FTX ordered to pay $12.7bn to victims of their fraudulent activities
THE Commodity Futures Trading Commission (CFTC) announced yesterday that a US District Court in New York has ordered FTX Trading Ltd. and Alameda Research LLC to pay $12.7 billion to their customers and victims of their fraudulent activities.
‘Eleuthera to get relief by end of September’
ELEUTHERA residents will experience relief from debilitating power outages by the end of September, according to Bahamas Power and Light (BPL) chief operating officer Toni Seymour.
Munroe: No reason to fear police probe
NATIONAL Security Minister Wayne Munroe said he doesn’t believe people who may be questioned as part of a Royal Bahamas Police Force corruption probe should fear for their lives despite several coincidences that have unsettled the public.
Thai boxing champ in up to $25m investment
A THAI boxing world champion from France is willing to invest a further $20m to $25m in developing the Champion Spirit Country Club as a fitness/wellness facility in western New Providence.
GB Power’s extra squeeze on Freeport’s few survivors’
FREEPORT’S “few survivors” are being forced into ever “increasing losses” through cost hikes passed on by Grand Bahama Power Company and other major operators, a hotelier warned yesterday.
‘No stone unturned’: Fidelity’s $9m profits perfectly paced
A BISX-listed bank yesterday said it is leaving “no stone unturned” after disclosing that its six-month profits are near-perfectly on pace to hit 2024’s full-year target of $18m.
Bahamas ‘resolves’ all US aviation audit
THE deputy prime minister last night said The Bahamas has “resolved” all findings by US aviation regulators to maintain its top-tier standing with them.
‘Strengthened’ URCA asserts any GBPA rate approval illegal
URCA yesterday drew on its newly “strengthened” position to assert it would be illegal for the Grand Bahama Port Authority (GBPA) to approve the 6.3 percent base rate hike sought by GB Power.
Money broker on hold after ‘illegal’ warning
A MONEY broker yesterday revealed its operations have been placed on hold after receiving a warning from the Securities Commission that it was conducting business “illegally”.
‘Smart cities’ promise comes with challenges
The concept of Smart Cities is revolutionising urban living, ushering in an era where technology and data are the cornerstones of efficient, sustainable, and livable environments.
Rosewood partners on 500-job Exuma project
ROSEWOOD Hotels & Resorts yesterday confirmed it has teamed with a Miami-based investment company to brand a new development in the Exuma cays billed as creating 500 Bahamian jobs.
Police investigate sex assault near graveyard
Police are investigating a complaint of sexual assault made by a 28-year-old woman.
AG office to appeal Supreme Court rulings
ATTORNEY General Ryan Pinder said his office will appeal two recent Supreme Court rulings in which a man and a woman were collectively awarded $2.6m for the challenges they endured.
‘Christie discharged and doing very well’
FORMER Prime Minister Perry Christie was discharged from hospital yesterday after receiving treatment for acute heart condition symptoms.
Double shooting in GB leaves one man dead and another in hospital
GRAND Bahama recorded its fourth homicide for the year after a double shooting at a nightspot in Freeport.
Transport wants URCA to stop GBPC rate rise
THE Ministry of Energy and Transport wants the Utilities Regulation and Competition Authority (URCA) to use its powers under the Electricity Act to stop the Grand Bahama Power Company’s proposed electricity base rate increase.
UK police to arrive in corruption probe
POLICE Commissioner Clayton Fernander said senior members of the United Kingdom’s National Crime Agency will arrive this month to “personally oversee” aspects of the investigation surrounding voice notes that purported to capture a quid-pro-quo arrangement involving a senior police officer, a lawyer and two murdered men, Michael Fox Jr and Dino Smith.
Haitian man fears he won’t be able to find a new home before his dwelling is bulldozed
A 24-year-old Haitian man fears his family will be homeless if they can’t find a new home before their unregulated dwelling is bulldozed.
Goodwill Swimming: Bahamas ready to make a splash
THE Bahamas Aquatics team is ready to make a big splash at the Goodwill Swimming Championship for the second consecutive year. The 40-member contingent is expected to commute to Gros Islet, St Lucia, next week Wednesday for competition slated for August 16-18.
