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Island News

WASHINGTON, United States – The Donald Trump administration today took punitive action against Venezuela, imposing tough new financial sanctions against the Spanish-speaking Caribbean country gripped in turmoil. President Trump signed an executive order mandating the prohibition of trade in new bonds issued by the Nicholas Maduro government and the state-run oil company Petroleos de Venezuela SA (PDVSA). White House Press Secretary Sarah Sanders said the move essentially bars American banks from entering any new deal with the Venezuelan Government. “The president’s new action prohibits dealings in new debt and equity issued by the government of Venezuela and its state oil company. It also prohibits dealings in certain existing bonds owned by the Venezuelan public sector, as well as dividend payments…
NEGRIL, Jamaica – Ceylon Clayton is trying to revive a sea moss growing project he and friends started a few years ago to supplement their dwindling earnings as fishermen. This time, he has sought the support of outsiders and fishermen from neighbouring communities to expand the operations and the ‘unofficial’ fishing sanctuary. Clayton is leading a group of ten fishers from the Little Bay community in Westmoreland, Jamaica, who have big dreams of turning the tiny fishing village into the largest sea moss producer on the island. He is also one of the many thousands of fishers in the Caribbean who are part of an industry that, along with other ecosystem services, earns around 2 billion dollars a year, but…
BRIDGETOWN, Barbados – If you could buy $1.00 for $0.90 cents, would you? Today, Barbados is offering that deal to anyone willing to risk buying its heavily discounted external debt. Of course, there is a reason for that discount. In the first 40 years of Barbadian independence, annual public revenue was exceeded by public spending just four times. By contrast, in the last 10 years, spending has been less than revenue only once. Result: public debt is spiralling and the price of Barbados bonds is being marked down as confidence wanes in our ability to repay. Imagine out of this quandary that we aim not only to tame the debt. We also target creation of an additional economic pillar that…
BELMOPAN, Belize – The remnants of Tropical Storm Harvey passed by Belize barely noticed yesterday. While the system had redeveloped to become Tropical Depression Harvey by this morning after degenerating last Saturday, it did not pack much of a punch, and a hurricane hunter sent to investigate it earlier today found maximum sustained winds remain near 35 miles per hour. Now that it has passed Belize, the National Hurricane Centre (NHC) in Miami says some strengthening is expected and Tropical Depression Harvey could become a tropical storm again later tonight and a hurricane on Friday, threatening the US states of Texas and Louisiana. It said Harvey should be approaching the Texas coast late Friday, and is expected to produce total…
GEORGETOWN, Guyana – Religious, humanitarian and non-governmental organizations in Guyana have rapped the David Granger administration for its treatment of Venezuelans fleeing their homeland because of the worsening political and economic environment. Venezuelans who enter Georgetown illegally are taken before the law courts, fined and deported. But the groups insist that Venezuelans should not be treated as illegal migrants but have proposed that Venezuelans be registered on arrival.

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