- Kittiwake image wins international recognition
- Despite hurricanes, Caribbean economies grew in 2017
- Winter Olympics coverage sparks broadcast row
- Cayman artists to take center stage at Harquail
- Cayman filmmakers to shoot in Cuba
- Grand Cayman schools hit by disease outbreak
- Grand Cayman grouper population lags behind
- Bodden Town car fire adds to growing list
- Cayman agencies to attend US child abuse forum
- Stabbing case goes to Grand Court
Twenty years after a computer, IBM’s Deep Blue, beat a reigning chess world champion, Garry Kasparov, for the first time, machines have made another extraordinary breakthrough.
Government officials in the Bahamas are attempting to stay abreast in the competition for attracting international investors and businesses. The island nation recently passed the Commercial Enterprises Bill, which makes it easier for foreign companies to land there and obtain permits for non-Bahamian workers.
On Dec. 5, the EU Council agreed, after long debate, haggling and horse trading, on a blacklist of 17 countries that the European finance ministers consider uncooperative in tax matters. They also voted on a commitment list of 47 countries that would be deemed uncooperative, according to the EU’s own criteria, had they not agreed in writing to remedy their shortcomings by the end of 2018.
Dr. Stephen Klasko said he is optimistic that within the next 10 years, the healthcare industry will be radically transformed. Technology will be the primary driving force behind that transformation, according to Dr. Klasko and others who spoke at the 25th annual Cayman Captive Forum.
New anti-money laundering regulations have been adopted in the Cayman Islands which, from May 31, 2018, will apply to unregulated investment entities as well as regulated funds and more traditional financial services providers.
Year to date, global financial markets are on track to deliver some of the strongest cumulative returns on record. Similarly, broad-based U.S. equity indices are experiencing double digit returns above the 20th percentile as of writing. In the words of John C. Williams, president and chief executive officer of the Federal Reserve Bank of San Francisco, “The economy is in a good place.”
Not least since the Panama Papers, media around the world have tirelessly repeated allegations that offshore financial centers are secrecy havens that enable financial crime.
With the looming decision by the European Union over which countries to put on a tax blacklist, Cayman should look elsewhere for new business says local attorney Anthony Travers.
Advisers agree the U.S. and Europe are probably 2018’s best bets, while forecasting modest returns in China and Japan, pondering the risky promise of “emerging” economies and minimizing the headwinds of inflation and unemployment.
A greater number of women may sit on the boards of Financial Times Stock Exchange 100 companies, but that does not mean women are achieving seniority.
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