BARBADOS-TRADE-Barbados to host inaugural AfriCaribbean Trade and Investment Forum
Black Immigrant Daily News
The content originally appeared on: Cana News Business
Post Content
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John Krishnadath: ‘De SVB zoekt al langer dan een maand naar nieuwe bondscoach’
Black Immigrant Daily News
The content originally appeared on: De Ware Tijd Online
door Ricky Wirjosentono PARAMARIBO — Het bestuur van de Surinaamse Voetbalbond (SVB) zag vorig week het vertrek van bondscoach Stanley
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La lutte contre l’inflation va “faire souffrir”…
Black Immigrant Daily News
The content originally appeared on: Guadeloupe FranceAntilles
La lutte contre l’inflation aux Etats-Unis “va faire souffrir les ménages et entreprises” américains mais y renoncer serait encore plus dommageable pour l’économie, a prévenu vendredi le patron de la Banque centrale (Fed) Jerome Powell.
Dans une déclaration d’une rare franchise, prononcée à la conférence des banquiers centraux de Jackson Hole (Wyoming), le président de la Fed a averti que la Banque centrale américaine userait “vigoureusement de ses outils” en relevant les taux d’intérêt.
Revenir à la stabilité des prix “prendra du temps” et entraînera “une longue période de croissance plus faible” ainsi qu’”un ralentissement du marché du travail”, a-t-il dit, à quelques mois des élections de mi-mandat pour l’administration démocrate de Joe Biden.
L’inflation aux Etats-Unis caracolait à 8,5% en juillet sur un an, contre 9,1% en juin, un plus haut en 40 ans, selon l’indice des prix à la consommation CPI. D’après un autre indicateur très observé par la Fed, l’indice PCE, publié vendredi, elle s’est inscrite à 6,3%, contre 6,8% sur un an.
Le président Joe Biden s’est félicité de ce repli mensuel de l’inflation assurant que les Américains commençaient à connaître “un soulagement”, grâce “aux prix de l’essence qui ont reculé tous les jours cet été”, dans un communiqué. Mais “on a encore du travail à faire”, a-t-il ajouté.
Pour M. Powell, “si ces dernières baisses de juillet sont bienvenues, une amélioration sur un mois seulement est loin d’être suffisante” et nécessitera d’être confirmée.
La Fed veut ramener la hausse des prix autour de 2%, et cette politique aura “une série de “coûts regrettables”, a-t-il déploré.
Il a redit que la Fed était prête à “une autre forte hausse exceptionnelle des taux” à la prochaine réunion du Comité monétaire du 21 septembre, après déjà deux tours de vis consécutifs de 75 points de base à chaque fois.
Le banquier central a prévenu les marchés que les taux d’intérêt iraient en territoire “restrictif”, c’est-à-dire ralentissant l’économie.
Il a aussi indiqué que la barre du taux neutre qui reflète le niveau idéal des taux, généralement évalué autour de 2,5%, pour ne créer ni de surchauffe ni refroidir l’économie, n’était plus guère d’actualité pour l’instant.
– L’héritage de Volcker –
M. Powell a admis “qu’à un certain stade, il sera opportun de ralentir le rythme des relèvements de taux” mais il a ajouté un bémol à cette notion, qui avait réjoui les marchés financiers récemment.
“L’histoire montre qu’il faut prendre garde à ne pas relâcher la politique monétaire trop tôt”, a-t-il prévenu, dans ce message qu’il a voulu “direct”.
Comme chaque année, mais cette fois plus encore, le discours du dirigeant de la plus puissante des Banques centrales était au centre de toutes les attentions lors du symposium de Jackson Hole, en présentiel pour la première fois depuis 2019.
M. Powell a reconnu que “l’inflation actuelle était un phénomène mondial et que beaucoup d’économies dans le monde faisaient face à une hausse des prix égale voire plus haute que celle des Etats-Unis”.
Pour refroidir la surchauffe des prix, depuis le printemps, la Réserve fédérale a fait passer les taux au jour le jour, qui influencent tous les autres crédits, de zéro à une fourchette entre 2,25% et 2,50%.
A plusieurs reprises dans sa déclaration, M. Powell a cité un illustre prédécesseur à la tête de la Banque centrale, Paul Volcker, crédité d’avoir su juguler une inflation galopante au début des années 1980.
“C’était un discours +faucon+”, résumait Paul Ashworth, économiste pour Capital Economics, faisant référence, dans le langage des banquiers centraux, au clan des partisans d’une politique monétaire ferme qui se focalise d’abord sur l’inflation, à l’inverse des “colombes”, plus préoccupées par le taux de chômage.
