United Airlines will pay more than US$49 million to avoid criminal prosecution and settle civil charges of defrauding the U.S. Postal Service in the delivery of international mail. The Justice Department said Friday that former employees of United’s cargo division falsified parcel-delivery information between 2012 and 2015. Prosecutors said that as a result, United collected […]
Tag Archives: Business
“You just got to scrape along and gut it out,” he said. “We’re really struggling to get by.” But in Ms. Arnone’s other field, home appraising, her friends and colleagues are reaping rewards from the booming housing market, where January sales were up 23.7 percent from a year earlier, according to the National Association of […]
With the economically crucial tourism industries of most member countries of the Caribbean Community (CARICOM) impacted to varying degrees by the coronavirus pandemic, the group is collectively engaged in fashioning a joint tourism policy that seeks to restore the fortunes of a sector without which the region could be confronted with a severe and protracted […]
Business Newsday 2 Days Ago On balancing confidentiality against the public interest, the task may not be to weigh the impact upon the company/bidder against the good of society, but rather the good of society against the importance of preserving confidences. Photo taken from imdcorporate.co.uk – RISHI MAHARAJ Non-disclosure agreements (NDAs) and clauses are a […]
Business Newsday 2 Days Ago An aerial view of Port of Spain. To the right is the Port of Port of Spain. – Jeff K. Mayers LAST WEEK, a dismal picture of the Public Service emerged at the proceedings of the Parliament’s committee set up to probe “ease of doing business.” The Town and Country […]
Business Diana Mahabir-Wyatt 2 Days Ago A view of the refinery from Marabella. The OWTU is challenging the Finance Minister’s reasons for rejecting its bid, for a third time, for the refinery. File photo – DIANA MAHABIR-WYATT I stood in my shoes and I wondered this week. I have been doing a lot of that […]
Business Ryan Hamilton-Davis 2 Days Ago The Atlantic LNG plant, Point Fortin. NGC chairman Conrad Enill says TT has natural gas resources that will last for the next 40 years. FILE PHOTO – In the energy industry, a promise is a comfort to a fool. Now, more than ever, mistakes, wrong moves and bad decisions […]
There is a growing ambivalence in the business community about present business conditions in Jamaica. This is seen in the latest Survey of Businesses’ Inflation Expectations for December 2020, which was released earlier this week by the Bank of Jamaica (BOJ). In the survey, which captures the perception of chief executive officers, managing directors and […]
The Caribbean Development Bank (CDB) is projecting an average gross domestic product (GDP) growth of 3.8 per cent in 2021. The CDB said that its projection of growth comes after an extremely difficult year in which the economies of its 19 borrowing member countries (BMCs) contracted by 12.8 per cent on average due to the […]
by Marlon Madden As Cabinet gets ready to approve changes to a plan that was set up to help keep tourism industry workers employed, and with a dramatic reduction in tourism arrivals, more hoteliers have been applying for financial assistance. Chief Executive Officer of the Barbados Hotel and Tourism Association (BHTA) Senator Rudy Grant reported […]