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/ 10 January 2006

BA takes on no-frill airlines with new budget rates

British Airways (BA) challenged no-frill airlines on Tuesday by announcing a restructuring of its loss-making regional services and a sharp reduction in its budget airfares. Offering one-way fares costing as little as £25, BA’s regional operation CitiExpress will be renamed BA Connect, with prices slashed by more than 40%, the company said.

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/ 10 January 2006

Iran resumes nuclear research work

Iran on Tuesday reopened nuclear research centres to resume sensitive work after a two-year suspension despite warnings from the West of possible United Nations sanctions. In Vienna, the International Atomic Energy Agency confirmed that Iran removed seals at its Natanz atomic research facility.

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/ 10 January 2006

Alleged serial killer extradited to France

A self-confessed French serial killer believed to have murdered at least seven young women over a 15-year period was extradited on Monday from Belgium to France to face trial. Journalists saw 63-year-old carpenter Michel Fourniret handed over to French authorities after arriving at the French-Belgian border in one of two grey unmarked Belgian police cars.

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/ 10 January 2006

JSE eases as players take profits

The JSE was weaker just before noon on Tuesday, dragged down by profit-taking following the bourse’s rally to a number of record highs in recent days. Weakness on European and Asian markets and continued rand strength contributed to the negativity. By 11.52am, the all-share index had shed 0,49%.

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/ 10 January 2006

Svend, Knud, Valdemar or Christian

Bets are on for what name the newborn son of Denmark’s Crown Prince Frederik will be given at his christening on January 21, reports said on Tuesday. Neither the royal couple nor the palace have disclosed the name of their son, but in line with tradition it is believed the newborn prince will be named Christian.

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/ 10 January 2006

China’s race for energy resources only just heating up

China’s $2.3-billion Nigerian oil venture is a major step forward for the energy ravenous country as it seeks to power its fast-growing economy but analysts said on Tuesday the race was just heating up. China National Overseas Oil Corp’s purchase of a 45% stake in the Akpo field is the biggest overseas investment by Beijing since China National Petroleum Corp’s took over PetroKazakhstan for $4,18-billion in October.