China offers Africa financial aid including $10 billion in loans

Sunday, November 8, 2009

China has offered Africa concessional loans worth US$10 (€6.5) billion as part of a host of new measures aimed at improving the economy of African nations. The announcement was made at the opening of the Forum on China-Africa Cooperation (FOCAC) in Sharm el-Sheikh, Egypt. Leaders of nearly 50 African countries are attending the two-day conference.

China had already stated today at the 3rd Conference of Chinese and African Entrepreneurs, held immediately before the FOCAC, that Chinese firms would be encouraged to invest in Africa, while both sides would work together to improve the tourism, telecommunications and finance industries. China also said that governments should work with businesses to ensure co-operation between China and Africa.

As well as the loans, made over three years, China will write off the debt of Africa’s poorest countries, build 100 African green energy facilities and systematically lower import duties on 95% of all African products exported to China. Another promise is a loan of one billion dollars aimed at small and medium sized businesses in Africa. There will also be efforts to promote each other’s culture and increased medical assistance to Africa. Medical assistance comes in the form of 500 million yuan (US$73.2 million) of goods for the 60 hospitals and malaria centers China has already built, as well as 3,000 doctors and nurses. Roads will also be improved.

China also plans to assist with satellite weather monitoring, to help combat desertification and work within the urban environment, all aimed at reducing global warming. The new energy facilities will focus on solar, biogas and small-scale hydroelectrical installations. Another new measure is a promise to aid African farmers to ensure the continent is fed, increasing the number of demonstrations of agricultural technology in Africa to 20 and sending 50 teams of agricultural technology experts to the continent. Training in agricultural technology will be provided to 2,000 people.

“The Chinese people cherish sincere friendship toward the African people, and China’s support to Africa’s development is concrete and real,” said co-chair Chinese Premier Wen Jiabao as the FOCAC opened up, adding “Whatever change that may take place in the world, our friendship with African people will not change.” He described this friendship as ‘unbreakable’. Two years ago China pledged US$5 (€3.37) billion at the last FOCAC in Beijing and now, according to Jiabao, “China is ready to deepen practical cooperation in Africa.”

We want more investment from China

China has fulfilled its 2006 pledge, investing a total of US$7.8 (€5.26) billion in Africa last year alone. 49 African countries are represented at the FOCAC, which was created in 2000, although Jiabao noted that relations between China and Africa go back fifty years. China had already forgiven or reduced the debt for thirty nations at that FOCAC summit.

According to Chinese state-owned paper China Daily, trade between China and Africa increased by 45% last year, to give a total value of US$107 (€72.1) billion, a tenfold increase since 2001 and up from US$491 (€331) million in 2003. The Chinese have a 9.8% market share, the largest of any nation, according to the U.S. Commerce Department. China has paid for schools, hospitals, malaria clinics and Chinese scholarships for African students. 50 more schools are to be built and 1,500 people trained to staff them.

Since 2006 Chinese energy firms have committed to spend at least US$16 (€10.8) billion securing African oil and gas. China’s Sinopec Group, an oil giant, bought up Addax Petroleum Corporation from its Swiss owners that year, gaining control of oilfields in Nigeria, Cameroon and Gabon. China promised earlier this year to spend US$9 (€6) billion on infrastructure in the Congo in exchange for mineral deposits for mining operations.

Jean Ping, leader of the African Union, said the told those at the conference that the money is coming at an opportune time, because African growth was “totally compromised” by the global financial crisis. Ping said one of the lessons learned is that the world is paying for “the irresponsible and lax behavior” of large financial companies whose philosophy was to make short-term profits.

We thank China particularly for backing efforts by our countries to achieve peace and stability in Africa’s zones of conflict

Not all Africans are happy with China’s increasing involvement in their continent. Trade practices are a concern for some, with a view that China exploits Africa for raw materials before selling back finished goods. Among these are Egyptian Trade and Industry Minister Rachid Mohamed Rachid. Egypt is the richest nation in the Middle East and is discussing this perceived issue with China. Rachid told Bloomberg “What is a worry for me is if competition is unfair. That is where we are unhappy.” Jiabao described the trade as being based on “win-win programmes… and transparency.”

Others in Africa are delighted with the situation. “We want more investment from China,” Tanzanian President Jakaya Mrisho Kikwete told the forum. Egypt’s own President Hosni Mubarak talked of “peace, security and growth,” and of “boosting cooperation between China and Africa.”

