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Saturday, August 7, 2010

MIAMI, USA (AFP) -- Tropical Storm Colin barreled towards Bermuda on Friday, with US forecasters saying the weather system could clip the island, or even pass directly over it, but was not likely to affect the US east coast.  At 11:00 am local time the storm was about 380 miles south-southwest of Bermuda. read more...



Thursday, July 15, 2010

HAMILTON, Bermuda (AFP) -- A tiny island surrounded by miles of empty ocean might not seem like the ideal terrain for an escaped prisoner on the run. But 24-year-old Alvone Maybury has evaded police in Bermuda for more than 36 hours -- and has still found time to update his Facebook page. read more...



Wednesday, June 2, 2010

VIENNA, Austria ((IPI/IFEX) -- The media in Bermuda on Tuesday announced their decision to set up a self-regulated media council in the country by 14 September 2010. The decision was announced in a joint statement which also highlighted a commitment by the media to jointly sign and adopt a Code of Practice. read more...



Saturday, May 22, 2010

BASSETERRE, St Kitts (CUOPM) -- St Kitts and Nevis Prime Minister Denzil Douglas began an official visit to Bermuda on Thursday. Prime Minister Douglas was greeted by a welcome party headed by Bermudian Premier, Ewart Brown at the LF Wade International Airport. Douglas will be in Bermuda until Tuesday. read more...



Wednesday, May 19, 2010

BRUSSELS, Belgium (AFP) -- Europe agreed the need for "strict" new curbs on the trillion-dollar hedge fund industry on Tuesday, despite stiff resistance from fledgling British finance minister George Osborne. EU finance ministers "agreed a mandate for negotiations with the European parliament". read more...



Tuesday, May 18, 2010

VIENNA, Austria (IPI/IFEX) -- The Bermudan government has drafted a controversial media bill that appears to have more in common with the media legislation of some of the repressive governments in Latin America, than with the First Amendment tradition of one of its close trading partners, the United States. read more...



Friday, May 7, 2010

BASSETERRE, St Kitts (CUOPM) -- St Kitts and Nevis Prime Minister Denzil Douglas is to visit Bermuda on an official visit. Douglas has accepted an invitation from the Premier of Bermuda, Ewart Brown. “Three out of every five Bermudian families can claim some ancestry in St Kitts and Nevis,” said Brown. read more...



Wednesday, April 21, 2010

BRADES, Montserrat -- Two senior members of government from Antigua & Barbuda and Bermuda will present case studies on their national ICT plans during the ICT Roadshow on Montserrat on Wednesday. Edmond Mansoor, who is the Minister of State in the Office of the Prime Minister, with... read more...



Wednesday, March 3, 2010

TORONTO, Canada (Reuters) -- Canadian Imperial Bank of Commerce said on Tuesday it acquired a 22.5 percent stake in Bermuda's Bank of NT Butterfield & Son Ltd. in a deal that expands its footprint in the Caribbean region. The acquisition is the latest step by CIBC to promote growth through minority partnerships. read more...



Wednesday, February 24, 2010

HAMILTON, Bermuda -- The World Insurance Forum (WIF), is returning to Bermuda after a highly successful 2008 event in Dubai. The 2010 WIF, to be held March 14-16, will, for the first time, feature four CEO panels that, over the two days of the event, will each discuss the critical issues confronting the industry. read more...



Tuesday, January 12, 2010

HAMILTON, Bermuda -- Bermuda will host next year’s meeting of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, an annual conference comprising approximately 200 delegates representing over 70 jurisdictions and international organizations. read more...



Tuesday, January 5, 2010

NEW YORK, USA (Reuters) -- Broker-dealer MF Global announced on Monday it had moved the corporate headquarters of its parent company, MF Global Ltd., from Bermuda to the US state of Delaware. MF Global has submitted an application to the New York Fed to become a primary dealer. read more...



Thursday, December 31, 2009

HAMILTON, Bermuda (Reuters) -- A JetBlue Airways passenger jet on a flight from Aruba to Boston made an emergency landing in Bermuda on Tuesday after the crew reported smoke in the cockpit, a local newspaper said on Wednesday, quoting fire service and airline officials. The Airbus A320 landed safely. read more...



