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Hitachi to provide world's fastest elevator to China TOKYO: Japan's Hitachi said Monday it will provide the world's fastest elevators, which can clock speeds of up to 72 kilometres (45 miles) per hour, to a high-rise building in China.The lifts will be delivered to the 111-storey, 530-metre (1,740-foot)-tall Guangzhou CTF Financial Centre due to be opened in the southern Chinese city of Guangzhou in 2016, the electronics and engineering firm said in a press release.They will be able to travel the length of the 440 metre shaft -- from the first to 95th floor -- in a stomach-churning 43 seconds.Hitachi will install a total of 95 elevators at the tower, including two of the superfast lifts, as well as slower machines such as double-decker lifts, the statement said.The centre will be the tallest building in Guangzhou, complete with office, hotel and residential space.The world's fastest elevator uses a newly developed permanent magnet motor that achieves both a thin ...

Automakers in China eager to sell - and resell BEIJING: China's car market is just gearing up as the world's largest, yet automakers are already eyeing the next big thing -- the market for reselling them. Their eagerness to attract buyers in the world's largest car market is on full display at the Beijing International Automotive Exhibition, which opened to the public on Monday with more than 1,000 vehicles on show. Motor enthusiasts crowded around the displays with their spouses and children in a ...
Thai Airways warns of steeper-than-expected Q1 loss due to political unrest BANGKOK: Thai Airways International Pcl warned on Monday of a steeper-than-expected first-quarter net loss as passenger numbers fell due to prolonged political unrest in Thailand and fierce competition from low-cost carriers. "First quarter net loss will be higher than what we had expected by 30 million baht," acting president Chokchai Panyayong told reporters after a board meeting. He did not give an exact figure for the anticipated loss. Passenger numbers in March alone dropped almost ...
Toyota says considering expanding China production capacity BEIJING: Toyota Motor Corp is considering significantly expanding its production capacity in China as is seeks to catch up with global rivals in the world's largest auto market, a senior executive said on Monday.Toyota, the world's largest carmaker, is aiming to double sales in China to 2 million vehicles, a figure its China chief Hiroji Onishi said was the "minimum level" necessary to keep up with market leaders Volkswagen AG and General Motors Co. He ...
Singapore industrial production seen staying firm in March SINGAPORE: Singapore's industrial production in March likely expanded from a year earlier, rising for the ninth straight month, a Reuters poll showed, after a recent survey pointed to a continued expansion in manufacturing activity.The median forecast in a Reuters survey of 12 economists showed that manufacturing output in March was estimated to have increased by 6.3 percent from a year earlier.In February, manufacturing output had surged 12.8 percent from a year earlier.On a month-on-month, seasonally ...
Japan's digital eyes show your emotions for you TOKYO: Can't be bothered to show anyone what you're thinking? Then a Japanese scientist has the answer -- a pair of digital eyes that can express delight and anger, or even feign boredom.Building on a long line of slightly wacky and not-very-practical inventions for which Japan is famous, Hirotaka Osawa has unveiled the "AgencyGlass"."I wanted to build a system that is capable of carrying out social behaviours for humans," he told AFP.Just as robots can ...
India Reliance Industries' telecoms unit in tower lease pact with ATC NEW DELHI: Indian conglomerate Reliance Industries' telecommunications unit, which holds nationwide 4G permits, has agreed to lease mobile phone masts from infrastructure provider American Tower Corporation's (ATC) local arm, the companies said in a statement on Monday.Reliance Jio Infocomm's agreement with ATC India Tower Corporation comes after its tower-leasing pacts with local firms Reliance Communications, Bharti Infratel and Viom Networks.Reliance Jio also has an agreement with Bharti Infratel's parent Bharti Airtel to share network.Reliance Jio ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln