July 16, 2018

Archives for December 18, 2017

Petition filed by Colours Cayman to the EU Parliament – UPDATE

GRAND CAYMAN, CAYMAN ISLANDS, 17 December 2017: Colours Cayman filed a Petition with the EU Parliament in May 2017 in which it was requested that the following pre-conditions be imposed on the United Kingdom (“UK”) for the entry into negotiations over any trade agreements upon its exit from the European Union (“EU”) and for any […]

Island Time in the Cayman Islands

By Victoria Abbot Riccardi Over the years, the Cayman Islands made headlines as tax havens for celebrities, politicians and business magnates. However, these coral outcrops, consisting of Grand Cayman, Cayman Brac and Little Cayman, have other valuable assets, including superb snorkeling, average year-round temperatures of 75–80 degrees and miles of sugar-white beaches spilling into aquamarine […]

The Editor Speaks: Why do the poor countries allow their leaders to live a life that rivals Royalty?

In an article we have published today titled “Filthy Rich” it highlights the lavish lifestyle of Africa’s longest self-serving dictators. The article states: “The former First Family of Zimbabwe – The Mugabes – deposed by the military, after the tanks rolled out on a weekend now four weeks gone, must surely rank top of this […]

Can anything turn the tide on the iguana invasion? Florida aims to find out

BY JENNY STALETOVICH From Miami Herald Growing up on Key Biscayne in the 1970s, Paul Zuccarini had no idea the commonplace green iguanas he loved to chase were as exotic as the tourists that descended every winter. They were like “prehistoric beasts,” said Zuccarini, who would release his prize captures back into the wild. “If […]

New York art dealer duped clients out of millions, US says [Cayman Islands company duped]

By Bloomberg News From Fairfield Daily Republic A Manhattan art dealer faces federal charges that he used paintings by Wassily Kandinsky and other renowned artists as bait to defraud collectors and investors out of millions of dollars. Ezra Chowaiki, of the recently bankrupt Chowaiki & Co. Fine Art Ltd. on Park Avenue in New York, […]

Keylor Navas and Alex Morgan Named 2017 CONCACAF Players of the Year

Miami (Sunday, December 17, 2017) – The Confederation of North, Central America and Caribbean Association Football (CONCACAF) announced today Keylor Navas and Alex Morgan as the 2017 CONCACAF Male and Female Players of the Year, at the fourth edition of the Premios Univision Deportes, In an equally-weighted vote among Member Association women’s and men’s national […]

Thames Water issues £145m bond through Cayman Islands subsidiary

By Gill Plimmer and Jonathan Ford From Financial Times Issue comes weeks after promise to close utility’s Caribbean funding operations Read next Water regulator criticised for removing cap on performance rewards Thames executives insist the bond can be moved ‘seamlessly’ out of the Cayman entity Thames Water has issued a £145m bond through a Cayman […]

Hundreds come down with stomach illness during Royal Caribbean cruise

CNN From WCPO Cincinnati A Royal Caribbean cruise ship returned to Florida on Saturday after hundreds of passengers contracted a gastrointestinal illness. During the five-night cruise, 332 cases of the illness were reported, Owen Torres, a spokesman for Royal Caribbean told CNN in a statement. He stressed that it was a small percentage — 5.99% […]

US: Tax plan could push assembly lines abroad

From AXIOS Tax experts say the new legislation “fails to eliminate long-standing incentives for companies to move overseas and, in some cases, may even increase them,” the WashPost’s David J. Lynch writes in the Business section lead: Why it matters: “As a candidate, Trump vowed to stop companies from moving offshore … But presidential jawboning […]

Christmas recipe

Make-ahead Christmas recipes From BBC Good Foods Turkey & chestnut gravy Make this rich turkey and chestnut gravy to accompany your Christmas dinner. If you use goose fat or butter, it can be made ahead, chilled and frozen Ingredients pan juices from the turkey roasting tin or 2 tbsp goose fat or butter raw turkey […]