December 6, 2013
Dominica wants Europe to lift visa requirement to stimulate trade
Dominica says it is pursuing efforts to get the European Union to remove the visa requirements for nationals travelling to Europe, saying that it was important to stimulate trade under the Economic Partnership Agreement (EPA) signed with Europe five…
December 6, 2013
Samsung and Philips among tech firms raided by EU
Samsung and Philips have revealed that they were among several consumer electronics companies raided recently by European Commission inspectors. Thursday's raid focused on companies making and selling consumer electronics products and small domestic…
November 25, 2013
Oil prices fall after Iran agrees nuclear deal
Oil prices have fallen after Iran agreed a deal to curb some of its nuclear activities in return for an easing of international sanctions. Iran holds the world's fourth-largest oil reserves, but its exports have been hurt by the tough sanctions…
November 25, 2013
Barbados’ credit rating cut by S&P
Barbados’ credit rating has been cut by Standard & Poors Ratings Services (S&P). Stating that the Caribbean nation has gone back into recession, S&P changed the island’s rating to ‘BB-’ from ‘BB+’, but S&P affirmed the country’s…
November 25, 2013
Swiss vote no to capping bosses’ pay
Swiss voters have rejected a proposal that would have limited executive pay to 12 times that of the lowest paid. The referendum saw 65.3% vote against the plan with 34.7% in favour. The country is home to a range of giant businesses, including…
November 25, 2013
Online gambling in New Jersey signals US expansion
Online gambling has been launched in the state of New Jersey, a sign that the US may slowly be opening up to the multibillion-dollar industry. Unlike in many countries, online gambling remains prohibited by the US government because of legislation…
November 25, 2013
Apple buys motion sensor maker PrimeSense
Apple has purchased PrimeSense, an Israeli firm that specialises in making 3D motion detection technology. PrimeSense is best known for developing gesture control for Microsoft's Kinect sensor, and has made strides towards bringing the technology…
November 20, 2013
Bank of England says UK in sustained recovery
The UK is in a sustained recovery and does not face major inflation risks, Bank of England policymakers have said. Minutes from the Monetary Policy Committee's November meeting showed the nine members all voted to leave interest rates at 0.5%. The…
November 20, 2013
Toyota eyes mass production of fuel cell car by 2015
Japanese carmaker Toyota has said it is looking to start commercial sales of fuel cell-powered cars by 2015. Toyota set the target as it unveiled a concept fuel cell powered car, called the FCV, at the Tokyo Motor Show. Its cells can be recharged…
November 20, 2013
National debt to September is US$27.B: Central Bank
Dominican Republic’s debt as of September is US$27.1 billion, according to the Central Bank Website, which denies it’s 50% of GDP as some economists have stated. It said the debt is 44.9% of GDP, of which “the biggest component is the foreign debt…