NEW DELHI, India -- The promoter of Winsome Diamonds & Jewellery, one of India's top bank defaulters to the tune of some US$1 billion, Jatin Mehta and his wife Sonia, gave up Indian citizenship to become economic citizens of St Kitts and Nevis in 2013-14.
GEORGETOWN, Guyana -- When Caribbean Community (CARICOM) heads of government meet in Georgetown, Guyana, next week, they will do so against the background of a number of threats to the region’s financial and economic stability. Chief among these are the threats posed by...
HAVANA, Cuba (ACN) -- A US company has taken on, for the first time in over half a century, the management of a hotel in Havana, even though Washington continues to block investment and trade with Cuba. According to the website of Starwood Hotels and Resorts Worldwide...
KINGSTON, Jamaica -- The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group, has signed a US$265 million financing package with Kingston Freeport Terminal Limited. The project will optimize and expand Kingston’s...
ROSEAU, Dominica -- Cabral Douglas, the son of former prime minister of Dominica, Rosie Douglas, is to file a lawsuit in the Caribbean Court of Justice (CCJ) against the island’s government over the forced cancellation of a 2014 concert by Jamaican recording artiste Tommy Lee.
DUBAI, UAE -- Dominica will be increasing the minimum amount of investment required to apply for its citizenship-by-investment program. Currently, the application cost for a single applicant for Dominican citizenship starts at US$100,000 plus fees, making it the most economical...
The European Council President, Donald Tusk, could not have been clearer. Following a June 29 informal session of European Union (EU) leaders, minus the UK, he said that there will be no European single market à la carte. Trade access, he observed, requires the acceptance of...
I predicted this retreat months ago; I called it the revolt of the voters. I encapsulated the sentiment and named it the two lost generations. Britain’s exit from the European Union has caused a shock wave all over the world. It need not be. Looking at the long past, Britain has always...
A meeting of foreign ministers and ambassadors of the Organization of American States (OAS) convened last week to discuss the ongoing efforts of OAS Secretary General Luis Almagro to use the Inter-American Democratic Charter against the government of President...
There was an official report submitted to the prime minister, which I believe PM Pierre Charles laid at least a summary of the conclusions before the Parliament or had it published by the government. But as I and the government have said repeatedly, a decision was made not to use scarce...
The $445+ million arbitration judgement for BTL, the $325 million waste of PetroCaribe funds, and the $55 million from SSB are a few of the blatant, in-your-face, evidence of the present government’s mismanagement of the economy in the name of maintaining power at any cost.
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