November 9, 2021
Former pilots calling for outstanding severance payments
Former pilots with the cash-strapped regional airline, LIAT, Tuesday called on the shareholder governments to assist in reaching a settlement regarding the outstanding severance payments owed to them. President of the Leeward Islands Airline Pilots…
November 7, 2021
CDB proposes new initiative for SIDS to access concessional financing by STAFF WRITER
The Barbados-based Caribbean Development Bank (CDB) has proposed a resilience-adjusted Gross National Income (GNI) measure for Small Island Developing States (SIDS) to access concessional finance. Termed the Recovery Duration Adjuster (RDA), the CDB…
November 4, 2021
Caribbean countries to benefit from new funding agreement
The Inter-American Development Bank (IDB) has launched a US$20 million fund to strengthen green fiscal policies in Latin America and the Caribbean (LAC). The project has been launched in collaboration with the German government. The trust fund will…
November 1, 2021
IMF says impact of COVID-19 on St. Kitts economy ‘severe’
The International Monetary Fund (IMF) says that the impact the COVID-19 pandemic on the economy of St. Kitts and Nevis has been “severe.” After concluding Article IV consultation with St. Kitts and Nevis, the Executive Board of the Washington-based…
October 29, 2021
Facebook changes name to Meta as it refocuses on virtual reality
Oct 28 (Reuters) - Facebook Inc (FB.O) is now called Meta, the company said on Thursday, in a rebrand that focuses on building the "metaverse," a shared virtual environment that it bets will be the successor to the mobile internet. The name change…
October 27, 2021
World Bank says global wealth has grown, but at the expense of future prosperity
The World Bank Wednesday said that global wealth has grown overall but at the expense of future prosperity and by exacerbating inequalities. The Washington-based financial institution in its new Changing Wealth of Nations report noted that although…
October 22, 2021
Caribbean tourism on the upswing
The World Travel & Tourism Council (WTTC) says the Caribbean’s travel and tourism sector is recovering at a faster rate than any other region in the world, with its contribution to gross domestic product (GDP) expected to rise more than 47 per…
October 21, 2021
China’s trade practices come under fire
China's trade policies have come under strong criticism during a review at the World Trade Organization (WTO). The US accused China of "skewing the playing field" by using "unfair trade practices" such as preferential treatment for state…
October 20, 2021
SCOTIA BANK TCI GIVES BACK TO STUDENTS
On Friday (October 8) Scotiabank TCI presented a donation of $5000 US to the Turks and Caicos Youth Foundation which owns and operates the Edward C. Gartland Centre (ECG). The donation will be used to provide support for needy students that…
October 14, 2021
PM welcomes move to acquire operations of CIBC FirstCaribbean
The St. Vincent and the Grenadines government has welcomed the announcement by a consortium of banks in the Eastern Caribbean Currency Union (ECCU) that it had entered into a definitive agreement to acquire the branches and banking operations of the…