分类: politics

  • Venezuela says US $300-million oil sale used to prop up currency

    Venezuela says US $300-million oil sale used to prop up currency

    CARACAS, Venezuela—In a significant financial development, Venezuela’s interim leader Delcy Rodriguez confirmed on Tuesday the receipt of $300 million from a United States-managed sale of Venezuelan crude oil. The funds, originating from a larger $500 million transaction authorized by Washington, have been earmarked for a critical intervention in the nation’s foreign exchange market to bolster the severely weakened bolivar.

    Rodriguez announced the capital injection is specifically designated to ‘stabilize the exchange market and safeguard the income and purchasing power of Venezuelan workers.’ This move directly addresses the profound currency crisis that has gripped the nation since 2018, when hyperinflation rendered the bolivar virtually obsolete and the U.S. dollar emerged as the de facto currency for transactions.

    The release of funds follows what the U.S. government termed a ‘historic energy deal’ brokered by President Donald Trump over the weekend. President Trump stated that the oil would be sold at market price and explicitly noted that the proceeds would be ‘controlled by me, as President of the United States of America,’ underscoring Washington’s ongoing oversight of Venezuelan assets.

    Economic analysts from the firm Ecoanalitica suggest the government’s objective is to methodically narrow the substantial disparity between the official exchange rate and the prevalent black market rate for the U.S. dollar. A severe scarcity of greenbacks, a direct consequence of a six-year American embargo on Venezuelan oil, has caused the dollar’s value to skyrocket within the country.

    This development marks a shift in the complex economic standoff. Prior to the U.S. capture of former leader Nicolas Maduro in a January raid on Caracas, Venezuela was compelled to offer its crude at significant discounts, primarily to China, to circumvent the stringent embargo. Washington intensified its enforcement of these sanctions in December by seizing tankers carrying the sanctioned oil, further constricting Caracas’s revenue streams.

  • Time to stop ‘flattering’ Trump — ex-NATO chief on Greenland crisis

    Time to stop ‘flattering’ Trump — ex-NATO chief on Greenland crisis

    BRUSSELS, Belgium — The North Atlantic Treaty Organization is confronting its most severe existential challenge in history due to President Donald Trump’s territorial aspirations toward Greenland, according to former NATO Secretary General Anders Fogh Rasmussen. In an exclusive interview with AFP at the World Economic Forum in Davos, the former alliance leader declared that diplomatic appeasement of the American president must immediately cease.

    Rasmussen, who served as NATO’s chief from 2009 to 2014 following his tenure as Danish Prime Minister, characterized the situation as not merely an institutional crisis but a fundamental threat to the entire transatlantic partnership and the post-World War II international order. “The future of NATO and the global governance framework hang in the balance,” Rasmussen asserted during the Tuesday briefing.

    The seasoned statesman urged current NATO leadership, including Secretary General Mark Rutte, and European counterparts to adopt a more assertive stance toward the White House following Trump’s tariff threats and unconventional territorial proposals. “Strategic recalibration is imperative—Trump exclusively respects demonstrated strength and consolidated unity,” Rasmussen emphasized. “European nations must collectively exhibit these qualities. The era of diplomatic flattery has conclusively ended.”

    Rasmussen’s stark assessment emerged as European diplomats, including Rutte, prepared for high-stakes negotiations with Trump during the Davos summit, aiming to de-escalate tensions surrounding the Arctic territory. While acknowledging that the current crisis remains potentially resolvable, Rasmussen warned that Trump’s actions have already precipitated a psychological schism between Washington and its traditional European allies—a development that strategically advantages Russia and China.

    “This geopolitical confrontation fundamentally differs from all previous disputes within NATO’s history,” Rasmussen observed. He issued a grave warning that any U.S. military action against Greenland would effectively terminate the alliance’s existence.

    The former Danish leader criticized Trump’s Greenland fascination as a “tactical diversion weapon” distracting from Russia’s ongoing aggression in Ukraine. “While media focus remains fixed on Greenland—which presents no genuine threat to North Atlantic security—Moscow’s continued attacks against Ukraine constitute the actual danger requiring sustained international attention,” he noted.

    Rasmussen proposed potential diplomatic compromises, including modernizing the 1951 U.S.-Denmark defense agreement governing military deployments, facilitating American commercial access to Greenland’s mineral resources, and establishing joint exclusion of Russian and Chinese interests from the territory. However, he unequivocally rejected any territorial concession: “Greenland remains categorically unavailable for purchase. As an experienced real estate professional, the president should recognize that unavailable properties cannot be acquired.”

