Latest News & Insight from the Region
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Latest News from Venezuela – US reimposed crushing oil sanctions
The United States is renewing sanctions on Venezuela's oil industry, after easing some of the penalties for six months in return for assurances the South American country would hold free and fair elections this year. Senior U.S. officials said the government of...
Haiti’s transitional council finalises agreement
Haiti’s transitional council have finalised a deal for the selection of a temporary government to take charge of the country as it grapples with crippling gang violence and social unrest. French news agency, AFP reported that the accord establishes a nine-member...
Nearly £17m worth of drugs seized in Caribbean Sea
The Royal Navy has seized nearly £17m worth of drugs after it intercepted smuggling speedboats in the Caribbean Sea. Across two operations, HMS Trent seized 200kg of cocaine and other drugs with an estimated street value of £16.7 million. Defence Secretary Grant...
Four Caribbean countries agree to CBI price floor
In a historic move, four out of the five OECS (Organization of Eastern Caribbean States) jurisdictions offering Citizenship by Investment Programmes (CBIPs) have signed a Memorandum of Understanding (MOU), marking a pivotal shift towards stricter regulations and...
Former BVI premier found guilty on drug-related charges
A former premier of the British Virgin Islands has been convicted on drug trafficking charges in the United States, highlighting how systemic corruption makes the strategically located island territory a formidable cocaine trafficking hub. On February 8, a jury in...
Bahamas announces top-up corporate income tax
Weeks after rejecting an IMF call to implement a personal income tax on its citizens, The Bahamas has announced plans for the introduction of a corporate top-up income tax. Speaking in his midterm budget communication to the nation, Prime Minister Philip Davis said...
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