World Briefing | Africa Zimbabwe Mugabe Vows to Fight

All Africa - Friday 5th July, 2013

President Robert Mugabe warned Friday that if the Southern African Development Community (SADC) 'decides to do stupid things' in connection with Zimbabwe's elections then the country will move out of the regional body. Mugabe was addressing ZANU PF supporters at the launch of the party's manifesto in Harare on Friday. He was speaking a day after the Constitutional Court ...

Funding for Hasty Zimbabwe Elections Still Elusive

VOA - Friday 5th July, 2013

WASHINGTON -- Finance Minister Tendai Biti says Zimbabwe is still struggling to raise money for this year?s general election despite President Robert Mugabe?s hasty move to have the polls on July 31. Biti says Harare needs US$132 million for the elections. "We are working on a budget of $130 million. We do not have this money at all. We have been doing a number of things and ...

Mugabe Threatens to Pull Zimbabwe Out of SADC

VOA - Friday 5th July, 2013

HARARE -- Zimbabwe's President Robert Mugabe launched his campaign to extend his 33 years in power on Friday by threatening to pull his country out of the Southern African Development Community (SADC), accusing the group of bias after it recently asked him to postpone the election. "We are in SADC voluntarily," Mugabe said, warning the 15-nation group against interfering in ...

Mugabe warns Zimbabwe could exit bloc

News.com.au - Friday 5th July, 2013

PRESIDENT Robert Mugabe has launched his re-election campaign with a fiery warning to a 15-member southern African regional bloc that Zimbabwe could pull out amid demands for a free and fair ...

Zimbabwes President Mugabe vows to put up the fight of our lives in crucial upcoming polls

Canada.com - Friday 5th July, 2013

A child views an armed soldier as a crowd of supporters gathers to listen to a speech by Zimbabwean President Robert Mugabe at the launch of his party election campaign in Harare, Friday, July, 5, 2013. Mugabe who is set to contest against his main rival Morgan Tsvangirai in aN election set for July 31 urged his party supporters to Vote for him in the crucial election. (AP Photo/Tsvangirayi ...

Cornered MDC-T Candidate Vows to Take Part in Elections

VOA - Friday 5th July, 2013

MUTARE -- Former Mutare mayor Brian Leslie James says he will not pull of this year?s election following a letter purportedly written by the party?s secretary general, Tendai Biti, asking him to withdraw his nomination papers for Mutare?s Murambi Ward 12 council seat. James told VOA Studio 7 on Friday that he is not going back on his decision to stand as a candidate for the ...

FIFA Pushes ZIFA to Trim 13 Member Board

VOA - Friday 5th July, 2013

HARARE -- The international football controlling body, FIFA, has ordered the cash-strapped ZIFA to trim its board to make it more efficient. The ZIFA board is made up of 13 members and the international football controlling body feels such a huge board cannot operate efficiently and have ordered ZIFA to trim the board to required levels. James Johnson, FIFA point person responsible for ...

Mugabe warns Zimbabwe could leave SADC

Mail and Guardian - Friday 5th July, 2013

"Let it be known that we are in SADC [the Southern African Development Community] voluntarily. If SADC decides to do stupid things, let it be known that we can withdraw from SADC," he told a rally on Friday. The regional bloc had pressed Mugabe to roll back his decision to hold elections on July 31, in order to allow time for reforms to the electoral roll and that would limit the ...

Zimbabwes Mugabe launches fight for life poll campaign

General Sources - Friday 5th July, 2013

View Photo Reuters/Reuters - Supporters cheer Zimbabwean President Robert Mugabe as he arrives to launch his ruling ZANU PF party's election manifesto in the capital Harare July 5, 2013. REUTERS/Philimon ...

MDC Zapu Strike Election Pact Ahead of General Polls

VOA - Friday 5th July, 2013

BULAWAYO -- The Movement for Democratic Change (MDC) formation led by Professor Welshman Ncube and Dumiso Dabengwa?s Zapu on Friday announced an election pact in which they have agreed, among other concessions, to support each other?s candidates where one party has not fielded anyone and drop some candidates to remain with one where possible. Addressing a press conference in ...

