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Google sets its sights on television dominance

FIRST it conquered the internet. Then it took on mobile phone providers. And now it has set its sights on the world of television.
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Zimbabwe's amended mining bill ready - minister

HARARE, - Zimbabwe has prepared an amended mining law to be presented to cabinet for approval before it is debated in parliament, but it is not clear if the amendment bill will prescribe 51 percent local ownership of all mines.
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Man from Ivory Coast presides over Britain's biggest acquisition of alltime

NEW YORK - American International Group Inc (AIG.N) agreed to sell its Asian life insurance unit to Britain's Prudential Plc (PRU.L) for about $35.5 billion, in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the matter said.
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An Unenviable Position: Shah v HSBC Private Bank

Can a bank, in complying with its money-laundering obligations, open itself up to civil claims by disgruntled clients for failing to comply with instructions?
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Zimbabwe's brands to fight for honours

The Marketers Association of Zimbabwe (MAZ) is to unveil its Superbrand - Brand of the Year 2010 competition at a Harare hotel on Friday, 5 March 2010.
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MTN SA and Telkom in bid for Zimbabwe’s state-owned operator

ZIMBABWE’s government today confirmed that MTN SA and Telkom have placed separate formal bids for the state-owned mobile and fixed telecommunications companies NetOne and TelOne, respectively, according to State reports.
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Botswana Telecom, Zimbabwe’s PowerTel clinch deal

GABORONE - Botswana Telecommunications Corporation (BTC) has clinched a US$5 million deal with Zimbabwe’s PowerTel, aimed at boosting communication between the two neighbouring countries.
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Econet's Liquid Telecom to set up own fibre network

LONDON - Zimbabwe Econet Wireless's UK based Liquid Telecom is set to launch Southern African fibre network at “good prices the like of which have not been seen”, a report in Telecoms journal said.
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Zimbabwe inflation at -4.8 % y/y in January : CSO

HARARE - Zimbabwe's year-on-year inflation rate stood at -4.8 percent in January from -7.7 percent in December, the Central Statistical Office (CSO) said on Thursday.
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Zimbabwe mining stocks takes a huge battering

The Zimbabwe Stock Exchange’s Mining Index fell 4.6 percent because some investors are wary of a new law that could force companies to transfer 51 percent of their shares to black Zimbabweans, Kingdom Stock Brokers Ltd. said
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The UK faces severe economic meltdown - Economist

LONDON - The UK should be seen in the same category of countries as Greece and Spain, who are facing severe debt problems, a leading economist has said.
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Google enters Facebook and Twitter markets

Google is today expected to announce enhancements to its Gmail service that will make it easier for users to share links, media and status updates with friends
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Ex-KFHL Boss Makamba Joins Meikles Africa

Harare — EX-KINGDOM Financial Holdings Limited chief executive Mr Onias Makamba has crossed floors to join Meikles Africa Limited.
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Zimbabwe mines group proposes 10% local ownership

CAPE TOWN - A key Zimbabwe mining group has proposed that locals have 10% ownership of foreign-owned companies, and not the 51% the government wants under a draft law that has shaken investors and could further damage an already ravaged economy.
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Reserve Bank's latest series of defauls undermining recovery - Economist

HARARE - Economist Godfrey Kanyenze of the Labor and Economic Development Research Institute of Zimbabwe said the central bank's default on the bonds had dealt a major blow to the mining sector as it struggles to recover.
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Chiyangwa muscles into Meikles amid serious tensions with the Mayor

HARARE - A consortium involving controversial businessman Phillip Chiyangwa last week concluded its takeover of a significant part of the Meikles group after buying $17 million worth of shares from Econet.
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Zimbabwe poised to be the next gold leader

HARARE - Zimbabwe, the country which used to have over 1,00,000 per cent inflation, has done everything to cash in on the gold boom witnessed in the world during the past year.
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Econet exceeds 3 million subscribers in Zimbabwe

Econet Wireless Zimbabwe (EWZ) has emerged as the country’s leading cellular telephone operating company in the country. Information made available by the company shows it has a subscriber base that exceeds 3 million subscribers in Zimbabwe.
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Old Mutual to disinvest in bloody diamond company

JOHANNESBURG - Old Mutual Plc, the biggest insurer in South Africa, said it’s reviewing its stake in scrap metal recycler New Reclamation Group Ltd. which agreed to mine diamonds from Zimbabwe’s Marange deposit in a venture with the government.
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South Africa adds drugs, prostitution to growth figures

PRETORIA - South Africa included figures for drugs and prostitution in its economic growth calculation for the first time on Tuesday, but analysts said the estimated $465 million for illegal activities last year was too low.
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