Archive for the ‘World’ Category

source: FIN24
Jun 05 2009

London – New York crude oil spiked above $70 on Friday, reaching the highest point in seven months on news that US job losses slowed dramatically in May, data that also weighed on the dollar.

New York crude spiked to $70.32 a barrel, the highest level since November 4.

The number of US job losses slowed to a better-than-expected 345 000 in May, while the unemployment rate surged to 9.4% in May, government data revealed.

“The sharper than expected moderation in the rate of net payroll job losses suggests that the US economy is perhaps closer to [continue reading]

source: BOPA
31 October, 2008

GABORONE – The United Kingdom Home Office will start issuing identity cards from November 25 to non-European Economic Area (EEA) foreign nationals and their dependants who are granted further leave to remain in the UK.

According to a news release from the British High Commission, the card will be rolled out on an incremental basis over the next three years to all non-EEA nationals including those going to the UK on visas valid for more than six months.

The release states that the new credit-card sized ID will have the holder’s photograph, name, date of birth, nationality and immigration status.

A secure electronic chip will also hold their biometric details, including fingerprints and a digital facial image.

It says the identity cards for foreigners will replace paper documents as such making it easier for [continue reading]

source: SW Radio Africa
By Violet Gonda
12 September 2008

The United Nations Secretary General Ban Ki-moon has ‘welcomed’ the power sharing deal agreed by ZANU PF and the two MDC formations on Thursday, and congratulated South African leader Thabo Mbeki for his role as mediator.

The UN supported the mediation process through the role of the Secretary-General’s envoy, Haile Menkerios, in the Reference Group.

The Secretary General said “he hopes that this agreement will pave the way for a durable peace and recovery in the country, and contribute to [continue reading]

source: BBC News

The One Laptop Per Child (OLPC) organisation has signed a deal with Amazon to sell its low cost laptops.

The online retailer will help with its next Give 1 Get 1 (G1G1) programme that is due to begin in late November.

Under this scheme people can buy one of the XO laptops for themselves and donate the other to a school child in a developing nation.

It is hoped the deal with Amazon will iron out the problems OLPC encountered when it ran the [continue reading]

source: IOL
August 27 2008 at 10:16AM
By Poloko Tau

Why make learners memorise things if they can simply Google them, and make them worry about spelling when computers have spell-check?

This was asked by Professor Erica McWilliam at a conference on “Education in the 21st century” in Boksburg, eastern Gauteng, on Tuesday.

The conference also focused on “Global issues facing school-leavers in the 21st century”.

McWilliam said it was quite “tedious” that many teachers tended to just get material off the Internet and read it straight to their learners.

“Before, they might have explained it more using their own words rather than the Internet’s words, and this means learners are not learning much from them,” McWilliam said.

A professor at Queensland University of Technology in Australia, McWilliam said it was important that teaching today be focused on preparing learners for life after school as well as [continue reading]

source: allAfrica
UN Integrated Regional Information Networks
19 August 2008
Posted to the web 20 August 2008

Zambian President Levy Mwanawasa’s death has dealt a double blow to Southern Africa, not only generating fears of possible political instability in Zambia but also concern about the impact on the process of finding a solution in Zimbabwe, according to analysts.

Under the current constitution, which is under review, Zambians will have to head for fresh polls within 90 days.

Mwanawasa, as chair of the Southern African Development Community (SADC), was one of the first regional leaders, together with the past and current presidents of Botswana, to openly criticise Zimbabwean President Robert Mugabe’s policies.

Mwanawasa died in a French hospital on 19 August, nearly two months after he was admitted as a result of suffering a stroke, said Zambian vice-president Rupiah Banda. He was 59.

Describing Mwanawasa as a “good friend and comrade”, the leader of Zimbabwe’s opposition Movement for Democratic Change (MDC), Morgan Tsvangirai, said he had “left us at [continue reading]

source: The Nation (Bangkok)
Published on April 24, 2008
Supachai Panitchpakdi

The main issue for developing countries arising from the current American credit crisis is the extent to which they are decoupled and protected from it.

