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RBC Royal Bank takes decisive action to help clients impacted by COVID-19

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TORONTO (CANADA) – March 18, 2020 — Today, RBC Royal Bank (RY on TSX and NYSE) (“RBC”) announced plans to provide financial relief to its Caribbean clients impacted by the ongoing novel coronavirus (COVID-19) global pandemic.

Effective immediately, most RBC Personal banking clients in the Caribbean will benefit from an automatic three-month payment deferral on credit facilities. Business and Corporate banking clients are also eligible for the relief program, following individual eligibility assessments with an RBC representative. Automatic payment deferrals will be applied as of March 17, 2020 and remain in effect until June 30, 2020, or until further advised.

To be eligible for the program, Personal banking or Business and Corporate banking client accounts must be current and in good standing as of March 2, 2020. Clients who are already participating in RBC relief programs for other circumstances are excluded from this program.

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The relief program is intended to provide flexible solutions and help clients manage through the impacts of COVID-19, such as pay disruption; childcare disruption due to school closures; or dealing with the COVID-19 illness itself.

These measures are an important first step and underscore the resilience of the financial system and the critical role banks play in the economy. RBC will continue to monitor COVID-19 and the evolving economic conditions in each country and territory where the bank operates. RBC may consider other relief measures, if necessary.

RBC has a long history of standing by Caribbean clients through challenging times and this commitment will continue throughout this crisis and beyond.

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

News

Princess of Wales tells the world she has Cancer

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Garfield Ekon

Staff Writer

 

#UnitedKingdom, March 26, 2024 – Following Kate Middleton’s announcement on Friday, that she has been diagnosed with cancer, Kensington Palace says the Prince and Princess of Wales are “enormously touched” by outpouring of “kind messages” from across the globe.

In a statement, the Palace said the Royal Family welcome the outpouring of support from well-wishers, but they desire to have their privacy respected. In announcing what has been described by some as shocking news, Princess Kate said she is undergoing treatment for the illness.

The latest statement from the Palace said, “here in the UK (United Kingdom), across the Commonwealth, and round the world, in response to Her Royal Highness’ message” they are appreciative of the “public’s warmth and support and are grateful for the understanding of their request for privacy at this time”

Princess Kate has also released in a video where she said she and her husband had been doing everything “we can to process and manage this privately for the sake of our young family,” which included taking time to recover from her major surgery to start treatment and “most importantly” to explain everything to the children before going public with the news.

The children are said to now be away from school on their Easter holiday break, and Kate added in the video message that, “my work has always brought me a deep sense of joy, and I look forward to being back when I am able. But for now, I must focus on making a full recovery.”

She made the cancer revelation after questions were raised about her health, after she was hospitalised for two weeks, due to a planned abdominal surgery in January.  Post-operation test results revealed cancer had been present, and she started “preventative chemotherapy” in late February.

 

Photo Caption: Kate Middleton, Princess of Wales

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Caribbean News

CAAP Works on Major Boycott Movement to Help Palestine

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Rashaed Esson

Staff Writer

 

#Israel#Palestine#CAAP – The Caribbean Against  Apartheid in Palestine  (CAAP) is working on a Boycott Divestment Sanctions or BDS movement in Barbados for Israeli companies, to help suffocate financial backing  to the Israeli army that’s attacking Palestine. Member of CAAP Dr Saudah Muhammad, speaking at a CAAP Press Conference on Friday March 17, goes into detail, mentioning an Israeli company called Sabra Hummus as the first target to boycott, using the buying power of consumers to decrease their financial gains. She points out that Sabra Hummus was chosen because of its connection to the Israeli army.

“Sabra Hummus is co-owned by PepsiCo and Strauss group, which is an Israeli food company and they provide financial support to the Israeli army, so using our purchasing power to cut their funding, then directly supports a cut in funding to the genocide and to arms,” she said.

 

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Health

Under 5 Mortality Rate Decreasing

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Rashaed Esson

Staff Writer

 

 

#WHO#ChildDeathrate,March 13th, 2024 – The World Health Organisation (WHO) reports that the number of children who died before their 5th birthday has decreased, reaching a historic low of 4.9 million in 2022, declining by 51 percent since the year 2000. This is according to a recent release by the United Nations Inter-agency Group for Child Mortality Estimation (UN IGME).  However, despite the major progress, there is still a lot of work to prevent child mortality, as  data shows that in addition to the 4.9 million young lives lost, another 2.1 million children and youths, aged 5 to 25, also died, most of which were in sub-Saharan Africa and Southern Asia. The Organisation (WHO) says the main causes of these deaths are preventable and/or treatable issues such as complications around the time of birth, malaria and preterm birth, adding that lives could have been saved with better access to high-quality primary health care.

 

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