Archive for October 17th, 2018
FCO: Current balance of power is right
(CNS): The FCO stated in submissions to the House of Commons Foreign Affairs Select Committee that it believes the current balance of power between Britain and its territories is broadly the right one. The document, submitted ahead of this week’s hearings by the committee reviewing the relationship with the UK and the British Overseas Territories, makes […]
Sunshine Suites and Westin sold to Japanese investors
(CNS): Two of Grand Cayman’s leading hotels have been sold to a Japanese investment company for more than $340 million. Invincible Investment Corporation has bought the 343-room Westin resort on Seven Mile Beach, which caters to the high-end tourism market, and the more budget line, but very popular, Sunshine Suites across the street. Pyramid Hotel Group, […]
Driver charged 7 months on for fatal Brac crash
(CNS): A 37-year-old man from Cayman Brac has been charged with causing death by dangerous driving and refusing to provide a specimen of blood in connection with a crash on Cayman Brac at around 11pm on 27 February, in which Sharon Gayle-Clarke (51), a Jamaican nurse resident on the Brac, was killed. The accused man was […]
Airport business goes to usual traders
(CNS): The Cayman Islands Airports Authority (CIAA) has finally revealed the winning bidders that have secured the lucrative retail, duty-free and food and beverage concessions in the departure hall at the renovated Owen Roberts International Airport.
Son accused of trying to sell elderly father’s property
(CNS): A George Town man appeared in Grand Court on Wednesday, accused of trying to sell his elderly father’s land and property without permission. Admiral ‘Andy’ Anderson Jr is facing 13 forgery charges relating to his alleged attempts to dispose of the family’s assets and pocket the money. As crown counsel Toyin Salako presented the […]
Resident dies at 7 Mile public beach
(CNS): A 68-year-old-resident died this morning after getting into difficulty on Seven Mile Beach. Police said emergency services were called to the beach location shortly after 8:30am following a report that the man was in distress. CNS understands that the man was in the water when he was found unresponsive and taken to the Cayman Islands […]
Former Cayman banker cleared by top Swiss court
(CNS): Rudolf Elmer (62), who leaked documents to WikiLeaks after he was fired from the Cayman branch of a Swiss bank, has been cleared of breaking Switzerland’s bank secrecy laws by the country’s supreme court. Swiss prosecutors had appealed the acquittal of the former employee of the Zürich-based bank, Julius Baer, but the justices on the […]
Cayman National sells off 54% of stock
(CNS): The Republic Bank of Trinidad and Tobago (Barbados) Ltd has bought a majority share in Cayman National Corporation just over two months after it made an unsolicited offer. An announcement from Republic said that at the end of business on Friday it had received notice from Cayman National that shareholders were willing to sell more than […]
