Latest Latin America
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‘We’ve spent a lot of money to remain ‘Innocent’ worldwide Richard Reed
Co-founder Richard Reed announced he would be stepping down from running the business on a day-to-day basis in February, but remains involved with Innocent (Picture Copyright: Sebastiaan ter ...
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Holy See Releases Popes Schedule for Rio de Janeiro
Pontiff Will Embark on First Apostolic Trip for World Youth DayBy Junno Arocho EstevesVATICAN CITY, May 07, 2013 (Zenit.org) - The Holy See Press Office has released the Holy Father's itinerary for the first international Apostolic visit of his papacy. Pope Francis will begin his journey to Rio de Janeiro, Brazil for the 28th World Youth Day on July 22nd.Upon his arrival to Rio de Janeiro, ...
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Official Says Treasury Department Had No Role in IRS Targeting
The Treasury Department's number-two official said his agency played no role in the Internal Revenue Service's targeting of conservative groups. The U.S. tax collecting agency has revealed it subjected Tea Party and other conservative groups seeking non-profit status to extra scrutiny from 2010-2012. In a prepared statement to the House Oversight and Government Reform Committee, ...
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North Korean Envoy Meets With Chinese Official in Beijing
A senior North Korean military official sent to China as a special envoy has met with a top Chinese official, at a time of strained relations between the two traditional ...
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Fresh Clashes Conflicting Claims in Afghanistans Helmand Province
Fighting between Taliban militants and Afghan government forces has erupted in a highly-volatile corner of Helmand province but the extent of the violence is ...
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US Oil Surge Could Impact Mideast Geopolitics
LONDON -- The United States will account for a third of new oil supplies over the next five years, and will become energy self-sufficient in 20 years, according to a new report by the Paris-based International Energy Agency (IEA). Although U.S. oil imports from Arab Gulf countries increased last year, analysts predict the U.S. will lose its dependence on Middle East imports, which is expected ...
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Bell defends govt on crime
The latest string of murders has renewed debate over crime with State Minister of National Security Keith Bell declaring that the situation would have been worse had the Free National Movement (FNM) been re-elected last May. But FNM Leader Dr. Hubert Minnis said the recent spate of violence should force the government to admit that it is "paralyzed" when it comes to fighting crime. ...
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Five arrested in shooting probe
Police have arrested five men for questioning over the Whit Monday double murder and shooting spree, and were looking for three more suspects. Assistant Commissioner of Police Anthony Ferguson yesterday urged anyone with information on the suspects' whereabouts to turn them in, and warned that people found harboring wanted men would be arrested. Ferguson said it was too early to say if ...
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Severe weather impacts NP
Meteorologists are warning Bahamians to be vigilant today as a moist and unstable air mass combined with an upper level trough continues to move through the central Bahamas, creating severe weather activity on New Providence. The unstable weather will trigger widespread scattered showers, severe thunderstorms, strong gusts, dangerous lightning, water spouts and possible tornadic activity, ...
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Baha Mar announces casino partner
MACAU - A management team involved in the opening of the largest casino in the world has signed on to lead Baha Mar's much-anticipated gaming product. Global Gaming Asset Management (GGAM), known for its work in Las Vegas, Macau and Singapore, will manage the Baha Mar Casino & Hotel when it opens in December 2014. The international firm played a leading role in Venetian Macau, which ...
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Gibson Morale high at NIB after Cargill’s firing
As the National Insurance Board (NIB) commences its search for a new director, Minister of Labour and National Insurance Shane Gibson said yesterday morale at NIB is at an "all time high" following the firing of former director Algernon Cargill. Cargill, who held the post more than four years, was fired last week for alleged gross misconduct. Gibson said NIB is looking for someone ...
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Govt to fulfill more election promises in 20132014
With a little over a week left until the Christie administration presents the 2013/2014 budget to Parliament, Minister of State for Finance Michael Halkitis said yesterday the upcoming fiscal year will give the government more leeway to implement some of its election campaign pledges. However, former Minister of State for Finance James Smith, who is now a government financial consultant, said ...
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Minnis wants emergency committee on crime
A national emergency plan that is non-partisan is needed to address the high crime rate in The Bahamas, Free National Movement (FNM) Leader Dr. Hubert Minnis said yesterday. Minnis said he will request an urgent meeting with Prime Minister Perry Christie to discuss the establishment of a crime committee made up of political leaders, members of civil society, the business community and the ...
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Govt in airspace talks with U.S.
The government held preliminary discussions with officials from the United States last week in a bid to finally gain control of the Bahamian airspace, Minister of Transport and Aviation Glenys Hanna-Martin said yesterday. Hanna-Martin said she along with other government officials had talks with U.S. officials in Washington, D.C. She said negotiations regarding the control of Bahamian airspace ...