The global economic situation is fragile, especially if the financial sector losses of US and European corporations start to spread across the globe.

This spread cannot be discounted since global financial markets are becoming increasingly integrated and interdependent. If the fragility spreads, it would undermine some of the gains made by many developing countries in recent years in managing national debt, including its sustainability and composition. The impacts on the poorest countries would be worse.

Such interlinked risks underline the importance of discussing a new policy agenda on external debt at the forthcoming United Nations Conference on Trade and Development (UNCTAD) XII in Accra, Ghana. It should also be given top consideration in progress towards an [continue reading]

source: BBC News

Oil prices crossed $117 a barrel for the first time after a militant group in Nigeria said it had attacked a Royal Dutch Shell-operated pipeline.

Confirmation that production had been hit revived US sweet, light crude, which had fallen more than $2 to $112.7 a barrel earlier.

The initial fall was sparked by the dollar’s recovery against the euro – a turn-off for oil’s foreign buyers.

But supply fears and uncertainty in oil-rich Nigeria erased those declines.

New York sweet light crude closed up $1.83 at $116.96, while London Brent finished up $1.49 to $113.92 – a new all-time high.

“The bulls still hold the cards,” said Mike Fitzpatrick at [continue reading]

source: The Citizen
By Ban Ki-moon

I have not sat still this year. From the very first day that I took office, I have been on the go engaging leaders in their capitals and across the UN community to push progress on four main fronts:

UN Reform. We need to change the UN culture and re-engineer the United Nations for life in our fast-paced modern world. We need to move faster and more effectively in responding to global challenges, within all three pillars of the UN`s work: peace and security, economic and social development, and human rights. As one UN team, we need to be more mobile and more flexible. And we must meet the highest standards of ethics, transparency and accountability.

To better deliver on the world`s expectations and growing demands upon us, I have set out to re-organise key departments. We began with the Department of Peacekeeping Operations, improving performance and efficiency by [continue reading]

source: IOL
August 16 2007 at 06:33AM

Toy shops are recalling several toys feared harmful to children. The toys contain lead paint or tiny magnets that young children may swallow.

US toy giant Mattel Inc has recalled more than 18 million Chinese-made products worldwide, citing serious concerns for children’s safety.

On Wednesday, Stephen Hurst, director of Just Fun Toys – the South African distributor of Mattel and Fisher-Price toys – said plans were under way to recall the toys in the country.

“By 3.30pm on Monday we had instructed all our retailers to remove some toys off their shelves. We have also drawn up newspaper adverts which will go out this weekend,” Hurst said.
The recall, according to the print adverts drawn up by Just Fun Toys, lists several items consumers are being asked to return:

  • Eleven different Polly Pocket magnetic play sets, sold since May 2003.
  • The toy jeep Sarge – from the hit animated film Cars – or assortments containing Sarge cars sold since May.
  • Barbie and Tanner toys sold since May last year.

The Polly Pocket and Barbie withdrawals are because they contain [continue reading]

UK: Brown power


New British PM promises change; Blair heads for Middle East

Gordon Brown became Prime Minister of Britain yesterday, promising new priorities and a departure from the politics of Tony Blair. But, even as Brown took office, Blair continued to steal the spotlight with the announcement that he would become Middle East envoy for the US, Russia, European Union and the UN.

And the shadow of Blair’s decision to commit British forces to wars in Iraq and Afghanistan hangs over the new prime minister. “The first priority of Gordon Brown has to be recognising the disaster of the strategy in Iraq and making plans for the withdrawal of our forces,” said Labour MP Jeremy Corbyn, a Blair critic.

Closer to home, it seems relations between President Thabo Mbeki and Brown will thaw. They have been icy for a month since Brown said Britain no longer needed to apologise for colonialism and Mbeki responded with a highly critical Internet column.

