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  • US foreign tax compliance law to die soon, expert predicts

    ST JOHN’S, Antigua – Noted financial crime expert and money-laundering author Jeffrey Robinson said if Caribbean governments wait it out, the United States’ Foreign Account Tax Compliance Act (FATCA) will not be around in five years. “FATCA worldwide is still born. FATCA will eventually die because there will be too many big jurisdictions who will simply refuse to comply,” he…

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  • Antigua described by major US publication as ‘Caribbean headache’

    WASHINGTON D.C., United States – A major United States publication says Antigua and Barbuda will be a “Caribbean headache” for President Barack Obama’s new nominee of chief trade negotiator – Michael Froman. Bloomberg Businessweek says Michael Froman has “plenty of negotiating work ahead of him. “With so many challenges ahead, you can forgive Froman if fixing a dispute with the…

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  • IMF predicts economic growth for the Caribbean

    WASHINGTON, CMC – The International Monetary Fund (IMF) says Caribbean countries will experience economic growth of just over one per cent this year, even as Latin America and the Caribbean will record half a percent economic growth in 2013. The IMF said that the growth will be supported by stronger external demand, favourable financing conditions and the effects of earlier…

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  • When the CARICOM Heads of Gov’t meet in July…

    KINGSTON, Jamaica – After a mere 20 months in the job, Mr Irwin LaRocque, the Caricom secretary general, must feel a bit dispirited. For, based on the information provided by eminent Caribbean journalist Mr Rickey Singh, and published in this week's Sunday Observer, Caricom now faces the danger of disintegration, instead of deepened economic integration and functional co-operation. According to…

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  • EDITORIAL: ‘Stoking fires’ for regional integration

    BRIDGETOWN, Barbados – Apparently now more disposed to striking a militant posture to influence decision-making processes at the Caribbean Community Secretariat, Secretary General Irwin LaRocque made a spirited intervention at last week’s ministerial meeting of the Council for Trade and Economic Development (COTED). First, he joined Guyana’s Foreign Minister Carolyn Rodriques-Birkett in calling for regional private sector representation at COTED…

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  • UNITED STATES-POLITICS-Cuban president’s daughter gets permit to attend gay forum

    WASHINGTON, CMC – The United States has changed its mind in allowing the daughter of Cuban President Raúl Castro to attend a gay rights forum in Philadelphia, Pennsylvania, reversing a previous rejection. Sexologist Mariela Castro, the director of Cuba’s National Center for Sex Education and a vocal proponent of same-sex marriage and gay rights, has received a US visa to…

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  • 2012 one of the ten warmest years on record

    BRIDGETOWN, Barbados, Advocate -The year 2012 was hot! In fact, it was ranked among one of the top 10 warmest years on record, says Omar Baddour, Climatologist with the World Meteorological Organization (WMO). This, despite the cooling influence of La Niña early in the year. He recently indicated that extreme weather and climate events were also noted last year, such…

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  • Low-key US plan for each nation to set climate goals wins ground

    BONN, Germany (Reuters) – A US-led plan to let all countries set their own goals for fighting climate change is gaining grudging support at UN talks, even though the current level of pledges is far too low to limit rising temperatures substantially. The approach, being discussed this week at 160-nation talks in Bonn, Germany, would mean abandoning the blueprint of…

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  • N Korea could eventually reach US with nuclear arms – Pentagon report

    WASHINGTON (Reuters) – North Korea’s continuing development of nuclear technology and long-range ballistic missiles will move it closer to its stated goal of being able to hit the United States with an atomic weapon, a new Pentagon report to Congress said yesterday. The report, the first version of an annual Pentagon assessment required by law, said Pyongyang’s Taepodong-2 missile, with…

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  • Venezuela opposition challenges Maduro’s win in court

    CARACAS (Reuters) – Venezuelan opposition leader Henrique Capriles challenged President Nicolas Maduro’s narrow election victory before the Supreme Court yesterday, prolonging what appears to be a futile effort to overturn last month’s vote. Capriles refused to accept the results of the April 14 vote for a successor to late socialist leader Hugo Chavez, and called on supporters to take the…

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