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The US economy grew at an annual rate of 3.2 percent in the first three months of 2010, according to the US Commerce Department's first estimate released Friday, extending the US recovery from a deep recession in 2009.

With the increasing production from mature oilfields, there are high growth prospects for the enhanced oil recovery market during the forecast period.The leading players in the enhanced oil recovery market include Halliburton (US), Schlumberger (US), Baker Hughes Company (US), Royal Dutch Shell Plc (Netherlands), and BP Plc(UK).

The US economy seems to be recovering but it is "far from being out of the woods," Federal Reserve Chairman Ben Bernanke said on Wednesday.

Overview of New Glenn With the much awaited first flight of its New Glenn rocket, Blue Origin is poised to make a significant breakthrough in the space race. For Blue Origin, this mission marks a turning point as it aims to compete with SpaceX in the commercial launch market. This mission, which is scheduled to launch from Cape Canaveral Space Force Station, is to demonstrate Blue Origin's superior technology and cargo delivery capabilities into orbit. New Glenn: What is it? Heavy-Lift Capability: The New Glenn is a strong, heavy-lift rocket that can carry massive loads into space. It is designed to rival SpaceX's Falcon rockets in terms of total performance, size, and capability. Seven BE-4 Engines: One of the most powerful rockets ever constructed, the first stage of New Glenn is propelled by seven BE-4 engines. Design Reusability: With a focus on reusability, New Glenn's launcher is designed to return to Earth after launch, greatly lowering the cost of further flights. launchpad New Glenn's Importance to Blue Origin Taking on SpaceX: Blue Origin hopes to disrupt the commercial launch business by directly competing with SpaceX with New Glenn. The dynamics of the launch industry could be completely changed by a successful mission. Cost Efficiency Focus: By reusing the first stage, similar to SpaceX's Falcon rockets, the novel booster recovery method is intended to reduce costs. Space missions may become more profitable as a result of this efficiency. Information about the Upcoming First Launch Launch Date: After a brief delay caused by unfavourable weather conditions at sea, the first launch is scheduled to depart Cape Canaveral, Florida, at 1 a.m. ET on Monday. The purpose of this test mission is to determine whether New Glenn can launch the Blue Ring Pathfinder experiment into orbit without the need for a satellite. Overview of the Mission: The first stage booster is scheduled to land on a maritime platform called Jacklyn after launch, and the fli

The Indian economy will grow at 8.5 percent during the next fiscal, even as the government will do everything possible to ensure a mid-term target of 10 percent annual expansion, Prime Minister Manmohan Singh said on Tuesday in New Delhi.

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US stocks posted broad gains on Monday on the back of last week's positive unemployment report and other signs that the US economic recovery may be gathering steam.

Major US stock indices declined Wednesday after government data showed consumers were reluctant to take on more debt, and Federal Reserve Chairman Ben Bernanke hedged his bets on economic recovery.

US President Barack Obama has urged the world's top 20 economies to work together to boost reforms and take aggressive actions to repair the worst global financial crisis since the 1930s.

Oil futures hovered around the top level in as much as a week as investors believed that recent recovery in U.S. economy will increase oil demand. The spread between the two benchmark crude futures widened an eighth trade after Nigerian oil pipeline was attacked by local militants.

The US economy added an unexpectedly strong 290,000 jobs in April, its best gain in four years, in another sign of recovery after the worst recession in decades, though unemployment rose to 9.9 percent.

The US Federal Reserve continued to keep interest rates at a record low of near zero percent to help fuel a recovery in the world's largest economy.

The global used oil business is anticipated to be driven by socioeconomic factors such as the increase in GDP in the European Community, the steady recovery of the local economy, and the rise in energy demand as a result of increasing population levels worldwide. Since cutting-edge technology is less popular in emerging nations, there are many opportunities for the sector to grow.

According to the new market research report "Industrial Air Compressor Market by Product Type (Positive Displacement, Dynamic), Output Power (Up to 50 kW, 51-250 kW, 251-500 kW, & Above 500 kW), Seal (Oil-flooded & Oil-free), End-user, Design, Pressure, Coolant and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Industrial Air Compressor Market is projected to reach USD 42.9 billion by 2026. The Industrial Air Compressor Market size will grow to USD 42.9 billion by 2026 from USD 32.7 billion in 2021, at a CAGR of 5.6% during the forecast period. Rapid industrialization and increasing automation in emerging economies, inflow of investments and rising demand for oil-free compressors in food & beverages industry and the surging demand from HVAC industry are the driving factors for the Industrial Air Compressor Market, globally. Several emerging economies, such as Asia Pacific and Africa, have boosted their industrial and economic developments. In addition, government initiatives to promote industrial automation and emphasis on industrial automation for optimum utilization of resources are also driving the demand for industrial air compressors as they can be used for powering pneumatic tools, packaging, automation equipment, and conveyors. Environment-friendly modern compressors need less fuel, make less noise, and have a heat recovery feature, which helps recover up to 94% of the heat generated by the compressors which is in line with the Paris Agreement leading to growth opportunities for the Industrial Air Compressor Market during the forecast period.