Mbeki conveyed his ‘‘warmest congratulations’’ to Brown yesterday. Foreign Affairs spokesman Ronnie Mamoepa said South Africa was convinced Brown would build on the UK’s constructive engagement in Africa.

Brown, meanwhile, faces a [continue reading]

source: allAfrica
BuaNews (Tshwane)
27 May 2007
Posted to the web 27 May 2007

Lavinia Mahlangu

Finance Minister Trevor Manuel on Saturday reiterated South Africa’s call for a transparent process to appoint the World Bank President, which did not restrict the candidate by nationality.

“Minister Manuel today re-iterated South Africa’s strong support for the G-20 position that the heads of the international financial institutions, including the World Bank, should be appointed using an open, transparent selection process with candidates not restricted by nationality,” the National Treasury said in a statement.

These remarks follow the recent decision by World Bank President Paul Wolfowitz to resign from his position, after ethical concerns were raised regarding a promotion and salary increase for Mr Wolfowitz’s female companion, a former World Bank employee.

A joint statement released on 17 May by Mr Wolfowitz and the Bank’s Executive Directors reads:

“The Executive Directors accept Mr Wolfowitz’s decision to resign as President of the World Bank Group, effective end of the fiscal year (June 30, 2007). The Board will start the nomination process for a new President immediately.”

In the same statement Mr Wolfowitz said: “I am pleased that after reviewing all the evidence the Executive Directors of the World Bank Group have accepted my assurance that I acted ethically and in good faith in what I believed were the best interests of the institution, including protecting the rights of a valued staff member.

“The poorest people of the world, especially in Sub-Saharan Africa deserve the [continue reading]

source: BOPA
18 May, 2007

GABORONE – President Festus Mogae is scheduled to deliver the opening address at the ninth German World Bank Forum (WBF) 2007 on the theme: Africa on the Rise in the German capital, Berlin, on Monday.

The WBF is an annual event, which is organised by the World Bank and German Ministry of Economic Coooperation and Development, to address different issues. This years theme is focused on sustainable development in Africa.

Since the first WBF meeting in 1995, the event has come to be known as Germanys high-level flagship event, raising and sustaining interest in development issues across multiple constituencies.

It brings together government ministers, chief executive officers, presidents and leading personalities. Approximately 50 per cent of the participants come from the private sector.

This years meeting is of special importance in the context of Germanys presidency of the European Union and G8. Consequently, it is one of a series of events linked to the countrys twin roles.

Besides Botswana, Germanys federal development minister, Ms Heidemarie Wieczorek-Zeul and the World Bank, have invited high-level government representatives from Africa to discuss how German companies and organisations can support [continue reading]

Source (Japanese)

Microsoft spent millions of dollars advertising its next generation OS ‘Windows Vista’ in China, in fact the IT juggernaut threw up the biggest Vista Ad on the 421 meter high Jin Mao tower in Shanghai China. However after 2 weeks (Jan 19 to Feb 2) from launch Microsoft managed to sell a mere 244 copies of Windows Vista. Software piracy is rampant in the middle kingdom and a pirated version of Vista sells for a mere $1 on the streets. The following numbers are quoted by Windows Vista chief distributor in Bejing.


01/03/2007 07:37
Source: Fin24

San Francisco – Google on Thursday made public more information about the extent of click fraud on its ad network to further clarify what it says are misperceptions about the issue.

Loosely-defined, click fraud occurs when an internet ad is clicked upon for nefarious reasons, such as driving up a business competitor’s ad costs.

The practice takes advantage of how internet advertisers pay a small fee to Google and other internet ad providers each time one of their ads is clicked upon.

Some click-fraud-fighting companies believe the practice is rampant, forces advertisers to pay an extra $16bn a year, and that up to half of all ad clicks are fraudulent.

But according to Google, in the worst cases, on average 10% of all ad clicks [continue reading]