A post template

No image available
/ 31 December 2006

Oil prices may cool in 2007 after record year

Crude oil prices could head lower in 2007 from current levels of about per barrel, as global production catches up with demand and geopolitical risks lessen, experts say. Despite hitting record highs in July, oil futures in New York ended the year about 1,5% lower than at the beginning of 2006, with futures in London up just 2%.

No image available
/ 31 December 2006

Somali forces march on Islamist stronghold

Somali government forces marched on the last stronghold of the country’s powerful Islamist movement on Saturday, even as Prime Minister Ali Mohamed Gedi called for dialogue with Islamist leaders. Residents said fighter jets, believed to be Ethiopian, were flying over Kismayo, about 500km south of the capital, prompting fears of attacks on the city.

No image available
/ 31 December 2006

Relatives arrested over editor’s son’s murder

Two relatives are among the six suspects arrested in connection with the murder of Avhatakali Netshisaulu, son of City Press editor Mathatha Tsedu, reported the newspaper at the weekend. City Press said a suspect arrested on Friday was a relative and was allegedly the ”mastermind, financier and recruiter of Netshisaulu’s killers”.

No image available
/ 31 December 2006

Broken promise ends year on sour note for YouTube

YouTube was poised on Saturday to ring in 2007 on a sour note by missing a deadline to deploy a system to prevent piracy of copyrighted music on the video-sharing website. Creating and installing an "advanced content identification and royalty reporting system" was at the heart of a precedent-setting agreement between YouTube and Warner Music Group in September.

No image available
/ 31 December 2006

Four hostages in Nigeria cut off from outside world

Four foreign oil workers held hostage by armed separatists in Nigeria’s Niger delta region will be allowed no further contact with the outside world, the group holding them said on Saturday. "All four hostages have been relocated and will not be permitted to communicate with the outside world until their eventual release," the Movement for the Emanicipation of the Niger Delta said.

No image available
/ 31 December 2006

Woman swallows spoon in laughing fit

A young Australian woman got more than she bargained for during a dinner conversation when she laughed so hard she accidentally swallowed a spoon. The 26-year-old ingested a teaspoon when she was overcome by the giggles while eating spaghetti, the <i>Sunday Telegraph</i> newspaper said.