April 18, 2012
VAT mixed with low -skill jobs and low wages is a stalled economy
September 1st, 2012 and Saint Lucia is scheduled to be shackled to the core by the economic witches of two political parties. One on the right and the other on the left, both trapped with incomplete reasoning, non – existent visions and ill –…
April 18, 2012
Citigroup investors reject bigger executive pay deal
Citigroup shareholders have voted against giving top executives a bigger pay deal in a rare show of investor discontent. The package, which had increased chief executive Vikram Pandit's pay to $15m (£9m), was backed by just 45% of shareholders.…
April 18, 2012
Italy slashes its 2012 growth forecast
The Italian government has slashed its forecast for the economy in 2012. It was previously predicting a 0.4% contraction in the economy, but has cut that to a 1.2% contraction. The government has also admitted that it will not be able to meet its…
April 18, 2012
Tesco unveils profits rise and £1bn investment in UK
Tesco will invest £1bn in its UK business this year in an attempt to revive its flagging domestic operation. The company is accelerating the revamp of UK stores and promises to hire more staff. That follows falling sales and profits at the UK…
April 18, 2012
Heineken hit by higher barley prices
Europe's biggest brewer sold more beer than had been expected in the first three months of the year, but was hit by higher costs. Heineken sold 4.7% more beer by volume in the first quarter than it had in the first quarter of 2011. But it said that…
April 18, 2012
Syrian Attacks on Homs Continue, Despite Truce
Syrian government forces are continuing to attack rebel-held neighborhoods in the flashpoint city of Homs, despite a near week-old cease-fire brokered by the international community. The Britain-based Syrian Observatory for Human Rights said troops…
April 18, 2012
US Warns of Potential Boko Haram Attack in Nigeria
The United States has warned its citizens in Nigeria that the radical Islamist sect Boko Haram may be planning attacks in the capital, Abuja. The U.S. embassy issued an emergency message saying attacks could target hotels used by Westerners, but…
April 18, 2012
NATO Pledges Commitment to Afghanistan Despite Costs
NATO says it will not abandon Afghanistan to its enemies despite the financial costs. The United States and NATO plan to pull combat troops out of the county by 2014. And in prepared remarks Wednesday, NATO Secretary General Anders Fogh Rasmussen…
April 18, 2012
China May Relocate 100,000 Residents From Three Gorges Vicinity
China says about 100,000 people living near the Three Gorges Dam may have to be relocated due to the threat of geological disasters near the massive project. Liu Yuan, an official with the Ministry of Land Resources, recently told China National…
April 16, 2012
Trinidad and Tobago signs loan agreement with Andean Development Bank
Prime minister of Trinidad and Tobago, Kamla Persad-Bissessar began her official engagements at the Sixth Summit of the Americas on Sunday afternoon with the signing of an agreement for her country to become a special member country of the…