Economic losses are mounting in developing countries due to the absence of widespread COVID-19 vaccinations Geneva – The crash in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021, according to an UNCTAD report published on 30 June.…

(BBC) – Binance, the world’s biggest cryptocurrency exchange, has been banned by the UK’s financial regulator. The Financial Conduct Authority (FCA) has ruled that the firm cannot conduct any “regulated activity” in the UK. It also issued a consumer warning about Binance.com, advising people to be wary of adverts promising high returns on cryptoasset investments.…

Port of Spain, June 21, 2021. Caribbean Airlines today announced its unaudited financial results for the first quarter of 2021, recording a loss of TT$172.7m () and a 75% decline in revenue, compared to the same period in 2020. The losses follow a similar downturn in 2020, which saw an operating loss of TT$738m (US$109.2m)…

Fostering and enhancing the export competitiveness of OECS enterprises is a key goal of the Competitive Business Unit (CBU) of the OECS Commission. This translates to a specific activity of building and strengthening the capacities of OECS entrepreneurs in a business establishment, development, competitiveness and trade. The OECS Manufacturing Sector, across member states, is characterized…

Huawei and Kenya’s mobile phone operator, Safaricom, will provide support to wildlife conservation, officials said Friday. Speaking at a fun run held in Nairobi’s Karura Forest ahead of the June 26 virtual marathon held in Lewa wildlife conservancy located in northern Kenya, executives said protecting iconic species is key to transforming livelihoods. “Environmental sustainability is a…

The Federal Aviation Administration has mandated that US airlines perform repeated inspections of aspects of Boeing 737 Max flight control systems. The airworthiness directive (AD), issued on 16 June, lays out the requirements, which align with instructions Boeing released in December 2020, the FAA states. “All operators of US-registered 737 Max airplanes have already included…

(BBC) – A diamond believed to be the third largest ever found has been put on display in Botswana. The stone – weighing 1,098 carats – was shown to President Mokgweetsi Masisi, two weeks after the diamond firm, Debswana, unearthed it. The huge gem is only slightly less heavy than the world’s second-largest diamond which…

Make Industry Connections From the Comfort of Home or Office! (OECS Press Room) — Travel recovery is in full swing and top Caribbean travel suppliers including destinations, resorts, adventure companies, airlines and cruise lines, are ready to welcome visitors back to the region to enjoy safe, unique experiences. To send a strong and unified message…

Air Canada has announced a list of new international routes that will be a part of its cargo service expansion this fall. The Canadian airline said Monday the cargo-only trips will primarily fly out of Toronto starting in October and connect the city to Miami, Quito, Ecuador, Lima, Peru and Mexico City. The new flights…

(Yahoo News) – Royal Caribbean International has postponed the inaugural sailing of its Odyssey of the Seas cruise ship “out of an abundance of caution” after eight crew members tested positive for COVID-19, the company’s CEO said. Odyssey of the Seas was set to sail from Fort Lauderdale on July 3 and make stops in…