Global sandwich chain Subway says it’s exploring a possible sale of the business after almost six decades of family ownership. The firm has been growing rapidly for years but is now facing soaring costs and increased competition. A company sale could be valued at more than $10 billion. Support The Readers Bureau. Buy A T-Shirt Today (4 different colors)! click […]
At a meeting of Finance Ministers of Commonwealth Countries, a call has been made for a more holistic review of rules governing the global financial system. The ministers opined that a number of the fiscal rules are no longer relevant to today’s economic settings and expressed the views that many of the rules are skewed against small states. Additionally, they […]
WASHINGTON — World economic growth is slowing, and the prospects for a quick recovery are gloomy, the International Monetary Fund said Tuesday. The IMF said it expects growth to slow from last year’s 6.1% advance across the globe to 3.2% this year, four-tenths of a percentage point lower than it forecast in April. “A tentative recovery in 2021 has been […]
The FAO Food Price Index* (FFPI) averaged 135.7 points in January 2022, 1.5 points (1.1 percent) higher than in December 2021. The FFPI’s rebound in January was led by solid gains in vegetable oils and dairy sub-indices, partially offset by a decline in sugar prices for the second consecutive month. Meat and cereal sub-indices remained largely unchanged. The index tracks […]
The US Department of Commerce has warned manufacturers have seen their stocks of semiconductors plunge amid the global chip shortage. A survey of more than 150 firms found supplies had fallen from an average of 40 days’ worth in 2019 to just five days in late 2021. Sales of devices soared during the pandemic, leaving semiconductor makers struggling to keep […]
Electric car maker Tesla has brushed off supply chain issues and the global microchip shortage to report record quarterly sales and profits. Revenues rose to $13.76 billion in the third quarter of the year, up from $8.77 billion 12 months earlier. The company, led by billionaire entrepreneur Elon Musk, posted a net profit of $1.6 billion and sold 241,391 cars. […]
Twenty-five heads of government and international agencies have made a joint call for a new treaty that would signal high-level political action needed to protect the world from future health crises. The international community should work together “towards a new international treaty for pandemic preparedness and response” to build a more robust global health architecture that will protect future generations, […]
World Health Organization (WHO) chief Dr. Tedros Ghebreyesus has warned nations that hoarding possible COVID-19 vaccines while excluding others will deepen the pandemic. Dr. Tedros in his address impressed on countries the importance of joining a global vaccine pact. The WHO has an August 31 deadline for wealthier nations to join the “COVAX Global Vaccines Facility” for sharing vaccine hopefuls […]
The coronavirus pandemic has entered a “new and dangerous phase” as daily Covid-19 cases hit record highs, the World Health Organization (WHO) warned recently. “The pandemic is accelerating. More than 150,000 new cases of COVID-19 were reported [on Thursday], the most in a single day so far,” WHO Director-General Tedros Adhanom Ghebreyesus said during a press conference. Almost half of […]
Jamaica jumped two places on the Global Press Freedom Index and now ranks sixth among 180 countries that most respect freedom of information. Published annually by Reporters Without Borders, a non-Governmental Organisation (NGO) based in Paris, the index evaluates the level of freedom available to the media throughout the world. Senator Kamina Johnson Smith, Leader of Government Business in the Upper House, pointed to […]
