Business
November 12, 2024
Barbados Youth Unemployment Declines but Remains Higher than Global Average: ILO Report
Barbados experiences a decline in youth unemployment, though rates remain higher than global averages. Data shows improvement in job opportunities, particularly in sectors like retail and hospitality.
November 12, 2024
Barbados Marks Milestone with American Airlines Inaugural Flight from Philadelphia
Barbados marks a tourism milestone as American Airlines' nonstop Flight AA 549 from Philadelphia, piloted by Barbadians, lands at Grantley Adams International Airport. Officials and local culture welcome passengers.
November 12, 2024
Analyzing Potential Impacts of Trump's Tariffs on Tech Market & Elon Musk's Support in Post-Election Landscape
Analysis of Trump's second term implications on tech and business. Focus on tariffs on Chinese imports, Musk's support, and potential impacts on tech market and manufacturing.
November 10, 2024
Barbados Light & Power Company Adopts Temporary Generation Solution to Meet Increasing Energy Demands
Barbados Light & Power Company addresses growing electricity demand by renting 11MW of temporary generation units due to insufficient batteries for renewable energy storage. Concerns raised over cost recovery methods.
November 9, 2024
Business Barbados Transition Ensures Job Security and Efficient Service: Minister Lisa Cummins
Minister Lisa Cummins assures no job losses as CAIPO transitions to Business Barbados, offering staff options to join the new entity or stay in central Government roles with improved efficiency.
November 8, 2024
American Economist Proposes New Tax Agreements for Caribbean Nations to Capture Overseas Income
American economist Jeffrey Sachs proposes new tax agreements for Caribbean nations to collect taxes from nationals working overseas. Suggestions include climate resilience, education, and economic partnerships for fiscal challenges in the region.
November 7, 2024
US Federal Reserve Chairman Defends Independence Amid Speculation over Tenure Amid Trump Presidency
US Federal Reserve chairman Jerome Powell refutes speculation of post jeopardy under Trump's administration. Fed cuts borrowing costs amid concerns over inflation, tariffs, tax cuts, and immigration policies.
November 7, 2024
Barbados Fishing Industry Demands Government Fulfill Promises Amid Hurricane Beryl Aftermath
Opposition leader Ralph Thorne demands government fulfill promises of financial aid for fishing industry post-Hurricane Beryl. Discontent among fisherfolk over delayed support payments; industry critical to Barbados' economy and culture.
November 7, 2024
ESPN Caribbean Secures Exclusive Media Rights Deal with Cricket West Indies Through 2030
CWI secures a six-year media rights deal with ESPN Caribbean for exclusive coverage of West Indies Men’s and Women’s home matches and CG United Super50 Cup from 2024 to 2030.
November 7, 2024
Barbados Prime Minister Mia Mottley & Honorary Consul Regina Sixt Collaborate to Expand Airlift with Germany and Western Europe
Barbados Prime Minister Mottley and Honorary Consul Sixt aim to resume airlift with Germany, Western Europe, and Scandinavia. Discussions include co-marketing efforts and pursuing corporate business opportunities.
November 7, 2024
Increase in Customer Bills Expected as Barbados Light & Power Company Defends Rental of Generators for Grid Demands
Barbados Light & Power Company defends renting generators to meet grid demands, resulting in higher customer bills. FTC approves cost recovery through Fuel Clause Adjustment. Plans for battery storage capacity announced.
November 7, 2024
Barbados Light and Power Company's Temporary Rate Increase Criticized by Consumers Ahead of Holiday Season
Barbadian consumers criticize Fair Trading Commission's approval of temporary rate increase for Barbados Light and Power Company, citing concerns over impact on cost of living and lack of competition.