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/ 31 May 2006

Hewitt makes a successful return to Paris

America’s Andy Roddick and Nadia Petrova of Russia became the first major casualties of the 2006 French Open on Tuesday. Roddick, the fifth seed, retired from his first-round match with Spanish journeyman Alberto Martin trailing 6-4, 7-5, 1-0, still feeling the effects of the ankle injury he picked up at the World Team Cup in Germany last week.

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/ 31 May 2006

JSE picks up Europe rebounds

After its slide at the opening on the back of weaker United States markets, the JSE was well off its worst levels in noon trade on Wednesday, following a turnaround on European markets. Overall, sentiment remained on the negative side, however. By 11.57am, the all-share and all-share industrial indices were 0,69% and 0,71% lower respectively.

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/ 31 May 2006

Global economy experiencing strong growth

The global economy has entered a strong growth trajectory, and sustainable economic recoveries in regions such as the Euro zone and Japan are adding impetus to the process, says Chris Hart, Absa Group treasury economist. However, serious global economic imbalances are a blight on the otherwise positive outlook in the global economy.

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/ 31 May 2006

Inflation-hit Zimbabwe unveils Z$100 000 banknote

Zimbabwe’s central bank will issue a new Z$100 000 banknote after inflation topped 1 000% last month, one of the world’s highest rates, a state daily reported on Wednesday. The new banknote, worth US98c, will go into circulation on Thursday and will hold tender until December, the <i>Herald</i> newspaper said. Zimbabwe started introducing bearer cheques with a temporary validity three years ago.

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/ 31 May 2006

Indonesia defends quake aid effort

Indonesia on Wednesday defended the earthquake relief effort as aid agencies said survivors are still in desperate need of medical care and water four days after the disaster. The scale of the disaster became clearer as the death toll rose to 5 846, the social affairs ministry said on Wednesday.

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/ 31 May 2006

Whale sharks put Philippine town on the tourist map

Cocooned in rural seclusion, Donsol, a placid little town, long kept a big but unintended secret: In the first half of the year, the sea swarms with the world’s largest fish. Whale sharks — some as big as a bus — have put on an annual show for local folks for generations, roaming close to shore and seemingly unafraid of humans, who left the fish alone.