June 3, 2012
Police reports at odds with residents’ in Mountain View slaying
The police say the man killed along Mountain View Avenue this morning was among a group of men who engaged them in a fierce gunbattle. The Constabulary Communications Network (CCN) says a 40 Calibre Smith and Wesson pistol with a magazine…
June 3, 2012
Full self-government for Tobago by year’s end
obago Organisation of the People leader Ashworth Jack says “full internal self-government for Tobago will be attained before the end of this year.” Jack said that in his address at last night’s second anniversary rally of the People's Partnership…
June 3, 2012
Thieves make off with $120,000 in jewelry in Trinidad
San Fernando police are investigating a major jewelry heist at St Joseph Village, San Fernando, on Indian Arrival Day (May 30). The thieves escaped with a haul of precious stones, including diamonds, sapphires, emeralds and rubies, valued at…
June 3, 2012
Weak US job figures for May hit markets
Stock markets have fallen following worse-than-expected US job figures. The Dow Jones closed down 275 points, or 2.2%, while in Frankfurt the Dax was down 3.4%, in Paris the Cac 40 fell 2.2% and London's FTSE 100 lost 1.1%. The US economy added…
June 3, 2012
Barbados Senator says adjustment will aid economy
SENATOR Andre Worrell has lauded the adjustment made and acknowledged the benefits accrued to the economy from the increase of the Value Added Tax in Barbados, during challenging economic times. He added his contribution to the debate on…
June 3, 2012
Eurozone unemployment rate sticks at 11%
Unemployment in the eurozone was 11% in April, unchanged from March, but still the highest since records began in 1995. Spain had the highest rate in the eurozone at 24.3%, while Austria had the lowest at 3.9%, according to the official figures…
June 3, 2012
BP plans to sell stake in TNK-BP
BP has announced that it is going to try to sell its stake in the TNK-BP Russian oil joint venture. In a short statement, the oil company said it had received “unsolicited indications of interest” in acquiring its shares. BP has informed the…
June 3, 2012
Spain’s manufacturing sector sees contraction worsen
The rate of contraction in Spain's manufacturing sector was worse than that of Greece in May, according to a business survey. Markit's eurozone manufacturing purchasing managers' index for the whole eurozone dropped to 45.1 from 45.9 in April. Any…
June 3, 2012
Diamond Jubilee: River Thames pageant to honour Queen
The Queen's Diamond Jubilee weekend will reach its peak later on Sunday with a colourful River Thames pageant. Hundreds of thousands of people will line the banks of the river to watch the Queen cruise past on a royal barge escorted by a…
June 3, 2012
Cargo plane hits bus in Ghana airport crash
A cargo plane has crash landed in Ghana's capital Accra, hitting a bus full of passengers, officials say. Ten passengers on board the bus were reported to have been killed while all four crew members survived. Local TV showed the heavily damaged…