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/ 8 December 2004

Mboweni: Oil price could remain high

The price of oil could hover around per barrel with a significant effect on the global economic outlook, the SA Reserve Bank said on Tuesday. Speaking at the annual dinner in honour of ambassadors and high commissioners to South Africa in Pretoria, Governor Tito Mboweni said: ”The behaviour of the oil prices has changed the global economic outlook in a real way.”

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/ 8 December 2004

Iraq faces descent into chaos, says CIA chief

The Bush administration’s robust assertions that the situation in Iraq would improve with next month’s elections were badly shaken on Tuesday with the leak of a gloomy end-of-tour cable from the departing CIA station chief in Baghdad. It arrived on a day when United States forces recorded the death of the 1 000th soldier to be killed in combat since the beginning of the war.

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/ 8 December 2004

Wine scandal may take ‘years to mend’

The wine industry in the Western Cape has been stunned by the illegal-flavourant scandal at KWV, the province’s agriculture minister, Cobus Dowry, said on Tuesday. "A scandal such as this has the potential to fundamentally damage this industry and if not addressed properly, take years to mend."
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=176153">Silver lining to SA’s wine scandal
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<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=176088">KWV names, shames winemakers</a>

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/ 8 December 2004

The heat is turned on Third World air polluters

Some of the most important issues to be addressed in the climate change talks that opened in Buenos Aires is how Brazil, China and India can be persuaded to tackle global warming. Also high on the agenda, is getting the delegates to agree on a comprehensive ”road map” for what happens after the Kyoto Protocol commitment period ends.

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/ 8 December 2004

Monogamy: The ideal lives on

The key to a lifelong marriage? Avoid boredom, agree over sex, and weather the infidelity years, because there’s a higher chance for lifelong marriage than we might suppose. The testimonies of those who have got there suggest that given the will there’s almost no crisis that cannot be survived together.

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/ 8 December 2004

Bittersweet night for Abramovich

Russian oil billionaire Roman Abramovich suffered two rare defeats on the football pitch on Tuesday as reigning champions FC Porto downed his Chelsea side 2-1 to ensure they avoided the ignominy of becoming the first titleholders to exit in the first round. Benni McCarthy’s late goal for Porto also denied the Russian a second interest in the knockout phase.

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/ 8 December 2004

Italians strike over fiscal restrictions

Millions of Italians stopped work last Tuesday in protest at the economic policies of their government. The half-day stoppage crippled public transport and shut factories and banks. Alitalia cancelled more than 100 flights. Government departments were shut and medical staff staged an eight-hour strike.