Caribbean

Cuba?received on Tuesday a shipment?of humanitarian aid from Nuestra America Convoy, a global effort organized by activists who are seeking to circumvent the?U.S. Cuba is under sanctions that severely restrict shipments of fuel, food and other goods to the island. A small ship, which left last week for the port of Progreso, Mexico, arrived early Tuesday morning in Havana Harbor, carrying 14 tons of food and medicine, as well as solar panels and bikes, to Cuban authorities. The ship was part of a flotilla that left Progresso with two other ships arriving later. The ship topped up the 6 tons...

The majority of 'Gulf' stock markets were up in the early trade on Sunday. The Saudi index was up for a fifth consecutive session after the?Iranian?temporary governing council agreed to stop attacks on neighboring nations, unless they originated on their own territory. Saudi Arabia told Tehran it supports a diplomatic solution to Iran's conflict with the U.S. but that continued attacks against the kingdom and its energy sector may push Riyadh into a similar response, according to sources. Saudi Arabia's benchmark.TASI index rose 2%. All of its constituents posted?gains led by energy and material stocks. Brent oil prices surged on...

According to The Gleaner, the local media outlet, 'Jamaica’s Foreign Ministry announced on Thursday that it will terminate a medical 'cooperation program' with Cuba. In a statement, cited by The Gleaner, the foreign ministry stated that the two governments could not agree on terms of a new agreement. The Gleaner reported that the medical professionals would be allowed to continue working until their tenure is complete. Jamaica's Minister of Health and Wellness Christopher Tufton said previously that?about 300 Cuban medical professionals and doctors were working in the island despite the previous agreement expiring in 2023. Jamaica has become the latest...

President Donald 'Trump said on Friday that the United States' relationship with Venezuela is "very good". He also stated his intention to visit Venezuela. Trump's praise of Venezuela's interim leader Delcy Rodrguez follows the U.S. arrest of Venezuelan president Nicolas Maduro, in January. The Trump administration also wants to increase oil deals with Venezuela. Trump said to reporters at the White House that he would be visiting Venezuela, but he didn't give any further details. Trump noted that the United States "work very closely" with Rodriguez to ensure?access? to oil. Trump said, "I would rate the relationship we currently have...

Izvestia, a Russian newspaper, reported on Thursday that Russia was preparing to ship crude oil and fuel to Cuba within the next few months. Cuba has been hit by fuel shortages since the U.S. cut off its oil supply. The communist-run Island has informed international airlines that there will be no jet fuel available. This is the latest sign of rapidly worsening conditions. Venezuela has been a major supplier of jet fuel to the United States for many years. However, since Washington's 'blocking of Venezuelan exports in mid-December, it hasn’t received any crude or refined products. A Russian diplomat said...

Cuban President Miguel Diaz-Canel announced on Thursday that his government will implement a plan to address fuel shortages in the 'next week' as the U.S. attempts to cut off oil supplies to the Caribbean Island nation. Last week, tensions escalated after the U.S. announced it would impose tariffs on products from countries that supply oil to Cuba. This led to a spike in prices for transportation and food, and a severe shortage of fuel. Last month, U.S. president Donald Trump announced that Cuba would cease to receive oil from Venezuela, its largest supplier. Diaz-Canel stated in a two-hour long televised...

On Sunday, the United States accused Cuba of interfering in the work of their top diplomat at Havana after small groups of Cubans laughed at him outside the capital during meetings with residents and church representatives. On social media, the State Department accused Cuba of using "failed intimidation techniques" and demanded that Havana cease "sending individuals who interfere with diplomatic work of the United States." Charge d'Affaires Mike Hammer. The tension between the two long-time enemies has increased after U.S. president Donald Trump declared Cuba an "unusual and extraordinary threat" against the national security of the United States and announced...

Four people who are familiar with these reports in recent days have expressed doubts that interim Venezuelan president Delcy Rod will cooperate with Trump's administration by cutting off ties to U.S. enemies. Officials of the United States have publicly stated that they want Venezuela's interim president to cut ties with allies such as Iran, China, and Russia. They also want their diplomats and advisors expelled from Venezuela. Rodriguez, who was sworn in by the representatives of these countries at the beginning of this month, has not yet publicly announced such a decision. She was elected president on January 3 after...

