Reports reaching our newsroom just confirmed that Banco Popular in Virgin Gorda was robbed at gunpoint today. As a result prime businesses around the area are now on lockdown pending an investigation. The Royal Virgin Islands Police Force is currently on the scene investigating the incident and will soon make an official report. More details … Continued
Director of the Taxi and Livery Commission (TLC) Mr. Jevaughn Parsons, held two administrative hearings since taking office, to resolve complaints filed against taxi operators. Mr. Parsons said the hearings were held in keeping with the mission of the TLC to ensure that Virgin Islanders, residents and visitors have access to safe, efficient and reliable … Continued
Tuesday, March 17th, 2020 – Caribbean Cellular Telephone (CCT BVI) continues to closely monitor developments related to the current outbreak of the Coronavirus known as COVID-19. Here’s how we’re responding: 1. Our focus today is the same as every day. We are committed to ensuring that our customers have access to the most reliable telecommunications … Continued
WASHINGTON (Associated Press) — No one knows how long it will last or how much it will hurt. But the U.S. economy is either sliding into a recession for the first time since 2009 or is already in one — a sudden victim of the coronavirus outbreak. The vast changes deemed necessary to defeat the … Continued
Multiple sources have confirmed that the world’s largest social media platform Facebook, has taken a tangible approach towards the severe economic impact of the Coronavirus. Facebooks response to the coronavirus outbreak has focused on fighting the spread of misinformation — by offering free WHO ads and banning ads that promote false ‘cures.’ Now, Facebook plans … Continued
Amid growing concerns of local food shortages and inflation due to coronavirus, Road Town Wholesale has made an executive decision against price-gouging for the next 30 days. This was revealed in a press release sent out a few minutes ago. The statement said “in response to the spread of coronavirus (COVID-19) RTW group of companies … Continued
According to Associated Press, global stocks fell sharply today, Monday after central bank moves to shore up economic growth failed to dispel investor’s fears over virus controls that are shutting down global business and travel. There were no glimmers of optimism: European and Asian stock indexes were down as much as 10%, as was the … Continued
Italy has banned all public gatherings, while placing more than 60 million people under strict travel conditions, in an unprecedented lockdown designed to tame the rapid spread of the coronavirus across Europe’s third largest economy. The measures, announced late Monday by Prime Minister Giuseppe Conte, include school and university closures that will last until at … Continued
Stocks plummeted this morning as worries about the growing global coronavirus pandemic and an oil price race to the bottom weighed on global financial markets. The New York Stock Exchange halted stock trading for 15 minutes after the S&P 500 fell 7%. The selloff had begun in overnight futures trading, which was halted after futures contracts … Continued
The Federal Reserve announced an emergency rate cut today, Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus. The move was the first such cut since the financial crisis. It comes amid a volatile patch on Wall Street and amid a steady stream of hectoring from President … Continued
