L’euro au plus bas en 20 ans face au dollar, plombé par le gaz européen

Black Immigrant Daily News

The content originally appeared on: Guadeloupe FranceAntilles

L’euro s’enfonçait lundi sous le seuil de la parité avec le dollar, à un niveau plus vu depuis l’année de sa mise en circulation, plombé par la crise énergétique qui menace de plonger l’Europe dans la récession.

Le billet vert profitant pour sa part des tours de vis successifs de la Réserve fédérale américaine (Fed), l’euro perdait 0,96% vers 15H30 GMT (17H30 à Paris) à 0,9941 dollar, un plus bas depuis 2002.

La vigueur du dollar rend les importations plus coûteuses, notamment pour les matières premières comme le pétrole dont le cours est fixé en dollars, accentuant une inflation déjà dévastatrice pour les consommateurs et les entreprises.

“L’Europe se prépare à une nouvelle fermeture du gazoduc Nord Stream 1 plus tard dans le mois”, rappelle à l’AFP Craig Erlam, analyste chez Oanda.

Le géant gazier Gazprom a averti que les livraisons de gaz seraient interrompues pour “maintenance” du 31 août au 2 septembre, au risque de raviver la peur d’une pénurie en Europe, où la Russie est accusée de chantage énergétique.

Résultat, le cours du gaz européen (contrat à terme du TTF néerlandais) est reparti en flèche et a atteint lundi 295 euros le mégawattheure (MWh), s’approchant des records historiques atteints dans les premiers jours de l’invasion de l’Ukraine par la Russie.

“L’épée de Damoclès suspendue au dessus de l’Europe est partie pour rester là”, prévient Kit Juckes, analyste chez Société Générale.

Et la semaine pourrait être douloureuse pour l’euro. Pour l’instant, en 2022, la devise s’était ressaisie après avoir flirté avec le seuil de la parité, mais “de mauvais indicateurs PMI mardi pourraient suffire à ancrer l’euro sous un dollar”, prévient-il.

Car de l’autre côté de l’Atlantique, malgré un léger affaiblissement de l’inflation américaine en juillet, la Réserve fédérale américaine (Fed) assure qu’elle va continuer de resserrer sa politique monétaire.

– Livre affaiblie –

“Une nouvelle occasion de la Fed pour convaincre le marché sera le symposium de Jackson Hole” en fin de semaine, commente Ulrich Leuchtmann, analyste chez Commerzbank.

Lors de cette réunion des banquiers centraux, le patron de la Fed s’exprimera vendredi.

Alors que l’économie américaine est moins affectée que l’Europe par la guerre en Ukraine, la Fed a plus de marge de manœuvre pour agir que les banques centrales du Vieux Continent.

Ainsi, la livre britannique a aussi renoué avec son plus bas de 2022.

“C’est une sale année pour la livre, qui se replie même face à l’euro alors que la Banque d’Angleterre a remonté ses taux à chaque réunion” depuis fin 2021, rappellent les analystes de OFX.

Malgré ces hausses, l’inflation britannique dépasse 10% sur un an et est la plus élevée du G7, en raison de la guerre en Ukraine, des séquelles de la pandémie, mais également du Brexit qui resserre le marché du travail et perturbe encore plus les chaînes d’approvisionnement au Royaume-Uni.

A 1,1764 dollar pour une livre, la devise britannique est à son plus bas depuis début 2020 et les premiers mois de la pandémie. Avant cela, la livre britannique n’était pas repassée sous le seuil de 1,18 dollar depuis 1985.

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Jury reform is back on table after COI

Black Immigrant Daily News

The content originally appeared on: The BVI Beacon

Hoping to address long-standing issues with the territory’s jury pool that resulted in legal action in 2019, Premier Dr. Natalio “Sowande” Wheatley recently introduced a bill in the House of Assembly to replace the 1914 Jury Act. The Virgin Islands Jury Act, 2022, aims to expand the jury pool and make other reforms included in the government’s framework for carrying out recommendations from the Commission of Inquiry.

