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International

Milton Strengthens Into Category 5 Hurricane, Taking Aim at Florida’s Gulf Coast

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Hurricane Milton rapidly intensified into a Category 5 storm on Monday, threatening Florida’s Gulf Coast and putting the densely populated Tampa Bay region in the path of what could be a direct hit. Less than two weeks after Hurricane Helene ravaged the same coastline, the area now faces a potentially catastrophic storm surge, heavy rainfall, and fierce winds.

Forecasters predict that Milton’s center could make landfall near Tampa on Wednesday, marking the first direct strike by a major hurricane in over a century. Although the storm may weaken slightly before landfall, it is expected to maintain hurricane strength as it travels across central Florida toward the Atlantic, largely sparing regions to the north that were devastated by Helene, which left at least 230 dead from Florida to the Appalachian Mountains.

“This is the real deal here with Milton,” warned Tampa Mayor Jane Castor during a press conference. “If you want to take on Mother Nature, she wins 100% of the time.”

Governor Urges Swift Cleanup Ahead of Milton

As Florida prepares for Milton’s arrival, Governor Ron DeSantis emphasized the urgency of removing debris left behind by Hurricane Helene, fearing it could become deadly projectiles in the storm’s high winds.

“It’s imperative we clear this debris before Milton hits,” DeSantis said on Monday. Evacuation orders have already been issued, and forecasters warn of a potential 8- to 12-foot storm surge in Tampa Bay, with widespread flooding expected from 5 to 10 inches of rain across Florida and the Keys. Some areas could see up to 15 inches of rainfall, creating hazardous conditions for the 3.2 million residents in the Tampa metropolitan area.

Kerry Emanuel, a meteorology professor at MIT, highlighted the vulnerability of Tampa Bay, noting the region’s lack of experience with storms of this magnitude. “It’s a huge population. It’s very exposed, very inexperienced, and that’s a losing proposition,” Emanuel said.

Milton Gathers Strength in Gulf of Mexico

Milton, a compact yet powerful storm, intensified quickly over the eastern Gulf of Mexico, with maximum sustained winds of 175 mph by Monday afternoon, according to the National Hurricane Center. The storm was located about 700 miles southwest of Tampa, moving east-southeast at 9 mph.

Much of Florida’s west coast, including Lake Okeechobee, remains under hurricane and storm surge watches, with hurricane warnings issued for parts of Mexico’s Yucatan Peninsula.

The Tampa Bay region is still reeling from Hurricane Helene, which caused 12 deaths and left a trail of destruction along barrier islands from St. Petersburg to Clearwater. In an effort to clear the remnants of Helene before Milton arrives, more than 300 vehicles were mobilized on Sunday to collect debris. However, cleanup crews faced delays when they found a landfill locked, forcing state troopers to break open the gate with a rope tied to a pickup truck.

“We don’t have time for bureaucracy and red tape,” DeSantis said.

Residents Prepare for Impact

Residents along Florida’s west coast are bracing for Milton’s arrival. Lifeguards in Pinellas County, located on the peninsula that forms Tampa Bay, have begun removing beach furniture and other items that could become dangerous in the storm’s winds. In many neighborhoods, appliances and furniture still await collection after being damaged by Helene’s storm surge.

Sarah Steslicki, a resident of Belleair Beach, voiced frustration over the delayed debris removal. “We’re facing another hurricane, and there’s still so much left to be picked up. It’s frustrating.”

As the state braces for Hurricane Milton, officials urge residents to heed evacuation orders and take necessary precautions to stay safe.

Hurricane Milton strengthens as it heads towards storm-ravaged Florida

Residents in Seminole, Florida, Prepare Sandbags Ahead of Hurricane Milton’s Arrival, October 6, 2024 [Octavio Jones/Reuters]

International

White Bay Beach on Jost Van Dyke Featured on MSN.com

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White Bay Beach, located on the small island of Jost Van Dyke in the British Virgin Islands, was recently featured in a travel article on MSN.com, highlighting its reputation as one of the Caribbean’s top destinations.

The article describes the beach’s white sands, clear turquoise waters, and the lively beach bars along its shore. Accessible mainly by boat, White Bay is a popular stop for yachters and day-trippers. Many visitors anchor offshore and swim to the beach to enjoy its attractions.

Among the well-known spots mentioned is the Soggy Dollar Bar, famous for creating the Painkiller cocktail, a mix of dark rum, coconut cream, and tropical juices topped with nutmeg. Other featured locations include Hendo’s Hideout, known for its Caribbean cuisine, and Coco Loco, praised for its fish tacos.

White Bay also offers activities such as snorkeling, paddleboarding, and kayaking. The coral reef just offshore is home to diverse marine life, making it a draw for water enthusiasts. Visitors looking for relaxation can also experience the Ocean Spa, which provides massages in a floating hut on the bay.

Accommodations near White Bay range from private villas to larger estates, many with ocean views. The Hideout, featuring seven villas with private plunge pools, and White Bay Villas, offering various lodging options with access to the White Bay Beach Club, were also highlighted.

