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NEW YORK (AP) -- Wal-Mart plans to add about 10,000 retail jobs in the U.S. as it opens new stores and expands existing locations.

The world's biggest retailer said Tuesday that there will also be about 24,000 construction jobs generated by its expansion plans.

There will be 59 new, expanded and relocated Walmart and Sam's Clubs locations, according to Wal-Mart Stores Inc.

The company plans $6.8 billion in capital investments in the U.S. in the coming fiscal year, which begins on Feb. 1. The investments include construction and remodeling of stores, clubs and distribution centers, and the expansion of new services such as online grocery pickup.

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(Trinidad Express) Within hours of being activated in Trinidad yesterday, ride-sharing app Uber hit a bump in the road with the Ministry of Works and Transport questioning the legality of its operations here.

Ministry officials, including Minister Rohan Sinanan, met for several hours on the issue yesterday.

It later issued a news release stating it will be seeking legal advice to determine if the service can continue to operate within Trinidad and Tobago's legislative framework.

At 11 a.m., the app was officially turned on.

Uber is an on-demand car service that allows passengers to request private drivers through applications for iPhone and Android devices. The service utilises dispatch software to send the nearest driver to your location.

In the release, the ministry said while Uber is known internationally, local authorities were concerned over the legality of its operations within this jurisdiction.

“A major concern of the Ministry of Works and Transport in the operation of Uber is whether private vehicles would be used for hire,” it stated.

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(Trinidad Guardian) Finance Minister and acting Energy Minister Colm Imbert is happy that oil prices are rising which he said is positive for the economy of the country.

“From the recent agreement with the Organisation of the Petroleum Exporting Countries (OPEC) and non OPEC members you would have seen the uptick in the prices. I am very happy that the prices are over US$ 50 a barrel of oil. It means that T&T is now getting Supplemental Petroleum Tax (SPT) which the country does not get when the price is less than $50. The way the works is that it kicks in immediately at $50,” he said.

He said smaller energy companies have said that they make a loss money when oil prices around $50 to $60 a barrel and the oil and gas fiscal regime has to be modified.

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LONDON (AP) -- The British pound fell to a three-month low on Monday amid reports Prime Minister Theresa May is about to set the U.K. on the road to a clean break with the European Union, pushing the country into uncertain economic territory.

The currency fell below $1.20 before recovering slightly. It has lost about a fifth of its value since Britain voted in June to leave the EU.

May is due to disclose details of Britain's exit plans in a speech on Tuesday. Her office says she will call for a "global Britain" that's open to the world.

Some British media say she'll signal a willingness to take the U.K. out of the EU's single market in goods and services in order to gain control over immigration. EU leaders say Britain can't have single market access without allowing free movement of people from the bloc.

The prospect of losing privileged access to the EU market alarms many in Britain's huge financial services sector, which relies on being able to do business seamlessly across the 28-nation bloc.

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Published: Saturday, January 14, 2017

Officials RBC Royal Bank remained tight-lipped yesterday about how many workers have been offered VSEP and voluntary early retirement packages by the bank.

In confirming the moves to reduce staff on Thursday, RBC officials had said the changes being made are in keeping with the bank’s strategic plan, which also includes merging the operations at its Chaguaramas and Westmoorings branches, Carlton Centre with the High Street, San Fernando branch and consolidating operations at Point Lisas with the Couva branch.

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http://www.guardian.co.tt/business/2017-01-14/customers-concerned-about-rbc-changes 

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