May 9, 2022
Bahamas registered near 14 per cent economic growth in 2021
The Bahamian economy exhibited a measured pace of recovery during 2021, the Central Bank of the Bahamas (CBB) has said. In its just released 2021 Annual Report, the CBB said that the domestic economy registered a growth of 13.7 per cent last year,…
May 4, 2022
US makes biggest interest rate rise in 22 years
The US central bank has announced its biggest interest rate increase in more than two decades as it toughens its fight against fast rising prices.The Federal Reserve said it was lifting its benchmark interest rate by half a percentage point, to a…
May 3, 2022
ScotiabankTCI announces new standards for parental leave for employees
Scotiabank TCI, announced that it will be adopting a new standard for parental leave for employees. The enhanced offering will include increased fully paid leave for all parents welcoming a new child, including adoptive parents, legal guardians and…
May 2, 2022
New Banknotes to be unveiled on May 4
The Central Bank of Barbados will within a few days, unveil new banknotes that will go into circulation at the end of this year. On May 4, the bank will host the official launch event for the new polymer banknotes , in an event that will be…
April 29, 2022
ECLAC warns economic slowdown deepens in the Caribbean
The Economic Commission for Latin America and the Caribbean (ECLAC) has warned that the economic slowdown in the region is deepening, with the economies facing “a complex juncture in 2022 due to the war between Russia and Ukraine, which ushers in a…
April 25, 2022
Bahamas Government moving to establish carbon credit payment system
The Bahamas government has tabled legislation that will allow for the establishment of a carbon credit payment system for the country. Prime Minister Philip “Brave” Davis has tabled the Climate Change and Carbon Market Incentives Bill that seeks to…
April 20, 2022
G-24 countries warn of uncertain growth prospects
The Inter-Governmental Group of 24 on International Monetary Affairs and Development (G-24) Tuesday said that the coronavirus (COVID-19) pandemic has imposed huge costs and that man impediments to the global recovery remain, with growth prospects…
April 7, 2022
Tourism spending plunges over key holiday
Tourism spending in China plunged over this week's Qingming festival, as the world's second largest economy battles a rise in infections. The amount tourists spent during the key three-day holiday was more than 30% lower than the same time last…
April 7, 2022
Chanel restricts sales of goods to Russians abroad
French luxury giant Chanel has stopped selling its products to people who intend to take them to Russia, after shutting its stores in the country. Moscow and some customers have accused the firm of being anti-Russian, and threatened to boycott the…
April 1, 2022
Russia threatens to stop supplying gas if not paid in roubles
Russia has told "unfriendly" foreign countries they must start paying for gas in roubles or it will cut supplies. Vladimir Putin has signed a decree stating buyers "must open rouble accounts in Russian banks" from Friday. "Nobody sells us anything…