Story
Deltec tight-lipped over 17 accounts tied to FTX, Sam Bankman-Fried
A Bahamian bank and trust company was yesterday tight-lipped over court documents showing that FTX and entities controlled by its besieged founder, Sam Bankman-Fried, held no fewer than 17 accounts with it.
Story
Hurricane Hole Superyacht Marina opened
STERLING Global Financial officially opened its Hurricane Hole Superyacht Marina on Paradise Island on Friday, marking a significant milestone for the international company.
Story
New PI super yacht marina 80% booked
PARADISE Island’s newly-opened Hurricane Hole super yacht marina is over 80 percent booked, its principal developer says, with the wider $250m project moving forward at a brisk pace.
Story
PETER YOUNG: Calm returns to Britain with new face at helm
ALL too often it can be a challenge to determine what to include in this weekly column that may be of interest to readers at any given time.
Story
PETER YOUNG: Conservatives in disarray in Britain but new prime minister in place
BELOW is the text I drafted on Sunday in time to meet the usual press deadline of Monday afternoon for my weekly column. But over the weekend and yesterday events in London moved rapidly, with the situation changing by the hour.
Story
Rise and fall
ActivTrades
It has been a few busy weeks in the Forex (foreign exchange) markets. On Thursday, the reaction of the markets was unequivocal, and we saw a certain ruthlessness when UK prime minister, Liz Truss, had barely announced her resignation before the pound sterling was appreciating again. The 30-year UK government bond yield fell nine basis points, which means investors are now viewing those securities as less risky once again.
Story
PETER YOUNG: Fast-moving crisis in UK
MINDFUL of the guidance to columnists to avoid repetition at all costs, I hesitate, after covering the subject for two weeks running, to write again about the astonishing political turbulence and economic turmoil in Britain.
Story
PETER YOUNG: New British PM will have to do better than this
Having commented last week that the new British Prime Minister, Liz Truss had made a good start, only days later the picture has changed dramatically.
Story
‘Brace’ for insurance hikes: Ian recalls Andrew effects
Bahamian property owners were yesterday warned to brace for further insurance hikes with one underwriter revealing Hurricane Ian’s multi-billion dollar devastation brought back memories of market conditions from 30 years ago.
Story
Disaster avoided
ActivTrades
As predicted in last week’s article, the inflation rate in the euro area has reached double digits for the first time since the introduction of the single currency. As the European statistical office, Eurostat, announced on Friday, following an initial estimate inflation was 10 percent in September. In August, it was still 9.1 percent. Bad news for the Euro zone, but it was an even worse week across the channel.
Story
PETER YOUNG: Time will tell if a new monarch and PM can deliver on their early promise
These have been momentous times in Britain. The nation has suddenly, and simultaneously, had to face up to the loss of a much-loved and revered head of state and to an enforced change of Prime Minister. In a less politically stable country that could have had serious repercussions.
Story
Equestrian athletes take the spotlight at Marshall & Sterling Insurance League Finals
EQUESTRIAN athletes Hannah D’Aguilar, Isabella Coello and Ella Saidi may ride at different barns at home in Nassau, but they were a united and formidable presence this past weekend at the 2022 Marshall & Sterling Insurance League Finals.
Story
$7.5m PI food store to create 75 posts
A Freeport-headquartered supermarket will break into the New Providence market in 2023 via a $7.5m investment at Paradise Island’s Hurricane Hole redevelopment that will create 75 permanent jobs.
Story
Developer’s Abaco project in ‘high eight-figure’ sales
A Nassau-headquartered developer yesterday confirmed it is investing hundreds of millions in Abaco and the surrounding cays via two projects that are progressing “quite well”.
Story
DPM hails Hurricane Hole developer for ‘uplifting’ PI
The deputy prime minister yesterday hailed Sterling Global’s multi-million dollar Hurricane Hole redevelopment for “uplifting Paradise Island” and the wider Bahamian tourism product.
Story
Nygard’s ‘fraudulent’ asset seize exposed
Accusations that Peter Nygard “fraudulently” sought to seize assets he does not own have been exposed by a legal claim against a Bahamian financial services provider involving a once-$40m yacht.
Story
Gibson Jr and Rolle capture Unca Lou title
ONE of the top amateur golfers teamed up with one of the youngest competitors in the field as Richard Gibson Jr and Kerrington Rolle combined for a 59 net to win the St Augustine’s College Alumni Association’s inaugural Unca Lou Golf Tournament.
Story
DIANE PHILLIPS: Green high-top Converse a symbol of pain too much to bear
For a moment last Tuesday, Mathew McConaughey could have run for and been elected President of the United States. For a moment, the Oscar-winning actor took us all where we needed to be – in the heart of Uvalde, Texas where on May 24, a deranged 18-year-old brandishing an AR15 walked into an elementary school and for 40 minutes before the SWAT team arrived went on a killing spree, leaving 19 children and two teachers dead.
Story
CARIFTA: Bahamas second with 17 medals
With confirmation to host the 50th CARIFTA Games in 2023, the Bahamas’ 54-member team will return from Kingston, Jamaica, with second place with 17 medals, including four gold, at the top regional junior track and field competition.
Story
PI developer takes on Schooner Bay
A Nassau financier/developer has struck a deal to take over management, and develop a boutique resort, at a south Abaco community once hailed as a sustainable development model for The Bahamas.
