The streets of Durban will come alive with excitement on Sunday, 20 July 2014 with thousands of runners joining forces and taking on the fun filled Totalsports Ladies Race in celebration of the upcoming National Women’s Day. With two events to choose from, a 5km run/fun walk and a 10km run/fun walk, the Totalsports Ladies [...]Women’s Day Ladies race in July is a post from: Time-to-Run South Africa



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An apple a day. When children get the opportunity to pi […]

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Blue skies, a star-studded field, and the empowering spirit of the world’s original all-women’s road race gave Molly Huddle all the motivation she needed to set a new American all-women’s 10K road record at the Oakley New York Mini 10K* in Central Park. Huddle, 29, a 2012 U.S. Olympian who holds the national record at [...]Molly Huddle wins New York Mini 10K is a post from: Time-to-Run USA



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The recent survey1 undertaken by charity, Music for All (MfA) reveals the importance people place on the provision of music lessons and opportunities in schools. Over 90% of respondents believed it was ‘very or quite important’ that the Government continues to financially support this. It is clear they recognise the countless benefits music brings to... Read MoreMusic for All Survey 2014 is a post from: GigMenu



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Sandy Nairne has decided to step down in February 2015 as director of the National Portrait Gallery, London, after 12 years, to pursue his writing and advisory work, it was announced this week, Thursday 12 June 2014. National Portrait Gallery Sandy Nairne says: ‘It has been a great privilege to lead such a...

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On June 9, 2014, shares in JP Morgan Fleming Emerging Markets Investment Trust PLC (JP Morgan Fleming) moved up 0.54% to end the trading session at...

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Platinum producers have announced that an 'in principle' agreement has been reached in the five-month strike over wages.Mining companies Amplats,...

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In just three years the number of Chinese holidaying abroad has soared from 60 million to 100 million – but the avalanche is likely to expand to 200 million a year by the end of the decade, says CLSA analyst Aaron Fischer. Their spending on foreign holidays will triple. What shares are plays on the [...]Investing in Chinese tourism is a post from: Global Travels



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South Africa’s Judge Albert Hoffmann has been re-elected to the International Tribunal for the Law of the Sea (ITLOS).

The elections were held on Wednesday at the United Nations Headquarters, in New York, during the Meeting of States Parties to the United Nations Convention on the Law of the Sea.

Since 2005, Hoffmann has been a judge of ITLOS, and in 2011 he became Vice-President of the Tribunal.

During yesterday’s elections, he obtained the highest number of votes (154 of 156 States present and voting) and will serve on the Tribunal for a further period of nine years.

“The South African government was pleased to present the candidature of Judge Hoffmann in view of his extensive experience and expertise in international law generally and law of the sea in particular,” International Relations and Cooperation Department said on Thursday.

The ITLOS is an independent judicial body established by the United Nations Convention on the Law of the Sea to adjudicate disputes arising out of the interpretation and application of the Convention of the Law of the Sea.

The Tribunal is composed of 21 judges elected from among persons enjoying the highest reputation of fairness and integrity and of recognised competence in the field of the Law of the Sea.

Judges are also representative of the principal legal systems of the world. - SAnews.gov.za

U.S. chipmaker Intel lost on Thursday its challenge against a record 1.06 billion euro ($1.44 billion) European Union fine handed down five years ago, as Europe's second highest court said regulators did not act too harshly.

The European Commission in its 2009 decision said Intel tried to thwart rival Advanced Micro Devices (AMD) by giving rebates to PC makers Dell, Hewlett-Packard Co, NEC and Lenovo for buying most of their computer chips from Intel.

The EU competition authority said Intel also paid German retail chain Media Saturn Holding to stock only computers with its chips.

Judges at the Luxembourg-based General Court said on Thursday they backed the Commission's decision.

"The Commission demonstrated to the requisite legal standard that Intel attempted to conceal the anti-competitive nature of its practices and implemented a long term comprehensive strategy to foreclose AMD from the strategically most important sales channels," the court said in a near 300-page decision.

Judges said the EU watchdog had not been heavy-handed with the level of the fine, equal to 4.15 percent of Intel's 2008 turnover, versus a possible maximum of 10 percent. While Commission penalties rarely hit the top figure, the rising level of fines is a source of worry for many companies.

"The General Court considers that none of the arguments raised by Intel supports the conclusion that the fine imposed is disproportionate. On the contrary, it must be considered that that fine is appropriate in the light of the facts of the case," judges said.

Intel, which can take its case further to the Court of Justice of the European Union but only on points of law, declined to say whether it would do so.

"We are very disappointed about the decision. It's a complex case which is reflected in the decision. We will begin evaluating the decision," Intel spokeswoman Sophie Jacobs said.

BETTER OUT OF COURT?

The Commission welcomed the ruling, as did consumers' lobbying group BEUC.

"When large companies abuse their dominance of the market, it causes direct harm to consumers. The court's ruling issued a strong reminder that such behaviour is illegal and unacceptable," said BEUC director-general Monique Goyens.

The court's judgement suggests companies would be better off settling antitrust charges instead of fighting them, said Martina Maier, a partner at law firm McDermott Will & Emery.

"Companies under investigation by the Commission should not count on winning in court with the argument that the Commission would not have properly assessed the economic effects of an abuse of dominance," she said.

"This might well lead to a supplementary incentive for a company under investigation for an alleged abuse of dominance to settle with the Commission or to offer commitments in order to motivate the Commission to end its investigation."

Samsung recently settled EU charges while Google has also clinched a deal with the Commission.

The case is T-286/09, Intel vs Commission.