HAVE YOUR SAY
China investing in Africa: Good or bad?
Add or view comments

Jiabao also used his speech to respond to criticisms that China worked with nations regardless of their human rights record, such as Sudan, whose President Omar al-Beahir is wanted on a warrant issued by the International Criminal Court for war crimes. “Africa is fully capable of solving its own problems, in an African way,” he said, adding that “China has never attached any political strings […] to assistance to Africa.”

Beshir thanked China in a speech for diplomatic work in Sudan, including working to defuse the Darfur conflict, which the United Nations says has left 300,000 dead. “We express our deep appreciation for China’s efforts in backing the comprehensive peace agreement in Sudan and its peace efforts in Darfur,” he said, referring to a peace deal between the northern and southern parts of his country. “We thank China particularly for backing efforts by our countries to achieve peace and stability in Africa’s zones of conflict.” Jiabao said China was willing to work towards “the settlement of issues of peace and security,” in Africa.

A further criticism has been that China has brought in Chinese workers and used their own knowledge, instead of training locals. Jiabao’s speech indicated an intention to co-operate better in the fields of science and technology, as well as improve training for African students on technical courses.

“Why do some only criticise China?” asked Jiabao. “Is this a view representing African countries, or rather the view of Western countries?”

Retrieved from “https://en.wikinews.org/w/index.php?title=China_offers_Africa_financial_aid_including_$10_billion_in_loans&oldid=3101380”
Posted by Admin in Uncategorized - Comments (0)
25 December

Online retailer Zappos.com hit by hackers

Tuesday, January 17, 2012

Zappos.com, one of the largest online retailers of shoes and apparel, disclosed Sunday that it was hit by a cyber attack. The attack compromised as many as 24 million accounts. Personal data may have been taken, but credit card numbers are encrypted and thus cannot be stolen.

Information that may have been compromised includes customers shipping addresses, phone numbers, email addresses, account passwords and the last four digits of any credit card used. Though credit card numbers are encrypted by the Payment Card Industry Data Security Standard, other personal information is often not. This is common practice among e-commerce websites.

… there’s no one fighting for the individual consumer whose e-mail address falls into the possession of hackers.

Todd Feinman of Identity Finder told USA Today, “Visa and MasterCard fight to protect credit card numbers, but there’s no one fighting for the individual consumer whose e-mail address falls into the possession of hackers.”

Zappos.com required its users change their account passwords. It notified users of the required change and updated on the situation through an email. They also advised users to change their password on other websites if it is similar to the one used on Zappos.

In a blogpost, Zappos CEO Tony Hsieh said “We’ve spent over 12 years building our reputation, brand, and trust with our customers. It’s painful to see us take so many steps back due to a single incident. I suppose the one saving grace is that the database that stores our customers’ critical credit card and other payment data was not affected or accessed.”

Retrieved from “https://en.wikinews.org/w/index.php?title=Online_retailer_Zappos.com_hit_by_hackers&oldid=2715522”
Posted by Admin in Uncategorized - Comments (0)
24 December

Category:Mining

This is the category for mining.

Refresh this list to see the latest articles.

  • 10 January 2020: Greek prime minister reaffirms EastMed pipeline project is open for other countries to join
  • 3 June 2016: Glencore announces Tahmoor mine in New South Wales to close
  • 28 May 2014: Second sinkhole appears in Australian city this week
  • 12 February 2014: Jade Rabbit lunar rover declared lost
  • 25 April 2012: Disposal of fracking wastewater poses potential environmental problems
  • 13 April 2012: Nine Peruvians rescued from collapsed mine
  • 15 June 2011: Court rules Massey can appeal US restrictions in mine disaster investigation
  • 25 November 2010: 29 presumed dead after second explosion at New Zealand mine
  • 9 November 2010: Two killed in new Copiapó, Chile mining accident
  • 16 October 2010: 20 dead, seventeen trapped after Chinese coal mine explosion
?Category:Mining

From Wikinews, the free news source you can write.


Sister projects
  • Commons
  • Wikipedia
  • Wiktionary
  • Wikiversity

Subcategories

Pages in category “Mining”

Retrieved from “https://en.wikinews.org/w/index.php?title=Category:Mining&oldid=4221256”
Posted by Admin in Uncategorized - Comments (0)
22 December

New Zealand Reserve Bank phone hacker not convicted

Thursday, September 28, 2006

Gerasimos Macridis, 39-years-old, left the court room discharged without conviction after hacking into the New Zealand Reserve Bank’s phone system and then asking for money for his services after pointing out these security flaws to both the Reserve Bank and Telecom New Zealand in May, 2006, and offering to fix them. He had identified himself as a security consultant.

