July 23, 2012
Torch starts final leg before London Olympics open
The Olympic torch relay began its first full day in London on Saturday, marking the start of the final week-long countdown to the opening of the 2012 Games. The flame was handed to the day's first torchbearer in Greenwich, home to the Equestrian…
July 23, 2012
Top athletes missing from camp
The Jamaica Athletics Administrative Association is expecting to have all 47 track and field members on campus at their pre-Olympic training camp in Birmingham today. The camp is missing some members including Asafa Powell, Brigitte Foster-Hylton,…
July 23, 2012
CNOOC to buy Nexen in $15bn deal
China's biggest offshore oil producer CNOOC is poised to snap up Canadian rival Nexen in a $15.1bn (£9.7bn) deal. If approved the deal would mark China's largest foreign business takeover. State oil firm CNOOC has offered to pay $27.50 cash per…
July 23, 2012
Caribbean Airlines owes 500 million to Jamaican aviation authorities
Caribbean Airlines, CAL, has racked up more than half a billion dollars in unpaid fees to local aviation authorities since its take over of Air Jamaica.The sum represents fees owed to the Jamaica Civil Aviation Authority, and the Airport Authority…
July 23, 2012
Spain bans short-selling of shares as markets fall
Spain has banned short-selling of shares to try to limit price moves after markets fell sharply on fears the country may need a full bailout. Spain's market regulator blocked the practice for three months to try to restore order after sharp falls in…
July 23, 2012
Rupert Murdoch steps down from boards
Rupert Murdoch has stepped down from a string of company boards of directors just one month after his embattled News Corporation announced plans to separate publishing interests from its lucrative television and film operations. The Australian-born…
July 23, 2012
Blue-chips raise recession fears
Estimates of revenue growth for the largest US companies are being scaled back sharply by Wall Street analysts, signalling a mounting risk that the world's largest economy may enter recession later this year. The reduction in growth expectations for…
July 15, 2012
‘Ice Age’ Is Top Weekend Film With Sales of $46 Million
“Ice Age: Continental Drift,” the fourth film…
July 15, 2012
Abu Dhabi Bypasses Hormuz Strait in Exporting First Pipeline Oil
Abu Dhabi started exporting its first crude from a pipeline that bypasses the Strait of Hormuz, shipping the fuel to a refinery in Pakistan. The pipeline, stretching from Abu Dhabi to the neighboring sheikhdom of Fujairah on the Gulf of Oman, was…
July 15, 2012
China economic growth slows to 7.6% in second quarter
China's economy has grown at its slowest pace in three years as investment slowed and demand fell in key markets such as the US and Europe. Gross domestic product rose by 7.6% in the second quarter, compared with the same period a year ago. That…