Dominican Republic, Haiti and Tropical Storm Melissa
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At least 80 miners became trapped in the Dominican Republic on Tuesday, with rescue efforts underway and no injuries or deaths reported, according to government officials.
The Dominican government, via the Ministry of Finance and Economy, successfully issued US$1.6 billion in sovereign bonds on international markets with a 10-year maturity and a yield of 5.875%, fully covering its external financing needs for fiscal year 2025.
The Dominican Republic is on the northern edge of the Caribbean tectonic plate, bordering the North American one. This boundary is known for producing seismic activity, with a long history of earthquakes, including Samaná's 8.1 magnitude in 1946 and the 6.4 magnitude in 2020 near Puerto Rico.
Rain from Tropical Storm Melissa snarled traffic in the Dominican Republic’s capital Santo Domingo Wednesday. Tropical Storm Melissa dumped heavy rain on parts of Haiti and the Dominican Republic as forecasters warned of a significant flood risk in parts of the northern Caribbean this week.
Tropical Storm Melissa has begun dumping rain on Hispaniola as forecasters warned of a flood risk in parts of the Caribbean region this week.