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…
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…