Global trade is set to reach a record $33 trillion in 2024, according to the latest Global Trade Update published by UN Trade and Development (UNCTAD) on 5 December. This $1 trillion increase, reflecting 3.3% annual growth, highlights resilience in global trade despite persistent challenges. Robust growth in services trade, up 7% for the year, […]
Editorial credit: Luciavonu /shutterstock.com The economy is on track to grow by 4.3% in financial year 2024/25, registering a fourth consecutive year of GDP growth above 3% since Prime Minister Hon. Philip J. Pierre came to Office in July 2021. Following consecutive years of economic declines, from 3.4% in 2017 to 2.9% in 2018 and […]
Photo credit: Caribbean Business Report The Caribbean Development Bank (CDB), through its Office of Integrity, Compliance, and Accountability (ICA), is today hosting a free virtual “Expert Forum on Anti-Corruption in the Age of AI” in observance of International Anti-Corruption Day. The forum is bringing together global experts to discuss the opportunities and risks artificial intelligence […]
Photo credit: Caribbean Business Report The Board of Governors of the Caribbean Development Bank (CDB) announces the election of Mr. Daniel Best, a native of Barbados, as the seventh President of the institution. This decision underscores the Bank’s commitment to visionary leadership and sustainable development across the Caribbean region. Mr. Best brings a wealth of […]
C&W Communications, the operators of Flow, Flow Business, C&W Business and BTC, has reaffirmed its commitment to fostering gender equality and supporting efforts to combat gender-based violence (GBV) as it joins the global movement for the United Nations’ 16 Days of Activism Against Gender-Based Violence. Marking the world’s approach to the 30th anniversary of the […]
By Caribbean Business Report Grenada amassed EC$488 million through investment applications and project approvals in the year 2023, with its Investment Promotion Agency (IPA), being responsible for 81 per cent of the temporary jobs created that year. The EC$488 million was a 55 per cent increase compared to 2022, according to the Grenada Investment Development […]
Photo credit: SouFLoTV Family members confirmed to NBC6 that the man shot and killed in Plantation on Saturday was the suspect’s stepfather. The suspect remains at on the run. Plantation police stated on Saturday afternoon that the incident, which occurred on West Sunrise Boulevard and NW 65th Avenue, was a “domestic situation.”
By Caribbean Broadcasting Corporation The Ministry of Health and Wellness has confirmed two adult cases of the Oropouche virus disease (OROV) in Barbados. OROV, which circulates in Central and South America and the Caribbean, can be transmitted to humans through bites from midges (commonly known as sand flies) and certain Culex mosquitoes, both commonly found in bushy […]
Another CARICOM Member State has ratified the Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction (BBNJ Agreement). Saint Lucia deposited its Instruments of Ratification on 26 November 2024, joining Belize and Barbados in ratifying the BBNJ […]
By dpi.gov.gy | Photo credit: dpi.gov.gy – President Ali, PM Phillips attends memorial service Families, relatives, friends, and loved ones of the Guyana Defence Force (GDF) ranks who lost their lives in a tragic helicopter crash last year gathered on Sunday to honor their service and reflect on their commitment in service to country. President […]