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  • We must give back to UWI, valedictorian urges

    October 28, 2018 5:32 AM 18

    The University of the West Indies (The UWI) alumni have a critical role to play in propelling the university forward and should give back to the institution both financially and in time, Kai Bridgewater 2018 class valedictorian has said. Bridgewater, a Jamaican student who received a Bachelor of Laws with first class honours at The UWI Cave Hill graduation

  • Lin-Manuel Miranda unveils $3-M plan for Puerto Rico coffee

    October 26, 2018 5:22 AM 16

    SAN JUAN, Puerto Rico (AP) — Hamilton creator Lin-Manuel Miranda says several organisations have pledged nearly US$3-million to help revive Puerto Rico's struggling coffee industry. The non-profit Hispanic Federation and Nespresso have each pledged $1 million, and The Rockefeller Foundation has given US$500,000. The Starbucks Foundation has given US$470,000 and Starbucks

  • US brands falter in Consumer Reports auto reliability survey

    October 26, 2018 5:00 AM 16

    American auto companies such as General Motors, Tesla and Ford faltered this year in Consumer Reports' reliability rankings as readers reported more mechanical trouble with their vehicles. The magazine and website said all US-based brands fell to the bottom half of 29 brands in the rankings. Lexus and Toyota were once again at the top. Consumer Reports

  • Pakistan gets US$6 billion in Saudi aid after PM attends forum

    October 25, 2018 6:08 AM 12

    ISLAMABAD, Pakistan (AP) — Prime Minister Imran Khan's decision to attend a Riyadh investment conference despite the outcry over the killing of a Saudi journalist has coincided with an agreement for a US$6- billion assistance package from the oil-rich kingdom, a crucial infusion of cash as Pakistan grapples with a soaring deficit. Analysts say the Saudi

  • Company gauges interest for boosting Dakota Access capacity

    October 24, 2018 4:49 AM 14

    The developer of the Dakota Access pipeline is gauging shippers' interest in a possible expansion of the volume of crude oil moved through the pipeline from 500,000 barrels to 570,000 barrels per day, despite ongoing tribal efforts to shut the pipeline down. Texas-based Energy Transfer Partners began seeking commitments from shippers to transport additional

  • But wait, there’s more

    October 19, 2018 5:00 AM 9

    I write with reference to your published article 'Judge's retirement nullifies $29b lawsuit: Richard Lake Case against NCB to be tried again' in last Friday's issue of the Financial Gleaner. Your article is bereft of certain pertinent facts which form the substratum of this case. These facts, which ought to be noted, are as follows. Fundamentally, after

  • Access Financial makes first foreign acquisition

    October 18, 2018 5:04 PM 7

    The transaction is expected to be finalised within three months, Access said in a stock market filing. Calls to CEO Marcus James for comment were not returned. Access Financial operates from 25 branch locations, which includes its subsidiaries. The company made two acquisitions recently — the assets of rival Damark Limited for $180 million and Micro

  • Khashoggi case: no-shows at Saudi investment conference

    October 17, 2018 7:07 PM 12

    DUBAI, United Arab Emirates (AFP) — Corporate bigwigs are pulling out of an investment conference in Saudi Arabia next week concerned by the fate of missing journalist Jamal Khashoggi, despite the risk of losing business with the kingdom. Others are staying mum over their intentions while foreign politicians such as US Treasury Secretary Steven Mnuchin

  • Trump calls Federal Reserve his 'biggest threat'

    October 17, 2018 6:10 AM 11

    WASHINGTON, United States (AFP) — President Donald Trump reignited his controversial criticism of the central bank Tuesday, calling the Federal Reserve his “biggest threat”. Trump followed up previous strong attacks on the Fed by complaining again that interest rates are rising too quickly. “My biggest threat is the Fed, because the Fed is raising rates

  • Trump warns Honduras to halt migrant 'caravan' or lose US aid

    October 17, 2018 6:10 AM 11

    WASHINGTON, United States (AFP) — President Donald Trump yesterday warned Honduras he will cut millions of dollars in US aid if a group of about 2,000 migrants is not prevented from seeking to reach the United States. The migrants, forming what is known as “a caravan”, were hoping to leave the impoverished, violence-plagued country and head north on the long journey