Hourly News updated 08:00 2011/11/10

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Eastern Turkey has been rattled¹ by another strong earthquake, causing more significant damage to the already-quake striken province of Van.

The 5.7-magnitude quake hit after 9pm local time last night, killing² at least three people.

While the region has been rattled by aftershocks of over 5 on the Richter scale, this one struck at an extremely shallow depth of just under 5-kilometers.

The shaking has been strong enough to collapse³ a number of buildings, including a major hotel where journalists and officials have been staying to cover the aftermath of the 7.2-magnitude earthquake which hit on October 23rd.

 

 

Russia aim to get Mars probe back on track in two weeks

Russian engineers are now scrambling⁴ to correct the path of a Russian probe, after it missed its intended orbit.

This is the same probe which is carrying China's Mars orbiter, the Yinghuo-1.

Russian space officials say an engine failure has forced the spacecraft into a support orbit.

They now have 3-days to correct the problem before the batteries on the craft run out.

If they can't, it's unclear if the probes will be able to make their scheduled rendevous with Mars next year.

 

 

China repeats its call to resolve Iranian nuclear issue through talks

China is repeating its call to resolve the Iranian nuclear issue through talks.

It comes following a report of the International Atomic Energy Agency, which says it has obtained "credible⁵" information that Iran may be developing nuclear weapons.

Foreign Ministry⁶ spokesperson Hong Lei.

"China opposes the proliferation of nuclear weapons, and disapproves⁷ of any Middle Eastern country developing nuclear weapons. China has consistently advocated using dialogue and cooperation to resolve the Iranian nuclear issue."

Hong also says China is in no rush to take the matter back to the UN Security Council.

Meanwhile, Iran is dismissing the report as "politically motivated." President Mahmoud Ahmadinejad says Iran will not retreat from its nuclear path.

 

 

Italy's president says Berlusconi will step down in days

Italy's president says Prime Minister Silvio Berlusconi will resign within days.

Giorgio Napolitano also says a new government will be formed shortly afterward⁸.

Berlusconi made the decision to step down this week after he lost his majority in a parliament vote.

 

 

Greek coalition⁹ government bid extends to Thursday

The political wrangling¹⁰ to finally create a change in government in Greece is going to be extended into this Thursday.

This comes after Greek politicians failed to resolve who is going replace outgoing Prime Minister George Papandreou.

It was widely expected an announcement on the new Greek leadership was going to be made on Wednesday, after Papandreou went on television to announce that his choice for Prime Minister was an "institutional figure."

That has prompted many to suspect that Papandreou's choice would be the current parliamentary speaker Philippos Petsalnikos.

However, it appears the negotiations¹¹ remain unresolved.

 

 

More European investors¹² believe in double dip: Fitch

A new survey by ratings agency Fitch now suggests that about 70 percent of European investors now believe there is a high risk of a double dip recession.

This is up significantly from the 40 percent that thought so in the 2nd quarter, and the 21-percent that thought so at the end of March.

According to Fitch, part of the reason for the increased concerns about a double-dip recession lies in perceived weakness in the emerging market economies, such as China.

Fitch says its survey shows a more negative sentiment about the fundamental credit conditions in emerging markets.

 

 

China's State Council approves plan to curb¹³ greenhouse gas emission¹⁴

The State Council has approved a plan to contain greenhouse gas emissions¹⁵ here in China.

Under the new plan, carbon dioxide emissions per unit of GDP are to be reduced to 17-percent by 2015.

The Cabinet Meeting, chaired by Premier¹⁶ Wen Jiabao, has also put out a call for active development of low-carbon energy.

The State Council says government institutions and social groups will be asked to advocate a green lifestyle.

 

 

Forest fire in Tibet under control

A fire that has been ravaging¹⁷ a forest in Tibet has been brought under control.

Over 15-hundred people have been fighting the blaze, which broke out Tuesday afternoon in Zayu County, which borders India and Myanmar.

The fire torched less than a hectare before it was brought under control.

No word on the cause of the fire at this point.

 

 

China to form national office for IPR infringement¹⁸, fake products crackdown

China's State Council has announced the establishment of a national office to clampdown on infringement of intellectual property rights and counterfeit¹⁹ products.

Police have been urging the creation of a cross-regional law enforcement system to help them investigate cases of IPR infringement and fake products.

The State Council is also pressing for better regulation of Internet-based trade.

The cabinet is also considering tougher penalties for crimes involving IPR infringement and the production and sale of fake products.

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