Month: April 2011

April 20, 2011

Bahamas tightens immigration rules

The Bahamas has tightened its immigration rules in favour of wealthier investors. Prime Minister Hubert Ingraham announced Monday that those applying for permanent residency will now have to spend at least US$1.5 million on a Bahamian home to get…

April 20, 2011

Apple profits nearly double as iPhone sales soar

Latest profits for the computer giant Apple beat hopes, including a…

April 20, 2011

US Stocks Close Higher in Trading Wednesday

U.S. stock indexes closed higher in trading Wednesday. The Dow Jones Industrial Average was up 1.52 percent to close at 12,454. The broader S&P 500 index rose 1.35 percent to 1,330, while the NASDAQ climbed 2.1 percent to end the day at……

April 20, 2011

China to build 55 airports in five years

China plans to increase its total number of airports from 175 to 230 over the next five years, according to senior aviation officials in China. Li Jiaxiang, head of the Civil Aviation Administration of China (CAAC), commented on the aviation…

April 20, 2011

Toyota making drastic production cuts after Japan quake, tsunami

Toyota has announced drastic production cuts in North America and China due to…

April 20, 2011

Italy, France sending troops to advise Libyan rebels

France and Italy announced Wednesday that they will send military officers to…

April 20, 2011

Afghan Officials Try to Recoup Kabul Bank Loan Money

Afghanistan's top banker says officials have increased efforts to recover hundreds of millions of dollars in loans made by the country's biggest lender, Kabul Bank, but they have only collected about five percent of the total so far. Kabul Bank…

April 20, 2011

Gold Again Tops $1,500 an Ounce

The price of gold set a record high for a second straight day Wednesday as investors looked for an alternative to a weakening U.S. dollar. Various unsettling events in the world in the last few months — such as the political unrest in the Middle…

April 20, 2011

Eritreans Rally in Ethiopia to Demand Afwerki Ouster

Hundreds of Eritrean exiles rallied in neighboring Ethiopia Wednesday to demand the ouster of what they call Eritrea's repressive government. More than 600 Eritreans gathered in the Ethiopian capital, Addis Ababa, wearing hats printed with the…

April 20, 2011

US Official Confident Congress Will Pass Trade Deals

U.S. Trade Representative Ron Kirk says he is confident lawmakers will approve free trade agreements with Panama, Colombia and South Korea. However, Kirk said Wednesday he thought it was “highly unlikely” the Obama administration would submit the…