  • Russian minister visits Cuba as Trump ramps up pressure on Havana

    Russian minister visits Cuba as Trump ramps up pressure on Havana

    HAVANA, Cuba—In a significant demonstration of geopolitical solidarity, Russia’s Interior Minister Vladimir Kolokoltsev commenced an official visit to Cuba on Tuesday. This high-profile engagement occurs against the backdrop of heightened tensions following recent warnings from the Trump administration regarding Cuba’s communist leadership.

    The visit underscores the deepening alliance between Moscow and Havana, both nations currently operating under Western sanctions. Since Russia’s 2022 invasion of Ukraine, the two countries have substantially intensified their bilateral relations, with an isolated Moscow actively seeking new international partnerships and Cuba desperately requiring economic support during its most severe economic crisis in decades.

    Minister Kolokoltsev utilized his platform to deliver strong condemnation of recent US military actions in Venezuela, characterizing the January 3 bombing raid that resulted in dozens of casualties as “an act of unprovoked armed aggression.” He emphasized that such developments “prove the need to increase vigilance and consolidate all efforts to counter external factors.”

    The Russian embassy in Havana confirmed the minister’s agenda includes multiple bilateral meetings focused on enhancing cooperation between the two nations. Russian Ambassador Victor Koronelli specifically noted the visit aims to “strengthen bilateral cooperation and the fight against crime.”

    Concurrently, US diplomatic personnel in Cuba engaged in their own strategic discussions. Mike Hammer, the US chief of mission in Cuba, met with the head of US Southern Command in Miami to address the evolving situation in Cuba and the broader Caribbean region. The Southern Command oversees American military operations throughout Central and South America, including recent seizures of Venezuelan oil tankers and strikes against alleged drug-trafficking vessels.

    The geopolitical significance of Kolokoltsev’s visit was further emphasized through his participation in a memorial service honoring 32 Cuban soldiers killed during the US operations in Venezuela. These soldiers, some reportedly assigned to President Maduro’s security detail, perished in the attacks that ultimately led to the Venezuelan leader’s capture and extradition to face trial in New York.

    This developing partnership revives Cold War-era alliances between Moscow and Havana, relationships that had dramatically declined following the 1991 dissolution of the Soviet bloc. The current realignment occurs as the Trump administration increases pressure on Cuba to sever ties with US adversaries including Russia, China, and Iran, while simultaneously demanding greater access to Venezuela’s substantial oil reserves.

  • US Supreme Court to hear Trump bid to fire Fed governor

    US Supreme Court to hear Trump bid to fire Fed governor

    WASHINGTON, United States – The US Supreme Court is poised to deliberate a consequential case this Wednesday regarding former President Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook from her position. This legal battle represents a critical test for the operational autonomy of the nation’s central bank against executive branch influence.

    In August, Trump initiated proceedings to dismiss Cook, a prominent member of the Fed’s interest rate-setting committee, based on allegations of mortgage fraud—claims which she has consistently denied. The conservative-majority court previously issued an injunction preventing Cook’s immediate removal, permitting her to continue in her role pending judicial review.

    The significance of this case is underscored by Fed Chair Jerome Powell’s planned attendance at the hearing, demonstrating institutional support for Cook. This development occurs alongside heightened pressure from the Trump administration targeting the central bank, including the initiation of a criminal investigation into Powell himself concerning renovations at the Fed’s headquarters. Powell has characterized this probe as a politically driven effort to sway monetary policy decisions.

    Cook’s potential removal—and the investigation into Powell—signals an unprecedented escalation in Trump’s campaign to exert influence over the Federal Reserve. The former president has frequently criticized the institution for resisting his calls for more aggressive interest rate cuts. A successful dismissal of Cook could allow Trump to appoint a successor more aligned with his economic agenda, potentially altering the balance of power within the board.

    Legal experts note that the case’s outcome may redefine the boundaries of presidential authority regarding independent federal agencies. Federal statute specifies that Fed officials may only be removed for “cause,” typically interpreted as misconduct or neglect of duty—a standard Cook maintains has not been met.

    The Court’s decision carries profound implications for central bank independence globally, with former Fed chairs warning that political interference could yield severe economic consequences, including inflationary pressures and market instability. This case follows a pattern of Supreme Court rulings favoring expansive presidential powers during Trump’s tenure, though the Court previously acknowledged the Fed’s unique protected status in a prior decision.

    Cook, the first Black woman to serve on the Fed’s board of governors, has stated that the allegations reference activities predating her appointment and that no formal charges have been filed. The criminal referral originated from a Trump-appointed official at the Federal Housing Finance Agency, citing discrepancies in mortgage documentation.

