April 7, 2021
Amazon’s Jeff Bezos backs tax rise on firms
Amazon boss Jeff Bezos has said he supports raising taxes on US companies. The comments by the world's richest man come as US President Joe Biden is pushing to raise the corporate rate from 21% to 28%. The rise would help pay for a massive spending…
April 6, 2021
Janet Yellen pledges greater US international co-operation
US Treasury Secretary Janet Yellen has signalled a stronger engagement on issues from climate change to human rights to tax evasion, pledging to restore America's economic leadership. "America first must never mean America alone," she said in her…
April 5, 2021
Godzilla Vs. Kong reports monster box office sales
As the world grapples still with the pandemic, it seems as if movie goers has restarted going back to the cinema, as Hollywood film Godzilla Vs. Kong has set a new global record for pandemic-era filmgoing, Takings have been more than $385m (£205m)…
April 1, 2021
IMF sees global economy improving despite uncertainties
Economic growth led by the United States and China is accelerating, amplifying the risks of an uneven global recovery, the head of the International Monetary Fund (IMF) said yesterday. “In January we projected global growth at 5.5 per cent in 2021,”…
March 30, 2021
US$383 million replenishment for CDB fund to reduce poverty
The Caribbean Development Bank’s (CDB) Board of Directors today endorsed a US$383 million programme for the 10th cycle of the Bank’s Special Development Fund (SDF), the programme devised to reduce poverty and inequality and transform the lives of…
March 29, 2021
Mastercard accelerates deployment of digital first solutions in Latin America and the Caribbean
Mastercard is expanding its Engage platform in Latin America and the Caribbean to offer customers easy access to a growing network of qualified technology and fintech partners that can quickly deploy Mastercard Digital First solutions. These…
March 24, 2021
US stocks close broadly lower on Wall Street as banks stumble
The US Stocks closed broadly lower yesterday and gave back nearly all of their gains from a day earlier as technology, industrial and bank stocks fell. The S&P 500 fell 30.07 points, or 0.8 per cent, to 3,910.52. Technology stocks were the…
March 23, 2021
£5,000 fine for people going on holiday abroad
A £5,000 fine for anyone in England trying to travel abroad without good reason is due to come into force next week as part of new coronavirus laws. The penalty is included in legislation that will be voted on by MPs on Thursday. Foreign holidays…
March 18, 2021
Trump’s wealth down $700m after US presidency
Donald Trump's net worth has dropped by about $700m to $2.3bn (£1.65bn) during his time as president, according to the Bloomberg Billionaires Index. The Covid-19 pandemic hit his fortunes hard, with Mr Trump's office buildings, branded hotels and…
March 15, 2021
Bitcoin surges past $60,000 for first time
Cryptocurrency Bitcoin has risen for the first time above $60,000 (£43,100), continuing its record-breaking run. Bitcoin - which has more than tripled in value since the end of last year - has been powered on by well-known companies adopting it as a…