Japan

South Africa’s Minister of Energy Calls for Mutual Cooperation to Build Nuclear Program

South Africa’s Minister of Energy Calls for Mutual Cooperation to Build Nuclear

Can nuclear energy be a long term solution to quell energy needs of Uranium-rich South Africa, following the debacle of Fukushima nuclear plant in Japan? Well Minister of Energy Dipuo Peters seems to be in favor of nuclear energy programme, undeterred by Japan’s nuclear crisis which gripped the global countries by shock.

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South African Officials against Wal-Mart

South African Officials against Wal-Mart

About 4,000 jobs can be lost if Massmart exchanges only 1% of its sales to imports coming from domestic suppliers, one study supported by South Africa's economic development and agricultural departments.

The report is part of one of the several documents to be delivered to the tribunal this week regarding the government hearing on Wal-Mart's $2.3 billion bid in order to obtain 51% of the South African retailer. The report also stated that if Wal-Mart enters into South Africa, the working conditions at Massmart can get worse.

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8% Slowdown Cited in New Vehicle Sales

8% Slowdown Cited in New Vehicle Sales

According to statistics released by the National Association of Automobile Manufacturers of South Africa (Naamsa) though the starting three months of the year enjoyed strong demands of the new vehicles but unfortunately the month of April has cited an 8% slowdown in the sales growth structure of same.

Spot Price of Kumna Iron Ore to be Volatile

Spot Price of Kumna Iron Ore to be Volatile

It is expected by the financial researchers that the spot prices of Kumna Iron Ore will be volatile around current levels in 2011. Kumba’s traditional markets of Europe, Japan and South Korea have witnessed a 24% rise in output for the year as they will be reloading stocks and steel production.

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Y4,000bn Will Be Spent For Reconstruction Plan

Y4,000bn Will Be Spent For Reconstruction Plan

An inexpensive funding to banks affected by tsunami and earthquake will be provided by the Bank of Japan. An amount of Y4,000 billion will be spent by the government in the initial disaster reconstruction plan.

Katsuya Okada revealed in the press conference that around Y3,000 billion will be given by government initially for the immediate reconstruction in the region affected by tsunami and earthquake. The Katsuya Okada is the second-ranking official in the ruling Democratic Party of Japan.

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Godsell abruptly adjourns Freeworld AGM vote

Godsell abruptly adjourns Freeworld AGM vote

Yesterday, Japan’s Kansai Paint’s divisive conquest bid for Freeworld Coating took a theatrical turn when the groups’ annual general meeting (AGM) was abruptly adjourned by Freeworld chairman Bobby Godsell just before the meeting was about to take off.

Stakeholders got the shock of their life when Godsell proclaimed that the votes given by the stakeholders against Kansai’s unalterable undertakings might be termed volatile in accordance with the Competition Act.

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Japanese scientists have produced sperm in lab

Japanese scientists have produced sperms in lab

In case of mammals, it takes more than month to complete the complex, multistage process of making sperms.

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Canadian Currency Loses Most in Four Months on Japan Nuclear Plant Crisis

Canada’s dollar

The Canada’s dollar had lost the most after the blast in the fourth nuclear power- plant. The devastating earthquake and tsunami is affecting the Japanese economy very badly. The Canadian dollar has declined to its lowest level in last four months against the U. S. dollar. The major factor of the decline is the nuclear power- plant crisis caused by Japan’s worst earthquake.

The Canadian dollar is known as loonie. It has encountered its first weekly loss. Last month, the Group of Seven intervened in the foreign-exchange markets to stabilize the Japanese currency yen.

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Japan helicopters dump water on nuke plant

Japan helicopters dump water

The crippled Fukushima Dai-ichi nuclear plant’s damaged reactors were dumped with water by using Japanese military helicopters on Thursday.

Initially it was not clear that dumping water on the hotter fuel rods will prevent fuel rods from melting down. Tokyo Electric Power Co is the one which is managing all the facilities and operating the first line of defense in preventing the nuclear melt-down. The company said that in spite of completing the operations the radiation levels remain the same.

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Radiation fears after Japan blast

Fukushima Daiichi

Earthquake and tsunami have crippled several nuclear reactors in Japan leading to blackouts. There are 54 reactors in Japan out of which 11 are closed. Approximately 25% of the nation’s electricity depends on nuclear energy. As a result of shortage of electricity government has ordered to conserve electricity as much as possible.

Fukushima Daiichi plant affected by earthquake lost to the national power grid causing shortfall of 10 million kilowatts per day, reported by the economy, trade and industry minister.

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