February 11, 2013
Pope Benedict XVI in shock resignation
Pope Benedict XVI is to resign at the end of this month after nearly eight years as the head of the Catholic Church, saying he is too old to continue at the age of 85. The unexpected development surprised governments, Vatican-watchers and even the…
February 11, 2013
Preparations for bi-elections
The Turks and Caicos Island’s Supervisor of Elections Mr. Dudley Lewis has advised that preparations for the by-election starts with the issue of a writ by the Governor. This happens within 35 days of receiving notice from the Judge indicating…
February 11, 2013
Crown Land in the TCI
The Government has resumed its allocation of Crown Land for residential purposes - effective from today. The Lands Division in the Attorney General’s Chambers announced its resumption alongside a call from the Crown Land Unit for applications to…
February 11, 2013
Misick released on bail
First, a statement issued this morning by the Governor’s Office in relation to the former Premier Michael Misick. He is in prison in Brazil pending the outcome of extradition proceedings instigated by the British Government in association with TCIG.…
February 11, 2013
Jonathan Gardiner describes TCI’s Judicial system
Jonathan Gardiner, a well known churchman in the TCI, has today described the TCI’s judicial system as ‘shambolic’ and says it has recently provoked an onslaught of public criticism. Most of the criticism was long overdue, fair and reasonable says…
February 11, 2013
LIME’S CEO is stepping down
Telecommunications Company LIME has announced that its Chief Executive Officer, David Shaw is stepping down after four years leading the company. Mr Shaw, who has overseen the transformation of LIME, will remain with the business for the next six…
February 11, 2013
Euro strength to top finance ministers’ meeting
France is set to voice concerns about the strength of the euro at a meeting of eurozone finance ministers later. French Finance Minister Pierre Moscovici is worried that the rising single currency is making the country's goods less competitive. The…
February 11, 2013
Barclays misled shareholders about source of £3bn
Barclays misled shareholders and the public about one of the biggest investments in the bank's history, a BBC Panorama investigation has found. The bank announced in 2008 that Manchester City owner Sheikh Mansour had agreed to invest more than……
February 11, 2013
Apple, Microsoft and Adobe summoned by Australia
Technology giants Apple, Microsoft and Adobe have been called by the Australian parliament to appear before a committee looking at pricing levels. The House of Representatives launched a probe in July last year to see if some goods were more…
February 11, 2013
Venezuela devalues currency by 32% against the dollar
Venezuela has cut the value of its currency against the US dollar by 32%, in an effort to boost its economy. The widely expected measure ramps up the official exchange rate of the bolivar from 4.3 to 6.3 per US dollar. It was announced after…