Governor John Rankin said in a press conference on Aug. 10 that the Cabinet-approved bill — which was introduced on Aug. 9 and Gazetted on Aug. 12 — would help “with the size of the jury pool to ensure that the jury system is effective.”

To that end, the bill would create a “Jury Management Database” that would be published annually in order to facilitate the inclusion of non-belongers who have lived here at least 10 years.

The exclusion of non-belonger jurors in the past contributed to problems with identifying enough jurors without a conflict of interest, officials have said.

Past reform efforts

In recent decades, jury reform has been attempted repeatedly without success.

Under the Jury Act 1914, the High Court Registry is required to select eligible jurors from a list that includes non-belongers who have lived in the VI for at least ten years.

In practice, though, jurors historically have been selected from the list of eligible voters, which excludes long-term non-belongers.

In 2007, the Law Reform Commission made recommendations for reform, and legislators introduced a new Jury Act in 2009 based on its advice.

The 2009 bill would have formally required jurors to be selected off the voter list in accordance with the existing practice. It also would have made several other changes, like adding limitations on how many jurors can be challenged by prosecutors; changing the minimum number of jury candidates to be summoned before a trial; enacting penalties for missing jury duty and other misconduct; and redefining who qualifies to serve on a jury.

However, the bill didn’t pass. And although successive governments have promised since then to amend or replace the 1914 law, their plans never came to fruition.

Jury list challenged

In July 2019, the issue came to a head: Jury trials were temporarily halted after then-Director of Public Prosecutions Kim Hollis successfully challenged the jury list in High Court.

In her challenge, she took issue with the use of the voter registry to select jurors, excluding long-term non-belongers.

A judge ruled in her favour, finding that the list formerly used for jury selection was unconstitutional. A new list of jurors was subsequently created, the Deputy Governor’s Office said in early 2020. But the office declined to make the list public or say whether it includes non-belongers.

Jury trials, however, resumed in January 2020.

About two months later, the Deputy Governor’s Office announced that it was seeking to move forward with updating the 1914 law. Reform priorities at the time included the composition of the jury list, provisions for jury service, the maximum age of jurors, electronic processing of the list, and more, Deputy Governor David Archer and High Court Registrar Erica Smith-Penn said.

Still, however, no law was passed.

Widening the pool

Last year, the COI reviewed the issue, and Commissioner Sir Gary Hickinbottom ultimately recommended considering a revised Jury Act. In support of that recommendation, Sir Gary cited input from Director of Public Prosecutions Tiffany Scatliffe-Esprit.

“The jurisdiction of the BVI is small, and finding jurors who do not know and are unrelated to witnesses and the accused is challenging,” the COI report states. “These eligibility requirements have the effect of significantly restricting the size of the jury pool. The DPP considers that the eligibility criteria should be revised, e.g. to allow those aged 18 and above and those who have been resident for five years (as opposed to 10 years) to be jurors.”

She also recommended that government agencies cross reference one another to make sure the list is complete, according to the COI report.

In keeping with Sir Gary’s recommendations, the COI implementation framework agreed by the United Kingdom and VI governments gave the HOA a July 31 deadline to consider “revisions to the Jury Act, in consultation with the governor, to increase the size of the jury pool of jurors to ensure the jury system is effective.”

The framework also gives the House a Nov. 30 deadline to consider granting the court wider powers to hear judge-only criminal trials.

This idea, too, accords with input from Ms. Scatliffe-Esprit, who recommended greater discretional power for the court to allow such criminal trials in cases of murder, gang violence and sexual offences, according to the COI report.

“She said that, in her experience, jurors were reluctant to serve when these sorts of offences come to trial,” the report states. “Under the current jury system there is no way to sequester a jury; and the DPP gave evidence of past (albeit unproven) allegations of jurors being approached.”

Related provisions were not included in the proposed new Jury Act.

The database

It does, however, include several other provisions.

