October 18, 2016
CDB to provide US$200m to fund Belize strategy plan
The Barbados-based Caribbean Development Bank (CDB) says it will provide US$200.5 million to Belize to finance its 2016-2020 strategy plan. It said that the strategy will help the country address some of the social, environmental and economic…
October 16, 2016
US bans Samsung Galaxy Note 7 phones on flights
The US Department of Transportation has banned Samsung Galaxy Note 7 phones on flights after reports of the device catching fire. Passengers will not be able to take the phones on flights or in their luggage to and from the US from 16:00 GMT on…
October 11, 2016
Egypt is getting a new capital – courtesy of China
Egypt's new capital city moved a step closer to reality with the announcement that Chinese developers will largely fund the megaproject.The China Fortune Land Development Company (CFLD) agreed to provide $20 billion for the currently unnamed city,…
October 11, 2016
Bargain-Hunting Tourists in the UK
When the pound plunged this month on new worries about Brexit, New Yorkers Derek Hotter and Ian Clark hopped on a plane for an impromptu holiday in Britain. Record numbers of dollar-, yuan- and euro-rich tourists eager to snatch up a bargain could…
October 11, 2016
G7 Nations Agree on Cybersecurity Guidelines
Cyberattacks on financial institutions are growing more frequent, persistent and dangerous and could threaten the interconnected global financial system, according to the world’s largest industrial nations. The Group of Seven governments published a…
September 29, 2016
Deutsche Bank fall drags down US stocks
US stocks finished lower on Thursday after Deutsche Bank shares tumbled in New York following a report that some funds had withdrawn money. The German lender fell nearly 7% after Bloomberg reported some hedge funds had taken out cash and withdrawn…
September 16, 2016
Invest Turks and Caicos Hosts Enhancing National Competitiveness Conference
Invest Turks and Caicos on September 1st hosted its first conference since the establishment of the Investment Agency. Under the theme "Enhancing National Competitiveness", the one-day event, held at Beaches Resort Village & Spa, brought…
August 24, 2016
Qantas airline soars to record profit after restructuring
Australia's national carrier Qantas has posted record annual profits of A$1.42bn ($1.1bn, £820m)nearly doubling last year's result. The airline will also pay a final dividend to shareholders for the first time since 2009. Qantas has been though…
August 18, 2016
Federal Reserve split on timing of next rate rise
Minutes from the US central bank's last meeting show policy-makers divided over when the next rate rise should come. According to the minutes, some Federal Reserve members felt "economic conditions would soon warrant taking another step", while…
August 18, 2016
Asda has worst quarterly sales drop blaming food deflation
Asda has reported a drop in sales of 7.5% in the past three months, its worst quarterly performance on record. Walmart chief executive Doug McMillon blamed the dip on food deflation and "the competitive environment". Discount food stores such as…