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Completed in 1869, the original canal revolutionized international trade by connecting the Red Sea to the Mediterranean, a shortcut between East and West that spared ships the long journey around the southern tip of Africa. The canal stretched a hundred miles, and 20,000 conscripts a year worked 10 years digging it, according to the official history. Parts of the canal are too narrow for two-way traffic. Canal authorities arrange for ships to take turns passing in convoys heading in alternate directions, and Egypt has been trying for decades to reduce the bottlenecks. The authorities added three side channels in 1955 and another three in 1980. The government has also worked in recent decades on dredging projects to deepen the canal for ever-larger ships. The new side channel to open on Thursday adds 30 miles in an attempt to allow two-way traffic for more of the passage. Although the new channel will not yet allow two-way traffic for the full length of the canal, it will expedite passage by allowing longer or more frequent convoys to pass. That can help attract traffic. For shipping companies deciding between the Suez Canal and other routes, ?it is all about time, and ?how much time can I save?? ? said Willy C. Shih, a professor at Harvard Business School who studies manufacturing and transportation. The creation of jobs, however, will depend on attracting investors to build factories or logistics facilities in planned industrial zones around the canal. And experts said there was little reason to think that shorter transit time would attract investors
Daily News - Eng - Seu destaque ou posição 1534-1546 | Adicionado: sábado, 15 de agosto de 2015 12:02:32
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The existing canal is operating well below maximum capacity, in part because shipping volumes remain below their peak eight years ago. Transport volumes are sagging again this year because of the economic downturn in China and reduced Western demand for Persian Gulf oil.
Daily News - Eng - Seu destaque ou posição 1523-1525 | Adicionado: sábado, 15 de agosto de 2015 12:00:35
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The real advantage of the new channel is that it is expected to lower the average transit time for ships, possibly by several hours. But Mr. Sisi?s government has told Egyptians that the canal?s expansion aims to add $100 million a year to the economy and create a million jobs, and ?those numbers are just totally impossible,? said Reem Abdel Halim, an Egyptian economist.
Daily News - Eng - Seu destaque ou posição 1518-1521 | Adicionado: sábado, 15 de agosto de 2015 12:00:01
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The ?new canal,? however, is in reality a parallel side channel running about one-third the length of the existing waterway. And Mr. Sisi?s promises about its rewards, economists and businessmen say, will depend on the resolution of the same problems holding back the rest of Egypt?s economy, including poor governance and a lack of transparency, dependability and public security. The hype about the canal, some analysts say, does little to ease the doubts of investors.
Daily News - Eng - Seu destaque ou posição 1511-1514 | Adicionado: sábado, 15 de agosto de 2015 11:59:06
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President Abdel Fattah el-Sisi of Egypt traveled on the Suez Canal on Thursday to the city of Ismailia, where he unveiled a new extension to the canal.
Daily News - Eng - Seu destaque ou posição 1495-1496 | Adicionado: sábado, 15 de agosto de 2015 11:56:53
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Suez Canal Upgrade May Not Ease Egypt?s Economic Journey - The New York Times
Daily News - Eng - Seu destaque ou posição 1492-1493 | Adicionado: sábado, 15 de agosto de 2015 11:56:47
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In fact, the BRICS countries remain an economic force to be reckoned with, accounting for 25.7% of world GDP, 42% of the global population, and 17% of total trade. They attract more than 18% of the global total of foreign investment, hold 40% of all foreign-exchange reserves, and account for 30% of total foreign holdings of US Treasury bonds.
Daily News - Eng - Seu destaque ou posição 782-784 | Adicionado: segunda-feira, 20 de julho de 2015 01:44:17
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Japan submits plan to UN to cut emissions by 26% by 2030 | Environment | The Guardian Japan will cut greenhouse gas emissions 26% from 2013 levels by 2030, under a plan to be submitted to the UN on Friday.
Daily News - Eng - Seu destaque ou posição 211-213 | Adicionado: segunda-feira, 20 de julho de 2015 01:29:27
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Once fully operational, Belo Monte will have a maximum capacity of 11,233MW, and is estimated to produce at an average capacity of 4,419MW a year. It will be the world?s third largest hydroelectric dam.
