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    December 17

  • 11:05 PM

butterfield

Butterfield to acquire Deutsche Bank’s GTS business

28 October 2017

HAMILTON, Bermuda – Bermuda-based Butterfield Bank has announced it is to acquire Deutsche Bank’s Global Trust Solutions (GTS) business, excluding its operations in the United States. Terms of the agreement – which will give the bank a foothold in Singapore – have... Read More

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Oil up 2 per cent, Brent hits $60 per barrel on support for extending curbs

28 October 2017

NEW YORK – Oil prices jumped about 2 per cent on Friday, with global benchmark Brent crude rising above $60 per barrel, on support among the world’s top producers for extending a deal to rein in output and as the dollar retreated from three-month peaks. Saudi Arabia... Read More

paolo-serpi

Barbados/Italian Republic DTA enters into force

27 October 2017

The Double Taxation Agreement (DTA) between the Government of Barbados and the Italian Republic has entered into force in accordance with Article 30 of the Agreement. The instruments of ratification for the Convention for the Avoidance of Double Taxation with Respect... Read More

viking-sea

Viking Sea makes inaugural visit to Barbados 

26 October 2017

Barbados Port Inc. (BPI) yesterday officially welcomed Viking Sea, from Viking Ocean Cruises, at the Bridgetown Port during an inaugural ceremony onboard the vessel. This vessel’s visit will no doubt be a boost for the local cruise industry, which has for the last... Read More

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Grenada government defends use of extra revenue for capital projects

26 October 2017

ST GEORGE’S – The Grenada government Tuesday defended its decision to use surplus revenue for development projects here as well as “for all government financial obligations”. Works Minister Gregory Bowen speaking at the end of the weekly Cabinet meeting here, said... Read More

imex-america

Another successful IMEX America for BHTA members and Barbados

24 October 2017

Members of the Barbados Hotel and Tourism Association (BHTA) recently returned from a successful showing at IMEX 2017, America’s largest worldwide exhibition for incentive, travel, meetings and events. The Barbados contingent, which included BHTA member hoteliers... Read More

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Record breaking disaster response by CARILEC members

24 October 2017

CASTRIES – The Caribbean Electric Utility Services Corporation (CARILEC) Disaster Assistance Programme (CDAP) for disaster relief and electricity restoration has been in full action during the very active 2017 Atlantic hurricane season. Thus far the secretariat has... Read More

apple-animoji

Apple hit with trademark lawsuit over iPhone X ‘animoji’ feature

23 October 2017

NEW YORK – A Japanese software company is suing Apple Inc in a US court over the trademark for the term “animoji”, alleging the US technology company stole the name to use on a feature of its iPhone X. Tokyo-based Emonster kk sued Apple on Wednesday in federal court... Read More

bitcoin

Bitcoin soars to record high above $6 000

22 October 2017

NEW YORK – Bitcoin surged to a record high of more than $6 000 on Friday, pushing its market capitalisation to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies.... Read More

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BES president predicts another downgrade for Barbados

19 October 2017

Barbados should brace itself for another downgrade by the international rating agencies before year-end. That prediction is coming from president of the Barbados Economic Society, Jeremy Stephen, who was a panellist at a discussion for International Business Week... Read More

roseaudominica

Dominica welcoming 'voluntourism' in wake of Hurricane Maria

19 October 2017

While it has taken a hard hit following the passage of Hurricane Maria one month ago, Dominica’s tourism sector is open for some business. In a statement today from Daphne Vidal, project officer for the island’s tourism agency, the Discover Dominica Authority, a... Read More

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More youths entering green economy

19 October 2017

Barbadians are beginning to warm up to the idea of a green economy. That is the word from national coordinator of the GEF Small Grants Programme (Barbados) David Bynoe, who said younger people were also turning to the fund for assistance. Read More

sagicor-donation

Sagicor donates to Dominica air relief efforts

18 October 2017

Sagicor has committed USD$20,000 to regional airline LIAT to assist in its ongoing relief and evacuation efforts for Dominica in the wake of Hurricane Maria. Donald Austin, Chief Executive Office of Sagicor Life (Eastern Caribbean) Inc, shared his sentiments on the... Read More

sainsbury-s

Sainsbury’s cutting 2 000 jobs in UK

18 October 2017

Sainsbury’s, Britain’s second biggest supermarket group behind Tesco, is seeking to cut up to 2 000 jobs, mainly in its payroll and human resources departments, a company spokesman said on Tuesday. Sainsbury’s is consulting on measures that would lead to a loss of... Read More

microsoft

Microsoft responded quietly after detecting secret database hack in 2013

18 October 2017

Microsoft Corp’s secret internal database for tracking bugs in its own software was broken into by a highly sophisticated hacking group more than four years ago, according to five former employees, in only the second known breach of such a corporate database. The... Read More

krystle-clear-bloc-new

Debt Restructuring - the Big Picture

13 October 2017

We have repeatedly heard that Barbadians should not be concerned with the downgrades from international rating agencies as the current government administration has no plans to borrow money on the international market. Given the timing of the next elections, this... Read More

dion-foulkes

Bahamas government to meet bankers over fee increases

11 October 2017

The Bahamas government said today that it would meet with members of the banking community next week to discuss reported increases in service fees and charges by the financial institutions. A brief statement by the Ministry of Labour noted that the Consumer Affairs... Read More

junior-sparks-scotia

Still buyer's market in real estate

11 October 2017

It is still a buyer’s market. This is the assurance coming from Junior Sparks, Real Estate Broker with Global Estate Agency Inc. who offered his comments on the real estate market in Barbados ahead of a home ownership Expo to be hosted at Scotiabank, Sky Mall this... Read More

kenya-mobile-money

Mobile wallet catching on in Jamaica

11 October 2017

Subscribers to the GK MPay mobile wallet use it largely to buy phone credit rather than for transactions such as consumer purchases or bill payment. But GraceKennedy Limited says the product is still in its early stages and the company is still educating persons... Read More

bitcoin

Traffickers in Jamaica turning to Bitcoin

11 October 2017

The Jamaican police is refining strategy to hit human traffickers “in the pocketbook”, says Deputy Superintendent of Police Carl Berry, even as the perpetrators are increasingly burrowing underground by switching to cryptocurrencies to hide their transactions. Berry... Read More

apple

Chinese state media report bloated battery in iPhone 8

06 October 2017

BEIJING – A fresh case of Apple Inc’s new iPhone popping open due to a swollen battery has been reported in state media in China, the world’s biggest smartphone market where the US firm is seeking to revive faltering sales. The incident comes as Apple investigates... Read More

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