More analysis needed in oil well cap, feels White House

More analysis needed in oil well cap, feels White HouseResults of a crucial test on BP's well in the Gulf of Mexico are ambiguous and urged BP to increase monitoring during testing, The White House said on Friday.

The New York Times has reported that retired Coast Guard Adm. Thad Allen, overseeing the response to the gulf oil spill, said the testing indicates the well is in good shape, but it was not yet possible to rule out damage that might complicate efforts to permanently stop the leak.

He said, "We want to be careful not to do any harm or create a situation that could not be reversed."

Russian heat wave reaches record temperatures

Russian heat wave reaches record temperaturesMeteorologists have said that temperatures in Moscow reached 91 degrees in a heat wave that broke a 70-year-old weather record.

RIA Novosti reported on Friday that according to the forecasters, the heat wave in the entire central region of Russia area will last until July 22.

A meteorologist said, "As of 15.00 Moscow time, meteorological stations in Moscow registered 33 degrees Celsius (91 degrees F), 0.2 degrees higher than the record set on July 16, in 1938."

Denver Judge rules stealing of Valor as an unconstitutional act

Denver Judge rules stealing of Valor as an unconstitutional actIt has been reported that a U. S. district judge in Denver has dismissed the case of a man who lied about being a war veteran, saying the Stolen Valor Act is unconstitutional.

The Denver Post reported on Friday that Judge Robert Blackburn threw out the case against Rick Strandlof, who had been charged with misdemeanors for making false claims of receiving military decoration for serving in the Iraq war.

Blackburn ruled that the act violates First Amendment free speech rights.

Food inflation rises to 12.81%

Food inflation rises to 12.81%The yearly food infl

More than half new power in US, EU is green

More than half new power in US, EU is greenOver 50% of all new electric capacity summed up in the United States and Europe during last year was from renewable energy sources such as wind and solar energy. As a result of shifting deployment by developing countries like Brazil, India and China it was a record year to add up new green power.

Exim agrees to guarantee loan for Reliance’s project

Exim agrees to guarantee loan for Reliance’s projectAnil Ambani's Reliance group has succeeded in getting a loan agreement from Exim for its power project at Sasan, in Madhya Pradesh. Exim Bank has just given an introductory approval for lending $600 million which is approximately Rs. 2,800 crore in Indian figures, which will pay for the sale and export by the US firm Bucyrus International.

This grant of loans, according to a study conducted by the Metropolitan Milwaukee Association of Commerce, will also ascertain around 1000 jobs in the US and provide with employment.

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