Indigenous leaders in Vanuatu raise concerns over Royal Caribbean's private beach club plans on Lelepa Island
Indigenous leaders in Vanuatu have expressed serious concerns regarding plans by cruise operator Royal Caribbean to develop a private beach club on Lelepa Island. The community leaders argue that environmental impact assessments conducted by the company are “incomplete” and “misleading.” They assert that the proposed development poses a significant threat to the local ecosystems and a nearby UNESCO World Heritage site. The matter was formally raised in a letter sent to Royal Caribbean on 26 February. The planned resort on Lelepa Island, which spans roughly 5 kilometers and is home to approximately 500 residents, is designed to cater to up... [Continue Reading]
UN Warns Developing Countries Priced Out of Affordable Finance, Harming Growth
The United Nations has warned that many developing countries face increasing difficulty in securing affordable finance essential for sustainable development, as sovereign credit rating systems often misrepresent their actual credit risk. Credit ratings, which influence the interest rates countries pay in international markets, tend to rely on outdated or incomplete data that overlook the countries’ long-term economic prospects. This mispricing forces these nations to pay more to borrow, restricting their ability to invest in critical development projects such as infrastructure, healthcare, and education. The deputy UN chief, delivering remarks on behalf of the Secretary-General at a special UN Economic and... [Continue Reading]
360LiveNews | 30 Mar 2026 23:57
