ECONOMY May 5, 2011 | 2:28 PM
India has stepped up its green focus with plans to increase renewable energy capacity levels by 17 gig watts by 2017, a government spokesperson reported. Renewable energy secretary P. Uma Shankar reported that the ambitious 5-Year Plan would cost almost $34 billion.
Between 1994 and 2007, India’s carbon footprint increased by over 50%, with around 40% of energy consumption coming from coal and 24% from oil, according to the International Energy Agency. It is among the top-five greenhouse gas polluters in the world.Read more »
BUSINESS May 5, 2011 | 11:45 AM
The global automotive industry is one of the biggest generators of revenue across all economic sectors. China is the single largest vehicle producer in the world. In 2010 it produced a total of 18.2 billion vehicles, including 13.9 million cars and 4.4 million commercial vehicles, according to the International Organization of Motor Vehicle Manufacturers (OICA).
With a combined total of 9.6 million units, Japan is the second-largest vehicle manufacturer and home to the biggest carmaker in the world in Toyota. Together with Nissan and Honda, they provide car parts to just about every manufacturer in the world. The aftermath of the earthquake and tsunami that hit Japan in March is continuing to disrupt production across the country, which is sending global car prices higher.Read more »
BUSINESS May 5, 2011 | 10:53 AM
Facebook is on track to become the world’s most-profitable online display advertising company, following a strong showing in the first quarter of 2011.
The social network site accounted for over 31% of the 1.1 trillion display ads viewed in Q1 by Internet users in the United States, according to Internet intelligence group comScore.Read more »
ECONOMY May 4, 2011 | 4:41 PM
The United States Corporation for Public Broadcasting (CPB) has launched a new initiative to lift high school graduation rates throughout the country.
In 2010, only around 70% of US high school students graduated, and among African American and Hispanic students, the figure dropped to under 60%, according to a survey conducted by news and research group Gallup.Read more »
BUSINESS May 4, 2011 | 3:22 PM
A new smartphone application is offering consumers many of the benefits of near-field communication (NFC) without having to foot the bill for the expensive hardware.
US company Dwolla Corp has released the first free app that combines proximity-based smartphone technology with mobile payment services, therefore mimicking the virtual check-out process proposed by NFC technology.Read more »
WORLD May 4, 2011 | 2:59 PM
A new mobile phone application may help monitor the spread of infectious diseases like the flu.
Developed by researchers at the University of Cambridge, the Java-based FluPhone app uses Bluetooth to allow phones to “talk” to each other, recording how many people a supposedly infected person comes into contact with.Read more »
BUSINESS May 4, 2011 | 2:40 PM
Wind energy specialist Vestas has secured an order for 50 turbines, with a total capacity of 100 megawatts from the ever-expanding Chinese market. The Danish turbine manufacturer will install 50 V90-2.0 MW units in China’s Shandong Province, with delivery scheduled for the second half of this year.
At the customer’s request, further details of the deal were not revealed.Read more »
ECONOMY May 4, 2011 | 12:18 PM
The United States Senate may vote on several energy bills later this month, following an acknowledgement from Majority Leader Harry Reid that the Senate is “way behind” on energy-related issues.
Reid said he wanted to put to vote a series of energy legislation bills from the Senate Energy and Natural Resources Committee, led by Democrat Senator Jeff Bingman, before the end of the month.Read more »
FINANCE May 4, 2011 | 10:19 AM
Internet company AOL saw profits dive 86% in the first quarter of 2011, but reported strong revenue figures from advertising.
Total income dropped to $4.7 million for the quarter, with revenue falling 17% to almost $552 million. Last year in the same period, it posted profits of $78 million.Read more »
BUSINESS May 4, 2011 | 9:13 AM
The popularity of e-Books is on the rise in the UK, with digital book product sales increasing 20% to £180 million (over $297 million) in 2010.
General consumer digital sales rose fourfold to £16 million ($26.5 million), with fiction titles accounting for £6 million ($9.9 million) and £1 million ($1.65 million) apiece for non-fiction and children’s books.Read more »
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