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Former FTX chief Sam Bankman-Fried jailed for 25 years

Crypto entrepreneur Sam Bankman-Fried was sentenced on Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency.

‘Make the switch’: 2.6% growth below forecasts

THE Bahamas must “make the switch” to focus on medium to long-term economic goals after it was revealed yesterday that 2023’s 2.6 percent real GDP growth came in below expectations.

Mistaken suspect tells of panic as he tried to drink sewer water in cell

A MAN who was arrested - but then released - after an armed robbery of Quality Supermarkets on Tuesday claimed officers humiliated him, and he felt forced to drink sewer water to stay hydrated after suffering a panic attack while in custody.

Treasure Cay gets ‘break we’ve waited 35 years for’

TREASURE Cay stands poised for “the break we’ve been waiting for for 35 years” after a Florida-based developer last night confirmed he has a “binding” deal to acquire the Abaco development.

Bahamians conflict on broker’s US client pull

Bahamian executives have given conflicting evidence over whether a local broker/ dealer used marketing deals with day trading schools to circumvent US laws against soliciting American clients.

PI resort proposal expands units 46%

The former Paradise Harbour Club’s proposed redevelopment is being expanded to a seven-storey hotel featuring a 46 percent increase in units compared to earlier plans.

Nassau/PI beating forecasts after ‘hair raising’ crime woe

NASSAU/Paradise Island resorts were yesterday said to “all” be beating expectations heading into the peak Easter weekend as the sector rebounds from the “hair-raising” crime alert fall-outs.

‘Big question mark’ on Boating Act insurance

CONCERNS were yesterday raised over whether there is sufficient local insurance capacity to meet the new Boat Registration Act requirements as one carrier deemed the sector “too risky” to cover.

Regulator pledges probe into BPL’s fuel charges

REGULATORS yesterday again pledged to investigate Bahamas Power & Light’s (BPL) fuel charge and how this is calculated to ensure consumers are protected after last year’s up to 163 percent hikes.

Legal win for Sandals on ex-butler sex claims

SANDALS Royal Bahamian and its parent have won two legal victories in just over a month against a US couple who generated massive global publicity in making claims of indecent assault against an ex-butler.

GAIN AN EDGE – Sophia Walker: BTVI helping to boost and enhance employment skills

IT has been over ten years since Sophia Walker began serving on Programme Advisory Committees (PAC) of the Bahamas Technical and Vocational Institute (BTVI).

50% 'grease the wheels' bribe findings accurate

The Bahamian Contractors Association's (BCA) president says findings that almost half of firms seeking construction permits are asked, or expect, to pay a bribe are "accurate" amid a "grease the wheels" culture.

IDB: Bahamas Internet costs, speed miss mark

Broadband Internet costs and speeds represent potential barriers to The Bahamas embracing the digital economy and improved competitiveness, a multilateral lender has warned.

Albany chief in 'devastating and self-inflicted humiliation'

Albany's principal investor has admitted that pleading guilty to securities fraud is "a devastating and self-inflicted humiliation I will have to live with for the rest of my days".

Shock as tornado hits woman’s home

A TORNADO ripped through Deidre Miller’s South Ocean Boulevard home on Saturday, leaving behind a damaged roof, shattered glass and torn-down doors.

AG blasts ‘utter foolishness’ of France’s Bahamas blacklisting

The Attorney General has slammed France’s decision to keep The Bahamas on its national tax blacklist as “complete and utter foolishness”.

Bahamasair industrial deal raises pilot retirement age

Bahamasair and its pilots have agreed to raise the latter’s retirement age to 65 to alleviate any fears of labour shortages as part of Friday’s $500,000 industrial agreement.

DPM’s alarm: ‘Shockingly low’ GB Carnival port participation

The deputy prime minster has warned Grand Bahama businesses not to be “passive observers” of the island’s economic revival after their initial participation in Carnival’s $600m port project was “shockingly low”.

Tennis ace Sydney Clarke closes out Senior Day

AS she was honoured with three of her team-mates on Senior Day, Sydney Clarke felt it was only fitting to show her gratitude by securing a victory for the University of Arlington at Birmingham women’s tennis team.

ERIC WIBERG – Palowna & Orestes, 1826 Spanish slavers wrecked in The Bahamas

MANY slave ships met their end in the Bahamas, but not many know of an awkward period between when Britain outlawed the trade in slaves in 1807, and slavery itself, in 1834.

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