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St. Croix runs out of bananas due to short-lived dockworkers’ strike
Posted inBreaking News Business News Caribbean News

St. Croix runs out of bananas due to short-lived dockworkers’ strike

FREDERIKSTED — The aisles of St. Croix supermarkets are a bit more sparse today, as the short-lived dockworkers strike has finally taken its toll on local grocery stores. This strike heavily…
Posted by John McCarthy October 13, 2024
Social Security announces 2.5 percent benefit increase for 2025
Posted inBreaking News Business News National News

Social Security announces 2.5 percent benefit increase for 2025

Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 million Americans will increase 2.5 percent in 2025, the Social Security Administration announced today. On average, Social…
Posted by John McCarthy October 11, 2024
Caribbean and Latin American growth to slow to 1.9% in 2024, says World Bank
Posted inBreaking News Business News Caribbean News

Caribbean and Latin American growth to slow to 1.9% in 2024, says World Bank

BRIDGETOWN — Economic growth across the Caribbean and Latin America is seen slowing to 1.9% this year from 2.1% in 2023 before accelerating again in 2025, according to the World…
Posted by John McCarthy October 10, 2024
US cruise stocks rise as Citi upbeat about strong growth indicators
Posted inBreaking News Business News Caribbean News

US cruise stocks rise as Citi upbeat about strong growth indicators

MIAMI — Shares of U.S. cruise operators, including Norwegian Cruise Line Holdings, surged in midday trading on Wednesday as brokerage Citi gets bullish on the companies' long-term prospects. Shares of…
Posted by John McCarthy October 10, 2024
Hurricane Milton could cost insurers $60B, raise reinsurance rates, RBC says
Posted inBreaking News Business News Caribbean News

Hurricane Milton could cost insurers $60B, raise reinsurance rates, RBC says

TAMPA — Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance prices which could boost some insurance companies' shares,…
Posted by John McCarthy October 9, 2024
Human Services says SNAP benefits increased on October 1
Posted inBreaking News Business News Health News

Human Services says SNAP benefits increased on October 1

CHARLOTTE AMALIE — The Department of Human Services (VIDHS) is excited to announce anincrease in Supplemental Nutrition Assistance Program (SNAP) benefits, effective October 1, 2024.This increase represents a critical step…
Posted by John McCarthy October 8, 2024
Caribbean leaders hope new UK government is open to talks on slavery reparations
Posted inBreaking News Business News Caribbean News

Caribbean leaders hope new UK government is open to talks on slavery reparations

LONDON — Caribbean leaders hope that Britain under its new Labor government might shift its long-standing position on slavery reparations and agree to discuss how to address past wrongs and…
Posted by John McCarthy October 7, 2024
Dockworkers’ union suspends strike until Jan. 15 to allow time to negotiate new contract
Posted inBreaking News Business News Consumer News

Dockworkers’ union suspends strike until Jan. 15 to allow time to negotiate new contract

MIAMI (AP) — Some 45,000 dockworkers at East and Gulf coast ports are returning to work after their union reached a deal to suspend a strike that could have caused shortages…
Posted by John McCarthy October 4, 2024
Dockworkers at ports from Maine to Texas go on strike, a standoff risking new shortages
Posted inBreaking News Business News Consumer News

Dockworkers at ports from Maine to Texas go on strike, a standoff risking new shortages

PHILADELPHIA (AP) — Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods…
Posted by John McCarthy October 1, 2024
Cuba slashes size of daily bread ration as ingredients run thin
Posted inBreaking News Business News Caribbean News

Cuba slashes size of daily bread ration as ingredients run thin

HAVANA — Cuba's communist-run government slashed by a quarter the weight of its subsidized ration of daily bread, the latest shortage to strain a decades-old subsidies scheme created by the…
Posted by John McCarthy September 27, 2024

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