Business
525 articles
Butterfield to Acquire CIBC Caribbean in Landmark $1.8 Billion Deal
Bank of N.T. Butterfield & Son Limited has announced a definitive agreement to acquire CIBC Caribbean in a deal valued at approximately US$1.8 billion, creating a combined banking group with roughly US$29 billion in assets. The transaction, subject to regulatory approval, is set to become one of the most consequential banking mergers in Caribbean financial history.
Caridocs to Host Document Processing Support Day for Jamaicans in Antigua
Immigrant support service Caridocs will host a Bulk Application Day on June 5 at the Villa Polyclinic Conference Room to assist Jamaican nationals in Antigua and Barbuda with official document processing and authentication requirements. The organisation is also warning the public to avoid fraudulent 'back door' document services.
ECAB to Permanently Close Woods Legacy Branch on June 1
Eastern Caribbean Amalgamated Bank (ECAB) will permanently close its Woods Legacy Branch on June 1, 2026, with customers directed to alternative branches and digital platforms. The bank is urging customers to complete safety deposit box transfers and collect outstanding items before May 29.
Cement Shortage Set to End as Dredging Works Near Completion, Government Says
The government says cement shortages affecting construction and roadworks across Antigua and Barbuda are nearly over, with dredging works near the Crabbes cement silos expected to ease delivery into the country. Governor General Sir Rodney Williams addressed the issue during Tuesday's Throne Speech.
Tourism Minister Fernandez Lauded as Antigua and Barbuda Targets One Million Cruise Arrivals
Antigua and Barbuda's Tourism Minister Max Fernandez was publicly praised during Tuesday's Throne Speech as the country anticipates surpassing one million cruise passenger arrivals this season. Governor General Sir Rodney Williams also projected overnight visitor arrivals to exceed 500,000 for the year.
Sir Aziz Hadeed to Receive Official Funeral After Sudden Death in Chicago
Sir Aziz Hadeed, a towering figure in Antiguan business and philanthropy, has died suddenly in Chicago and will be accorded an official funeral. His passing has prompted widespread grief and tributes from across Antigua and Barbuda, including from Prime Minister Gaston Browne.
ABAA Launches Legacy Wall Initiative to Preserve Antigua's Aviation History
The Antigua and Barbuda Airport Authority has launched the "Legacy Wall" initiative, calling on the public to submit photographs and artwork celebrating the nation's aviation history for display at V.C. Bird International Airport. The project also includes a youth art component aimed at engaging young creatives.
Hollywood Star Marsai Martin Visits Hodges Bay Resort for Mother's Birthday
Hollywood actress and producer Marsai Martin has been photographed enjoying a stay at Hodges Bay Resort & Spa on Antigua's north coast, with the visit believed to be a celebration of her mother's 50th birthday. As reported by Antigua.news, Martin shared highlights of her trip on Instagram, including a visit to the resort's acclaimed Katsuya restaurant.
Arctic Power Struggle Intensifies as Climate, Resources and Military Ambitions Collide
The Arctic has moved from the periphery of global affairs to the centre of a multi-front contest over energy, critical minerals, shipping routes and military deterrence, as record-low sea ice levels accelerate the region's transformation into a major geopolitical arena. According to Antigua.news, seven of the eight Arctic territorial states are now NATO allies following Sweden and Finland's recent accessions, reshaping the balance of power in the High North.
Caribbean Airlines Route Cuts Spark Regional Debate, Spotlight Falls on LIAT
Caribbean Airlines will discontinue services to Dominica, St. Kitts, and the Ogle-to-Suriname route from June 1, following losses exceeding US$18.8 million on its Eastern Caribbean network. The cuts have intensified regional debate over intra-Caribbean airlift and raised questions about whether LIAT 2020 can step in to fill the gap.
Sir Aziz Hadeed, Businessman and Philanthropist Who Shaped Antigua and Barbuda, Dies
Sir Aziz Hadeed, a prominent businessman, philanthropist and recently knighted national development advocate, has died overseas, according to Antigua.news. His decades of contributions to education, healthcare, sports and community welfare leave a profound legacy across Antigua and Barbuda and the wider Caribbean.
Industrial Court Orders State Insurance to Pay Ex-CFO $886,000 for Unfair Dismissal
The Industrial Court has ordered State Insurance Company Limited to pay former Chief Financial Officer Andre Knight EC$886,909.90 after ruling his summary dismissal following 21 years of service was unfair and procedurally flawed. The judgment, reported by Antigua.news, includes EC$50,000 in exemplary damages after the court found the termination was carried out in a harsh and oppressive manner.
Switzerland Votes June 14 on Cap That Could Reshape Its EU Ties
Swiss voters head to the polls on June 14 to decide on a constitutional initiative that would cap the country's population at 10 million — a vote that could unravel Switzerland's free movement agreement with the EU and destabilise the broader bilateral treaties underpinning its access to the European single market. Polling shows the race too close to call, with campaigning costs reaching record levels.
A.G.L Tutoring Founder Returns to All Saints Secondary with Student Support Drive
A.G.L Tutoring founder Andrecia Lewis has returned to her former school, All Saints Secondary, delivering exam preparation packages to students as part of a community outreach initiative promoting academic support and inclusion for neurodivergent learners.
CETRI Opens Second Round of Grants for Caribbean Climate and Energy Journalists
The Caribbean Energy Transition Reporting Initiative (CETRI) has opened its second round of regional journalism grants, accepting applications from May 20 to June 20, 2026, for media professionals producing original stories on climate, energy and sustainability. Successful recipients are expected to be announced on June 25.
Antigua and Barbuda Records 6.7% Tourism Surge as Caribbean Travel Marketplace Concludes
Antigua and Barbuda recorded 110,832 stay-over visitors in the first quarter of 2026, a 6.7 percent increase over the same period last year, as officials announced the figures during the Caribbean Travel Marketplace 2026. Cruise arrivals, new air routes, and major hotel investments are further strengthening the country's tourism outlook.
Sugar Mill Riddim Blends Benna and Calypso as Chippy G Earns Praise Ahead of Carnival
Antiguan producer Devon "Chippy G" Joseph is receiving praise from government officials and festival organizers following the release of the Sugar Mill Riddim, a regional collaboration blending Antiguan Benna and Trinidadian Calypso ahead of Antigua Carnival. The project features artistes Patrice Roberts, Zafema, Tian Winter, and Young Lyrics, and is now available on major streaming platforms.
ABWU Partners with Lupus Association in New Awareness and Support Initiative
The Antigua and Barbuda Workers' Union has partnered with the Lupus Association of Antigua and Barbuda, presenting an EC$2,500 donation on POP Day and pledging ongoing support for awareness and education efforts. ABWU General Secretary David Massiah called the move "a commitment rooted in solidarity" for workers and families affected by the disease.
Antigua and Barbuda Raises $30M in Oversubscribed Treasury Bill Auction
Antigua and Barbuda successfully raised $30 million through a Treasury bill auction on May 13, with investor demand exceeding the target by $4.2 million. The oversubscribed auction signals strong market confidence in the government's securities.
Novo Banco Ruling Raises Questions Over Speed and Scrutiny in €2bn Bond Case
Portugal's Supreme Administrative Court dismissed a €2 billion bondholder appeal against Banco de Portugal's 2015 decision to retransfer senior Novo Banco bonds in just 23 days, raising questions about the depth of judicial scrutiny applied in one of Europe's most complex post-crisis banking cases. According to Antigua.news, which reviewed the full case record, the ruling's speed and reasoning are drawing concern among investors and legal observers.