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/ 25 January 2006

Backlash as Google shores up great firewall of China

Google, the world’s biggest search engine, will team up with the world’s biggest censor, China, on Wednesday with a service that it hopes will make it more attractive to the country’s 110-million online users. Google will effectively become another brick in the great firewall of China when it starts filtering out information that it believes the government will not approve of.

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/ 25 January 2006

Reebok, Adidas to hit the ground running

The European Commission approved on Tuesday the €3,1-billion takeover of United State giant Reebok by its German rival Adidas to create the second biggest sports goods firm in the world. Adidas-Saloman immediately hailed the decision, which gives a green light for the transaction nearly six months after it was first announced last August.

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/ 25 January 2006

Russian MPs briefed on British spy ring allegations

The Russian Parliament is to discuss spying allegations against four British diplomats who had allegedly channelled funds to NGOs in Russia. The Federal Security Service on Tuesday briefed the Duma over suggestions that the diplomats were undercover agents who had hidden a transmitter in a rock in a Moscow suburb to liaise via palmtop computer with agents in Russia.

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/ 25 January 2006

Canada returns to right after 12 years

Canada’s Conservative leader, Stephen Harper, celebrated election victory on Tuesday promising lower taxes and better relations with Washington, but he fell far short of a parliamentary majority, limiting his ability to make radical changes. The Prime Minister, Paul Martin, handed his resignation to Canada’s governor general and announced he would step down as head of the Liberal party.

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/ 25 January 2006

Buddhist monks to produce video route to nirvana

If the Thai masses won’t come to Buddha then Buddha will come to the Thai masses by video, an alliance of monks, Buddhism experts and a devout businessman announced on Tuesday. The group is seeking to arrest the declining popularity of Buddhism and materialism’s seemingly unstoppable rise by using 21st-century technology to reach the masses in a way they can relate to.

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/ 25 January 2006

Foreign firms fret over BEE

International companies operating in South Africa are gearing up for intense debate over codes governing the implementation of black economic empowerment (BEE). Multinational firms and foreign chambers of commerce informally surveyed last week identified a raft of problems, ranging from concerns around ownership requirements to costs and compliance issues.

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/ 25 January 2006

A window of opportunity opens in the US

For several years, the United States Agency for International Development has been under growing pressure to adopt a more long-term approach to its support of science and technology in developing countries. The agency now supports a wide spectrum of activities, but many feel that all these could benefit from a more coherent commitment.

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/ 25 January 2006

Timid investors miss JSE boom

Record-breaking gains on the JSE are passing unit trust investors by as they shun equities in favour of less risky asset classes, newly released figures show. South Africans are investing heavily in unit trusts — the industry netted R58-billion of inflows last year, a 40% increase on 2004. But investors have continued to choose low risk funds.

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/ 25 January 2006

Meet Mr Bulletproof Armani

Miguel Caballero likes to shoot people whenever he has an audience and a volunteer. ”Take a deep breath and let the air out after the shot,” he said to one recent target. ”You may get a bit of a bruise.” The range was point-blank, the bang loud and the smell of burned powder strong, but the human bullseye didn’t flinch. The bullet was embedded in an internal protective panel of his brand-new suede jacket.