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RBC’s 3-day digital woes an ‘absolute catastrophe’
Royal Bank of Canada (RBC) yesterday pledged it is “working diligently” to restore its digital banking platform with businesses branding the three-day woe as “an absolute catastrophe” for commerce.
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Shoppers warned: Don’t go broke for Christmas
A financial expert urged residents to take a “pause” and not to go broke this Christmas season while shopping.
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Airline workers sign agreement
AFTER several months of negotiations, Nassau Flight Services and the Airport Airline and Allied Workers Union (AAAWU) signed a five-year industrial agreement at the Office of the Prime Minister yesterday.
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‘No special treatment for FTX founder in prison’
ACTING Commissioner of Corrections Doan Cleare said former FTX CEO Sam Bankman-Fried is getting no preferential treatment in prison, adding that “all inmates are treated equally”.
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‘Buddy’ and Pacers beat Warriors, Curry hurt
INDIANAPOLIS (AP) — Tyrese Haliburton scored 29 points and the Indiana Pacers made 16 3-pointers to hold on for a 125-119 victory last night over the Golden State Warriors and Stephen Curry, who didn’t finish the game because of a left shoulder injury.
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Fredrick King has career night for Blue Jays
FREDRICK King had his second NCAA start and produced a career night for the Creighton Blue Jays.
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Abaco project generates $60m sales in one year
A HIGH-END Abaco resort project was yesterday said to have generated more than $60m in real estate sales in little over a year as its build-out gathers pace following the COVID-19 pandemic’s easing.
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Bahamian liquidators pledge $100m FTX payout recovery
FTX’s Bahamian provisional liquidators yesterday pledged to “claw back” the $100m payout to 1,500 Bahamian clients as they blasted the failed crypto exchange’s US chief for “inflaming and untrue” statements.
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US prosecutor confident on Bankman-Fried case
US PROSECUTORS yesterday voiced confidence they have sufficient evidence to convict FTX’s embattled founder, Sam Bankman-Fried, on charges that he “misappropriated billions of dollars of customer funds”.
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Bay Street demolitions to boost Downtown’s revival
THE Deputy Prime Minister yesterday said the Government has demolished five derelict Bay Street properties over the past year to make way for downtown Nassau’s revival.
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Tourism next year ‘the best ever’
TOURISM, Aviation and Investments Minister Chester Cooper says he anticipates that tourism arrivals for next year will “be the best” the country has ever seen, with forward bookings for the first half of 2023 already showing promising signs.
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Minister quiet on Christmas decor cost
AMID some criticism over the national Christmas tree decorations, Youth, Sports and Culture Minister Mario Bowleg shied away from revealing the cost of the project, adding that he found no issue with the aesthetics.
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Congresswoman hopes arrest will see Bankman-Fried held accountable
UNITED States Congresswoman Maxine Waters expressed hope that former FTX CEO Sam Bankman- Fried’s arrest and arraignment will signal him being held accountable for the alleged “fraud” he committed leading to the giant crypto exchange firm’s disgraceful fall, affecting as many as one million people.
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FTX’s US chief hits PM, AG over ‘total stonewall’
FTX’s new US chief has accused the Prime Minister and Attorney General of “a complete stonewall” over his push for The Bahamas to embrace the US legal system as the primary venue for solving the collapsed crypto exchange’s woes.
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‘Shut down’ on FTX $300m Bahamas assets safeguard
FTX’s Chapter 11 chief yesterday alleged to the US Congress that efforts to obtain “clarity” over the Securities Commission’s action to safeguard $300m in client assets had been “shut down” by The Bahamas.
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Bran: New pharmaceutical price controls are ‘a stretch’
A former Democratic National Alliance (DNA) leader yesterday said coping with the pharmaceutical industry’s new price control regime was “certainly a stretch” as it had left his family’s business operating at a loss.
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Winning bidder for Grand Bahama Airport picked
AFTER several months of deliberation, the government has selected the winning bidder for the redevelopment of the Grand Bahama International Airport.
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National debt shrinks - but only falls $21m
The Bahamas’ national debt enjoyed its first quarterly contraction for years during the three months to end-September 2022, the Central Bank revealed yesterday, although the decline was a modest $20.7m,
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Govt to offer proposal to BPSU members today
THE Davis administration plans to present its final proposal to the Bahamas Public Service Union (BPSU) today, State Minister of Public Service Pia Glover-Rolle said yesterday. She is hopeful a new industrial agreement can be signed before the end of the year.
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Public servant concerns ‘to be resolved by first quarter next year’
STATE Public Service Minister Pia Glover-Rolle said yesterday that by the first quarter of next year the government is aiming to resolve the long-standing concerns of public servants from the Ministry of Social Services.
