OPEC on Wednesday held steady its forecast for oil demand growth next year, but warned that uncertainty has increased in the world's economic outlook as the eurozone nations grapple with their debt crisis.
The head of the International Monetary Fund, Christine Lagarde, has warned that the global economy is at risk of being plunged into a "lost decade".
ING's announcement follows job cuts by other big Dutch lenders. Nationalised Dutch bank ABN Amro is shedding 2,350 jobs as the state readies it for a return to private hands, while Rabobank said it planned 1,200 job cuts to save costs.
Greece will use future revenue from the country's ?�Helios' solar energy project to cut debt by as much as 15 billion euros ($21 billion), euro-area leaders said.
During a joint press conference with German Chancellor Angela Merkel, French President Nicolas Sarkozy said that 'broad agreement' was reached to ramp up the firepower of the eurozone rescue fund.
Acer has recently rolled out (in Europe) a new LED-free LCD HDTV, a 32-inch model known as AT3218MF which features a native resolution of 1920 x 1080 pixels, viewing angles of 178/178 degrees (an IPS panel maybe), and a brightness of 400 cd/m2.
Renewable Energy World
Are Internet users in the US or Europe ready to entrust all their personal information to an online service controlled from China?
The Financial Times
The latest monthly readings released Thursday on manufacturing in the eurozone, the UK and China all were weaker than they had been, as was a report on the service sector in Europe.
With European Union officials making efforts to reduce electricity consumption and to eliminate traditional, inefficient incandescent light bulbs by 2012, European LED chip and luminaire maker Optogan says that it has entered a new market for solid-state lighting (SSL) luminaires in Romania.
Power generated from solar modules in Europe may take until the end of the decade to be competitive vis-?-vis conventional forms of energy, the world's biggest solar association said on Monday, adding that point could be reached sooner in some regions.
Wall Street Journal
The ITS Economy New polycrystalline solar modules from Norwegian company Innotech Solar now have certificates to prove their European origin.
Retailers expect a sharp rise in the cost of the traditional 60W light bulb as European-wide legislation preventing their production or import takes effect on September 1.
Recession in rich countries has discouraged some would-be incomers from trying their luck. America, for instance, has seen a sharp decline in Mexicans trying to cross its southern border. Immigration to Europe has slowed. Some studies also suggest that increased inflows of migrants are a leading indicator of a pickup in growth.
The European Union has launched a legal challenge against Canada at the World Trade Organization to protest against provincial backing for solar and wind energy projects, the bloc's executive said on Thursday.
Despite a significant increase in sales in the second quarter of 2011, Q-Cells has warned that losses reached ??95.8 million in the first half of the year, due to price declines, inventory write-offs and other one time issues.
First Solar Inc. has announced the sale of its 9.9 megawatt solar plant near Zamora, Spain to European Solar Power Fund, a renewable energy-focused fund for institutional investors managed by KGAL.
A $1.2 billion write-down by solar equipment maker REC on Tuesday highlighted the pain being inflicted by aggressive Chinese competition and may herald wider consolidation in the sector and flattening of prices.
The European Photovoltaic Industry Association (EPIA) will, for the first time, bring together industry leaders and the financial community for a Photovoltaic Investors Day on September 6.
Acer dropped from No. 2 to the No. 4 position in the worldwide PC market in the second quarter of 2011, according to Gartner. It had a great deal of inventory in the distribution channel in the Europe, Middle East and Africa (EMEA) region. Acer's problems stemmed from its low-price, high-volume business model, which is no longer effective.
One of the biggest solar panel factories in Europe has been launched in Italy as a U.N. report says photovoltaic modules have become more price-competitive.
Satcon Technology has released preliminary unaudited results for revenue and gross margin for the second quarter of 2011, which show that the company has revised its gross margin for the quarter downwards from 17-20% to within the 7-11% range. Revenue for the quarter, previously forecasted at between US$50 and US$60 million, now looks set to come in at between US$45 and US$47 million.
It was "probably inevitable" that highly indebted economies would be given a way to quit the single currency, said financier George Soros.
Wall Street Journal
Q-Cells SE (QCE), the German solar-cell manufacturer that's fallen 56 percent in Frankfurt trading over the past year, is open to a takeover bid, Chief Executive Officer Nedim Cen said.
Playing host to the world's largest exhibition for the solar industry, the Messe München has once again opened its doors to Intersolar Europe. Thousands of visitors and exhibitors are expected to attend this year's event, which is estimated to see more than 2,200 companies from 47 countries showcase products and services in the areas of photovoltaics, PV production and solar thermal technology.
Germany has grounded air traffic across its northern airspace because of ash from an erupting volcano in Iceland.