June 28, 2012
Merkel heads to Brussels for crucial euro summit
European Union leaders are preparing to meet for a closely-watched Brussels summit on the fate of the euro. On the summit's eve, German Chancellor Angela Merkel held two hours of talks with the French President Francois Hollande in Paris. The two…
June 28, 2012
Barclays fined for attempts to manipulate Libor rates
Barclays has been fined £290m ($450m) for trying to manipulate a key bank interest rate which influences the cost of loans and mortgages. Its traders lied to make the bank look more secure during the financial crisis and, sometimes - working with…
June 28, 2012
Stockton, California to Declare Bankruptcy
Stockton, California will be the latest and largest U.S. city to seek federal bankruptcy protection. The city council voted 6 to 1 to file for bankruptcy under Chapter 9 of the federal bankruptcy code, under which a judge would decide how the city…
June 27, 2012
Lakers shop Pau Gasol
The Los Angeles Lakers have been checking around the league this week to gauge Pau Gasol's trade value, according to sources briefed on the discussions. According to ESPN.com, the Lakers have been contacting teams in an effort to acquire a top-10…
June 27, 2012
Usain Bolt to face Blake and Powell in Jamaica Olympic trial
Usain Bolt, Yohan Blake and Asafa Powell head the 100m field at the Jamaican National Senior Championships. Only the top three from 51 sprinters - including seven who have run under 10 seconds - will qualify for London 2012. Relay gold medalists…
June 27, 2012
Novak Djokovic and Roger Federer through at Wimbledon
Defending champion Novak Djokovic and six-time winner Roger Federer both booked their places in the third round at Wimbledon. Djokovic won 6-4 6-4 6-4 against American Ryan Harrison, with the match played under the Centre Court roof and finishing…
June 27, 2012
Mo Farah retains 5,000m European Championships title
Britain's Mo Farah retained his 5,000m European Championships title with a comfortable victory in Helsinki. Farah, who took gold over the same distance at last year's World Championships, won in a time of 13 minutes 29.91 seconds. Farah…
June 25, 2012
Turks and Caicos Islands Finances – “On the Road to Recovery”
The Government of the Turks and Caicos Islands has faced numerous fiscal challenges over the past 5 years since being able to achieve its last fiscal surplus in 2006/2007. Saddled with large amounts of unpaid debts and unsustainable revenue streams,…
June 25, 2012
POLICE TO INCREASE PATROLS IN BLUE HILLS
POLICE are stepping up patrols following a spate of burglaries in the Blue Hills area. Officers will be increasing their presence in the area in a bid to stamp-out property break-ins.A number of homes have recently being targeted, with three houses…
June 25, 2012
Turks And Caicos Defends VAT Introduction
The temporary government in place in the Turks and Caicos Islands has defended the decision to introduce value-added tax in the jurisdiction from next year. The temporary government, installed by UK authorities to combat alleged corruption and…