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As the airlines across the US are drastically slashing the number of flights, grappling with pilot shortages and rising fuel costs, American Airlines announced that is has partnered with the bus company Landline to resume service at a destination where it flew before the global COVID-19 pandemic, as well as opening a new “route.” Landline has already established…
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While announcing the monetary policy, the Reserve Bank of India (RBI) Governor Shaktikanta Das said it is proposed that the cardless cash withdrawals option will be made available to all banks and ATMs using the Unified Payments Interface (UPI). Currently, the facility is limited only to a few banks. “The absence of need for a…
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Caribbean Airlines along with several key travel and tourism stakeholders met on April 5, in Suriname for the relaunch of commercial operations between Trinidad and Paramaribo, Suriname. The first scheduled flight BW 883 was an early morning arrival on April 05 at Johan Adolf Pengel International airport from the Piarco International Airport. The service was one…
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Bridge Network, one of the first decentralized finance projects launched out of Barbados, has secured $3.8M USD or $7.6M BBD in funding from major technology venture capitalists including FTX Ventures, MEXC Global, Grit Capital, Blockfinex, Master Ventures and Barbadian venture studio, the Abed Group. Founded by Barbadian-Guyanese entrepreneur Kimberly Adams, Bridge Network is a middleware platform that…
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The food giant that owns the Cadbury brand is embroiled in fresh allegations of employing child labour after an investigation obtained footage of children working with machetes on cocoa farms in its supply chain. Children as young as 10 have allegedly been found working in Ghana to harvest cocoa pods to supply Mondelēz International, which owns Cadbury.…
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The Eastern Caribbean Central Bank (ECCB) has received the Central Banking 2022 Green Initiative Award for its Solar Canopy Project. Central Banking is a publication firmly established as the industry’s leading information resource. “I was thrilled that we were recognised for another innovation,” says Governor of the ECCB, Timothy N.J. Antoine. He further stated that the…
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The president of BlackRock investment firm has said that an ‘entitled generation’ of Americans will face the shock of goods shortages for the first time in their lives as supply chain disruptions continue to spur high inflation. ‘For the first time, this generation is going to go into a store and not be able to get what they…
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American Airlines is launching its third destination in Jamaica. Beginning in November, American will launch its first-ever service to Ian Fleming International Airport in Ocho Rios. The new service will operate twice weekly between Miami and Ocho Rios, operated on Embraer E175 aircraft operated by Envoy. And it will make the destination, particularly some of…
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The unprecedented financial sanctions imposed on Russia after its invasion of Ukraine threaten to gradually dilute the dominance of the US dollar and result in a more fragmented international monetary system, a top official at the IMF has warned. Gita Gopinath, the IMF’s first deputy managing director, said the sweeping measures imposed by western countries following Russia’s…
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A system allowing direct rupee-ruble payments in trade between Russia and India could be launched this week, the president of the Federation of Indian Export Organizations (FIEO), A Sakthivel, told CNBC on Wednesday. The arrangement would allow India and Russia to carry out financial operations bypassing the US dollar. Russia is effectively blocked from using…