Trafigura, a trading house, has sold its first shipment of Venezuelan crude oil, as part of an agreement between Caracas, Venezuela, and Washington for the supply of 50 million barrels of oil. The Spanish refiner Repsol is expected to receive a shipment of this quantity. Two sources stated that the cargo should be delivered to Repsol by mid-February. Trafigura and Repsol have declined to comment. The agreement would be one of the first to sell Venezuelan oil in Europe since the United States captured Venezuela's leader at the beginning of this month, and struck an agreement with Caracas for the...

Trafigura, a trading house, sold a 'cargo' of Venezuelan oil, to a Spanish refiner. Vitol, a rival, was preparing to export Venezuelan fuel as shipments from the OPEC nation accelerated, according to oil industry sources. U.S. officials reported that Vitol, Trafigura and other companies obtained their first U.S. licensing to load and export Venezuelan crude oil earlier this month. Initial sales reached $500 million or approximately 11 million barrels last week, they said. U.S. officials said that other companies, such as U.S. giant Chevron, were waiting for Washington's exemptions from U.S. sanctions against Venezuela before expanding exports. According to industry...

Sources in the industry said that Trafigura sold its first cargo of Venezuelan crude oil as part of a 50 million barrel supply agreement between Caracas, Washington and Spain. The shipment was taken by Spanish refiner Repsol. Two sources confirmed that the cargo will be delivered in Spain to Repsol in February. Trafigura did not respond immediately to a comment request. Repsol refused to comment. This deal marks the first time that Venezuelan oil has been sold to Europe since the United States seized?the South American nation's leader earlier this month, and struck agreements with Caracas for the export of...

MEXICO CITY. Jan. 7 - Mexican president Claudia Sheinbaum stated on Wednesday that Mexico was not sending more crude oil to Cuba than in the past, but that amidst recent events in Venezuela Mexico had become an "important" supplier of crude oil to Cuba. Sheinbaum's comments were made during her morning press conference, in response to the question of whether Mexico was now the primary oil supplier for Cuba following the United States blockade of oil exports from Venezuela since mid-December. "We are not sending more oil than we have historically." She said. "Ofcourse, with the current Venezuelan situation, Mexico...

Grenada's Climate Ambassador said that a?group of Caribbean nations plan to raise $200m for a bid to?"boost biodiversity" in an effort to gain a?more influential position on international financed environmental projects?to maximize their impact. The 30X30 initiative of the Organisation of Eastern Caribbean States and its 12 member states is part of a broader international drive to achieve targets agreed in 2022. These include protecting 30% of land and ocean by 2030. Safiya sawney stated that she hoped such cross-border projects, which are under government oversight from the beginning, would be more successful as they leveraged the power of multilateral...

Legal & General is the largest asset manager in Britain. It has pledged up to $1 billion in five years as a cornerstone investment in a new wave of "debt for nature" swaps. Debt-for nature swaps are designed to reduce interest costs?so that governments can spend more money on conservation. But the market is in a drought after President Donald Trump returned to power and key U.S. support dried up. L&G is using its institutional power to support a wider push for the revival and growth of the market. It has backed Ecuador’s record-breaking swap for its Galapagos Islands 2023...

Havana's garbage piles up on the streets, attracting hordes flies, and smelling of rotten foods. This is one of the visible effects of the U.S. effort to prevent oil reaching the Caribbean's largest island. Cubadebate, a state-run news outlet, reported that only 44 out of 106 Havana's rubbish trucks could continue to operate due to fuel shortages. This slowed down garbage collection. Residents sorted through the piles of cardboard boxes, plastic bottles, rags and used bags to find scraps that they could reuse, but motorists, pedestrians, and cyclists were forced to avoid the massive heaps. Jose Ramon Cruz, a local...

Enosis capital, a credit fund, has signed an agreement with AXA XL to have the insurance company provide vital cover for a $3 billion wave of debt for nature' deals. The first deal is expected to be in the next 6 to 9 months. Debt-for nature swaps are designed to help countries with lower incomes spend more money on ecosystems that are under threat, such as coral reefs or rainforests. They do this by substituting expensive government bonds for cheaper alternatives. Belize, Barbados, and Ecuador's Galapagos Islands are examples of places that have seen their popularity grow. But there has...

