Southern California Edison, a utility arm of Edison International, said on Wednesday it had signed contracts to buy up to 960 megawatts of power from solar thermal and wind power suppliers.
European TV Market Heats up despite Economic Crisis
With the European Union’s economy showing signs of recovery, television sales in the region are expected to rise in 2009 as consumers continue to snap up LCD-TVs, according to iSuppli Corp.
A company in Germany is installing vending machines that dispense gold bars and coins, instead of the usual snacks and candy bars, in the nation’s airports and railway stations.
PARIS - SAP AG, the world's biggest maker of business software, sees signs of an improvement in the sector and is sticking to its 2009 operating margin goal, Chief Executive Leo Apotheker said on Wednesday.
So what happens after the stimulus and pull forwards? This is a situation we will one day be asking... as I wrote the other day the master plan seems to be for the government to give away money month after month
The head of the World Trade Organisation is hopeful long-running trade talks can be wrapped up next year.
The head of German chemicals company Bayer said debt reduction and securing liquidity was taking precedence over acquisitions during the economic crisis, the Sueddeutsche Zeitung reported on Tuesday.
A consortium of around 20 companies, including Munich Re, Siemens, RWE and Deutsche Bank, plans to build a 400 billion euro ($555.3 billion) solar power project in Africa, a Munich Re executive told a German newspaper on Tuesday.
The head of the IMF warned on Monday it was too soon to discuss rolling back stimulus spending, saying the world economy had yet to weather the worst of a recession that has hammered industrial output and claimed a record number of European jobs.
The head of the IMF warned on Monday it was too soon to discuss rolling back stimulus spending, saying the world economy had yet to weather the worst of a recession that has hammered industrial output and claimed a record number of European jobs.
Angela Merkel will meet U.S. President Barack Obama in Washington in late June for talks on Iran's presidential election, Middle East peace and next month's G8 summit, a spokesman for the German chancellor said on Monday.
European planemaker Airbus took a step closer to winning government loans to develop its A350 jetliner on Monday, drawing an immediate response from U.S. rival Boeing which called the move illegal.
Germany pledged 25 million euros in aid to Zimbabwe on Monday and Chancellor Angela Merkel said Berlin could provide more support if the poverty-stricken country undertakes more democratic reforms.
Russian nuclear giant Rosatom has secured a 17 percent stake in a Western rival, Canada's Uranium One, gaining another foothold in North America as it pursues an aggressive programme of global expansion.
Tens of thousands of supporters of Iran's defeated presidential candidate Mirhossein Mousavi gathered in downtown Tehran on Monday, defying an Interior Ministry ban.
The head of the IMF questioned on Monday debate about when to roll back stimulus spending, saying the world economy had yet to weather the worst of a recession that claimed a record number of European jobs.
Ireland's Mainstream Renewable Power bought three wind farms in Illinois and plans to spend $1.7 billion to ramp capacity up to 787-megawatts by 2013, marking its first investment in the United States.
The world's rich nations have started to consider how they will unwind emergency steps to rescue their economies once recovery is certain, according to a draft statement from a meeting of Group of Eight finance ministers on Saturday.
General Motors Corp is trying to cement an agreement with Canadian auto parts group Magna to buy its European unit, Opel, and is willing to broaden discussions if necessary, GM's chief executive said on Friday.
Germany will press G8 finance ministers to start working on how to return policy to normal after months of crisis at a meeting in Italy on Friday, although hopes the world economy has turned the corner are still fragile.
Chancellor Alistair Darling will press his G8 colleagues this weekend to speed up clearing up toxic assets from their banks' balance sheets.
Spain had 614,000 new homes sitting unsold at the end of 2008 -- lower than most analysts' estimates -- according to the first major survey of Europe's most over-stocked home market.
