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/ 29 April 2008

Security Council takes up Zimbabwe vote

France’s United Nations ambassador called on Zimbabwe authorities on Tuesday to publish and accept the results of elections there as the Security Council met for its first session on the Zimbabwe crisis. Diplomats have said South Africa, which currently holds the Security Council presidency, was reluctant to have it take up the issue of Zimbabwe.

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/ 24 April 2008

Nothing to LOL about

It’s nothing to LOL about: despite best efforts to keep school writing assignments formal, two-thirds of teens in the United States admit in a survey that emoticons and other informal styles have crept in. The survey results may give parents, teachers and others a big 🙁 — a frown to the rest of us — though the study’s authors see hope.

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/ 22 April 2008

Bank of America profits fall 77%

The credit crunch sent Bank of America’s quarterly profits plunging 77% after weak trading on Wall Street and in retail banking, it was announced on Monday. Bank of America, which has the largest branch network in the United States, wrote off more than -billion in trading losses and provisions against bad debts.

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/ 19 April 2008

Oil hits new record $117 a barrel

Oil prices hit a record high a barrel on Friday as jitters over Nigerian oil supplies outweighed a rally in the dollar and fears of an economic slowdown in giant energy consumer China. United States light crude settled up ,83 at ,96 a barrel, before hitting a record . London Brent crude gained ,49 to ,92.

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/ 18 April 2008

Citigroup posts $5,11-billion first-quarter loss

Citigroup, the largest United States bank, on Friday posted its second straight quarterly loss, hurt by more than -billion in write-downs and increased reserves for credit losses. The loss totalled ,11-billion, or ,02 per share, and compared with a year-earlier profit of ,01-billion, or ,01 per share. Revenue fell 48% to ,22-billion.

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/ 18 April 2008

Google makes gains during credit crunch

The internet company Google has defied predictions of economic doom by delivering a 31% surge in quarterly profits, which appeared to vindicate the company’s claims that people will continue searching the web in a recession. Google’s first-quarter earnings jumped from -billion to ,31-billion.

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/ 17 April 2008

Pressure mounts on Zimbabwe at UN

Western states joined the United Nations in urging action to ensure a fair outcome from Zimbabwe’s elections, but most African countries avoided the issue at a summit of the Security Council on Wednesday. British Prime Minister Gordon Brown said: ”No one thinks, having seen the results of polling stations, that President [Robert] Mugabe has won.”

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/ 17 April 2008

UN chief alarmed at violence in Gaza

United Nations chief Ban Ki-moon on Wednesday expressed grave concern at the mounting violence in the Gaza Strip and southern Israel and urged all parties to show restraint. "The secretary general is gravely concerned at the escalation of violence in Gaza and southern Israel," his press office said in a statement.

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/ 15 April 2008

Marilyn Monroe sex film to be kept private

A 15-minute film of Marilyn Monroe engaging in oral sex with an unidentified man will be kept from public view by a New York businessman who has bought it for ,5-million, the broker of the deal said on Monday. Monroe is clothed and the man’s head remains out of the frame for the entire 15 minutes of the film.

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/ 10 April 2008

Microsoft to unveil traffic-jam beater

Microsoft plans on Thursday to unveil a web-based service for driving directions that uses sophisticated software to help its users avoid traffic jams, the New York Times reported. The software technology system, called Clearflow, will provide drivers with alternative information for routes that takes into account prevailing traffic patterns.

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/ 2 April 2008

Costly food? Investors only partly to blame

High food prices around the world? Blame — at least in part — the investors who moved their money into commodities in the past five years, looking for better returns than they were getting from stocks and bonds. Global investment funds saw the potential for profits in commodities outstripping those from the stock market, and from 2002 started diving into oil.

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/ 2 April 2008

Court to hear Pistorius, Gatlin appeals

Appeals by South African double amputee Oscar Pistorius and Olympic champion Justin Gatlin will be heard by the Court of Arbitration for Sport (CAS) this month and next, the Lausanne-based court said. Pistorius’s hearing will take place on April 29 and 30 and Gatlin’s will follow on May 28 and 29, CAS said.

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/ 1 April 2008

Yahoo! targets women with new website

Yahoo! on Monday launched a site for women between the ages of 25 and 54, calling it a key demographic underserved by current Yahoo! properties. The site, Shine, is aimed largely at giving the struggling internet company additional opportunities to sell advertising targeted to the key decision-maker in many households.

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/ 27 March 2008

Oil prices soar on Iraq pipeline attack

Oil prices leapt higher on Thursday as concerns about tight supplies were stoked by news that saboteurs had blown up an Iraqi export pipeline, traders said. New York’s main oil contract, light sweet crude for delivery in May, rose by $1,68 to close at $107,58 per barrel. In intraday trade it had hit $108,22.

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/ 25 March 2008

Landis appeal ends, decision expected in June

Disgraced American cyclist Floyd Landis will have to wait until June at the earliest for a ruling on an appeal to overturn his positive doping test at the 2006 Tour de France after a five-day hearing ended on Monday. Landis, who has denied wrongdoing, made his final appeal in closed-door sessions before the Court of Arbitration for Sport.

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/ 23 March 2008

Republicans urged to vote for Clinton

Some pundits are calling them the HillPublicans. They are hardcore Republicans who are going against their previous political beliefs and voting for Democratic presidential hopeful Hillary Clinton. The emergence of the HillPublicans now has many political observers poring over poll data and wondering what is going on.