No image available
/ 7 February 2008

China enters a year that defines its future

The Spring Festival is traditionally the time for China to put up its feet and relax. That has rarely been more necessary. With food prices rising, Olympic expectations growing and much of the country snarled up in snow and ice, China enters the Year of the Rat under more pressure than at any time in more than a decade.

No image available
/ 7 February 2008

Tornadoes shatter southern US states

The death toll from a series of tornadoes that swept the southern United States was rising on Wednesday night while rescuers continued to sift the rubble of flattened buildings. At least 54 people were killed and hundreds more injured, many critically, as the deadliest twisters for more than 20 years struck before dawn.

No image available
/ 7 February 2008

BHP Billiton bid for Rio Tinto fails again

BHP Billiton, the world’s biggest mining company, sweetened its takeover bid for rival Rio Tinto on Wednesday to ,4-billion, but its proposal was again rebuffed. Amid reports that Rio Tinto could become the centre of a bidding battle, the company’s management rejected the BHP offer as ”not being in the best interests of shareholders”.

No image available
/ 7 February 2008

De Beers spends $100m a year on exploration

Diamond giant De Beers spends $100-million a year on exploration activities in the regions where the company expects to have the most impact, and has invested more than this in the past few years to establish a greater presence and activity rate in Angola and the Democratic Republic of Congo, its group MD said on Wednesday.