Caribbean

BP Launches Production at New Trinidad Gas Field to Boost Output

11 hours ago

In an ambitious move to enhance its natural gas production, BP has officially commenced operations at its new gas field in Trinidad. This strategic step comes as part of the oil and gas giant's ongoing efforts to expand its output capabilities in the region, amidst growing global energy demands and fluctuating market conditions.

Caribbean Nations Express Concerns Over Fines Impacting China-Made Vessels

12 days ago

The Caribbean region is currently facing significant apprehension regarding the potential repercussions of hefty fines imposed on vessels manufactured in China. Local governments are particularly worried about how these penalties might affect their shipping industries and overall maritime trade.

Optimism Sparks Surge in Capital Expenditure Among Major Companies

2 months ago

In a notable shift within the corporate landscape, several major companies have reported a robust increase in capital expenditure (capex) following a wave of optimism driven largely by technological advancements. This trend, observed particularly in prominent industry players such as TSMC, Royal Caribbean, and PLD, reflects a broader commitment to investing in the future and expanding operational capabilities.

Severe Caribbean Storm on Course to Impact Cuba as Hurricane

5 months ago

A potent storm brewing in the Caribbean is on a probable collision course with Cuba, raising alarm for residents and officials alike as it threatens to intensify into a hurricane. Weather experts have been closely monitoring the system, which shows potential for significant development in the coming days.

A New Financial Strategy: Jamaica's Innovative Use of Catastrophe Bonds to Tackle Hurricane Threats

6 months ago

In an era where climate change continues to exacerbate natural disasters, Caribbean nations are at the forefront of seeking innovative financial tools to fortify their economies against the impending threats of hurricanes. Jamaica, in particular, has taken a significant stride in this arena by launching a new disaster insurance scheme using catastrophe bonds (cat bonds). This strategic financial maneuver aims to yield rapid funding that can significantly aid recovery efforts in the wake of a hurricane.