Prince Harry drops libel case against Daily Mail after damaging pretrial ruling
PRINCE Harry dropped his libel lawsuit Friday against the publisher of the Daily Mail tabloid following a punishing ruling in which a judge suggested he might lose at trial.
Tata Steel announces plans to cut 2,800 jobs in a blow to Welsh town built on steelmaking
INDIAN firm Tata Steel announced Friday it will close both blast furnaces at its plant in Port Talbot, Wales, eliminating 2,800 jobs, as part of plans to make its unprofitable U.K. operation leaner and greener.
Govt accused of Port nationalisation ‘ruse’
A PROMINENT Freeport attorney yesterday accused the Government of employing “a ruse” and “deception” by seeking to “nationalise” the Grand Bahama Port Authority (GBPA) under the guise of Bahamianisation.
Royal Caribbean Chief: 'Proof is in the pudding'
ROYAL Caribbean’s top executive yesterday revealed the increase in total passengers it will bring to The Bahamas in 2024 to 4.4m is a key factor driving its Paradise Island beach club project.
Blacklistings breaching Bahamas’ human rights
THE Bahamas plans to potentially approach the International Court of Justice (ICJ) with the argument that multiple blacklistings have breached its citizens’ human rights, it was revealed yesterday.
Opposition doubles down on ‘fiscal jeopardy’ claim
THE Opposition’s finance spokesman yesterday doubled down on assertions that “the Government’s fiscal projec- tions are in jeopardy” and need to be adjusted in next month’s mid-year Budget.
‘We’d have accepted 100-150%’: Government suspends boat fee hikes
Bahamian fishermen yesterday said they would “have no problem” paying 100-150 percent boat registration fee increases as they hailed the decision to suspend the “utterly devastating” four-digit hikes.
PwC chief: Business licence audits to be ‘intense process’
A SENIOR accountant yesterday affirmed the new Business Licence verification will be an “intense process” but both auditors and firms “should be able to” meet the Government’s deadlines.
‘No reason to panic yet’ on 91% deficit
THE Government’s top finance official yesterday assured he has “no reason to panic yet” over the early 2023-2024 fiscal deficit as VAT revenues for December exceeded the prior year by 16-17 percent.
Gov’ts GBPA arbitration ‘no confidence inspirer’
FREEPORT’S governing authority yesterday warned that the Government’s latest bid to collect on allegedly outstanding expenses does “not inspire confidence” in the city and its $1.5bn investment “pipeline”.
PharmaChem client pulled plug on overrun, output woe
PHARMACHEM Technologies’ sole customer yesterday confirmed to Tribune Business that it pulled the plug on the Bahamian drug maker due to cost overruns and its failure to meet production timelines.
FTX Bahamas wind-up ‘halted’ if no Ray deal
FTX’s Bahamas wind- up “would be halted” without a deal with their US adversary, its liquidators have revealed, as they seek an extension to the legally-mandated 90-day deadline to hold a first creditor meeting.
Inflation hits lowest annual increase since early 2021
INFLATION continued to slowly moderate in October 2023 with the trailing 12-month increase of 2 percent at its lowest level for more than two-and-a-half years.
Law firm unveils four promotions
A BAHAMIAN law firm has promoted two attorneys to senior associates while confirming another duo as associates after they completed their pupillage.
Security firms hope for spike in January
SECURITY firms yesterday said they are hoping for a spike in business during the typically-slower January due to the skyrocketing murder rate and increased fear of crime.