Friday, December 11, 2009

COPENHAGEN, Denmark -- This headline is the attention-grabber written by The Bermuda Institute of Ocean Sciences (BIOS) in a news release issued on December 4, 2009. The oceans surrounding Bermuda are arguably the most comprehensively studied marine sites in the world. Established more than 100 years ago... read more...



Friday, December 11, 2009

HAMILTON, Bermuda -- Bermuda’s Minister of Finance Paula Cox has announced that Bermuda has concluded negotiations for a bilateral agreement that provides for a full exchange of information on criminal and civil tax matters between Bermuda and Belgium. Negotiations took place December 2 in Brussels. read more...



Wednesday, December 9, 2009

LONDON, England -- Minister responsible for the Overseas Territories, Chris Bryant, on Monday met elected leaders from five British Overseas Territories (OTs) in the Caribbean who are in London for the annual Overseas Territories Consultative Council (OTCC) on 8 and 9 December. read more...



Wednesday, November 4, 2009

HAMILTON, Bermuda -- Bermuda was all but a fright this Halloween weekend as thousands gathered to witness the all-star line-up of musicians and comedians who descended on Bermuda to honour the legendary Quincy Jones during the 2009 Bermuda Music Festival, which kicked off on Thursday night. read more...



Saturday, October 31, 2009

HAMILTON, Bermuda -- Bermuda's Deputy Premier and Minister of Finance, Paula Cox, said that the government of Bermuda welcomed the independent review of British offshore financial centres produced by Michael Foot and released on Thursday by the United Kingdom government. read more...



Friday, October 30, 2009

LONDON, England (Reuters) -- Britain's overseas financial havens should bump up taxes to wean their economies off credit crunch hit banking, insurance and funds services, a government commissioned report said on Thursday. The UK government signalled its backing for the report. read more...



Thursday, October 29, 2009

LONDON, England (IFEX) -- ARTICLE 19, a British-based organisation that defends and promotes freedom of expression and freedom of information all over the world, has produced a submission on the Public Access to Information Bill prepared by the government of Bermuda. "We very much welcome efforts... read more...



Tuesday, October 27, 2009

BASSETERRE, St Kitts (CUOPM) -- New flights by British Airways to St Kitts and other Caribbean destinations will mean an additional 2,000 seats to the region. BA will operate a total 55 flights a week from London to the Caribbean, with 11 destinations served from Gatwick and three from Heathrow. read more...



Thursday, October 22, 2009

MIAMI, USA (Reuters) -- US Open champion Lucas Glover coasted to a five-shot victory at the end-of-season PGA Grand Slam of Golf in Bermuda on Wednesday after firing a five-under-par 66. Two strokes ahead overnight in the elite 36-hole event, Glover posted an 11-under total of 131 at Port Royal Golf Course. read more...



Wednesday, October 21, 2009

SOUTHAMPTON PARISH, Bermuda (AFP) -- US Open champion Lucas Glover seized control on the first day of the PGA Grand Slam of Golf firing a course record six-under 65 Tuesday. Glover has a two-stroke lead over fellow American and British Open champion Stewart Cink at the Port Royal Golf Club course. read more...



Wednesday, October 21, 2009

HAMILTON, Bermuda -- Bermuda's Minister of Finance Paula Cox announced on Tuesday that Bermuda has concluded a bilateral agreement with Aruba that provides for a full exchange of information on criminal and civil tax matters between Bermuda and Aruba. The tax information exchange agreement... read more...



Tuesday, October 20, 2009

DUBLIN, Ireland (Reuters) -- Ireland has picked Matthew Elderfield, chief executive of the Bermuda Monetary Authority (BMA), as the new head of financial supervision at the Central Bank of Ireland, Governor Patrick Honohan said on Monday. Elderfield will take up his position in January 2010. read more...



Saturday, October 17, 2009

HAMILTON, Bermuda -- Bermuda has signed a bilateral agreement with Mexico that provides for a full exchange of information on criminal and civil tax matters. The signing of the tax information exchange agreement (TIEA) and Memorandum of Understanding took place in Mexico City. read more...



Monday, October 12, 2009

HAMILTON, Bermuda -- The Minister of Finance Paula Cox, announced last week that Bermuda has signed a bilateral agreement with France that provides for a full exchange of information on criminal and civil tax matters between the two countries. Currently, Bermuda has 16 signed TIEAs in place. read more...



