October 24, 2012
Olympics and Paralympics £377m under budget
The cost of the London Olympics and Paralympics will be £377m less than expected, according to the government. The combined budget for the two events was £9.29bn, but the projected cost is £8.92bn. Savings came from a drop in security, transport and…
October 24, 2012
Facebook posts loss despite 32% rise in revenues
Facebook has posted a loss of $59m (£37m) despite seeing revenues rise 32% during the third quarter. The world's most popular online social network revealed that its income rose to $1.26bn, between July and September. The revenues exceeded…
October 24, 2012
WICB top men go to court to answer questions on Gayle/Bravo
A date has been set for the start of the trial in the US$20M lawsuit brought against the West Indies Cricket Board (WICB) by the West Indies Players Association (WIPA). Hearings in the high profile case are due to begin on November 28 in a Port of…
October 24, 2012
Lance Armstrong’s legacy hangs over sport’s future path
Lance Armstrong was ditched from the Tour de France record books on Monday but the question of whether cycling should forget his tarnished legacy or use it as a force for change must be urgently addressed. The International Cycling Union (UCI) has…
October 24, 2012
Tropical Storm Sandy’s downpours to drench the South
The National Meteorology Office, Onamet, predicts downpours Tuesday tonight Tropical Storm Sandy, while the Emergency Operations Center (COE) issued alerts for residents in high risk areas of Barahona, Bahoruco, San Juan de la Maguana, Azua,…
October 24, 2012
Apple reveals iPad Mini starting at US$329
Apple Inc is refusing to compete on price with its rivals in the tablet market — it’s pricing its new, smaller iPad well above the competition. Yesterday the company revealed the iPad Mini, with a screen that’s about two-thirds the size of the…
October 24, 2012
Canada pledges more help to Jamaica
Canadian Prime Minister Steven Harper says his country will continue to pursue efforts to boost trade and investments in order to help Jamaica get out of its current economic hardships. Harper made the disclosure yesterday morning while addressing a…
October 24, 2012
PM to cut Canada visit short
Prime Minister Portia Simpson Miller will be truncating her official four day visit to Canada to return to Jamaica given the tropical storm now threatening the island. Finance Minister Dr Peter Phillips, making a statement in Parliament today, said…
October 24, 2012
Jamaica braces for Sandy, which could ruffle South Florida later in week
A strengthening Tropical Storm Sandy, set to slam Jamaica on Wednesday as a dangerous and drenching Category 1 hurricane, also could bring foul weather to South Florida later in the week. While Sandy’s most damaging winds were expected to remain…
October 24, 2012
IMF talks continue in line with timetable in Jamaica
Finance and Planning Minister Dr. Peter Phillips said there is no delay in the negotiations with the International Monetary Fund (IMF) and the government was proceeding in accordance with the timetable originally set out. “It is also the case that…