuriy Boyko said Wednesday. “In 2011 Ukraine will produce about 77 million tons of coal. We have a 10-percent increase in coal production this year, and we have planned [...]

