OTTAWA — Statistics Canada is expected to say this morning precisely how bad a year the Canadian economy suffered in 2020. Preliminary estimates from late January suggested the economy suffered its worst year on record with contraction of 5.1 per cent last year, which would be the worst decline in six decades of comparable data. […]
Category Archives: Business
The changing face of Guyana as a place to do business is continually being manifested in the types of goods and services offered by providers that are moving to ‘put down roots’ here. With oil & gas-related investments continually swelling the investor ranks, an increasing number of what can be termed strategic support services are […]
IT is the world’s biggest fast food chain, with over 38,000 outlets in 119 countries around the world. We all enjoy a Big Mac or Quarter Pounder with cheese, but where did the chain start and who founded it? 5 McDonald’s serves 69 million customers worldwide every dayCredit: Getty Images – Getty Who owns McDonald’s? […]
DOVER, DEL. — The Boy Scouts of America submitted a bankruptcy reorganization plan Monday that envisions continued operations of its local troops and national adventure camps but leaves many unanswered questions about how it will resolve tens of thousands of sexual abuse claims by former Boy Scouts. The plan was filed Monday in Delaware bankruptcy […]
More than five years after bursting into the global oil & gas spotlight following the discovery by a consortium led by the US oil giant ExxonMobil of an excess of 8 billion barrels of oil off the country’s coast, the Guyanese populace as a whole still know shockingly little about the industry as a whole […]
B&Q and Screwfix owner Kingfisher is the latest company to confirm it’ll repay millions of pounds in business rates relief. The retailer today said it’ll pay back the £130million it saved from the government’s business rates holiday. 1 B&Q and Screwfix owner Kingfisher will pay back £130millionCredit: AFP or licensors It follows similar action from […]
A manager at Amazon.com Inc sued the online retailer for discrimination on Monday, saying it hires Black people for lower positions and promotes them more slowly than white workers, and that she was subjected to harassment. The lawsuit from Charlotte Newman, a business development head at Amazon Web Services who is Black, said the company […]
Even as Guyana continues to cast worried glances over its shoulder as the novel coronavirus continues to rage, evidence continues to surface of the emergence of opportunistic business initiatives across the country. Pheadra Williams is a first-time agro-processor whose love for fresh natural ginger-laced juice was being countered by the monotony of having to grate […]
SPORTS Direct boss Mike Ashley has confirmed his Frasers Group business is in talks to buy and rescue collapsed retailer, Debenhams. The 242-year-old department store chain is on the verge of being liquidated after rescue talks to save the business failed, putting its 124 shops and 12,000 jobs at risk. 3 Debenhams is close to […]
TORONTO — Torstar Corp. is making a gamble of its own with plans to start an online casino betting business in 2021 once it goes through a consultation and approval process with the Ontario government, the publishing company announced Monday. A gaming industry consultant hired by Torstar to advise the company said it’s not clear […]