World Business News

BP may face manslaughter charges over blowout

TABJ – March 29 – Managers who worked for oil giant BP Plc could be slapped with manslaughter charges in the United States, Bloomberg is reporting. Federal prosecutors in the U.S. are debating criminal action over the oil well explosion in the Gulf of Mexico ...
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EU drafting new plan to keep Irish banks running

TABJ – March 28 – The European Union is putting together an emergency lending plan to keep Ireland's banks above water in times of crisis, the Wall Street Journal is reporting. The EU's European Central Bank will create a facility to succeed the current Emergency ...
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EADS grabs Vector Aerospace for US$638 million

TABJ – March 28 – The European Aeronautic Defence and Space Company N.V. is acquiring Toronto-based Vector Aerospace Corp., the company better known as EADS announced today. EADS, the company behind Airbus SAS, will pay CDN$625 million – nearly US$638 million – and take on ...
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RIM's revenue, earnings up a third; stock falls hard

TABJ – March 25 – BlackBerry maker Research in Motion reported significant growth in fiscal 2011 as both revenue and earnings grew by a third despite increased competition. Waterloo, Canada-based RIM saw revenue shoot up 33 per cent to US$19,9 billion in 2011 from $15,0 ...
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China taxing rare earth metals as of April 1

TABJ – March 25 – China is slapping a resource tax on rare earth minerals as of April 1, China's state-owned news agency Xinhua is reporting. The tax would come out to 60 yuan per tonne of light rare earths – about US$9,10 – and ...
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Portugal bailout could reach US$99 billion

TABJ – March 24 – Bailing out Portugal could take as much as €70 billion – US$99 billion – Bloomberg is reporting. While Portugal hasn't yet asked for a bailout, two unnamed sources told the news agency the financial rescue package would total between €50 ...
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Britain squeezes oil firms to pay for 2011 budget

TABJ – March 24 – Oil firms in the North Sea have been slapped with a £2 billion tax hike to balance the books on the United Kingdom's 2011 budget, released yesterday. U.K. Chancellor of the Exchequer George Osborne also unveiled a one-pence-per-litre reduction in ...
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Fire erupts at Miami Int'l Airport; delays expected

TABJ – March 24 – A fuel tank fire at the United States' Miami International Airport is threatening to delay flights today, the Miami Herald is reporting. The fire broke out around 11 p.m. local time last night, delaying one outbound flight about an hour. However, the ...
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Putin stumps in Serbia for gas pipeline

TABJ – March 23 – Russian Prime Minister Vladimir Putin is in Serbia today to confirm details over a planned natural gas pipeline, the Associated Press is reporting. Putin's visit follows a similar stop yesterday in Slovenia. The planned South Stream pipeline would ship natural ...
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US city Detroit saw population fall 25% in a decade

TABJ – March 23 – The turn of the millennium was not kind to the capital of North American auto manufacturing, according to the United States Census Bureau, as the population of Detroit fell by 25 per cent between 2000 and 2010. The decade that ...
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