Freer trade could bring benefits worth up to -billion a year to the world economy, according to a study on Thursday that dismisses growing unease about globalisation. The report, by two economists in Australia and Britain, also suggested greater immigration to rich nations from developing countries would raise economic growth.
Greek and Turkish Cypriot leaders may soon erase the most potent symbol of the island’s division, by reopening a bullet-pocked crossing between the two sides closed for nearly half a century. Hopes of ending decades of estrangement were revived after last month’s election of Cyprus President Demetris Christofias.
When rumours of a ”gay wedding” spread through the town of Ksar el Kebir, the only evidence produced was a video on YouTube of a man dancing in women’s clothes. Four people are now in prison accused of homosexual acts, Islamists are decrying a decline in morals and liberals are warning that the kingdom risks sleep-walking into extremism.
Trade conditions appear to be out of negative territory after the Trade Activity Index (TAI) increased for the third month in a row, the South African Chamber of Commerce and Industry said on Thursday. The TAI, which measures the view of business on current trade activity, increased from 44 in December last year to 48 in January and 50 in February
United Nations peacekeeping troops are heading for ”Iraq-style disaster” in Darfur as long as talks between the government and rebel groups remain stalled and the United States maintains its hostile stance, Sudanese officials and regional experts warned on Wednesday.
Durban’s disaster-management team and city officials are busy calculating the cost of damage caused during a heavy downpour on Tuesday night that continued into the early hours of Wednesday. Two oil refineries, hospitals, courts, homes, shacks, railway lines, buildings and roads were affected by the overnight storm.
Islamist insurgents cut off the heads of three Somali soldiers south of the capital on Thursday and the United Nations special envoy said he would try to set up peace talks between the opposition and government. It was the first case of beheadings since the government and its Ethiopian military allies ousted the Islamists from power in late 2006.
Authorities are considering charges in the bizarre case of a woman who sat on her boyfriend’s toilet for two years — so long that her body was stuck to the seat by the time the man finally called police. It appeared the 35-year-old Ness City woman’s skin had grown around the seat, said Ness County Sheriff Bryan Whipple.
A suicide car bomber killed eight Afghan civilians in an attack on United States troops near the airport in Afghanistan’s capital on Thursday, a Nato spokesperson said. Thirty-five civilians were wounded in the attack, but the four US soldiers inside the two vehicles targeted suffered only minor cuts and bruises.
World markets continued to weigh on the JSE on Thursday — pushing the bourse down 0,93% by midday. At noon, the JSE’s bank index fell 1,87%, financials gave up 1,61% and industrials were 1,4% lower. The platinum mining index declined 1,41%, resources shed 0,38% but the gold mining index advanced 1,69%.