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…
December 14, 2021
Dr. Timothy Harris Tuesday announced the payment of a double salary to civil servants
Prime Minister Dr. Timothy Harris Tuesday announced the payment of a double salary to civil servants before the end of the month. Harris announced the package as he delivered his administration’s national budget to Parliament, “Mr. Speaker, we do so…
December 13, 2021
Amazon is facing questions over health and safety policies at a warehouse after 6 deaths
Amazon is facing questions over health and safety policies at a warehouse in the US state of Illinois after six workers died when the building was destroyed by a tornado."This never would have happened if they cared about lives over productivity,"…
December 13, 2021
Peloton responds with parody ad after shares tumble
Fitness equipment maker Peloton has offered a humorous response after the brand featured in the HBO Max show.At the end of last week, the firm's shares slumped after a key character died while using one of the company's exercise bikes.The company…
December 11, 2021
Exxon moves all chain supply services from Trinidad & Tobago to Guyana
The President of ExxonMobil Guyana, Alastair Routledge has announced that the US based company has now moved all of its supply chain services from neighboring Trinidad and Tobago to Guyana. In making the recent announcement, Routledge said the…
December 9, 2021
Dominica, Montserrat latest OECS countries to roll out DCash digital wallet
Dominica and Montserrat have become the latest countries to launch the Eastern Caribbean Central Bank (ECCB) backed DCash pilot programme as a payment system in the sub-region. Digital Economy Minister, Cassani Laville, said as payment systems…
December 8, 2021
Bitcoin inventor won a court case allowing him to keep his 1m Crypto cache
A computer scientist who claims he invented Bitcoin has won a court case allowing him to keep a cache of the cryptocurrency worth billions of dollars.A jury rejected claims that Craig Wright's former business partner was due half of the assets.As a…
December 5, 2021
Selfridges set for £4bn sale to Thai retail giant
Luxury department store group Selfridges is set to be sold to a Thai conglomerate for up to £4bn.The UK retailer owns 25 outlets, including a huge flagship store in London's Oxford Street, and branches in Dublin, the Netherlands and…