July 5, 2012
LIAT cancel flights!
LIAT wishes to advise customers, that the following flights for Wednesday July 4, 2012 have been cancelled. LI 774 Guyana-Barbados LI 362 Barbados-Antigua LI 562 Antigua-St. Maarten-Tortola-San Juan LI 561 San Juan-Tortola-St. Maarten-Nevis-Antigua…
July 5, 2012
REDjet’s bankruptcy protection expires today
It's not yet known if troubled air carrier REDjet will be seeking an extension of bankruptcy protection which expires today. The airline last month announced that it had filed for bankruptcy protection and will not be liable to pay any debts for…
July 5, 2012
Barclays credit rating outlook cut by Moody’s and S&P
Rating agencies Moody's and Standard and Poor's have lowered their outlook on Barclays from stable to negative amid the bank rate-rigging scandal. Moody's said shareholder and political pressure was creating uncertainty about the bank's future. S&P…
July 5, 2012
Bank of England pumps £50bn more into economy
The Bank of England has announced it will pump a further £50bn into the UK economy over the next four months through its quantitative easing (QE) programme to try and boost demand. QE is the Bank's scheme which aims to boost the economy by buying…
July 5, 2012
Volkswagen agrees to buy rest of Porsche for $5.6bn
Volkswagen says it has agreed a deal to buy the remaining 50.1% stake in Porsche it doesn't already own by the start of next month. VW will pay 4.46bn euros ($5.6bn; £3.6bn) plus one VW common share to acquire the stake. The two firms had agreed in…
July 5, 2012
GKN agrees to buy Volvo’s aero engines division
Engineering group GKN has agreed to buy the aero engine business of Swedish truck-maker Volvo for £633m ($986m). GKN's chief executive, Nigel Stein, said the deal was, "a highly attractive acquisition... creating a market leader in aero engine…
July 5, 2012
HTC defeats Apple in swipe-to-unlock patent dispute
HTC is claiming victory in a patent dispute with Apple after a ruling by the High Court in London. The judge ruled that HTC had not infringed four technologies that Apple had claimed as its own. He said Apple's slide-to-unlock feature was an…
July 5, 2012
UN Monitor Chief Says Team Will Adapt Syria Mission
The head of the United Nations observer team in Syria says he will adjust the way the monitors work when their mission resumes, with a focus on staying in certain areas for longer periods of time. Major General Robert Mood told reporters Thursday in…
July 5, 2012
Fukushima Nuclear Disaster ‘Man-Made’
A Japanese parliamentary panel has concluded that last year's Fukushima nuclear disaster was “man-made,” even as authorities announced the controversial return of nuclear power for the first time following the crisis. The report, based on a…
July 5, 2012
Romanian Lawmakers Move to Impeach President
A coalition of Romanian lawmakers are moving to try to impeach President Traian Basescu, as part of a power struggle with the country's prime minister. The coalition's action is the latest move in a month-long campaign of attacks by Prime Minister…