October 5, 2022
Petrol price rise warning after Opec oil output cut
Some of the world's top oil-producing countries have agreed to cut the amount they export in a decision expected to raise petrol prices around the world. Members of Opec+ - a group that includes Saudi Arabia and Russia - said they would slash…
September 30, 2022
Invest TCI attends the 26th World Investment Conference 2022 organised by WAIPA
The 26th chapter of the World Investment Conference (WIC) took place September 13th - 14th, 2022, in Geneva, Switzerland. This year’s event was held under India’s presidency on the overarching theme of “Investment Promotion Agencies (IPAs) Shaping…
September 28, 2022
UK Treasury rejects U-turn on mini-budget
The UK government will not abandon its mini-budget despite the Bank of England having to step in amid market turmoil, a Treasury minister has said.Labour called for the tax-cutting measures to be ditched after they sparked a fall in the pound and a…
September 22, 2022
UK may already be in a recession
The Bank of England has raised interest rates from 1.75% to 2.25% - the highest level for 14 years - and warned the UK may already be in a recession. The central bank had previously expected the economy to grow between July and September but it now…
September 19, 2022
The world’s second biggest cryptocurrency just got a lot greener
New Delhi (CNN Business) — Ethereum, the world's second most valuable cryptocurrency, has completed a massive software upgrade that its backers claim will slash its carbon footprint. The long-awaited revamp, which is known as "The Merge," will…
September 16, 2022
Six Young Men receives Small Business Assistance from Invest TCI
Invest Turks and Caicos Agency (Invest TCI) is happy to announce that six Turks and Caicos men were the most recent recipients of small business assistance from the Micro Small and Medium Enterprise (MSME) Programme. The MSME Programme managed by…
September 12, 2022
Price of war: UK and EU throw $500 billion at energy subsidies
London (CNN Business) — The United Kingdom on Thursday confirmed plans to subsidize energy bills for households and businesses, joining other European governments in a costly race to protect their economies from freezing up this winter as Russia…
September 5, 2022
Russia blames sanctions for gas pipeline shutdown
Russia has warned that it will not resume gas supplies along a key pipeline to Europe until sanctions are lifted. Moscow has blamed Western countries for its decision not to reopen the Nord Stream 1 pipeline after it was shut for three days for…
August 29, 2022
US shares fall on threat of interest rate rises
Stock markets in the US opened lower on Monday amid concerns the country's central bank will push ahead with further interest rate rises.Jerome Powell, chairman of the Federal Reserve, said hikes would continue in a bid to stem the rate of rising…
August 28, 2022
US stock markets down after interest rate warning
Stock markets in the US ended the week sharply down following tough comments by the head of the country's central bank, the Federal Reserve.The bank's chairman, Jerome Powell, said the bank must continue to raise interest rates to stop inflation…