January 14, 2022
Navient, formerly Sally Mae, agrees to $1.7 billion student loan settlement
One of the nation's largest student loan services agreed to pay a nearly $2 billion settlement after 38 states and the District of Columbia claimed it deceived thousands of students to pay more than they should have. The company Navient, formerly…
January 9, 2022
Samsung expects its profits to jump by 52%
Technology giant Samsung Electronics has said it expects to post a 52% jump in profit for the last three months of 2021, amid the global chip shortage.The world's biggest memory chip maker estimates that it made 13.8tn won ($11.5bn; £8.5bn) in the…
January 9, 2022
Bahamian Government to announce new real property tax measure
The Bahamas government will announce a new strategy regarding real property tax during the presentation of the mid-year budget next month “The tax system we have now is a very narrow-based system and so the tax reforms that we envision are to…
January 6, 2022
Drivers overcharged by £5m a day for petrol in UK.
The RAC has accused petrol retailers of ripping off motorists by refusing to pass on wholesale price cuts.The motoring organisation said unleaded petrol fell by 2p a litre, but should have come down by 12p.It estimated drivers were overcharged by…
January 4, 2022
Antigua still optimistic despite Air Canada flight suspension
The Antigua and Barbuda government says it remains optimistic that Air Canada will reverse its decision to suspend flights to the island as of January 31st, this year as the country battles with the last surge in coronavirus (COVID-19) cases in…
December 30, 2021
Bank hands out £130m in Christmas blunder
Tens of thousands of people awoke on Christmas morning to a surprise from an unexpected benefactor - Santander. The bank mistakenly deposited £130m into 75,000 accounts on 25 December.Santander's staff are now rushing to claw back the money,…
December 24, 2021
Unless the UK government intervenes, Energy bills will soar to 50% next year.
Energy bills will soar another 50% next year unless the government intervenes, the industry has warned.Supplier EDF said the situation was "critical" as customers, already seeing record bills, are hit with more rises due to surging wholesale gas…
December 20, 2021
IDB provided nearly US$20 billion in funding in 2021
The Inter-American Development Bank (IDB) Monday said together with its private-sector arm, IDB Invest, they expect to close this year with US$19.5 billion in new financing for Latin America and the Caribbean (LAC) as they helped countries recover…
December 17, 2021
Barbados to benefit from multi-million dollar IMF drawdown
The International Monetary Fund (IMF) is making available to Barbados US$24 million after indicating that the island continues its strong implementation of the comprehensive Economic Recovery and Transformation (BERT) plan aimed at restoring fiscal…
December 15, 2021
Federal Reserve to withdraw stimulus more quickly
The Federal Reserve will cut back its stimulus programme more quickly than planned, as it ratchets up its response to rising inflation.The US central bank had already announced it was tapering off the monthly support, introduced to bolster the…