December 6, 2019

BVI & Cayman Islands sanctions – additional reporting obligations

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By Richard May, Martin Livingston, Adam Huckle, Anna Whaley, Brandon Doffing From Maples Sanctions Orders are extended by Statutory Instrument to the British Overseas Territories, including the British Virgin Islands and the Cayman Islands, to implement sanctions regimes implemented by the United Nations Security Council, the European Union and the United Kingdom Government (“Sanctions Orders“). […]

Ditching the Dollar: Venezuela moves to Euros in International trade

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From Sputnik News Venezuela’s vice president for the economy announced on Wednesday that the country will stop using the dollar for international transactions in favor of the euro. The news follows Venezuela’s turn toward cryptocurrency with the creation of the Petro in an effort to reduce its exposure to transactions conducted with dollars. “Since the government launched its first cryptocurrency, the Petro, […]

Saudi Arabia using the ‘oil weapon option’ could cause prices to soar to $150

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By Gina Heeb From Business Insider There is increasing evidence Saudi Arabia was behind the disappearance of Jamal Khashoggi, a US resident who has been a critic of the crown prince.   After the US threatened sanctions against Saudi Arabia, the oil-rich country seemed to hint at its ability to hit back through the energy market.  […]

OPEC OKs modest oil-output hike as Saudis, Iran compromise

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From Newsmax OPEC is said to have deal in principle with Iran for output hike OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to curb rising fuel costs. But the agreement failed to announce […]

Trump is here to stay and change the world

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By ROBERTO SAVIO From Caribbean Life ROME, June 18, 2018 (IPS) – Donald John Trump, 45th and current president of the United States, has been seen in many illustrious circles as an anomaly that cannot last. Well, it is time to look at reality. If we put on the glasses of people who have seen […]

Sir Ronald Sanders – A world less safe: The Caribbean is not immune

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By Sir Ronald Sanders Events affecting Iran, prompted by the May 8 decision of US President Donald Trump to withdraw America from a 2015 nuclear deal, may appear irrelevant to Caribbean countries. They are not. One of the first effects will be a rise in oil prices, which has already reached US$77 a barrel and […]

The View From Europe: the future cost of Trump’s ‘America First’ policy

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BY: DAVID JESSOP From The Barbados Advocate At first sight, last week’s decision by the US President to abrogate the hard-won 2015 UN Security Council deal on nuclear weapons with Iran may seem to have little bearing on the Caribbean. What it does, however, is take US exceptionalism to a new level. It ignores the […]

Fears of uprising impact celebration of Iran’s Fire Festival

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From WN For the Iranian regime, large gatherings of the Iranian people are to be feared. In the past few years, protests have increased and the election in 2009 resulted in what can only be described as an uprising. Since then, every protest has struck fear into the hearts of the ruling mullahs, as they […]

Burning tanker off Chinese coast ‘in danger of exploding’

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From BBC There are fears of an environmental disaster in the East China Sea as a tanker continues to leak oil two days after colliding with a cargo ship. Chinese officials have told state media the Sanchi is in danger of exploding and sinking. Rescuers attempting to reach the site were being beaten back by […]

Yemen rebel ballistic missile ‘intercepted over Riyadh’

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From BBC The Saudi-led coalition battling Yemen’s Houthi rebels says it has intercepted a ballistic missile near Riyadh, Saudi state media report. Witnesses in the Saudi capital posted pictures on social media showing a cloud of smoke in the air, and there were no reports of any damage. The Houthi movement’s al-Masirah TV said rebel […]