The New Zealand Police then raided his home and took his computer on 21 September. Macridis told police that he did not think it was illegal, but knew he was not authorised to access the phone systems. Telecom then took him to court.

Colin McGilicray, police prosecutor, said: “Macridis has a significant number of previous fraud convictions and it appeared he was trying to obtain money through virtue of his technical knowledge.”

Macridis, who represented himself, told the court that for 11-years he had worked as a casual security consultant and he had worked for Telecom, police and Department of Internal Affairs.

Macridis thought himself as an honest, law abiding citizen as his 1994 conviction had ‘turned his life around’.

Judge Ian Mill said this case was very unusual and also noted that Macridis ended his offending over 10-years ago.

Mill said: “Macridis used his talents to identify security risks and he had identified a grave risk to the Reserve Bank and its customers. Macridis provided a report of his findings, requested payment albeit without a contract and for his troubles was prosecuted. He did not pass the information on to others and did not use it for personal gain.”

“In my view his intentions were honourable,” Mill added.

Mill discharged him without conviction on the basis that a conviction would be out of proportion with his actions.

Retrieved from “https://en.wikinews.org/w/index.php?title=New_Zealand_Reserve_Bank_phone_hacker_not_convicted&oldid=438654”
Posted by Admin in Uncategorized - Comments (0)
22 December

Wikinews’ overview of the year 2007

Monday, December 31, 2007

What would you tell your grandchildren about 2007 if they asked you about it in, let’s say, 20 year’s time? If the answer to a quiz question was 2007, what would the question be? The year that you first signed on to Facebook? The year Britney Spears and Amy Winehouse fell apart? The year author Kurt Vonnegut or mime Marcel Marceau died, both at 84?

Let’s take a look at some of the international stories of 2007. Links to the original Wikinews articles are in bold.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews%27_overview_of_the_year_2007&oldid=4678722”
Posted by Admin in Uncategorized - Comments (0)
20 December

Sweden’s Crown Princess marries long-time boyfriend

Monday, June 21, 2010

Sweden’s first royal wedding since 1976 took place Saturday when Crown Princess Victoria, 32, married her long-time boyfriend and former personal trainer, Daniel Westling, 36. The ceremony took place at Stockholm Cathedral.

Over 1,200 guests, including many rulers, politicians, royals and other dignitaries from across the world, attended the wedding, which cost an estimated 20 million Swedish kronor. Victoria wore a wedding dress with five-metre long train designed by Pär Engsheden. She wore the same crown that her mother, Queen Silvia, wore on her wedding day 34 years previously, also on June 19. Victoria’s father, King Carl XVI Gustaf, walked Victoria down the aisle, which was deemed untraditional by many. In Sweden, the bride and groom usually walk down the aisle together, emphasising the country’s views on equality. Victoria met with Daniel half-way to the altar, where they exchanged brief kisses, and, to the sounds of the wedding march, made their way to the the silver altar. She was followed by ten bridesmaids. The couple both had tears in their eyes as they said their vows, and apart from fumbling when they exchanged rings, the ceremony went smoothly.

Following the ceremony, the couple headed a fast-paced procession through central Stockholm on a horse-drawn carriage, flanked by police and security. Up to 500,000 people are thought to have lined the streets. They then boarded the Vasaorden, the same royal barge Victoria’s parents used in their wedding, and traveled through Stockholm’s waters, accompanied by flyover of 18 fighter jets near the end of the procession. A wedding banquet followed in the in the Hall of State of the Royal Palace.

Controversy has surrounded the engagement and wedding between the Crown Princess and Westling, a “commoner”. Victoria met Westling as she was recovering from bulemia in 2002. He owned a chain of gymnasiums and was brought in to help bring Victoria back to full health. Westling was raised in a middle-class family in Ockelbo, in central Sweden. His father managed a social services centre, and his mother worked in a post office. When the relationship was made public, Westling was mocked as an outsider and the king was reportedly horrified at the thought of his daughter marrying a “commoner”, even though he did so when he married Silvia. Last year, Westling underwent transplant surgery for a congenital kidney disorder. The Swedish public have been assured that he will be able to have children and that his illness will not be passed on to his offspring.

