June 2, 2015
Sponsors welcome Blatter resignation
Fifa sponsors, including Visa, Coke, and McDonald's, have welcomed Sepp Blatter's decision to resign as president of football's world governing body. Mr Blatter's decision to step down comes amid a corruption scandal. However, both Visa and Coke…
June 2, 2015
EU ASSESSMENT RECOGNISES HUGE IMPROVEMENT IN PUBLIC FINANCES
The Turks and Caicos Islands (TCI) government has significantly improved the performance of its Public Financial Management (PFM) according to a leading European Union (EU) assessment, it was announced today, Wednesday, 27 May 2015. The TCI’s 2015…
May 29, 2015
US economy shrank in first quarter
The US economy shrank 0.7% in the first three months of 2015, compared to the same period last year. The Bureau of Economic Analysis significantly revised down its earlier economic growth estimate of 0.2%. The previous calculation underestimated the…
May 29, 2015
Greek bank deposits fall to decade low
Greek bank deposits have fallen to their lowest level in more than 10 years, as concerns persist over the country's debt burden and possible exit from the euro. Deposits stood at €139.4bn (£100bn) in April, a 3.9% decline on the previous month,…
May 29, 2015
American Express president dies on flight
American Express said its president, Ed Gilligan, died after becoming ill on a flight to New York. Mr Gilligan started his career at the company as an intern 35 years ago and became vice chairman in 2007 and president in 2013, it said in a…
May 26, 2015
Time Warner Cable in $78.7bn takeover
Charter Communications has agreed to buy media giant Time Warner Cable in a cash and shares deal worth $78.7bn (£52bn). The cash element is worth $55bn, with the rest covered by Charter shares. The new company, which will also include Bright House…
May 19, 2015
GOVERNMENT OUTLINES FINANCIAL YEAR PERFORMANCE
The Turks and Caicos Islands (TCI) government generated a US$77.3m operating surplus for the financial year ending 31 March 2015 it announced today, Wednesday, 13 May 2015. The surplus further consolidates the Islands’ position as one of the…
May 11, 2015
Cable & Wireless Communications Recognized as Avaya Central America and the Caribbean Mid – Market
Cable & Wireless Communications (CWC) today announced it has been recognized as Avaya Central America and the Caribbean Mid-Market Partner of the Yearfor 2014. In addition to this win, Cable and Wireless received nominations for…
May 11, 2015
Caribbean economic growth expected to decline again
Growth in Latin America and the Caribbean is expected to decline for a fifth consecutive year, dipping below one percent in 2015, the IMF said in its latest regional forecast. The IMF’s recently released Regional Economic Outlook for the Western…
May 4, 2015
DIGICEL LAUNCHES CONVENIENT TOP UP APP FOR CUSTOMERS ABROAD AND IN THE CARIBBEAN
Digicel today announced the official launch of its convenient Top Up App which delivers a fast, reliable and convenient way for customers from abroad to send minutes to their family and friends living in the Caribbean anytime. The new top up app…