BRIDGETOWN, Barbados - THE BBC reported last week that the United Kingdom’s economy dipped 0.3 per cent during the last quarter of 2012. The report went on to suggest that the decline has fuelled fresh fears that the economy could re-enter recession. That would not only be bad news for Britons, but also for Barbados and many of the tourism destinations in the Caribbean which depends heavily on British visitors to boost our tourism industries.
(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) The Regional Creativity for Employment and Business Opportunity (CEBO) now being introduced in Guyana is expected to be an initiative that will continually benefit Guyanese youth. That’s the word from Director, Human Development at the Caribbean Community (CARICOM) Secretariat Ms. Myrna Bernard on Monday during the opening of a CEBO training of trainers workshop that will train 12 facilitators from Guyana.
CARACAS, Venezuela — Maps of Venezuela hanging on the walls of schoolrooms and in government offices show a large striped area to the east of the country’s border with Guyana marked “Zone in Reclamation.” For more than a century, Venezuela has claimed that it is the rightful owner of this zone, which consists of about three-quarters of Guyana’s national territory. The longstanding feud has often darkened relations between the two nations.
WASHINGTON, CMC – Grenada’s Prime Minister Dr. Keith Mitchell has called for the implementation of a growth and transformation agenda coupled with his administration’s efforts to strengthen the Grenadian economy.
Addressing a protocolary meeting of the Permanent Council of the Organization of American States (OAS), Mitchell alluded to the transformation of the OAS and the importance of considering new communication technologies and social media.
TRIPOLI, Libya (AP) – Libyan Prime Minister Ali Zidan was snatched by gunmen before dawn today from a Tripoli hotel where he resides, the government said. The abduction appeared to be in retaliation for the United States’ special forces raid over the weekend that seized a Libyan al-Qaida suspect from the streets of the capital.
WASHINGTON, CMC – The World Bank says that for the first time currencies in Latin America and the Caribbean (LAC) are absorbing some of the shocks derived from a “less friendly” global environment.
According to the latest report by the World Bank’s Chief Economist in the office for Latin America and the Caribbean, depreciated currencies not only lower the cost of exports but also raise the cost of imports, making the export and local industries more competitive and boosting job creation.
WASHINGTON, USA -The International Monetary Fund warned Washington that the political showdown over the budget could damage the global economy, as it cut its US growth forecast.
The Fund, in its new World Economic Outlook, projected the US economy would grow 1.6 per cent this year and accelerate to 2.6 per cent in 2014, down respectively 0.1 and 0.2 percentage points from its July forecast.
WASHINGTON, CMC – The United States Supreme Court has begun debate on the reach of the federal securities laws by questioning whether investors can sue law firms and outside companies for their alleged roles in jailed Texas financier Allen Stanford’s US $7 billion Ponzi scheme.
Stanford is currently serving a 110-year sentence in a US federal prison for masterminding the scheme for more than two decades, offering fraudulent high-interest certificates of deposit at his Antigua-based Stanford International Bank (SIB).
WASHINGTON, CMC – The Inter- American Commission on Human Rights (IACHR) Wednesday urged Caribbean countries that still have the death penalty to abolish it or at least to impose a moratorium on its application.
In a message marking International Day against the Death Penalty on Thursday, the IACHR said regional instruments for protection of human rights do not prohibit per se the imposition of the death penalty, but they establish specific restrictions and prohibitions regarding its application.
WASHINGTON, CMC - The United States Supreme Court has begun debate on the reach of the fede ral securities laws by questioning whether investors can sue law firms and outside companies for their alleged roles in jailed Texas financier Allen Stanford’s US$7 billion Ponzi scheme.
Stanford is currently serving a 110-year sentence in a US federal prison for masterminding the scheme for more than two decades, offering fraudulent high-interest certificates of deposit at his Antigua-based Stanford International Bank (SIB).