Euro Zone Economy Shrinks; Recession Returns in France

PARIS — The euro zone economy shrank more than expected in the first three months of 2013, official data showed Wednesday, marking a sixth consecutive quarter of decline as France returned to recession for the first time since 2009 and Germany marked time. The 17-nation euro zone contracted by...
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Government to pay public servants salary increases

CASTRIES, St. Lucia, CMC – The St. Lucia government says it will pay a four per cent increase to all public servants even though members of the Civil Service Association (CSA) had voted last month to reject the government’s offer and settle for a wage freeze. Government said that the inc...
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Former government ministers hint at forming new party

BASSETERRE, St. Kitts, CMC – Two former senior government ministers, including former deputy prime minister Sam Condor, have hinted at the possibility of forming a new political party that could likely contest the next general elections in St. Kitts-Nevis. Condor and former senior minister Dr....
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Spanish oil firm signs new agreement

GEORGETOWN, Guyana, CMC –The Spanish oil exploration firm, REPSOL, Tuesday signed a new oil exploration concession offshore agreement with Guyana. President Donald Ramotar and REPSOL’s director, Jose A. Murillas signed the four year prospecting license for the 6,525 square kilometer conc...
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Guyana receives funds to develop gold mining sector

GEORGETOWN, Guyana, CMC – The World Wildlife Fund (WWF) is assisting Guyana in building capacity in environmental management of the gold mining sector. The WWF has provided a GUY$12 million (One Guyana Dollar = US$0.01 cents) cheque to the Ministry of Natural Resources and the Environment as p...
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Gov’t could be left with multimillion-dollar AIDS fight

ST JOHN’S, Antigua – Permanent Secretary within the Ministry of Health Edson Joseph has suggested, as international agencies withdraw funding, the government will soon be left with a multi-million dollar bill to fight HIV and AIDS. “Most of the funding agencies, the Global Fund, Cl...
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St. Kitts-Nevis PM to chair Commonwealth group on debt

BASSETERRE, St. Kitts, CMC – Prime Minister Dr. Denzil Douglas will chair a Commonwealth high level mission on small states debt as developing countries to seek to deal with the impact of the global economic and financial crisis, Commonwealth Secretary Gerneral Kamalesh Sharma announced Tuesda...
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Bid for $1 billion more

BRIDGETOWN, Barbados - For the fourth time in five years, Government has gone to Parliament seeking an increase in the amounts of Treasury bills and Tax Certificates it can issue. Minister of Finance and Economic Affairs Chris Sinckler introduced a resolution at yesterday’s sitting of the Hous...
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