Australia pledges $65.4mn towards reducing greenhouse gas emissions
Melbourne: Two days after a British report warned of the dire consequences of not tackling climate change, Australia pledged to spend $65.4 million for projects to cut greenhouse gas emissions in collaboration with five other countries including India. Australian Prime Minister John Howard announced the funding for 42 projects under the Asia-Pacific Partnership.

The funding is part of Australia's contribution to the AP6 - comprising Australia, India, Japan, China, South Korea and the US - which met for the first time in Sydney last January.

The projects cover a range of areas including renewable energies, improving environmental performance of fossil fuels and energy efficiency in sectors such as coal mining and aluminium production.
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Oil prices slip
London: World oil prices slipped on Wednesday on anticipations of healthy energy inventories report.

New York's main contract, light sweet crude for delivery in December, fell 43 cents to $58.30 per barrel in electronic deals before the official opening of the US market.

In London, Brent North ea crude for December delivery shed 45 cents to USD 58.58 per barrel in electronic trading.

The US Department of Energy (DoE) was due to publish its snapshot of oil reserves later on Wednesday and the market was expecting a sharp rise in crude inventories.

Oil prices suffered the biggest one-day fall for more than a year on Monday, closing down by more than two dollars, as sentiment was hit by slowdowns in US economic growth and Chinese demand for energy.
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Sony to sell world's lightest notebook PC
Tokyo: Japan's Sony Corp plans to start selling the world's lightest notebook computer in December in Japan.

Weighing 898 grams, Sony's "type G" Vaio computer will be the lightest laptop PC, and comes with a 12.1-inch liquid crystal display (LCD) screen, the electronics and entertainment conglomerate said. The company expects a basic model of its new "type G" computer, which runs for about 12.5 hours on a battery and is not equipped with an optical drive, to sell for about 220,000 yen ($1,881).

The company has no plans to offer the "type G" models overseas.

While not disclosing the sales target for the new models, the company said it aims to raise the ratio of its personal computer revenue from corporate clients to 30 per cent of its PC revenue in Japan by the business year ending March 2010, from the current level of less than 10 per cent.

Sony aims to sell 4.2 million units of Vaio PCs in the year to March 2007, up 14 per cent on the year.
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