Business
July 6, 2024
Insurance Fraternity Considers Tailored Solutions for Fisherman Amid Hurricane Beryl Devastation
Insurance industry in Barbados considers tailored solutions for fisherfolk affected by Hurricane Beryl, similar to policies for public service vehicle and jet ski operators. Collaboration may lead to more affordable blanket policies.
July 6, 2024
Barbados Prime Minister Announces Rescue Plan for Fishing Industry After Hurricane Damage
Prime Minister Mia Mottley unveils a rescue plan for Barbados' fishing industry post-Hurricane Beryl, including funding measures, a Benevolent Fund, and Business Interruption Benefit extension for fisherfolk.
July 5, 2024
Samsung Electronics Expects 15-Fold Profit Surge in Q2 2024 Amid AI Chip Boom
Samsung Electronics anticipates a 15-fold profit increase in Q2 2024, driven by AI chip demand. The tech giant's shares rose over 2% in early trading, surpassing analyst expectations.
July 4, 2024
Grenada Requests Debt Payment Suspension Due to Hurricane Beryl Devastation | Latest Update 2022
Grenada requests debt payment suspension due to Hurricane Beryl devastation. National debt at US$0.77 billion in 2022. Task forces established to assess impact and coordinate relief efforts.
July 4, 2024
2024 Atlantic Hurricane Season Breaks Records: Importance of Business Resilience Amid Climate Crisis
The 2024 Atlantic hurricane season sees early record-breaking storms, highlighting climate change impacts. Businesses urged to build resilience through sustainable practices and strategic planning for natural disaster risks.
July 4, 2024
Barbados Fishing Industry Faces Challenges After Hurricane Beryl: Insurance Industry Responds
Insurance industry in Barbados remains optimistic despite Hurricane Beryl's impact on fishing boats. President of GIAB assures insured boat owners will be covered, highlighting the need for support for uninsured.
July 4, 2024
Beryl's Passage: Business Sector Unscathed, Yet Concerns Linger on Security and Impact
Hurricane Beryl's impact on the business sector in Barbados was minimal, but concerns remain about food, water security, and electricity. President of BCCI emphasizes the need for stronger building structures.
July 3, 2024
Bridgetown Fisheries Complex Faces Uncertainty After Hurricane Beryl Devastates Fishing Fleet
The Bridgetown Fisheries Complex faces challenges after Hurricane Beryl destroys fishing fleet, leaving over 65 boats wrecked or submerged. Vendors express concerns over livelihood and future fishing prospects.
July 3, 2024
Improvements in West Indies Cricket Stakeholder Engagement: Insights from Chairman Dr Keith Mitchell
Dr. Keith Mitchell, Chairman of the West Indies Cricket Sub-Committee, discusses improved relationships between players and administrators, emphasizing stakeholder engagement and talent retention in the modern cricket landscape.
July 3, 2024
Barbados' General Insurance Industry Faces Challenges Amid Escalating Reinsurance Costs: Analysis from 2023 Financial Stability Report
Barbados' General Insurance Industry faces challenges with underinsurance, limited reinsurance, and escalating costs, impacting the country's disaster recovery capabilities. Details from the 2023 Financial Stability Report are discussed.
July 3, 2024
Barbados Government Commits to Tighter Spending Controls, Aims for High Primary Surplus: IMF Report
Government of Barbados aims to tighten spending, focusing on wages to achieve a higher primary balance surplus. IMF report outlines commitments for fiscal responsibility and economic reform.
July 2, 2024
Greece Implements Six-Day Work Week Amid Productivity Push, Drawing Criticism
Greece implements a controversial six-day work week to boost productivity, drawing criticism from labor unions. The law allows additional hours for certain businesses but excludes food service and tourism workers.