“Pas une miette pour les colombes !”, renchérissait Ian Shepherdson de Pantheon Macroeconomics.
Sur les marchés, le dollar qui avait nettement faibli dans un premier temps après l’intervention du patron de la Fed, se stabilisait vers 16H15 GMT à l’exacte parité avec l’euro à 1 dollar pour 1 euro (+0,22% pour l’euro).
A Wall Street, les trois indices accusaient le coup devant le ton ferme de la Fed, l’idée d’un coût de l’argent plus cher avec la hausse des taux grevant les perspectives de financement et de résultats des entreprises, notamment dans le secteur de la technologie.
L’indice Dow Jones lâchait 1,84%, le Nasdaq, à dominante technologique, plongeait de 2,83% et le S&P 500 de 2,15%.
NewsAmericasNow.com
La lutte contre l’inflation va “faire souffrir”…
Black Immigrant Daily News
The content originally appeared on: Guadeloupe FranceAntilles
La lutte contre l’inflation aux Etats-Unis “va faire souffrir les ménages et entreprises” américains mais y renoncer serait encore plus dommageable pour l’économie, a prévenu vendredi le patron de la Banque centrale (Fed) Jerome Powell.
Dans une déclaration résolue et d’une rare franchise, prononcée à la conférence des banquiers centraux de Jackson Hole (Wyoming), le président de la Fed a averti que la Banque centrale américaine userait “vigoureusement de ses outils” en relevant les taux d’intérêt.
Revenir à la stabilité des prix “prendra du temps” et entraînera “une longue période de croissance plus faible” ainsi qu’”un ralentissement du marché du travail”, a-t-il martelé dans un discours exceptionnellement bref mais déterminé, à quelques mois des élections de mi-mandat pour l’administration démocrate de Joe Biden.
L’inflation aux Etats-Unis caracole à 8,5% en juillet sur un an, contre 9,1% en juin, un plus haut en 40 ans, selon l’indice des prix à la consommation CPI.
D’après un autre indicateur très observé par la Fed, l’indice PCE, publié vendredi, elle s’est inscrite à 6,3%, contre 6,8% sur un an.
“Si ces dernières baisses de juillet sont bienvenues, une amélioration sur un mois seulement est loin d’être suffisante” et nécessitera d’être confirmée, a déclaré M. Powell.
La Banque centrale veut ramener la hausse des prix autour de 2%, et cette politique aura “une série de “coûts regrettables”, a déclaré M. Powel.
Il a redit que la Fed était prête à “une autre forte hausse exceptionnelle des taux” à la prochaine réunion du Comité monétaire du 21 septembre, après déjà deux tours de vis consécutifs de 75 points de base (0,75%).
Le banquier central a prévenu les marchés que les taux d’intérêt iraient en territoire “restrictif” et que la barre du taux neutre qui reflète le niveau idéal des taux, généralement évalué autour de 2,5%, pour ne créer ni de surchauffe ni refroidir l’économie, n’était plus guère d’actualité pour l’instant.
“Les estimations du taux neutre à long terme ne sont pas un seuil où l’on doit faire une pause”, a-t-il averti.
– L’ombre de Volcker –
M. Powell a admis “qu’à un certain stade, il sera opportun de ralentir le rythme des relèvements de taux” mais il a ajouté un bémol à cette notion déjà rapportée, qui avait réjoui les marchés financiers récemment.
“L’histoire montre qu’il faut prendre garde à ne pas relâcher la politique monétaire trop tôt”, a-t-il prévenu, dans ce message qu’il a voulu “direct”.
Comme chaque année, mais cette fois plus encore, le discours du dirigeant de la plus puissante des Banques centrales était au centre de toutes les attentions lors du symposium de Jackson Hole, en présentiel pour la première fois depuis 2019.
M. Powell a reconnu que “l’inflation actuelle était un phénomène mondial et que beaucoup d’économies dans le monde faisaient face à une hausse des prix égale voire plus haute que celle des Etats-Unis”.
Pour refroidir la surchauffe des prix, depuis le printemps dernier, la Réserve fédérale a fait passer les taux au jour le jour, qui influencent tous les autres crédits, de zéro à une fourchette entre 2,25% et 2,50%.
A plusieurs reprises dans son discours, M. Powell a cité un illustre prédécesseur à la tête de la Banque centrale, Paul Volcker, crédité pour avoir d’une main de fer jugulé une inflation galopante au début des années 1980.
