News

January 5, 2011

Bank of America pays Fannie Mae and Freddie Mac $2.6bn

Bank of America has agreed to pay US mortgage giants Fannie Mae and Freddie Mac about $2.6bn (£1.7bn) to settle claims…

January 5, 2011

Porsche shares surge on hopes of VW merger

Shares in German carmaker Porsche have soared after a US judge dismissed a lawsuit that had threatened to de-rail a planned merger with Volkswagen Two hedge funds claimed more than $2bn (£1.3bn) in damages over a 2008 deal in which Porsche bought…

January 5, 2011

Convicted killer could inherit victim’s assets

A man imprisoned for killing his mother-in-law in 2008 could soon inherit his victim's assets, valued at a minimum of $250,000, authorities said. The strange twist of fate was made possible after the death of Deanna Palladino, wife of convicted…

January 5, 2011

Assassination of Pakistan’s Salman Taseer condemned

There has been strong international condemnation of the assassination of one of Pakistan's best-known liberal…

January 5, 2011

Queensland city Rockhampton hitting flood peak

Flood preparations in the inundated Australian city of Rockhampton are being put to the test as river levels hit their peak. The River Fitzroy which flows through the Queensland city is at 9.2m (30ft) and expected to hit 9.4m, having already…

January 5, 2011

Student protest footage released by Met Police

Police have released CCTV footage of people they wish to interview after Prince Charles's car was attacked during December's student protests. The Metropolitan Police have issued the pictures taken from cameras in the Regent Street and Oxford…

January 5, 2011

Labour and Tories clash over VAT increase

  Chancellor George Osborne has defended the VAT increase from 17.5% to 20%, saying it…

January 3, 2011

High-ranking Chinese politician arrives in Antigua-Barbuda

China's highest ranking female politician, Madame Liu Yandong, arrived in Antigua on Thursday for talks with…

January 3, 2011

Another AFC leader leaves party over leadership issue in Guyana

 Another leading Alliance for Change (AFC) executive, Grehard Ramsaroop has reportedly left the party as infighting widens among factions in that small political party in Guyana. The Guyana Chronicle reported that several reasons were given for…

January 3, 2011

Compromise tax deal extends jobless benefits for 1,700 US Virgin Islanders

President Barack Obama's compromise with Republican lawmakers to extend Bush-era tax cuts and unemployment benefits will aid more than 1,700 local recipients of unemployment insurance, V.I. Labor Commissioner Albert Bryan Jr. said. Unemployment…