Business

Guardian Holdings rocked by higher reinsurance premiums but still able to increase profitability

While the Caribbean region did not suffer from any significant losses due to hurricanes last year, regional insurance giant Guardian Holdings Limited has been rocked by higher reinsurance premiums.

Ansa McAL profits decline in turbulent year for regional conglomerate

Despite being a diversified Caribbean conglomerate with a reach stretching past eight other countries other than its home state of Trinidad & Tobago, Ansa McAL Limited still ended up with a 10 per cent decline in total revenue of...

Huawei offers solutions for smart cars

Huawei has launched a complete set of intelligent car modules and components with Huawei Inside branding. The company is adopting a strategy of supplying the highly valuable ICT solutions and components to car manufacturers rather than building its smart...

Skip 'Hey Google'

An experimental Google Assistant feature codenamed “Guacamole” will give you the power to issue voice commands without having to preface it with “Hey, Google ”. Guacamole has...

Neymar becomes a Power Ranger

Brazilian soccer star Neymar is the first pro athlete to be featured in Fortnite in outfits straight out of Power Rangers . The Fortnite series, launched yesterday, include battle pass skin, cosmetics, and quests for PlayStation 4,...

Olympics going virtual

Imagine Olympic athletes winning gold from the comfort of their homes. Endorsed by the Olympic Committee in partnership with five sports federations, the Olympic Virtual Series will run from May 13 to June 23. It will operate via the sport's respective publisher platform where...

The ever-popular Ponzi

NOVEMBER 2020 was the 100-year anniversary of the imprisonment of Charles Ponzi – infamous creator of the fraudulent scheme to which he gave his name. Exactly a century later, Gutemberg Dos Santos, founder of AirBit Club, a cryptocurrency mining and trading company, was charged in...

World Bank financing for COVID-19 vaccine roll-out reaches US$2 billion

The World Bank says that it has reached US$2 billion in approved financing for the purchase and distribution of COVID-19 vaccines for 17 developing countries. This financing is part of the US$12 billion pledged for developing countries to acquire and deploy vaccines and...

World economy could lose up to 18% GDP from climate change

A lack of action in combatting climate change over the next 30 years could cause the global economy to shrink by some 18 per cent, a report by the Swiss Re Institute reveals.

US home prices rose 11.9% in February, fastest since 2014

WASHINGTON, United States (AP) — US home prices rose in February at the fastest pace in nearly seven years as strong demand for housing collided with a tight supply of homes on the market.

Record-setting VM Group

Victoria Mutual (VM) Group is reporting net surplus of $2.64 billion for 2020, the best in the history of the financial services entity.

FCIB Jamaica posts rare loss

IN what was already a difficult time for local commercial banks grappling with the fallout from the novel coronavirus pandemic, CIBC FirstCaribbean International Bank Jamaica posted its first known loss of $273.5 million, compared to a net profit of $598.8 million in the 2019 financial...