Archive for August 3rd, 2022
Inflation soars to record level of over 12%
(CNS): The consumer price index (CPI) increased by 12.1% in the second quarter of 2022 when compared to the same period in 2021, according to a release from the Economics and Statistics Office. The CPI was also up by 2.2% on the already recording-breaking levels of inflation for the first quarter of 2022.
Gunman’s sentence cut on appeal but conviction upheld
(CNS): The Cayman Islands Court of Appeal has reduced a sentence of five years and ten months down to five years following a partially successful appeal by Kurt Stephenson Carter (32), who is serving time for the possession of an imitation firearm with intent. Carter was caught on CCTV showing off and firing the weapon […]
Job losses and gains as Fidelity restructures bank
(CNS): Fidelity Bank (Cayman) Limited is in the process of “organisational transformation” following the acquisition by the PROVEN Group from the Fidelity Group earlier this year. While new jobs are being created, officials confirmed that four long-standing managers’ jobs have been lost as they “no longer fit with the structure of the company”, and those […]
Boat captain found guilty in deadly crash
(CNS): Sean Michael McDonald (39) has been found guilty of two counts of manslaughter and one of endangering life in connection with a deadly night-time boat crash in the North Sound near the Harbour House channel three years ago. Manuel “Manny” Brown (49), a former police officer from George Town, and his business partner, John […]