January 16, 2012
Mexico pledges $5 million to build markets in Haiti
The press office of Haitian President Michel Martelly says Mexico is promising to give the Caribbean nation $5 million to build several markets. The agreement was made in Guatemala, where the leader attended Saturday's presidential inauguration of…
January 16, 2012
Costa Concordia sinking could cost Carnival $95m
The sinking of the Costa Concordia could cost parent firm Carnival up to $95m (£62m; 75m euro), the firm has said in a statement. Carnival shares fell 18% in early trading after it said it expected the loss of earnings from the capsizing to be…
January 16, 2012
European stocks shrug off downgrade
European stocks had a subdued reaction Monday to Standard & Poor's downgrade of nine euro-zone governments. European stocks wavered between gains and losses in morning trading. Britain's FTSE 100 (UKX) slid 0.2%, the DAX (DAX) in Germany edged…
January 16, 2012
Digicel lashes out at LIME
THE COUNTRY'S two cellular service providers have been engaging in a verbal tussle following revelations last week that former Prime Minister Andrew Holness reversed a precondition of the Digicel-Claro merger. "We believe that Mr Holness'…
January 16, 2012
Employers fear work permits change could bring job losses
A new work permits policy floated by the Economy Minister makes little economic sense and could lead to job losses say employers. Patrice Minors, Economy, Trade and Industry Minister, announced on Wednesday that the Government is looking at…
January 16, 2012
States look to hike tax on millionaires
As the "tax the rich" debate rages in Washington D.C., some states are turning to their wealthiest residents to bring in much-needed revenue. The governors of the two largest Democratic states want rich folks to help close budget gaps. And…
January 16, 2012
Strong earthquake hits off Antarctica’s coast
A strong 6.6-magnitude earthquake struck Sunday off the coast of Antarctica, prompting a warning that there was a "small possibility" it could trigger a tsunami. The tremor was centered in waters south of South America's southern tip, about 334…
January 16, 2012
Cruise ship rescue operations suspended for now
The search for survivors and victims aboard the partially sunken cruise ship Costa Concordia was temporarily suspended Monday because the vessel began to move, said the mayor of the nearby island of Giglio, Sergio Ortelli. The cruise ship hit…
January 16, 2012
Pakistan PM Gilani faces Supreme Court contempt order
Pakistan's Supreme Court has issued a contempt order against Prime Minister Yousuf Raza Gilani, raising the prospect of his prosecution. The court has been considering what to do about the government's refusal to reopen corruption cases against…
January 16, 2012
Republican primaries: Jon Huntsman ‘to end bid’
Jon Huntsman is to end his campaign to win the Republican presidential nomination, US press reports say. He finished third in last week's New Hampshire primary and had been struggling ahead of this week's South Carolina primary. Mr Huntsman had…