December 20, 2023
Opposition legislators boycott budget debate
Opposition legislators Tuesday boycotted the first day of the debate on the EC$1.3 billion (One EC dollar=US$0.37 cents) budget Prime Minister Gaston Browne delivered to Parliament last Friday, insisting that there was not enough time to adequately…
December 13, 2023
Jamaica to earn in excess of four billion US dollars from tourism sector
Tourism Minister Edmund Bartlett says Jamaica is expecting to earn more than four billion US dollars this year as the island welcomes a record number of visitors this year. He estimates that the total number of arrivals to be 4,122,100 arrivals…
December 5, 2023
Spotify to axe 1,500 workers to cut costs
Swedish music-streaming giant Spotify has announced it is cutting 17% of its workforce, about 1,500 jobs, as the company seeks to clamp down on costs. Chief executive Daniel Ek said he had made the "difficult" decision with economic growth slowing…
December 4, 2023
Energy & Utilities Commissioner says new legislation will help to stabilise energy costs in Turks & Caicos Islands
The Energy and Utilities Department (EUD) of the Turks and Caicos Islands, today reminds the public that the comprehensive Renewable Energy Legislation is currently before the House of Assembly and that the Legislation not only addresses the…
December 2, 2023
Bahamian Government and opposition differ on latest IMF report
The Bahamas government has described as a “massive revision” a statement by the International Monetary Fund (IMF) that the country’s economy is projected to grow by 2.3 percent over its previous forecast. “Previously they were estimating 1.8 per…
November 24, 2023
China trials visa-free travel for six countries
China is trialing visa-free travel for citizens from France, Germany, Italy, the Netherlands, Spain, and Malaysia for a year, its foreign ministry said. From December 30 November 2024, ordinary passport holders from these countries can do business…
November 18, 2023
AI boss Sam Altman ousted after board loses confidence
Sam Altman has been ousted as the head of artificial intelligence firm OpenAI by the company's board, which said it had lost confidence in his ability to lead the company. The board said Mr. Altman had not been "consistently candid with his…
November 16, 2023
Remittances to Latin America and the Caribbean set new record
The Inter-American Development Bank (IDB) Thursday said that remittances received by Latin American and Caribbean (LAC) countries are projected to reach a record US$155 billion in 2023. The Washington-based financial institution in a new report said…
November 13, 2023
Caribbean countries sign agreement to implement crypto-asset reporting framework
Three Caribbean countries have joined a number of international nations in backing an initiative developed by the Organisation for Economic Co-operation and Development (OECD) to ensure the recent gains in global tax transparency will not be…
November 7, 2023
Italy to seize $835m from Airbnb in tax evasion inquiry
An Italian judge has ordered the seizure of €779.5m ($835.5m; £676.8m) from short-term rental giant Airbnb, over alleged tax evasion. Prosecutors say the firm failed to collect a tax from landlords on around €3.7bn of rental income. Landlords in…