MANUFACTURING

DARPA Offers $2M Prize For Rescue Robots

DARPA
DARPA, a division of the U.S. Department of Defense, is offering a $2 million prize to anyone who can develop a humanoid robot that can complete a set of disaster challenges.

US Reclaims Top Rank From China In Clean Energy Investments

Source: Pew Charitable Trusts
The US reclaimed the top position as the biggest investor in clean energy last year, with clean energy finance and investment witnessing a growth $48 billion, a 42 percent increase over 2010, according to a global rank list published in a report by the Pew Charitable Trusts.
US Federal Reserve

Rising Gas Prices Threaten Modest Economic Expansion: Fed

The U.S. economy expanded at a modest to moderate pace from mid-February through late March, but local industries remain concerned about high gas prices in coming months, the U.S. Federal Reserve said Wednesday in its new Beige Book.
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Huawei Technologies Co. Ltd.

China Dismayed by Australian Ban on Huawei

China expressed consternation over the decision of the Australian government to ban telecommunications giant Huawei from competing in its new national broadband network over concerns for cybersecurity.
A 2012 Ford Focus

Ford Recalls 140K 2012 Focus Cars

Ford Motor Co. is recalling 140,310 2012 Focus cars due to a manufacturing defect that may cause inoperative windshield wipers and increased risk of crash, the National Highway Transportation Safety Administration (NHTSA) announced Monday.
IBTimes Logo

IBTimes 1000: Clean Tech German Sector Booming At Home and Abroad

The world's demand for alternative energy sources is powering growth in German industry, or so a look at the list of fastest-growing public companies in that country would suggest. Already the world leader in solar panel manufacturing, Germany is also home to an array of booming companies whose business is on the more peripheral side of clean energy creation and conservation.
U.S. Gas Prices

US Gasoline Prices Hit $3.97 A Gallon, At Or Near Peak

“Price hikes at the pump have been losing steam for weeks. ... Crude oil prices have slipped and if they don’t rebound in the very near future, gasoline prices will peak very soon, if they haven’t already,” said Trilby Lundberg, president of Lundberg Survey Inc.
Indian Finance Minister Pranab Mukherjee is accused of proposing a timid budget that fails to tackle the country’s structural problems

India's Jewelers End Gold Strike

India's gold-jewelry traders, the largest buyers of bullion, called off a 21-day strike after Finance Minister Pranab Mukherjee agreed to consider rolling back recent increases in gold taxes.
Bank of England

Bank Of England Keeps Interest Rates The Same

The Bank of England held back from giving Britain's fragile recovery an extra boost on Thursday, as the economy appears to have avoided falling into recession despite a shock drop in manufacturing output in the first months of 2012.
Spain

Is Spain Becoming The Next Greece?

Last year we woke up to headlines involving the home of the Acropolis and one of the worst debt situations in recent history – Greece.

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