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FTX Bahamas demanding $9.15bn from US affiliates

FTX’s Bahamian liquidators are seeking to recover a total $9.15bn from the crypto exchange’s US entities with some 84 percent of this sum involving assets that were “misappropriated” prior to its late 2022 collapse.

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Financial crimes rise 54% to five-year-high

Financial crimes reported to the Royal Bahamas Police Force (RBPF) surged by 54 percent to 830 incidents in 2023 and representing a five-year high.

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Financial crimes rise 54% to five-year-high

Financial crimes reported to the Royal Bahamas Police Force (RBPF) surged by 54 percent to 830 incidents in 2023 and representing a five-year high.

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Great-grandmother of Bella Walker hopes child's mother ‘learns from her mistakes’

THE great-grandmother of murdered toddler Bella Walker says she hopes the child’s mother when she is released from prison will have learned from her mistakes and will raise two of her children differently than how she raised Bella.

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Forward Sammy Hunter and Akron Zips win season opener

SAMMY Hunter, fitting in quite well into his new environment, was among five players in double figures as the University of Akron Zips men’s basketball team blew past South Dakota State 81-75 in a road victory to begin the 2023-24 season on Monday night in Brookings, South Dakota.

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Bahamas ‘still in good position’

The Bahamas men’s national basketball team may have dropped a “disappointing” game to Puerto Rico in their rematch of the FIBA 2025 AmeriCup Qualifier on Sunday night.

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Men’s national basketball team splits wins with Jayhawks

TEAM Bahamas, with the newest addition of Phoenix Suns guard Eric Gordon, split games 1-1 against the University of Kansas (KU) Jayhawks this past weekend in Puerto Rico.

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Uriah McPhee primary school expected to open today with staggered learning

DOMINIQUE McCartney-Russell, acting director of Education, said the Uriah McPhee Primary School is expected to open today with staggered learning that will see some students return today and others next week.

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STATESIDE: Messi makes and impact on Miami sports with a look at Mas Canosa’s impact on Cuban-US relations

WE all know about the close ties The Bahamas maintains with South Florida. It’s hardly a secret that the legal as well as the illegal commerce between us has over many decades proven to be enduring, necessary, lucrative and quite creative. Miami-Dade County has 30 “sister city” agreements with foreign municipalities around the world, including one with The Bahamas. And one of Miami’s two “friendship city” relationships is with Barcelona which might prove to be prophetic, as we will see.

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Stranded passengers may get distressed rate for hotel stay

PASSENGERS who find themselves stranded at Lynden Pindling International Airport due to unexpected circumstances may be given a helping hand as part of discussions between Nassau Airport Development (NAD) and hotels.

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‘Hunger should not be a barrier to learning’

HUNGER should not prevent any child from attending school, Prime Minister Philip “Brave” Davis said as the government’s new free breakfast programme was launched on Monday.

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Jonquel Jones on a roll in postseason

New York Liberty to face Las Vegas Aces in Game 4 of WNBA Finals tonight

GRAND Bahama native Jonquel “JJ” Jones has been on a tear in the postseason which helped the New York Liberty to keep their championship window open on Sunday in an elimination game against the Las Vegas Aces.

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Senate’s vice-president attends trade conference

THE Senate’s vice- president represented The Bahamas at a recent trade and economic conference in his role as the Trade Commission’s deputy chairman.

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BPL hikes ‘blow up’ Abaco living costs

Abaco business owners yesterday revealed their electricity costs more than doubled in just one month as Bahamas Power & Light’s (BPL) fuel cost recovery strategy consumes an ever-increasing share of corporate cash flows.

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BPL Workers Union votes strongly in favour of strike

MORE than 1,000 Bahamas Electrical Workers Union members voted to strike in a ballot on Friday, resulting in a 99 percent “yes” vote unofficially, according to union president Kyle Wilson.

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‘Structural vulnerabilities’ weigh on robust growth

Standard & Poor’s (S&P) yesterday forecast Bahamian economic growth for 2024 will fall back to historical trends at 1.8 percent as it warned that such levels, together with “structural vulnerabilities”, weigh on improved credit ratings.

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Charisma books her ticket to Olympics, Shaunae back on track

VERSATILE Charisma Taylor booked her ticket to the 2024 Olympic Games in Paris, France and birthday girl Shaunae Miller-Uibo proved that she’s on her way back for another appearance at the Tom Jones Memorial at the Percy Beard Track in Gainesville, Florida.

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Snob effect

ActivTrades

Whether it is fine whisky or trendy Warhol painting, many things are becoming more expensive, even for the ultra-wealthy. This leads to a bull market in luxury properties because many rich people are eager to demonstrate to their community how bulging their wallets are.