News

April 12, 2011

Retail banks should be ring-fenced, says commission

UK banks' retail operations should be "ring-fenced" from their investment banking arms, the Independent Commission on Banking has recommended. However, in its interim report the commission stopped short of recommending the two should operate as…

April 12, 2011

IMF says risks not expected to derail economic recovery

The global economy remains firmly on a path to recovery but threats to growth remain, the International Monetary Fund (IMF) has said. Among the challenges are rising oil prices, unrest in the Middle East, continued inflation in China and debt…

April 12, 2011

UK ‘will get Iceland money back’

Iceland's President Olafur Ragnar Grimsson has said that the UK and the Netherlands will get back the 4bn euros (£3.5bn) they paid when Iceland's banking system collapsed in 2008. That is despite the country rejecting the latest repayment plan in…

April 12, 2011

Ivory Coast: Gunfire in Abidjan despite Gbagbo arrest

Sporadic gunfire can be heard in Ivory Coast's main city, Abidjan, a day after former President…

April 12, 2011

Nuclear crisis raised to Chernobyl level

Japanese authorities have raised the severity rating of their nuclear crisis to the highest level, seven. The decision reflects the total release of radiation at the damaged Fukushima Daiichi power plant, which is ongoing, rather than a sudden…

April 12, 2011

Libya: Nato must do more, say France and UK

Nato must do more to destroy heavy weaponry used by Muammar Gaddafi's forces in Libya, the French and British foreign ministers have said. Libyan civilians remain at risk, France's Alain Juppe said, despite the ongoing Nato-led bombing campaign.…

April 12, 2011

Swaziland police arrest democracy activists in Manzini

Police in Swaziland's main city, Manzini, are arresting anyone in a group ahead of planned protests to demand reform in Africa's last absolute monarchy. The demonstrations were called to mark the 38th anniversary of the banning of political…

April 12, 2011

Mitt Romney exploring 2012 presidential run

Former Massachusetts governor Mitt Romney has taken the first formal step towards running for the Republican presidential nomination in 2012. Mr Romney, who ran a failed bid in 2008, is setting up a committee to explore the feasibility of a run.…

April 12, 2011

Guns for bribes, says Trinidad attorney general

Trinidad and Tobago Attorney General, Anand Ramlogan, has called on Police Commissioner Dwayne…

April 12, 2011

Foreigners want to invest in Trinidad, says PM

Trinidad and Tobago Prime Minister, Kamla Persad Bissessar, who spent nearly a week in Washington meeting with OAS officials, investors and other business groups, said that a large number of people expressed interest in investing in the twin…