Europe to face large protests in May Day

Note: This section contains information in English only.
Source: BBC
Anti-austerity protestors are likely to hold massive demonstrations in May Day. Demonstrations in Athens that involve private and public sector strikes have already disrupted the public transport. However, the traditional violence is not expected as Greeks are likely to show their protest against austerity measures on Sunday when the general elections are due.

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Tue, 01 May 2012 10:25:46 GMT

Nigeria is set to increase oil output to 4 million barrels per day by 2020

Nigeria is expected to almost double its oil output by 2020, according to Diezani Alison-Madueke, Nigeria's Petroleum Minister. By expanding the current capacity by 1 million barrels per day, Nigeria will be capable to contribute significantly to world's oil supply, he stated. The minister also suggested increasing current oil reserves from 37 billion barrels to 40 billion barrels.

Tue, 01 May 2012 10:03:46 GMT

Japanese zinc exports dropped by 35% in March

Japanese zinc exports declined by 35% in March, reported the Ministry of Finance. Meanwhile, China's zinc imports soared by more than 100% on an annualized rate in March while domestic zinc demand is likely to approach four year high this year, reported Mitsui. Experts attributed the fall in exports to earthquake in March 2011.

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