June 21, 2021
American Airlines cancels hundreds of flights amid staffing, maintenance issues
Hundreds of American Airlines flights have been canceled this weekend and Monday because of significant staffing and maintenance issues. As of Sunday afternoon, 123 flights were canceled Saturday, 178 on Sunday and 97 were canceled for Monday –…
June 15, 2021
Crude oil climbs to highest price in nearly 3 years, pushing up gas prices
Crude oil has climbed to its highest price in nearly three years as the pandemic recedes and global demand soars. U.S. crude oil was $71.50 a barrel on Monday -- its highest price since October 2018 -- and Brent crude oil, the international…
June 8, 2021
Scotiabank TCI Manager Urges Vigilance on Fake Apps, Email Scams on the rise
Scotiabank has urged increased vigilance among its customers when navigating websites, using mobile applications, and responding to any email requests purporting to be from the Bank. “Customers are also asked to take steps to verify the legitimacy…
June 3, 2021
China accuses Western firms over ‘harmful’ kids’ goods
China has accused several Western clothing brands of selling goods that could be harmful to children. A warning notice on the country's customs administration website listed 81 items imported by companies including Nike, H&M and Zara. In March,…
June 1, 2021
Biden unveils $6 trillion 2022 budget that includes costly pandemic recovery and jobs plans
President Joe Biden on Friday unveiled a $6 trillion budget proposal for fiscal year 2022, which includes his costly initiatives already announced, including the American Jobs Plan and American Families Plan. It also includes his proposal to raise…
May 26, 2021
TCIG Statutory Body Executives Welcome & Orientation Session
On Tuesday May 25, 2021, the TCIG Audit Committee hosted a Welcome & Orientation Session with the Chairmen and CEOs of the Statutory Bodies within the Turks and Caicos Islands. This was the first session of this kind to be held with all the…
May 26, 2021
First virtual Caribbean Marketplace declared a success
The first virtual staging of Caribbean Travel Marketplace (CTM) was a resounding success, organisers have reported. More than 6,000 meetings were held over three days (May 11–13), giving buyers from 20 countries the chance to connect with suppliers…
May 26, 2021
Turks and Caicos Islands ‘BBB+/A-2’ Sovereign Credit Ratings Affirmed
On May 26, 2021, Standard and Poors (S&P) Global Ratings affirmed its 'BBB+' long-term and 'A-2' short-term sovereign credit ratings on Turks & Caicos Islands (TCI). S&P Global Ratings also affirmed its 'AAA' transfer and convertibility…
May 19, 2021
Pipeline boss confirms $4.4m ransom payment
Colonial Pipeline has confirmed it paid a $4.4m (£3.1m) ransom to the cyber-criminal gang responsible for taking the US fuel pipeline offline.Its boss told the Wall Street Journal he authorised the payment on 7 May because of uncertainty over how…
May 17, 2021
Long working hours killing 745,000 people a year
Long working hours are killing hundreds of thousands of people a year, according to the World Health Organization (WHO). The first global study of its kind showed 745,000 people died in 2016 from stroke and heart disease due to long hours.The report…