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/ 13 December 2007

Islamic countries to launch car in 2011

A car to be made by Iran, Malaysia and Turkey will be launched in 2011, the head of the Middle East’s biggest carmaker, Iran Khodro, said on Wednesday. Proton chief executive, Syed Zainal Abidin Syed Mohamed Tahir, said in November the countries would develop the car with Islamic features such as a compass to determine the direction of Mecca.

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/ 13 December 2007

JSE lingers in the red

The JSE continued to linger in the red at midday on Thursday, burdened by the sell-off on global markets. By noon, the JSE all-share index had lost 1,43% to 29 872,5 points. The platinum and gold mining indices retreated 2,52% and 1,03% respectively, while resources gave up 1,9%.

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/ 13 December 2007

Rangers miss out on British sweep

Glasgow Rangers’ Champions League campaign came to a heartbreaking end on Wednesday when a 3-0 defeat by Lyon meant they failed to complete a British sweep of clubs into the last 16. Rangers were attempting to join city rivals Celtic as well as Manchester United, Arsenal, Liverpool and Chelsea in the knockout stages.