Barbados is on the road to electrifying its transportation, but Central Bank Governor Cleviston Haynes wants the effort accelerated as the country pursues its “ambitious target” of becoming a fully renewable energy economy by 2030. He said so as the Central Bank published Barbados Statistical Service (BSS) data showing that in recent times the importation of hybrid vehicles, which still required fuel to function, were outnumbering fully electric vehicles. Haynes …
While the cost of living is high, increasing wages to give Barbadians more spending power “is not really a good idea”, says Central Bank Governor Cleviston Haynes. He believes Government’s recently-announced effort to reduce electricity prices and the cost of food was the better move. Haynes was speaking after National Union of Public Workers General Secretary Richard Green told the Daily Nation that while the price relief was welcomed, “we …
Global economic forecasting firm Oxford Economics says the threat of an international recession has increased, but it believes that the probability of a global financial crisis-style downturn is remote. Ben May, who is the organisation’s director of global macro research, said they still saw positive but weak growth as “the most likely scenario”. “The risk of global recession over the coming quarters has clearly grown. But rather than the increasingly …
Global food prices fall again, but are still higher than 2021 nationnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationnews.com Daily Mail and Mail on Sunday newspapers.
Auditor General Leigh Trotman says that based on public records, the property housing the abandoned Four Seasons Project has been transferred to a private company but he has seen no evidence of payment related to the transaction. Trotman gave an update on the matter in a follow-up audit in his 2021 annual report, one year after he raised concern about $120 million related to the project being written off in …