the world digest
TORONTO — Canadian producer Peace Arch Entertainment is delaying the filing of its fiscal 2007 financial statements thanks to an internal audit following the Nov. 5 arrest of former CEO Gary Howam. The move technically puts the company in default of its financial reporting covenant. Peace Arch COO John Flock on Monday said the company now intends to file its year-end results with the Ontario Securities Commission on Thursday, followed by an analyst call. Toronto-based Peace Arch was to have filed the results for the year ending Aug. 31 by Nov. 29.
SINGAPORE — "Sunday in Kigali," a Canadian film by director Robert Favreau, won the Perdana award for best film Sunday at the inaugural Kuala Lumpur International Film Festival. The love story set against the horror of the Rwanda genocide in 1994 also won a best actress nod for Fatou N'Diaye. The best director award went to Charles Burnett for his film "The Struggle for Liberation," which tells of the rise to power of Namibia's first president and the country's struggle for independence from South Africa.
BRUSSELS — Nearly half or 42% of all European Union households have broadband Internet access, according to figures released today. The figures from EU statistical agency Eurostat reveal that 54% of households in the EU's 27 member countries have access to the Internet, up from 49% a year ago, while broadband connections had risen from 30% to 42% in just a year. The highest levels of Internet access were recorded in the Netherlands (83%), Sweden (79%) and Denmark (78%), with Bulgaria (19%), Romania (22%) and Greece (25%) at the bottom of the scale.