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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.
Inflation to stay ‘high’ as food costs up 11%
The Central Bank yesterday warned Bahamian consumers that inflation will remain “high” in the near-term, and decline more slowly than in other countries, with food and drink prices rising 11 percent over the year to end-June 2023.
Central Bank ease ‘won’t open mortgage avenue’
The Central Bank’s recently-unveiled regulatory easing is unlikely to “open up a new avenue of mortgages” being issued to Bahamian home buyers, a senior banker said yesterday.
Judge says no to gag order in Gibson case
A Supreme Court judge cautioned the press yesterday to report accurate information concerning Adrian Gibson’s corruption trial after deciding not to impose a gag order barring journalists from reporting the case.
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.
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.
Atlantis supervisor of woman on jury duty scolded by Judge
A SUPREME Court judge in the Adrian Gibson corruption trial declined to fine an Atlantis supervisor yesterday, but reprimanded her for allegedly telling a juror to take vacation leave while on jury duty.
Jonquel Jones and Liberty get set to face Mystics
Jonquel Jones and the New York Liberty wrapped up one of their best regular seasons in franchise history and will now battle against the seventh-seeded Washington Mystics tonight to start their postseason run.
‘VJ’ Edgecombe and Donovan Freeman fall to east 88-86
BAHAMIANS Valdez “VJ” Edgecombe and Donovan Freeman took the court for the 2024 McDonald’s All-American Game at the Toyota Center in Houston, Texas on Tuesday.
Banks see 30% profits increase
Bahamian commercial banks collectively enjoyed a 30 percent year-over-year profit increase to $109.2m during the 2023 second quarter due to rising interest income, it was revealed yesterday.
BGDBA Playoffs: Cybots and Avengers go up 1-0 in first round
The Bain and Grants Town Cybots and Airport Authority Avengers nabbed the first wins in their round one playoff matchups.
Sports Notes
THE New Providence Basketball Association continued its regular season action with a pair of games played at various gyms on Friday and Saturday night.
Jurors sworn in after lengthy selection process in Gibson trial
A NEW jury was empanelled yesterday in Adrian Gibson’s corruption trial after a lengthy selection process that dismissed several candidates because of their ties to the accused or witnesses.
Court of Appeal rejects Adrian Gibson's constitutional motion
THE Court of Appeal rejected Adrian Gibson’s latest constitutional motion on Friday, paving the way for his corruption trial to begin on Monday.
Jonquel Jones helps Liberty take Game 3 of WNBA Finals, avoid sweep
NEW YORK (AP) — Jonquel Jones scored 27 points and Breanna Stewart added 20 to help the New York Liberty beat the Las Vegas Aces 87-73 yesterday in the WNBA Finals and force a Game 4.
SPORTS NOTES
THE Royal Bahamas Defence Force, through its title sponsor Fidelity Bank, will hold its annual Fun Run/Walk Race on Saturday, starting at 6am from Goodman’s Bay.
ACES BECOME FIRST REPEAT CHAMPIONS IN 21 YEARS: Las Vegas beats Jonquel Jones and New York Liberty 70-69 in Game 4
NEW YORK (AP) — The Las Vegas Aces became the first team in 21 years to win back-to-back WNBA championships, getting 24 points and 16 rebounds from A’ja Wilson and a defensive stop in the closing seconds to beat the New York Liberty 70-69 in Game 4 of the Finals last night.
Jonquel Jones and Liberty in 0-2 hole
LAS VEGAS (AP) — A’ja Wilson scored 26 points, grabbed 15 rebounds and the Las Vegas Aces routed the New York Liberty 104-76 last night to take a 2-0 series lead in the WNBA Finals.
Illegality of abortion is dangerous
Some 85 years ago, a doctor in England examined a 14-year-old girl and determined that she was sufficiently developed physically to carry her pregnancy to term.
Amateur golfers Gibson, Johnson miss the cut
It wasn’t the type of performance that Richard Gibson Jr anticipated in his return to the Latin America Amateur Championships.