Wittenberg / DPA You might have thought disposable cups were a modern invention, but in fact they’ve been around for hundreds of years – and back in the day they had a lot more style than today. Archaeologists at Wittenberg Castle in eastern Germany found layers of broken cups at a recent dig, which they believe were simply thrown ...
Read More »Searching for shadowland
Dusseldorf / DPA An empty, dimly lit railway station somewhere out in the suburbs, in the middle of the night. Safe or not? “It’s a classic example of a place that can make people feel anxious,†says Udo Diederich, who spent 41 years in the German police. Despite being retired he’s still keen to help people. The 61-year-old is ...
Read More »LNG consumption to reach 422 million tonnes by 2013
Bloomberg Liquefied natural gas prices falling to the lowest in a decade last year spurred fresh demand while suppressing investment in new production, potentially leading to shortages and price spikes next decade, according to a new Bloomberg New Energy Finance report. Global annual LNG consumption is seen rising to 422 million tons by 2030, almost two-thirds higher than last ...
Read More »Jordan tourism revenues stable at $4bn
Bloomberg Jordan’s tourism sector has proved resilient with revenues stable at $4 billion in 2016 year against the previous year despite several militant attacks, the tourism minister said on Monday. Jordan hosted last year 3.8 million foreign visitors who spent in the country at least one night, a rise of 2.6 percent from the previous year, Lina Annab told ...
Read More »Chinese, Germans seek to turn Chernobyl wasteland to solar park
Bloomberg Chinese and Germans are among dozens of investors taking Ukraine up on its offer to turn the grounds of one of the world’s worst nuclear disasters into a massive solar park. Thirteen international investors are among the 39 groups seeking Ukraine permission to install about 2 gigawatts of solar panels inside the radioactive exclusion zone surrounding the defunct ...
Read More »China’s crude output decline to help OPEC ‘glut curb’
Bloomberg OPEC’s campaign to prop up oil prices is getting unlikely support from its biggest customer. China’s production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016, according to analysts at CLSA Ltd., Sanford C. Bernstein & Co. and Nomura Holdings Inc. That’s about the same size as the output ...
Read More »Cash ban triggers chaos in India’s jewellery industry
Bloomberg A self-imposed cash shortage in India is creating chaos for jewellery retailers in one of the world’s biggest gold-buying countries. Sales are plunging. Just ask Renita Ferreira. While her February 24 marriage ceremony has been set for a year, she and her fiance haven’t bought wedding rings, even after many trips to stores in Panaji, the capital of ...
Read More »Tata Group plans to raise stakes in key listed units
Bloomberg India’s Tata Group, seeking to cement control over a sprawling $100 billion business empire, is exploring ways to boost its stakes in key listed companies including the maker of Jaguar luxury cars, people with knowledge of the matter said. Tata Sons Ltd., the group holding company, plans to raise its ownership over time in five of its largest ...
Read More »S’pore export growth beats forecasts
Bloomberg Singapore’s exports surged above economists’ forecasts for a second consecutive month, signaling a recovery in the trade-dependent economy. Non-oil domestic exports rose 9.4 percent in December from a year ago, International Enterprise Singapore said in a report. The median estimate of 15 economists surveyed by Bloomberg was for a 5.8 percent increase. Electronics exports increased 5.7 percent in ...
Read More »Hyundai-Kia plan $3.1 billion US investment, new plant
Bloomberg Hyundai Motor Co. and affiliate Kia Motors Corp. said they will spend $3.1 billion in the US in the next five years, joining other vehicle manufacturers in announcing investment plans amid threats from President-elect Donald Trump of higher levies on auto imports from Mexico. The planned US investment by South Korea’s two largest automakers is about 50 percent ...
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