July, 2007

Raúl Castro acknowledges day-to-day hardships

Cuba’s acting president, Raúl Castro, made a frank assessment of the situation in his country Thursday, acknowledging difficulties and challenges faced by Cubans in their daily lives, ruling out the possibility of short-term solutions.

BDS$120m injection for LIAT

The Caribbean Development Bank is providing a loan and a grant to aid the intraregional airline LIAT with restructuring following its acquisition of rival Caribbean Star.

New submarine volcano off Trinidad

A submarine volcano has been discovered five miles east of Trinidad. Scientists said that it appears to be a mud volcano which may or may not create a new island for the twin island republic.

Three top rally drivers face off

The top three finishers in Rally Barbados 2007 go head-to-head once again this weekend, as the Barbados Rally Club runs its annual Summer Nights Tarmac Sprint on Saturday.

ICC announces Twenty20 umpires

The International Cricket Council announced the umpires and match referees for the inaugural Twenty20 world championships, excluding five involved in April’s shambolic World Cup final.

Rihanna brollies hit the market

Is it still raining? Fancy a brolly? A Rihanna brolly? Riding high on the popularity of her single ‘Umbrella’, Barbadian teenaged star Rihanna has released her own line of umbrellas and parasols including a signature item and the specially designed satin umbrella used on her MTV recording of her hit single.

CMMB: Subprime Spillover?

There is a lesson for local investors following the recent shake-up in the sub-prime mortgage market in the US. Be aware of the composition of the assets that are backing your Mutual Fund or other similar type investment. 

From reggae to real estate

The founder and former owner of the successful Island Records label, Chris Blackwell, is constructing another luxury development in Jamaica.