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China's Alibaba posts 16.6% rise in 2011 net profit

Chinese Internet company Alibaba on Tuesday posted a net profit of 1.71 billion yuan ($271.48 million) in 2011, up 16.6 percent over the previous year, but with weakness in the fourth quarter.

Brazil judge says work can resume at Amazon dam

A judge in Brazil on Friday revoked his own order to halt work on a controversial $11 billion dam in the Amazon region, a project that has been criticized by environmentalists and native groups.

Climate conference approves landmark deal

(AP) -- A U.N. climate conference reached a hard-fought agreement Sunday on a far-reaching program meant to set a new course for the global fight against climate change.

Back-room negotiations begin on climate intentions

(AP) -- Back-room negotiations began in earnest Monday on a deal to rescue the only treaty governing greenhouse gas reductions and to launch talks on a broader agreement to include the world's largest polluters: China and ...

China lays out conditions for legally binding climate deal

China's top climate negotiator Xie Zhenhua on Sunday laid out conditions under which Beijing would accept a legally-binding climate deal that would go into force after 2020, when current voluntary pledges run out.

Global oil demand 'to rise 14% by 2035': IEA

Global oil demand is set to grow by 14.0 percent by 2035, pulled by China and emerging economies and the price could reach 120 dollars per barrel, the IEA said in its annual report on Wednesday.

EU urges roadmap this year on climate action

The European Union urged all nations Sunday to make clear how they will tackle climate change, saying the world needs a roadmap this year on future action even if a treaty appears out of reach.

Brazil court orders halt to work on $11 bln mega-dam

A federal court in Brazil has ordered a halt in construction at the controversial $11 billion Belo Monte hydroelectric dam, saying it would disrupt fishing by local indigenous people.

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