May 18, 2012
Spanish banks have credit ratings cut by Moody’s
Ratings agency Moody's has cut the credit ratings of 16 Spanish banks, a further blow to a country that is struggling to deal with the bad debts of its banking sector. It also cut the debt rating on Santander UK, a subsidiary of the Spanish…
May 18, 2012
Markets drop on eurozone worries
Concern over the eurozone debt crisis has continued to weigh on financial markets. The euro fell for the sixth day against the US dollar, to $1.2688, as an interim Greek government was sworn in to steer the debt-ridden country into repeat…
May 17, 2012
Disco Queen Donna Summer Dies after Battle with Cancer
Music legend Donna Summer, known by many as the Queen of Disco, has died. The five-time Grammy Award winner died Thursday at the age of 63 in Florida. Those close to her say she had been battling cancer for some time but had tried to keep the…
May 17, 2012
John Legend: ‘X Factor’s’ Spears and Lovato ‘Aren’t Really Singers’
John Legend, a judge on ABC’s forthcoming singing competition “Duets,” was asked to comment on the addition of Britney Spears and Demi Lovato to the judging panel of their rival FOX show “The X Factor.” And the Grammy-winning musician gave an…
May 17, 2012
Heat look vulnerable, Spurs still sharp
Without Chris Bosh, championship favourites Miami Heat suddenly looked vulnerable as they suffered an upset defeat to the Indiana Pacers, while the West's top seeds San Antonio Spurs look to have hit peak form with a victory over the Los Angeles…
May 17, 2012
Thunder takes Game 2 win vs. Lakers
Kevin Durant scored 22 points and rattled in the go-ahead basket on a baseline runner with 18 seconds left, and the Oklahoma City Thunder scored the final nine points to rally for a 77-75 victory over the Los Angeles Lakers in Game 2 of the…
May 17, 2012
Prior says England confident but wary of Windies
Wicketkeeper Matt Prior has warned England against complacency as they prepare to face embattled West Indies in the opening Test at Lord’s starting tomorrow. England, the World number one-ranked side, are expected to easily roll over the…
May 17, 2012
Brazil truth commission begins rights abuse inquiries
Brazilian President Dilma Rousseff has inaugurated a truth commission to investigate rights abuses, including those committed during military rule. The four previous living presidents since democracy was restored in 1985 also attended the ceremony…
May 17, 2012
Swearing-in of New Government Tentatively set for Monday.
The incoming government that is supported by the National Alliance, Democratic Party, and the three independent Members of Parliament Illidge, Richardson, and La Ville might be sworn-in on Monday announced Prime Minister Sarah Wescot Williams on…
May 17, 2012
Grenada no-confidence motion defeated
On Tuesday, the no confidence motion tabled in Grenada's House of Parliament by the opposition New National Party (NNP) was debated and ultimately defeated. In debating the motion, opposition leader Dr Keith Mitchell castigated the leadership of…