As part of efforts to widen the jury pool to include long-term non-belongers, the bill would establish a database of qualified jurors to be maintained by the Supreme Court registrar.

It would contain the “prescribed particulars” of qualified people, each of whom would be assigned a unique identification number.

To qualify, a person would have to be between the ages of 18 and 70 and be a belonger, hold a certificate of residence, be listed on the Register of Voters maintained under the Elections Act Revised Edition 2013, or be an ordinary resident in the Virgin Islands for at least 10 years.

Potential jurors could be disqualified for being unable to communicate in English; if a physical or mental condition impairs their ability to fully meet their duties; after being convicted of an unpardoned offence for 12 months’ imprisonment or more; upon declaring bankruptcy; for “having bad character;” or for currently appearing before the court in criminal proceedings.

People who fail to send requested information to the registrar may face a maximum $3,000 fine and up to two years in prison.

Annual update

Under the bill, the registrar would be in charge of updating the juror list every October, which would then be published in the Gazette and elsewhere.

However, the registrar wouldn’t be working alone.

The governor would appoint six assessors to help with determining who is a suitable juror. They include the senior magistrate, the DGO’s permanent secretary or designate, an Attorney General’s Chambers representative, a Royal Virgin Islands Police Force representative of at least the rank of chief inspector, and two nominees from the deputy governor who have a broad knowledge of VI culture.

Once updated, the list of names would be coordinated with their assigned numbers, to be kept in a “separate drawer or ballot box that shall be safely kept to be used as and when required by law.”

No less than 60 numbers would then be randomly selected two weeks before the jury is needed, from whom the final nine selections would be made.

Next sitting

The bill was introduced on Aug. 9 for a first reading after it was added to the order paper in the sixth sitting of the fourth session of the House, which members plan to resume on Sept. 6.

After the current sitting concludes, the bill can come for second and third readings at a future meeting.

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Cops uncover poker box scheme raking in thousands for criminals daily Loop Jamaica

Black Immigrant Daily News

The content originally appeared on: Jamaica News Loop News

75 stolen boxes recovered in several parishes

Loop News

40 minutes ago

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Police say they have uncovered an illegal scheme taking place in and around several parishes including Clarendon, St Elizabeth, and Manchester where criminals are targeting and stealing poker game boxes and using money raised from the devices to fund their illegal operation.

Police said following several raids at various locations across the island a total of 75 poker boxes were seized.

Police said based on calculations, the 75 boxes seized could generate at least $450,000 daily to fund criminal activities.

Police, in their probe of the underground scheme, said the boxes that are valued at approximately $350,000 each, when stolen, are being resold for as low as $60,000 by criminals.

Police said at one location at Cemetery Road, Denbigh in Clarendon, 39 game boxes were seized.

This led to the arrest and charge of a 60-year-old businessman identified as Daverton Francis. Police said he was charged with unlawful possession of property.

Head of Criminal Investigations for the Clarendon Division, Deputy Superintendent Jermaine Anglin said to clamp down on the underground trade, law enforcement officers and members of the Betting Gaming and Lotteries Commission are working closely.

DSP Anglin and his team of detectives in Clarendon have since vowed to stand resolute to remove the profit out of crime and bring perpetrators of this illicit activity to justice.

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Index 2022 offers a glimpse into the future of the citizenship by investment industry: CS Global Partners

Black Immigrant Daily News

The content originally appeared on: Antigua News Room

The world’s most definitive guide on citizenship by investment, the CBI Index, was published today by PWM Magazine, a publication from the Financial Times in collaboration with CS Global Partners and offers readers a view of an industry in metamorphosis.

Released amid a year that has, again, been marked by heightened uncertainty, increased security risk, political instability and intensifying calls to act on the global warming threat, the CBI Index comes at a time when most individuals are reassessing the base they call home and are looking for more stable environments that not only offer security but business, health and education opportunities for generations to come.

