Archive for February 3rd, 2023
Fed interest rate hike pushes up local mortgages
(CNS): The US Federal Reserve raised interest rates by a quarter percentage point this week, the eighth increase in less than a year in the battle against inflation. Though the hike was the smallest since March last year, it will still push interest rates on local loans and mortgages to at least 7.5%. This rapid […]
Couple denies seized cash was from illegal source
(CNS): A local couple from George Town are expected to face trial later this year after they both denied allegations that they were in possession of over CI$5,000 in cash that was the proceeds of crime. The money was seized by police on 2 July last year when Shantal Rene Rankin (22) was stopped during […]
Chickens not the target of new conservation rules
(CNS): No one is going to jail for feeding animals in their own yards, even wild chickens, the Department of Environment has said. The regulations relating to the control of alien species come into force today, but over the last week social media has exploded with misinformation about the new rules, which have been drawn […]
Driver pulls imitation gun in road rage crash
(CNS): A 33-year-old man from West Bay has been arrested in relation to the possession of an imitation firearm and a number of other offences after he allegedly pulled a gun on another driver following a road crash in West Bay Wednesday evening and then led the police on a high-speed chase. The suspect caused […]
Fire crews damp down hotspots at dump
(CNS): The Cayman Islands Fire Service (CIFS) was called to the George Town Landfill Wednesday morning responding to a report about heavy smoke emitting from the remaining open area where garbage is currently being dumped. When they arrived, the firefighters found that there was visible smoke in three areas but no open flames and no […]
Suspected Russian gun smuggler bailed for $30k
(CNS): Anton Parygin (45), who was arrested at Owen Roberts Airport at the weekend after three firearms were found in his luggage, has been released from jail after he posted a $30,000 bail and surrendered his three passports. Parygin, who is a Russian national but also has Canadian and Israeli citizenship, will be staying at […]
Over 34,000 foreign workers fuel population explosion
(CNS): The latest figures on foreign workers in the Cayman Islands highlight the population explosion that many believe is having a negative impact on the environment, putting a strain on local resources and affecting the cost of living. According to the numbers released to CNS by WORC this week in response to an FOI request, […]
