Business
June 27, 2024
Barbados Central Bank Mandates Reporting Major Cyber Incidents Within Four Hours for Financial Institutions
The Central Bank of Barbados enforces new regulations mandating prompt reporting of major cyber incidents by financial institutions to enhance cybersecurity in response to the rising trend of online banking adoption.
June 26, 2024
Explore CIBC Caribbean's New Ways to Bank Digital Hub for Convenient Access to Digital Services
CIBC Caribbean introduces Ways to Bank Digital Hub, offering clients centralized access to digital banking services for convenient and efficient everyday transactions. Mobile and desktop-friendly platform enhances control over finances.
June 26, 2024
Market Hill Project Progress Delayed, Kiosks for Small Businesses Remain Government Focus, MP Toni Moore Confirms
Government officials in St George North address delays in Market Hill project for small business kiosks. Vending bill passed, progress made, urgency emphasized for safe vending zones across the island.
June 25, 2024
Barbados Cybersecurity Threats: Insights and Solutions for Online Safety
Barbados faces cybersecurity threats with citizens vulnerable due to limited awareness. Unofficial apps like GB WhatsApp pose risks, lacking encryption and potentially harboring malware. Vigilance and 2FA are crucial for protection.
June 25, 2024
BTCCUL Reports Record Income, Addresses Delinquent Loans in 2023-2024 Annual Report
The Barbados Teachers’ Co-operative Credit Union Limited (BTCCUL) reports record income in 2023-2024 annual report. Concerns over delinquent loans addressed with legal assistance ahead of annual meeting.
June 25, 2024
Major Record Labels Sue AI Start-ups for Alleged Copyright Violation in Landmark Case
Major record labels Sony, Universal, and Warner sue AI start-ups Suno and Udio for alleged copyright infringement. Lawsuits challenge AI firms' rights to use music, seeking $150,000 compensation per work.
June 25, 2024
US Prosecutors Recommend Criminal Charges Against Boeing for Violating Settlement on 737 Max Crashes
US prosecutors recommend criminal charges against Boeing for violating a settlement related to 737 Max crashes that killed 346 people. Boeing denies the breach. DoJ to decide by July 7.
June 24, 2024
Vendors at Kensington Oval Face Challenges During ICC Men's T20 World Cup
Some vendors at Kensington Oval during the ICC Men’s T20 World Cup express disappointment over high stall rental costs and lower sales impacting profits. Electrical outages also affected business operations.
June 22, 2024
Unity Workers Union Considers Legal Action Against Barbados Revenue Authority for Non-Recognition Issue
Unity Workers Union (UWU) considers legal action against Barbados Revenue Authority (BRA) for not recognizing the union despite representing over 100 employees, citing membership numbers and seeking joint recognition.
June 21, 2024
Export Barbados CEO Highlights Growing Trade with Africa, Eyes Ten-Fold Growth
Export Barbados has experienced a notable surge in trade with Africa, aiming for ten-fold growth. CEO Mark Hill emphasizes increasing confidence and trust, focusing on service trade and intellectual property.
June 20, 2024
Encouraging Trade Between Caribbean and African Firms: Insights from Afreximbank's Trade and Investment Conference in the Bahamas
Afreximbank's conference in the Bahamas focused on enhancing trade between Caribbean and African firms, addressing challenges like logistics, scalability, and regulatory frameworks to foster sustainable partnerships and ventures. The event aimed to boost economic prosperity and correct historical barriers, highlighting the potential for growth and poverty reduction in both regions.
June 20, 2024
Improving Retirement Planning and Financial Literacy in Barbados: Wealth Managers Urge Citizen Engagement
Wealth managers in Barbados emphasize the importance of improving retirement planning and financial literacy. Addressing concerns about state pensions and double taxation on pensions is crucial for citizens' financial security.