June 3, 2012
Barbados Senator says adjustment will aid economy
SENATOR Andre Worrell has lauded the adjustment made and acknowledged the benefits accrued to the economy from the increase of the Value Added Tax in Barbados, during challenging economic times. He added his contribution to the debate on…
June 3, 2012
Eurozone unemployment rate sticks at 11%
Unemployment in the eurozone was 11% in April, unchanged from March, but still the highest since records began in 1995. Spain had the highest rate in the eurozone at 24.3%, while Austria had the lowest at 3.9%, according to the official figures…
June 3, 2012
BP plans to sell stake in TNK-BP
BP has announced that it is going to try to sell its stake in the TNK-BP Russian oil joint venture. In a short statement, the oil company said it had received “unsolicited indications of interest” in acquiring its shares. BP has informed the…
June 3, 2012
Spain’s manufacturing sector sees contraction worsen
The rate of contraction in Spain's manufacturing sector was worse than that of Greece in May, according to a business survey. Markit's eurozone manufacturing purchasing managers' index for the whole eurozone dropped to 45.1 from 45.9 in April. Any…
June 3, 2012
Diamond Jubilee: River Thames pageant to honour Queen
The Queen's Diamond Jubilee weekend will reach its peak later on Sunday with a colourful River Thames pageant. Hundreds of thousands of people will line the banks of the river to watch the Queen cruise past on a royal barge escorted by a…
June 3, 2012
Cargo plane hits bus in Ghana airport crash
A cargo plane has crash landed in Ghana's capital Accra, hitting a bus full of passengers, officials say. Ten passengers on board the bus were reported to have been killed while all four crew members survived. Local TV showed the heavily damaged…
June 3, 2012
US Drone Strike Kills 5 Militants in Pakistan
Security officials in Pakistan say a U.S. drone strike has killed at least five militants in the country's northwestern tribal district. Authorities say four missiles were fired into a village Sunday near the Afghan border. Officials say the…
June 3, 2012
Thousands in Egypt Protest Mubarak Verdict
Thousands of Egyptians took to the streets across the country late Saturday to protest the verdicts in the trial of former president Hosni Mubarak, former interior minister Habib al-Adly and six top security officials. The ousted leader was found…
June 1, 2012
News: Wyclef Jean
Rapper Wyclef Jean will perform “The Star Spangled Banner” during a tribute performance to Jimi Hendrix at SummerStage in New York. The SummerStage Gala titled “The Music of Jimi Hendrix” will take place at Rumsey Playfield next week, where Bebel…
June 1, 2012
Venezuela bans private gun ownership
Venezuela has brought a new gun law into effect which bans the commercial sale of firearms and ammunition. Until now, anyone with a gun permit could buy arms from a private company. Under the new law, only the army, police and certain groups like…