Venezuela Essentially Envisages CELAC Playing a Key Role in the Multipolar World Order

Venezuela Essentially Envisages CELAC Playing a Key Role in the Multipolar World Order

Expectations should be tempered with respect to what CELAC will achieve in the coming future, but nobody should think that it won’t achieve anything at all either. Venezuelan President Maduro proposed during his yearly speech to parliament last week “to unite efforts and paths in Latin America and the Caribbean to advance in the formation…

Latin America, the Caribbean and the War in Ukraine

Latin America, the Caribbean and the War in Ukraine

As Russian President Vladimir Putin’s “special military operation” in Ukraine moves through its second month, its unconcealable economic impact continues to grow at the global level. Price rises in energy, food and fertilizer have driven up inflation to levels that haven’t been seen in decades, leading to higher interest rates that will stall economic growth….

Washington Not Happy About New China Focus on Central America

Washington Not Happy About New China Focus on Central America

As it becomes clear that the Trump Administration support, so far unsuccessful, for regime change in Venezuela is also very much about targeting the huge financial presence of China with the Maduro regime, recent news of a major Chinese oil success in Cuban waters will clearly deepen the geopolitical tensions. And it involves not only…

Passports for Sale: How Storm-Hit Caribbean Islands Court Arab Investors

Passports for Sale: How Storm-Hit Caribbean Islands Court Arab Investors

Caribbean states devastated by recent hurricanes are selling citizenship to Middle Eastern investors to raise funds to help their recovery. But some officials warn that the islands’ rival schemes have fuelled a “race to the bottom” in which prized passports are being handed out cheaply. Islands badly hit by last month’s storms included Dominica, where…

Like a ‘Horror Movie’: Hurricane Irma Brings Total Devastation to Caribbean

Like a ‘Horror Movie’: Hurricane Irma Brings Total Devastation to Caribbean

While at least one billionaire was able to safely ride out the storm in his luxury wine cellar, most residents of the Caribbean islands that took a direct hit from Hurricane Irma Wednesday described scenes out of a “horror movie” as the megastorm—the most powerful ever recorded in the Atlantic—came ashore, rendering the island of…