In recent months, a new trend has emerged across Aruba’s business sector: the shift away from accepting bank cards or charging customers an extra fee for card transactions. This shift is driven by rising transaction fees imposed by financial institutions, with some...
Latest News
Cash Resurgence in Aruba: A Backward Step or a Necessary Adjustment?”
“Supporting Local Businesses in Aruba: Economic Growth or Financial Strain?”
The "Buy Local" movement has gained traction in Aruba, with initiatives like AWEMainta advocating for supporting local businesses as a way to strengthen the island’s economy. The premise is simple: when residents choose locally made goods and services over imports,...
Vacancy Tax: A Solution for Abandoned Buildings in Aruba’s Mainstreets
In both Oranjestad and San Nicolas, long-term vacant buildings have become a growing problem. These vacant properties contribute to a rundown appearance of the main streets and hinder economic and social vitality. Many owners, often without mortgage burdens, demand...
Global Shipping Trends: Why Smaller Vessels Are Taking Center Stage
The dynamics of global trade are reshaping the shipping industry, prompting a shift from massive container ships to smaller, more versatile vessels. This change is driven by trade rerouting away from China, environmental regulations, and geopolitical uncertainties...
Crypto 2025: From Speculation to Mainstream Revolution”
As the crypto industry ushers in 2025, significant trends promise to redefine its trajectory. From Bitcoin’s increasing role in DeFi to regulatory clarity, these developments indicate a shift from speculative enthusiasm to real-world utility and adoption. Bitcoin...
Citgo Auction Heats Up as Creditors Push for New Bids
The court auction for shares in PDV Holding, parent company of Citgo Petroleum, has hit a roadblock as creditors challenge a $7.3 billion bid from Amber Energy, an affiliate of Elliott Investment Management. The auction, aimed at resolving Venezuela’s $21.3 billion...
True Value Declares Bankruptcy, Sells Itself to Rival Do it Best
True Value, a well-known hardware store chain with a 75-year history, has declared bankruptcy and announced plans to sell most of its operations to rival company Do it Best. This move comes as the company faces financial difficulties amid a slowdown in the housing...
Belgium Braces for New Wave of French Tax Exiles
Following the surprising success of the Nouveau Front Populaire (NFP) left-wing alliance in France’s parliamentary elections on July 7, Belgium is anticipating a new influx of French tax exiles. The election result, which granted a relative majority to the NFP, has...
Armani and Dior Under Investigation in Italy for Worker Exploitation Claims
Italy's competition authority has launched an investigation into luxury fashion brands Armani and Dior over allegations of worker exploitation in their supply chains. The probe focuses on whether these brands have misled consumers about their ethical production...
Whistleblowers Accuse OpenAI of Illegal NDA Restrictions
Whistleblowers have accused OpenAI of imposing illegal restrictions on employee communications with government regulators, according to a letter obtained by The Washington Post. The letter, sent by lawyers representing anonymous whistleblowers to Securities and...
What a Trump Presidency Could Mean for the Dollar and Stock Market
The US dollar has seen significant strength this summer, surging about 13% since 2021. While a left-wing resurgence in France briefly tempered this rise, the dollar's momentum remains robust, influenced heavily by the Federal Reserve’s actions. The potential return of...
Cutting the 30% Ruling Will Harm Dutch Economy, Report Finds
The tax break for high-skilled migrants, known as the 30% ruling, generates more revenue than it costs, according to a report for the Dutch finance ministry. This tax incentive, which allows selected foreign workers to receive nearly a third of their income tax-free...
Gold Mining Industry Faces Challenges as Deposits Become Scarce, Says World Gold Council
The gold mining industry is grappling with sustaining production growth as deposits of the precious metal become increasingly difficult to find, according to the World Gold Council (WGC). Despite a record 4% increase in first-quarter mine production in 2024,...
Philips Agrees to $1 Billion Settlement in U.S. for Recalled DreamStation Sleep Apnea Devices
In a significant development, Philips, the healthcare technology giant, has reached a settlement in the United States regarding its recalled DreamStation sleep apnea devices. The company has agreed to pay a staggering $1.1 billion in damages to affected patients,...
Taylor Swift Solidifies Billionaire Status on Latest Forbes List
New York, NY - April 6, 2024 - Pop superstar Taylor Swift continues to rewrite the record books, this time securing her place among the world's elite. According to the recently released 2024 Forbes World's Billionaires List, Swift has officially joined the ranks of...
Aruba Tourism Authority Reveals Surplus in 2023 Budget Execution Report
In a recent revelation, the Aruba Tourism Authority (ATA) has emerged with a surplus of 20 million florins, as highlighted in the "execution report 2023" concerning budget implementation. This announcement comes alongside the disclosure by the CAft (College Aruba...
Other News
How Caitlin Clark’s New All-Star Teammate Strengthens the Indiana Fever’s Playoff Hopes
The Indiana Fever have made major moves this offseason to build a competitive roster around their star guard Caitlin Clark. The biggest addition is six-time WNBA All-Star DeWanna Bonner, who has signed a one-year deal with the team. Alongside Bonner, the Fever also...
Kansas City Chiefs Aim for Historic Third Consecutive Super Bowl Victory
The Kansas City Chiefs are on the verge of making NFL history as they prepare to compete in Super Bowl LIX. Led by star quarterback Patrick Mahomes, the Chiefs are aiming to become the first team ever to win three consecutive Super Bowls, solidifying their dominance...
Shein Returns to India After Five-Year Ban Under Reliance Retail Partnership
Chinese fast fashion giant Shein has officially re-entered the Indian market after being banned in 2020, thanks to a long-term licensing agreement with Reliance Retail. The deal allows Shein-branded products to be manufactured and sold in India, while Reliance Retail...
Trump and the Press: A Look at the Media’s Stance
The relationship between Donald Trump and the media has been one of the most polarizing aspects of modern politics. Throughout his presidency and beyond, news outlets have taken clear positions, either strongly supporting or vehemently opposing him. While conservative...
Panama Buckles Under U.S. Pressure, Ends Key Canal Deal with China
Under mounting pressure from the United States, Panama has announced it will end a critical development deal with China, marking a significant shift in its foreign policy. The decision came after U.S. Secretary of State Marco Rubio’s visit and growing complaints from...