Staff Reporter
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/ 9 May 2008

China carries Olympic flame to Everest peak

China’s ambitious plan to bear an Olympic flame to the top of the world’s highest mountain paid off yesterday as the torch reached the summit of Everest. The feat — three months to the day before the opening ceremony in Beijing — has been cast as the highlight of the relay, dogged by protests as it travelled around the world.

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/ 9 May 2008

Gold Fields profit jumps on gold price

Gold Fields, the world’s number four gold producer, posted a 67% rise in quarterly headline earnings on the back of soaring prices for the metal, but production fell on South Africa’s power crunch. Gold Fields said on Friday its adjusted headline earnings per share for the third quarter to the end of March rose to 155 cents from 93 cents in the second quarter.

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/ 9 May 2008

Lebanon teeters on brink of civil war

Hezbollah-led opposition fighters seized control of pro-government strongholds in Beirut on Friday as gun battles rocked the Lebanese capital for a third day, edging the nation dangerously close to all-out civil war. Gunfire and the thump of exploding rocket-propelled grenades echoed across west Beirut.

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/ 9 May 2008

Oil price hits another record near $125

World oil prices hit a fresh record high point close to $125 per barrel on Friday, extending this week’s record run after the Organisation of the Petroleum Exporting Countries insisted the market was well-supplied and driven by speculators. New York’s main oil futures contract, light sweet crude for June delivery, spiked to an historic $124,73 per barrel.

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/ 9 May 2008

You want fries with that? YES!

The Swiss government has agreed to ease restrictions on the importation of potatoes following fears that Euro 2008 soccer fans could face a shortage of French fries next month. A spokesperson for the country’s department of agriculture told national radio on Wednesday that the government would allow an additional 5 000 tonnes of potatoes to be brought in.

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/ 9 May 2008

Baskin-Robbins ice cream co-founder dead at 90:

Irvine Robbins, who delighted ice cream afficionados by conjuring up ever more inventive flavours as co-founder of the Baskin-Robbins empire, has died aged 90. Robbins, who started the Baskin-Robbins ice-cream chain with late brother-in-law Burt Baskin in 1945, died on May 5 at the Eisenhower Medical Centre in Rancho Mirage, California.

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/ 9 May 2008

Obama hints that Clinton could be running mate

Barack Obama on Thursday gave the clearest hint yet that he may consider Hillary Clinton as his vice-presidential running mate in the November election for the White House. With the campaign for the Democratic presidential nomination close to finished as a contest, Obama began looking beyond his battles with Clinton to the one with the Republican John McCain.