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…
October 8, 2021
Tina Turner sells music catalog going back 60 years to BMG
London (CNN Business) Tina Turner has sold the rights to her music catalog spanning six decades — including songs "What's Love Got to Do With It" and "The Best" — to music publishing company BMG. The legendary singer has also sold the artist's share…
October 8, 2021
Microsoft begins rollout of Windows 11
(CNN Business) Microsoft is rolling out its first major Windows update in six years. But not everyone will be able to get it right away. Starting Tuesday, Windows 11 will be available as a free download to existing Windows users depending on the…
October 8, 2021
Facebook will now ban the sale of protected Amazon rainforest land on Marketplace
(CNN Business) Facebook is cracking down on the ability of people to use its e-commerce platforms to sell large parcels of land in the protected Amazon rainforest. "Today, we are announcing measures to curb attempts to sell land in ecological…