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CCRIF: Barbados Govt gets US$2.5 million after Elsa

CCRIF: Barbados Govt gets US$2.5 million after Elsa


Grand Cayman, Cayman Islands – Following Tropical Cyclone Elsa, Caribbean Catastrophe Risk Insurance Facility (CCRIF) made two payouts to the Government of Barbados under the country’s tropical cyclone and excess rainfall parametric insurance policie...

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Central Bank Governor: Economy grows by 5.5 per cent

Central Bank Governor: Economy grows by 5.5 per cent


However, performance continues to be restrained by the protracted global presence of the COVID-19 pandemic......

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Bezos offers US$2bn to assist race to the Moon

Bezos offers US$2bn to assist race to the Moon


Washington – Jeff Bezos has offered to cover $2bn (£1.4bn) of Nasa costs in order to be reconsidered for a key contract to build a Moon landing vehicle. In April, the space agency awarded the $2.9bn contract to Elon Musk, rejecting a bid from Bezo...

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IMF approves reforms to concessional lending facilities

IMF approves reforms to concessional lending facilities


Washington – The Executive Board of the International Monetary Fund (IMF) has approved a set of reforms to the fund’s concessional lending facilities to better support Low Income Countries’ (LICs), such as those in the Caribbean, during the COVID-19 ...

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Investing in Barbados the right decision

Investing in Barbados the right decision


Barbados is now home to a global leader in information technology (IT) governance and software assurance, another sign of the country’s attractiveness to international investors. While some companies opted to hunker down and weather the COVID-19 s...

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Investor impressed with local work ethic

Investor impressed with local work ethic


Barbados’ intellectual talent and work ethic has left a lasting impression on Simone Hildebrand. The chief executive officer (CEO) of GeekSeat, a global technology services and staffing company, was aware of Barbados’ reputation as a holiday desti...

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Diaspora a key market, says travel journalist

Diaspora a key market, says travel journalist


The Caribbean has been urged to target the diaspora in source markets for tourism business as a new sector, coming out of the coronavirus (COVID-19) pandemic. The suggestion was made yesterday by award-winning travel journalist Lebawit Lily Girma,...

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Zoom bets billions on future of home working

Zoom bets billions on future of home working


Video conferencing firm Zoom has struck a multibillion dollar deal to buy a cloud-based call centre operator in a bet on the future of hybrid working. The firm announced the $14.7bn (£10.7bn) acquisition of Five9 in a blog post on Sunday. Zoom ...

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CDB, EIB sign €30 million agreement for members to buy vaccines

CDB, EIB sign €30 million agreement for members to buy vaccines


Bridgetown – The Barbados-based Caribbean Development Bank (CDB) Tuesday signed a €30 million agreement with the European Investment Bank (EIB) that will assist borrowing member countries (BMCs) to procure vaccines and other health-related supplies a...

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Ambassador: France keen on boosting relations

Ambassador: France keen on boosting relations


France’s new non-resident ambassador to Barbados, H.E. Jacques-Henry Heuls says that France is keen to “boost” its relations with Barbados. Heuls conveyed his country’s intention during a courtesy call on Minister of Foreign Affairs and Foreign Tr...