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Energy experts cautioned in Amman the fossil fuel of oil is facing the danger of exhaustion and that the world is in urgent need of developing alternative energy resources, local daily Jordan Times reported Sunday. Oil is finished, it's over with, it's done, said Paul Sullivan, economics professor with the National Defense University in Washington sai...
Bad loan ratio in China's commercial banks has reduced to 6.1 percent as of June 30 amid the sector's efforts to enhance risk control, the country's banking regulator said on Sunday. The figure was 0.62 percentage points lower compared with that at the beginning of 2008, according to China Banking Regulatory Commission (CBRC). Major commercial ban...
The number of airline flights across the United States has been drastically reduced due to increases in fuel price and decreased spending by travelers, local media said on Sunday. The three big domestic airlines, American, Delta and United are slicing service dramatically everywhere, local Daily Breeze newspaper reported. The Los Angeles Internati...
World Bank Group President Robert B. Zoellick urged trade ministers on Sunday to reach an accord on the Doha Development Agenda. It has never been more important for WTO members to move forward on the Doha Development Agenda. It's now or never, said Zoellick on the eve of the World Trade Organization (WTO) ministerial meeting, which will be held in Ge...
Companies importing apparel from China face a number of duty challenges in the final months of 2008, including a number of cenarios that illustrate that the environment with respect to textile and apparel imports from China is rapidly becoming more threatening, trade law firm Sandler, Travis & Rosenberg said Friday. In an e-mail about the cha...
Hong Kong's total goods export volume in May rose 8 percent, while goods import volume grew 11.4 percent, the Census and Statistics Department of the Hong Kong Special Administrative Region government said Thursday. Among the total, the re-exports volume rose 9.2 percent and the domestic export volume dropped 17.8 percent. The month saw a rise of ...
China's digital and online communities are the world's leading users of mobile communication, instant messaging (IM) and web 2.0 applications, according to a new report by the Boston Consulting Group (BCG). The report, entitled China's Digital Generations: The 570-Million-Hour Opportunity, analyzed the rapid surge in the use of digital services in Chin...
China Guodian Corp, the country's third largest power producer by installed capacity, has embarked on power projects costing 20 billion yuan in Ili Kazak autonomous prefecture. The company has signed an agreement with the local government, under which it plans to start a thermal power plant and a hydropower plant before 2010, said Liu Kemou, an officia...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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