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Floating islands to fight the rise of sea levels
When former Google software engineer Patri Friedman came up with the idea of building floating islands, he had in mind an unusual buyer: Libertarians, seeking freedom to live beyond the reach of governments. But his futuristic plan has now found a new, motivated and very different audience - small islands halfway around the world that […]
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World Bank empowers India’s solar rooftop projects
The World Bank Group lends a helping hand to the State Bank of India (SBI), enabling it to finance solar rooftop projects that will add at least 100MW of solar rooftop capacity to the grid. The global financier announced the development last week Friday, which will see SBI obtaining a loan worth $625 million. According […]
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Switzerland switch to renewables
Swiss voters have come out in favour of swapping nuclear power for renewable energy, despite warnings the transition will lead to a hike in household bills. Switzerland’s five nuclear power plants provide a third of the country’s energy needs, but they are reaching the end of their lives. The government had proposed phasing out nuclear […]
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Chinese enterprises donate relief supplies to Sri Lanka flood victims
Chinese enterprises in Sri Lanka have provided donations and relief materials to victims affected by the devastating floods and landslides which killed 202 people and affected over 600,000. A statement on Wednesday said that the Sri Lanka Gampaha, Attanagalla and Minuwangoda Integrated Water Supply Project team, a subsidiary of China Machinery and Equipment Engineering Co., […]
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Kenya launches flagship standard gauge railway
Kenyan President Uhuru Kenyatta on last Wednesday launched the passenger train service of the 480-km Mombasa-Nairobi Standard Gauge Railway (SGR), paving way for the nation's endeavor for industrialization and prosperity. Terming it as "a new chapter" in the history of Kenya, the president said the modern railway will replace the meter gauge railway that was […]
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New World Bank Grant to Help Marshall Islands
The World Bank’s Board of Executive Directors approved this month grant financing for a project that is expected to help communities in the Marshall Islands – already vulnerable to recurring drought and flooding – prepare better for the impact of climate change. The Pacific Resilience Project II will receive a US$19.6 million grant for the Marshall […]
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Pakistan a hub in China's 'New Silk Road'
Pakistan is a key player in China's Belt and Road Initiative that has become known as the the "New Silk Road". China is investing billions of dollars to transform the country's infrastructure. Pakistan's port city of Gwadar is set to be a vital trade link to West Asia, Africa and beyond. This small fishing town has […]
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China is building a new city on 4 islands in Malaysia
On four man-made Malaysian islands, Chinese developer Country Garden is building a huge new city. Called Forest City, the $100 billion metropolis will be able to accommodate 700,000 people. That's about 20,000 more than the current population of Washington, DC — and it will have a density greater than Manhattan. When Forest City is complete […]
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China's multi-mln-USD donations to help refugees in Somalia, Kenya
China has promised donations worth 6 million U.S. dollars to support refugee aids in Somalia and Kenya via UN agencies. China has inked agreement with the UN migration agency (IOM) for 1-million-dollar multi-sector assistance that will support IOM efforts to help internally displaced persons, vulnerable communities and returnees in Somalia. A statement from IOM said […]
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Solar power to rise from Chernobyl's nuclear ashes
Two Chinese firms plan to build a solar power plant in the exclusion zone around the Chernobyl nuclear reactor, which has been off limits since a devastating explosion contaminated the region with deadly radiation in 1986. GCL System Integration Technology (GCL-SI), a subsidiary of the GCL Group, said it would cooperate with China National Complete […]
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