February 17, 2012
Asian shares up on recovery hopes amid positive US data
Asian markets have risen on hopes of a recovery in the US after the world's biggest economy reported better-than-expected jobs data. Japan's Nikkei 225 index rose 1.9%, South Korea's Kopsi gained 1.5% and Hong Kong's Hang Seng index added 1%. On…
February 17, 2012
General Motors unveils record profits for 2011
US carmaker General Motors made record profits in 2011 but unveiled huge losses in its European operations. The firm made a profit of $7.6bn (£4.85bn) over the year, up 62% from 2010. However, it lost $700m in Europe, which includes its UK Vauxhall…
February 17, 2012
Patents: Apple wins over Motorola in ‘slide-to-unlock’ ruling
Apple has won a patent dispute against Motorola Mobility regarding a "slide-to-unlock" feature on smartphones. The judgement marks Apple's first patent victory over Motorola in any part of the world. Patent consultant Florian Mueller said the ruling…
February 17, 2012
Stanford saw Antigua as “Crown Jewel”, jury hears
The former Sir R. Allen Stanford, the man US federal prosecutors accuse of a $7 billion investor scam through certificates of deposit in an offshore bank, saw his adopted country of Antigua and Barbuda as a “crown jewel.” The disclosure came from…
February 17, 2012
AG AND THE BILL
The integrity commission bill was a hot button issue as it revealed yesterday who should under law be able to make declarations and as Attorney General Hue Shepheard explained on the Governor is exempt, thus meaning himself and the CEO of the TCI…
February 17, 2012
Payroll tax cut: US Congress reaches deal
A US congressional panel has reached a tentative deal on extending a payroll tax cut, ending weeks of uncertainty. The $150bn (£95.69bn) deal extends the tax cut until the end of 2012. Both houses of congress are expected to approve the extension -…
February 17, 2012
Chinese Vice President Wins Hearts in US Heartland
Chinese Vice President Xi Jinping won the hearts of ordinary Americans during a visit to a farming community in the Midwestern state of Iowa Wednesday, 27 years after he first visited the area as a mid-level official. The man presumed to be China's…
February 17, 2012
Kosovo Serb Voters Reject Pristina Rule
Serbs in northern Kosovo cast a near unanimous rejection of a referendum on whether to recognize the country's ethnic Albanian dominated government after two days of voting. The Kosovo Serb electoral commission said 99.7 percent of voters in the…
February 17, 2012
Honduras prison fire: Huge task to identify victims
Honduras is beginning the grim task of identifying the victims of a prison fire that killed more than 350 people. As forensic experts worked to recover the charred corpses from the jail in Comayagua, hundreds of relatives remained desperate for…
February 17, 2012
REDjet boosting visitor arrivals
REDjet has had a significant impact on Barbados’ visitor arrivals from the Caribbean and Tourism Minister Richard Sealy has affirmed government’s commitment to supporting the local carrier as a result. Sealy said the decision to throw support behind…