News
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Montserrat to benefit from 11th EDF programme
BRADES, Montserrat, CMC – Montserrat says it will receive funding for development programmes under the 11th European Development Fund (EDF) during the period 2014-2020. The European Union Foreign Affairs Council Monday approved the level of funding for the 11th EDF for the period 2014-2020 of which Euro 364 million pounds (One Euro = US$.1.25) is for the Overseas Countries and…
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Bermuda is no tax haven says finance minister
(Reuters) – Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of dollars from U.S. and European tax authorities, the territory's finance minister said on Monday. Google has come under fire from British lawmakers for channelling billions of dollars a year through an Irish subsidiary to a Dutch sister company which then passes…
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Focus on US and China at Invest Caribbean
NEW YORK—Investment in the Caribbean region is bringing together a unique coalition for Caribbean American Heritage Month, as the United States, China and the Caribbean unite for Invest Caribbean Now 2013. The sold out Forum tomorrow at the Radisson Martinique Hotel in New York City, comes on the heels of US President Joe Biden’s Caribbean trip on May 28 for…
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Regional leaders urged to back loan for LIAT
GEORGETOWN, Guyana, CMC – Caribbean Community (CARICOM) leaders are being urged to support a loan application by the regional airline, LIAT, for funds to undertake a re-fleeting exercise so as to sustain its operations and improve services. A CARICOM Secretariat statement said that regional transport ministers who met in St. Vincent and the Grenadines last week, have agreed to put…
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CARICOM SG welcomes ruling on CCJ in St. Lucia
GEORGETOWN, Guyana, CMC – Caribbean Community (CARICOM) Secretary General Irwin LaRocque has welcomed the ruling by the Eastern Caribbean Supreme Court of Appeal that St. Lucia does not require to stage a referendum before it joins the Trinidad-based Caribbean Court of Justice (CCJ). LaRocque said that in confirming the procedure to be followed by St. Lucia to have the CCJ…
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Oil exploration suspended
HAVANA, Cuba, CMC – A Russian state oil company drilling off Cuba’s northern shores says it is temporarily halting its exploration. Zarubezhneft said it was halting work because of “geological” problems but will resume oil exploration next year. The announcement signaled an end to the only active exploration program in Cuba which now relies on highly subsidized oil from Venezuela.…
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Venezuelans rally on Calle Ocho to allege fraud in presidential elections
Several thousand Venezuelans gathered in the heart of Little Havana on Sunday in one of a string of rallies around the world to voice their allegations of fraud in April elections officially won by President Nicolás Maduro. Under a sea of red, blue and yellow Venezuelan flags and amid chants of “fraud,” the protesters packed a stretch of Southwest Eighth…
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Scores Die in Fire at Chinese Poultry Plant
HONG KONG — Explosions and fire tore through parts of a poultry plant in northeast China on Monday, killing at least 119 people, in one of the country’s worst factory accidents in recent years. Residents near the factory, the Baoyuanfeng Poultry Plant, in Jilin Province heard blasts at about 6 a.m. Parts of the plant were engulfed in flames but…
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