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Archive for July 5th, 2008Ferrari to slash sports cars’ carbon emissions: presidentPosted by UK Economy News
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5Jul 08 Sports car manufacturer Ferrari intends to cut its vehicles' greenhouse gas emissions by nearly half and is working on developing hybrid vehicles, the company president said Saturday.
Read full story Russia’s Abramovich paid for favours, protection: reportPosted by UK Economy News
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5Jul 08 Russian tycoon Roman Abramovich paid billions of dollars for political favours and in protection fees to build up his fortune, British newspaper The Times said Saturday, citing court papers.
Read full story Comments Off Ukraine’s Naftogaz proposes joint venture with GazpromPosted by UK Economy News
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5Jul 08 The head of Ukrainian state energy company Naftogaz on Saturday proposed jointly developing the Ukrainian part of the Black Sea with Russia's Gazprom in return for access to Russian gas fields.
Read full story Comments Off BP sues Russian partners in TNK-BPPosted by UK Economy News
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5Jul 08 Oil major BP said on Saturday it is suing its partners in the Russian venture TNK-BP in London for 8.4 billion roubles (180.2 million pounds), money it believes should not have been paid out as back-tax claims in Russia.
Read full story Comments Off World oil markets to remain tight until 2013: IEA chiefPosted by UK Economy News
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5Jul 08 International Energy Agency chief Nobuo Tanaka has predicted that world oil markets will remain tight until 2013, according to an interview with the German economic daily Handelsblatt.
Read full story Comments Off IEA reported seeing oil easing and then tightening to 2013Posted by UK Economy News
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5Jul 08 The situation on the oil market is likely to ease in 2009/2010 as more production comes on-stream, then tighten again through 2013 as output falls and demand rises, the head of the International Energy Agency said.
Read full story Comments Off G8 nations to tackle global food crisis: MerkelPosted by UK Economy News
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5Jul 08 German Chancellor Angela Merkel said the G8 group of top industrialised nations at next week's summit will take measures to fight the soaring price of food, in an interview with a German newspaper.
Read full story Comments Off Europe must end energy dependence on Russia: ex-IEA chiefPosted by UK Economy News
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5Jul 08 The European Union should free itself from its dependence on Russian gas by developing renewable and nuclear energy, the former head of the International Energy Agency told EU ministers Saturday.
Read full story Comments Off Iran inflation tops 26 percentPosted by UK Economy News
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5Jul 08 Iran's inflation rate, which has provoked intense criticism of the government, topped 26 percent in June, according to a central bank statement published in the press on Saturday.
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