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By Douglas Mcintosh KINGSTON, Jamaica (JIS) — Jamaica’s unemployment rate has fallen to a new record low of 8.4 percent, according to the Statistical Institute of Jamaica’s (STATIN) Labour Force Survey for July 2018. This outturn is 1.3 percent lower than the 9.7 percent recorded for the April 2018 survey. It is also 2.9 percentage […]

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BOSTON, USA — A dual US and Haitian citizen was charged in a superseding indictment filed on Tuesday for his alleged participation in a scheme to bribe senior government officials in Haiti in connection with a planned $84 million port development project, and to launder funds in order to promote the bribery. An alleged co-conspirator […]

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MIAMI, USA — A former executive director at the Venezuelan state-owned oil company, Petróleos de Venezuela, SA (PDVSA), pleaded guilty on Wednesday for his role in a billion-dollar international scheme to launder funds embezzled from PDVSA. Abraham Edgardo Ortega, 51, a Venezuelan national, who was PDVSA’s executive director of financial planning, pleaded guilty to one […]

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PORT OF SPAIN, Trinidad — CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has announced that, for the second year in a row, Trinidad and Tobago received a payout on its excess rainfall policy following a period of heavy rainfall in October. The government received a payout of US$2,534,550 (approximately TT$17 million) due to […]

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BARRANQUILLA, Colombia — Representatives of the IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB) Group, together with representatives of the world’s leading technology and consulting companies, on Tuesday announced the launch of LAC-Chain, a new alliance to promote the use of blockchain in Latin America and the Caribbean. The presentation of this […]

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By Sheena Forde BRIDGETOWN, Barbados (BGIS) — Barbados is the third highest user of electric vehicles in the world in terms of electric vehicles per 1,000 people, according to minister of energy and water resources, Wilfred Abrahams Abrahams revealed that, currently, over 30 percent of Barbados’ total energy use is by the transportation sector, and, […]

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By Caribbean News Now contributor SAN JUAN, Puerto Rico — UBS Financial Services, part of the UBS Group, a Swiss multinational investment bank and financial services company, has been ordered to pay approximately $19 million for losses Puerto Rico investors incurred in UBS’s Puerto Rico bond funds and Puerto Rico bonds. These investors also complained […]

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MONTRÉAL, Canada — This winter, travelers departing from Montréal, Canada, will have more options than ever to discover Martinique. Starting November 1, 2018, Norwegian Air will inaugurate non-stop flights on Tuesdays, Thursdays and Saturdays at 2.25 pm from Montreal Pierre-Elliot-Trudeau International Airport to Martinique Aimé Césaire International Airport. “We are extremely excited to add a […]

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By Anthony L Hall Armed with an AR-15-style assault rifle and at least three handguns, a man shouting anti-Semitic slurs opened fire inside a Pittsburgh synagogue Saturday morning, killing at least 11 congregants and wounding four police officers and two others. … [This was reportedly the deadliest attack on Jews in US history.] Critics of […]

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By Sir Ronald Sanders It’s time for a Caribbean secretary-general of the Organisation of American States (OAS). Over the last 70 years, since its formation, the OAS has had ten secretaries-general and one acting secretary-general. None have come from the Caribbean, even though Caribbean countries started being members of the Organisation from its inception in […]

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