December 9: News in images
December 9: News in images
The sun sets behind electric pylons in Allahabad
India will miss its target for extra power capacity of 62,000 megawatts by March 2012 by about 4,000 megawatts, Power Secretary P Uma Shankar said, potentially reining in economic growth.
'About 3,000-4,000 megawatts of (planned new) capacity will be delayed due to reasons beyond our control like floods, chimney failure and local agitation,' Shankar said on the sidelines of a conference. 'These are very big projects. But all efforts are on to meet the target.'
India has already revised down its target for adding generating capacity from an original 78,000 megawatts in the five years to March 2012 to the current 62,000 megawatts.
An oil pump is seen on the shore near Santa Cruz del Norte, Cuba
Oil rebounded towards $89 on Thursday as the dollar weakened and some optimism returned to stock markets in Asia on hopes that the extension of US tax cuts would boost consumption.
US crude for January rose as much as 1 per cent to $89.20 a barrel and was up 55 cents at $88.83 a barrel at 0416 GMT. The front-month contract touched a 26-month high of $90.76 on Tuesday and fell 41 cents on Wednesday, pulled lower in part by concerns about a growing US deficit.
ICE Brent crude added 24 cents to $91.01.
The financial world is becoming split between investors who are deeply concerned that a proposal from US President Barack Obama to extend tax cuts will worsen a budget shortfall, and investors who are relieved that US authorities are trying to use fiscal and monetary medicine for the economy.
A man walks past a Suzuki Motor car dealer shop in Tokyo
Suzuki Motor Corp will recall about 227,000 WagonR minivehicles and other cars in Japan for two separate defects, according to a filing with the transport ministry on Thursday.
In one of the recalls, a defective door latch could cause the rear doors to open while driving in the worst case scenario. Subject to that recall are seven models, including the Mazda Motor Corp AZ Wagon and another Nissan Motor Co model, spanning 177,692 cars.
The second recall covers two models totalling 49,122 units that have hub caps that are too big for the wheels.
A sign is shown at the entrance to the headquarters of Intel Corporation in Santa Clara, California
Intel Corp said it is making headway getting its chips into tablet computers and that smartphones using its processors will go on sale late next year as it rushes to catch up in the fast-growing mobile market.
The company is betting that new chips due to ship next year will invigorate its mobile business, which has struggled to get off the ground amid explosive sales of Apple's iPad tablets and smartphones using Google's Android operating system.
'The consumer (tablet) products will roll out over the first half of next year,' Chief Executive Paul Otellini told analysts at a conference.
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