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The U.S. government is expected to announce that three-quarters of the oil from the BP Plc spill in the Gulf of Mexico has already evaporated, dispersed, or been captured or eliminated, The New York Times reported on Wednesday. A…

A council has defied the Government's crackdown on high public sector pay by recruiting a new chief executive on up to £197,500. Communities Secretary Eric Pickles said the salary level - £55,000 more than the Prime Minister earns - showed…

Some of Europe's top banks met or beat earnings expectations on Wednesday, as bad debts shrank and retail operations more than offset losses in investment banking. The banks tempered their good results, though, with a heavy dose of caution…

US authorities announced Tuesday the biggest federal crackdown ever on West coast shopowners who allegedly sell counterfeit luxury handbags and other goods worth some 100 million dollars. Prosecutors said they have charged operators of…

BP pumped heavy drilling mud into its blown-out Gulf of Mexico well on Tuesday in a "static kill" operation it hopes will help permanently plug the world's worst accidental marine oil spill. The operation, aimed at subduing the still…

Turkey has taken notice of a promising $220 billion market of oil and oil products in Ghana. And as a result Turkey's Foreign Economic Relations Board (DEIK) has signed an agreement with the Ghana Chamber of Commerce and Industry to open a…

In the second quarter of 2010, the total value of new investments in Ghana amounted to $662 million. These were derived from 105 new projects, the Ghana Investment Promotion Centre (GIPC) has said last week. According to the Centre, the…

Parliament on Monday deferred debates on the re-laid Supplier’s Credit Agreement between Ghana government and the STX Engineering and Construction Ghana Limited till August 3 2010. At an extended sitting which lasted for about 11 hours,…

The National Youth Employment Programme (NYEP) has appealed to government to allocate 100 per cent of revenue accruing from the “Talk Time Tax” for its operations. It says, currently only 20 per cent of the tax is allocated to the…

Professor Ernest Aryeetey, a Development Economist, was on Monday inducted into office as the eleventh Vice-Chancellor of the University of Ghana to lead its transformation agenda for the next four years. The induction makes Professor…