Alibaba Group Set to be the Leading E-Commerce Provider Globally

Alibaba group, the e-commerce giant from China, is set to surge past U.S behemoths e-bay and Amazon by 2012.  In the last year, gross merchandise value (GMV) of Taobao.com, transaction based website was similar to the joint GMV of e-bay and Amazon.  Taobao.com is the most profitable business group among Amazon’s seven bu...

China Volkswagen to Recall and Repair Santana Models for Free

The Volkswagen AG’s joint venture with Shanghai Automotive Industry Corp., Shanghai Volkswagen Automotive Ltd. has decided to recall approximately 7,550 units of manual series sedan models of Santana 1.8L that were manufactured from March 1 to August 28 this year. The news was officially confirmed by AQSIQ (Administration of Quality Super...

Airtel Kenya and GSMA Partner to Provide Agricultural Community Service through Mobile

Airtel Africa and GSM Association (GSMA) are working together to start a project for providing agricultural information to farmers through mobile phones. Airtel Africa announced that the company is working with GSMA to initiate the project for providing relevant and reliable information to farmers through mobile phones. Airtel believed ...

Koreans Semiconductor Industries Leaping Ahead of the Japanese

With the advent of semiconductor technology, Japanese people engaged themselves passionately in the production of semiconductor devices thus acquiring majority of the market share until now. But the current scenarios in Korea are showing outputs which are quite optimized with effective management of the energy resources. The recent technical ad...

Rising Importance of LNG Challenges Gas Monopolistic Market

The Monopolists in the Oil and Gas power manufacturing are facing challenges from the advanced developments and increased usage of Liquefied Natural Gas (LNG). With new discoveries in the Middle East and Europe LNG is one of the fastest growing fuels in the market. Findings in Australia and Europe concludes that LNG is about to replace ...

Energy Markets Witnessing Faltering Growth

Crude oil prices remains down since the commencement of worldwide economic recession. The slower rate of recovery is resulting in the suppressed demand for petroleum products. Iran being the dominant supplier of petroleum products, and ongoing concerns over geopolitical pressures with Iran has encouraged some countries to release their strategi...

A New Development - “Synthesizing Nanocrystals for Harvesting Solar Energy”

The light absorbing materials available today are not durable and this is one the major factor, why solar energy was not widely accepted in the global market. These light absorbing solar materials used to harvest solar energy have a disadvantage of degrading or overheating over time. Their characteristics of degradation and overheating are the ...

US and Australian Navy Works Together to Search for Alternative Fuels

The US and the Australian Navy joined forces to look out for the alternative fuel sources. In order to reduce the dependence on fossil fuels, the US Navy recently signed an agreement with Australian Navy to search for alternative fuels in order to fulfill the increasing energy demands of their countries.  Ray Gigg, Vice Admiral, AO...

Ghana is Planning LPG and Electricity Supply to Benin

John Dramani, the President of Ghana, announced on Thursday that they are working on a project that would retool the energy sector of their country. According to this new project the country will supply substantial electricity and liquefied gas to Benin. The Interior and Home Security Minister, Mr. Benoit Comlan Degla, called President Mahama a...

ISSAC Approaches Gulf; Energy Markets Hold Steady Showing Mild Variations

Tropical storm, Issac, with wind speeds exceeding 60 miles is on its way to Cuba, and is expected to turn in to a hurricane as it touches United States Gulf of Mexico. It is expected to threaten oil and gas explorations in the area, and as precautions, operators drilling in the area are shutting down the plants. Despite the luring danger of dro...

Tax Policy for Wind Energy to Drive Economy

The current ongoing year has seen U.S. wind energy industry achieving milestones one by one. The recent achievement was in the current month, when American wind energy reached a total installed capacity of 50 GW (Giga Watts) for electricity generation through wind energy. Prior to this, earlier this year, another milestone was achieved when ind...