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/ 6 December 2004

Nigerian militants seize Shell stations

Militant youths have seized control of two oil-pumping stations operated by the Anglo-Dutch energy giant Shell in southern Nigeria, trapping 75 workers in their quarters, the firm said on Monday. ”About 200 youths occupied two flow stations, Ekulama I and Ekulama II, some time yesterday [Sunday],” a Shell spokesperson said.

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/ 6 December 2004

Johncom seeks empowerment stakeholder

Media and entertainment group Johnnic Communications (Johncom) disclosed on Monday that it hopes to be in a position soon to announce a new black empowerment stakeholder following the announcement by its controlling shareholder, Johnnic Holdings, that it plans to unbundle its 62,5% stake in Johncom.

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/ 6 December 2004

Oxfam calls for action on global poverty

Rich nations need to do much more to overcome global poverty, Oxfam said on Monday in a report aimed at influencing Britain’s turn at the helm of the Group of Eight leading industrialised nations. In a report, Paying the Price, the development charity said foreign aid budgets now are half what they were in 1960, while poor countries face debt repayments of -million.

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/ 6 December 2004

Hong Kong awash in rising sea of spam

Half of all e-mails received in Hong Kong are spam and nearly all of it comes from outside the territory, according to a government survey released on Monday. Only five per cent of the unsolicited e-mails come from Hong Kong, while 40% come from Asia and the remainder come mostly from the United States, the study found.

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/ 6 December 2004

Gibraltar talks break new ground

The 300-year row between Spain and Britain over Gibraltar enters a new and different phase this week as talks begin with, for the first time, the Gibraltarians also sitting at the negotiating table. Although the meeting is billed as talks about talks, the presence of Gibraltar’s chief minister, Peter Caruana, marks a radical change in the process of deciding what is to be done with the Rock.

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/ 6 December 2004

Metcash bids for Australia’s Foodland

South African-based Metcash Trading announced on Monday it intended to make an Aus-million dollars (-million) off-market takeover offer for the Australian operations of Foodland Associated. Metcash said that they would acquire only the Australian business of the Perth-based wholesaling and retailing group and Foodland shareholders would retain ownership of Foodland New Zealand.

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/ 6 December 2004

SA group pre-qualified in Indian airports deal

The South African consortium formed by the Airports Company South Africa, Old Mutual plc, the BidVest Group and Indian partner GVK Industries Limited has received official notification from the government of India that it has been pre-qualified in the bid to participate in the privatisation of India’s Mumbai and Delhi airports.