Business
April 10, 2025
Barbados Braces for Economic Impact of US Tariffs on Tourism Sector and Cost of Living
Barbados faces economic challenges due to US tariffs, impacting tourism, inflation, and living costs. Economist Jeremy Stephen warns of ripple effects on Caribbean economies, including potential tourism decline.
April 10, 2025
Ice Shortage at Bridgetown Fisheries Complex Disrupts Fishing Operations During Easter Season
Severe ice shortage at Bridgetown Fisheries Complex hampers fishing operations during Easter season. Fishermen struggle with delays and dwindling earnings due to ice machine breakdown since December.
April 10, 2025
Meta Whistleblower Alleges National Security Compromise for $18 Billion Chinese Market: US Senators Hear Testimony
Former Meta whistleblower alleges company prioritized business in China over national security, providing CCP access to user data. Meta denies claims, citing interest in China but no current operations there.
April 10, 2025
Barbados Prime Minister Warns of Rising Insurance Costs and Climate Risks
Prime Minister Mia Mottley warns of existential challenges for Barbados and small island states due to soaring insurance costs, climate risks, and global climate crisis inaction. Industries struggle to stay competitive.
April 10, 2025
Cricket West Indies President: 2024 ICC Men’s T20 World Cup a 'Transformative Moment' for Caribbean Economy
CWI president Dr Kishore Shallow discusses the economic impact of the 2024 ICC Men’s T20 World Cup on the Caribbean region, highlighting significant benefits for tourism, business, and regional pride.
April 10, 2025
Masquerade Bands Navigate Challenges with Rising Shipping Tariffs on Chinese Goods
Masquerade bands for Crop Over face challenges with rising shipping tariffs on Chinese goods imposed by the Trump administration, potentially impacting costume production and financial costs.
April 9, 2025
President Trump Announces 90-Day Tariff Pause for Most Nations, Implements 125% Tariff on Chinese Goods
President Trump announced a 90-day pause on tariffs for all nations except China, implementing a 125% tariff on Chinese goods due to lack of respect in markets. Over 75 nations are negotiating trade terms with the US.
April 9, 2025
Navigating Challenges in Regional Trade: Impact of Proposed U.S. Trade Actions on Caribbean Economies - Analysis by Dr. Kai-Ann D Skeete
In a changing world order, small countries face challenges in international trade. The US proposal on Chinese ships could impact regional economies, urging Caribbean states to seek exemptions for economic stability.
April 8, 2025
Black Moguls Rihanna Fenty and Tyler Perry Tie for 14th on Forbes' World Billionaires List
Barbados' Rihanna and Tyler Perry rank 14th among 23 black moguls on Forbes' World Billionaires list. Michael Jordan, Oprah Winfrey, and Jay-Z also feature in the top rankings.
April 6, 2025
Global Trade War Impacts Consumer Sentiments on Rising Prices: A Wait-and-See Approach
Some consumers express concerns over potential price hikes due to the global trade war. Strategies discussed include buying local, purchasing in bulk, and adapting to changing circumstances.
April 6, 2025
Barbados Consumer Group Criticizes Government's Customs Valuation Measure Impact on Consumers
The Barbados Consumer Empowerment Network (BCEN) expresses concern over the Government's customs valuation measures favoring commercial importers, potentially neglecting consumer protection. Head Maureen Holder highlights equity issues and lack of price benefits for consumers.
April 6, 2025
Decoding the Globalisation Debate: Fact vs. Fiction on US Economic Impact
The article explores the impact of globalization on the US economy, debunking the narrative that it solely harmed the country. It highlights increased wealth, job shifts, and the importance of managing globalization effectively.