Après ce discours et la publication de l’indice PCE de l’inflation, le dollar perdait 0,73% à 1,0050 dollar pour un euro vers 14H25 GMT (16H25 à Paris).
NewsAmericasNow.com
New permanent secretary appointed to lead the Ministry of Justice Loop Jamaica
Black Immigrant Daily News
The content originally appeared on: Jamaica News Loop News
Breaking News
Chelsea’s Tuchel loses appeal and banned from touchline
Cardiff told to pay Nantes $6m for plane crash victim Sala
New permanent secretary appointed to lead the Ministry of Justice
Powell: Fed could keep lifting rates sharply ‘for some time’
Impressive Jamaica Tallawahs off to good start in Men’s 6ixty
MoneyMasters signs VM Wealth as its lead broker
Search underway for girls washed away in St Mary river
LYNK to support Government’s agenda of digital adoption
Loop News
53 minutes ago – Updated
Prior to her acting assignment, Stewart McFarlane’s substantive role was Chief Technical Director in the Ministry, a position she held since 2016.
NEWYou can now listen to Loop News articles!
Grace-Ann Stewart McFarlane has been appointed as Permanent Secretary at the Ministry of Justice.
The appointment took effect in June 2022 after a recommendation by the Public Service Commission.
Stewart McFarlane was assigned as acting Permanent Secretary in March 2021, following the reassignment of Sancia Bennett Templer to the Ministry of Investment, Industry and Commerce.
Prior to her acting assignment, Stewart McFarlane’s substantive role was Chief Technical Director in the Ministry, a position she held since 2016.
Her other roles have included Senior Director of the Children’s Affairs Policy Division at the Ministry of Education and Regional Director at the then Child Development Agency (CDA), now the Child Protection and Family Services Agency.
While at the CDA, Stewart McFarlane formed part of the committee responsible for the operationalisation of the Office of the Children’s Registry (OCR). She was later seconded to the OCR as Registrar where she spearheaded the establishment of the National Children’s Registry.
Stewart McFarlane is a holder of a Bachelor’s Degree in Social Work from the University of the West Indies and a Master of Business Administration from Nova Southeastern University.
The Permanent Secretary also completed a Post Graduate Diploma in Public Sector Senior Management at the Management Institute for National Development (MIND). Additionally, she was among the first cohort of public sector workers, in 2016, to participate in MIND’s Public Sector Senior Leadership Development Programme.
The Minister of Justice Delroy Chuck and the staff at the Ministry welcome the appointment of Mrs Stewart McFarlane as she advances the mission of delivering quality justice services to the citizens of Jamaica.
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Cardiff told to pay Nantes $6m for plane crash victim Sala Loop Jamaica
Black Immigrant Daily News
The content originally appeared on: Jamaica News Loop News
GENEVA (AP) — A years-long transfer dispute after the death in an airplane crash of football player Emiliano Sala was decided on Friday in favour of his former club Nantes against Cardiff, which promised more legal action in the multi-million dollar case.
The Court of Arbitration for Sport (CAS) said it dismissed Cardiff’s appeal against a FIFA order that it must pay a first installment of 6 million euros ($6 million) for Sala. The full agreed transfer fee was 17 million euros ($17 million).
The 28-year-old forward from Argentina died before he could play for the Welsh club which later disputed that the transfer deal with the French club was finalized.
“The CAS Panel found the player’s transfer from FC Nantes to Cardiff City FC to have been completed,” the court said in a statement.
However, Cardiff said it would not immediately pay any money to Nantes and would likely pursue further legal action, including an appeal. CAS rulings can be challenged at Switzerland’s supreme court on limited procedural grounds.
“The award fails to decide the crucial question of FC Nantes (and its agents’) liability for the crash, which will therefore have to be decided in another forum,” Cardiff said in a statement.
“If those appeals are unsuccessful and the club is liable to pay the transfer fee the club will take legal action against those responsible for the crash for damages to recover its losses,” Cardiff said, adding: “This will include FC Nantes, and its agents.”
Though now a second-tier team, Cardiff were in the English Premier League in January 2019 when they agreed to pay a club record fee of 17 million euros for Sala.
Sala was killed along with the pilot when the single-engine Piper Malibu aircraft carrying them from Nantes crashed into the sea near the Channel Island of Guernsey.
Hours earlier, FIFA had received an online document from the Wales Football Association to complete the transfer of the player’s registration from France.
The jury at an inquest in England in March decided Sala had been “deeply unconscious” due to being poisoned by exhaust fumes before dying from severe head and chest injuries. Carbon monoxide had spread inside the cabin due to the plane’s faulty exhaust system.
