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    August 12

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imf

IMF sees Caribbean economy shrinking 6.2% in 2020 due to pandemic

30 April 2020

WASHINGTON - A sudden stop in tourism caused by border closures and lockdowns aimed at containing the coronavirus pandemic will cause a 6.2% contraction of the Caribbean economy in 2020, the deepest recession in over half a century, the IMF said on Wednesday. Read More

virginatlanticflightstatus

Talks over future of Virgin Atlantic

26 April 2020

Virgin Atlantic is still talking with the British government about a bailout package to cope with the devastating effects of the coronavirus outbreak on travel as well as focusing on private sector funding, a company spokeswoman told Reuters. Read More

barbados-light-and-power-spring-garden

Electrical Safety during Lockdown

25 April 2020

Stay at home. Flatten the curve. Globally, these pleas are being made to reduce the spread of the novel coronavirus COVID-19. In compliance, schools, businesses and even churches are closed, and people are studying, working and shopping remotely. Read More

woman-in-airport

EU considering rules for safe air travel

24 April 2020

BRUSSELS/CHICAGO – The European Commission will next month present a set of rules for the safe reopening of air travel when coronavirus lockdowns end, including social distancing in airports and planes, while some United States airlines are taking their own protective... Read More

ravi-rambarran

Sagicor hosting virtual town hall on Friday

23 April 2020

Sagicor Life Inc. will be hosting a virtual town hall meeting for clients across the Caribbean. Read More

tourism

Tourism can rebound, says UN body

20 April 2020

MADRID – The United Nations’ World Travel Organisation (UNWTO) has noted the tough times that Caribbean and tourist-dependent countries are undergoing amid the novel coronavirus (COVID-19) pandemic, but predicts that the industry will rebound soon. Read More

alejandro-werner

IMF official warns of 'lost decade'

18 April 2020

WASHINGTON – A senior International Monetary Fund (IMF) official has warned that Latin America and the Caribbean (LAC) countries face the spectre of another “lost decade” during the 2015–25 period amid the coronavirus (COVID-19) pandemic. Read More

warren-smith

CDB invests in regional COVID-19 fight

04 April 2020

The Board of Directors of the Caribbean Development Bank (CDB) met this week and approved up to US$140 million to be used by the Bank’s Borrowing Member Countries to tackle the fallout of the COVID-19 pandemic and other shocks to their economy. Read More

british-airways

Thousands of British Airways staff might be suspended

02 April 2020

IAG-owned British Airways is expected to announce a suspension of about 36 000 of its employees, BBC News reported on Wednesday. Read More

courtesy-garage

Courtesy cuts 14 workers

29 March 2020

The growing uncertainty and widespread damage being inflicted by the COVID-19 pandemic is forcing one of Barbados’ oldest companies, Courtesy Garage Ltd to reduce its payroll. Read More

stocks-march-24

Global stocks climb sharply

25 March 2020

NEW YORK – There was further financial turbulence on Tuesday when stock markets around the world climbed sharply higher, as investors grappled with the economic impact of the coronavirus COVID-19. Read More

sheena-mayersgranville

WATCH: Coping with COVID-19

20 March 2020

Executive director of the Barbados Employers' Confederation, Sheena Mayers-Granville, spoke to Nation News about sick leave, working from home and the impact COVID-19 is having on business in Barbados. Read More

dwight-sunderland

Retailers, distributors take stand against price gouging

20 March 2020

Following is an edited statement by the Barbados Chamber of Commerce and Industry. Members of the Barbados Chamber of Commerce and Industry (BCCI) have pledged to maintain food and commodity prices at stable levels as COVID-19 continues to affect economies around... Read More

remote-work

Employers told to push remote work

18 March 2020

Employers are being urged to implement a strategy to protect their workers, customers and the general public as Barbados battles the deadly coronavirus (COVID-19) pandemic. Read More

stephen-austin

COVID-19 hits Barbados’ tourism sector

17 March 2020

COVID-19 is dealing Barbados’ tourism sector severe blows. Read More

stock-market

Global markets take another dive

17 March 2020

Global stock markets have sunk again despite central banks around the world announcing a co-ordinated effort to ease the effects of the coronavirus. Read More

pope-virtual-hug-march-16

EU rushing to aid small, medium businesses

16 March 2020

BRUSSELS – The European Union could provide 28-40 billion euros immediately to support small and medium sized companies hit by the effects of the coronavirus pandemic, the European Investment Bank said in a letter to EU finance ministers. Read More

automated-teller-machine

Avoid going to the bank, says association

14 March 2020

The Barbados Bankers Association (TBBA) is urging members of the public to avoid going to the bank and use the online services as it monitors the emergence of COVID-19 cases across the Caribbean. Read More

chaps-meeting

BHTA help for ex-workers

06 March 2020

The Barbados Hotel and Tourism Association (BHTA) says it is working with its members to provide jobs for the 149 people displaced by the abrupt closure of Chaps Restaurants Ltd.’s three entities Cin Cin By The Sea, Primo Bar & Bistro and Hugo’s Barbados on Monday.... Read More

bhtalogo

BHTA statement on closure of CHAPS restaurants

03 March 2020

The Barbados Hotel and Tourism Organisation has expressed concern about the “regrettable news” of the closure of the CHAPS Restaurant entities, Cin Cin By The Sea, Primo Bar & Bistro and Hugo’s Barbados. Read More

stock-exchange

Stocks hit by coronavirus fears

25 February 2020

BEIJING/SEOUL/NEW YORK – The coronavirus death toll climbed to seven in Italy on Monday and several Middle East countries were dealing with their first infections, sending markets into a tailspin over fears of a global pandemic even as China eased curbs with no new... Read More

POLL

Should Government provide back-to-school assistance for parents who lost their jobs because of COVID-19?

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