NASSAU (Reuters) — Financial institutions in the Bahamas have around $3 billion in assets whose owners are linked to Russia, the Caribbean nation’s central bank said late on Friday. The Bahamas on March 12 ordered a halt all transactions with Russian entities that have been put under sanction by Western nations. The central bank found […]
Tag: the Bahamas
Russia-Owned SCF Oil Tankers Headed Through Caribbean To Avoid Being Seized
NASSAU — Two oil tankers owned and managed by Sovcomflot, the Russian maritime and freight shipping company blacklisted by the United States last week, are rerouting from their Canadian destinations, while a third is returning to Russia after discharging, according to tracking data and marine sources. The two tankers are the first Russian-owned oil vessels […]
Cruise Ship Changes Course After U.S. Judge Orders Its Seizure
MIAMI — A cruise ship that was supposed to dock in Florida has instead sailed to the Bahamas, after a U.S. judge granted an order to seize the vessel as part of a lawsuit over $4 million in unpaid fuel. Cruise trackers show Crystal Symphony currently docked in the Bahamian island of Bimini. “We all […]
Bahamas, Sint Maarten and BVI Are Countries CDC Says To Avoid For COVID-19
ROAD TOWN, Tortola — More than 100 countries are on U.S. federal health officials’ list of destinations to avoid because of a high risk of COVID-19, including Australia, Israel, the Bahamas and the British Virgin Islands. With 42 deaths and a population of just 30,237, the BVI rose in rank from 68th in fatalities in the world — to 66th. The […]
A New U.S. Initiative Is Needed For The Caribbean: Expert OP-ED Columnist
When the economies of the Caribbean and Central America finally exit the pandemic, most will be in crisis. As a recent [International Monetary Fund] IMF review of The Bahamas put it, recovery to pre-pandemic levels “will likely take years” and the “downside risks loom large.” The same prognosis is expected to apply to virtually every […]
St. Thomas and Grand Bahama Island Are 2 Places To Avoid In Caribbean, Report Says
CHARLOTTE AMALIE — “Our newly updated Caribbean island report at InternationalLiving.com has seen a spike in web traffic of 225 percent over the last month. And that traffic is up 184 percent over the same period last year,” says Jennifer Stevens, Executive Editor, International Living. “Interest in the Caribbean has increased, which is not surprising considering the cold weather that’s plagued much of the […]
China Spying On United States Citizens Through Security-Lax Caribbean Mobile Phone Networks
BRIDGETOWN — China appears to have used mobile phone networks in the Caribbean to surveil United States mobile phone subscribers as part of its espionage campaign against Americans, according to a mobile network security expert who has analyzed sensitive signals data. The findings paint an alarming picture of how China has allegedly exploited decades-old vulnerabilities in the global telecommunications […]
Tropical Disturbance Appears Northeast Of The Caribbean: NHC
MIAMI — With a just a little more than a week left in hurricane season, the National Hurricane Center is once again monitoring an area of low pressure that has resurfaced in the Atlantic basin. The disturbance, located to the northeast of the Caribbean today, has a 20 percent chance of developing in the next […]
American Eagle Flight Overruns The Runway At Freeport, Grand Bahama
NASSAU — An American Eagle flight overran the runway at the Freeport Airport in the Grand Bahama region of The Bahamas on Saturday. The flight operated by American Airline’s wholly-owned Envoy subsidiary, veered off the runway after landing at runway 6 in Freeport. There were no reports of passengers injured on the aircraft. AA flight […]
Canadian Fashion Designer Peter Nygard Sentenced To Prison In The Bahamas
NASSAU — The Bahamas Supreme Court sentenced Canadian fashion designer Peter Nygard to 90 days in prison and fined him $150,000 for contempt of court in a long-running legal dispute centered around an environmental group’s stolen emails. The pilfered emails belonged to Save the Bays (STB), a non-profit environmental group that has fought Nygard over […]