  • OWTU: A step in the right direction for workers

    OWTU: A step in the right direction for workers

    The Oilfields Workers’ Trade Union (OWTU) has expressed strong endorsement for the Trinidad and Tobago government’s proposed amendments to the Retrenchment and Severance Benefits Act (RSBA), marking a significant advancement in worker protections. Minister of Labour, Small and Micro Enterprise Development Leroy Baptiste announced these comprehensive reforms during a January 11 press conference, emphasizing their purpose to “widen the safety net for retrenched workers.

    The proposed legislative overhaul addresses multiple critical areas of worker protection. Key revisions include expanding eligibility criteria for severance benefits and substantially increasing compensation structures. Under the current system, employees with less than three years of service receive two weeks’ pay per year, while those exceeding five years qualify for three weeks. The new framework proposes three weeks’ pay annually for one to five years of service, and a full month’s pay per year for employees with over five years of service.

    A fundamental change involves redefining “redundancy” to include insolvency, receivership, and operational discontinuation—addressing longstanding loopholes that allowed unscrupulous employers to avoid obligations. Minister Baptiste explained that current definitions limited to “surplus labour” have enabled companies to evade responsibilities through strategic closures, leaving workers without recourse.

    The OWTU, which had been advocating for these changes for three years prior to the announcement, highlighted several critical improvements. These include establishing a Severance Benefits Fund aligned with International Labour Organisation Convention No. 173, prioritizing worker compensation above other claimants during company insolvencies, and mandating formal consultation processes between employers and recognized unions.

    Additional protections address temporary layoffs by defining judicial criteria, establishing clear procedures, and granting severance entitlements after 90 days unless mutually agreed otherwise. The amendments also introduce priority rehiring provisions for laid-off workers, consistent with ILO Recommendation No. 166, providing job security measures.

    The union characterized these reforms as “decisive steps in the right direction” that modernize outdated compensation formulas and align with regional benchmarks. The OWTU reaffirmed its commitment to constructive engagement ensuring full implementation of these worker-focused reforms across Trinidad and Tobago.

  • Financial unit, Inland Revenue agree to share info

    Financial unit, Inland Revenue agree to share info

    In a significant move to combat financial crimes, Trinidad and Tobago’s Financial Intelligence Unit (FIUTT) and the Inland Revenue Division (IRD) have formalized a renewed cooperation agreement through a memorandum of understanding signed this week. The agreement establishes an enhanced framework for intelligence sharing and collaborative action against financial offenses.

    The newly signed MoU replaces a previous arrangement dating back to 2010, signaling an upgraded approach to financial security. Under this partnership, both agencies will operate within their respective legislative mandates to voluntarily exchange critical financial intelligence or provide information upon formal request.

    Finance Minister Davendranath Tancoo characterized the agreement as “a critical pillar in the government’s approach in protecting the integrity of our financial system.” He emphasized that the collaboration creates “a formidable front against money laundering, terrorism financing and proliferation financing” by bridging the gap between financial intelligence gathering and tax administration.

    The FIUTT operates under specific legislation that empowers the unit to collect, analyze, and disseminate financial intelligence to law enforcement authorities, including the IRD. Meanwhile, the IRD maintains responsibility for investigating and prosecuting tax offenses and money laundering cases through civil, criminal, or administrative channels.

    This coordinated effort represents Trinidad and Tobago’s latest measure to strengthen its financial regulatory framework and combat increasingly sophisticated financial crimes that threaten economic stability.

  • Three parties join under PCP banner to contest Feb 11 election

    Three parties join under PCP banner to contest Feb 11 election

    In a significant realignment of Barbados’ political landscape, three major political entities have formally united to create the People’s Coalition for Progress (PCP), presenting a consolidated front for the upcoming February 11 general election. The groundbreaking alliance was officially unveiled during a live press conference, marking a pivotal moment in the nation’s electoral history.

    The coalition comprises the United Progressive Party (UPP), the New National Party (NNP), and the Conservative Barbados Leadership Party, representing a substantial consolidation of political influence and voter bases. This strategic merger fundamentally alters the pre-election dynamics and potentially disrupts the traditional two-party dominance that has characterized Barbadian politics for decades.

    While specific details regarding the coalition’s internal leadership hierarchy and electoral strategy remain under development, representatives confirmed these operational particulars would be comprehensively addressed during the ongoing media briefing. Political analysts suggest this unprecedented alliance reflects growing demands for collaborative governance and could significantly influence voter distribution across constituencies. The formation signals a potential shift toward coalition politics in the Caribbean nation, with implications that may extend well beyond the imminent election cycle.

  • Antigua and Barbuda senators attend regional talks on women’s leadership

    Antigua and Barbuda senators attend regional talks on women’s leadership

    Two distinguished senators from Antigua and Barbuda are poised to contribute to significant regional dialogues addressing women’s leadership challenges in the Caribbean. Senator Kiz Johnson of the Labour Party and Independent Senator Jamilla Kirwan will undertake an official visit to Trinidad and Tobago from January 21-23 to participate in high-level ParlAmericas assemblies.

