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/ 24 October 2006

Angolan aircraft forced to land in Lisbon

A plane from Angolan state airline TAAG made an emergency landing on Monday in Lisbon just 15 minutes after taking off from the Portuguese capital due to technical problems, officials said. The Boeing 747, which was bound for the Angolan capital Luanda, landed safely at Portela airport, Portugal’s busiest, just before 7am (6am GMT).

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/ 24 October 2006

Weak rand puts pressures on SA tyre industry

A weaker rand in recent months and price increases in raw material has put pressure on the South African tyre industry, Continental Tyre’s senior official said on Tuesday. Natural rubber increased by 86% from June 2005 to the present and this has translated into a 15-16% increase in the price of producing a tyre.

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/ 24 October 2006

Enron’s Skilling gets 24 years behind bars

Former Enron chief executive Jeff Skilling was sentenced on Monday to more than 24 years in prison for leading a financial fraud that destroyed the company and came to symbolise a dark era for corporate America. US District Judge Sim Lake said Skilling’s crimes ”have imposed on hundreds if not thousands of people a lifetime of poverty”.

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/ 24 October 2006

UN draft empowers Côte d’Ivoire’s premier

A United Nations draft resolution, circulated on Monday, would give the prime minister of the Côte d’Ivoire full military and civilian authority to run the country for another year pending new elections. The UN Security Council document, drawn up by France, says that Prime Minister Charles Konan Banny would be empowered to ”take all necessary decisions”.

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/ 24 October 2006

Anglo American names new CEO

Former petroleum geologist Cynthia Carroll has been appointed new chief executive officer of mining giant Anglo American, the company announced on Tuesday. It said Carroll, currently CEO of Alcan Primary Metal Group, would join the Anglo American board in mid-January next year.

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/ 24 October 2006

ICC asked to intervene in compensation case

England has conveyed to Pakistan it wants the International Cricket Council to intervene in a compensation dispute arising from the forfeited Oval Test after the two countries failed to reach an agreement. ”The England and Wales Cricket Board in their latest letter, have informed us they are going to the ICC,” said Pakistan Cricket Board director of operations Saleem Altaf.

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/ 24 October 2006

Rooney: Sending off to blame for dip in form

Manchester United’s Wayne Rooney has brushed off suggestions his recent dip in form is down to post-World Cup trauma, and believes a red card he received in Amsterdam is more to blame. Rooney’s relative lack of spark, and goals, this term has led many observers to comment that he may have been rushed back too quickly from injury to play in the World Cup.

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/ 24 October 2006

Wolfowitz criticises China over Africa lending

World Bank President Paul Wolfowitz was quoted on Tuesday as saying China and its banks were ignoring human rights and environmental standards when lending to developing countries in Africa. Large Chinese banks ignored the ”Equator Principles”, a voluntary code of conduct under which projects financed by private banks meet social and environmental standards