adminGreek debt default possible without market mayhem
LONDON — Europe still has a chance of safely shepherding Greece through an increasingly inevitable default and could restore faith that investors can protect themselves against governments not repaying debt.
Time is fast running out. Greece cannot pay a 14,5 billion euro (£12 billion) bond falling due on 20 March, and a deal with bondholders needs to come well before that, because the paperwork alone takes at least six weeks.
Obama rejects oil pipeline from Canada
US President Barack Obama has rejected the proposed Keystone XL oil pipeline from Canada, saying he could not vouch for its safety by a deadline, despite intense election-year pressure.
Kodak rolls into bankruptcy
Eastman Kodak, the US-based company which brought photography to the masses over a century ago, has filed for bankruptcy protection after years of failing to become a profitable seller of modern consumer products.
The 130-year-old photographic film pioneer said it had also obtained a $950m loan from Citigroup, the US financial firm, to help keep it going.
Murdoch company to pay hacking damages in 36 cases
LONDON — Rupert Murdoch’s British newspaper company yesterday agreed to pay damages to 36 high-profile victims of tabloid phone-hacking, including actor Jude Law, soccer player Ashley Cole and former British Deputy Prime Minister John Prescott.
US legislators abandon anti-piracy bills
At least six members of the US Congress have switched sides to oppose anti-piracy legislation as protests blanketed the internet, turning Wikipedia dark and putting black slashes on Google and other sites as if they had been censored.
Beckham signs new LA Galaxy deal
David Beckham is to remain at LA Galaxy after signing a new two-year deal with the club.
24-hour Afcon channel launched
Tomorrow morning SuperSport 4 will become a 24-hour channel dedicated to the 2012 Africa Cup of Nations.
FC Platinum bosses visit Kariba camp
By Noel Munzabwa
ZIMBABWE’S Caf Champions League representatives FC Platinum’s executive will visit the team at its Kariba pre-season camp this weekend.
Bob 88 Super Cup dates set
Harare Bureau
THE final of this year’s edition of the Bob Super Cup has been set for 26 February at Rufaro Stadium, the ceremonial home of football, just a day after the main celebrations that will be held in Mutare.
Ajax Cape Town reject Mutuma
Harare Bureau
RODRECK Mutuma has failed to make the grade at South African Premiership side Ajax Cape Town, and yesterday sent a message to his Dynamos fans — The Prince is Back!