Russia (Bloomberg), MOSCOW: The Bermuda Supreme Court will consider the liquidation of IPOC International Growth Fund Ltd, which holds assets in Russian telecommunications companies, including OAO MegaFon. read more..

Bermuda (AFP), HAMILTON: There were few surprises when Bermuda announced on Monday its 15-member squad to take part in the World Cup which is being staged in the Caribbean for the first time. read more..

USA (Bloomberg), WASHINGTON: RenaissanceRe Holdings, a Bermuda-based reinsurer, will pay $15 million to settle accusations it created an accounting "cookie jar" to help smooth earnings in bad years, the US Securities and Exchange Commission has said. read more..

Kenya (AFP), NAIROBI: Bermuda suffered the worst possible start to their World Cup preparations when they slumped to a 10-wicket defeat to Kenya in the opening match of the ICC World Cricket League on Monday. read more..

Kenya (AFP), NAIROBI: Bermuda will be out to shed the tag of being the underdogs in the ICC World Cricket League Division One when they renew rivalry with Kenya in the opening match on Monday. read more..

HAMILTON, Bermuda (Reuters): Bermuda's new premier could call elections within the next few weeks or months in the wealthy British island to take advantage of turmoil in the opposition party over allegations of internal racism. read more..

HAMILTON, Bermuda: The world's top golfers are set to gather in Bermuda this year for the PGA grand slam, which will feature an impressive showcase of talented players. The tournament will be in Bermuda from October 16 to October 17. read more..

GEORGE TOWN, Cayman Islands: Consolidated Water Co. Ltd has announced the signing of a Design, Build and Operate (DBO) contract with the government of Bermuda for the Tynes Bay Desalination Plant on the north coast of Bermuda. read more..

England (Bloomberg), LONDON: Hardy Underwriting Plc may decide to redomicile to Bermuda, adding to an exodus of Lloyd's of London insurers seeking to take advantage of lower tax rates. read more..

Cayman Islands, GEORGE TOWN: The long-delayed inquest into the 2005 death in Bermuda of wealthy businessman, and long-time resident of the Cayman Islands, Dimitri Pappas, will finally get under way on 23 January 2007, according to Dwayne Caines, of the Bermuda Police Service (BPS). read more..

Trinidad, PORT OF SPAIN: Haiti stormed to victory against Bermuda on Sunday with a 2-0 win in the Group J opening match in Ato Boldon stadium, Trinidad. Haiti, supported by a loyal band of vocal supporters, dominated the opening minutes of the match. read more..

AMSTERDAM, Holland (Reuters): Dutch authorities released Bermuda-based businessman and oil tycoon John Deuss on Friday, a court spokeswoman said. Deuss has not been interrogated for a while and the public prosecutor considered detention no longer necessary for the investigation. read more..

BOSTON, USA (Reuters): Bermuda, already a popular home for hedge funds because of generous tax breaks, enacted a new law designed to help the island become an even more popular investment center, an industry association said on Tuesday. read more..

KINGSTON, Jamaica: The final qualification Group J of the Digicel Caribbean Cup has had to be moved from the originally proposed venue of Bermuda from December 12 -16 to now being held in Trinidad from January 5-7, 2007. read more..

MIAMI, USA (Reuters): The end-of-season PGA Grand Slam of Golf, which brings together the winners of the year's four majors, will move to the island of Bermuda for the first time next year. read more..

NAIROBI, Kenya (Reuters): Kenya will stage a pre-World Cup competition next year for Bermuda and the five other top associate teams heading to the March-April tournament in the Caribbean, officials said on Tuesday. read more..

USA, NEW YORK: Dr Ewart Frederick Brown, the charismatic Minister of Tourism and Transport on the island of Bermuda has been promoted. Dr Brown, who was also Deputy Premier, is now the Premier of the Atlantic island after defeating Alex Scott in a battle for the leadership last month. read more..

Barbados, BRIDGETOWN: The opening match of Tuesday’s Digicel Caribbean Cup Group G double header at the National Stadium in Bridgetown Barbados, saw Bermuda emerge as easy victors over a spirited Bahamas side. read more..

WASHINGTON, USA (AFP): Bermuda residents, along with citizens of the United States, Canada and Mexico, will need to present passports on entering US territory starting January 23, the Homeland Security and State departments announced Wednesday. read more..

LONDON, England: Britain's Higher Education Minister, Bill Rammell, has announced proposals to enable students from the British Overseas Territories, including those in the Caribbean, to be treated as home students for fee purposes at institutions in the United Kingdom. read more..

