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New Russian Nuclear Submarine Will Not Enter Serial ProductionMoscow, Russia (RIA Novosti) Jun 23, 2010 A fourth-generation Russian nuclear-powered multipurpose attack submarine that was floated out on Tuesday is too expensive for serial production, a business daily said on Wednesday. On Tuesday, Russian President Dmitry Medvedev arrived in the northern port of Severodvinsk to attend the official float-out ceremony. The construction of the Severodvinsk, the first Project 885 Yasen (Graney) class submarine, began in 1993 at the Sevmash shipyard in Severodvinsk, but has since been dogged by fina ... read more |
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Hong Kong (AFP) June 22, 2010The publisher of former Chinese premier Li Peng's purported diary said Tuesday that it was moral rather than legal concerns that drove him to halt the release of the highly anticipated book. Bao Pu, head of Hong Kong-based New Century Press, said he decided to stop the printing of "The Tiananmen Diary of Li Peng" on June 18 after he was approached a number of times by people whom he refused ... more  
Taipei (AFP) June 22, 2010Taiwan and China have arrested a total of 122 people on charges of phone fraud in the largest ever joint police operation carried out by the two sides, law enforcers on the island said. The two sides together mobilised more than 1,000 officers for raids launched simultaneously against a number of criminal groups in Taiwan and China Monday, Taiwan's Criminal Investigation Bureau said in a sta ... more  
Pasadena, Calif. (UPI) Jun 22, 2010 NASA says new images from its Jason-2 oceanography satellite shows the tropical Pacific has switched from El Nino warm conditions to La Nina cool conditions. "The central equatorial Pacific Ocean could stay colder than normal into summer and beyond," said oceanographer and climatologist Bill Patzert at NASA's Jet Propulsion Laboratory in Pasadena, Calif. "That's because sea level is alr ... more |
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China to scrap export tax rebates on some goodsBeijing (AFP) June 23, 2010 China has announced it will remove tax rebates on some exports next month in a bid to rein in overcapacity, a move analysts say could ease trade tensions ahead of a G20 summit. Export tax rebates on 406 goods including some steel products, non-ferrous metals, corn starch and chemicals will be scrapped from July 15, the Ministry of Finance said in a statement posted on its website Tuesday. The move is intended to reduce excess capacity in the sectors by discouraging exports and comes after Beijin ... read more |
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