October 1, 2024
Xi Jinping is worried about the economy
China’s sputtering economy has its worried leaders pulling out all the stops.They have unveiled stimulus measures, offered rare cash handouts, held a surprise meeting to kickstart growth and tried to shake up an ailing property market with a raft of…
September 18, 2024
BAHAMAS Government to sign new agreement for 400 room hotel
The Bahamas government says it expects to sign on Tuesday, a heads of agreement with Baha Mar for the construction of a new 400-room hotel in the country. Baha Mar, which is located in the Cable Beach area of New Providence, opened the Grand Hyatt…
September 17, 2024
Dominica signs multi-million dollar loan for improving the capital
Dominica has signed a US$41 million loan agreement with the Saudi Fund for Development (SFD) for a project aimed at enhancing the capital, Roseau, and which the government said will play a major role in the future socio-economic development of the…
August 28, 2024
Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go ahead
NEW YORK (AP) — The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer. Bronfman, executive chairman of streaming service Fubo, told Paramount’s special…
July 23, 2024
CrowdStrike shares hit again as IT disruption continues
Shares in cybersecurity firm CrowdStrike have plunged more than 13% as the company reckons with the aftermath of causing a global IT outage. Chief security officer Shawn Henry said the incident had been a "gut punch" for the firm, which had…
July 22, 2024
‘Significant number’ of devices back up after IT outage -CrowdStrike
Cybersecurity firm CrowdStrike says "a significant number" of devices that were impacted by a global IT outage on Friday are now back online. In a social media post, the company - whose faulty security update caused Microsoft Windows computers to…
June 10, 2024
RBC appoints Kerryl Henry as Country Manager
RBC Royal Bank (Bahamas) Limited ("RBC”) recently appointed Kerryl-Lyn King-Henry as Country Manager and Area Vice President ("AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI). In her new role as Country Manager and AVP,…
June 5, 2024
Regional central bank governors pledge to deal with a host of financial issues facing the Caribbean
The Caribbean Community (CARICOM) Committee of Central Bank Governors has reaffirmed its commitment to using every tool in their monetary policy arsenal to combat inflation, ensure financial stability, and promote efficiency and innovation in…
May 18, 2024
THE TURKS AND CAICOS ISLANDS RECORD GROWTH IN AIR AND CRUISE ARRIVALS IN FIRST FOUR MONTHS OF 2024
The Turks and Caicos Islands have recorded a growth in air and cruise arrivals in the first four months of 2024. From January to April, the Turks and Caicos Islands saw 271,326* air arrivals, an increase of 10.46 percent over 2023 which saw 245,637…
May 14, 2024
LAC economies to grow more than two per cent in 2024
The Economic Commission for Latin America and the Caribbean (ECLAC) has revised slightly upwards, the growth projection for the economies for Latin America and Caribbean (LAC) countries in 2024. According to the new estimates, ECLAC forecasts that…