July 20, 2022
Netflix loses subscribers, but stops the bleeding
New York (CNN Business) Netflix reported Tuesday that it lost 970,000 subscribers in the second quarter of 2022 — a number far lower than its own forecasts, which had projected that the streaming giant would lose two million subscribers. The company…
July 15, 2022
TCIG Making Payments Safer & More Convenient (Cashless)
The Financial Services and Supplies Management Unit (Treasury) of the Ministry of Finance, Trade and Investment, understands the need to continuously improve on business processes to better serve its customers by finding ways to make payment…
July 13, 2022
Twitter sues Elon Musk over $44bn takeover deal
Twitter has taken billionaire Elon Musk to court to try to force him to buy the social media firm, setting up a legal battle with the world's richest man. It comes after Mr Musk announced he was walking away from his proposed $44bn (£37bn) takeover…
June 30, 2022
OECS creating right business environment in the sub-region
The Organisation of Eastern Caribbean States (OECS) says the business environment in the nine-member sub-region is being boosted by strengthening the voice of the region’s private sector. The OECS says it has, as its core mandate, the responsibility…
June 29, 2022
Guyana workers in the private sector get 36 per cent higher minimum wage
Private sector employees will begin receiving a 36 per cent minimum wage increase from July 1, taking their salaries to GUY$60, 147 (One Guyana dollar=US$0.004 cents). A government statement said that the increase has been officially gazetted and…
June 28, 2022
G7 vows to drive up costs for Russia over Ukraine war
The Russian strike on a shopping centre in Kremenchuk cast a sombre shadow over the last day of the G7 summit; a reminder perhaps for the leaders here of just what, or rather who, they’re dealing with. Vladimir Putin, they said, would be held…
June 27, 2022
Bahamas moving to make its mark as a digital assets hub
Bahamas Prime Minister Phillip Davis says as the country continues to set a path toward economic diversity and innovation, more stakeholders take advantage of the opportunities stemming from the new digital age. Speaking at the launch of Agio…
June 25, 2022
Germany takes step closer to gas rationing
Germany has taken a step closer to gas rationing after a drop in supplies from Russia. The country has triggered the "alarm" stage of an emergency gas plan to deal with shortages, Germany's economy ministry said.It is the latest part of a standoff…
June 20, 2022
ECLAC-ILO warns of ‘slow, partial and uneven’ employment in the Caribbean
The Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO) says that while regional economies grew 6.6 per cent last year, the recovery in employment has been “slow, partial and uneven”. In a…
June 15, 2022
Sri Lanka gives government workers extra day off a week
Sri Lanka is giving government officials an extra day off a week to encourage them to grow food, amid fears of a food shortage. The country has around one million public sector employees. It comes as the island nation, home to around 22 million,…