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Face-to-face time makes us happier than Facebook

SINGAPORE (Reuters Life!) - Nothing makes us happier than our families and loved ones, a new study shows, with face-to-face socializing beating reaching out to people online hands down.

Now, a platinum ETF from Africa

After the US launched its first palladium ETF recently, it is the turn of South Africa now South African stock exchange operator, JSE, will launch a platinum ETF soon. It is also looking to list an Africa ETF in South Africa, with blue-chip companies.

Uganda's third gold refinery starts functioning

Uganda's third gold refinery named Victoria Gold Star started operations with a capacity to refine 60kg of gold daily. The refinery, built with the help of Russian investors at a cost of around $1.5million, was located at Fifth Industrial area in country's capital Kampala.

China's gold production to shoot up in 2010

Reports from China and South Africa, two major gold producers in the world, show that gold output this year may witness a surge as several companies have ramped up their production to cash in on the rising prices and increased demand. According to Chinese media, the country produced 70.16 tonnes of gold in the first three months of 2010. This is a gain of around 4.4 per cent year-on-year. The report further added that gold mining companies in China produced 57.3 tonnes of gold in the first three...

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Chilean journalist awarded World Press Freedom Prize 2010

The Chilean journalist, Mónica González Mujica, a heroine of the struggle against dictatorship in her country, has been named laureate of the 2010 UNESCO/Guillermo Cano World Press Freedom Prize.

Global space business grew 7 percent to $262 billion in 2009

The global space business grew to $261.6 billion in 2009, expanding 7 percent from 2008 and 40 percent over the past five years at a time when other industries were slammed by recession, according to a report released Monday by the nonprofit Space Foundation.

Australian scientists to travel overseas to study foot and mouth disease

The livestock industry and the federal government are allocating $5 million for the research on foot and mouth disease overseas, rather than importing the live virus.

3D TV to face global test in soccer World Cup

Hundreds of thousands of soccer fans are likely to get their first taste of live 3D viewing during this year's World Cup, the vast majority of them in cinemas rather than at home, according to football body FIFA.

Vodafone to offer Web via Opera in emerging markets

British mobile telecoms group Vodafone said it will launch the Opera Mini browser on low-cost handsets so its millions of users in emerging markets can easily access the Internet, lifting Opera's shares.

Industry bodies press EU to act on iron ore prices

European industry bodies urged European Union regulators on Wednesday to prevent unfair competition and excessive pricing of iron ore, saying it could hamper economic recovery in Europe.

Will S Africa buy more stake in PGM (Platinum Group Metals) mines?

Will South Africa increase its stake in platinum group metals (PGM) industry following a green signal from an advisory body? A totally black-owned company KIO Advisory Services recently said that the country should raise its involvement in the PGM industry in order to achieve transformation. And, if that happens, there is a chance of big changes in South Africa's mining sector. Even gold, and platinum and other precious metals' prices may also see some changes following this.

Bharti ties up Zain deal funds as talks deadline nears

Top Indian telecoms firm Bharti Airtel said it had tied up the entire financing requirement of $8.3 billion for its planned buy of Kuwaiti telecom Zain's African assets, in a sign of progress as the deadline for the firms' talks expire next week.

Bharti ties up $8.3 billion finance for Zain Africa deal

Top Indian telecoms firm Bharti Airtel said on Sunday it had tied up the entire financing requirement of $8.3 billion for its planned acquisition of Kuwaiti firm Zain's African assets.

Nike beats Street view, shares sprint higher

Nike Inc posted a return to sales and profit growth on Wednesday and forecast higher expected orders around the world after a year of declines, sending its shares up more than 3 percent.

Nike Q3 beats Street view, shares sprint higher

Nike Inc posted a net profit that beat analyst expectations, fueled by fewer clearance sales of merchandise and improving sales around the world, sending its shares up more than 3 percent.

Nike profit beats in quarter, sales improve

Nike Inc , the largest global sporting gear maker, posted a net profit that beat analysts' expectations, helped by fewer clearance sales of merchandise and improving sales around the world.

S Africa's gold output down, only 4th in world

Once upon a time South Africa was the largest gold producer in the world. But, things have changed now it has fallen to the fourth position in the world as the mines in the country are facing severe power problems and decline in the output. A further decline in the country's mined gold output in 2009 has now relegated the country to fourth position in the world gold production stakes.

No obstacles seen to Zain-Bharti deal close: report

Kuwaiti telecom Zain and India's Bharti Airtel have faced no obstacles in due diligence and expect the $9 billion deal to close on time, a Kuwaiti newspaper said on Tuesday.

EADS has received no word from U.S. on tanker

Airbus parent EADS has received no word of any changes to a contest to supply aerial refueling tankers to the United States, the head of Airbus Military said on Monday.

Best Buy bets on 3D TV, but no quick payoffs seen

While James Cameron's 3D sci-fi epic Avatar took the box office by storm instantly, the road to success will be much longer for Best Buy Co Inc, which is making a big bet on 3D televisions this year.

Chevron to seek UK refinery sale, cut 2,000 jobs

Chevron Corp , the second-largest U.S. oil company, put several of its downstream operations up for sale, including its Pembroke refinery in the UK, and said it would eliminate 2,000 jobs this year.

Chevron to seek UK refinery sale, cut 2,000 jobs

Chevron Corp, the second-largest U.S. oil company, said it planned to put several downstream operations up for sale, including its Pembroke refinery in the UK, and eliminate 2,000 jobs this year.

Chevron to sell UK refinery, cut 2,000 jobs

Chevron Corp , the second-largest U.S. oil company, said it planned to put several downstream operations up for sale, including its Pembroke refinery in the UK, and eliminate 2,000 jobs this year.

AIDS rise may force India to spend more: World Bank

(Reuters) - India will have to scale up prevention of HIV to avoid having to spend an increasing share of its health budget on treatment of AIDS patients, the World Bank and other agencies said Sunday.

Global climate battle plays out in World Bank

The United States and Britain are threatening to withhold support for a $3.75 billion World Bank loan for a coal-fired plant in South Africa, expanding the battleground in the global debate over who should pay for clean energy.

Gold, forex reserves fall in South Africa

Gold and foreign exchange reserves in South Africa have declined marginally for the month of February, said a statement from the South Africa Reserve Bank (SARB) on Friday. It said net gold and foreign exchange reserves declined to US38.281 billion in February from US38.630 billion in January.