Business

Roving Response Team Reaffirms Suspension of Assistance to Barbados Police for Vehicle Accidents and Oil Spills

August 9, 2024

Roving Response Team Reaffirms Suspension of Assistance to Barbados Police for Vehicle Accidents and Oil Spills

The Roving Response Team (RRT) has suspended assistance to The Barbados Police Service for motor vehicle accidents and oil spills due to financial pressures, but remains committed to disaster relief efforts.

Geopolitical Tensions in the Middle East: Concerns for Barbados Economy

August 9, 2024

Geopolitical Tensions in the Middle East: Concerns for Barbados Economy

Geopolitical tensions in the Middle East raise concerns for Barbados economy. Economist Jeremy Stephen warns of potential logistical issues, inflation, and impact on cost of living due to global conflicts.

UK's FTSE 100 Rises as US Economy Fears Ease; Global Markets React Positively

August 9, 2024

UK's FTSE 100 Rises as US Economy Fears Ease; Global Markets React Positively

UK's FTSE 100 index rose as US economy concerns eased, following strong US market performance. Global markets recover, but analysts predict continued volatility amid upcoming events and central bank decisions.

Barbados GIAB President Highlights Funding Gap for Boat Owners Post-Natural Disasters

August 9, 2024

Barbados GIAB President Highlights Funding Gap for Boat Owners Post-Natural Disasters

President of GIAB Randy Graham highlights the potential limitations of mandatory third-party boat insurance for Barbados' fisheries sector post-natural disasters, citing a significant funding gap exposed by Hurricane Beryl.

Barbados Dairy Sector Receives Boost with Imported Canadian Heifers, Aims for Sustainable Growth

August 8, 2024

Barbados Dairy Sector Receives Boost with Imported Canadian Heifers, Aims for Sustainable Growth

Barbados' dairy sector is set to receive a boost with the importation of 180 heifers from Canada, aiming to address production concerns and foster sustainable growth. Efforts are underway to reverse declining milk production trends.

Legislation Underway for Mandatory Fishing Boat Insurance in Response to Hurricane Damage

August 8, 2024

Legislation Underway for Mandatory Fishing Boat Insurance in Response to Hurricane Damage

New legislation is being developed to require insurance for fishing boats in response to Hurricane Beryl's impact. The focus is on third-party liability coverage to meet international standards.

Adrian AC Clarke Contemplates Skipping 2025 Calypso Monarch Defense Amid Major Business Ventures

August 7, 2024

Adrian AC Clarke Contemplates Skipping 2025 Calypso Monarch Defense Amid Major Business Ventures

2024 Calypso Monarch Adrian AC Clarke hints at not defending title next year due to conflicting plans, focusing on major projects in 2025 including Party Monarch and Fire Fete events.

Bridgetown Retail Sector Surges in July Boost, Fueled by Crop Over Festival, Says Business Leader

August 7, 2024

Bridgetown Retail Sector Surges in July Boost, Fueled by Crop Over Festival, Says Business Leader

Bridgetown's retail trade sees a boost in July due to Crop Over festival, with diverse events attracting consumers. Challenges remain in sustaining appeal year-round, says business leader Eddy Abed.

Revitalising Bridgetown Beyond Flagship Projects: Insights from Leading Businessman Eddy Abed

August 7, 2024

Revitalising Bridgetown Beyond Flagship Projects: Insights from Leading Businessman Eddy Abed

Barbados Chamber of Commerce chairman Eddy Abed advocates for revitalizing Bridgetown by repopulating the city center to attract businesses and create a vibrant evening scene, emphasizing the importance of private sector involvement.

Barbados Optional Savings Scheme (BOSS) Bonds Investors Repaid $4.5 Million as Securities Matures: Central Bank Governor Encourages Reinvestment in BOSS Plus Instruments

August 6, 2024

Barbados Optional Savings Scheme (BOSS) Bonds Investors Repaid $4.5 Million as Securities Matures: Central Bank Governor Encourages Reinvestment in BOSS Plus Instruments

Barbados Optional Savings Scheme (BOSS) bondholders from 2020 receive $4.5 million upon maturity. Central Bank Governor encourages reinvestment in new BOSS Plus instruments for increased returns and interest. Private sector remains primary holder of Government securities.

interCaribbean Airways Unveils Custom-Painted 'Spirit of Grenada' ATR 42-500 Aircraft at Maurice Bishop International Airport

August 5, 2024

interCaribbean Airways Unveils Custom-Painted 'Spirit of Grenada' ATR 42-500 Aircraft at Maurice Bishop International Airport

interCaribbean Airways unveils custom-painted ATR 42-500 aircraft with Grenada flag at Maurice Bishop International Airport. Symbolizes gratitude for Grenada's support post-Hurricane Beryl. Dignitaries attend ceremony.

US Judge Rules Google Acted Illegally to Maintain Online Search Monopoly, Uncertain Future for Big Tech Giants

August 5, 2024

US Judge Rules Google Acted Illegally to Maintain Online Search Monopoly, Uncertain Future for Big Tech Giants

US judge rules Google illegally maintained a monopoly on online searches and ads. Decision could impact tech giants. Google paid billions for default search status. Antitrust regulators pursue Big Tech lawsuits.

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