French businessmen in Turkey are bracing for a vote in their country’s National Assembly this Thursday that could prove disastrous for trade. France’s Socialists have stirred up a very sore point in relations with Turkey over an issue that dates back to World War I, when hundreds of thousands of Armenians perished.
Global auditing firm Ernst and Young has withdrawn a report saying China’s non-performing loans totalled over -billion, apologising for what it called an ”erroneous” publication. ”We apologise that this erroneous report was issued. We sincerely regret any misleading views that the report conveyed,” the firm said.
Fifa will push for its members to adopt the world anti-doping code in time for the World Cup next month, the head of the World Anti-Doping Agency (Wada) said on Sunday. If the code is adopted before the start of the tournament on June 9 in Germany, the world’s soccer stars would be subject to two-year suspensions for serious doping violations instead of the lighter bans under Fifa rules.
Corridors that once echoed to the sound of White House staffers walking and talking very fast fell silent on Sunday night as the final episode of The West Wing was broadcast in the United States, bringing seven years of political escapism to a close.
It seems it is not just England supporters who have yet to make up their minds about Sven-Goran Eriksson’s five and a half years in charge of the national team. The owners of Europe’s top clubs appear to share an uncertainty about how to assess exactly how good a job the Swede has done in handling a talented generation of English footballers.
Australian winger Wendell Sailor’s lucrative rugby union career will be finished if positive drug tests are confirmed, and he would also be barred from a return to rugby league. Sailor’s positive drug test could cost him more than Aus-million, media reports said on Monday.
Faced with fewer buyers and soaring oil prices, General Motors has decided after a 14-year run to drive its gargantuan Hummer "Alpha" 4X4 into the sunset and shutter its production. GM announced on Friday that production of the giant 4X4 known as the "H1", based on a vehicle designed for the United States army, will cease in June.
First quarter figures on unit trust sales and net inflows suggest growing maturity among South African investors and indicate that a key lesson has been learned — selling high is a lot better than selling when the market hits the bottom. The quarterly perspective comes from Kim Zietsman, head of single manager unit trusts at Stanlib, South Africa’s largest unit trust company.
The European Union is preparing a bold offer for Iran, including economic, nuclear, and perhaps security guarantees, to try to curb its atomic ambitions, EU foreign policy chief Javier Solana said on Monday. "It will be a generous package, a bold package, that will contain issues relating to nuclear, economic matters, and maybe, if necessary, security matters," Solana said.
The National Youth Commission on Sunday said an institution should be established to address shortcomings in the implementation of youth development programmes in South Africa. The commission’s Monde Mkalipi said a Youth Development Agency would be responsible for policy and interventions, funding and implementation as well as monitoring.