Mugabe makes SADC threat

iafrica.com - Friday 5th July, 2013

President Robert Mugabe launched his re-election campaign Friday with a warning to a 15-member southern African regional bloc that Zimbabwe could withdraw amid demands for a free and fair vote."Let it be known that we are in SADC (the Southern African Development Community) voluntarily. If SADC decides to do stupid things, let it be known that we can withdraw from SADC," he told a ...

Zimbabwe court upholds date of elections

Middle East Times - Friday 5th July, 2013

Constitutional Court unanimously rejected five appeals to delay elections that are set for July 31, court officials said Friday. Chief Justice Godfrey Chidyausiku said reasons for rejections would be announced later, The Herald reported. Prime ...

Kohli named India captain for Zimbabwe tour

eTaiwan News - Friday 5th July, 2013

India team on a limited-overs tour of Zimbabwe this month.Kohli is captain of the team currently playing in a tri-series in the Caribbean in the absence of regular skipper Mahendra Singh Dhoni, who went home after the first match due to a hamstring ...

New Telecel Promo Rewards Suspended Subscribers for Reactivating Lines

All Africa - Friday 5th July, 2013

Telecel has introduced yet another promotion, the Sim Card Reactivation promo which gives suspended subscribers a total of $20 in bonuses for reactivating their dormant lines. The promotion, which was launched today (Friday) is giving a $10 welcome bonus to subscribers who reactivate their dormant lines and an additional $10 bonus for on-net calls immediately after they have recharged and used ...

Virat Kohli to lead Team India in Zimbabwe

Times of India - Friday 5th July, 2013

Virat Kohli will lead Team India during the five-match ODI series in Zimbabwe, starting July 24, as regular captain MS Dhoni has been ruled out due to injury. Dhoni had suffered hamstring injury during the tri-series clash against West Indies at Kingston. The selectors on Friday announced the Indian team for ...

Zanu-PF Rolls Out Poll Campaign Manifesto Today

All Africa - Friday 5th July, 2013

ALL roads today lead to the historic Zimbabwe Grounds in Highfield, Harare, the cradle of nationalist politics where President Mugabe will launch the Zanu-PF manifesto and election campaign for harmonised elections due end of this month. Addressing his party's Central Committee and Election 2013 candidates at the Zanu-PF national headquarters in Harare yesterday, the President described ...

Hot Seat - Interview Beatrice Mtetwa

All Africa - Friday 5th July, 2013

who was in London recently to launch the film about her work in Zimbabwe, 'Beatrice Mtetwa and the rule of law.' The award winning lawyer is currently on trial for allegedly insulting the police while trying to defend her clients. She talks about the rule of law ahead of elections and explains how 'the abnormal has become normal.' How independent are the Constitutional Court ...

Harare Lawyers Case - Principal Examiner Gives Evidence

All Africa - Friday 5th July, 2013

The trial of a Harare lawyer accused of conniving with a former workmate to swindle her husband of shares in a security firm continued yesterday with the principal examiner of the Registrar of Companies giving evidence. Businessman and former Dynamos Football Club secretary Mr Brian Kashangura's wife Gilliet Sarudzai Kashangura is being charged together with Zvichapera Nyamadzawo for ...

Support Unit Ready for Elections

All Africa - Friday 5th July, 2013

The police is ready to maintain peace and order during and after the country's elections, a senior Zimbabwe Republic Police Support Unit official has said. In an interview on the side-lines of a farewell party for retiring Assistant Commissioner Obert Benge on Wednesday, Officer Commanding Support Unit Senior Assistant Commissioner Mekia Tanyanyiwa said the support unit was ready for the ...

Chiefs Urged to Promote Health

All Africa - Friday 5th July, 2013

CHIEFS have been urged to promote sexual reproductive health rights because they are the custodians of Zimbabwe's largest population. Local Government, Rural and Urban Development Minister Ignatius Chombo said in a speech read on his behalf by the director of traditional leadership support services in his ministry Mr Fanuel Mukwaira at a chiefs seminar in Harare that traditional leaders ...

Six Killed in Beitbridge Accident

All Africa - Friday 5th July, 2013

Crime Reporter SIX people died on the spot and one of them was burnt beyond recognition, while 23 others were injured when a bus they were travelling in from South Africa side-swiped with a haulage truck along the Beitbridge-Masvingo Road yesterday morning. The accident occurred at around 6am near the 59km-peg along the road and the bus which had 54 passengers on board was heading towards ...

