July 11, 2012
Anniversary of the Peg of the EC Dollar
July 7th marked 36 years since the EC dollar has been pegged to the US dollar at a fixed rate of EC$2.70 to US$1.00.Deputy Governor of the Eastern Caribbean Central Bank, Mr Trevor Brathwaite says the stability of the EC dollar provides the citizens…
July 11, 2012
China cuts retail fuel price by 5% as oil demand falls
China, the world's second biggest consumer of fuel, has cut retail oil prices by about 5% with immediate effect. This is the third cut in two months, and some analysts say could be an attempt to increase fuel consumption. Demand for oil fell for the…
July 11, 2012
Apple brings new iPad to China after trademark dispute
Apple has said it will start selling the new iPad in China on 20 July, after it settled a dispute involving rights to the "iPad" name in the country. Apple agreed to pay $60m (£38m) earlier this month to Chinese firm Proview, which claimed it had…
July 11, 2012
US brokerage PFG files for bankruptcy
US futures broker Peregrine Financial Group, which has been accused of fraud, has filed for Chapter 7 bankruptcy, meaning it will be liquidated. Its accounts were frozen on Monday following the attempted suicide of its founder, Russell Wasendorf……
July 11, 2012
Spanish PM Rajoy Mariano urges more cuts amid protests
Spanish PM Mariano Rajoy has announced a sales tax rise as part of austerity measures aimed at cutting the public budget by 65bn euros (£51bn; $80bn). He said it would go up to 21% from 18% and there would be a 3.5bn euro cut in local authority…
July 11, 2012
DR Congo conflict: UN ‘to protect Goma from rebels’
UN peacekeepers are being redeployed to Goma in the Democratic Republic of Congo to protect the city from mutineers, the country's UN envoy says. Roger Meece said he was determined to protect population centres in the east from advancing rebels of…
July 11, 2012
Egypt court overturns President Mursi parliament order
The highest court in Egypt has overturned a decree by President Mohammed Mursi to recall parliament. Mr Mursi had issued the decree in defiance of a military council ruling that dissolved parliament. Members of parliament gathered for a brief…
July 11, 2012
US Secretary of State Hillary Clinton on historic Laos visit
Hillary Clinton became the first US secretary of state to visit Laos in 57 years, in a historic trip discussing economic ties and unexploded bombs. Arriving in the capital Vientiane from Vietnam, she met Prime Minister Thongsing Thammavong and…
July 9, 2012
EDITORIAL: TAXATION AND NO REPRESENTATION
I grew up hearing about, and when I was able to read, reading about the American war for Independence and the Boston tea party affair. The spark that lit the fire for those incidents of history was the imposition of taxes on the American people…
July 9, 2012
VAT BILL PASSES ADVISORY COUNCIL
The VAT Bill passed its reading with the Turks and Caicos Islands Advisory Council at yesterday’s session on Grand Turk, Wednesday 4 July. Acting Governor Patrick Boyle headed the session which saw the Bill passed to the Consultative Forum for…