Despite a tumultuous global environment and an investment industry harrowed by scrutiny from the EU and USA, this year’s CBI Index hints at opportunity amidst the chaos – opportunity for the CBI industry to evolve and perhaps be the answer to those who look to it to harness the world’s offerings.

Often thought of as a Plan B, the CBI Index infers that in a post-pandemic reset, there has been a shift in trust away from government as individuals obtain second, or multiple citizenships, and take control of their destinies. The new global citizen will look to invest in ‘Plan A’ and a more positive future for people and planet.

While the CBI Index is a rating system designed to measure the performance and appeal of global citizenship by investment (CBI) programmes across a diverse range of indicators, it is also a voice for the industry and a forward-looking manual that offers readers a glimpse of what the industry could be provided that industry players come together and shape its regulatory environment to benefit not only host countries, but citizens around the world who have realised that home need not be their place of birth, but where opportunities lie.

This Index is intended as a practical tool, both for those who wish to compare CBI programmes as a whole and for those who wish to compare specific aspects of each programme.

Its purpose is to provide a rigorous and systematic mechanism for appraising programmes, to facilitate the decision-making process for individuals considering them, and to bring value to the CBI industry.

The CBI Index assesses all countries with operational CBI programmes, which, in 2022, include Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Kitts and Nevis, St Lucia, Turkey and Vanuatu.

The CBI Index rates CBI programmes according to these nine pillars: Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.

Freedom of Movement measures the relative strength of each country’s citizenship based on three equally weighted factors: the number of destinations to which a country’s passport allows travel without restriction, the number of prime business hubs to which it provides access, and the degree to which a given citizenship provides settlement rights in other nations.

The Standard of Living pillar is a measure of the quality of life offered by the 13 CBI jurisdictions under assessment and this pillar is vital to those who yearn to relocate and secure a prosperous and fulfilling lifestyle. Similarly, it is key to those wanting to take advantage of local business opportunities or needing to transfer and safeguard their assets.

The Minimum Investment Outlay pillar measures one of the most practical and foremost considerations of CBI – how much capital is required for the investor to become an eligible applicant for the programme of their choosing. The cost of applying for CBI increases with the number of dependants — or qualifying family members — included in an application. In some jurisdictions this increase is proportional, while in others the cost only increases following the inclusion of multiple dependants.

Mandatory Travel or Residence examines the travel or residence conditions imposed on applicants both before and after the granting of citizenship.

The Citizenship Timeline pillar looks at the average time taken for citizenship to be secured by the applicant.

The Ease of Processing pillar measures the end-to-end complexity of the CBI application process. In some jurisdictions, the application process can be a labour-intensive and painstaking task that is time-consuming for the applicant; in others, it is streamlined, and the applicant receives clear directives on how to proceed. The overall effortlessness of the application process is a particularly important component, and the promise of a smooth, hassle-free process can generate readiness to engage with a programme.

The Due Diligence pillar focuses on each nation’s commitment to ensuring that their programme remains transparent and effective at evaluating potential candidates for citizenship. It is therefore a measure of each programme’s integrity.

The Family pillar measures the extent to which investors can obtain citizenship for their immediate and extended family. The CBI Index recognises that the rise of increasingly complex family relationships is driving investors to seek programmes that allow for a more diverse range of family members to be included under a primary application.

Lastly, Certainty of Product encompasses a range of factors that measure a programme’s certainty across five different dimensions: longevity, popularity and renown, stability, reputation and adaptability. Additionally, it assesses a programme’s responsiveness to major global events, such as the Covid-19 pandemic and the war in Ukraine that have had a significant impact on global mobility and due diligence requirements.

As the CBI industry undergoes its own challenges and metamorphosis, the CBI Index gives worldly investors a reliable analysis of reputable programmes that will enable them to choose second citizenship in destinations that will fulfil their needs.

Download the full report here to see which of the thirteen countries took top spot and gain further insight into the CBI industry.

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Robbery at gunpoint at Massy Stores, Gulf View

Black Immigrant Daily News

The content originally appeared on: Trinidad and Tobago Newsday

News

San Fernando police are investigating a robbery at gunpoint at Massy Stores Super Centre at Gulf View, La Romaine, early on Monday.