President Appoints New ZOU Council Members

All Africa - Friday 5th July, 2013

President Mugabe has appointed a new Zimbabwe Open University council with seven members from the old council being retained. Director of the Institute of Continuing Health Education Mr Christopher Samkange would chair the council and be deputised by corporate law specialist Mr Julius Chikomwe. Old members in the council include Higher and Tertiary Education secretary Dr Washington Mbizvo, Mrs ...

Source: http://www.zimbabwenews.net/index.php/sid/215657604/scat/4a6d634cbccbbfe2

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Samsung ships 20 million Galaxy S4s

Two months on, Samsung's shifted 20 million devices worldwide

Samsung has shifted 20 million Galaxy S4 smartphones in the just over two months since the device first went on sale, company co-CEO JK Shin has told the Korean press. To put that in perspective, the first month of availability for the S4 yielded 10 million shipments, while last year's Galaxy S3 took 100 days to reach the 20 million milestone.

Of course, shipping a phone isn't the same as selling it to an end-user. However shipped devices have to go somewhere, and the number shows that Samsung's partners at the very least are keen to snap up the device.

Samsung also reported Galaxy S4 sales of 500,000 in its domestic market of South Korea.

via SamMobile

Source: http://feedproxy.google.com/~r/androidcentral/~3/01bZPtwb2Bs/story01.htm

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Apple Seeks Patent For Waze-Style Crowdsourced Navigation That Could Boost iOS Maps

The US Patent Office has just published a new patent application by Apple that integrates crowdsourced traffic data for real-time information about road conditions, similar to what Waze does. Waze, which was just acquired by Google, seeks user input on changing road conditions, and rewards users for making accurate reports. Apple's patent also offers route choices based on criteria like "Scenic Route, Light Traffic, No Construction" and more that are also rated and reviewed by users.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/VCdxF3kml8U/

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Immigration bill's border focus leaves some liberals wary (cbsnews)

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Stocks rise; Dow starts new quarter nearly 100 points higher

stocks

JeeYeon Park CNBC

16 hours ago

Stocks rose on Monday to kick off the first day of the third quarter with a modest rally, boosted by a pair of better-than-expected economic reports.

Traders said the S&P 500 was hitting an area of resistance around its 50-day moving average of 1,624. Meanwhile, protest in Egypt also put pressure on the market.

The Dow Jones Industrial Average, which at one point in the day was 150 higher, eased back to close up 65 points, at 14,974.96, led by United Tech and American Express.

The S&P 500 and the Nasdaq also rallied. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, slipped near 16.

Most key S&P sectors were higher, led by materials and techs, while utilities slipped.

Major averages closed higher for the second quarter and the Dow posted its strongest first-half performance of any year since 1999. So far for the year, the Dow has surged more than 14 percent, while the S&P 500 and Nasdaq have spiked more than 13 percent each.

"History is a little bit in our favor?when you have a good first-half, the second half tends to show some follow through, but this may be a difficult year to figure out because we'll have the lag of sequestration, everyone trying to figure out where the Fed is going," said Art Cashin, director of floor operations at UBS Financial Services.

(Read More: For Stocks, Last 6 Months Could Be Tough to Match)

On the economic front, manufacturing activity edged higher in June to 50.9, according to the Institute for Supply Management, a hair above expectations for 50.5. A reading above 50 indicates expansion in the sector. However, hiring in the sector fell to the lowest since September 2009.

And construction spending rose 0.5 percent in May to an annual rate of $874.9 billion, rising to its highest level in nearly four years, according to the Commerce Department.

(Read More:The Market's Next Worry? The June Jobs Report)

Japanese shares were boosted by a survey which showed corporate sentiment had turned positive for the first time in two years, as optimism about Prime Minister Shinzo Abe's radical stimulus policies offset concerns about recent market volatility.

"The risk is that the economy may be doing well enough that it actually dis-incentivizes the drive for structural reform. That would certainly lead to a dampening of market sentiment," said Alistair Newton, senior political analyst at Nomura.

(Read More: Will the Strong Tankan Send Abenomics Off Course?)

However, data from China showed that industrial activity continued to decline in June, amid concerns about overcapacity and weak demand.

"I think the story for China is basically that there is not any story left. Economic activity has peaked and we think that data will surprise on the downside," said Sailesh Jha, chief strategist at Arcus Capital Singapore.

