Business

Breaking News Today 5/19/22 Existing home sales slide for third straight month. Housing activity tumbled for the third straight month in April, as soaring borrowing costs weighed on would-be buyers. Existing home sales fell to a seasonally adjusted 5.61 million units in April from a month earlier, according to the National Association of Realtors (NAR). That was down 2.4% from March […More]

CARIBBEAN EXPORT HELPING REGIONAL BUSINESSES REBOOT AND RECOVER Caribbean Export Development Agency Launches Annual Results Report BARBADOS (May 6, 2022) – The Caribbean Export Development Agency is playing a key role in helping regional small businesses emerge from the economic onslaught of the COVID-19 pandemic by preparing them for the export market. Delivering a video message at the launch of […More]

Guyana’s govt hoping to develop hemp industry Georgetown – President Mohamed Irfaan Ali, says he is optimistic that Guyana can develop a viable hemp industry by exploiting and capitalizing on the value-added aspects of the plant. Speaking at the recent opening of the Police Officers’ Conference, President Ali said government will be moving in this direction. “The hemp industry is […More]

Rents reach ‘insane’ levels across US with no end in sight Krystal Guerra’s Miami apartment has a tiny kitchen, cracked tiles, warped cabinets, no dishwasher and hardly any storage space. But Guerra was fine with the apartment’s shortcomings. It was all part of being a 32-year-old graduate student in South Florida, she reasoned, and she was happy to live there […More]

TRUMP COMPANY ACCUSED OF FRAUD New York AG says Trump’s company misled banks, tax officials NEW YORK (AP) — The New York attorney general says her investigators have uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” valuations of its golf clubs, skyscrapers and other property to get loans and tax benefits. In a court filing late […More]

Bad news for home buyers: Mortgage rates have soared to their highest levels since March 2020 By Jacob Passy Investors are pulling interest rates higher, which threatens to push would-be buyers out of the housing market Interest rates are surging on the heels of data showing a concerning outlook for inflation — and home buyers are set to pay the price. […More]

PM ROWLEY SAYS THAT PUBLIC SERVICE WORKERS MUST BE VACCINATED PM: Government workers required to be vaccinated from mid-January From mid-January, government workplaces will require vaccinated workers. Prime Minister Dr Keith Rowley made the announcement at a media conference at the Diplomatic Centre, St Ann’s on Saturday. He said: “It is the intention of the government, come mid-January, to insist […More]

BARBADOS PLANS TO DEVELOP OUT OF THIS WORLD Barbados Is Opening a Diplomatic Embassy in the Metaverse When Barbados, population 287,370, opens its next embassy, almost anyone on the planet will be able to knock on the door. The diplomatic compound is being built in Decentraland, an online world, or metaverse, accessible through a computer and a virtual reality headset. […More]

TIME IS RUNNING OUT FOR BUSINESSES TO GET SBA LOANS Howard Hughes Time is running out for businesses to get COVID-19 assistance from the Small Business Administration (SBA). The program is set to expire on December 31st, 2021; however, the SBA is encouraging businesses in low-income areas to apply for the Targeted Advance grant of $10,000 through the end of […More]

IS A HOUSING MARKET CRASH LOOMING? Will the Housing Market Crash in 2022? Historically low mortgage rates and droves of people working from home due to the pandemic made the housing market red-hot this year. Demand was high and supply was low, leading to a hyper-competitive market where more than half (54%) of homes sold above list price, according to a […More]