News

May 2, 2011

GCC to Send Official Back to Yemen After Accord Signing Postponed

Gulf officials are sending a top official back to Yemen to try to salvage a deal to ease Yemeni President Ali Abdullah Saleh out of power, after the longtime leader refused to sign the agreement. Foreign ministers of the six-nation Gulf…

May 2, 2011

Celtics have bigger problems than just Pierce’s early Game 1 ejection

The facts of postseason life were turned inside-out by the Heat here Sunday. One…

May 2, 2011

Boxing legend Sir Henry Cooper dies aged 76

Heavyweight boxing legend Sir Henry Cooper has died at the age of 76 at his son's house in Oxted,…

May 2, 2011

Z-Bo, Gasol power Grizzlies past Thunder, 114-101

Zach Randolph and the Memphis Grizzlies powered their way to another playoff upset - not that he considers it one. Randolph had a playoff career-high 34 points and 10 rebounds, Marc Gasol added 20 points and 13…

May 2, 2011

US Officials: Osama Bin Laden is Dead

Al-Qaeda founder and leader Osama Bin Laden is dead, US officials say. The…

April 30, 2011

Caribbean Airlines-Air Jamaica deal hits snag

The finalisation of the Caribbean Airlines-Air…

April 30, 2011

EU investigates banks over credit default swaps use

The EU's competition authorities are investigating the activities of nine of the world's…

April 30, 2011

Gold hits new record high as US dollar weakens

The price of the precious metal hit a new record high for the third straight day of $1,569.30 on the back of a weakening US dollar. The gold price has risen 7% over the last month as investors have sought a save-haven against inflation and the…

April 30, 2011

China’s yuan rises past 6.50 against the US dollar

China's currency, the yuan, strengthened past a key level against the US dollar on Friday, as part of wider efforts to contain inflation on the mainland. The yuan broke past 6.50 against the dollar, a level not seen since 1993. Traders and…

April 30, 2011

Eurozone inflation rate increases to 2.8%

The eurozone's inflation rate edged up to to 2.8% in April from March's figure of 2.7%, according to official data from Eurostat. The increase takes inflation further away from the European Central Bank's target of just below 2%. The cost of raw…