220 results returned for search: "" category "International Business" author David Fox, Business Editor
The Financial Action Task Force has retained Barbados, Cayman Islands and Jamaica on the Grey List, citing strategic deficiencies in their countering of money laundering, terrorist financing and proliferation financing.
The decision came from the rep...
DATE: Nov 01, 2022
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
Cryptocurrency exchange Bittrex Global, billed as the most secure digital asset exchange in the world, has taken steps to distance itself from an American company that has run afoul of US law.
The company made it clear that it has no connection to th...
DATE: Oct 13, 2022
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
The Cayman Islands Economics and Statistics Office has estimated an unemployment rate of just 3 per cent in the first half of this year as the holiday destination reopened for tourism, the Cayman Compass has reported.
The drop in unemployment for Cay...
DATE: Oct 06, 2022
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
Bermuda was formally removed from the grey list by the Council of the European Union yesterday, as it added Anguilla, the Bahamas and Turks & Caicos Islands to the black list.
The council said in a statement: “The commitment of Bermuda with regard to...
DATE: Oct 05, 2022
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
The man who brought Arbitrade to Bermuda is fighting two new legal challenges, both filed against him and his company and associates last week in two separate jurisdictions.
The Securities and Exchange Commission filed charges in the United States Di...
DATE: Oct 04, 2022
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
AltFi Capital Management Ltd has launched AltFi Capital Opportunities Ltd, a Bermuda Professional Class B fund.
Founded and based in Bermuda, AltFi is an alternative investment manager with a specialisation in digital assets.
AltFi offers investors ...
DATE: Oct 04, 2022
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
After languishing on a register of shame instituted by European governments, Bermuda appears set to be “white-listed” by the European Union.
It is the ultimate answer to any suggestion that Bermuda is a tax haven.
In effect, it declares that Bermuda ...
DATE: Sep 28, 2022
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
The Bermudian principals of the world’s next generation of electric ferries and water shuttles know that the launch will draw a lot of international attention.
And with such global scrutiny, they see a huge benefit in ensuring the financial planning ...
DATE: Aug 30, 2022
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
A Bermuda company expects to deliver in the near future a new class of waterway vessels powered entirely by sustainable energy — vessels envisaged as the next generation of commercial ferries.
Breakthrough technology and preliminary approvals from a ...
DATE: Aug 17, 2022
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
The measure US president Joe Biden signed into law yesterday that raises taxes on US corporations does nothing to comply with a separately negotiated 137-country deal for a global minimum tax on the world's largest companies.
It is the latest sign th...
DATE: Aug 17, 2022
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor