October 2, 2013
Goldman Sachs’ Blankfein warns on debt ceiling impasse
Goldman Sachs' boss Lloyd Blankfein has warned that a failure to raise the nation's borrowing limit would be "extremely adverse". The warning came after a meeting between US president Barack Obama and 15 heads of big firms on Wednesday. Business…
October 2, 2013
CARICOM and Spain reach agreement on citizen security project
The Caribbean Community (CARICOM) says it has entered into an agreement with Spain for a citizen security project that will focus on youth and gender issues, as well as youth entrepreneurship. The Guyana-based CARICOM Secretariat said the…
October 2, 2013
Ryanair fined 8m euros by French court
A French court has fined Ryanair more than 8m euros (£6.7m) after ruling that it had broken local labour laws. The court found Ryanair acted illegally when it employed more than 120 staff on Irish contracts at its former Marseille operating hub…
October 2, 2013
Gonsalves acknowledges Liat challenges and disappointments
Chairman of the shareholder governments of the regional airline, LIAT, Dr. Ralph Gonsalves has acknowledged that the airline has been a terrible disappointment to the Caribbean travelling public in recent months. “LIAT was terribly disappointed to…
September 23, 2013
TCIG has advised the Blue Ribbon Taxation Commission to defer implementation of the General Services Tax (GST)
The Cabinet of the Turks and Caicos Islands Government (TCIG) with advice from the recently established Blue Ribbon Taxation Commission has announced its decision to defer implementation of the General Services Tax (GST) and Temporary Drivers…
September 23, 2013
Blackberry agrees preliminary deal to be sold to Fairfax
Struggling smartphone maker Blackberry has agreed in principle to be bought by a consortium led by Fairfax Financial for $4.7bn (£3bn). Blackberry said in statement that Fairfax, its largest shareholder, had offered $9 a share in cash to buy the…
September 23, 2013
Apple sells 9 million of its new iPhone models
The company said that sales of the iPhone 5S and 5C had beaten previous launches of new phones. Apple said demand for the 5S had outstripped supply and Apple shares rose almost 6% on the news before falling back to trade 4% higher. The 5S has a…
September 23, 2013
UK Prime Minister says’TURKS AND CAICOS ISLANDS IS NOT A TAX HAVEN’
The Turks and Caicos Islands is one among several of the Overseas Territories rejoicing at the declaration made by UK Prime Minister, David Cameron. During the recent sitting of the House of Commons, Minister Cameron strongly defended the Overseas…
September 23, 2013
Scotia Celebrates small Business Week
Scotiabank (Turks and Caicos Islands) Limited will be celebrating Small Business Week. The Branches will be focusing on entrepreneurs with a series of activities which include a branch open house with complimentary resources for small businesses,…
September 21, 2013
Blackberry to cut 4,500 jobs amid earnings plunge
Blackberry has announced it is planning to cut 4,500 jobs, or 40% of its worldwide workforce, in an attempt to staunch huge losses. The smartphone maker said it anticipated a loss of as much as $995m (£621m) when it reports its second-quarter…