A police report said when a female staffer arrived to start her shift at around 5 am, two men, one with a gun, approached her.

They announced a robbery and forced their way inside the building.

They took her to a room where they stole an undisclosed sum of money, tied up the manager and left.

The manager managed to call the police, and officers from San Fernando CID visited the scene.

There were no reports of injuries.

The men remain on the run, and investigations are ongoing.

This is not the first time that bandits have robbed this branch of Massy.

In June 2018, at about 6 am, gunmen ambushed staffers who had just arrived and opened the store. They stole cash from a vault, and left.

A man was later arrested and charged in connection with that robbery.

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Dinesh Rambally wants more answers on Mercy Committee

Black Immigrant Daily News

The content originally appeared on: Trinidad and Tobago Newsday

News

Opposition MP Dinesh Rambally. File photo/Sureash Cholai

Chaguanas West MP Dinesh Rambally is once again taking the judiciary to task.

He says its response to his concerns over its involvement in the Mercy Committee’s selecting candidates for pardon has left more questions than answers.

In another media release sent on Sunday, Rambally said the Judiciary’s response, while attempting to rebut his concerns, actually confirmed many of them.

On Saturday he raised a concern that judiciary staff, 13 judicial research counsels and the registrar’s office were compiling a list of candidates for the mercy process ­– the process by which prisoners sentenced to death are deemed eligible for presidential pardon.

Government said in August that it was considering a proposal by the Criminal Bar Association to release 60 prisoners as part of the commemorations of the 60th anniversary of independence on August 31. The proposal suggested the prisoners be released in batches, the first six on Independence Day.

But on Saturday Rambally asked whether an advisory had been established in accordance with sections 87, 88 and 89 of the Constitution who was on the advisory team; what are the criteria for people being selected; and whether the advisory committee was mandated to consider reports after the proposal was made.

“The Judiciary must not only be an independent institution it must also be seen as such. Without an established, transparent protocol for interactions between the Executive arm of the State and the Judiciary, any random communications between the two can amount to an obvious breach of separation of powers,” he said.

The sections of the Constitution on the powers of pardon say an advisory committee will consider applications for pardon and advise the President. The committee must consist of a minister designated by the President, the Attorney General, the Director of Public Prosecutions and up to four other members appointed by the President after consultation with the Prime Minister and the leader of the opposition. It also says the case judge will provide case files for the committee to consider.

On Sunday the Judiciary said in a media release that the Mercy Committee had contacted it through the acting Permanent Secretary of the Ministry of National Security asking for copies of records of the cases of prisoners on death row seeking pardons.

“The Judiciary did not compile a list of eligible people to be recommended for pardon. The list was provided to the Judiciary by the acting Permanent Secretary,” the Judiciary said.

The Judiciary said the registrar in the office of the Attorney General and the Court Administration Unit compiled the case files and summaries because many of the cases were old and the case judges were either retired or dead.

But Rambally fired back, saying if the trial judge is dead or retired the Judiciary still does not have the power to prepare summaries. He said to deal with the absence of a trial judge there must be an amendment to section 89 (1) to widen the circumstances in which the written report may be acquired.

He suggested that the Judiciary should focus on holding expeditious trials “so that the guilty are punished and the innocent are set free.”

He commented, “Confidence in the Judiciary, when last measured by a poll in 2019, was at an abysmal 27 per cent.”

He criticised the secrecy over whether pardons are being considered and the policy, procedure and considerations involved in the process.

“After all we must appreciate that the process of granting pardon is not one whereby a select few get together and say that this applicant is a good boy,” Rambally said.

