Business

May 4, 2011

LIAT advises of new St. Lucia tax for travellers

LIAT wishes to advise its customers and the public in general that, effective May 1, 2011, the St. Lucia Air and Seaports Authority has introduced a new tax of US$35.00 known as “Airport Development Charge” which is to be collected by all…

May 3, 2011

Sony warns of almost 25 million extra PS user info loss

Sony has warned that almost 25 million extra Playstation users may have had their personal…

May 3, 2011

Shares lose gains that followed Bin Laden’s death

Shares in New York have reversed their early gains, which followed US President Barack Obama's announcement that Osama Bin Laden had been killed. In New York, the Dow Jones closed barely changed on the day. The benchmark US oil contract earlier…

May 3, 2011

Chrysler makes first profit since bankruptcy protection

Chrysler has reported its first quarterly profit since it emerged from bankruptcy protection two years ago. The US carmaker made a net profit of $116m (£69m) in the first three months of 2011, thanks to the success of its newer models and the…

May 3, 2011

Record fall in domestic Japanese car sales

Japan's domestic sales of cars, trucks and buses fell by a record amount in April, hit by the aftermath of the country's earthquake and tsunami. With production halted and supply chains broken, sales last month were 51% lower than a year earlier,…

May 3, 2011

Germany and France raise two-speed recovery concerns

The economies of Germany and France powered ahead in April, with their manufacturing sectors continuing their strong recovery, according to new data. The closely-watched Markit purchasing managers index showed that Germany's factory activity…

May 2, 2011

Banks accused of talking up Greek debt fears

The head of Europe’s rescue fund was quoted yesterday as telling a German newspaper that he…

May 2, 2011

S Korea inflation eases in April as food prices fall

South Korean inflation has risen more slowly than expected in April, due to lower food prices and cheaper imports. Consumer prices grew by 4.2% in April from the same month a year earlier, the statistical office said. That is less than the 4.4%…

May 2, 2011

Obama keeps up push to end gas, oil tax breaks

President Barack Obama says oil companies are profiting from rising pump prices and he wants…

May 2, 2011

Sony execs apologise for network security breach

Sony executives bowed in apology yesterday for a security breach in the company’s PlayStation Network that caused the loss of personal data of some 77 million accounts on the online service. “We deeply apologise for the inconvenience we have…