Business
August 1, 2024
Barbados Minister of Energy Announces Breakthrough in Renewable Energy Integration
Minister of Energy Senator Lisa Cummins announces breakthrough in integrating renewable energy into Barbados' grid, addressing delays and grid instability with upcoming battery storage deployment. Optimizing locations to relieve congestion.
August 1, 2024
CrowdStrike Faces Shareholder Lawsuit Over Faulty Software Update Crash | Update Restores Computers After Global Chaos
CrowdStrike faces shareholder lawsuit over faulty software update that crashed 8 million computers globally. Allegations of false statements and market value loss. Company denies claims, outage resolved after 10 days.
August 1, 2024
Barbados Private Sector Association Chairman Optimistic About Economic Growth as Central Bank Reports $12.8 Billion Boost
Barbados Private Sector Association chairman Trisha Tannis discusses the country's economic growth, positive indicators, foreign exchange influx, and improved employment figures on Voice of Barbados.
August 1, 2024
Bridgetown Revitalization Investments Envisage Economic Growth, Job Creation, and Preservation of Barbados' World Heritage Site
Billions invested in revitalizing Bridgetown to bring life back, create jobs, and maintain Barbados' World Heritage Site status. CEO outlines plans for city's transformation and strategic reinvestment areas.
July 31, 2024
US Announces $2 Million Aid Boost for Hurricane-Hit Eastern Caribbean Nations
The US government pledges an additional $2 million in aid for Hurricane Beryl-affected Eastern Caribbean nations, focusing on economic resilience in fisheries, agriculture, and small businesses. Total US investment in the region exceeds $29 million.
July 30, 2024
Barbados' Economy Set for Boost as Crop Over Festivities Drive High-end Ticket Sales
Barbados' economy receives a boost from high-spending partygoers at Crop Over last lap events, with premium tickets selling for up to $300 and a variety of fetes and cruises attracting both locals and foreigners.
July 30, 2024
Recommendation for Export Diversification in Caribbean Countries Post-COVID-19: Insights from CDB Study
Barbados and other Caribbean countries are advised to diversify exports for economic growth post-COVID-19. Study by Caribbean Development Bank highlights benefits and policy considerations for export diversification.
July 30, 2024
Economy of Barbados Shows Robust 4.5% Growth in First Half of 2024, Boosted by Tourism Sector
Barbados' economy sees robust 4.5% growth in the first half of 2024, driven by record tourism performance, construction, manufacturing, and agriculture sectors. Unemployment rate drops to 6.9%. Inflation moderates.
July 30, 2024
Barbados Rum Industry Seeks Sugar Boost for Expansion, Says Agriculture Minister
Barbados rum industry poised for expansion, faces sugar shortage. Agriculture Minister highlights need for increased sugar production to meet growing demands of world-class rum sector. Sugar industry privatization and challenges discussed.
July 30, 2024
Barbados Positioned as Potential Supply Hub for Caribbean Cruise Lines, Emphasizing Consistency in Manufacturing, Says Tourism Minister Ian Gooding-Edghill
Barbados aims to become a key cruise supply hub in the Caribbean. Tourism Minister emphasizes the need for consistent local goods supply to cater to major cruise lines. Networking seminar focuses on standards and logistics for domestic producers.
July 29, 2024
Venezuela's President Maduro Declared Winner in Presidential Election Amid Controversy
Venezuela's President Nicolás Maduro wins presidential election with 51% of the vote, sparking opposition claims of fraud. Result could impact the country's economy and international alliances.
July 29, 2024
Manpower Shortages at Crop Over Festival as Local Entertainment Sector Rebounds Post-Pandemic
Manpower shortages during Crop Over Festival due to increased events and workers exiting the entertainment sector. Industry faces challenges in skilled personnel availability post-COVID-19 shutdown. Opportunities for improvement highlighted.