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Month: July 2016

Banks abandon the Caribbean, local bitcoin exchange experiences 33% increase in users every month since February

By Luke Parker from Brave New Coin Smaller, poorer countries are being abandoned by big banks in an exodus commonly referred to as “de-risking” or “de-banking.” In the Caribbean, where many small countries with poorer populations reside close to each other,…

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Caribbean chases zika preparedness after death of mosquito expert

By Gerard Best From Caribbean News Now PORT OF SPAIN, Trinidad — There may come a time when entomologists don’t have to save us from mosquito-borne pandemics. But that time is not today. Thanks, zika. With millions crossing international borders…

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This $195 million yacht was just put up for sale

By Yacht Harbour From Business Insider 107m Ulysses, delivered to her owner by Norway-based, Kleven earlier this year, is now up for sale at an asking price of $195,000,000 through Burgess and Fraser Yachts. First yacht to be built by …

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The impact of ESMA’s AIFMD passport ruling [on Cayman Islands]

By Jonathan Watkins From Global Custodian Experts weigh in on ESMA’s advice on AIFMD passports for 12 non-EU countries which could affect US and Cayman Island-based funds. Industry experts have told Global Custodian that the effect of Europe’s ruling on…

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US will not lift sanctions on St Lucia without credible progress

From Caribbean News Now CASTRIES, St Lucia — The United States has made it clear to the new government in Saint Lucia that the ongoing failure to bring to justice those responsible within the local police force for gross violations…

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ECLAC team trains Belize public finance managers

Twenty Government officials from Belize benefitted from a one week workshop to build capacity in Conducting Public Expenditure Reviews (PERs), focusing on Applications for Education, Health, Agriculture and Social Protection. PERs are intended to align expenditures with government’s priorities. They…

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The thirst is real!

By Jamilla Sealy – From Caribbean News Service BRIDGETOWN, Barbados, Jul 20 2016 – The heat has been quite unbearable for the past year which were the hottest 12 consecutive months on record. Could this be why the marine debris…

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“Looking: The Movie” wraps up the acclaimed series with the feature-length film debuting on July 23, exclusively on HBO

Miami, FL., July 21, 2016 – HBO announces the premiere of Looking: The Movie, based on its critically acclaimed original series Looking which debuted in January 2014. Starring Jonathan Groff (HBO’s The Normal Heart), Frankie J. Alvarez (Smash) and Murray…

June does it again: Global temperature sets 14th consecutive monthly record

By Jeff Masters and Bob Henson From Weather Underground Even with the intense 2015 – 2016 El Niño event out of the picture, June 2016 was still the planet’s warmest June since record keeping began in 1880, said NOAA’s National…

Private retreat for billionaires

Billionaire Caribbean retreat offers total privacy for $7.2 million By James Tarmy & Chris Rovzar From Bloomberg Winters in New England can be brutal, so Ernie Boch Jr., heir to a billion-dollar car dealership fortune and proud Boston resident, came…