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/ 5 July 2007

Business confidence index sinks lower

The South African Chamber of Business’s (Sacob) business confidence index (BCI) has declined further to 99,1 in June from 100,2 in May and 101,9 in April, Sacob data on Thursday showed. The index had edged up to 101,9 in April after declining to 99,5 in March, and this came after it had dipped to 101,5 in January.

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/ 5 July 2007

Human shield fear grows over besieged mosque

Small groups of radical students trickled out from Islamabad’s besieged Red Mosque on Thursday, despite warning blasts overnight, raising fears hardcore militants were keeping some children as human shields. The captured leader of the mosque’s Taliban-style student movement said there were 850 students inside.

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/ 5 July 2007

India steel glut to trim SA coal demand

Indian demand for South African coal is set to drop, threatening sharply lower prices, as iron makers there cut back, hit by falling prices in the steel market they supply and rising costs for imported coal. India’s sponge iron makers, who use coal as part of a process to make iron from ore, have relied increasingly on imported South African coal in recent years.

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/ 5 July 2007

Henin marches into semifinal past Serena

Justine Henin won the latest battle in the most fierce rivalry in women’s tennis with a 6-4 3-6 6-3 quarterfinal victory over seventh seed Serena Williams at Wimbledon on Wednesday. The Belgian world number one is chasing the one grand slam title she needs to complete her collection and looked in ominous form.

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/ 5 July 2007

Putin wins 2014 Games for Sochi

An innovative concept and the backing of Russian President Vladimir Putin were key factors in the surprise decision to award the 2014 Winter Games to Russia’s Sochi. Sochi, on the shores of the Black Sea with a palm tree-lined coast, built a bid around the city’s mild climate and the nearby Krasnaya Polyana snow-capped mountain range.

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/ 5 July 2007

Africa must capitalise on coffee demand surge

Surging demand for African coffee is a unique opportunity for producers, but they must not let quality slip or assume processing is the best way to capitalise on it, a coffee official said on Thursday. East African Fine Coffees Association director Philip Gitao told Reuters Africa’s market has come of age.