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/ 24 March 2008

Flag pride ‘is killing airlines’

Governments shielding their national-flag airlines are "killing" the aviation industry, the head of the International Air Transport Association (Iata) has warned. Giovanni Bisignani, chief executive of Iata, warned that protectionist attitudes towards flag carriers were exacerbating the current downturn in the industry.

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/ 24 March 2008

US told to go green or lose EU flights

United States airlines must pay for their pollution or face a curb on flights to the European Union, the EU transport commissioner warned last week. Jacques Barrot issued the ultimatum in the month that limits on flights between the EU and US are lifted, the biggest shake-up in the transatlantic airline market for 30 years.

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/ 23 March 2008

Trescothick ends England cricket career

Somerset batsman Marcus Trescothick on Saturday announced his retirement from international cricket with England due to health problems. Trescothick has long suffered from a stress-related illness and pulled out of England’s 2006 tours to India and Australia, where the tourists were thrashed in the Ashes series.

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/ 22 March 2008

Central banks in mortgage crisis talks

Central banks on both sides of the Atlantic are in talks about the feasibility of mass purchases of mortgage-backed securities in a bid to solve the global credit crisis, the Financial Times said on Saturday. The newspaper, without citing sources, said the talks were at an early stage and part of a broader exchange on how to battle the turmoil in financial markets,

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/ 21 March 2008

Hamilton is no Tiger, says Mansell

Former champion Nigel Mansell has hailed Lewis Hamilton as the Formula One driver to beat while rejecting comparisons between the 23-year-old Briton and golfer Tiger Woods. ”Lewis is the man to beat,” said Mansell, who took his title after winning the 1992 season-opener in South Africa.

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/ 21 March 2008

Oil extends slide on economic worries

Oil prices extended a week-long slide on Thursday, briefly tumbling below a barrel for the first time in two weeks amid growing concerns an economic slowdown in top consumer the United States would cut global energy demand. US crude settled down 70 cents to ,84 a barrel after falling as low as ,65 earlier in the session

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/ 20 March 2008

Ronaldo sends United clear as Chelsea stumble

Cristiano Ronaldo scored a first-half double to send Manchester United clear at the top of the Premier League with a 2-0 win over struggling Bolton at Old Trafford on Wednesday. A strike from 12 yards and a long-range free-kick took Ronaldo’s goal tally for the season to 33 and left the champions three points clear of Arsenal.

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/ 19 March 2008

Knights Templar: The last charge

The accountancy firm that looks after children’s entertainers the Wiggles is not an obvious place to search for the Holy Grail, but that’s where the trail led on Tuesday night. It started with a simple quest — what on earth is a large advertisment headlined ”The Ancient & Noble Order of The Knights Templar” doing in the Daily Telegraph?

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/ 19 March 2008

Running your car on vegetable oil

In an effort to get around the big rise in oil prices, thousands of motorists have taken to running their cars on supermarket-bought vegetable oil and it’s all perfectly legal. Plenty of owners of cars with older diesel engines can run their car on vegetable oil — either mixed in with ordinary diesel or entirely on such oils.

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/ 18 March 2008

Owen goal saves point for Newcastle

Newcastle United drew a scrappy Premier League relegation clash 1-1 at Birmingham City on Monday leaving coach Kevin Keegan still without a win in eight league matches since returning to the club. James McFadden opened the scoring for the home side with a well taken goal after muscling Abdoulaye Faye out of his way.

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/ 17 March 2008

Beatle’s ex awarded £24,3m in divorce

A triumphant Heather Mills said on Monday she had secured the future for herself and her daughter with a court awarding her a £24,3-million (about R398,5-million) settlement in her divorce from former Beatle Paul McCartney. ”I’m so, so happy with this,” Mills said at an impromptu news conference.

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/ 17 March 2008

Wales to take strongest side to SA

Wales coach Warren Gatland will take his strongest available side to South Africa for two Tests against the world champions in June after guiding his team to the Six Nations grand slam in his first season in charge. In recent years, Six Nations sides have rested leading players when travelling to the Southern Hemisphere in the off-season.

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/ 17 March 2008

Bank woes, money squeeze batter stocks, dollar

Global stocks fell and the dollar tumbled on Monday as a fire sale of Bear Stearns and an emergency Federal Reserve cut of a key lending rate sparked fears that a worldwide credit crisis will claim more casualties. European shares sank more than 3%, following a sell-off in Asia where Japan’s leading indexes shed more than 3,5%.

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/ 17 March 2008

Everton lose at Fulham in traditional style

Everton lost ground in the race for a Champions League place on Sunday when they lost 1-0 to struggling Fulham at Craven Cottage, a ground where the Merseysiders have not mustered a point in 42 years. Fulham, second-last in the standings but now only three points from safety, won a scrappy game in the 67th minute.

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/ 16 March 2008

Britain to expel up to 1 000 Zimbabweans

Britain is preparing to expel hundreds of failed asylum-seekers back to Zimbabwe because the government believes they are at no ”general risk” in their home country. The mass programme of deportations could affect more than 1 000 Zimbabweans who have enjoyed protection under a moratorium on deportations.

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/ 13 March 2008

Global markets slump on US credit woes

Asian and European stock markets plunged on Thursday as investor sentiment was hammered by resurgent credit concerns, the plunging dollar and record high oil prices, dealers said. Global financial markets were also roiled after a troubled fund backed by United States private equity giant Carlyle said it expected its creditors to seize its remaining assets.

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/ 12 March 2008

Global markets rally on huge cash injection

Asian and European equities surged higher on Wednesday, mirroring an overnight rebound on Wall Street after major central banks announced a massive cash injection for stressed financial markets. However, dealers voiced scepticism over whether the concerted central bank action would head off the global credit crunch and bring stability to choppy world stock markets.

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/ 11 March 2008

Oil prices break fresh record high near $110

Oil prices struck a record high of $109,72 per barrel on Tuesday after the dollar hit a fresh all-time low against the euro and amid persistent energy-supply concerns, traders said. New York’s main oil contract, light sweet crude for delivery in April, soared to the historic level, beating the previous peak of $108,21, which was set on Monday.

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/ 10 March 2008

Oil hits record $107 a barrel

Oil hit a record high of a barrel on Monday, reversing earlier losses as investors sought oil as a hedge against a depressed dollar and inflation. A rush by financial funds into commodities and political tensions are the prime drivers of a rally that has lifted oil’s average to above for the year.

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/ 10 March 2008

Recession, credit woes rattle investors

Recession fears following the biggest United States job losses in five years mixed with strains in the credit market on Monday to depress stocks and the dollar and drive investors to search for safety. European shares got off to a poor start and Japan’s benchmark Nikkei index closed at a two-and-a-half year low.