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Bail appeal for ex-cop delayed
A former policewoman is scheduled to return to the Court of Appeal on Thursday in hopes of being granted bail pending trial. Toni Sweeting's bail hearing was adjourned yesterday because her lawyer, Jomo Campbell, had not filed an affidavit in support of the application. Sweeting, 27, was on duty when police officers allegedly found her with cocaine strapped to her body at Lynden Pindling ...
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Court sets deadline for release of seized funds
Senior Justice Jon Isaacs has set a deadline of Friday for seized funds to be released to convicted drug trafficker Melvin Maycock Sr. Police seized Maycock's accounts when he was indicted as the Caribbean head of a multinational drug smuggling gang in 2004. However, the court has authorized the release of some of that money to allow Maycock to pay legal expenses. If this does not ...
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Pompey Square to be completed within days
A former eyesore on Bay Street has been transformed into a green space that will feature cultural performances. The makeshift tent that temporarily housed the Straw Market is gone, and work on Pompey Square that leads out to the Prince George Wharf should be completed within days, according to Gevon Moss, the project manager for the Downtown Nassau Partnership (DNP). "We see the need for ...
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Ministry of Tourism heightens lionfish awareness
SEYMOUR'S, Long Island - The Ministry of Tourism and its partners have come together to further heighten awareness of the invasive and venomous lionfish in Bahamian waters. One such avenue was the Lionfish Hunt II, a competition and cook-off between local fishermen and chefs, that was held on May 17 to 18 at Seymour's Dock. The lionfish was sighted in Bahamian waters following the ...
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Sports complex in consideration
ABACO - A representative from the Ministry of Youth, Sports and Culture, along with a multi-agency team came together on May 9 with a small group of stakeholders to discuss ideas for a sporting facility in Abaco. Eugene Poitier, deputy permanent secretary at the ministry, said the government is seeking to increase the country's ability to develop new talent and manage elite talent by ...
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Harper’s South America trip complicated by Senate expenses scandal
The Senate expenses scandal is turning Prime Minister Stephen Harper's visit to South America into an awkward communications exercise.Harper's officials have indicated that the prime minister will finally take questions early this afternoon on the Prime Minister's Office involvement in reimbursing Senator Mike Duffy $90,000 for improper housing expense claims. But Harper will be ...
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Mexican peso erases gains stocks turn negative
MEXICO CITY | Wed May 22, 2013 11:44am EDT MEXICO CITY May 22 (Reuters) - Mexico's peso and stocks pared gains on Wednesday that stemmed from comments by U.S. Federal Reserve chairman Ben Bernanke, who hinted it was not time to rein in monetary stimulus that supports appetite for risky assets. The IPC Index dipped 0.69 percent to 40,251 points while the peso fell 0.238 percent to ...
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Ash spews from Costa Rica volcano
The Turrialba volcano spews a huge column of ash into the skies over Coast Rica forcing evacuations in the nearby town of La Central. NBCNews.com's Dara Brown ...
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UPDATE 1-Mexicos Homex says some creditors could seek early payment
Wed May 22, 2013 11:05am EDT MEXICO CITY May 22 (Reuters) - Creditors of struggling Mexican homebuilder Homex could seek accelerated payment of 11.7 million pesos in notes after the company missed payments on derivative positions, according to a filing on Wednesday. Failure to meet payments due on derivatives "arguably" constitutes an event of default on debt owed by Mexico's ...
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Mexicos Homex says arguably in default on some debt
MEXICO CITY | Wed May 22, 2013 10:40am EDT MEXICO CITY May 22 (Reuters) - Failure to meet payments due on derivatives "arguably" constitutes an event of default on debt owed by Mexico's second-largest homebuilder Homex , the company disclosed in a filing on Wednesday. Barclays' Mexico unit and Credit Suisse are suing Homex in New York courts over missed payments on ...
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Mexico stocks rise after Bernanke hints at steady stimulus
MEXICO CITY | Wed May 22, 2013 10:39am EDT MEXICO CITY May 22 (Reuters) - Mexican stocks jumped on Wednesday after Federal Reserve chairman Ben Bernanke suggested in a speech that it is not yet time to rein in U.S. monetary stimulus, which has boosted demand for riskier assets around the world. The IPC stock index rose just over 1 percent to 40,969 before hitting resitance and pulling ...
Buenos Aires Now
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Car manufacturing looking up for Buenos Aires
The financial crisis has been hard on Buenos Aires, but recent announcements by Ford and VW seem to herald a change in the city’s fortunes.
The financial crisis has hit cities and countries hard around the world, Buenos Aires and Argentina included. Unemployment is up by record amounts, the government, like governments across the globe, is struggling to contain a budget deficit, and international trade, on which the country so heavily relies, is down by double-digit amounts. Read more
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