MOMBASA, Kenya (AFP): Kenya captain Steve Tikolo scored his second career century to lead his side to a comfortable 105-run win over Bermuda in the third and final one-day international at the Mombasa Sports Club on Tuesday. read more..

MOMBASA, Kenya (AFP): Kenya wrapped-up an easy seven-wicket win over Bermuda on Sunday to take an unassailable 2-0 lead in the three-match series between the two World Cup finalists. read more..

NEWPORT, USA: Six extraordinary sailors from the Newport to Bermuda Race’s 100-year history will be honoured on Monday at the Bermuda Race Centennial Gala at New York City’s University Club. The biennial 635-mile Bermuda Race has hosted more than 4,500 boats since 1906. read more..

NAIROBI, Kenya (AFP): The ICC Intercontinental Cup match between Kenya and Bermuda was declared a draw Wednesday without a ball being bowled for the second consecutive day following heavy rains at the grounds. read more..

AMSTERDAM, Netherlands (Reuters): Dutch authorities will hold Dutch businessman and oil tycoon John Deuss for up to three months while they investigate money laundering and other illicit activities, a spokeswoman for prosecutors said. A Dutch court first ruled he could be detained for two weeks. read more..

NAIROBI, Kenya (AFP): Bermuda's West Indian coach Gus Logie said Friday he was hoping the upcoming tour of Kenya and South Africa will help prepare his side for their first-ever World Cup next year. read more..

HAMILTON, Bermuda (Reuters): Promising to improve social services, Ewart Brown was sworn in as Bermuda's new premier on Monday after ousting three-year incumbent Alex Scott in a leadership challenge. Brown upset Scott in a vote by Progressive Labor Party delegates and lawmakers. read more..

NAIROBI, Kenya (AFP): Kenya will play fellow 2007 World Cup finalists, Bermuda, in three one-day match series in the Indian Ocean port city of Mombasa next month, Kenyan cricket officials said on Monday. read more..

HAMILTON, Bermuda (Reuters): Bermuda prepared to appoint a new premier on Saturday after the ruling party ousted three-year incumbent Alex Scott for his former deputy and tourism minister. Ewart Brown, 60, upset Scott 107 to 76 ln a vote by the Progressive Labour Party. read more..

England (Bloomberg), LONDON: Hiscox Plc, a Lloyd's of London insurer drawn by Bermuda's zero percent tax rates and lighter regulation than in Europe, said it will be incorporated there in December. read more..

AMSTERDAM, Netherlands (Reuters): A court has allowed Dutch authorities to hold a Dutch businessman and oil tycoon for 14 days for questioning about money laundering and other illicit activities, a prosecution spokeswoman said on Tuesday. John Deuss, 64, arrived in the Netherlands on Friday. read more..

AMSTERDAM, Netherlands (Reuters): John Deuss, the Dutch businessman and oil tycoon wanted for questioning about money laundering and other illicit activities, has arrived in the Netherlands, Dutch news agency ANP reported. Deuss, 64, was arrested in Bermuda. read more..

HAMILTON, Bermuda (Reuters): John Deuss, wanted in Europe for questioning about money laundering and other illicit activities, will leave his exile home in Bermuda and hand himself over to authorities in Holland, read more..

HAMILTON, Bermuda: Caribbean mobile telecommunications operator, Digicel, has announced that David Hunter, a ten-year telecommunications expert, has been appointed as Country Manager for Digicel Bermuda. read more..

HAMILTON, Bermuda (Reuters): A Dutch businessman and oil tycoon wanted in Europe for questioning about money laundering and other illegal activities has been arrested in Bermuda, authorities said on Saturday. Police took John Deuss, 64, into custody on Friday. read more..

HAMILTON, Bermuda (Reuters): Bermuda's Deputy Premier Ewart Brown resigned on Thursday, vowing to fight for the leadership of his party and tiny island nation. read more..

NEW YORK, USA: Fitch Ratings, a leading global credit rating agency, has downgraded Bermuda Commercial Bank's (BCB) short-term rating to 'F2' from `F1' and its Individual Rating to `C' from `B/C.' read more..

HAMILTON, Bermuda (Reuters): Consolidated Water on Monday said it received a contract to build and operate its first seawater desalination plant in Bermuda. read more..

LONDON, England (Reuters): Omega Underwriting is set to move to Bermuda, the UK insurer said on Monday, joining peers including Catlin and Hiscox, highlighting concerns about London's ability to compete with the tax haven. read more..

