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/ 11 November 2006

Tycoon buys stake in Anglo American

One of China’s wealthiest tycoons has bought an -million stake in Anglo American, a landmark deal in China’s pursuit of African resources, the Financial Times said on Saturday. Citic Pacific chairperson Larry Yung, China’s third richest man, also known as Rong Zhijian, bought 17-million shares from the Oppenheimer dynasty.

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/ 11 November 2006

Shaik to sell assets to pay legal expenses

The brother of Shaik on Friday confirmed that they would be selling the Nkobi Group’s assets to pay for legal expenses. Mo Shaik said the assets would include about R38-million that was seized by the Assets Forfeiture Unit. Schabir Shaik began his 15-year jail sentence on Thursday after being found guilty on fraud and corruption charges.

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/ 11 November 2006

Gaza defiance grows

It was not long after dawn and only a handful of fishing boats from Gaza city harbour were still out at sea. Some had come in earlier to offload the night’s sardine catch, most hadn’t bothered going out at all. Nearly all the small fleet’s wooden boats, their paint fading, lay anchored up in the harbour, as they have for most of this year.

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/ 11 November 2006

Kabila maintains lead in DRC presidential vote

Incumbent President Joseph Kabila of the Democratic Republic of Congo leads his challenger Vice-President Jean-Pierre Bemba by a three to two margin in the run-off presidential election, according to the latest partial results published on Friday. With 65% of the vote counted Kabila has 60,67% of the vote and Bemba 39,33%.

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/ 11 November 2006

Oscar-winning Jack Palance dead at 87

Jack Palance, one of Hollywood’s best-known screen villains who personified evil as a cold-blooded gunslinger in the classic western Shane, died on Friday at the age of 87. Palance, who won an Oscar for the comedy City Slickers and famously brought down the house by performing one-armed push-ups on the stage, died of natural causes, spokesperson Dick Guttman said.

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/ 11 November 2006

Ahmadinejad’s new mission: Taming Tehran’s traffic

Running into traffic in a built-up neighbourhood in affluent north Tehran, Sina Mahdavi quickly loses patience. He accelerates, veers perilously close to the kerb to overtake a Peugeot 206, then zig-zags inside to whizz past another car in a hair-raising flash. The speedometer reads 80kph and seconds later we are bumper to bumper with another vehicle in front.

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/ 11 November 2006

UK presses for climate change fund for Africa

A multimillion-dollar plan to help sub-Saharan African and other poor countries adapt to climate change is being formulated by British diplomats on the eve of a key international meeting. More than 100 countries are gathering this weekend in Nairobi, Kenya, for the conference on global warming with the aim of providing an extended life to the Kyoto agreement.

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/ 11 November 2006

Rock, paper, scissors champs gather in Toronto

Can global conflicts be settled by rock, paper, scissors? Maybe not. But organisers of a RPS tournament in Toronto this weekend want the centuries-old children’s game applied more often to settle lesser fights. "It’s the simplest, fairest way to make a decision or resolve a conflict," said tournament director Graham Walker.

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/ 10 November 2006

Yengeni could be free in no time at all

Jailed African National Congress fraud convict Tony Yengeni could be out in time to make a guest appearance at next year’s opening of Parliament. A source in the Department of Correctional Services said on Friday that the Malmesbury prison parole board has set January 15 as the date for Yengeni’s release.