October 29, 2011
Italy sells bonds at record high of 6% at auction
Italy's cost of borrowing has reached a record high, despite the deal reached to contain the eurozone debt crisis. Italy paid 6.06% to borrow for 10 years at an auction on Friday, the most since the euro was created in 1999. The rate jumped from…
October 29, 2011
Medal drought… Jamaica end Pan Am participation with poor day on track
Guadalajara, Mexico:Jamaica's contingent here ended their participation in the XVI Pan American Games on a disappointing note yesterday. The men's 4x400 metres team was withdrawn from the final after an injury to Lansford Spence and there was a…
October 29, 2011
Directors’ pay rose 50% in past year, says IDS report
Pay for the directors of the UK's top businesses rose 50% over the past year, a pay research company has said. Incomes Data Services (IDS) said this took the average pay for a director of a FTSE 100 company to just short of £2.7m. The rise, covering…
October 29, 2011
‘Suicide bombing’ hits Turkish town
At least two people have been killed by an explosion reportedly caused by a female suicide bomber in a town in south-east Turkey. The Turkish interior ministry said the attack took place in Bingol. At least 10 people were injured, one seriously,…
October 29, 2011
WTO rejects key EU anti-dumping measures on Chinese footwear
The Dispute Settlement Body of the World Trade Organization issued a panel report on Friday, rejecting certain key anti-dumping measures of the European Union (EU) imposed on footwear imports from China. In particular, the report found Article…
October 29, 2011
David Cameron human rights plea at Commonwealth meeting
David Cameron has pressed for progress on a range of human rights issues during the Commonwealth summit. Mr Cameron told the Commonwealth Heads of Government Meeting (Chogm) in Australia that to stay relevant it must work harder to uphold basic…
October 29, 2011
Labour row grounds Qantas flights
The Australian airline Qantas is grounding all international and domestic flights with immediate effect due to an industrial dispute. A statement said all employees involved in industrial action would be locked out from Monday evening and flights…
October 27, 2011
US and OECS establish diplomatic relations
The USA and the OECS established relations at the diplomatic level on Tuesday October 25th 2011. OECS Director General Dr. Len Ishmael accepted Letters of Introduction from the United States Envoy to the Organisation of Eastern Caribbean States,…
October 27, 2011
Bahamas and Caribbean slowly recovering, says IMF
The Caribbean region, including The Bahamas, is slowly recovering from the global economic crisis…
October 27, 2011
Hurricane Rina now moving northwestward
At 7:00 pm EDT on Wednesday, satellite images and radar data from Belize indicated that the centre of hurricane Rina was located about 150 miles south-southeast of Cozumel, Mexico, and about 140 miles east of Chetumal, Mexico. According to the…