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Moscow, Dhu-AlQa'dah 19, 1436, September 03, 2015, SPA -- German state bank KfW signed a deal on Thursday to lend 200 million euros to cash-strapped Ukraine, Ukraine's Finance...

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Condoleezza Rice Admits Biofuels May Raise Food Prices
Washington, April 29, SPA -- Using farmland to produce biofuels like ethanol may be partly to blame for soaring food prices, U.S. Secretary of State Condoleezza Rice said Monday.


“There has been apparently some effect, unintended consequence, from the alternative fuels effort,” Rice told a meeting of the Peace Corps in Washington when asked for the U.S. government’s view on the spike in world food prices.


“Although we believe that while biofuels continue to be an extremely important piece of the alternative energy picture, obviously we want to make sure that it is not having an adverse effect,” Rice said. “We think that it is not a large part of the problem, but it in fact may be a part of the problem, the ethanol debate.”


Rice said other factors causing high food process include problems of distributing food in conflict areas and export caps imposed by some countries that are trying to meet rising demand from its citizens.
Biofuels have been promoted as a way to limit and reduce greenhouse-gas emissions, responsible for global warming, but since they are grown on land that otherwise would be used for food production, they increasingly have been blamed for soaring food prices.

--SPA

 

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Moscow, Dhu-AlQa'dah 19, 1436, September 03, 2015, SPA -- German state bank KfW signed a deal on Thursday to lend 200 million euros to cash-strapped Ukraine, Ukraine's Finance Ministry said, according to dpa. The loan will directly support Ukraine's Deposit...
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Washington, 19 Dhu-AlQa'dah,1436 , 03 September,2015, SPA -- A US researcher has described the visit of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud to the United States on Thursday as a sign of strong relations between the two countries. The researcher at the...
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BRUSSELS, Dhu-AlQa'dah 19, 1436, Sep 3, 2015, SPA -- Hungary plans to deploy the military at its southern border with Serbia as part of a crackdown on migrants and human traffickers and blames Germany for the massive influx through its territory, AP reported. Prime Minister Viktor Orban...
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GENEVA, Dhu-AlQa'dah 19, 1436, Sep 3, 2015, SPA -- More than 2,000 Syrians have drowned in the Mediterranean while trying to reach Europe since 2011 and there's no end in sight to Syria's civil war, AP quoted a U.N. panel as saying. The U.N. Human Rights Council report said "the...
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Riyadh, Dhu-AlQa'dah 19, 1436, Sep 3, 2015, SPA -- Deputy Speaker of the Shura Council Dr. Mohammed bin Amin Al-Jefri, has stressed the Kingdom of Saudi Arabia's belief in the importance of promoting sustainable development and the creation of its appropriate conditions at various economic,...
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