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/ 30 November 2007

Wi-Fi reaches out to cameras, music

Suited executives, grungy teens and even some savvy grannies are already using Wi-Fi to link their laptops wirelessly to the internet. It may not be long before the short-range high-speed technology is just as popular for those looking to connect music players, phones, cameras, game consoles and more.

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/ 30 November 2007

Bain sees TV time growing faster than web

Time spent watching television will rise faster than leisure time spent on the web until 2012, while a major audience for internet video could take even longer to develop, consultancy Bain & Co said on Thursday. The data could be sobering to TV networks and web media companies, which are investing heavily in internet video sites.

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/ 25 November 2007

Obama, the comeback kid, learns to talk tough

Democratic presidential hopeful Senator Barack Obama once electrified the United States by preaching a ”politics of hope”. Unfortunately Obama then found himself outsmarted and outfought by his chief rival, Senator Hillary Clinton. Now Obama has, in effect, relaunched his campaign, coming out fighting against Clinton.

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/ 21 November 2007

$1-million for painting found in trash

A masterpiece by a Mexican artist that was found in the trash by a woman who knew little about modern art has been sold for more than -million. The painting Tres Personajes, by Rufino Tamayo, was discovered in 2003 by Elizabeth Gibson, who spotted it on her morning walk on Manhattan’s Upper West Side.

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/ 20 November 2007

Citigroup may have to write off $15bn

United States banking titan Citigroup may have to write off -billion in soured investments including mortgage losses in coming months, a report by Goldman Sachs predicted on Monday. Citigroup, the US’s second-largest bank by market worth, is already reeling from its exposure to the US housing downturn and tighter credit markets.

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/ 20 November 2007

Amazon launches own e-book reader

Amazon.com is hoping to invigorate a nascent market for electronic books by introducing its own e-book reader with free wireless connectivity. Monday’s long-anticipated announcement comes as e-books remain a sliver of overall book sales, partly because they lack the comfort and intimacy of bound paper.

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/ 14 November 2007

Chevron to pay $30m in oil-for-food settlement

Chevron, the number-two United States oil company, has agreed to pay -million to resolve criminal and civil liabilities related to procurement of oil under the United Nations oil-for-food programme, US prosecutors said on Wednesday. Chevron will not be prosecuted and will continue to cooperate with investigators, they said.

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/ 13 November 2007

Survey: Many don’t think Aids is fatal

In a nine-country survey released on Tuesday, more than 40% of respondents did not understand that HIV/Aids is always fatal. While most respondents believed that The survey from the MAC Aids Fund involved 4 510 interviews conducted in the United States, the United Kingdom, Russia, France, China, India, Mexico, Brazil and South Africa.

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/ 7 November 2007

‘Humpty Dumpty has fallen off the wall’

Every day that gunshots ring out in a Mogadishu neighbourhood, every week that an explosion rips homes into plumes of dust, and every month that thousands of civilians flee the capital, Somalia plunges deeper into crisis. Last week’s resignation of Ali Mohamed Gedi, the country’s Prime Minister, is the latest shake-up in a chronology of political turmoil in the Horn of Africa state.

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/ 5 November 2007

Kenya’s Lel wins New York City Marathon

Paula Radcliffe made a triumphant return to marathon racing and Martin Lel reprised his thrilling London victory to win at Sunday’s New York City Marathon. Radcliffe, running her first marathon in two years after taking a maternity break and recuperating from injury, beat Gete Wami after a race-long duel.

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/ 5 November 2007

Bathroom boffins aim to flush ‘toilet taboos’

Public restrooms have become an unexpected source of controversy in the United States as experts argue over how the ever-essential destination can avoid discriminating by class or sex. ”In the US, but also in many other parts of the world — including India … issues having to do with human waste are taboo from public discussion. It is a last frontier,” said Harvey Molotch, a professor of cultural analysis at New York University.

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/ 4 November 2007

Citigroup CEO Prince to resign

Citigroup chief executive Charles Prince plans to resign this weekend, the Wall Street Journal said on Friday, as the widening subprime mortgage crisis brings to an end the reign of Sanford Weill’s troubled successor. The largest United States bank by assets plans to hold an emergency board meeting on Sunday, at which Prince will step down.

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/ 30 October 2007

UN extends sanctions on Côte d’Ivoire

The United Nations Security Council renewed arms and diamond sanctions against Côte d’Ivoire on Monday in a bid to make the West African country stick to the terms of a peace process. A resolution passed by the council extended the sanctions for a further year but promised to review them during that period.

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/ 29 October 2007

Merrill Lynch board weighs fate of CEO

As Merrill Lynch’s board deliberates the fate of chairperson and chief executive Stan O’Neal, a leading contender for the job on Sunday said he is not aware of being a candidate. Meanwhile, Merrill’s board has reached a broad consensus to remove O’Neal as chairperson and CEO, the New York Times reported on Sunday.

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/ 27 October 2007

Oil price hits record high on Iran tensions

World oil prices surged to historic highs on Friday, breaching $92 for the first time in New York amid rising tension in crude-rich Iran and tightening United States energy supplies. New York’s main futures contract, light sweet crude for delivery in December, soared to a record intraday high of $92,22 per barrel.

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/ 23 October 2007

Have you made it on Wikipedia?

They say if you can make it in New York, you can make it anywhere. But these days, it seems you haven’t really made it unless you have that most prized of status symbols — your very own page on Wikipedia. ”It’s something of an honour,” said journalist Howard Altman of being added to the world’s largest online encyclopedia.

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/ 19 October 2007

Oil prices cross $90 for first time

Oil prices have surpassed a barrel for the first time as the falling dollar drew new foreign investors and speculators to dollar-denominated energy futures. Light, sweet crude for November delivery hit ,02 in electronic trading late on Thursday evening before returning to about ,60.