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/ 29 January 2008
Opec is widely expected to resist consumer calls for more oil when it meets on Friday, worried by a slowing United States economy and the onset of seasonally lower demand in the spring. Oil has fallen to around a barrel from a record ,09 on January 3, easing pressure on Opec to pump more.
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/ 29 January 2008
South Africa’s critical electricity crunch has raised doubts over whether infrastructure can keep pace with an economic boom while the country prepares to host the 2010 Soccer World Cup tournament. South Africa is gripped by traumatic power cuts that have brought the mining industry, mainstay of the economy, to a halt.
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/ 28 January 2008
Wikia, a profit-oriented company set up by Wikipedia co-founder Jimmy Wales, is aiming for a public listing in the long term. ”For Wikipedia itself I think we will always be a charity … but for Wikia, my for-profit company, yes, absolutely,” Wales said on the sidelines of the World Economic Forum’s annual meeting in Davos last week.
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/ 28 January 2008
Serious concerns were raised in Davos last week about the ability of the Chinese government to spy on the country’s 500-million cellphone users. China’s biggest cellphone company stunned delegates by revealing that the company had unlimited access to the personal data of its customers and handed it over to Chinese security officials when demanded.
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/ 27 January 2008
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Jacob Zuma, who survived rape and corruption charges to become the president-in-waiting, has harsh words for Kenya and Nigeria, where recent elections were marred by alleged fraud, violence and disputed results. ”What has happened in Kenya I think is absolutely not right,” Zuma said on Saturday.
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/ 26 January 2008
Women may be smashing glass ceilings on Wall Street, but a walk down the corridors of the World Economic Forum would have you fooled. Organisers say female delegates make up 17% of the hundreds of policymakers and business leaders that gathered in Davos this week — less than one in five.
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/ 24 January 2008
Biofuels made from plants and waste will prove an increasingly efficient and cheap substitute for oil in many areas over the coming five years, industry analysts said. As long as crude sells at prices towards $100 per barrel, there will be strong demand for cheaper biofuels.
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/ 24 January 2008
The United States and other countries must not demonise sovereign wealth funds as they come to the aid of troubled United States banks, some of the world’s biggest state-run investors said on Thursday. A top US official denied the United States feared government-run investment funds, many of them based in Asia, the Gulf and Russia.
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/ 24 January 2008
Climate change is occurring far more rapidly than even the worst predictions of the United Nations Nobel Prize-winning Intergovernmental Panel on Climate Change, Al Gore said on Thursday. Recent evidence shows "the climate crisis is significantly worse and unfolding more rapidly than … projections had warned us", he said.
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/ 23 January 2008
The annual Davos gathering of the world’s political and business elite opened on Wednesday with the fragile state of the world economy and stock-market turmoil casting a pall over the glitzy get-together. In recent years the annual meeting in the Swiss ski resort has been held against a backdrop of bumper corporate profits, strong economic growth and tame inflation.
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/ 22 January 2008
A private firm funded by Google launched its web-based DNA test in Europe on Tuesday, hoping to build on a successful start in the United States. Linda Avey and Anne Wojcicki, co-founders of 23andMe, will showcase their service at the annual meeting of the World Economic Forum in Davos.
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/ 22 January 2008
African National Congress (ANC) president Jacob Zuma will be spending the rest of this week at the World Economic Forum’s annual meeting in Davos, Switzerland. ”He has been invited there in his capacity as president of the ANC,” party spokesperson Tiyani Rikhotso said on Tuesday.
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/ 21 January 2008
Pakistani President Pervez Musharraf pledged on Monday to hold free elections as he began a four-country European trip aimed at winning international support. Musharraf’s popularity has slumped over recent months in Pakistan, which has been racked by militant attacks, and faces a parliamentary election on February 18.
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/ 27 September 2007
The Democratic Alliance (DA) on Thursday said that South Africa being ranked the third least safe place out of 48 countries on the African continent indicates that the country is critically unsafe. ”South Africa’s safety and security performance is utterly abysmal,” said the party’s spokesperson on safety and security, Dianne Kohler-Barnard.
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/ 27 September 2007
South Africa is moving backwards in key development areas such as economics and safety and security, says the Democratic Alliance (DA). ”When considering year-by-year positions on various indices, South Africa is actually backsliding rather than improving,” says a DA survey, launched by DA parliamentary leader Sandra Botha on Thursday.