Olympus settles with ex-chief Woodford after admitting lossmaking in Cayman Islands
Michael Woodford, the former Olympus chief executive, has reached an out-of-court settlement with the Japanese company for unfair dismissal. Mr Woodford was sacked just two weeks into his tenure after he raised questions about $1bn in suspicious payments made by…
Small island states plan to diversify into renewable energy
Linda Hutchinson-Jafar reports on the “Barbados Declaration” adopted at the Conference of Small Island Developing States held in Barbados earlier this month Many small island nations that depend on imported fossil fuels plan to diversify into renewable energy to free…
Cayman Islands Registered Chinese retailer draws record number of subscribers for Taiwan IPO
Grand Ocean Retail Group Ltd., a department store chain operator in China, has attracted a record 72,460 subscribers over the last three days for its initial public offering on the Taiwan Stock Exchange (TWSE), its underwriter said Wednesday. Yuanta Securities…
Political Scrapbook exposes MP’s free travel to Cayman Islands
A right-wing Tory MP has received more than £36,000 in free foreign travel in the last twelve months, Political Scrapbook can reveal. Controversial backbencher Andrew Rosindell clocked up the air miles across seven trips paid for by third parties —…
UN: Most of 108 killed in Syria were executed
(AP) — The U.N.’s human rights office said Tuesday that most of the 108 victims of a massacre in Syria last week were shot at close range, some of them women, children and entire families gunned down in their own…
Sisu responds to Coventry City FC probe – but remains cagey on Cayman Islands dealings
John Mutton is demanding investment in the Coventry City FC (Sky Blues). SKY Blues owners Sisu insist recent off-shore dealings in the Cayman Islands do not threaten the club’s immediate future. The hedge fund based in London’s Mayfair has responded…
Regional UN decolonisation seminar in Quito will discuss Cayman Islands
The UN Special Committee on the Situation with regard to the Implementation of the Declaration on the Granting of Independence to Colonial Countries and Peoples, also known as the Special Committee of 24, will hold its regional Pacific seminar on…
Saving Dominican forest and an elusive songbird
SAN FRANCISCO DE MACORIS, Dominican Republic (AP) — An elusive songbird that wings its way each year from austere mountaintops of the northeastern U.S. to the steamy forests of the Caribbean has inspired the creation of what conservationists hope will…
Cayman Islands hedge fund bank launched in Malta
FCM Bank, a Maltese bank owned by a Cayman Islands hedge fund and geared towards high net-worth individuals, was officially launched yesterday at its headquarters in Paceville. The bank is owned by the Fortelus Special Situations Master Fund Ltd, which…
Workers among 17 dead in latest big Italian quake
(AP) — Workers at the small machinery company had just returned for their first shift following Italy’s powerful and deadly quake earlier this month when another one struck Tuesday morning, collapsing the roof. At least three employees at the factory…
