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Royal Dutch Shell PLC is planning to postpone or drop some alternative energy projects in China. The current low oil price has made alternative energy costly. There were plans between China’s Shenhua Group and Shell, to produce liquid fuel from coal. The plant was supposed to come up in China’s Ningxia Region.However, Shell has announced that the plan has been postponed because of economic slowdown.Shenhua had been pursuing the liquid fuel plants on its own in the Mongolian region of China. These plans have also become unviable now. Shell said that coal gasification was a big business potential for it in China. Shell had reportedly struck deals for gasification with about 20 companies in China.

The European Union directive against unlawful interception of internet traffic requires EU member states to ensure confidentiality and privacy of Internet users. As per EU telecoms Commissioner, UK has gone against this directive in the Phorm case. Uk signed the directive in 2002 and hence is bound to adhere to it. The Information Commissioner’s Office (ICO) in UK, had discussions with BT and Phorm and accepted BT’s argument about the case. The Commission has also stated that UK does not have regulatory authority to deal with such cases. In addition, the Commission has issued a two month notice BERR regarding the Phorm issue. If UK law is not modified to comply with European regulations, it may be taken up in the European Court of Justice.

An US Justice Department official has said that a client of the Swiss banking major, UBS, will be tried for tax evasion in Florida. This is the first time that such a case has come up involving a UBS client.UBS acknowledged that it helped US clients to evade tax by concealing their assets.UBS has agreed to pay $780 million as fine and has also agreed to identify the US clients.

Genentech’s takeover by the Swiss pharmaceutical giant Roche resulted in a couple of changes at the top. Arthur Levinson, former Genentech CEO, will be appointed as the chairman of a new board of directors overseeing the integration of the two giants. He will also be an Adviser to Genentech’s Research and Early Development Center.

What is biodiversity? Various species of plants, Microorganisms, ecosystems such as deserts, rainforests comprises the biodiversity of the Earth. What does it do ? Maintaining the bio diversity increase the productivity of ecosystem and recovers from the natural disasters. Does man take care of the biodiversity? NO. Biodiversity is widely affected by Human Activities. Destroying the wild life, forest leads to the loss of many species. Amphibian and fish Population comes down. Apart from this politics and greed are also one of the reason for the losss of biodiversity.

US President Barrack Obama and Russia President Dmitri Medevdev had a first face-to-face meeting to continue the talks on START-1 which is getting expired in December. The agreement terms for Strategic Arms Reduction Treaty, Known as START-1 was discussed in 1980s and came into force in 1994. The treaty was mainly to take distinct measures on reduction of nuclear weapons.

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