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Feb 13 2012 12:15
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Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Male - The Maldivian government on Monday flagged off construction of a $200m wind farm as part of efforts to make the low-lying archipelago carbon neutral by 2020.
The wind turbine facility on a small islet just north of the capital Male is expected to be completed within 20 months, an official said, adding that it would supply more than half the nation's electricity needs.
Maldivian President Mohamed Nasheed said the setting up of the 75-megawatt farm would reduce emissions by 25% in his low-lying atoll nation of 330 000 Sunni Muslims.
"We are doing this because we have an environment conscience and it is economical to do so," Nasheed said.
The build-own-and-operate project is being run by the British-based Falcon Energy company.
Nasheed, whose cabinet met underwater last month in a stunt aimed at highlighting the Maldives' vulnerability to rising sea levels, said he wanted the country to be a showcase for renewable and clean energy.
In 2007, the UN's Intergovernmental Panel on Climate Change warned that an increase in sea levels of just 18 to 59 centimetres would make the Maldives virtually uninhabitable by 2100.
More than 80% of the tiny nation, famed as a tourist paradise because of its secluded beaches, coral reefs and white-sand beaches, is less than a metre above sea level.
- AFP