Business

September 9, 2025

Bahamas Government reduces VAT on a number of products

Prime Minister Phillip Davis says as a result of the Bahamian economy growing stronger “and government finances are on a sounder footing,” the value added tax (VAT) on a number of products has been reduced from September 1. In a statement, Davis…

September 4, 2025

CDB warns that economic instability a mechanism for transmitting global risks

The second wider Caribbean Regional Risk Conference began here on Wednesday with regional countries being told economic instability is a channel through which global risks are transmitted and amplified, deepening their roots and cascading across…

August 27, 2025

Federal Reserve says it will ‘abide by any court decision’ in standoff between Trump and Cook

A Federal Reserve spokesperson on Tuesday said the central bank will abide by any court decision in the standoff between Federal Reserve Governor Lisa Cook and President Donald Trump.

July 24, 2025

Trump to visit Fed as pressure on Powell mounts

Donald Trump is set to make the first visit by a sitting president to the US central bank in roughly two decades as his pressure on the Federal Reserve intensifies. Trump will tour buildings undergoing a $2.5bn (£1.8bn) renovation, which the White…

July 20, 2025

International tribunal rules in favour of Chevron in high stakes oil dispute in Guyana

The Paris-based International Chamber of Commerce (ICC) Friday gave the green light to the US-based oil company, Chevron to buy into one of the world’s most valuable oil development in the Caribbean country of Guyana, which holds more than 11…

July 10, 2025

Mattel introduces its first Barbie with Type 1 diabetes

NEW YORK (AP) — Mattel has introduced its first Barbie representing a person with Type 1 diabetes, as part of wider efforts from the toy maker to increase inclusivity among its dolls. In an announcement Tuesday, Mattel said it had partnered with…

July 6, 2025

House passes Trump’s major tax cut and spending bill

The House on Thursday passed President Donald Trump's major tax cut and spending bill in a 218 to 214 vote. The legislation will now go to Trump's desk for his signature. The final vote came after an overnight scramble by Speaker Mike Johnson to…

June 30, 2025

Belize sugar crop falls victim to a devasatating fungus

Prime Minister John Briceño says this year’s sugar crop will be one of the worst in recent years after the Fusarium Wilt disease ravaged cane fields here. The Belize Sugar Industries (BSI) in confirming the situation, described this year’s…

June 27, 2025

St Lucian hotelier becomes first Caribbean recipient of international award

The president of the Caribbean Hotel and Tourism Association (CHTA), Sanovnik Destang, has become the first Caribbean hotelier to receive the prestigious AAHOA/NABHOOD Outstanding Hotelier Award. It said that this is the first time a Caribbean…

June 24, 2025

Caribbean leaders attending high level meeting in Nigeria

Caribbean Community (CARICOM) leaders will from Wednesday join their African counterparts for a three-day meeting of the African Export-Import Bank (Afreximbank) focusing on advancing trade, investment, and innovation across the continent, The 32nd…