Caribbean Business Reports

Technology

T-Mobile offers up yet another TV streaming service

Yet another service provider is jumping into the TV streaming wars. This time it’s T-Mobile...

Oct 27 | BY

Investment

Pandemic pummelling foreign investment — UN

The coronavirus crisis is expected to drag foreign direct investment down by up to 40...

Oct 27 | BY

Money

Jack Ma’s wealth surges above Walmart heirs’ with record Ant IPO

Jack Ma, the former English teacher who co-founded Alibaba Group Holding Ltd with US$60,000, is...

Oct 26 | BY

Travel

British Airways parent company slashes passenger forecast

The parent company of British Airways has cut its fourth-quarter passenger forecast to just 30%...

Oct 22 | BY

Energy

Exxon CEO plans lay-offs, underscores faith in fossil fuels

Exxon Mobil Corp plans to lay off an unspecified number of employees as low oil...

Oct 22 | BY

Economy

China’s economy plows on as world’s only major growth engine

China’s recovery from the coronavirus pandemic continued in the third quarter and showed signs of...

Oct 19 | BY

Employment

Air Canada CEO Calin Rovinescu to retire in February

Air Canada President and CEO Calin Rovinescu is retiring in February and will be succeeded...

Oct 16 | BY

World

IMF warns global economy could be permanently scarred

The global economy’s recovery from the pandemic recession is tentative and uneven and “marked by...

Oct 15 | BY

Energy

Nigeria’s State oil giant reduces annual loss after slashing costs

Nigeria’s State oil company said its annual loss shrivelled to just a few million dollars...

Oct 15 | BY

World

Walmart to spread out deals to avoid Black Friday crowds

Walmart says it will spread out its traditional one-day Black Friday deals over three weekends...

Oct 14 | BY

World

Apple unveils new iPhones for faster 5G wireless networks

Apple unveiled four new iPhones equipped with technology for use with faster new 5G wireless...

Oct 14 | BY Paul Allen

Economy

JPMorgan, Citi expect an economic grind rather than a spiral

Two of the biggest US banks are gaining confidence that the pandemic won’t send the...

Oct 13 | BY

World

Delta posts US$5.38 billion 3Q loss as pandemic hammers travel

The summer travel season was even worse than expected for Delta Air Lines, which lost...

Oct 13 | BY

World

IMF sees sharp 4.4% drop in global growth for 2020

The International Monetary Fund (IMF) foresees a steep fall in international growth this year as...

Oct 13 | BY

Aviation

British Airways CEO replaced as company fights for survival

British Airways has replaced CEO Alex Cruz after 4 1/2 years on the job as...

Oct 12 | BY

Energy

Saudi Arabia may face budget squeeze after 2021, Moody’s says

Saudi Arabia may not be able to rely on annual dividends of almost US$75 billion...

Oct 09 | BY

Technology

Samsung’s profit beats estimates after US sanctions hit rival Huawei

Samsung Electronics Co reported earnings that beat analyst estimates after the South Korean tech giant’s...

Oct 08 | BY

Social Development

Up to 150 million could join extreme poor — World Bank

Up to 150 million people could slip into extreme poverty, living on less than US$1.90...

Oct 07 | BY

Finance

Wells Fargo cuts over 700 Jobs in commercial banking

Wells Fargo & Co cut more than 700 commercial-banking jobs as it embarks on workforce reductions...

Oct 07 | BY Josimar Scott

Retail

Pandemic pushes start of holiday shopping earlier than ever

Add last-minute holiday shopping to the list of time-honoured traditions being upended by the coronavirus...

Oct 05 | BY