Daily News - Eng - Seu destaque ou posição 81-82 | Adicionado: segunda-feira, 20 de julho de 2015 01:29:09
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China?s State Grid Brazil Holding will build a gigantic transmission line for the Belo Monde hydroelectric dam, located deep in the Amazon rainforest. The Chinese company also won the first auction for a Belo Monte transmission line.
Daily News - Eng - Seu destaque ou posição 67-68 | Adicionado: segunda-feira, 20 de julho de 2015 01:28:20
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This is the second transmission line concession to be auctioned to connect the Belo Monte dam in the Amazon to the national grid and center-south systems
Daily News - Eng - Seu destaque ou posição 64-65 | Adicionado: segunda-feira, 20 de julho de 2015 01:28:03
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Chinese firm wins Brazil?s Belo Monte power line auction
Daily News - Eng - Seu destaque ou posição 63-63 | Adicionado: segunda-feira, 20 de julho de 2015 01:27:58
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BRUSSELS ? The International Monetary Fund?s declaration that it would not back a new bailout for Greece unless the pact substantially reduces the debt burden on Athens clouded the prospects on Wednesday for quick approval of an aid plan. The I.M.F. move also reopened a debate that European leaders thought they had settled during contentious negotiations last weekend. The I.M.F.?s public signal on Tuesday that it would continue to press for additional cuts in Greece?s debt repayments put it in conflict with the country?s European creditors. The deal announced Monday morning stated that the creditors would not forgive any Greek debt and offered only a general assurance of further discussions about reducing annual debt payments by stretching out payment periods or reducing interest rates. The fund?s decision to go public with its stance suggested that the draft agreement would be only the starting point for further negotiations about the sustainability of Greece?s debt and the willingness of its lenders to recognize they might not get all their money back.
Daily News - Eng - Seu destaque ou posição 1061-1071 | Adicionado: quarta-feira, 15 de julho de 2015 13:14:17
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the accord requires that the conventional weapons ban remain in place for five years and the missile ban for eight years ? assuming Iran abides by its commitments.
Daily News - Eng - Seu destaque ou posição 1027-1028 | Adicionado: quarta-feira, 15 de julho de 2015 13:11:58
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Many of the various restrictions in the agreement will be in force for 10 to 25 years. Some, notably Iran?s agreement to constant and technologically advanced monitoring by the International Atomic Energy Agency, will last indefinitely, as will its commitment under the Nuclear Nonproliferation Treaty to never produce a nuclear weapon.
Daily News - Eng - Seu destaque ou posição 1021-1023 | Adicionado: quarta-feira, 15 de julho de 2015 13:11:29
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In return for a phased lifting of international economic sanctions, Iran will reduce by 98 percent its stockpile of low-enriched uranium, which can be processed further into bomb-grade fuel, and reduce the number of operating centrifuges used to enrich that fuel by two-thirds, to 5,060.
Daily News - Eng - Seu destaque ou posição 1017-1019 | Adicionado: quarta-feira, 15 de julho de 2015 13:10:49
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Diplomats also came up with unusual procedure to ?snap back? the sanctions against Iran if an eight-member panel determines that Tehran is violating the nuclear provisions. The members of the panel are Britain, China, France, Germany, Russia, the United States, the European Union and Iran itself. A majority vote is required, meaning that Russia, China and Iran could not collectively block action.
Daily News - Eng - Seu destaque ou posição 415-418 | Adicionado: quarta-feira, 15 de julho de 2015 13:06:03
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After days of haggling, Secretary of State Kerry and his Iranian counterpart, Mohammad Javad Zarif, agreed that the missile restrictions would remain for eight years and that a similar ban on the purchase and sale of conventional weapons would be removed in five years.
Daily News - Eng - Seu destaque ou posição 402-403 | Adicionado: quarta-feira, 15 de julho de 2015 12:59:21
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One of the last, and most contentious, issues was the question of whether and how fast an arms embargo on conventional weapons and missiles, imposed starting in 2006, would be lifted.
Daily News - Eng - Seu destaque ou posição 398-399 | Adicionado: quarta-feira, 15 de julho de 2015 12:59:13
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