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U.S. upgrades its weather forecasting system, but still lags behind competitors
BY ANDREW FREEDMAN From Mashable The National Weather Service (NWS) has completed a major upgrade to its main supercomputers, which are now processing weather data in four dimensions instead of three. The move will result in more accurate weather forecasts,…
Letter to FT From Anthony Travers May 16 2016
From Financial Times UK Sir, Toby Quantrill of Christian Aid (“UK can take lead on regulation of tax havens”, May 12) seeks to perpetuate an unsustainable myth. A cursory review of the publicly available information would have revealed the true…
iNews Briefs & Community Events
Cayman Islands’ Dress Down Day Supports Student Meals The Department of Children and Family Services (DCFS) and Feed Our Future is hosting its annual Child Month dress down day on Friday 27 May, 2016 in Grand Cayman, Cayman Brac…
RCIPS: Police urge public to take personal safety seriously while out at sea
From RCIPS CAYMAN ISLANDS: Police responded to an incident this past holiday weekend which again highlights the need for members of the public to take their personal safety more seriously while boating. Just before 8PM yesterday, 16 May, the 9-1-1…
Saudi Arabia owns $117 billion of U.S. debt [Cayman Islands owns $265 billion of U.S. Treasuries]
by Matt Egan From CNN Money One of the biggest mysteries in global finance was just revealed: How much U.S. debt Saudi Arabia owns. Saudi Arabia stockpiled $116.8 billion of U.S. Treasuries as of March, the Treasury Department announced on…
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Caribbean Energy Information Systems broadens regional network to Cayman Islands
By Tomeica Gunn JIS Contributing Writer From PRIDE CARIBBEAN, April 28 (JIS) — The Caribbean Energy Information Systems (CEIS) Department of the Scientific Research Council (SRC) has increased its regional network with the recent addition of The Cayman Islands. The regional energy…
Ogier cites Cayman listings growth in Taiwan IPO market
After a relatively challenging year in 2015, demand is increasing for Cayman listing vehicles for IPOs on the Taiwan Stock Exchange (TWSE) according to law firm Ogier, which is now acting as Cayman Islands counsel on more F-Share (foreign company)…
ECLAC and GIZ join forces
ECLAC and GIZ join forces as Trinidad Energy Minister, German Ambassador and senior policy makers discuss the future of Caribbean energy efficiency High level decision makers make ready to seize the many opportunities to be gained through initiatives in renewable…
IMF warns St Kitts-Nevis to brace for potential drop in citizenship investment
By LK Hewlett From Caribbean News Now BASSETERRE, St Kitts (WINN) — The International Monetary Fund has once again warned St. Kitts and Nevis against relying on revenue from its citizenship by investment (CBI) program. A team from the IMF,…
Major foreign investors like JPMorgan, HSBC, Goldman okay with Sebi proposal for tightening P-Note rules
From Economic Times NEW DELHI: As Sebi readies to tighten its rules for controversy-ridden P-Notes, major foreign investors including JP Morgan, HSBC, UBS and Goldman Sachs have supported the proposed provisions for immediate reporting of any breach to the regulator…
