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Australia raises interest rates to 3.5%

The investigation committee will be chaired by Robert Waley-Cohen, a racecourse steward. An inquest into Davis's death will be opened and adjourned in Newark today. Having been reported to have recovered from a hamstring strain, his captain, Wasim Akram, let it be known that the fast bowler will need a strenuous work-out today to establish his level of fitness. His third half- century in four innings contained a dozen superbly struck boundaries and if Pakistan were not so confident that Saeed Anwar will have recovered from his stomach upset, he might well have been in with a chance.The news is not so good for Waqar Younis.

There were four thumping sixes, the last of which took the tourists to the total required with more than 20 of their allotted 90 overs remaining.The result belied Kent's lofty position in the Championship table, but there were some bright spots, notably Graham Cowdrey's catch in the morning to dismiss Aamir Sohail. The celebrations were wild, but in the next session and a half Kent were tamed.Ijaz muscled in and bustled around as he and Shadab smashed the Kent bowlers to all parts of the St Lawrence Ground in a fine second- wicket stand of 186.It was a shame that Shadab could not stick around, but he became the unlikely victim of Cowdrey, who easily outdid his morning celebrations when Trevor Ward snapped up a catch at slip to send Shadab back into the pavilion after four hours out in the middle. There was a fearsome century from Ijaz Ahmed, who was obligingly allowed to bat himself into form and the confirmation, if any were needed, that Shadab Kabir is a fine prospect. Kent paid for some poor batting which left a straightforward target, one which Ijaz's power play reduced to inadequacy in his 163-ball innings. Kent 262 & 200 Pakistan 194 & 269-2 Pakistan win by eight wickets The Pakistanis were able to iron out the problems in their build-up to Thursday's first Test against England at Lord's on a shirt-front of a wicket with not a single crease to distract the batsmen from their task. Jones sent in Phil DeFreitas next, hoping the England all-rounder would continue in the vein of his 29-ball Sunday fifty, but the move not only backfired but had a domino effect.Against friendly bowling earlier, John Cawley finished 97 not out, setting up the declaration in the absence of the England captain, Mike Atherton, who had been called as a witness in the Imran Khan libel hearing at the High Court..

Scoring 34 runs off just 16 balls, the England strike bowler saw them home by two wickets with three balls to spare.Coming in at 240 for 7 with less than six overs remaining, Cork announced himself with a six off the left-arm spinner, Gary Keedy, but it was against the same bowler in the penultimate over of 65 that he swung the balance Derbyshire's way, hitting two fours and a six among 17 runs, blotting his copybook only when an ill-judged call for a second run on a misfield caused Karl Krikken to be run out.By then, however, only two were needed off the last six balls and it would have taken an exceptionally good over by Mike Watkinson to deny them.Derbyshire's wobble followed the departure of their captain, Dean Jones, whose third century of the Championship came in a third-wicket partnership of 198 with his predecessor, Kim Barnett. Lancashire 587-9 dec & 174-3 dec Derbyshire 473-8 dec & 289-8 Derbyshire win by two wickets Having enjoyed almost two energy-sapping days in the field at the start of this match, Derbyshire were rewarded for their patience with their third Champ- ionship victory in four - and fifth place in the table - although amid rather more anxiety than they can have envisaged at five o'clock. At that point, with the minimum 16 overs left, Derbyshire were 204 for 2. With the outfield parched and the pitch providing no great assistance to Lancashire's spinners, the target of 289 offered by the home side's declaration at lunch looked well within their scope.But the loss of five wickets for 20 runs changed the complexion of the match and Derbyshire were grateful that Dominic Cork had the confidence to take matters into his own hands. Young, capped at union by Wales and the Lions, has joined Cardiff from Salford for pounds 65,000 but cannot play until after the Super League season finishes on 8 September.. Terrestrial television just has to find a way to compete in an open market and the game has to come to terms with the inevitable.David Young, the Wales Rugby League captain, has been offered a pounds 30,000 international squad contract by the WRU, making him the first player returning from the 13-a-side game to be given such a deal. The RFU thinks that Sky could be persuaded to grant rights for an even split for the 10 Five Nations matches.That could well appease the Welsh, especially with the possibility of terrestrial television broadcasting live Wales versus England at Cardiff.Sky's involvement in the game is unavoidable.

Were France to chip in its pounds 21m, the split would approach pounds 120m between the five, around pounds 24m per year for the next five years.If the other countries agree to this proposal, all that then remains is to work out a satisfactory compromise to allow terrestrial television a share of the Five Nations live broadcasting rights. While England was happy to sell its rights for all matches, representative and club, on English soil to BSkyB, the other unions - France having secured its own deal, worth around pounds 7m for each of the next three years - have so far eschewed the option of accepting some pounds 96.5m from Sky.That sum may even be increased by Sky, which has offered Wales pounds 40.5m and Ireland and Scotland pounds 28m each. If England are to be restored to the competition - and the negotiating powers of the Rugby Football Union president, John Richardson, and Cliff Brittle, the chairman of the executive, will be tested to the full - it should open the way for more prolonged - heated even - discussion on the issue of television broadcasting rights. However, any talks will not come down simply to a matter of the RFU fobbing off the other four nations - always assuming France wants to come in for a share of the pot - with a hand-out from its pounds 87.5m deal with BSkyB, expected to be around pounds 40m.At the root of it all is the vexed question of satellite television and its exclusivity. That is an essential preliminary to what is to follow if the future of the Five Nations, and indeed northern hemisphere rugby, is to be safeguarded. Tonight representatives of the four home unions, headed by their presidents, meet in Cardiff where they will discuss reinstating England.