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Letter: Norton’s threats against GECOM Chair

Black Immigrant Daily News

The content originally appeared on: INews Guyana
Chairperson of GECOM Justice Claudette Singh

Dear Editor,

By his admission, Aubrey Norton has spent a lifetime in politics, and should surely know that the leadership of the People’s National Congress is an important office in our country. It is therefore bewildering to witness the level of ignorance Norton demonstrates with his threats to the Chair of the Guyana Elections Commission, Justice (retd) Claudette Singh.“And there are many things we can do to put the pressure on the Elections Commission and Claudette Singh. But we had first allowed her to tender her resignation as a decent judge”.Claudette Singh’s response to Norton was succinct, but the silence of ‘civil society organisations begs explanation.

Any ‘fit and proper’ legally appointed GECOM Chair cannot be removed from office, except by choosing to resign, or by death. It is much the same as a Supreme Court Justice in the United States, and, in my opinion, a threat to Chairman Singh should be treated with the same seriousness as one to a US Supreme Court Judge.

In a world’s first, and much to the surprise of many, Policy Forum has anointed itself an ‘umbrella body’ for NGOs in Guyana; this clears up the sharing of address and phone numbers with that body, McCormack’s GHRA and The Ursuline Sisters, and maybe the collective/selective silence of these organisations on Norton’s threat to the GECOM Chair and, by extension, democracy in Guyana.

Many are quick to take offence at criticism of ‘civil society’ organisations and label this as attacking the messenger or, in a case like this, an attack on the message; but bias must be called out, and silence often speaks volumes. Consider what the response from these ‘impartial’ organisations would be if the PPPC responded to Norton’s threats with a strong statement of defence such as “touch one hair on the Chair’s head” … need I say more?Editor, every election cycle sees the emergence of new and/or dormant political parties, all eager to contest for various reasons. It is odd that none of these groups of concerned citizens has seen fit to condemn the PNC’s Norton. Where is the party of doctors or hotel proprietors? Where are Ralph and Timmy?

There may be no glamorous self-serving photo ops in standing up for/with the GECOM Chair on this occasion, but the value of this vital autonomous agency to democratic freedom in Guyana should not be judged by such frivolous yardsticks. Political activism is not only about elections and aspiring to office; it should be about making Guyana a better place for all to live, without threats from Aubrey Norton or anyone else.

Sincerely,Robin Singh

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Update: Newborn baby, letter found in garbage bag in hallway at SFGH Loop Barbados

Black Immigrant Daily News

The content originally appeared on: Barbados News

Editor’s note: Initial reports said the child was found in a bin. This has since been amended as new information was provided.

A newborn baby was found alive in a garbage bag in one of the hallways at the San Fernando General Hospital (SFGH) in Trinidad.

This was confirmed by sources within the Trinidad and Tobago Police Service (TTPS).

Reports say a man told a female security guard that he heard sounds coming from a bag in one of the hallways. The officer followed him to the spot and as she approached, the child’s cries were heard.

The guard opened the bag and observed a baby along with a written note.

Shortly after, nurses were contacted. They placed the baby in a blanket and took the child to be medically examined by a doctor. The infant was said to be healthy.

A statement from the South-West Regional Health Authority (SWRHA) also confirmed the reports.

“The Authority also advises that the infant is currently receiving care by our medical professionals. Additionally, an investigation is underway & in progress to determine the circumstances which led to this unfortunate incident.”

The SWRHA said it has alerted the relevant partner state agencies to provide all the necessary assistance as required.

The SFGH is a stone’s throw away from the San Fernando Police Station.

No one has been identified as a suspect yet.

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Shenseea Reminds Us Beenie Man & Bounty Killer Had Greatest Verzuz Of All Time

Black Immigrant Daily News

The content originally appeared on: Urban Islandz

Shenseea might be slightly biased when she named Beenie Man and Bounty Killer the best Verzuz of all time.

The hit-for-hit live show might be going through some legal troubles right now with Swizz Beatz and Timbaland suing Triller for $28 million, but we can’t forget the massive culture shift Verzuz brought us in the height of the pandemic when no one was performing live, and everyone was at home.

