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World - In latest move, China halts over 100 coal power projects

China`s energy regulator has ordered 11 provinces to stop more than 100 coal-fired power projects, with a combined installed capacity of more than 100 gigawatts, its latest dramatic step to curb the use of fossil fuels in the world`s top energy market. In a document issued on Jan. 14, financial media group Caixin reported, the National Energy Administration (NEA) suspended the coal projects, some of which were already under construction. Putting the power projects on hold is a major step towards the government`s effort to produce power from renewable sources such as solar and wind, and wean the country off coal, which accounts for the majority of the nation`s power supply.

Tuesday, January 17, 2017  10:48


Sports - Warriors humble Cavaliers 126-91

The Golden State Warriors crushed the Cleveland Cavaliers 126-91 on Monday, snapping a four-game losing streak against the reigning NBA champions. In the season`s second meeting between the teams that dueled in the past two NBA championship series, the Warriors started fast and never let up. Before adoring fans at Oracle Arena in Oakland, Draymond Green notched his third triple-double of the season with 11 points, 11 assists and 13 rebounds for the Warriors, who led wire-to-wire to improve their league-leading record to 35-6.

Tuesday, January 17, 2017  05:38


Sports - Warriors end Cavs` hex with blowout win

(The Sports Xchange) - The Golden State Warriors emphatically snapped a four-game losing streak to the Cleveland Cavaliers on Monday, using a 78-point, first-half explosion to crush the defending NBA champions 126-91. Klay Thompson scored a game-high 26 points and Draymond Green recorded an 11-point, 13-rebound, 11-assist triple-double, propelling the Warriors to their first win over the Cavaliers since Game 4 of last year`s NBA Finals. The Cavaliers, swept by the Warriors in two games in the regular season last year and down 3-1 in the Finals, rallied to sweep the final three games en route to their first-ever NBA championship.

Tuesday, January 17, 2017  04:33


Top Stories - The world`s first supercar?

Last year marked the 50th anniversary of the Lamborghini Miura, considered by many to be the world`s first supercar.

Tuesday, January 17, 2017  01:58


World - China halts over 100 coal-fired power projects: Caixin

China`s energy regulator has ordered 11 provinces to stop more than 100 coal-fired power projects, some of which are under construction, with a combined installed capacity of more than 100 gigawatts, Caixin reported on Tuesday. In a document issued on Jan. 14 , Caixin said, the National Energy Administration (NEA) suspended coal projects already under construction in some provinces and autonomous regions including Xinjiang, Inner Mongolia, Shanxi, Gansu, Ningxia, Qinghai, Shaanxi and other northwestern regions. The move is in line with the government`s prolonged effort to produce power from renewable sources such as solar and wind, and wean the country off coal, which accounts for the majority of the nation`s power supply.

Tuesday, January 17, 2017  03:20


World - Germany`s Merkel warns Trump against protectionism

German Chancellor Angela Merkel warned Saturday against protectionist tendencies of US President-elect Donald Trump, citing lessons learned in the 2008 global financial crash and stressing the need to `move forward together`. Asked if she believed `protectionist tendencies` by Trump could pose a threat, Merkel recalled the example of the 2008 global financial crisis, which `came from the United States`. `And the response to overcome that financial crisis was not a response based on closing oneself off, but a response which called for cooperation, for common rules, for regulation of financial markets.

Saturday, January 14, 2017  17:10


World - Three Chinese weightlifters stripped of 2008 Olympic gold

Three Chinese women`s weightlifting gold medallists at the 2008 Beijing Olympics were disqualified for doping on Thursday following a reanalysis of their drug tests, the International Olympic Committee said. Cao Lei, the 75kg champion, Chen Xiexia, the 48kg gold medallist, and Liu Chunhong, who won the 69kg category, were stripped of their titles. In all, eight athletes were disqualified on Thursday from the 2008 and 2012 Olympics in London as part of an ongoing series of retests of samples taken from both Games.

Thursday, January 12, 2017  19:12


Sports - Obama fetes world-champion Chicago Cubs, his (wife`s) favorite

Barack Obama, the man once known as the `hope candidate,` on Monday warmly feted a team that had gone more than a century without much hope -- the world champion baseball team the Cubs from his adopted hometown of Chicago. Just four days before he hands power to Donald Trump, President Obama welcomed the members of the Chicago team -- who in November won their first World Series title since 1908 -- to a light-hearted White House ceremony. `I made a lot of promises in 2008,` Obama said, referring to his first presidential campaign.

Monday, January 16, 2017  21:50


World - Spain ruling party`s ex-treasurer tells court of slush fund

The most high-profile suspect in a major Spanish corruption scandal took the stand Monday, admitting for the first time in public that the ruling conservative Popular Party (PP) once had a slush fund. Luis Barcenas, who was party manager from 1990 to 2008 and then treasurer for a year, is on trial with 36 other defendants in the so-called Gurtel affair. The trial centres on a vast corruption network that allegedly saw companies shower PP lawmakers and civil servants with bribes in exchange for public contracts.

Monday, January 16, 2017  18:05


Business - IMF sees Trump spending aiding U.S. growth, some emerging markets weaker

The International Monetary Fund on Monday lifted its forecast for U.S. economic growth in 2017 and 2018 based on President-elect Donald Trump`s tax cut and spending plans, but said this would largely be offset by weaker growth in several key emerging markets. Updating its World Economic Outlook, the IMF kept its overall global growth forecasts unchanged from October at 3.4 percent for 2017 and 3.6 percent for 2018, up from 3.1 percent growth in 2016, the weakest year since the 2008-2009 financial crisis. The United States will see a slight 0.1 percentage-point improvement in 2017 gross domestic product and a stronger 0.4 percentage-point gain in 2018 as Trump lays plans for expansionary fiscal measures including tax cuts and infrastructure spending.

Monday, January 16, 2017  14:20

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