April 3, 2013
Cyprus bailout: Finance Minister Michalis Sarris quits
Cypriot Finance Minister Michalis Sarris has resigned as a judicial panel prepares to investigate the role that he and others played in a financial crisis that pushed the eurozone member to the brink of bankruptcy. Sarris submitted his resignation…
April 3, 2013
Eurozone unemployment rate at record high
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April 3, 2013
US factory orders rise thanks to aircraft sales
New orders at US factories rose in February from January mainly due to a jump in demand for commercial aircraft. Orders for aircraft nearly doubled, and orders for motor vehicles and parts also increased by 1.4%. The Commerce Department said…
April 3, 2013
UK to avoid triple dip recession, says BCC
The UK is set to avoid falling back into recession, according to the British Chambers of Commerce (BCC). The BCC believes a strong performance by Britain's service industries during the first three months of the year has kept the economy growing.…
April 3, 2013
Dow Jones and S&P climb to new highs
New York's Dow Jones and S&P 500 share indexes have set new all-time highs. The rallies mean the stock markets are returning to levels not seen since before the global financial crisis. The Dow rose 89 points, to close at 14,662, after an…
April 3, 2013
Above average hurricane season predicted
Hurricane forecaster and Professor Emeritus, Dr. William Gray, is predicting what he described as an ‘above average’ Hurricane Season in 2013. Addressing the 2013 National Hurricane Conference in New Orleans, Dr. Gray said his prediction is based…
April 3, 2013
Rio de Janeiro bus in deadly viaduct fall
Seven people have died in Rio de Janeiro after a bus fell 10m from a viaduct in the city centre, Brazilian police say. Several more passengers were injured as the 328 bus crashed on to the Avenida Brasil, one of the city's main thoroughfares,…
April 3, 2013
Digicel to sell 4G smartphone for under US$100
Caribbean consumers will soon be able to buy a fully loaded 4G Android smartphone for “well under US$100” from telecommunications company, Digicel Group. Due to hit company retail stores in mid-May, the Digicel Smartphone DL600 will run on the…
April 3, 2013
Bermudian killed in US car crash
Condolences poured in yesterday for Bermudian Juriena Smith Vincent-Lee who was killed in a car crash in North Carolina on Saturday. The former Bermuda police officer lost her life in the head-on collision; the driver of the other car died as…
April 3, 2013
Mini Quesadilla, Pizza, Cheese Steak among foods recall due to E. Coli Contamination
Rich Products Corporation, is recalling approximately 196,222 pounds of frozen chicken quesadilla and various other heat treated, not fully cooked frozen mini meals and snack items because they may be contaminated with E. coli, the U.S. Department…