The European Parliament has approved legislation regulating the use of pesticides. The law bans certain highly toxic chemicals in pesticides and creates criteria for the use of other substances. The EU will create a list of approved “active substances,” consisting of chemicals that can be used in pesticides. Based on an assessment by the Swedish […]
China has announced a pilot program for the reform of public hospitals. Among the targets of the plan is hospital infrastructure. Over the next three years, the government will fund the construction of 2,000 hospitals in the country’s 1,600 counties in an effort to allocate more resources to rural health care. The plan will also […]
The Ministry of Knowledge Economy has announced three new “growth engines” for the nation’s economy: green technology, “high-technology industrial convergence” and “valued-added industries.” The Ministry will work to attract KRW 90.5 trillion ($66.9 billion) in private funding by 2013 for 10 projects. The government will contribute KRW 7.3 trillion to the projects, as well as […]
According to the Organization for Economic Cooperation and Development (OECD), the US subprime mortgage crisis has spread to many nonfinancial sectors and has had widespread negative effects on world economies. In comparison to the 1.4% GDP increase for 2008, OECD countries’ GDP will decline by 0.4% for 2009. In the November update of the International […]
The EU has adopted a new toy safety directive designed to update regulations. A toy, as defined by the directive, is a product with which children under 14 play. Manufacturers are charged with ensuring a toy in safe prior to sale. A total of 55 allergenic fragrances are now banned from use in toys. In […]
R&D spending in Singapore increased 26.5% to SGD 6,339 million ($4,370 million), or 2.61% of GDP, according to a survey by the Agency for Science, Technology and Research (A*STAR). Experimental development, applied research and basic research accounted for 58%, 25% and 17% of R&D expenditures, respectively. Engineering and technology represented 65% of R&D expenditures, while […]
Austria’s transformation of its R&D system over the last decade has attracted the attention of France, Spain and the Czech Republic, which are each following Austria’s model in hopes of attracting new R&D investments. This year, the country’s R&D spending as a percentage of GDP is expected to be 2.68%, compared to 1.8% 10 years […]
Approved in November, the 2009 budget for Germany’s Federal Ministry of Education and Research (BMBF) increased 9.1% to €10.204 billion ($12.984 billion), or 2.9% of GDP. Funding for projects rose 15% to €3.5 billion. Project areas of focus include biotechnology and biomedical research. In total, funding for the life sciences increased 7.5% to €430 million. […]
Russia’s Nanotechnology Corporation (Rosnano) will account for half of the country’s “midterm” investment of $10 billion in nanotechnology, according to Deputy Prime Minister Sergei Ivanov. Established in 2007 by the Russian government, Rosnano is designed to attract private investments in nanotechnology and to improve the country’s nanotechnology output. Rosnano is currently set to receive $4.65 […]
The Chinese government has allocated CNY 6.6 billion ($880 billion) to drug discovery and development. The program will select Chinese companies, universities and research institutes to develop drugs for 10 disease areas (malignant tumors, heart disease, cardiovascular systems ailments, nervous system diseases, diabetes, psychosis, autoimmune problems, drug resistant infections, viral infectious diseases and tuberculosis). The […]
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IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.
