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UPDATED: UK, Cayman investigate gold smuggling scheme

The UK’s National Crime Agency is working with Cayman Islands authorities to investigate CI$4.1 million worth of gold seized at London’s Heathrow airport on 1 June.

Column: Venezuela’s health crisis is the hemisphere’s problem

Fortunately, Venezuela’s neighbours are better prepared to deal with dangerous outbreaks.

Column: Negotiating with Maduro would be a mistake

The cascade of Western democracies recognizing Guaido sends a strong message to the Venezuelan military, too. It’s telling that Maduro did not give the order this past weekend to disperse crowds of protesters with violence. It suggests that he knows that most of his army would not follow it.

Cayman funds sue Venezuelan government

Two Cayman-registered funds are suing the Bolivarian Republic of Venezuela, claiming that the struggling South American regime owes them some US$26 million in unpaid debt.

EDITORIAL – Explaining the disparity in the wealth of nations

The wealth of nations – all wealth of all free nations – is generated by the private sector, not the government sector. Put another way, the business sector makes, the public sector takes.

Men swallowed liquid cocaine, court hears

Two Venezuelan nationals imported cocaine into the Cayman Islands by swallowing packages of the drug in liquid form, Deputy Director of Public Prosecutions Patrick Moran said on Friday.

Three Venezuelans plead guilty to cocaine charges

Three Venezuelan nationals appeared in Summary Court Thursday when they all pleaded guilty to importing cocaine.

Customs officer among five arrested in drug raid

A Cayman Islands customs officer was arrested in a Friday night drug raid in George Town along with three foreign nationals from Venezuela and a West Bay resident, police and customs officers announced Monday.

Cayman customs officer, 3 Venezuelans arrested in drug raid

A Cayman Islands customs officer was arrested in a Friday night drug raid in George Town along with three foreign nationals and a West Bay resident, police and customs officers announced Monday.

Venezuela and the eclipse of American leadership

Venezuela’s steady descent into chaos has repeatedly prompted pundits like me to predict that the authoritarian populist regime founded by Hugo Chávez was doomed to collapse, or be ousted.

Bloomberg: Desperate Venezuela gets a frightening new comandante

Putting the military and neighborhood loyalists in charge of food deliveries also raises a more chilling prospect: that only Maduro’s supporters will eat.

Post: Venezuela in agony

By most measures, Venezuela is already a failed state: Amid crippling shortages of food, medicine, power and water, every societal ailment is soaring.

EDITORIAL – How rich countries (mis)manage to go broke

The world has experienced the “tech bubble,” “housing bubble” and even the “tulip bubble." Now, we have the “government bubble.”

Rahn: The next financial crisis

The end is near – depending on how you define “near” and where you live.

O’Brien: Venezuela ‘should’ be rich

It’s come to this: The country with the largest oil reserves in the world can’t afford to brew its own beer, stay in its own time zone, or even have its own people show up to work more than two times a week.

Margolis: Weak reforms doom Venezuela’s Maduro

With Latin America’s most troubled economy heading toward default, there was hope that Venezuelan President Nicolas Maduro might discard half-measures and pull his country back from the edge. Instead, last week he announced policy changes that amounted to an optical illusion.

Bloomberg View: A big test for Venezuela’s opposition

Bloomberg View Editorial Board The newly elected coalition that was now in charge of Venezuela’s congress represents more than 20 parties, but they share three...

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