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Tropical Storm Fred weakening in the Atlantic

TROPICAL Storm Fred is weakening far out in the Atlantic Ocean and is forecast to become a tropical depression on Wednesday and degenerate to a remnant low on Thursday.

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Pintard: FNM has right talent to win election

FREE National Movement Chairman Michael Pintard yesterday defended the party as having the “right talent and team” to capture a victory when Bahamians head to the polls during the next general election.

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DNA leader demands an explanation for immigration raid

DEMOCRATIC National Alliance Leader Branville McCartney yesterday chastised the Department of Immigration for a recent unexplained raid at his home that he felt was politically motivated.

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Super Value held up in afternoon robbery

POLICE are “aggressively” pursuing two suspects responsible for an armed robbery of Super Value’s Blue Hill Road location yesterday afternoon, a senior police official said.

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Man shot in back of the head at his home

A 24-year-old man was shot in the back of his head and killed early yesterday morning at his home off Fire Trail Road.

Fred leaves Cape Verde islands and weakens to tropical storm

TROPICAL Storm Fred moved away from the Cape Verde Islands on Tuesday and is forecast to weaken in the Atlantic Ocean.

Bahamas granted downgrade break

Baha Mar will “only start weighing” on the Bahamas’ creditworthiness should it remain unopened by the 2016 second half, something that would prompt Moody’s to slash next year’s GDP growth forecast by up to a full percentage point.

Moody’s: Debt’s ‘peaked’ at 66%

Baha Mar “doesn’t take away” from the Government outperforming its key revenue and fiscal targets, a credit rating agency yesterday disclosing that it was impressed by the more than three percentage point cut in the 2014-2015 fiscal deficit.

Gov’t urged to consider ‘opening’ mobile bidding

A leading private sector executive yesterday urged the Government to consider opening up the cellular liberalisation process to other bidders, given that it had not seen the desired level of competition.

Moody’s actions ‘inconsistent’ with structural concern

The Opposition’s deputy leader last night said Moody’s decision to maintain the Bahamas’ existing sovereign credit rating seemed “inconsistent” with its analysis, which repeated the structural concerns voiced by Standard & Poor’s (S&P).

Bahamas has ‘best VAT in the world’

A leading food retailer said the Government eliminated the Value-Added Tax (VAT) “nightmare” by drastically reducing the proposed exemptions, adding: “We have the best VAT in the world.”