Saturday, September 26, 2009

GEORGE TOWN, Cayman Islands (Reuters) -- Caribbean and Atlantic offshore finance centers are hitting back against attempts to portray them as shady tax havens and say world leaders are making them scapegoats for the global downturn. "It's not fair," said McKeeva Bush, political leader of the Cayman Islands. read more...



Saturday, September 19, 2009

WASHINGTON, USA (Bloomberg) -- The Internal Revenue Service is moving to bolster enforcement of a 2004 law that bars companies from avoiding US taxes by moving their headquarters offshore to Bermuda and the Cayman Islands. The action is the IRS’s latest effort to stop practices that let US companies avoid taxes. read more...



Saturday, September 12, 2009

LOS ANGELES, USA -- Legendary producer & composer Quincy Jones (or "Q" as he has come to be known amongst fans and friends alike) and boxing-turned-entertainment promoter Rock Newman this week unveiled the group of award-winning musicians that will assemble to perform with Quincy in Bermuda. read more...



Friday, September 4, 2009

HAMILTON, Bermuda -- Bermuda has been elected Vice Chair of the Steering Group of the new Global Forum at the 5th Meeting of the OECD Global Forum on Transparency and Exchange of Information
for Tax Purposes held in Mexico City September 1-2 2009.  Some 178 delegates from over 70 jurisdictions... read more...



Friday, September 4, 2009

FORT WORTH, USA -- Here's a simple way to save money on a trip to your favorite sunny destinations this fall: grab a great low fare on American Airlines and make a dash for an exciting spot in the Caribbean, the Virgin Islands, the Bahamas, or Bermuda. The choice is up to you and your imagination. read more...



Wednesday, September 2, 2009

NEW YORK, USA (Bloomberg) -- Bermuda-based insurers Argus Group Holdings Ltd. and Tremont International Insurance Ltd. reached a partial settlement of a lawsuit on behalf of policyholders over the companies’ investment with Bernard Madoff, court records show. read more...



Monday, August 24, 2009

HAMILTON, Bermuda (Reuters) - Hurricane Bill doused Bermuda with rain and battered its shores with powerful surf on Saturday as it moved on a path off the US East Coast. Residents of Bermuda, a 20 square mile island British territory and a center for the insurance industry, mostly stayed off the streets overnight. read more...



Saturday, August 22, 2009

HAMILTON, USA (Reuters) -- Bermuda advised its residents to stay off the streets on Friday to avoid rain, battering surf and flooding as Hurricane Bill followed a path between the island and the US East Coast. The core of the large hurricane was expected to pass west of Bermuda early Saturday. read more...



Friday, August 21, 2009

NEW YORK, USA (Bloomberg) -- The trustee liquidating Bernard Madoff’s business told a judge in the US Bankruptcy Court in Manhattan that two Cayman Islands and Bermuda hedge-fund firms accused of profiting from the fraud are ignoring his lawsuits seeking a total of $230.7 million in damages. read more...



Friday, August 21, 2009

HAMILTON, Bermuda (Reuters) -- Hurricane Bill weakened slightly on Thursday but was expected to regain power on a northwest ocean track that will take it between Bermuda, where inhabitants prepared for high winds and heavy seas, and the US East Coast. Bill is the first hurricane of the 2009 Atlantic season. read more...



Thursday, August 20, 2009

MIAMI, USA (Reuters) -- Powerful Hurricane Bill, a dangerous Category 4 storm with 135 mph (215 kph) winds, raged across the open Atlantic on Wednesday, days from land but on a path that could menace Canada's eastern provinces next week. Residents of Bermuda were warned to prepare for the storm. read more...



Wednesday, August 19, 2009

BOSTON, USA (Bloomberg) -- Hurricane Bill strengthened into a Category 3 major storm as it swirled through the Atlantic on a forecast course for Bermuda, the US National Hurricane Center said. Bill, the first hurricane of the Atlantic season, packed maximum sustained winds of almost 125 miles per hour. read more...



Tuesday, August 18, 2009

BOSTON, USA (Bloomberg) -- Hurricane Bill strengthened in the Atlantic and may grow into a major storm as it heads for Bermuda later this week, while tropical depression Ana dissipated in the Caribbean, the National Hurricane Center said. Bill packed maximum sustained winds of about 90 miles an hour. read more...



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