For more than two years, European leaders have pushed a cocktail of fiscal austerity and structural reforms on troubled countries like Portugal, Spain and Italy, promising that it will be the tonic to cure their economic and financial ailments. All the evidence shows that this bitter medicine is kil...

MOSCOW — A leak of details about offshore bank accounts belonging to Russian businesspeople and the wife of First Deputy Prime Minister Igor Shuvalov threatens to embarrass President Vladimir Putin, who has vowed to crack down on the use of tax havens. The International Consortium of Investig...

PORT OF SPAIN, Trinidad - Within a month T&T will open its embassy in Bejing, China, more than 30 years after China established its embassy here in T&T. On June 20, 1974 China established diplomatic relations with T&T and in April of 1975 the embassy was established. Foreign Affairs Mini...

NASSAU, Bahamas, CMC – The main opposition Free National Movement (FNM) wants the Perry Christie government to enforce the law and ensure that illegal web-shops are closed. FNM leader Dr. Hubert Minnis said he was also calling on the Commissioner of Police, Ellison Greenslade, to enforce the ...

WASHINGTON, CMC – The International Monetary Fund (IMF) says low-income countries (LICs), including the Caribbean, have “bounced back” in the past two decades. An analysis in the Washington-based financial institution’s latest World Economic Outlook (WEO) suggests that &ldq...

BRUSSELS, Belgium, CMC – The United Nations-backed Global Fund says it needs an estimated US$87 billion to bring under control the threat posed by HIV/AIDS, tuberculosis and malaria, during the 2014-2016 period, in the Caribbean and globally. “If we don’t seize this moment, we wi...

CARICOM BRIDGETOWN, Barbados, CMC – Prime Minister Freundel Stuart hinting that the global economic crisis may have forced Caribbean countries to become more inward looking, says nonetheless the regional integration movement is “alive and well.”   “The perception that ...

WASHINGTON, CMC – The International Monetary Fund (IMF) says it is making available more than US$10 million to Antigua and Barbuda after completing review of the island’s economic performance under a three-year Stand By Arrangement (SBA) indicating also that the economy is showing signs ...

NASSAU, Bahamas, CMC – The Bahamas government is providing a tax amnesty to property owners ahead of the June 30 deadline. The government says effective immediately, the Real Property Tax Amnesty Programme could save home owners up to 50 per cent of the taxes owned to government if they make...

KINGSTON, JAMAICA, Gleaner- The Guyana government says it will hold a national mining lottery later this month that will target small miners due to the increased demand for mining properties. Natural Resources and the Environment Minister Robert Persaud said the lottery, to be held in all six mini...