February 3, 2013
Barclays bank chief Antony Jenkins to waive bonus
The chief executive of Barclays bank, Antony Jenkins, is to waive his bonus for last year. He said it would be wrong for him to receive a bonus, given what had been a "difficult" year for Barclays. It is thought Mr Jenkins was in line to receive…
February 3, 2013
Eurozone manufacturing ‘on course’ for return to growth
The contraction of manufacturing across the eurozone slowed in January amid signs that the worst may be over, according to a survey. The Markit Purchasing Managers' Index rose to 47.9, from 46.1 in December. The index has been below the 50 mark that…
January 29, 2013
Greek finance minister eyes 2014 recovery for economy
Greece's finance minister believes that the worst is over for his country. "There is definitely a glimmer of hope; light at the end of the tunnel," Yannis Stournaras said. As reforms were rushed through and a massive austerity package passed late…
January 29, 2013
Google expands North Korea map coverage
Google has published mapping information on North Korea, a country that has so far been mostly blank on the popular website Google Maps. The data was compiled on Google's Map Maker tool which allows ordinary people to contribute information mainly…
January 29, 2013
Yahoo sees rise in quarterly revenues under new boss
Yahoo has reported fourth quarter revenues of $1.35bn (£860m) in the fourth quarter, up nearly 2% on the same time a year before. A one-off accounting charge meant fourth-quarter net income was $272.3m, down by 8% compared to $295.6m in the same…
January 29, 2013
Japan eases restrictions on US beef imports
Japan has opened the door for increased imports of beef from the US, as it eased restrictions that have been in place for almost a decade. It will now allow the import of beef from cattle up to 30 months old. Japan banned US beef imports in 2003…
January 29, 2013
Burma gets Asian Development Bank and World Bank loans
The Asian Development Bank (ADB) and the World Bank have approved fresh loans for Burma to aid the social and economic development of the country. The ADB granted $512m (£325m), while the World Bank approved a $440m credit. The loans were made…
January 27, 2013
Apple eclipsed by Exxon Mobil as most valuable company
Apple has lost its crown as the world's most valuable publicly traded company after its shares continued to fall. Oil company Exxon Mobil has regained the top slot after Apple shares fell 2.4%, following a 12% drop on Thursday. Apple, which posted…
January 27, 2013
European banks to repay early ECB loans
Some of the banks in Europe that received billions in cheap loans to keep them afloat during the eurozone debt crisis are to repay them early. The European Central Bank (ECB) said that 278 eurozone banks will repay 137.16bn euros ($185bn; £117bn) of…
January 27, 2013
St Lucia UK tourist visits up, US down
Tourism officials say there was significant improvement in some St Lucia key markets during 2012 including the United Kingdom, despite the recession and increase in the Air Passenger Duty (APD). However they lament a decline in arrivals in the…