Author Archive: Bernews1

Videos: National Gathering For Prayer Service

A combined group of religious leaders hosted the National Gathering for Prayer to Awaken the Nation yesterday [May 16] at City Hall, with one Bishop urging Government to “exercise biblical caution” and to not make a “lethal mistake.” A statement from the group prior to the meeting said, “As our nation faces some dire issues –... Read more of this article

AME Church Oppose Human Rights Amendment

The AME Church said they oppose the Human Rights Act amendment to include protection from discrimination based on sexual orientation as “legislation that endorses homosexuality violates God’s Word.” The statement from the Church comes as the Bermuda Government prepares to table the amendment today [May 17], on a day which also happens... Read more of this article

Video: Sailor En Route To Bermuda Rescued

The U.S. Coast Guard rescued a Bermuda-bound sailor from his disabled vessel approximately 195 miles southeast of Cape Cod on Thursday morning [May 16]. The 30-foot sailing vessel Arabella had departed Connecticut on May 14 and was en route Bermuda. After the Coast Guard received the distress call, a HC-144 Ocean Sentry aircraft crew and an MH-60 Jayhawk... Read more of this article

Global Investment Basket Delists From BSX

The Bermuda Stock Exchange [BSX] announced the voluntary de-listing, of Global Investment Basket Limited following the maturity of the security on 06 May, 2013. The De-listing from the BSX is effective from Monday, 06 May, 2013. Related Stories Global Specialised Directorate Changes Bermuda Stock Exchange Report: Oct 13 2014 Close Shave For BSX President... Read more of this article

3-Foot Long Snake Found On Golf Course

A three foot long snake was found at the Tucker’s Point Resort this afternoon [May 16] and it has been transported to the Bermuda Aquarium, Museum and Zoo and euthanized. The snake — likely a Black Racer or similar species — was found on the golf course. Officials said that “given the significant impacts that any snakes, especially... Read more of this article

Thursday: Greys Anatomy/Scandal Viewing Party

A Greys Anatomy and Scandal television viewing party will be held this evening [May 16] at The New Captain’s Lounge on Reid Street, with the dual season finale viewing running from 9:30pm – 1:00am. The programmes are two of ABCs top viewed shows and the brainchild of Shonda Rhimes. The Bermuda Grey’s Anatomy/Private Practice online... Read more of this article

PLP: ‘Downgrade Should Serve As Wake Up Call’

Today’s downgrade and negative outlook by Moodys should “serve as a wake up call to the OBA”, and the new negative outlook is a “likely result of the OBA’s lack of a credible plan of action to address Bermuda’s deficit,” Shadow Minister of Finance David Burt said this afternoon [May 16]. Moody’s downgraded Bermuda’s... Read more of this article

Moody’s Downgrades Bank Of Butterfield

Shortly after Moody’s announced they downgraded Bermuda’s rating to Aa3 and changed the outlook to negative earlier today [May 16], they confirmed they downgraded the ratings of the Bank of N.T. Butterfield & Son Limited. The rating outlook is stable. A statement from the ratings agency said, “The downgrade reflects Butterfield’s... Read more of this article

PLP Leader: “Government Silent On Gaming”

[Updated with video + statement] Five months into the One Bermuda Alliance’s term “we have seen no movement” on a gaming referendum, and the “Government is silent on this important issue,” Opposition Leader Marc Bean said this morning [May 16]. “We have heard much talk about human rights, municipality reform and SAGE... Read more of this article

Moody’s Downgrades Bermuda’s Rating To Aa3

[Updated] After placing the island on “review” last month, ratings agency Moody’s today [May 16] formally downgraded Bermuda’s rating to Aa3 and changed the outlook to negative. A statement issued by the Company said, “The downgrade was prompted by the steep rise in government debt and the lack of an economic recovery from the... Read more of this article

Photo Set #1: 12th Annual Alpha Beautillion

On Sunday [May 12] 4 outstanding male high school students took to the stage to compete in the twelfth Annual Alpha Beautillion sponsored by the Brothers of the Alpha Phi Alpha Fraternity Incorporated, Epsilon Theta Lambda Chapter, Bermuda. Held at the Ruth Seaton James Auditorium for the Performing Arts, the crowd lingered with anticipation and excitement... Read more of this article

Everest Re Directors Declare Dividend

Bermuda-based Everest Re Group, Ltd. announced on Wednesday [May 15] that its board of directors declared a dividend of $0.48 per share payable on or before June 19, 2013 to all shareholders of record as of June 5, 2013. In addition, the company’s directors increased the share repurchase authorisation by an additional five million shares. Related... Read more of this article