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Most oil removed from decaying tanker off Yemen: UN
Most oil removed from decaying tanker off Yemen: UN
Business and Economy
by  AFP

Most of the oil on board a rusting super-tanker off war-torn Yemen has been moved to a replacement vessel in a bid to avert a catastrophic spill, the United Nations has said. "More than half the oil aboard the decaying FSO Safer has been transferred to the replacement vessel Yemen in the past seven days," the UN resident coordinator for Yemen, David Gressly, said on social media on Tuesday.

Less power, lower emissions: improving AC technology
Less power, lower emissions: improving AC technology
Business and Economy
by  AFP

With air conditioner demand surging, scientists are looking for ways to improve the energy efficiency of cooling systems and limit damaging emissions that accelerate global warming. Separate groups of scientists at the National University of Singapore (NUS) and the Wyss Institute at Harvard University, respectively have built air conditioners that use water to cool the air.

Asian markets drop as US downgrade jolts latest rally
Asian markets drop as US downgrade jolts latest rally
Business and Economy
by  AFP

Asian markets followed Wall Street lower Wednesday as the wind came out of the latest rally, with traders jolted by the downgrade of US sovereign debt, soft economic data and concerns about elevated valuations. Earlier, all three main Wall Street indexes dropped after news that US factory activity shrunk in July for the ninth consecutive month, hinting at softness in the economy.