IBT Staff Reporter

The South African airline industry is far from saturated and there is still room for new blood, particularly in the underserved low-cost airline market, analysts say.

The debate on whether or not Rwanda and Burundi should be included in the East African Community (EAC) has existed since the concept of re-igniting the regional union several years ago. Internally, the will to federate in East Africa has always seemed crippled by instincts of self preservation arising out fear of domination by a 'superior state' over 'weaker' ones.

Ethiopian Airlines has won the African Airline of the Year 2006 Award, the company's management announced last Wednesday.

MTN is spending $348,9m to bump up its shareholding in MTN Nigeria by buying out some of the minority investors. It will pay $287,8m in cash and issue 6-million shares in the parent company to take an extra 6,98% in the Nigerian subsidiary, giving it an 81,87% share.

New Zealand, be short of workforce, become a goal of China who are seeking the ways for its superfluous skilled labors in the world.

11,260 sale and purchase agreements of all types of building units were subscribed in September, an surge of 29.8% on August and a rise of 29.3% on the same period last year, Hong Kong Land Registry said.

Morgan Stanley Asian director and general manager Andy Xie suddenly refered a resignation......

Hong Kong shares yestoday rose 22 pcts to close at 17,629, recording a new high point in six year for 5 consecutive increasing days; while the market value of HK shares aslo broke the historic record......

European Union (EU) yestoday announced it will collect the anti-dumping taxes of 16.5% and 10% for leather shoes importing from China and Vietnam respectively......

Shui On Land, a Shanghai-based property developer, gave brokers a surprise - its shares climbed 10.28% on their Hong Kong trading debut Wednesday.

Microsoft's anticipated next generation operating system will include measures to thwart potential software pirates, the company said on Wednesday, including a method hindering the software if appropriate registration is not made.

Overall spending for wireless service has increased significantly from 2004 as customers continue to try new non-voice services a new study finds.

General Motors, the world's largest carmaker, said together with Renault and Nissan on Wednesday, that they have collectively agreed to end talks on a possible alliance. While significant synergies could be realized, the companies could not agree how best to distribute the benefits of their cooperation.

Despite emerging competition and an already sizable market share, Apple Computer continues to gain share with its venerable iPod music player latest research finds.

Federal Reserve Bank Chief Ben Bernanke said on Wednesday there is a need for U.S. consumers to save more money. However he added that “no silver bullet” has yet been found for a way to increase household savings.

While industry-wide competition has continued to force pricing down, opportunity continues to abound for WLAN chip suppliers, according to market research company IDC.

The Malaysian flag carrier, Malaysia Airlines, has expressed disappointment following the latest delay of the Airbus A380 jumbo jet. The airline said it is now considering all available options.

Morley Fund Management today announced that it appointed Mick Chadwick as head of dealing on its stock lending team.

Three European companies were found guilty of fraud in a major development project in southern Africa by a Lesotho judiciary. The companies were fined a total of $5.6 million (€4.4 million) on Wednesday.

Social networking is growing in popularity, however a recent study indicates that users of social networking websites engage in risky behavior, potentially putting themselves at risks to hackers and identify thieves.

Chevron Corp and the National Renewable Energy Laboratory will work together to further develop the research of renewable energy fuels.

Search leader Yahoo Inc. announced on Wednesday that it is expanding its mobile search services to include sponsored search results, connecting its advertisers directly with mobile users.

The mobile display industry is getting a boost from multimedia enabled cell phones, with shipments expected to grow 17 percent in 2006.

Manganese Bronze Holdings Plc today announced that it had signed Heads of Terms with Zhejiang Geely Holding Group CO. Ltd, the Chinese car manufacturer.

Nokia today announced that it would be entering a software platform collaboration with Orange in order “to facilitate device customisation and strengthen the role of S60 devices.”

Jessops said it had acquired 20 stores in Scotland and Northern Ireland, boosting its total outlets to 313.

Financiers have found a perfect way to splurge their annual bonuses cosmetic surgery to keep them looking youthful in a fiercely competitive job market.

Hardly anyone expects the Bank of England to raise interest rates this week but markets are still on heightened alert after the central bank caught them on the hop with a quarter point hike in August.

ASDA said it would pay workers under the age of 18 at the same rate as adult staff following new EU rules on age discrimination.