February 2, 2012
Facebook unveils $5bn stock market flotation plans
The world's largest social networking site, Facebook, has announced plans for a stock market flotation. Facebook said it would seek to raise $5bn (£3.16bn, 3.8bn euros), about half the amount many analysts expected. But the initial public offering…
February 2, 2012
Sony reports further losses as Thai floods hit sales
Japanese electronics giant Sony has reported another quarterly loss after sales were hit by lower production following the floods in Thailand. The company reported a net loss of 159bn yen ($2.1bn; £1.3bn) for the final three months of 2011,…
February 2, 2012
Caribbean Export launches regional business competition at UK-Caribbean Forum in Grenada
Two regional companies, SMAKS the West Indian Tea Company and David Weekes and Associates are the first winners of the Caribbean Export Development Agency’s Break Point. The regional business competition, which utilizes the Caribbean…
February 2, 2012
Deutsche Bank chief Ackermann fears ‘social time bomb’
The chief executive of Deutsche Bank has warned of a "social time bomb" from wealth and income inequality. Josef Ackermann, who also heads the Institute of International Finance which represents the world's banks, told the BBC that bankers had a…
February 2, 2012
India court cancels 122 telecom licences
India's Supreme Court has cancelled 122 telecommunications licences awarded to companies in 2008. The licences were issued by former minister A Raja, who is accused of mis-selling bandwidth in what has been called India's biggest corruption…
February 2, 2012
Human rights group concerned about delayed justice
Human rights lobby group, Jamaicans for Justice (JFJ), is once again raising concern about the time it takes the families of persons killed by the police, to get justice. Executive Director of JFJ, Dr. Carolyn Gomes, said cases continue to…
February 2, 2012
ECCU still seeking assistance from Trinidad for BAICO and CLICO policyholders
The Eastern Caribbean Currency Union (ECCU) continues to seek financial relief from the government of Trinidad and Tobago, both in support of policyholders as well as in support of regional institutions whose investments in British-American…
February 2, 2012
Amnesty slams Haitian judiciary for dropping Duvalier case
Haiti’s judicial authorities have dealt yet another blow to the victims of former leader Jean-Claude Duvalier, Amnesty International said this week after the criminal case against the former “president-for-life” for grave human rights violations…
February 2, 2012
Guyana residents on alert for flooding
Unusually high rainfall for the first month of the year has resulted in the East Demerara Water Conservancy reaching threatening levels. As a result, residents of the Mahaica and Mahaicony Creek were placed on alert and advised to take the…
February 2, 2012
203 local nurses for South East Region
AS part of efforts to address the shortage of nursing staff in some of the country’s public hospitals and health care centres, Health Minister Dr Fenton Ferguson said 96 locally trained nurses will be taking up employment at the Kingston Public…