GENEVA, Switzerland — The World Trade Organization (WTO) announced on Tuesday that global merchandise trade growth in 2025 has been significantly bolstered by increased demand for AI-related goods and a surge in exports to the United States ahead of President Donald Trump’s tariff hikes. However, the organization cautioned that the outlook for 2026 appears grim as the full impact of these tariffs begins to take effect.
分类: business
-

National stakeholder engagement and mapping workshop
Grenada’s Hydrocarbons Technical Working Group (TWG) is set to organize a pivotal two-day Stakeholder Engagement and Mapping Workshop on October 8–9, 2025. This event aims to foster robust dialogue, collaboration, and active participation among diverse stakeholders to chart the course for Grenada’s energy future. The workshop will gather representatives from government ministries, agencies, industry professionals, and TWG’s technical experts, alongside other key players in the sector. Participants will engage in open discussions, exchange perspectives, and explore the opportunities and challenges associated with Grenada’s burgeoning hydrocarbon industry. The event will commence with a keynote address by Anthony Paul, a globally recognized oil and gas expert with over four decades of experience in operations, management, and leadership roles across the global oil and natural gas value chain. Paul’s expertise is expected to provide valuable insights to frame national discussions and guide informed decision-making. The workshop’s objectives include promoting transparency and inclusive dialogue, strengthening national capacity, guiding evidence-based policy and planning, and fostering collaboration among stakeholders for responsible and sustainable resource development. The Government of Grenada remains steadfast in its commitment to advancing responsible energy development that aligns with the best interests of the nation and its citizens.
-

US Grand Jury indicts Azruddin Mohamed, Nazar “Shell” Mohamed for wire fraud, money laundering on gold exports, L:amborghini
A United States Grand Jury has formally charged Guyanese businessmen Azruddin Mohamed and his father, Nazar “Shell” Mohamed, with wire fraud, mail fraud, and conspiracy to commit money laundering. The charges stem from their alleged involvement in tax evasion related to gold exports and the importation of a Lamborghini luxury vehicle. The indictment, unsealed on October 6, 2025, reveals that the Mohameds face severe penalties, including up to 20 years imprisonment per count, supervised release, and substantial fines. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has already sanctioned the duo, complicating their legal and financial standing. The indictment further alleges that the Mohameds engaged in a sophisticated scheme to defraud the Guyanese government by reusing official seals and falsifying documentation to avoid paying taxes and royalties on gold shipments. Additionally, they are accused of bribing Guyanese customs officials to facilitate these illegal activities. The case also highlights the importation of a Lamborghini, valued at approximately $680,000, for which the Mohameds allegedly falsified invoices to evade over $1 million in taxes. The U.S. is seeking forfeiture of assets linked to the alleged crimes, including $5.3 million in gold bars seized at Miami International Airport in 2024. The Mohameds, who recently gained political prominence in Guyana, now face a legal battle that could derail their careers and businesses.
-

Central Bank launches public consultation on basic accounts to improve financial inclusion
NASSAU, BAHAMAS — The Central Bank of The Bahamas (CBOB) has initiated a public consultation on a groundbreaking proposal to introduce low- to no-cost basic banking accounts, targeting unbanked and underbanked individuals. This initiative, part of the Bank’s broader Payments System Modernization strategy, aims to make these accounts widely accessible by the first half of 2026. The modernization efforts have already introduced key infrastructure, including the Real Time Gross Settlement System (RTGS), the local Automated Clearing House (ACH), and the SandDollar retail central bank digital currency.
-

Unified Council of EDEs clarifies replacement of power barge in Azua
The Unified Council of Electricity Distribution Companies (CUED) has unveiled a strategic move to address the Dominican Republic’s electricity challenges. A new 230 MW power generation barge, operated by Turkish firm Karpowership, has docked at the Port of Los Negros in Azua. This initiative comes in response to dwindling generation reserves caused by delays in the activation of new private power plants. Originally, a 65 MW barge was contracted, but CUED opted for a higher-capacity unit to bolster the national grid. The two-year agreement, set to expire in 2026, ensures backup power during maintenance or unexpected disruptions in the National Interconnected Electric System (SENI). CUED emphasized that the new barge is not an additional unit but a temporary replacement within the existing contract framework. This measure aims to avert power shortages and maintain uninterrupted electricity supply, safeguarding both consumers and the national economy.





