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/ 27 July 2006

Barca board resigns following judicial ruling

Barcelona’s board of directors resigned on Wednesday following a judicial ruling that paves the way for new elections at the Catalan giants later this year, the club announced. The resignation had been expected after a Spanish judge last week ordered the European champions to hold fresh polls for the board after club members complained regulations had been broken.

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/ 27 July 2006

Connolly condemns ‘throat-slitting’ haka

Wallaby coach John Connolly on Thursday condemned New Zealand’s controversial ”throat-slitting” haka as damaging for rugby. Criticism of their pre-match ritual, which in the Kapa O Pango haka climaxes with an apparent throat-slitting gesture, put the All Blacks on the defensive ahead of Saturday’s Bledisloe Cup match against Australia.

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/ 27 July 2006

Schumi upbeat ahead of home grand prix

Michael Schumacher is confident of continuing his superb recent form in front of his home crowd at the German Grand Prix at Hockenheim, Germany, this weekend. The seven-time world champion (37) has cut Spaniard Fernando Alonso’s championship lead from 25 to 17 points after winning the last two races in dominant fashion.

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/ 27 July 2006

Car bomb, mortar attack kill 31 in Baghdad

Insurgents detonated a car bomb and fired mortar rounds into a busy commercial district in the centre of Baghdad on Thursday, killing at least 31 civilians, a defence official said. At least 115 were wounded, he added. Television pictures showed a major fire and rescuers struggling to pull the dead and injured from the rubble in Karrada.

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/ 27 July 2006

June PPI ‘a shock to the system’

South Africa’s producer price index (PPI) rose by 7,5% year-on-year (y/y) in June from a 5,9% y/y increase in May, Statistics South Africa said on Thursday. The PPI rose 3% on a monthly basis after May’s monthly rise of 0,9%. The PPI was expected to have risen to 6,3% y/y, a survey of economists by I-Net Bridge found, with forecasts ranging from 5,1% y/y to 6,5% y/y.

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/ 27 July 2006

EADS issues profits warning

European aircraft manufacturer EADS issued a profits warning on Thursday following a crisis over Airbus production problems, but said that net profit in the first half had risen by 5%. The group also said that the results of a study into the overall implications of problems in A380 production might reveal further extra costs.