The pilot did not have the correct authority to fly at night. His body was never found.
The businessman who organized the flight was sentenced to 18 months in prison last year and later was refused the right to appeal.
David Henderson was found guilty of endangering the safety of an aircraft and earlier admitted a separate offense of attempting to discharge a passenger without valid permission or authorization.
CAS said its two-day hearing in the transfer case held in March only concerned the first payment of the transfer.
Nantes said in a statement they hoped the CAS verdict marked the end of a disinformation campaign that it had not reacted to out of respect for the player and his family.
Cardiff said they are financially supporting Sala’s family members through a trust set up for them.
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UPP Pulls-Up to Support Community Small Businesses in St. George
Black Immigrant Daily News
The content originally appeared on: Antigua News Room
UPP Pulls-Up to Support Community Small Businesses in St. George
The UPP recognizes that small businesses are an important economic engine for both local communities and the national economy. Not only do they play an important role in driving business but also in strengthening the community spirit.
On Saturday 27th August, members of the United Progressive Party (UPP) will show support for small businesses throughout the constituency of St. George. A convoy of supporters will gather at the popular food spot on Pigotts Main Road which features close to a dozen vendors. The group will also make stops in New Winthorpes, Barnes Hill and end in Potters. Along the route, they will patronize chefs, artisans, farmers and other vendors to help spark business activity in the community.
“It is time to support our small businesses, many of whom are struggling to make ends meet. We want to inspire dreamers to become successful, and individuals with ideas to create teams with vision,” said Algernon Watt, UPP Candidate for St. George.
The UPP believes that when more money is spent in the community, not only does this empower small businesses, but the entire community benefits. St. George is the second constituency to be featured in the “small business pull-up” initiative that is designed to spotlight community businesses and help generate new customers and well needed economic activity. It will also provide an opportunity for the UPP team to engage vendors one-on-one and share the Party’s plans and policies to support small businesses.
To join the caravan, or to get further information, please contact 562-9711 or 463-1111.
CLICK HERE TO JOIN OUR WHATSAPP GROUP
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UPDATED: Antigua And Barbuda Travel Advisory
Black Immigrant Daily News
The content originally appeared on: Antigua News Room
The Government of Antigua and Barbuda has updated its travel advisory effective August 29, 2022 to facilitate the smooth movement of passengers to and from the country. Antigua and Barbuda has benefitted from a highly successful strategy of mass vaccinations, quick detection of imported and community-spread infections, and proactive public awareness campaigns in significantly reducing COVID 19 infection levels for the past five (5) months. At the same time, the State remains focused in its ongoing interventions to mitigate the risk of resurgence of COVID-l9 levels. This strategy is intended to protect and safeguard the health of both residents and visitors to Antigua and Barbuda.
Nationals and residents of Antigua and Barbuda are strongly advised to check travel advisories of destination countries prior to travel at this time.
The protocols implemented are as follows:
All COVID-l9 restrictions are to be lifted for arriving passengers by air.
COVID-9 restrictions are also tifted for persons arriving by yacht or ferry services. However, all marine pleasure craft and ferry services entering the waters of Antigua and Barbuda should contact the Antigua Port Authority, using VHF Channel 16, at least six (6) hours prior to arrival. Instructions will be given to guide the crafts to either the Nevis Street Pier or English/Falmouth Harbours, Jolly Harbour, or other holding area.
Passengers arriving aboard cruise ships are subject to the protocols enforced by the cruise lines until such time as the cruise lines themselves alter their protocols.
Visitors are required to observe all protocols as stipulated by the management businesses such as offices, banks, hotels, restaurants and excursions for the duration of their trip.
The wearing of face masks and social/physical distancing protocols in public spaces is actively encouraged throughout Antigua and Barbuda, especially wherever there are gatherings of significant numbers of people e.g., ports, supermarkets, bars and clubs.
Aniving passengers with symptoms of COVID-l9 may be isolated as determined by the Health Authorities.
Military Vessels/Aircraft and other Watercraft transporting food, medical supplies, humanitarian and emergency supplies will be required to follow the Port Authority/Port Health Guidelines and must give prior notification before arrival.
Any restrictions for maritime traffrc, and the consequential Antigua Port Authority guidelines, shall not restrict vessels engaged in innocent passage and/or transit passage, withinthe territorial seas and/or archipelagic waters of Antigua and Barbuda, under the 1982 United Nations Convention on Law of the Sea (UNCLOS).
This Travel Advisory replaces ALL previous Travel Advisories issued by the Government of Antigua and Barbuda.
