Section
Markets, enterprise, and economic developments.
Lead story
The Barbados Teachers’ Co-operative Credit Union Limited (BTCCUL) reports record income in 2023-2024 annual report. Concerns over delinquent loans addressed with legal assistance ahead of annual meeting.
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Major record labels Sony, Universal, and Warner sue AI start-ups Suno and Udio for alleged copyright infringement. Lawsuits challenge AI firms' rights to use music, seeking $150,000 compensation per work.
US prosecutors recommend criminal charges against Boeing for violating a settlement related to 737 Max crashes that killed 346 people. Boeing denies the breach. DoJ to decide by July 7.
Some vendors at Kensington Oval during the ICC Men’s T20 World Cup express disappointment over high stall rental costs and lower sales impacting profits. Electrical outages also affected business operations.
Unity Workers Union (UWU) considers legal action against Barbados Revenue Authority (BRA) for not recognizing the union despite representing over 100 employees, citing membership numbers and seeking joint recognition.
