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Petroleum dealers ‘won’t force Govt’s hand’ despite $100 oil

Bahamian petroleum retailers yesterday conceded their margin woes “cannot easily be fixed overnight” and promised “not to force the Government’s hand” with oil prices currently on track to reach $100 per barrel.

PM unveils $500m climate finance plan

The Prime Minister yesterday unveiled ambitions for The Bahamas to raise $500m to bolster its resiliency, and sustainability, against negative climate change impacts in partnership with Resilience Capital Ventures.

‘Room for improvement’: Trade deficit expands 28% to $1.09bn

The Bahamas Trade Commission’s chairman yesterday said “there’s a lot of room for improvement” after this nation’s trade deficit expanded by almost $184m or 28 percent year-over-year to hit $847m in the 2023 second quarter.

ArawakX hit by claim of ‘criminal infraction’

The Bahamas’ first-ever crowd-funding platform has a solvency deficiency of “at least $2.4m”, regulators charged yesterday, while accusing it of “governance irregularities, regulatory breaches and possible criminal infractions”.

Minister hoping construction on New Providence hospital will start next year

HEALTH and Wellness Minister Dr Michael Darville hopes construction on a new New Providence hospital will begin early next year, noting there are three potential candidates to finance the $290m project.

Jazz Chisholm Foundation Little League to start this Saturday

BAHAMIAN Major League Baseball (MLB) star Jasrado “Jazz” Chisholm Jr and his foundation will begin the Jazz Chisholm Foundation Little League starting next Saturday.

Doctors secures $25m as it ‘refines’ equity offering

Doctors Hospital has secured $25m from Royal Bank of Canada (RBC) to finance its continued expansion as it works to “refine” its upcoming equity capital raise by “prioritising” three target investor groups.

PM sounds alarm on EU blacklist's insurance hit

The Prime Minister has joined insurers in sounding the alarm that remittances from European reinsurers on could be "reduced by at least 25 percent" if The Bahamas remains on the continent's tax blacklist.

‘Very credible’ Freeport city manager emerges

A “very credible” candidate to take over Freeport’s management is said to have met with both government and Grand Bahama Port Authority (GBPA) ownership as the idea of the latter devolving its quasi-governmental powers gains traction.

Police quiz more in DRA investigation

POLICE officers from New Providence visited Grand Bahama last week to interview a number of Disaster Reconstruction Authority employees as part of a criminal investigation.

‘JAZZ’ HITS GRAND SLAM FOR SECOND STRAIGHT GAME: Chisholm Jr and Marlins rout Braves 16-2, sweep series

MIAMI (AP) — Jasrado “Jazz” Chisholm Jr hit a grand slam for the second consecutive game and the Miami Marlins routed the Atlanta Braves 16-2 yesterday to complete a three-game sweep of the NL East champions.

Jonquel posts double double, Liberty top Mystics 90-75 in Game 1 of WNBA playoff series

GRAND Bahamian Jonquel Jones put up a dominant double double performance to propel the New York Liberty to a game one win over the Washington Mystics.

BGDBA Playoffs: Crimestoppers tie series 1-1, Cybots win game one

THE Police Crimestoppers tied their series 1-1 with the Ministry of Youth, Sports and Culture Panthers.

Flight simulator business can restart after 4-year Pointe bar

A former tenant at The Pointe should be permitted to “reinvigorate” its business, a Supreme Court justice has ruled, after it was barred by the landlord from accessing vital equipment for almost four years.

Union: ‘Everything on table’ over BPL woes

The Bahamas Electrical Workers Union’s (BEWU) president says “everything is on the table” in resolving its members’ grievances with Bahamas Power & Light (BPL) after all requirements for taking strike action were met.

A new era of big government spending: Reshaping the American economy amid geopolitical uncertainty

ActivTrades

Over the past two years, the US has witnessed a profound shift in economic policy, marking the dawn of a new era of big government spending. This transformation is driven by a combination of factors, including President Joe Biden’s ambitious initiatives, such as the Inflation Reduction Act and the CHIP Act, which are reminiscent of the largest government spending sprees of the 1930s. These initiatives not only aim to reboot the US economy but also set a precedent for the world to follow.

The Tribune

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