    The parliamentary engagement will feature a specialized convening of women parliamentarians dedicated to developing strategies against technology-facilitated gender-based violence targeting female public figures. This critical session is collaboratively organized with the United Nations Population Fund (UNFPA) and the UN Economic Commission for Latin America and the Caribbean (ECLAC).

    Delegates will identify concrete collaborative frameworks that leverage the legislative influence of women in governance to counteract digital violence. The agenda further incorporates an in-person edition of the Young Women in Leadership Regional Workshop, implemented through partnerships with UN Women Caribbean and the Caribbean Institute for Women in Leadership.

    ParlAmericas, the facilitating organization, maintains a mandate to strengthen diplomatic engagement and parliamentary cooperation throughout the Inter-American system. This gathering represents a concerted effort to transform legislative power into protective measures for women navigating public life amidst evolving digital threats.

  • Manickchand orders Mayor, councillors to report City cleansing plan today; Mentore fires back on PPPC govt

    Manickchand orders Mayor, councillors to report City cleansing plan today; Mentore fires back on PPPC govt

    Georgetown, Guyana’s capital, faces a severe sanitation emergency with overflowing garbage bins clogging drains and creating public health hazards. The crisis has triggered a political confrontation between Local Government Minister Priya Manickchand and Georgetown Mayor Alfred Mentore.

    Minister Manickchand issued a strict 11 AM Monday deadline for Mayor Mentore and city councillors to present a comprehensive cleansing plan following an emergency meeting Sunday. Expressing outright disgust at the capital’s condition, Manickchand described the situation as ‘wholly unacceptable,’ emphasizing that sanitation services must become ‘reliable, predictable and effective.’ Her inspection revealed critical infrastructure failures—drains and trenches choked with everything from refrigerators to food containers, rendering many streets impassable and forcing pedestrians onto dangerous roadways.

    The visual evidence supports her concerns: recently donated blue garbage receptacles overflow into drains, while vendors have obstructed drainage systems with wooden pallets. Even areas surrounding official government residences show neglected waste management.

    Mayor Mentore responded with counter-accusations, suggesting the crisis might be politically engineered. He implied garbage collection companies aligned with the ruling People’s Progressive Party Civic (PPPC) government could be deliberately underperforming to embarrass his administration. The Mayor’s council is majority-backed by the opposition People’s National Congress Reform (PNCR)/A Partnership for National Unity (APNU).

    Mentore detailed systemic obstacles, claiming central government interference prevents effective tax collection, litter law enforcement, and fine levying—crucial revenue streams for city maintenance. He called for President Irfaan Ali’s direct intervention to resolve what he characterizes as politically motivated administrative barriers.

    Despite the conflict, both officials expressed commitment to restoring Georgetown’s former reputation as the ‘Garden City,’ though they fundamentally disagree on responsibility and solutions.

  • EU bereidt tegenmaatregelen voor tegen VS na Trump-heffingen over Groenland

    EU bereidt tegenmaatregelen voor tegen VS na Trump-heffingen over Groenland

    The European Union is mobilizing a comprehensive package of countermeasures in response to President Donald Trump’s announced import tariffs targeting several European nations. The dispute centers on European resistance to American attempts to bring Greenland—a Danish autonomous territory—under increased U.S. economic and geopolitical influence.

    Last week, Trump revealed plans to impose additional 10% import duties effective February 1st on goods originating from Denmark, Norway, Sweden, France, Germany, Netherlands, Finland, and the United Kingdom. The administration warned these tariffs could escalate to 25% if no agreement is reached regarding Greenland’s status.

    European leaders have issued strong condemnations of Trump’s threats, characterizing the measures as unacceptable and counterproductive in a joint statement. They emphasized that such actions strain transatlantic relations and jeopardize the crucial trade partnership between the EU and United States.

    In retaliation, EU member states are considering activating previously drafted counter-tariffs targeting American products worth approximately €93 billion. These measures, initially suspended during trade negotiations with Washington, now serve as potential political leverage. Additionally, European diplomats are evaluating deployment of the Anti-Coercion Instrument—a legal framework enabling economic responses to excessive pressure from third countries, including restrictions on U.S. corporations and market access limitations.

    Brussels has expressed concern that escalating trade measures could damage both transatlantic cooperation and the multilateral trading system. However, the EU remains prepared to defend its economic interests should the U.S. proceed with its tariff implementation.

    The Greenland controversy has triggered unprecedented diplomatic tensions between Europe and the United States. European officials consistently emphasize that Greenland’s future must be determined by its inhabitants, asserting that unilateral pressure through tariffs or other means violates contemporary international norms.