The MSN.com feature showcases White Bay Beach’s combination of natural beauty and vibrant culture, reinforcing its status as a must-visit destination in the Virgin Islands.

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International

British Virgin Islands Weighs Tax Reforms Amid Global Compliance Push

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Photo: www.scmp.com

The British Virgin Islands (BVI), a long-standing jurisdiction for company incorporations, particularly among firms from Hong Kong and mainland China, is considering the feasibility of implementing a global minimum tax rate. The government has enlisted consulting firm KPMG to assess the impact of such a move, with findings expected next month, Premier and Finance Minister Natalio Wheatley confirmed.

The global minimum tax, set at 15 per cent, applies to multinational corporations generating at least €750 million (US$788 million) in annual revenue over two of the previous four years. Under international tax agreements, jurisdictions failing to impose the requisite tax rate may see other countries applying top-up levies on corporations operating within their borders. More than 130 jurisdictions, including the BVI and Hong Kong, have endorsed the initiative.

“Once we receive KPMG’s analysis, we will be in a position to determine whether adopting the global minimum tax is a viable course of action for the Virgin Islands,” Wheatley said.

The Premier arrived in Hong Kong on 16 February as part of an Asia-Pacific tour aimed at reinforcing the territory’s engagement with key financial markets. His itinerary included stops in Macau and Shenzhen, where he met with business leaders, industry representatives, and BVI students pursuing higher education in the region.

The BVI, a British Overseas Territory, has long been a preferred destination for company registrations due to its tax-neutral status, offering no corporate or capital gains taxes. The territory remains a major player in global finance, with approximately 375,000 active companies incorporated within its jurisdiction. Nearly 44 per cent of these are linked to Hong Kong, Macau, and mainland China, according to official figures.

The UK-based advocacy group Tax Justice Network ranked the BVI as the world’s leading tax haven as of October 2024. The group reported that nearly 2.9 per cent of multinational corporate financial activity in 2024 either originated from or flowed through the BVI.

Despite growing international scrutiny and competition, particularly from Hong Kong, Wheatley expressed confidence in the BVI’s enduring appeal to global investors. Hong Kong recently introduced regulatory reforms aimed at simplifying the redomiciliation of overseas companies, positioning itself as an alternative jurisdiction for incorporation. However, Wheatley emphasised the BVI’s well-established legal framework, experienced financial services sector, and streamlined incorporation processes.

“In the British Virgin Islands, a company can be registered within 24 hours while maintaining full compliance with international regulatory standards,” he said. “There is no need to shift from a jurisdiction that continues to meet business needs effectively.”

Meanwhile, the UK government has recommended expanding access to beneficial ownership information in the BVI beyond law enforcement agencies to parties with “legitimate purposes.” The BVI government is conducting consultations to define what constitutes a legitimate purpose, with a decision expected by June.

“We value our longstanding relationships with stakeholders in mainland China, Hong Kong, and Macau and will continue fostering an environment that supports business growth while adhering to international obligations,” Wheatley said.

The territory remains focused on balancing its economic interests with evolving global financial standards.

 

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Health

Global HIV Crisis Looms: U.S. Aid Freeze Could Trigger Millions of Deaths

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UNAIDS Executive Director Winnie Byanyima warns that the recent U.S. decision to halt foreign aid could lead to a sixfold increase in new HIV infections by 2029, potentially resulting in millions of deaths and the emergence of more resistant strains of the virus.

The U.S. administration’s 90-day suspension of foreign assistance, initiated by President Donald Trump as part of an “America First” policy, has disrupted numerous global health initiatives. This pause affects programs funded by the President’s Emergency Plan for AIDS Relief (PEPFAR), a cornerstone in the global fight against HIV/AIDS.

Byanyima stressed the gravity of the situation, stating that without U.S. support, projections indicate a significant surge in HIV cases and related fatalities. She urged the U.S. government to reconsider its stance, highlighting the potential global health crisis that could ensue.

The aid freeze has already led to the closure of several organisations reliant on PEPFAR funding, particularly in Africa. The United Nations AIDS program reported that many such entities have ceased operations due to the funding halt and a lack of clarity regarding exemptions.

In response to the suspension, advocacy groups have taken legal action against the administration. Public Citizen, a liberal-leaning organization, filed a lawsuit challenging the legality of the aid freeze, arguing that it endangers lives worldwide. The lawsuit represents organisations severely impacted by the funding halt, including those providing healthcare and humanitarian assistance.

The U.S. State Department, led by Secretary of State Marco Rubio, has defended the pause, asserting that it is necessary to review foreign aid spending in alignment with the administration’s policies. However, critics warn that this move could damage the U.S.’s reliability as a global partner and potentially push aid-receiving countries towards rivals like China.

The situation remains fluid, with global health experts and humanitarian organisations closely monitoring the developments. The potential resurgence of HIV/AIDS underscores the critical importance of sustained international support and the far-reaching consequences of policy decisions on global health initiatives.

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