State-run electricity provider Korea Electric Power Corp. Chief Executive Kim Joong-kyum said Monday in a statement that the company plans to boost the proportion of its overseas business to at least 50% from 3% currently as a way of increasing its profitability. Kim didn’t give a specific timeframe for the company’s plans or mention what …
Telegraph UK – Iran claims to have successfully produced and tested nuclear fuel rods in an advance that Western experts have long stated is beyond Iran’s technological capabilities. Senior naval officers announced that a new medium-range missile capable of evading radar detection had been test-fired in the Persian Gulf, escalating tensions in one of the …
Toshiba Corp says it has developed a revolutionary new technology designed to decontaminate radioactive soil from the area surrounding the stricken Fukushima Daiichi nuclear power plant. The technology was originally designed to purify radioactive water at the nuclear power plant, but its developers say it also removes 97% of cesium from radioactive soil. Toshiba said …
Some 157 billion euros ($203 billion) in debt will mature in the 17-member euro area in the first three months of 2012, according to UBS AG. By the end of March, 2012, european leaders have pledged to draft a stricter rulebook for controlling government spending. German Chancellor Angela Merkel and French President Nicolas Sarkozy will …
the International Telecommunications Union estimates that at the end of 2011 there were 2.42 billion internet users in the world (an increase from 2.04 billion internet users at the end of 2010) There were just short of 6 billion active mobile subscribers in the world. There are more than 500 million internet users in China, …
Local governments in China have published their yearly economic reports at the yearend. Guangdong is likely to be the first to report a GDP of 5 trillion yuan (US$793 billion), while more than two-thirds of provinces could see GDP figures of 1 trillion yuan (US$158 billion), according to the Chinese-language First Financial Daily. Shandong and …
1. Japan has been developing a virus that could track down the source of a cyber attack and neutralise its programme. The weapon is the culmination of a 179 million yen (USD 2.3 million) three-year project entrusted by the government to technology maker Fujitsu Ltd to develop a virus and equipment to monitor and analyse …