European Central Bank cuts growth forecasts and holds rates
The European Central Bank (ECB) has revised down its eurozone growth forecasts for this year and next as “economic weakness extends into 2013”. ECB President Mario Draghi said the bank expected the bloc’s economy to shrink by about 0.5% this…
Sunday Morning at Rum Point, Grand Cayman
From the Boston Globe Sunday at Rum Point might be Grand Cayman’s biggest casual beach party. Caymanian singles and families alike arrive early to get a head start on a laid-back day at the beach. Casuarina trees along the sandy white strand…
82% Favour celebrating at least some religious holidays in school
From Rasmussen Reports Despite continuing legal challenges, more adults than ever favour the celebration of all religions in the public schools. Most also still believe religious displays should be permitted on public land. A new Rasmussen Reports national telephone survey…
BDO Ambition Survey shows economic and political uncertainty across the world
Martin Van Roekel, CEO says: The findings of this year’s BDO Cayman Islands Ambition Survey, released today, are a clear reflection of the impact of the economic and political uncertainty on businesses and investors across the world. Now in its…
HSBC may pay fine of $1.8 bn over money laundering lapses
From First Post HSBC Holdings might pay a fine of $1.8 billion as part of a settlement with US law-enforcement agencies over money-laundering lapses, according to several people familiar with the matter. The settlement with Europe’s biggest bank— which could…
Central Saanich councillor, living in Caymans, cites ‘unwarranted attacks’ in resignation letter
By Bill Cleverley, timescolonist.com Terry Siklenka has officially resigned from Central Saanich council, citing “unwarranted attacks” on his integrity. “It is not fair to put myself, my family, or this council in this perceived compromising position even though we have…
Italian Salvage Ships at the Galley Head
Paddy O’Sullivan traces the history of the Italian salvage company, Sorima, and describes its successful Ludgate operation off the Galley Head in 1934-35 On 19 May 1922, the ageing P&O liner, Egypt, departed from Tilbury, bound for Marseille and Bombay,…
Cayman’s Squash World Open gets ready for action
The Cayman Islands National Squash Association (CINSA) is hosting the 2012 Cayman Squash World Open taking place in the Cayman Islands December 13 -21 The tournament is attracting the best players in the world as can be seen from the…
Boat runs out of fuel and rescue ensues
An 18 foot boat which ran out of fuel while sailing between Grand Cayman and Little Cayman sparked a search and rescue operation this afternoon. About 12.10pm police received a report that the single engine Grady White, with two people…
Cayman Swimming in the UK
“A success with personal bests, Island Games and CARIFTA qualifying times and CIASA Records.” CIASA, Grand Cayman, 24 July 2012: Stingray Swim Club members Lara Butler, Geoffrey Butler and Matthew Courtis competed in the South West Regional Short Course Championships,…
