By Sam Nussey and Maki Shiraki TOKYO (Reuters) - Mazda Motor Corp said it would become the world's first automaker to commercialise a much more efficient petrol engine using technology that deep-pocketed rivals have been trying to engineer for decades, a twist in an industry increasingly going electric. The new compression ignition engine is 20 percent to 30 percent more fuel efficient than the Japanese automaker's current engines and uses a technology that has eluded the likes of Daimler AG and General Motors Co. Mazda, with a research and development (R&D) budget a fraction of those of major peers, said it plans to sell cars with the new engine from 2019. "It's a major breakthrough," said Ryoji Miyashita, chairman of automotive engineering company AEMSS Inc. The announcement places traditional engines at the centre of Mazda's strategy and comes just days after Mazda said it will work with Toyota Motor Corp to develop electric vehicles and build a $1.6 billion U.S. assembly plant.
By Ben Blanchard BEIJING (Reuters) - China will pay the biggest price from the new U.N. sanctions against North Korea because of its close economic relationship with the country, but will always enforce the resolutions, Chinese Foreign Minister Wang Yi said. The U.N. Security Council unanimously imposed new sanctions on North Korea on Saturday over its continued missile tests that could slash the reclusive country's $3 billion annual export revenue by a third. Speaking at a regional security forum in Manila on Monday, Wang said the new resolution showed China and the international community's opposition to North Korea's continued missile tests, the foreign ministry said in a statement on Tuesday.
Hong Kong has closed more than a dozen beaches after a palm oil spill washed foul-smelling, Styrofoam-like clumps ashore, the latest major environmental disaster to blight the territory's waters. The Chinese-controlled city closed two more beaches in the south of Hong Kong island on Tuesday, bringing to 13 the total shut since two vessels collided in the Pearl River estuary. It took two days for mainland Chinese authorities to inform Hong Kong about the collision, the government said.
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