Royal Caribbean among bidders for new Lisbon cruise terminal
From Royal Caribbean Blog Royal Caribbean is among a number of bidders who are hoping to secure a contract to build a new cruise terminal in Lisbon, Portugal. Three consortiums of companies have submitted bids to get the project. The…
FDI at risk if AML compliance not met
From Caribbean360 BRIDGETOWN, Barbados, Thursday August 22, 2013 – The Caribbean has been mentioned by two recent United Nations and United States Department of State reports as a region vulnerable to money laundering associated with illegal narcotics and the laundering…
Ritch leaves LIME
Cable & Wireless/Lime’s General Manager Anthony Ritch, is stepping down after 5 years at the helm. However, Ritch has been with the Cayman Islands oldest tele-communications company for 29 years and has risen through the ranks. He leaves his job…
Income rises for Caribbean hotels in poll
By Gulli Arnason From Financial News UK The average Caribbean hotel that participated a new survey from US-based hospitality advisory firm PKF Consulting USA LLC enjoyed a 10.9% increase in net operating income in 2012. Results were compiled in the…
NYT: Detroit bankruptcy shows how Wall Street wins
By Michael Kling Moneynews Detroit’s bankruptcy case is another example of how Wall Street wins, according to The New York Times. Fixing Detroit’s financial dilemma is supposed to be done by “shared sacrifice” between pensioners and municipal bond investors. Nice…
The New BlackBerry Q5 Smartphone Launches in the Caribbean
Waterloo, ON – BlackBerry® (NASDAQ: BBRY; TSX: BB) announced its newest BlackBerry® 10 smartphone, the BlackBerry® Q5 smartphone, which is expected to be available in the Dominican Republic on August 26, and in countries across the eastern Caribbean on September…
Britain detains partner of journalist who exposed NSA spying. Are they crazy or stupid?
By Gregory Ferenstein From TechCrunch The partner of Glenn Greenwald, the journalist who published classified information on U.S. government surveillance, was detained for 9 hours in London’s Heathrow Airport. On Sunday morning, David Miranda was detained for the maximum allowable…
Stolen Cayman Islands money traced to St Lucia
From DaVibes July 24 CASTRIES, St Lucia — According to copies of an account application form, at least part of the proceeds of the theft of over US$4 million from a bank account in the Cayman Islands appears to have…
Tesla Model S Earns Highest Safety Rating Ever From US Agency
By Billy Gallagher From TechCrunch The Tesla Model S earned a 5-star safety rating, both overall and in each individual category, from the National Highway Traffic Safety Administration (NHTSA). The company claims that the Model S achieved a new combined…
Developing world life specialist to buy Standard Chartered’s Cayman Trust business
By Ann-Marie Corvin From International Adviser Investors Trust Assurance (ITA) has agreed to buy Standard Chartered’s Cayman Island Trust business, in a bid to expand its offshore Latin American customer base and products. The sale – made through ITA’s Cayman…
