There appears to be something profound about a design method that copies nature, even for people who aren’t big fans of reflexology or wheatgrass. Maybe, just maybe, biomimicry can do YOU a favour.
Also today: Beijing aggrieved at Obama’s yuan comments; Forbes counts Chinese as No. 2 for billionaires; US senator cracks whip over financial reforms; Air China to issue shares to expand growth, pay down debt; Toyota’s American car sales surge on incentives.
An internationalised campaign against the World Bank lending Eskom $3.75 billion has already cost South Africa the United States’ vote. And though two cabinet ministers on Friday stressed that the loan will absolutely definitely undoubtedly go through, they are clearly worried that the environmental lobby isn’t yet done.
What exactly is a Rossion Q1? Well, unless you’re a serious fundi with a specific interest in American sports cars, you probably wouldn’t know that it’s a Ford-powered supercar built to exacting standards by Rossion Automotive in the US state of Florida.
Most companies have to work to get attention when they think they're launching something cool. First National Bank has hired Joburg's Turbine Hall for a joint event with PayPal toward the end of March. It may find the cavernous space a little cramped.
Also today: EMI sacks boss as it tries to sing in key over debt pile; Greek crisis business as usual for “Gall Street” ; Mexicans hold on to IMF lifeline, in case they flounder or sink; American cities vie for Google’s favour.
It’s a story that veers between dynastic saga and magic realism, between rags-to-riches melodrama and the invasion of the normal by the strange. Whatever it is, though, Carlos Slim Helu’s position atop the Forbes Rich List is symbolic of something new in the world.
KFC, a fast-food artist formerly known as Kentucky Fried Chicken, is blasting the Johannesburg airwaves of late, boasting about donating R200,000 to the City of Johannesburg to stop the pothole epidemic. Apart from the fact that they probably spend more money advertising the deed than on the deed itself, it should leave us all with a sick feeling in our collective stomach.
Also today: China’s exports soar – both good and bad news; Lithium jolts global miners out of their depression; Royal Mail set to deliver more junk; Scammers fold on cards in favour of online banking fraud ; Google launches virtual marketplace for third-party apps.
Wednesday is the 10th anniversary of Big Bull Day, the day when the Nasdaq hit the magic number of 5132.52. In hindsight we think about the day when madness peaked and ask our collective selves about our collective sanity back then. And yet, after surviving the great 2008 subprime panic, the memories of dot com feel positively quaint.
Also today: Greek PM says speculators hurt country’s borrowing costs; Brazilians slap sanctions on US; Toyota on the back foot over vehicle defect repairs; Chunnel returns a tiny profit, but profits nonetheless; State-owned Chinese publisher goes for IPO and digital future; China Southern Airlines to issue shares to pay down debt; European drug-makers forge world’s biggest animal health entity; Aer Lingus loss comes as cost-cutting rebutted by cabin crews.
When Jaguar was sold to the Tata Group by Ford, the sceptics shook their heads, and predicted that the iconic British brand would soon adorn little more than a fleet of dodgy taxis in Delhi. But nothing could be further from the truth. Without Tata, Jaguar would be in deep, deep trouble. And without Tata, Jaguar’s most convincing sports coupé would almost certainly be a thing of the past.
Also today: China stockpiles grain to ensure food security; Dubai World to ask banks to rollover debt; Toyoda meets Japanese PM over Toyota woes; Kraft shutting Cadbury factory it said would stay open; Former boss’s spat with Fujitsu sinks shares; Oil majors look to buy Australian coal-seam gas firm.
Just weeks away from a conference where it will ask for $20 billion over three years – twice the record amount ever raised for health – the Global Fund to Fight Aids, Tuberculosis and Malaria launched a report trumpeting its recent successes. The world is on the brink of eliminating mother-to-child HIV transmission, beating malaria (on a public health scale) and containing drug-resistant TB, it says. All it needs is a flood of money, in the middle of a fiscal drought.
The most commercially successful movie of all time ($2.5 billion and counting), Avatar, was not a match for a small little independent movie about the US Army explosive ordnance disposal team during the Iraqi War, which was made on a shoestring budget. There is still justice in this world.
The makers of hit HBO series Entourage seem to have gotten away with lampooning Harvey Weinstein in a legendary 2007 episode entitled "Sorry, Harvey". But can a small-time Canadian filmmaker get away with an unauthorised documentary on the most intimidating producer in Hollywood?
Also today: Referendum on Iceland’s debt to leave many stewing; Drivers allege Toyota’s sudden acceleration fixes don’t work: Greeks twisting in the wind over debt relief, sow confusion; FBI chief states the obvious over cyber-threats; American manufacturers slowly cutting out the middleman; China’s premier calls for fairer society.
Ever since Ebrahim Patel was appointed as economic development minister, he has complained bitterly about having no power. Now it appears he has some. What will he do with it?
While a criminal investigation is still underway as to who committed the fraud that put thousands of unsafe taxis on the roads, those who own them have until the end September to get their vehicles retrofitted or have them impounded. Cue thousands of operators scrambling each to raise R18,000 to comply. Not that their banks can really say no.
Nowhere in the motorverse is the rivalry as fierce as in the battle for super-sedan supremacy. And the protagonists are always the same: BMW M3, Mercedes-Benz C63 AMG, Audi RS4. But what’s this: a new upstart in the Fight club? Yes, sir – and it wears a Lexus badge.
Also today: Penguin jumps onto iPad’s scintillating promise ; Mercedes races BMW on the hybrid bends; Britain’s car sales soar in February; Taiwanese opt out of DRAM manufacturers' bailout as economy improves.
Annual results out of the Pearson media group reveal that despite a global slump in advertising, the Financial Times has posted a profit. The reason: a rise in FT.com subscriptions of almost fifty percent.
SpaceShipTwo, Richard Branson's relatively cheap answer to otherwise exorbitant commercial space travel ($200,000 a ticket vs. $21 million), is going to take off later than expected. The customers don't seem to care, though.
Wednesday's Equality Court judgment that Tito Mboweni's outburst at the Reserve Bank's 2008 meeting was not racist was welcome, mostly because it diffused another potential racial bomb. But the whole minefield still remains.
Also today: CEO’s huge payment angers many; Britain’s consumers bounce back; Million dollar prize for Toyota fix, but not from Toyoda; New twist to America’s healthcare debate; Aussie economy roaring again.
After dire warnings over the past few years, the extent of SA’s land reform failures are now tumbling out, forcing a major rethink of the policy, including some draconian measures.
Also: Struggling European car makers stalk Toyota’s market share; Greek debt smacks euro to new lows; To impress Europeans, GM hands lifeline to Opel; Euro-socialists want to stop PIGs being slaughtered; Buffet buffets the logic of the deal in shareholder note; Allied Irish Bank takes first loss.
ArcelorMittal SA (Amsa) is taking hits from all sides: the high iron ore price, the strong rand, the competition authorities. Now, its remaining big competitive advantage - an agreement to buy ore at almost absurd prices that was settled way back in 2001 as part of the restructuring of the old Iscor - is under attack.
Let’s face it – the Audi TT is a pretty car. Almost too pretty. Beautifully executed, yes. Perfectly sculpted, indeed. Like Riaan Cruywagen’s hairstyle: crisply coiffed, but too good to be true. But now there’s a TT with a much more unruly, rebellious look. It’s called the RS.
Well, for once we felt like cheering – hip-hip hooray and all that. There was some progress on the electricity front. You know, the subject that makes us hang our heads and mope around and have conversations with the razor blade in the mirror in the mornings.
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