This week will be an extremely light on earnings, ahead of the official start of the second quarter earnings season on July 4. No major companies are expected to report results before the start of trade on Monday.

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Ex-KPMG partner pleads guilty in trading case

LOS ANGELES (AP) ? A former partner at the giant accounting firm KPMG LLC pleaded guilty Monday to a securities fraud charge that authorities said involved providing insider information to a friend who plied him with cash, a Rolex watch and other luxury items.

Scott London entered the plea in U.S. District Court in Los Angeles to the felony count that carries a maximum 20-year prison term. He's scheduled to be sentenced on Oct. 21. His attorney could argue for a lesser sentence.

Prosecutors said London gave privileged information to friend and jewelry store owner Bryan Shaw over several years.

Shaw then used the information to trade in advance of announcements for KPMG clients such as Herbalife Ltd. and Skechers USA Inc., authorities said. He is estimated to have reaped more than $1 million in profits.

Shaw has pleaded guilty to one count of conspiracy and could face up to five years in prison when he is sentenced. In his plea agreement, London acknowledged that he disclosed inside information to Shaw regarding at least 14 separate earnings announcements or acquisitions for KPMG clients.

London discovered that he was the target of an investigation when the FBI came to his home early this year with a picture of him accepting cash from Shaw, according to his lawyer, Harland Braun. London then spoke with investigators for three hours.

After the plea hearing, Braun said London's motivation was personal, trying to help his longtime friend Shaw when his jewelry business was foundering.

"The families went on vacations together," said Braun. "Shaw said his business was in deep trouble and Scott did something stupid to help him."

The lawyer said London received payments and gifts from Shaw totaling about $50,000 over two years and believed his friend had made no more than $200,000 on his trades. London was shocked when he found out that Shaw had made $1.2 million, Braun said.

A brokerage firm, suspecting irregularities in Shaw's trades, contacted the FBI and Securities Exchange Commission. Shaw then agreed to cooperate with authorities in wiretapping and photographing his friend. The men were photographed exchanging a paper bag of cash in an alley near Shaw's Encino jewelry store, authorities said.

After London was confronted by investigators, he acted quickly to make it clear he was the only person involved in leaking information from the company, Braun said, explaining a prolonged investigation could have damaged the company and its clients.

"He put his clients and his firm first and decided to do the right thing," Braun said.

London had a distinguished 30-year career at KPMG. He supervised more than 500 accounting professionals at the firm and personally handled audits for major KPMG clients. He will no longer be allowed to practice as a CPA.

The SEC is seeking unspecified penalties and restitution against London and Shaw.

Source: http://news.yahoo.com/ex-kpmg-partner-pleads-guilty-trading-case-192336611.html

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Egypt must engage in 'serious national dialogue', U.N. says

GENEVA (Reuters) - The U.N. human rights office called on President Mohamed Mursi on Tuesday to listen to the demands of the Egyptian people and engage in a "serious national dialogue" to defuse the political crisis.

Rupert Colville, spokesman of U.N. High Commissioner for Human Rights Navi Pillay, also said the role of the military, which gave Mursi a 48-hour ultimatum on Monday to resolve the impasse after mass anti-government protests, was crucial.

"We call on the president of Egypt to listen to the demands and wishes of the Egyptian people expressed during these huge protests over the past few days, and to address key issues raised by the opposition and by civil society in recent months," he told a news briefing in Geneva.

"We urge all political parties and social groups in Egypt to urgently engage in a serious national dialogue in order to find a solution to the political crisis and prevent an escalation of violence."

Asked about the role of the military, Colville said: "We're talking hopefully about a newly developing democracy in Egypt, so obviously what the military does or doesn't do is crucial. Nothing should be done that would undermine democratic processes in the country."

Mursi has rebuffed the army ultimatum to force a resolution, saying on Tuesday he had not been consulted and would pursue his own plans for national reconciliation.

"Egypt's democracy is obviously very fragile and nobody wants to see it collapse or fall apart in some way," Colville told Reuters Television.

(Reporting by Stephanie Nebehay and Vincent Fribault; Editing by Alison Williams)

Source: http://news.yahoo.com/egypt-must-engage-serious-national-dialogue-u-n-092550059.html

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