Tag Archives: global

Asian shares mixed

HONG KONG: Asian shares were mixed on Thursday as fears about Europe’s debt crisis deepened after Germany, considered the pillar of the eurozone, failed to sell all its bonds in an auction.
While some markets managed to eke out small gains thanks to bargain-buying, the ongoing woes in Europe as well as the slowing global economy pushed investors to the sidelines.
Tokyo fell 1.38 percent by the break as it played catch-up with regional losses on Wednesday, when it was closed for a public holiday.

Hong Kong lost 0.44 percent and Shanghai gave up 0.68 percent. But Seoul rose 0.22 percent and Sydney was 0.41 percent higher.

A German government bond auction Wednesday drew some of the weakest demand since the introduction of the euro, signalling diminishing investor appetite even for the safest eurozone assets.

Berlin only managed to draw bids of 3.9 billion euros for its six billion euro 10-year bond auction, indicating that investors are now sceptical about even the safest assets in the eurozone.

The failure comes days after Moody’s warned that France’s weak growth and exposure to European debt could see it lose its cherished AAA debt rating, which would send its borrowing costs soaring. (AFP)

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Global temperatures hit ‘hottest March on record’

“Warmer-than-normal conditions dominated the globe, especially in northern Africa, South Asia and Canada,” the National Oceanic and Atmospheric Administration said in a statement on Thursday.

Combined global land and ocean average surface temperature for March 2010 was the warmest on record at 13.5 degrees Celsius (56.3 degrees Fahrenheit), which is 0.77 degrees Celsius above the 20th century average of 12.7 C, it said.

Average ocean temperatures were the hottest for any March since record-keeping began in 1880, while the global land surface was the fourth warmest for any March on record, NOAA said, citing analysis from the National Climate Data Center.

It added that the January-March period was the planet’s fourth warmest on record.

The US agency cited two Asian examples of high March mercury: Tibet had its second warmest March since records began in 1951, it said citing the Beijing Climate Center, while Delhi, India had its own second warmest March since 1901 record-keeping, according to the India Meteorological Department.

Cooler-than-normal temperatures prevailed in some locations, however, including Mongolia, eastern Russia, northern and western Europe, northern Australia, western Alaska and the southeastern United States, NOAA said.

The agency also pointed to Arctic sea ice as a temperature indicator, and said this was the 17th consecutive March in which Arctic sea ice coverage was below average.

Last month’s average coverage of 15.1 million square kilometers (5.8 million square miles) was 4.1 percent below the 1979-2000 average, the agency said.

NOAA stressed that while El Nino, the weather anomaly which wreaks havoc on normal weather patterns from the western seaboard of Latin America to east Africa, weakened to a moderate strength in March, “it contributed significantly to the warmth in the tropical belt and the overall ocean temperature.”

El Nino was expected to maintain its influence in the northern hemisphere “at least through the spring,” NOAA said.

The record March temperatures are likely to be seen as evidence backing the case of those who believe climate change is an urgent crisis which must be addressed at the global level.

The United Nations and several countries have called for a legally-binding agreement on climate change, but at a summit in Copenhagen in December states failed to agree on a deadline to reduce carbon emissions that cause global warming.

Global warming a serious, non-first peak Setsurei or 20 years away

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Global warming a serious, non-first peak Setsurei or 20 years away

BEIJING, November 4, according to Xinhua in Hong Kong, “Wen Wei Po” 4, citing the United States, “National Academy of Sciences” magazine reported that, due to global warming, peak of Mount Kilimanjaro in Africa, the peak of snow (see Figure) is rapidly melt, it may completely disappear within 20 years.

The mountain glaciers from 1912 to 2007, greatly contracted by 85% so far since 2000, reduced 26%. Involved in the report published by Ohio State University earth sciences, Dr. Thompson pointed out that this was the first time researchers calculated that the peak of ice melting ice sheets the size of the marginal contraction from the Setsurei degree, as well as disturbing the surface of ice thinning, the most able see the glaciers melting of each year.

South Peak, the northern ice field peak, respectively, 1.9 m and 5.1 meters thinner, smaller Furtwangler glacier between 2000 and 2009, the thickness is more reduced by 50%, experts estimate that the glaciers disappear until next year or to a trace without a trace.

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