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Rising oil prices fuel piracy

The waters off West Africa’s coast, the Gulf of Guinea, are a growing source of oil and have recently seen a spike in piracy for theft of its riches, a development seen to be fuelled partly by rising crude prices. Attacks on vessels have grown in number and scope, spreading across a broader region in what is becoming a new ...

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Township malls are red-hot property

Shopping malls aimed at the lower Living Standards Measure (LSM) groups are the star performers in listed property portfolios. The performances of these shopping centres in townships, rural areas and CBDs overshadow the performances of their suburban counterparts. That makes this a red-hot sector to be active in, and property groups that already have some of these properties are planning ...

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Merkel likely to rally lawmakers behind Greek deal

German Chancellor Angela Merkel raises a beer at an event in her constituen… Chancellor Angela Merkel is expected to rally German lawmakers behind a Greek rescue deal in a vote Monday but faces opposition within her coalition against Germany stumping up any more aid. For the seventh time in less than two years, the 620 MPs in the German Bundestag ...

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Low in polls, Sarkozy stakes all on campaign verve

LILLE, France (Reuters) – Delivering thundering speeches in three cities that left him worked into a sweat aides had not seen in years, French President Nicolas Sarkozy showed in the first week of his re-election campaign that he has lost none of his oratorical power. France’s President Nicolas Sarkozy enters his car as he leaves the Petroplus oil refinery in ...

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"The Artist" wins best picture Oscar

“The Artist” took home the big prize at the Academy Awards Sunday night, winning the Oscar for best picture. Earlier in the evening, “The Artist” director Michel Hazanavicius also won the Academy Award for best director. “I am the happiest director in the world right now,” Hazanavicius said as he accepted the best director Oscar. “The Artist” won two other ...

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Christopher Plummer: oldest person to win Academy Award

“Your only two years older than me darling…where have you been all my life?” were the first words spoken by Christopher Plummer after winning this year’s Best Supporting Actor Oscar. The 82-year old Plummer is the oldest person ever to take home the ultimate in Hollywood prizes. Plummer wins for Beginners, in which he plays an old man that comes ...

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Osborne: UK has run out of money

The Government ‘has run out of money’ and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted. Mr Osborne is under severe pressure to boost growth, amid signs the economy is slipping back into a recession. Photo: PA By Rowena Mason, Political Correspondent 10:02PM GMT 26 Feb 2012 In a stark warning ahead of next month’s Budget, ...

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The burning question

Afghanistan is in the eye of another murky storm. A suspected senior Afghan security personnel, who is now on the run, has shot dead two senior US military officers in the interior ministry. As a result, all Nato-US personnel working within Afghan ministries have been recalled. The suspected motive for the killings may be revenge for the burning of copies ...

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2 US troops shot in Kabul; NATO pulls workers

A gunman killed two American military advisers with shots to the back of the head Saturday inside a heavily guarded ministry building, and NATO ordered military workers out of Afghan ministries as protests raged for a fifth day over the burning of copies of the Quran at a U.S. Army base. The Taliban claimed responsibility for the Interior Ministry attack, ...

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