January 16, 2012
Digicel lashes out at LIME
THE COUNTRY'S two cellular service providers have been engaging in a verbal tussle following revelations last week that former Prime Minister Andrew Holness reversed a precondition of the Digicel-Claro merger. "We believe that Mr Holness'…
January 16, 2012
Employers fear work permits change could bring job losses
A new work permits policy floated by the Economy Minister makes little economic sense and could lead to job losses say employers. Patrice Minors, Economy, Trade and Industry Minister, announced on Wednesday that the Government is looking at…
January 16, 2012
States look to hike tax on millionaires
As the "tax the rich" debate rages in Washington D.C., some states are turning to their wealthiest residents to bring in much-needed revenue. The governors of the two largest Democratic states want rich folks to help close budget gaps. And…
January 15, 2012
French PM downplays rating decision
French PM Francois Fillon has defended his government's economic policies following the decision by ratings agency Standard and Poor's to downgrade the credit rating of France. He said the government would push ahead with reforms and debt…
January 15, 2012
China angry at US sanctions on oil firm Zhuhai Zhenrong
China has criticised sanctions imposed by the US on a Chinese firm for selling refined petroleum products to Iran. China's foreign ministry said imposing unilateral sanctions on Zhuhai Zhenrong based on US law was "unreasonable". The US said on…
January 15, 2012
Record imports widen US trade deficit
The US trade deficit widened in November for the first time in five months. Official figures from the Commerce Department showed that the overall deficit grew 10.4% to $47.8bn. Imports rose 1.3% to a record $225.6bn (£147.3bn), boosted by demand for…
January 15, 2012
Fight for Claro customers
Telecommunication firms Digicel and LIME both moved on Friday to lure Claro customers in limbo as word spread about Digicel's plan to shut down the Claro network which it acquired last year. Digicel stated in a press release that it had advised…
January 15, 2012
Man Utd sponsor Aon moves headquarters to London
US insurance broker Aon has said it plans to move its corporate headquarters from Chicago to London. "The move provides greater access to emerging markets and takes better advantage of the strategic proximity to Lloyd's," the firm said. The move,…
January 13, 2012
Obama requests another $1.2 trillion to pay US costs
resident Barack Obama has formally notified Congress of proposals for a $1.2 trillion (£782bn) rise in borrowing, risking another battle with Republicans. In a letter, Mr Obama said "further borrowing is required to meet existing (spending)…
January 13, 2012
Apple ends China iPhone store sales after launch issues
Apple has said it will halt the sale of all iPhone models from its stores in China, after large crowds disrupted the launch of the iPhone 4S. An Apple store, in the Sanlitun area of Beijing, did not open on Friday after a large crowd gathered…