SHANGHAI/ HONG KONG, March 6- An industrial city in eastern China has closed several factories, including many steel and nickel pig iron producers, in an apparent sign the government is stepping up enforcement of a new environmental law in the face of growing public discontent over pollution. China's vast and energy-intensive steel sector is at the heart of the...» Read More
After all the hubbub about Live Earth, it wasn't quite the worldwide phenomenon everyone was hoping. I had intentions of watching the concert, but ended up spending time outside enjoying the lovely summer weather. The estimated 2.7 million viewers fell short of the 3 million viewers NBC usually draws on summer Saturday nights with repeats and Stanley Cup Hockey.
Boom! Monday morning and the Chinese markets notch up 3% intra-session. Oil hangs on to $75 a barrel, the dollar is firm and European bourses are fired up to make early gains. If the de-risking trade is on-going into what traditionally should be a Summer slowdown then it is proving tricky finding the evidence.
Like him or not, Al Gore has some big ideas. It doesn't matter whether you're a Democrat, a Republican, or an Independent. It doesn't matter whether you think global warming is man-made, natural, God’s will, or not happening at all. And it doesn't matter whether you’re buying sun tan oil by the case or getting ready for a climate apocalypse. No matter where you stand, there’s something you can learn about PASSION from Al Gore.
You'd think that with sand being one of the world's most abundant natural resources--and the key ingredient used in chip making--that there'd be no chance of a silicon shortage. You'd be wrong, and you can thank the incredibly fast growing solar panel industry for the problem. These two industries have been fighting for raw material to fuel their growth for some time, but now, an innovative solution may make both sides happy--and generate many happy returns for investors in companies like Intel, National Semiconductor, Texas Instruments, Freescale, AMD and so many others.
What the Green Bay Packers mean to football is what Encap just might end up meaning to your lawn. And to acres of recovering forest land all over the United States. Keep your eye on this one--and on that brown spot in your lawn. Encap '...invents, manufactures and distributes environment-friendly advanced soil technology products...' A forest burns, and what's to keep the ground from being washed away? Right now the forest service 'bombs' the burned out areas with straw.
Travellers switching from cars to bus and rail due to environmental concerns helped Britain's Stagecoach boost year profit by 38%, beating forecasts, as it reported a strong start to its new financial year.
European equity markets looked set to extend losses next week as stocks teetered at inflated price levels with little on the corporate and economic calendar to act as a positive catalyst.
The head of Boeing's commercial aircraft unit Sunday backed a call by rival Airbus to work closely on producing more environmentally friendly planes, but said real progress was the responsibility of jet engine makers, rather than plane builders.
The increased demand for "green" vehicles is spilling over to the rental car counter, where many more drivers will soon be able to choose a hybrid vehicle. Hertz Global Holdings said Thursday it will spend $68 million to add 3,400 Toyota Prius hybrids to its fleets by 2008. And Avis Budget Group said this week it plans to make 1,000 hybrid Prius vehicles available for rent as early as next week.
The Group of Eight wealthy-nation summit in Germany is ending Friday. Now, the question arises: Is the G8 still able to confront global issues or has it become outdated? Ian Vasquez, director of the CATO Institute’s Center for Global Liberty & Prosperity, and P.J. Crowley, senior fellow and director of homeland security at the Center for American Progress, presented differing views on “Morning Call.”
This meeting of the world's richest nations may be the most challenging one for the U.S. in years, given the growing power of Russia and China.
A global solution is needed to tackle climate change and the inclusion of the United States in any agreement is vital, European Commission President José Manuel Barroso president, told CNBC Europe.
Big business is on the back burner at the Group of Eight summit. Instead of focusing on concerns about hedge funds, fluctuating currencies and better transparency in financial dealings, the world's eight wealthiest nations are putting their full focus on climate change and watching to see if a new spat between the U.S. and Russia could develop into another cold war.
A federal appeals court grapples Wednesday with a billion-dollar legal question: Are insurance companies obligated to cover water damage from the failure of levees in New Orleans following Hurricane Katrina?
What goes wrong for markets from here? Morgan Stanley created ripples on the pond this morning by issuing its so-called triple-sell warning on equities. The research suggests a 14% correction likely over the next 6 months. Do you buy it? Were they producing warnings like these on the eve of the last significant correction?
China said on Monday its response to the threats of climate change must give overriding priority to economic development as the nation seeks to balance ambitions for growth with fears of environmental calamity.
Ryanair announced the purchase of 27 more Boeing 737-800s valued at $1.9 billion Thursday, bringing its total firm orders for the U.S. made planes to 308.
The Burlesque Hall of Fame is teaming up with Keep A Breast Foundation to raise awareness about breast cancer. Well, one can see how this is, as the burlesque organization says, "a match made in heaven."Now, to raise awareness, the Hall of Fame next month reportedly will host an art exhibit and auction featuring plaster breast molds of "legendary burlesque, pin-up and cheesecake queens." The museums founder, it turns out, died of the disease in 1991. Her name, Jennie Lee, was known as "The Bazoom Girl."
Britain on Wednesday set out plans to secure energy supplies and fight global warming, calling for new nuclear power plants, more renewable energy and greater efficiency.
The Sierra Club is asking U.S. automakers to build cars with something called an integrated starter-generator. Why? Well, to lower the idling time in cars of course. It would save gasoline, cut down on greenhouse emissions and help combat global warming. The lovely and talented Sheryl Crow recently called for a ban on excessive toilet paper use. I'm not sure about the calculus on this one -- but somehow that's supposed to combat global warming too.