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KINGSTOWN, St Vincent — The process of bidding and financing for the infrastructure rehabilitation and upgrade – River Training Works at Yarabaqua has received much public outcry. The result was a CDB review, and declaration of “ mis-procurement, in accordance with Paragraph 1.13 of the Caribbean Development Bank (CDB) guidelines for procurement (January 2006),” and […]
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GEORGE TOWN, Cayman Islands (CNS) –  Financial Services Minister Tara Rivers continued her efforts to “dispel harmful myths about the Cayman Islands” with another trip to Washington DC. Rivers met with Justin Muzinich, the deputy secretary of the US Treasury, as well as US senators, members of Congress, senior Congressional staff, and other federal agency […]
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By Gita Gopinath WASHINGTON, USA — In our July update of the World Economic Outlook we are revising downward our projection for global growth to 3.2 percent in 2019 and 3.5 percent in 2020. While this is a modest revision of 0.1 percentage points for both years relative to our projections in April, it comes […]
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By Chester Robards NASSAU, Bahamas — The financial sector continues to face declines in the number of banks and employed people in 2018, and the sector’s total domestic assets also declined in that year, according to the Central Bank of The Bahamas’ (CBOB) Gross Economic Contribution of the Financial Sector in The Bahamas 2018 report. […]
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KINGSTOWN, St Vincent — A strong advocate for the advancement of regional integration in the region, prime minister Ralph Gonsalves’ tenure as chairman of the Organisation of Eastern Caribbean States (OECS) focused on deepening relations amongst member States and improving the quality of life for citizens. Key areas of focus, under Gonsalves’ chairmanship, were: (a) […]
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NEW YORK, USA – Israel’s Supreme Court has reportedly ruled that the houses were built too close to the separation barrier in the occupied West Bank, violating a construction ban. “Among other things, the destruction of private property in occupied territory is only permissible where rendered absolutely necessary for military operations, which is not applicable”, […]
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The Ministry of Tourism, Information and Broadcasting, Culture and Creative Industries, under the OECS Regional Tourism Competitiveness Project (ORTCP) has completed the process of gathering information from vendors at the Castries market, on what additional individual assistance they need to boost their enterprise, and generate more revenue opportunities.
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MEXICO CITY, Mexico — Based on new evidence assessing benefits and risks, the World Health Organisation (WHO) recommends the use of the HIV drug dolutegravir (DTG) as the preferred first-line and second-line treatment for all populations, including pregnant women and those of childbearing potential. Initial studies had highlighted a possible link between DTG and neural […]
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NEW YORK, USA – A wholly owned subsidiary of Microsoft Corporation, has agreed to pay a criminal penalty of more than $8.7 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bid-rigging and bribery scheme in connection with the sale of Microsoft software licenses to […]
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