WASHINGTON — Neera Tanden, President Biden’s nominee to head the Office of Management and Budget, suffered a significant setback on Monday as two moderate Republicans said they would not support her nomination, potentially dooming her chances for confirmation. The statements of opposition from Senators Susan Collins of Maine and Mitt Romney of Utah, two Republicans […]
Category Archives: Business
OTTAWA — The federal government ran a deficit of $248.2 billion through the first nine months of its 2020-21 fiscal year as spending soared due to the pandemic. The result for the April-to-December period compared with a deficit of $11 billion in the same period a year earlier. The government says in its fiscal monitor […]
Refusing to surrender to the rampaging assault on their livelihoods by the ravages of COVID-19 the members of the Mocha Arcadia Multipurpose Agriculture Cooperative Society are set to stage their second Producers Market Day in two months on Sunday February 21, Chairman of the Society Raeburn Jones told Stabroek Business earlier this week. Hastening to […]
Business Rachael Espinet Thursday 18 February 2021 Alana Ramlal, manager of Up Boutique at Queen’s Park Oval, Port of Spain, shows some of the work clothes available at the boutique. PHOTOS BY AYANNA KINSALE – The fashion industry is the second largest polluter in the world; the oil and energy industry is the first. The […]
Kelly-Ann Browne’s love of doing hair runs deep. And even though she has worked in retail, childcare, and other sectors, her passion for hair trumped all, and she is now living her dream as a highly sought-after natural hairstylist. It all started when the young business owner and mother would occasionally accommodate a few clients […]
Barita Investments has purchased a 20 per cent stake in supermarket and distribution company Derrimon Trading. This minority stake acquisition was made via Derrimon’s recently concluded additional public offering (APO) of shares in which it raised over $4 billion through the sale of just over 1.8 billion shares. The APO was fully underwritten by Barita. […]
SINCE January 1, following the end of the Brexit transition period, doing business with Europe has changed, and businesses have been preparing to make the most of this new start. Bradfords Bakers, a luxury hamper business based in East Kilbride, Scotland, has been sending its products around the world for decades. 2 Get stuck in […]
WASHINGTON — President Biden came into office with plans to help the economy recover from the coronavirus pandemic and spur a domestic manufacturing revival for goods such as automobiles and semiconductors. But one month into his presidency, a global chip shortage has shuttered auto factories in the United States, slowed shipments of consumer electronics and […]
GameStop Corp shares shot higher in early trading on Thursday before a series of NYSE trading halts, a day after an unexpected surge doubled the price of the video game retailer’s stock. The stock hit US$160 at the open before being halted after several minutes of trading. Shares were changing hands at around US$129 […]
The economic impact of the ongoing COVID-19 pandemic and the indelible mark that it has left on tourism industry in the Caribbean is reportedly doing little to interfere with the prediction by the International Monetary Fund (IMF) that the region will record some level of growth this year. A week ago today newsamericas’ Caribbean Business […]