Author Archive: Bernews1

Bermuda Business Summit Starts Tomorrow

Minister of Business Development and Tourism Wayne Furbert today said that he will host a Bermuda Business Summit tomorrow [Aug 30] at the Fairmont Hamilton Princess. With more than 100 attendees the Summit is intended to give an update on Government’s efforts to promote and grow International Business.Premier and Minister of Finance Paula Cox... Read more of this article

Police: ‘Misleading Photo’ Of Bullet Holes In Car

A photo presently making the BB, email and social media rounds showing a police car with two bullet holes in one of its windows is not a Bermuda police vehicle, the police said today [Aug 29]. The police said they “strongly discourage: individuals from forwarding unsubstantiated and mischievous messages via social media, and the senders “might... Read more of this article

Chess: Bermuda Lose To Norway In Istanbul

The Bermuda team of Clevert Bacchas, James Dill, Gary Cooper, Michael Radford and Jamel Warren began taking part in the International Chess Festival in İstanbul, Turkey. Bermuda opened their tournament going down 4 – 0 to Norway. Norway’s Elsness Frode defeated Clevert Bacchas 2498-1944, Hansen Torbjorn then defeated James Dill 2469-1923, Urkedal... Read more of this article

Upcoming: BDOT Sand Sculpting Competition

The Bermuda Department of Tourism’s Bermuda Sand Sculpture Competition will take place on September 1st, 2012 at Horseshoe Beach. On August 30 and 31st there will be clinics at Horseshoe Beach each evening from 6 p.m. to 7.30 p.m. where residents and visitors can learn about the tips, tricks, tools and techniques of sand sculpting. Director... Read more of this article

Maiden Holdings Closing Of $150M Share Offering

Bermuda-based Maiden Holdings today [Aug 29] announced that it has closed its underwritten public offering of $150 million of its 8.25% Non-Cumulative Preferred Shares with a liquidation preference of $25.00 per share. The offering was priced on August 22, 2012. Total net proceeds from the offering were approximately $145.0 million, after deducting... Read more of this article

OBA: Debt Levels Grown Over 700% Since 2005

[Updated with video] Government’s interest payments on the debt amount to $230,000 dollars a day, which take away its ability to fund other areas such as public services, support for teachers, and ferry/bus maintenance, OBA candidate and spokesman for the Shadow Board on Finance Sylvan Richards said at a press conference this afternoon [Aug 29]. A... Read more of this article

Minister Minors: Nail Technician Training Initiative

[Updated with video] A new programme to train Bermudians in the cosmetology field will be getting underway next month, Minister of Economy, Trade and Industry Patrice Minors said today [Aug 29]. The Certified Nail Technician Programme is being undertaken in partnership with the National Training Board, the Bermuda College and industry partners. Classes... Read more of this article

Janeiro Tucker, Lionel Cann Players Of Week

Logic and the Bermuda Cricket Board announced that the Logic Premier Division Player of the Week is Janeiro Tucker, and the Logic 1st Division Player of the Week is Lionel Cann. Mr Tucker scored 104 not out off 89 balls including seven 4s and nine 6s; a strike rate of 117. He also took 2 wickets for 15 runs off 5.3 overs in the Southampton Rangers... Read more of this article

‘Catherine’ Leading In Tour de Turtles Bermuda

Two weeks into the “Tour de Turtles Bermuda” Catherine is in the “lead” of the pack of turtles. The “race” got underway on August 14th, with green turtles fitted with GPS satellite transmitters setting off on their three-month tour. The programme is designed to use satellite technology to allow scientists to discover more... Read more of this article

U.S. NOAA Research Ship Docked In St George’s

The largest vessel in the U.S. National Oceanic and Atmospheric Administration [NOAA] fleet is presently docked in St George’s. The ship — named Ronald H. Brown — travels worldwide supporting scientific studies to increase understanding of the world’s oceans and climate. Their official website describes the ship: “NOAA... Read more of this article

Bacci & Fairmont Earn Certificates Of Excellence

TripAdvisor, the world’s largest travel site, has recognized The Fairmont Southampton and their on-property Italian restaurant Bacci with their Certificate of Excellence. This award honors businesses that consistently earn top ratings from travelers and is only given to the most exceptional performers in TripAdvisor’s global business community.... Read more of this article

Canadian Appeal Court Overturns Securities Ban

The British Columbia Securities Commission’s attempt to bar two Bermudian stockbrokers from trading stock in B.C. was overturned by the B.C. Court of Appeal. The Vancouver Sun reports that: “The case dates back to December 2007, when the U.S. Securities and Exchange Commission filed a civil complaint alleging Brian and Scott Lines, principals... Read more of this article