Westling underwent years of training to prepare for his new role in the royal family, including lessons in etiquette, elocution, and multi-lingual small talk; and a makeover that saw his hair being cropped short, and his plain-looking glasses and clothes being replaced by designer-wear.

Upon marrying the Crown Princess, Westling took his wife’s ducal title and is granted the style “His Royal Highness”. He is now known as HRH Prince Daniel, Duke of Västergötland. He also has his own coat-of-arms and monogram. When Victoria assumes the throne and becomes Queen, Daniel will not become King, but assume a supportive role, similar to that of Prince Phillip, the husband of the United Kingdom’s Queen Elizabeth II.

Retrieved from “https://en.wikinews.org/w/index.php?title=Sweden%27s_Crown_Princess_marries_long-time_boyfriend&oldid=4509139”
Posted by Admin in Uncategorized - Comments (0)
20 December

Saturn moon Enceladus may have salty ocean

Thursday, June 23, 2011

NASA’s Cassini–Huygens spacecraft has discovered evidence for a large-scale saltwater reservoir beneath the icy crust of Saturn’s moon Enceladus. The data came from the spacecraft’s direct analysis of salt-rich ice grains close to the jets ejected from the moon. The study has been published in this week’s edition of the journal Nature.

Data from Cassini’s cosmic dust analyzer show the grains expelled from fissures, known as tiger stripes, are relatively small and usually low in salt far away from the moon. Closer to the moon’s surface, Cassini found that relatively large grains rich with sodium and potassium dominate the plumes. The salt-rich particles have an “ocean-like” composition and indicate that most, if not all, of the expelled ice and water vapor comes from the evaporation of liquid salt-water. When water freezes, the salt is squeezed out, leaving pure water ice behind.

Cassini’s ultraviolet imaging spectrograph also recently obtained complementary results that support the presence of a subsurface ocean. A team of Cassini researchers led by Candice Hansen of the Planetary Science Institute in Tucson, Arizona, measured gas shooting out of distinct jets originating in the moon’s south polar region at five to eight times the speed of sound, several times faster than previously measured. These observations of distinct jets, from a 2010 flyby, are consistent with results showing a difference in composition of ice grains close to the moon’s surface and those that made it out to the E ring, the outermost ring that gets its material primarily from Enceladean jets. If the plumes emanated from ice, they should have very little salt in them.

“There currently is no plausible way to produce a steady outflow of salt-rich grains from solid ice across all the tiger stripes other than salt water under Enceladus’s icy surface,” said Frank Postberg, a Cassini team scientist at the University of Heidelberg in Germany.

The data suggests a layer of water between the moon’s rocky core and its icy mantle, possibly as deep as about 50 miles (80 kilometers) beneath the surface. As this water washes against the rocks, it dissolves salt compounds and rises through fractures in the overlying ice to form reserves nearer the surface. If the outermost layer cracks open, the decrease in pressure from these reserves to space causes a plume to shoot out. Roughly 400 pounds (200 kilograms) of water vapor is lost every second in the plumes, with smaller amounts being lost as ice grains. The team calculates the water reserves must have large evaporating surfaces, or they would freeze easily and stop the plumes.

“We imagine that between the ice and the ice core there is an ocean of depth and this is somehow connected to the surface reservoir,” added Postberg.

The Cassini mission discovered Enceladus’ water-vapor and ice jets in 2005. In 2009, scientists working with the cosmic dust analyzer examined some sodium salts found in ice grains of Saturn’s E ring but the link to subsurface salt water was not definitive. The new paper analyzes three Enceladus flybys in 2008 and 2009 with the same instrument, focusing on the composition of freshly ejected plume grains. In 2008, Cassini discovered a high “density of volatile gases, water vapor, carbon dioxide and carbon monoxide, as well as organic materials, some 20 times denser than expected” in geysers erupting from the moon. The icy particles hit the detector target at speeds between 15,000 and 39,000 MPH (23,000 and 63,000 KPH), vaporizing instantly. Electrical fields inside the cosmic dust analyzer separated the various constituents of the impact cloud.

“Enceladus has got warmth, water and organic chemicals, some of the essential building blocks needed for life,” said Dennis Matson in 2008, Cassini project scientist at NASA’s Jet Propulsion Laboratory in Pasadena, California.