In what started as a live clash on Instagram, usually between two artistes of the same genre and era, Verzuz has grown into a whole movement. Beenie Man and Bounty Killer were a major part of the catalyst that saw Verzuz becoming a household name and a multimillion-dollar show business. Co-founders Swizz Beatz and Timbaland previously admitted that the two dancehall legends set the tone and helped make the show more attractive for other legends in music to make appearances.

Like most of us who are avid fans of dancehall music and these two greats, Shenseea didn’t hesitate to remind her fans of the historic showdown. “Beenie Man and Bounty Killer had the best Verzuz Battle of all time,” she tweeted over the weekend.

Shenseea/Twitter

Hardly anyone disagreed with Shenseea’s statement, and in case you have doubts, just take a peek at the reactions to her tweet. “I’ve watched this bout 10 times and it’s not even close this clash was just for the culture and beyond if you know you know,” one fan wrote.

Some fans are now calling for another round of Beenie and Bounty or perhaps a Sean Paul and Shaggy Verzuz. Sean Paul had previously expressed his disinterest in a Verzuz, saying he is not a fan of clash culture. Although he appears to have a change of heart about Verzuz, he has yet to seal a deal to go up against Shaggy. Still, he recently revealed that he and the dancehall legend spoke about it.

Shenseea is currently working on her sophomore album set for release sometime next year. Meanwhile, her debut project Alpha has been getting a lot of airplay, making her among the top streaming Jamaican artists on Spotify. Her new project has yet to get a title, but she promised it will be something completely different from what we used to be hearing from her.

Perhaps Shenseea herself will consider a Verzuz challenge of her own. The big question is, who would she go up against?

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MoBay Mayor charges MSME to support local manufacturing industry Loop Jamaica

Black Immigrant Daily News

The content originally appeared on: Jamaica News Loop News

Mayor of Montego Bay Councilor Leeroy Williams has charged MSMEs to give more support to local manufacturers, as the country continues to rebuild after the COVID-19 pandemic.

The mayor was speaking at the launch of the Montego Bay Chamber of Commerce and Industry’s EXPO 2022, which was held at the Montego Bay Convention Centre on August 18.

“As a facilitator of trade and commerce, this Expo will go a far way in building Montego Bay’s resilience and create socio-economic opportunities for its people.

As leaders, we are mandated to provide platforms for these businesses to grow and contribute to the country’s gross domestic product. …As Jamaica continues to rebuild, I am challenging our local business operators to take steps towards investing more in local manufacturing, and expanding exports.”

The biennial Expo is Western Jamaica’s largest business tradeshow and will return to the Montego Bay Convention Centre on November 4.

“The business sector, and more specifically the manufacturing sector, has been growing even in the face of COVID-19, but there is room for improvement. The Chamber of Commerce and Industry has been working assiduously to improve and sustain a vibrant business plan for economic growth despite the many socio-economic challenges which we as a city continue to face,” Williams added.

This year’s expo will be staged in conjunction with the Montego Bay Parish Council.

Expo 2022 is also the chamber’s largest public forum and business conference to support its members and connect them to the rest of Jamaica, and the world, through its partners.

President of the Jamaica Manufacturers and Exporters Association John Mahfood, who was also the launch’s guest speaker, underscored the challenges of the day owing to the pandemic and said, “It is important that we make up for the lost opportunities of the past few years by working even harder. We must also recognize the severe hardship that our people had to endure including the loss of purchasing power”.

“Businesses in Montego Bay have only just started to recover from the economic effects of the pandemic and the Chamber is excited for the opportunity once more to support not just our members, but to provide an avenue for networking, buying and selling and to engage in discussions that will propel the city and the country forward,” said Damia Dawes-Monthrope, Chairman of the Expo 2022 committee.

“We are looking forward to showcasing the best of Western Jamaica on November 4 and we encourage all businesses to be a part of this event,” Monthrope added.

Expo 2022 is anticipating over 100 businesses and 5000 patrons for this year’s event, which will be held under the theme, “Building resilience, creating opportunities”.

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