European Wind Energy Association said that offshore wind projects, which are expected to fulfill around 17 per cent of the European Union' energy demands by 2030, are facing acute shortage of funds.

Offshore wind projects require 57 billion euros by 2020 to complete projects with 40 Gigawatts of generating-capacity, while some huge projects with 100 Gigawatts of generating-capacity are already under construction.

A meeting was held between the producers' cartel Opec on Wednesday, after which oil price rose above $72 a barrel.

At the meeting, Opec took the decision to avoid any change in the amount of oil being produced by its members.

Opec said that though there are indications that economic recovery is underway; however, there are concerns about the pace of the recovery.

Since the euro continued to gain ground against the US dollar in currency markets, hike in US light sweet crude appeared 85 cents to $72.16 in Asian trading.

Latest media reports have revealed the official release of pictures and details of the McLaren MP4-12C, which is a brand-new supercar from the successful racing car company, McLaren Automotive.

The latest MP4-12C is inspired by Formula-1 engineering and revolutionary chassis architecture.

Though the inspiration has been taken from the well-known F1, but McLaren specifies that it is the 21st century demands which have finally led to the creation of the MP4-12C.

Announcement regarding an amicable bid for Brazilian telecom operator GVT was made Wednesday by French entertainment and telecoms group Vivendi, in a deal, which if accomplished, would be valued at 2 billion euros ($2.88 billion).

Vivendi informed about a tender offer as well, which it will unveil for 100 percent of GVT's capital at 42 reais per share, valuing the Brazilian broadband and telecoms player at 5.4 billion reais or 2 billion euros.

With the aim to correct its "stupid mistakes", Amazon is proposing to return the deleted copies of 1984, complete with user annotations.

Due to this, Amazon chief executive was compelled to blast the move as "stupid, thoughtless, and painfully out of line with the company's principles."

But nevertheless, the company has now offered to either give the customers a $30 refund or return of the original book, including any annotations the customers may have made.

With its proposed "merger of equals" with Anglo American showing signs of fizzling out, the Switzerland-based mining giant Xstrata intends launching a fresh bid for the world's third-ranking platinum producer, the South Africa-based Lonmin, which was earlier called Lonrho.

After Xstrata's previous hostile acquisition bid of £5 billion for Lonmin last October - a bid that Xstrata had to forfeit due to the recession-hit crashed markets and shrunken sources of funding -, Xstrata now plans to offer over £3 billion for the proposed takeover.

The great-sounding Google settlement with the Authors Guild and the Association of American Publishers, for digitizing millions of copyrighted books on the Internet has met with yet another opposition - this time round from Germany!

The October 2008 settlement is already being scrutinized by the US Justice Department; and has been criticized by European authors and publishers, privacy advocates and others, on the grounds that the deal gives Google broad rights and immunities, thereby giving it an 'unfair' edge over other digital libraries.