Mon, Feb 11, 2008 - Page 5 News List

Business Quick Take

AGENCIES

■ ENVIRONMENT

Green city under way

The oil-rich United Arab Emirates (UAE) was set to start work yesterday on construction of the world's first zero carbon emissions city, a spokesman for the project said. "Construction on Masdar City begins today," the spokesman said, adding that the 6.5km2 development would cost US$22 billion and was set for completion in 2015. Masdar City will house 50,000 people and will be run entirely on renewable energy such as solar power, exploiting the desert state's near constant supply of sunshine. The city is named after the Arabic word for "source." Residents will use electric-powered travel pods to get around the city. The UAE sits on the world's fifth-largest oil reserves and fourth-largest gas reserves, most of them in the emirate of Abu Dhabi

■ TELECOMS

PRC lines badly damaged

China's telecom industry faces a huge bill after the worst winter in decades, with millions of users cut off and thousands of kilometers of phone lines damaged, state media said yesterday. Preliminary government statistics showed the massive snow falls led to losses of 1.1 billion yuan (US$150 million), Xinhua news agency reported. Ten million mobile and fixed-line subscribers were still unable to use their phones as of Friday, Xinhua said. A total of 10,000 mobile phone base stations remain out of service and 150,000 poles for fixed-line services have collapsed, while 16,000km of lines have been damaged, Xinhua said. It reported that 80,000 telecom industry workers had fanned out across the country to seek to restore services. China had 547 million mobile phone subscribers and 365 million users of fixed-line services at the end of last year, government data said.

■ AGRICULTURE

France bans modified corn

France has banned a strain of genetically modified (GM) corn from US agribusiness giant Monsanto, delighting environmentalists but sparking outrage from the company and French farmers. At least one association planned a legal challenge to Saturday's decision, but leading environmental campaigner Jose Bove welcomed the decision, describing it as the fruit of a 10-year battle. A spokeswoman for Monsanto said on Saturday that France's decision to outlaw the use of the MON810 strain of corn, the only GM crop grown in France, "had no scientific basis." "Monsanto is studying all the legal options to defend the liberty of French farmers to use safe and authorized products," she said.

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