February 6, 2023
UK battery start-up set to be bought by Australian firm
An Australian firm has been named as the preferred bidder for Britishvolt, the UK battery start-up which collapsed last month. Recharge Industries, which is owned by New York fund Scale Facilitation Partners, has entered an agreement to buy…
February 5, 2023
Liz Truss: I was never given a ‘realistic chance to cut taxes’
Liz Truss has said she was never given a "realistic chance" to implement her radical tax-cutting agenda by her party. In a 4,000-word essay in the Sunday Telegraph, Ms. Truss stood by her plans to boost economic growth, arguing they were brought…
February 1, 2023
As Global Economy Weakens, Paypal cuts 2,000 jobs
PayPal is shedding around 2,000 jobs, or 7% of its workers, as it becomes the latest big tech firm to cut costs. The online payments company says it was forced to make the decision as it faces "the challenging macro-economic environment." PayPal's…
January 24, 2023
US accuses Google of ‘driving out’ ad rivals
The US Department of Justice (DOJ) and eight US states have filed a case against Google alleging it has too much power over the online ad market.Its anti-competitive actions had "weakened if not destroyed competition in the ad tech industry", US…
January 20, 2023
INVEST TCI TO SIT ON CAIPA BOARD OF DIRECTORS FOR 2023-2024
In a year-end meeting of the members of the Caribbean Association of Investment Promotion Agencies (CAIPA), held on December 19th, 2022, the members elected a new president, Mr. Ronald Theodore, CEO of the Grenada Investment Development Corporation,…
January 20, 2023
Japan inflation jumps to new 41-year high
Japan's inflation rate has jumped to a fresh 41-year high as businesses pass on higher costs to their customers. Core consumer prices for last month rose by 4% from a year earlier, double the Bank of Japan's (BOJ) target level.It puts further…
January 9, 2023
T&T’s exports grew 68.7% in 2022
The value of exports from Trinidad and Tobago is estimated to have increased by 68.7 percent for the first 11 months of 2022, according to a report from the Inter-American Development Bank (IDB) entitled “Trade Trends Estimates Latin America and the…
January 6, 2023
US economy sees robust jobs growth in December
Jobs growth in the US remained strong last month even as the economy wrestled with the impact of fast-rising prices.Employers added 223,000 positions in December, pushing the jobless rate down to 3.5%, from 3.6% in November. The resilience of the…
December 29, 2022
Turks and Caicos Islands is largely compliant according to the Financial Action Task Force (FAFT)
The Turks and Caicos Islands has further improved its technical compliance with the 40 Financial Action Task Force (FATF) Recommendations relating to anti-money laundering and countering terrorist financing (AML/CFT). In November 2019, the Turks and…
December 22, 2022
Microsoft faces legal action from 10 gamers
Microsoft faces legal action from 10 gamers to block its merger with Call of Duty maker Activision Blizzard. The lawsuit filed in a US federal court says the $69bn (£56bn) deal by the Xbox console maker to purchase its rival will "create a monopoly…