HAMILTON, Bermuda (Reuters): The lights were back on in most of Bermuda on Tuesday after the British territory's close encounter with Hurricane Florence, while two more storm systems revved up in the Atlantic far from land. read more..

HAMILTON, Bermuda (Reuters): Hurricane Florence bashed Bermuda on Monday with pounding surf and powerful winds that knocked out power to about 25,000 homes and businesses on the mid-Atlantic British island. Wind gusts of 100 miles per hour brought down electricity lines. read more..

HAMILTON, Bermuda (Reuters): Bermuda's government told residents to prepare for powerful winds and high seas on Sunday as Hurricane Florence headed toward the British Atlantic territory and looked poised to strengthen. The storm's maximum sustained winds were at 90 mph. read more..

MIAMI, USA (Reuters): Tropical Storm Florence headed for Bermuda as a large mass of gusty rain on Friday and seemed ready to strengthen into a hurricane before hitting the British territory, US forecasters said. Bermuda issued a hurricane watch before nightfall. read more..

MIAMI, USA (Reuters): Tropical Storm Florence will send dangerous swells over the eastern US coastline as the unusually broad cyclone churns northwest in the Atlantic toward Bermuda, forecasters warned on Thursday. The storm's center was about 930 miles southeast of Bermuda. read more..

MIAMI, USA (Reuters): Tropical Storm Florence slowly strengthened in the open Atlantic on Wednesday and could grow into a hurricane as it nears the British territory of Bermuda, US forecasters said. Florence is the sixth tropical storm of the Atlantic hurricane season. read more..

GEORGE TOWN, Cayman Islands: It is now one year and one month since the body of Cayman Islands businessman, Dimitri Pappas, was discovered hanging in a clothes closet in Bermuda on 20 July 2005 and the official inquiry to unearth the facts relating to his death has been repeatedly postponed. read more..

LONDON , England (Reuters): A British judge has awarded the ex-wife of a Bermuda-based insurance magnate 48 million pounds in what is believed to be the biggest contested divorce award in British legal history. read more..

HAMILTON, Bermuda (UPI): A fisherman was lucky to escape from a 14-foot marlin that impaled him and knocked him overboard during a tournament in Bermuda. read more..

HAMILTON, Bermuda (Reuters): A drive-by shooting, a gunman spraying bullets into a bar and a teenager gunned down in his car in a gangland-style hit -- it's not the image that most people have of once-sedate Bermuda. read more..

England (Bloomberg), LONDON: Cable & Wireless Plc, the U.K.'s second-biggest phone company, offered to buy KeyTech Ltd. for about $205 million in cash to expand in Bermuda. read more..

USA (Bloomberg), NEW YORK: Bermuda-based Marvell Technology Group Ltd., a maker of chips for laptop computers, has said the U.S. Justice Department and Securities and Exchange Commission are investigating the company's stock option plan. read more..

England (Reuters), LONDON: The International Cricket Council (ICC) will give more than $9 million to Bermuda and five other associate member countries in an effort to raise standards before the 2011 World Cup. read more..

England (Bloomberg), LONDON: The former executive director of Langbar International Ltd., a Bermuda-based investment company which is missing 370 million pounds ($673 million), is being investigated by U.K. accounting regulators. read more..

LONDON, England (Reuters): UK-listed insurer Hiscox Plc said on Tuesday it had made a good start to the year and was progressing in its possible move to redomicile to Bermuda. read more..

USA (Bloomberg), NEW YORK: Quanta Capital Holdings Ltd., a Bermuda insurer that stopped selling new policies last month, said it was downgraded by rating service A.M. Best Co., sending it into default on its line of credit. read more..

Greece (Bloomberg), ATHENS: IRF European Finance Investments Ltd., a Bermuda-based investment fund, has agreed to buy as much as 30 percent of the Greek lender Proton Investment Bank. read more..

Commentary: The Dilemma of Dependence March 7, 2006

Caribbean territories that remain overseas territories of the United Kingdom or departments of France and The Netherlands face a dilemma: how to balance a desire for greater autonomy with the benefits they receive? read more..

France (AFP), PARIS: The Jamaican bobsleigh team, the inspiration behind the Cool Runnings film of the 1990s after their 1988 debut at Calgary, have already got a feel for the Cesana track at the 2006 Winter Olympic Games in Turin. read more..

NEW YORK, USA: JetBlue Airways will begin two daily nonstop flights between New York’s John F. Kennedy International Airport and Bermuda starting May 4, subject to receipt of government operating authority. read more..