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…
August 23, 2022
Teachers return to classroom, postpone industrial action
Education Minister Glenys Hanna-Martin has welcomed the decision by the Bahamas Union of Teachers (BUT) whose members have decided to forgo threatened industrial action and return to the classrooms. “Well, I don’t want to get into the internal…
August 21, 2022
World Bank funds to help the Caribbean region respond to overlapping challenges
The World Bank Group (WBG) says it has deployed US$20.7 billion during its just completed fiscal year in June to support Latin America and the Caribbean (LAC) as the region continues to deal with the negative impact of the coronavirus (COVID-19)…
July 27, 2022
IMF: UK set for slowest growth of G7 countries in 2023
The UK is set for the slowest growth of the G7 richest economies next year, the International Monetary Fund has warned. It is predicting UK growth will fall to just 0.5% in 2023, much lower than its forecast in April of 1.2%. The global economy has…
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…