October 25, 2012
Former Goldman Sachs board member jailed for two years
A former Goldman Sachs board member who was found guilty of four criminal counts of insider trading has sentenced to two years in jail. Rajat Gupta, 63, had leaked boardroom secrets to Raj Rajaratnam, a former hedge fund manager now serving 11 years…
October 25, 2012
Hong Kong weakens local currency again
Hong Kong's central bank has intervened in financial markets again, weakening the value of its currency after it jumped in value. This follows similar moves on Sunday and pushes the total cost of intervention in the past week to 14.3bn Hong Kong…
October 25, 2012
Nike sells Umbro to Iconix Brand Group for $225m
Sportswear giant Nike has agreed a deal to sell UK sports brand Umbro to US clothing company Iconix Brand Group for $225m (£140m). Nike announced earlier this year it was looking to sell the Cheadle, Manchester-based firm, which specialises in…
October 25, 2012
Israel and Hamas ‘negotiate unofficial truce’ in Gaza
Israel and Hamas, the Palestinian militant movement controlling Gaza, are said to have reached an unofficial ceasefire after days of deadly attacks. The truce was negotiated with the help of Egypt but its exact terms and duration remain unknown, the…
October 25, 2012
Syria government ‘agrees to Eid al-Adha ceasefire’
Syria's government and most opposition groups have agreed to a ceasefire during this weekend's Eid al-Adha holiday, the UN's peace envoy has said. Lakhdar Brahimi said he hoped to use the lull in fighting to "discuss a longer and more effective…
October 25, 2012
White House knew of extremist claims in Benghazi attack
Two hours after first being notified of an attack on the U.S. diplomatic mission in Benghazi, Libya, a government e-mail to the White House, the State Department and the FBI said an Islamist group had claimed credit, according to a copy obtained by…
October 25, 2012
Terrorist Sentenced to 37-Year prison Term in ‘Millennium’ Bomb Plot
A U.S. federal court has sentenced convicted Algerian terrorist Ahmed Ressam to a 37-year-prison term for the 1999 New Year's Eve plot to bomb Los Angeles International Airport. The court in Seattle, Washington imposed the sentence Wednesday, after…
October 25, 2012
AU Lifts Mali Suspension
The African Union has lifted its suspension of Mali as it works on plans to send a military force to the West African nation. AU officials say Mali is again allowed to participate in all the organization's activities and meetings. The AU suspended…
October 25, 2012
Tunisian Man Held In Connection With Attack On US Embassy In Libya
Tunisia's government says it has arrested one of its nationals believed to be linked to the September-11 attack on the U.S. consulate in Libya. Interior Ministry spokesman Tarrouch Khaled said Wednesday that 28-year-old Ali Harzi was in custody in…
October 24, 2012
Alert #7 on Tropical Storm Sandy
The Department of Disaster Management and Emergencies, Grand Turk, 24th October, 2012 ALERT #7 ON TROPICAL STORM SANDY ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY WEDNESDAY 24TH OCTOBER 2012 AT 6AM EDT. …..SANDY HAS SHIFTED TO A COURSE OF DUE…