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Paray criticises WASA for using debt-collection company
Black Immigrant Daily News
The content originally appeared on: Trinidad and Tobago Newsday
Mayaro MP Rushton Paray.
MAYARO MP Rushton Paray is criticising a decision by the Water and Sewerage Authority (WASA) to refer its debtors to a credit-collection agency.
In a statement on Thursday, Paray referred to a newspaper report which said WASA engaged the services of Credit Chex for this exercise. He described the decision as callous.
Paray claimed this could result in paying customers having their water supplies discontinued arbitrarily discontinuing their supply. He did not explain how.
“It would also lead to customers who have been without supply for months being made to pay for a non-existent service instead of being provided with the precious commodity.”
Paray said while WASA has a serious cash-flow problem, “the collection of debt must be guided by a watertight list of debt receivables and by management competence and professionalism.”
He added, WASA should be focusing on fixing its books, improving its distribution system, and repairing damaged water mains and roads.
In response, Public Utilities Minister Marvin Gonzales said, “The vast majority of our citizens are educated and well informed, and they will ignore the populist stunt being played by my dear friend from Mayaro.”
He dismissed Paray’s claim about about WASA arbitrarily discontinuing the water supply of paying customers.
” I don’t get it. I can’t see how paying customers will be unduly worried about the authority’s debt-collection efforts.”
Gonzales said while he respects Paray as an individual, there is a difference in the views which an opposition and a government take on issues.
“The benefit of being in opposition is that it is easy to take populist positions to give the impression of caring for the citizens.
“In Government, decisions have to be taken for the benefit of all the citizens and sometimes that may mean taking action that may offend some segment of the population.”
Referring to Paray’s background in the private sector, Gonzales said, “As an astute businessman, MP Paray is well aware that there is a direct correlation between cash flows and the ability to provide a service especially a critical service of water supply.”
He said he was certain Paray is aware that if WASA improves its financial performance, “this will redound to an improvement in service levels to customers.”
This, he said, also includes Paray’s constituents.
“If he (Paray) truly believes in his statement, is he willing to also abandon his calls and pleas for better service especially when Mayaro is set to benefit from a major investment to improve supply to the citizens there?”
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National Strategic Plan Being Developed For Saint Lucia’s Honey Industry – St. Lucia Times News
Black Immigrant Daily News
The content originally appeared on: St. Lucia Times News
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Honey production and exports present a viable economic option for a large group of Saint Lucia’s rural population.
To ensure the development of the sector and maximization of profits, Export Saint Lucia, with funding from the Inter-American Development Bank (IDB) Compete Caribbean Partnership Facility (CCPF), is in the process of implementing the Bee City Honey Cluster Project.
Succinctly referred to as “Bee City”, this project will position Saint Lucian honey in specificmarkets through the development of a cluster model. Bee City seeks to increase thecompetitiveness of stakeholders within the sector, build the capacity of local stakeholders in the beekeeping industry and encourage the entrance of new members to drive and expand apiculture.
As work continues in the implementation of Bee City, a local consultant, Mr Melvin Edwards, has been engaged to develop a three-year strategic plan for the operations of beekeeper groups participating in the Bee City Honey Cluster.
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During his consultancy, Edwards will also develop and facilitate training workshops and provide instruction in governance and cooperative management to the beekeeping cluster and industry stakeholders.
Partnering on this consultancy and the project as a whole is the Ministry of Agriculture and specifically the Veterinary and Livestock Services Division.
Like other IDB Compete Caribbean Partnership Facility Projects, Bee City will contribute to an improvement in the standard of living and quality of life of participants.
The program is also expected to result in an increase in the production of honey, and the number of beekeepers and apiaries on the island.
The Bee City Honey Cluster Project aims to remove any constraints that currently hinder the development of the honey industry.
Export Saint Lucia’s Chief Executive Officer, Sunita Daniel, remarks “Saint Lucia’s honey industry is brimming with export potential. As a trade promotion agency, Export Saint Lucia understands first-hand that the entrance of local honey to international, niche markets will result in increased economic prosperity at home.
The strategic plan being developed will be in tune with the overall plan of the Government for the sector’s development.
Daniel added that “The work in cooperative governance and management will assistin the proper maintenance of current and future cooperatives and groups. Export Saint Lucia has the utmost confidence in Mr Edwards’ ability to perform his duties toward a positive end for the men and women involved in our beekeeping industry.”
The consultancy will take place over the course of four (4) months, after which, Saint Lucia’s honey industry is expected to be in a more competitive state moving forward.
SOURCE: Export Saint Lucia
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