May 22, 2013
British inflation eases by more than expected
Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares. The Office for National Statistics said Tuesday that the annual rate fell to 2.4 per cent in April from 2.8 per…
May 22, 2013
Obama opposes bill on Keystone pipeline
The White House says President Barack Obama opposes a House of Representatives bill that would speed approval of the proposed Keystone XL oil pipeline from Canada to Texas. The White House said Tuesday that the bill “seeks to circumvent longstanding…
May 22, 2013
Former Saab Automobile chiefs arrested for accounts fraud
Three former top executives from carmaker Saab Automobile have been arrested in Sweden on suspicion of accounting fraud. The three are "suspected of aggravated attempts to avoid tax controls", according to Swedish prosecutor Olof Sahlgren. Mr…
May 22, 2013
HK Mercantile Exchange in police and regulator probe
Hong Kong Mercantile Exchange, which trades commodities, is being probed by the police and market regulators over alleged financial irregularities. The Securities and Futures Commission initiated an investigation of the two-year old market on 15…
May 22, 2013
Iran’s Ahmadinejad to contestbar on ally Mashaei
Iran's President Mahmoud Ahmadinejad says he will contest the disqualification of his ally Esfandiar Rahim Mashaei from next month's presidential poll. Mr Mashaei and ex-president Akbar Hashemi Rafsanjani have been excluded by the Guardian Council,…
May 22, 2013
Vodafone hit by turmoil in Europe as sales fall
Mobile giant Vodafone's full-year sales have slipped for the first time in eight years after tough economic conditions in Europe hit revenues. Annual revenues fell 4.4% to £44.4bn, after the firm cut prices in Europe in an attempt to retain…
May 22, 2013
Vodafone hit by turmoil in Europe as sales fall (2)
Mobile giant Vodafone's full-year sales have slipped for the first time in eight years after tough economic conditions in Europe hit revenues. Annual revenues fell 4.4% to £44.4bn, after the firm cut prices in Europe in an attempt to retain…
May 22, 2013
Butch’ reversed funds credited to his pension account
APPLIANCE Traders Limited (ATL) Chairman Gordon 'Butch' Stewart had taken steps to reverse funds credited to his account from the alleged unauthorised surplus distribution, the court was told yesterday during the fraud trial of three former ATL…
May 22, 2013
Toilet paper shortage in Venezuela causing panic
Venezuelans scrambled to stock up on toilet paper Thursday as fears of a bathroom emergency spread despite the socialist government’s promise to import 50 million rolls. After years of economic dysfunction, the country has gotten used to shortages…
May 22, 2013
Caribbean Challenge Initiative to address environmental threats to the region
The Caribbean Summit of Political and Business Leaders, May 17-18, [brought] together heads of state and corporate executives to launch Phase II of the Caribbean Challenge Initiative (CCI) to address environmental threats to the Caribbean region.…