Business
April 14, 2025
Lenstec Barbados Eyes Export Opportunities Amid US-China Trade War Uncertainty
Lenstec, a Barbados medical device manufacturer, monitors export opportunities amid the US-China trade war. Uncertainty surrounds potential impacts on its intraocular lenses and competitiveness in China.
April 14, 2025
Donald Trump's Decision on Tariffs for Chinese-Made Electronics Sparks Stock Market Reaction
Donald Trump announces Chinese-made smartphones and electronics won't be exempt from tariffs, shifting them to a different levy category. European markets rise after some products escape up to 145% tariffs. China urges cancellation of tariffs, while US plans semiconductor tariff. Sony raises PlayStation 5 prices in Europe, citing economic challenges.
April 14, 2025
Barbados Light & Power Company Outlines Opportunity for Solar Integration with Recent FTC Decision on Battery Storage
Barbados Light & Power Company Ltd (BL&P) anticipates increased customer interest in integrating additional solar power following a Fair Trading Commission decision on battery storage. Safety and reliability are key concerns.
April 13, 2025
Chinese Officials Urge Trump to Cancel Reciprocal Tariffs Amid Ongoing Trade War
Chinese officials urge President Trump to cancel reciprocal tariffs amid ongoing trade war. Trump announces tech product exemptions from tariffs, but no immediate thaw in protectionist stance between US and China.
April 13, 2025
Significant Reduction of Unclaimed Imported Cars at Bridgetown Port Eases Congestion with Auction Notice
Significant reduction in congestion at Bridgetown Port as unclaimed imported cars are auctioned off. CEO notes improved efficiency with most vehicles claimed, easing operations at the facility.
April 12, 2025
US Exempts Smartphones and Electronic Devices from Chinese Tariffs, Offering Relief to Tech Industry
US exempts smartphones, computers, and electronics from reciprocal tariffs, easing concerns for tech companies. Move seen as significant reprieve in US-China trade tensions, benefiting big tech firms like Apple and Nvidia.
April 12, 2025
Trump Administration Exempts Electronics from Reciprocal Tariffs, Benefit for Tech Companies and Consumers
The Trump administration exempts smartphones, laptops, and electronics from tariffs, benefiting tech giants like Apple and Samsung, and aiming to keep consumer electronics prices down.
April 12, 2025
Dr William Duguid Commends Inauguration of Africa-Atlantic Trade and Investment Corridor Centre in Abuja, Nigeria
The opening of the first Africa-Atlantic Trade and Investment Corridor (AATC) Centre in Abuja strengthens ties between Africa and the Caribbean, symbolizing Africa's growing global influence.
April 12, 2025
Barbados Receives 30 Additional Electric Buses from China, Boosting Fleet to 89
Barbados receives 30 electric buses from China, expanding its fleet to 89 vehicles. The donation aims to enhance public transport and promote clean energy transition on the island.
April 12, 2025
Transforming Export-Import Strategies for Businesses in Response to Global Trade Disruptions: Insights from Export Barbados CEO
Mark Hill, CEO of Export Barbados (BIDC), highlights the need for Barbadian businesses to adapt export-import strategies amid global trade disruptions. Emphasis on long-term agreements and economic stability in the face of US-China tensions.
April 10, 2025
Barbados Welcomes New Resident Ambassador of Colombia: Strengthening Diplomatic Relations and Trade Opportunities
Minister of Foreign Affairs Kerrie Symmonds welcomes Colombia's new resident Ambassador to Barbados, emphasizing the potential for enhanced bilateral cooperation and economic opportunities between the two countries.
April 10, 2025
Avian Flu Outbreaks Lead to Egg Price Spikes, Industry Struggles to Recover
Bird flu outbreaks led to price spikes as over 30 million egg-laying chickens were culled. Egg prices surged to $5.90 in February due to the impact on production.