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Social Security

St. K&N: Contributors to Social Security to receive $1000 as Workers Bonus

BASSETERRE, SAINT KITTS AND NEVIS, 20TH SEPTEMBER 2023 —Prime Minister and Minister of Social Security, Hon. Dr. Terrance Drew has announced the payment of $1000 to contributors to the Social Security Fund to include Pensioners and active workers as part of the…

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US warns: Medicare will be insolvent by 2026, Social Security by 2035

From Newsmax The financial condition of the government’s bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government’s overseers of Medicare and Social Security. It…

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Abraaj founder ordered to pay litigation costs in Cayman Islands court

By Pedro Goncalves From International Investment A Cayman judge has ordered the founder of troubled equity firm Abraaj to pay for the costs of a recent hearing in the jurisdiction regarding the company’s restructure attempts out of his own pocket. At…

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The top security breaches in history

While technology exists to make lives easier and more efficient, it also causes as much harm as it does good. In the past several years, cyber attacks have continuously evolved using innovative methods to commit initiate data breach attacks,and most…

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Nutrition and medical support during pregnancy critical – Jamaica’s Senator Reid

By Garwin Davis From JIS Story Highlights Minister of Education, Youth and Information, Senator the Hon. Ruel Reid, has highlighted the importance of access to proper nutrition and medical care for expectant mothers in ensuring the healthy development of children….

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Kuwaiti creditor seeks Abraaj liquidation in Cayman Islands court

By Sarah Townsend From The National The move by Kuwait’s Public Institution for Social Security risks complicating ongoing restructuring negotiations One of the creditors of Abraaj Group, the buyout firm facing allegations of misusing investors’ funds, has filed a petition…

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Abraaj lenders seek legal advice on options against Dubai firm – sources

By Tom Arnold, Saeed Azhar, Davide Barbuscia From Reuters DUBAI, May 31 (Reuters) – Lenders to Dubai-based private equity firm Abraaj are seeking advice from law firm Clifford Chance on potential action they could take against the firm as concerns…

Automated clearing house is launched for Cayman Islands retail banks.

The Cayman Islands Banker’s Association has announced an automated clearing house (ACH) has been launched for local retail banks. The Association also said the ACH is designed to clear and settle electronic transactions and domestic payments in both US and…

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ILO Director-General Guy Ryder to attend child labour conference in Buenos Aires

BUENOS AIRES (ILO News) – ILO Director-General Guy Ryder will attend the November 14-16 Fourth Global Conference on the Sustained Eradication of Child Labour  in Buenos Aires. Governments, employers and workers from 193 countries have been invited to the Conference,…

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Most of us are planning for retirement all wrong

By Catherine Allen, Contributor From Business Insider Most financial advisers and articles on financial planning for retirement start with the topic of the right number for you to save for your next chapter in life. Often they cite having six to eight…