Business

The Guyanese shadow minister of finance Winston Murray has died at the age of 69. Murray died on Monday at Georgetown Public Hospital after collapsing on November 11. His death was announced by Ronald Austin, one of Murray's colleagues. Murray was also the former Deputy Prime Minister of Guyana. Murray collapsed while standing in a queue in East Bank Demerara only hours after giving a speech about royalties being taken from mining on Amerindian land. He was then driven to a local hospital by a citizen. He was later transferred to the Georg

A Grenadian cabinet Minister has resigned after he boycotted his own swearing-in ceremony. Michael Church handed his resignation to Tillman Thomas, the Prime Minister of Grenada yesterday. Church boycotted the ceremony after he was demoted from Minister of Labour, Social Security and Ecclesiastical Affairs. He was then given the post of Junior Minister in the Ministry of Works, Physical Development and Public Utilities. Church was demoted after he made a visit to Italy with a former trade advisor without the government's consent. He then boyco

All flights in and out of Birmingham Airport have been diverted or suspended until at least noon local time after a business jet carrying an organ for transplantation crashed on approach to the airport in Birmingham, England, during heavy fog. Two people were injured in the accident, one seriously. A spokesperson for the airport said: "We can confirm that an incident has occurred involving a private Cessna aircraft. The incident occurred on arrival into the airport and the emergency services are in attendance." West Midlands Police Chief Inspe

An 18-year-old UK student suspected of throwing a fire extinguisher from the roof of the headquarters of the Conservative Party ('Tories'), 30 Millbank, London, was arrested on Monday. He was today released on bail after a court appearance. Edward Woollard, who is studying A-levels in Philosophy, Politics, and Classics, at Brockenhurst College in the New Forest, attended last Wednesday's student protests in London, before following a crowd of around 200 students into the Tory HQ and making it to the building's roof, whilst the rest of the buil

On Monday, Symbian Foundation discontinued Symbian OS, as a result of its lost popularity since Android came to market. The Finnish telecommunications company Nokia, being one of the few hardware manufacturers who use the system on some of the models, announced that it has taken over the operating system's development. Nokia had acquired Symbian Foundation in 2008. Now, the foundation refused to continue the project, because this smartphone operating system had lost its popularity when Android came to market. During the next several months, mo

The Indian stock market ended at an all time high on the Diwali 60-minute Special trading session on Friday. Diwali trading is arranged every year on the festival of Diwali to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity; it is also seen as welcoming the New Year of the Samvat calendar. The Samvat calendar is 56.7 years ahead (in count) of the solar Gregorian calendar. The benchmark 30-share Bombay Stock Exchange Sensitivity Index, Sensex, rose 0.53% or 111.39 points to a record close of 21,004.96. Sensex closes above 2

The Group of 20 (G20) of the world's leading developed and developing countries' finance ministers agreed on Saturday to pursue a plan that would avoid dangerous currency devaluations and would also would attempt to reduce trade imbalances. The plan was introduced by the United States, and the G20 meeting was held in South Korea. The plan was announced amid rising worries of a "currency war" that would lead to devalued currencies in order to get an export advantage and would damage the global economy. "Our cooperation is essential. We are all

The Bajan Prime Minister David Thompson, 48, died this morning at 2:10 am local time after battling pancreatic cancer. It has been reported that his wife, Mara, and their three children were at his bedside when he died. Hours after his death, Deputy Prime Minister Freundel Stuart was sworn in as the island's new Prime Minister. Thompson was best known for restoring the island's Democratic Labor Party back to parliamentary majority, decentralizing government, strengthening social services and improving the Barbadian economy according to the isl

Earnhardt Ganassi Racing driver Jamie McMurray, who qualified twenty-seventh, won the NASCAR Sprint Cup Series 2010 Bank of America 500 held yesterday at Charlotte Motor Speedway in Concord, North Carolina, United States. This became his third win of the season. Kyle Busch was the leader before the final caution, after which McMurray became the leader. Busch was unable to catch him. Following the race, McMurray became the first driver out of the Chase for the Sprint Cup to win in the first five races. Jimmie Johnson managed the third position

Kolontar, Hungary is currently being evacuated as new damage was discovered at the burst reservoir that spilled hazardous sludge on Monday 04 October 2010 in Western Hungary. If the embankment dam of the storage pond that already released about 700,000 cubic meters of highly alkaline (pH ~13) red sludge into the area would entirely collapse, an extra volume of 500,000 cubic meters of red mud could be released. A second spill containing more sediments from the bottom of the reservoir would be heavier and thicker than the first one, and would m

A bomb exploded early on Tuesday morning in Londonderry, Northern Ireland, injuring two police officers. Investigations into the identity of the bombers and their motive are continuing. The Real Irish Republican Army a paramilitary group that aims to bring about a united Ireland, has claimed responsibility. The explosion on Culmore Road caused serious damage to nearby buildings, including Da Vinci's hotel and a branch of the Ulster Bank. A telephone warning was given an hour beforehand and the area, including the hotel, was cleared. The off

After 27 years, the Australian Dollar has achieved a record high by equating to 98.73 U.S. cents. The previous record was set in 1983, when the currency was floated by foreign exchange markets — since then the last peak that it experienced was in July 2008, when it was worth 98.49 U.S. cents. Local economists believe this is a clear indication that interest rates will rise in the near future. The Australian Minister for Jobs, Chris Evans, has attributed the spike in the Australian dollar to government stimulus rolled out at the crux of the glo