C4C confirm commitment to independent candidates
STATEMENT FROM COALITION FOR CAYMAN The Coalition for Cayman is committed to promoting the understanding and need to bring objectivity, balance and accountability to the Legislative Assembly and thus governance of the country as a whole. This is severely lacking…
Muted Year For Cayman Financial Services
by Amanda Banks, Tax-News.com, London The Cayman Islands’ economy grew at a slower pace than expected during the first six months of 2012, by 1.2% of gross domestic product, tracking the rate of growth seen during 2011, following a mixed…
Premier Bush makes strong case for Cayman at JMC
From the Office of the Premier On the opening day of the Joint Ministerial Council (JMC) meeting in London, Premier McKeeva Bush made the case for Cayman to the Hon. Mark Simmonds, Minister for Overseas Territories at the meeting of…
U.S. Patent Granted to O2Micro for Over-Voltage Controller
GEORGE TOWN, Grand Cayman, Dec. 6, 2012 (GLOBE NEWSWIRE) — O2Micro®International Limited (Nasdaq:OIIM), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, today announced that it was issued seven claims under United States patent…
Governments must prioritise the fight against corruption
Looking at the Corruption Perceptions Index 2012, it’s clear that corruption is a major threat facing humanity. Corruption destroys lives and communities, and undermines countries and institutions. It generates popular anger that threatens to further destabilise societies and exacerbate violent…
Apple’s Tim Cook says Macs will be made in US
Apple is to begin manufacturing one of its Mac lines exclusively in its home country. In an interview with NBC, the firm’s chief executive Tim Cook said the company had been working on “doing more and more” in the US….
European Central Bank cuts growth forecasts and holds rates
The European Central Bank (ECB) has revised down its eurozone growth forecasts for this year and next as “economic weakness extends into 2013”. ECB President Mario Draghi said the bank expected the bloc’s economy to shrink by about 0.5% this…
BDO Ambition Survey shows economic and political uncertainty across the world
Martin Van Roekel, CEO says: The findings of this year’s BDO Cayman Islands Ambition Survey, released today, are a clear reflection of the impact of the economic and political uncertainty on businesses and investors across the world. Now in its…
HSBC may pay fine of $1.8 bn over money laundering lapses
From First Post HSBC Holdings might pay a fine of $1.8 billion as part of a settlement with US law-enforcement agencies over money-laundering lapses, according to several people familiar with the matter. The settlement with Europe’s biggest bank— which could…
Head of litigation in Cayman receives ‘accredited mediator’ certification
Higgs & Johnson Partner and Head of Litigation in the Cayman Islands, Philip S. Boni (pictured), has been accredited by the London School of Mediation as a Civil and Commercial Mediator, having satisfied the requirements of the United Kingdom…
