Greek euro exit no longer unthinkable
(AP) — Let Greece go: It’s a possibility that’s being considered more and more publicly in Europe. There have been two and a half years of bailouts, on top of broken promises by Greece to reform. The result: a fifth…
Offshoring jumps as cash-strapped companies step up outsourcing
The global economic crisis is sparking a boom in IT offshoring as India’s major IT suppliers grew four times faster than their competitors in 2011. India’s largest IT suppliers grew four times faster than their international competitors in 2011, as…
Cayman Finance welcomes offshore research study
Cayman Finance today welcomed the results of an independent study on due diligence across offshore centres which places the Cayman Islands as one of only two countries to request internationally accepted standards for identity documentation in the due diligence process….
Twin car bombs in Syrian capital kill dozens
(AP) — Twin suicide car bombs exploded outside a military intelligence building and killed 55 people Thursday, tossing mangled bodies in the street in the deadliest attack against a regime target since the Syrian uprising began 14 months ago. The…
Russian jet crash puts Indonesian sales in limbo
AP) — The crash of a new, Russian-made jetliner into a jagged, Indonesian volcano during a flight to impress potential buyers threw doubt on dozens of plane sales Thursday just as Moscow seeks a comeback in foreign markets. All 45…
Obama, backing gay marriage, on fundraising tour
(AP) — President Barack Obama said Vice President Joe Biden got “a little bit over his skis” in publicly embracing gay marriage, forcing Obama to speed up his own plan to announce support for the right of same-sex couples to…
Deloitte refuse to hand over documents from Cayman Island’s registered Chinese firm
Deloitte may be banned from practicing with publicly listed American companies, if it loses a legal battle in the United States. The Securities and Exchange Commission has ordered a legal action against the Big4 firm in connection with its refusal…
“Don’t do it again” – Warning for travellers after horse race on Cork road
THE TRAVELLERS’ GROUP Pavee Point has warned those involved in the harness race on the Cork to Mallow road at the weekend not to even contemplate doing it again. A video of part of the race appeared on YouTube this…
Cyber Rays Robotics Team win at First Lego League World Invitational Tournament in Lakeland, FL
The Cayman Prep High School robotics team, and the only Robotics team in the Cayman Islands, the Cyber Rays, returned recently from Lakeland, FL, where they competed in the First Lego League World Invitational tournament. The tournament, held between May…
Deal done in Cayman Islands that could decide the Vodafone India Tax Case
As the British telecommunications company Vodafone Group and India’s finance ministry edge ever closer to a full-blown confrontation over taxes related to Vodafone’s $11.1 billion acquisition in India, a key issue may be the India-Netherlands Bilateral Investment Treaty, signed between…
