Business

The World Economic Forum (WEF) has said in its recent Climate Risk Report that while climate change poses the single greatest risk to the global economy, it is the risk that the international community is least prepared to deal with and the short-term price that countries will have to pay – a cost of living crisis.

If the rewards associated with the successful recovery of commercial deposits of oil and gas can realize both meaningful economic and social transformation for beneficiary countries, the risk of mishaps that could amount to nothing short of protracted crisis are ever present, as some of the world’s major oil spill-related occurrences have amply demonstrated.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 1002’s trading results showed consideration of $30,588,358 from 90,264 shares traded in 30 transactions as compared to session 1001’s trading results, which showed consideration of $7,490,126 from 15,360 shares traded in 16 transactions.

To their credit, what President Irfaan Ali and Prime Minister Mia Mottley were able to accomplish, through the fashioning of last year’s food display events in Guyana and Barbados, was the creation of a much wider regional focus on the food security bona fides of the region as a whole.

A drive from Supenaan to Anna Regina on Tuesday, January 3, provided a glimpse of the customary annual weather-related challenges that the country’s rice industry faces.

Guyana’s seeming meteoric accession to recognition as an emerging leader in the global oil and gas industry is expected to be further accentuated against the backdrop of the forthcoming February 14-17 showpiece Second Edition of the International Energy Conference and Expo Guyana 2023 (IECEG) which, like its predecessor, will feature ExxonMobil Guyana as the event’s premier sponsor.

Seemingly mindful of the importance of the critical role of the Diaspora in his administration’s ‘One Guyana’ agenda, President Irfaan Ali used his recent visit to India to underscore the significance of the overseas-based Guyanese community, particularly their potential role in the social and economic development of Guyana, in the country’s ‘oil and gas’ era.

With the right tools, policymakers can help to manage the climate risks impacting economies and financial systems By Tobias Adrian, Vikram Haksar, Ivo Krznar When it comes to the devastating impact of climate change, most people think of the harm inflicted on lives and livelihoods.

By Fitzroy Fletcher The Caribbean Agri-Business Association (CABA), some years ago, stated in its “Strategic Plan” that the deficiency in the technology supply service in the CARICOM region was the most critical impediment to the development of the agriculture sector.

While the timeline for the transition is unclear, a number of jobs in the oil and gas sector that are currently being done by humans will, perhaps sooner than we think, pass to robots, according to the United States-based data and analytics-based company Global Data.

Determined not to relinquish its credentials as the powerhouse of the regional energy industry, Trinidad and Tobago has been redoubling its efforts to attract foreign investors to its energy industry, aware as it is that, in recent years, international interest in the region’s oil and gas sector has shifted decidedly to Guyana, where ExxonMobil remains anchored to the portents promised by what, even now, are believed to be some of the largest off-shore deposits of oil anywhere in the world.

The multiple challenges, not least “an acute economic crisis and an adverse international context which have repercussions in the national economic and social sphere”, compels Cuba “to resort to creative resistance, strengthen local development and local productive systems, fundamentally those that do not depend on foreign currency, as well as develop the circular economy and stimulate innovation,” Head of State and Communist Party Leader Miguel Diaz–Canel told the Cuban people in a recent presentation that appeared designed to prepare the country for more tough times mostly on account of the island’s more than half a century’s old United States economic pressures.

Kitco Market Data Gold Prices for the three day period ending Thursday January 12, 2023

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 1,001’s trading results showed consideration of $7,490,126 from 15,360 shares traded in 16 transactions as compared to session 1,000’s trading results, which showed consideration of $59,871,724 from 246,836 shares traded in 61 transactions.

It would have come as quite a shock to many of us in the Caribbean when, around the middle of 2022, the World Bank declared that in its view the Caribbean was facing a “food crisis.”