Word: africa
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...uncertain world of stock markets, there are a few events so unambiguously frightening that they guarantee an instant crash. One is a terrorist attack on the world's biggest economy. Another is a global banking collapse. South Africa has a third trigger: the departure of Finance Minister Trevor Manuel. When Manuel, 53, resigned on Sept. 23 last year, the Johannesburg Stock Exchange fell 4% in minutes. Actually, Manuel wasn't going anywhere. President Thabo Mbeki had been ousted in an internal party coup a few days earlier and protocol demanded Manuel step down before being reappointed by Mbeki's successor...
...much. According to Edward C. Green, the AIDS project director, condoms can be ineffective or harmful in preventing the spread of AIDS in Africa. And while those comments have drawn considerable controversy, Green says they only extend to the epidemic in Africa. In America, where AIDS isn't as prevalent, he says condoms have been shown to be effective to an extent...
...rollout plan for the rest of the world set. Tata Motors sells cars, trucks and buses in 16 countries in Europe, Africa, the Middle East, South America and South Asia. For now, the company only has firm plans to export the Nano to Europe starting in 2011. While the possibility of selling Nanos in the SUV-loving U.S. were once considered remote, Tata executives now say the recession is changing the buying habits of American consumers, offering an opening for economical vehicles. They have plans to develop a Nano for the U.S. in the next three years...
...hosts are likely to be either England or South Africa, officials say. A final decision could come as early as Monday. To keep the IPL in India, BCCI officials have spent weeks trying to win over state governments and launched a media blitzkrieg that equates holding the IPL with upholding the country's honor. But in the end nothing worked. "Because of the attitude of the government, that they are not ready to spare security forces for the cricket tournament ... We are forced to take the decision to move the event out of India," BCCI president Shashank Manohar told...
...Commentators have already dubbed the IPL the "NRIPL" - Non-Resident Indian Premier League and fans are outraged that the games will be played off shore. "Imagine an 'Indian' Premier League in South Africa," says self-confessed cricket diehard Nikhil Lodaya, a Mumbai-based public relations executive, "It's just too desperate!" Lodaya says he planned to watch the matches on television, so it doesn't matter if the matches are played in Mumbai or London. "But for a sport I love, it's painful to see what has happened." (Read a TIME story on the worst sporting attacks...