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/ 7 July 2005

Gloria Arroyo fighting for her political life

Philippine President Gloria Arroyo, facing a political crisis over allegations of vote fraud, said on Thursday she has asked her Cabinet members to step down but will not herself resign. ”I will not resign,” Arroyo said in a nationwide address, 10 days after she apologised to the nation for improperly calling an election official during the May 2004 presidential vote.

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/ 7 July 2005

Jubilee’s Barclays application dismissed

Barclays is looking forward to creating Africa’s ”pre-eminent bank” after the sanctioning of on Thursday of its R33-billion takeover bid for Absa. Judge Mohamed Jajbhay gave the go-ahead for deal on Thursday morning. He first dismissed an application by the human rights group Jubilee SA to postpone the sanctioning of the deal.

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/ 7 July 2005

Israel ‘not warned’ about London attacks

Israel was not warned about possible terror attacks in London before at least six blasts ripped through the city, Minister of Foreign Affairs Silvan Shalom said on Thursday. A foreign ministry official had said earlier that British police warned the Israeli embassy in London of possible terror attacks minutes before the first explosion.

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/ 7 July 2005

Bus, railway blasts rock London

London’s entire underground railway network was closed down on Thursday after a series of explosions that caused a ”large number of casualties” and at least 33 deaths, police said. An explosion ripped through a double-decker bus just minutes after blasts rocked the underground. British Home Secretary Charles Clarke said there had been ”terrible injuries” in the attacks.

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/ 7 July 2005

World reels after London blasts

Explosions rocked the London subway and a double-decker bus on Thursday, causing at least two deaths, injuring scores of riders and sending victims fleeing from blast sites. British Prime Minister Tony Blair called the explosions a "series of terrorist attacks". A group calling itself "The Secret Organisation of al-Qaeda in Europe" has claimed responsibility for the blasts in a web statement, reports said.

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/ 7 July 2005

i capital concludes broad-based BEE deal

i capital, a leading independent investment and advisory company, announced on Thursday it had concluded a broad-based empowerment (BEE) transaction with Sceptre Holdings and the Disability Empowerment Concerns Trust. The transaction results in these two BEE shareholders acquiring a 25,01% shareholding in i capital.