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Nepal And The World News In Brief (6 - 12 January 2013)

  2 min 9 sec to read

Pakistan Plans to Produce 8,900 MW 
With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country’s power sector.
 
Japan’s Population Logs Record Drop in 2013
Japan’s population fell by a record 244,000 in 2013, according to health ministry estimates released on 1st January. An estimated 1,031,000 babies were born in 2013, down about 6,000 from a year earlier, the ministry said.On the other hand, around 1,275,000 people died — up about 19,000 from the previous year, the highest annual rise since World War II. Japan’s population totalled 126,393,679 as of March 31, down 0.21 per cent from a year earlier.
 
Latvia Joins Eurozone
Latvia has begun the new year by joining the eurozone, becoming the 18th member of the group of EU states which uses the euro as its currency. The former Soviet republic on the Baltic Sea recently emerged from the financial crisis to become the EU’s fastest-growing economy.
 
China Local Government Debt Surges by 70%
China has local government debts of 17.7 trillion yuan ($2.9 tn), up 70% from three years ago, according to an official report. China’s government asked the National Audit Office (NAO) in July to do a round-up of the debts outstanding at a local level.The report showed some local governments were using new loans to repay more than a fifth of their debt. China has a total government debt of about 58% of its economic output.
 
Spain Steps into Panama Canal Row
The Spanish government is in talks with Panama to try to resolve a row over the expansion of the Panama Canal. Spain’s public works minister Ana Pastor will fly to Panama this weekend, following a meeting between diplomats on last Friday. Work began on the expansion of the shipping hub in 2009, but it has gone over-budget by $1.6bn. The group behind the project, led by Spain’s Sacyr, has threatened to halt work unless the extra money is paid.

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