“This finding is a crucial new piece of evidence showing that environmental conditions favorable to the emergence of life can be sustained on icy bodies orbiting gas giant planets,” said Nicolas Altobelli, the European Space Agency’s project scientist for Cassini.

“If there is water in such an unexpected place, it leaves possibility for the rest of the universe,” said Postberg.

Retrieved from “https://en.wikinews.org/w/index.php?title=Saturn_moon_Enceladus_may_have_salty_ocean&oldid=4453704”
Posted by Admin in Uncategorized - Comments (0)
18 December

James Bond set at Pinewood Studios destroyed by fire

Sunday, July 30, 2006

Firefighters have confirmed that the large James Bond sound stage at Pinewood Studios has been destroyed by fire. It is thought eight fire engines were called to the scene near Iver Heath in Buckinghamshire on Sunday morning, where filming for Casino Royale, the latest Bond movie, has been completed.

Jen McVean witnessed the event, and she said the stage was “completely on fire”. The set had been transformed into a replica of the Italian city of Venice, but Mrs McVean, who owns a firm at the studios, said: “Nothing is salvageable and there are many, many fire engines there.” One spokesman said around 40 to 50 firefighters were at the scene.

It is reported that fire damage caused the building’s roof to fall in and firefighters were damping the flames down with specialist equipment. “We do not know the extent of the damage to the 007 stage, although it is believed to be significant,” a spokesman for Pinewood Studios said. “Filming was not taking place. A production had completed filming and its film sets were in the process of being removed,” he added.

No one was reported injured in the incident.

Pinewood, which was created in 1935, was the filming ground for Dr No, the first ever James Bond movie in 1962. It merged with Shepperton Studios in 2001, and high-budget movies like Harry Potter and Charlie and the Chocolate Factory have since been filmed there.

In 1984, a sound stage caught fire, but it reopened in January 1985 and was named the Albert Brocolli sound stage in honour of the man who produced many Bond films. In 1997, Pinewood was hit by fire again after flames broke out in the roof of a sound building where The Avengers was being recorded.

Retrieved from “https://en.wikinews.org/w/index.php?title=James_Bond_set_at_Pinewood_Studios_destroyed_by_fire&oldid=640747”
Posted by Admin in Uncategorized - Comments (0)
15 December

Ontario Votes 2007: Interview with Family Coalition Party candidate Ray Scott, Algoma-Manitoulin

Tuesday, October 2, 2007

Ray Scott is running for the Family Coalition Party in the Ontario provincial election, in the Algoma-Manitoulin riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Retrieved from “https://en.wikinews.org/w/index.php?title=Ontario_Votes_2007:_Interview_with_Family_Coalition_Party_candidate_Ray_Scott,_Algoma-Manitoulin&oldid=1052031”
Posted by Admin in Uncategorized - Comments (0)
15 December

2008 TaiSPO: Interview with Ideal Bike Corporation and Gary Silva

Friday, March 28, 2008

2008 Taipei International Cycle Show (Taipei Cycle) & Taipei International Sporting Goods Show (TaiSPO) not only did a best reunion with conjunctions of the launch of Taipei World Trade Center Nangang Exhibition and the concurrent cycling race of 2008 Tour de Taiwan but also provide opportunities and benefits for sporting goods, bicycle, and athlete sports industries to establish the basis of the sourcing center in Asia and notabilities on the international cycling race.

Although the Taipei cycle was split from the TaiSPO since 1988, but the trends of sporting good industry in Taiwan changed rapidly and multiply because of modern people’s lifestyles and habits. After the “TaiSPO Innovation Award” was established since 2005, the fitness and leisure industries became popular stars as several international buyers respected on lifestyle and health.

For example, some participants participated Taipei Cycle and TaiSPO with different product lines to do several marketing on bicycle and fitness equipments, this also echoed the “Three New Movements” proposed by Giant Co., Ltd. to make a simple bicycle with multiple applications and functions. As of those facts above, Wikinews Journalist Rico Shen interviewed Ideal Bike Corporation and Gary Silva, designer of “3G Steeper” to find out the possibilities on the optimizations between two elements, fitness and bicycle.

Retrieved from “https://en.wikinews.org/w/index.php?title=2008_TaiSPO:_Interview_with_Ideal_Bike_Corporation_and_Gary_Silva&oldid=4608359”
Posted by Admin in Uncategorized - Comments (0)
14 December