(Barbados Nation) A debt of approximately B$200 million owed by the Barbados Government to the University of the West Indies – most of it to the Cave Hill campus – has started to have a negative impact and ripple effect on several operators within the business community.
DAILY NATION investigations have revealed that the Barbados-based campus which is celebrating its 50th anniversary this year appears to be struggling to pay its creditors and has racked up millions of dollars in unpaid bills.
Most of the money is reportedly owed to traditional suppliers and the debt is said to have contributed significantly to the cash flow problem these businesses are currently experiencing.
A source who declined to be identified said Cave Hill was “limping along with a strangulating debt that has long surpassed its annual budget and which now stands at twice the size of what it was a year ago”.
BENGALURU/SAO PAULO, (Reuters) – The North American Free Trade Agreement will probably be renegotiated successfully with only marginal changes, said a large majority of economists in a Reuters poll, despite the Trump administration’s saber-rattling.
LONDON, (Thomson Reuters Foundation) – Refugees arriving in the United States could double their chances of finding work with a mathematical formula that decides the best place for them to settle, researchers said today.
(Trinidad Express) A 17-year-old Tobago schoolboy is fighting for his life in hospital after he was beaten into unconsciousness at school on Wednesday.
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