October 9, 2017
World Bank chief sounds alarm over job automation
The world is on a "crash course" as people's hopes collide with a future in which millions of jobs are automated, the World Bank chief has said. Jim Yong Kim said policymakers should take action by investing in education and health. The World Bank…
October 8, 2017
Netflix raises prices for first time in two years
Netflix has raised prices in countries including the UK and US for the first time in two years. The streaming video service will also increase subscription charges in some European countries, a spokeswoman said. A standard UK plan will rise 50p to…
October 8, 2017
Electricity System Upgrade and Expansion Project launched in Suriname
The Caribbean Development Bank (CDB), and the Government of Suriname have partnered to deliver a more reliable, efficient and sustainable electricity supply in that country. The Electricity System Upgrade and Expansion Project, which will be…
September 27, 2017
World’s second biggest diamond sells for $53 million
The world's second-biggest diamond has finally found a buyer. After failing to sell at a Sotheby's auction last year, the 1,109-carat uncut stone has now fetched $53 million in a private sale to luxury jeweler Graff Diamonds. The seller, Canada's…
September 4, 2017
US dollar losing its lustre as safe haven investment
In times of uncertainty or crisis, investors typically take refuge in “safe” options like the Swiss franc, gold or the US dollar, but under President Donald Trump the greenback has lost its lustre, especially to the euro. After this week's North…
September 1, 2017
Hurricane Harvey hit the US economy hard
The costs of the deadly storm in Texas and the Gulf of Mexico have continued to mount, with Texas authorities estimating it at $125bn (£97bn). Hurricane Harvey has killed more than 30 people and destroyed thousands of homes. While the rain has…
August 29, 2017
US stocks tick up as missile fear eases
US stocks recovered at the close from steep early losses brought by fears of escalation of hostilities in the Korean Peninsula. US President Donald Trump had warned that "all options are on the table" after North Korea fired a missile over Japan.…
August 29, 2017
Euro rises to 18-month high against dollar
The euro has hit $1.20 for the first time since January 2015 as the prospect of a US interest rate rise recedes. Hurricane Harvey's impact has led analysts to assume the US central bank will not want to risk curbing economic growth and fears over…
August 28, 2017
Storm causes billions in damage
Many refineries have shut and almost a fifth of oil and gas production in the Gulf of Mexico has been suspended amid the largest storm to hit in the US in more than a decade. Hurricane Harvey has produced high winds and extensive flooding forcing…
August 23, 2017
Stocks recede after fiery rally by President Trump
US markets closed lower on Wednesday, sliding back after President Donald Trump gave a fiery speech suggesting more political drama lies ahead.At a rally in Arizona on Tuesday, Mr Trump said he would be willing to shut down the government if…