Head of Nature of the world's largest climate philanthropy, gave $24.5 million for coastal ecosystem protection as part of a plan that aims to create a cross-border marine Biosphere Reserve. The Bezos Earth Fund has awarded four grants to local communities in Costa Rica and Panama. Colombia and Ecuador will also receive a grant. The grants are part of a $1 billion plan to protect 30% of the land and oceans of the planet by 2030. The group of donors aims to contribute $5 billion in the same time period as part of the "Protecting Our Planet Challenge" with 10...

Jamaica has received up to $6.7 billion from international agencies for reconstruction in the aftermath of Hurricane Melissa. Melissa, one the strongest hurricanes to ever hit the Caribbean, caused catastrophic flooding and landslides in Jamaica with 30 inches of rain (76 cm). The damage was estimated at $10 billion. In a statement released on Monday, the agencies stated that they will receive support from the Development Bank of Latin America & the Caribbean CAF (the Development Bank), the IMF, World Bank, Caribbean Development Bank CDB and Inter-American Development Bank. They said that up to $3.6 billion could be available as...

Jamaica has spent many years building up a fund to deal with climate-driven disasters. The money was only enough to cover 5% of a storm's cost. Matthew Samuda, Jamaican cabinet Minister, said that Hurricane Melissa left the island with bills of $10 billion. Of this amount only $500 million could be covered by climate-preparation reserve funds. Jamaica has asked wealthy nations to offer urgent grants, investments and concessional financing at the COP30 Climate Summit in Belem. It does not want commercial rate loans, which would burden the country with additional debt, as it faces an uncertain future that is expected...

The COP30 Climate talks begin in Brazil this Week Small island states are pushing for a new push to 1.5C. The discussion will also include how to pay climate damages Clar NiChonghaile UnaMay Gordon is a former director for climate change at the Jamaican Government and advisor to the Caribbean Community Climate Change Center that coordinates climate action. We lost our cultural heritage. 300-year old churches are gone. It also took a part of our own identity with it. Gordon told reporters that "people are hurting". According to Jamaica's Prime Minister, the strongest storm ever to hit the island left...

The data on global warming shows a sobering picture as leaders gather in Brazil for the U.N. Climate Summit this month. Three decades have passed since the first annual climate conference. Scientists warn that global temperatures will soon exceed thresholds that could cause catastrophic damage to our planet. Despite years and years of summits and negotiations, greenhouse gas emission has risen by a third. The conventions have had some positive effects, but they are not enough to guarantee the future of life on Earth, said Juan Carlos Monterrey. He is Panama's Special Representative for Climate Change, and he is leading...

Hurricane Melissa, which swept through the Caribbean on Thursday and was seen gaining speed as it moved across open water towards Bermuda, left a path of destruction and high winds from Jamaica to Cuba. As the storm passed, people in the Bahamas and Turks and Caicos were slammed with rain and dangerous winds. Bermudans, located around 600 miles (970km) northeast of the last position of the storm, prepared for the expected evening arrival. Authorities in the region are struggling to keep up with the devastation. They have confirmed 25 deaths, 10 of which were children, in Haiti and four in...

Brazil wants to assist developing countries in securing more funding to adapt to climate change. The COP30 summit president stated that. A U.N. study estimated the world would need to spend $310 Billion a year to prepare for rising sea levels, warmer days, and other conditions associated with a warming atmosphere by 2035. According to the U.N.'s Adaptation Gap Report, this is about 12 times what is currently spent annually on climate adaptation efforts. COP summits have so far not resulted in major increases in funding for climate adaptation. These funds are still behind investments in renewable energies and other...

Hurricane Melissa started pounding Jamaica on Monday with fierce gusts as the U.S. National Hurricane Center upgraded it to a category 5 storm, packing sustained winds exceeding 165 mph. This is the strongest hurricane to ever hit the Caribbean island. The storm is expected to pass through Cuba, Turks and Caicos, and the eastern Bahamas. The hurricane will stay offshore and bring only minor coastal flooding and rough surf to the U.S. East Coast. According to the NHC, Melissa was still about 330 km (530 miles) southwest from Guantanamo in Cuba at noon on Monday (1600 GMT). The center reported...