Business News

Walmart Hoarding Cash in BVI To Avoid Taxes
As the commercial used to say, “How do you think they got so rich?” Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn’t know it from reading the giant retailer’s annual report. A
Sipping the Light Fantastic: Cruzan Rum
The following light spirits are probably new to you. That’s because there exists a realm of award winning, world-class spirits that remains largely outside of the mainstream. We’ve culled through the huddled masses and selected the twelve most fascinating spirits you likely haven’t heard of. These artisan products are
EDITORIAL: Rum and coke and smoke
Another freezing winter had many Washingtonians daydreaming about heading south to put their toes in the sand and a drink in their hand. All is not paradise in paradise these days, however, and even a refreshing Bahama Breeze cannot be had without a hurricane of controversy. That’s because one
Opinion: Puerto Rican rum row is un-American
The Virgin Islands is implementing public-private partnerships that benefit our territory and the United States. In the middle of a recession, the territory’s leaders should be commended for keeping companies in America, generating significant direct and indirect economic activity, preventing thousands of government layoffs and funding construction of roads
Ending U.S. oil export ban would be good for the Virgin Islands
CHRISTIANSTED – Forty years after President Gerald Ford banned the export of crude oil from the United States amid supply worries, momentum is building to remove the restriction – and some of the benefits could spill into Caribbean oil refining-countries. With more Iranian oil re-entering the market if sanctions
Viking options Valor Energy Ltd. with plan to form a separate public company
ROAD TOWN, Tortola, BVI, June 30, 2015 /CNW/ – Viking Gold Exploration Inc. (TSX-V:VGC) (the “Company” or “Viking”), is pleased to announce that it has entered into a letter of agreement (the “Letter Agreement”) with Valor Energy Ltd. (“Valor”) granting Viking the option to acquire all of the issued and
America Gripped By ‘Economic Apartheid’
Former Labor Secretary Robert Reich says discriminatory housing policies have effectively segregated America, and housing vouchers, tax credits and an embrace of a Supreme Court decision handed down last week are the first steps toward fixing the problem. “We’re experiencing racial segregation on a much larger geographical scale than

Male Birth Control May Soon Be A Reality
RICHMOND — Despite scientific advances, birth control options for men remain limited to condoms or vasectomy. There are also wing-and-a-prayer options such as pulling out (withdrawal) and outercourse. Since half of all U.S. pregnancies are unintended, there seems to be a real need for additional family planning methods that don’t rely solely
V.I. SUPERMODEL HANNAH DAVIS FEATURED IN MORE DIRECTV ADS
CHARLOTTE AMALIE – DirecTV has increased the number of commercials in rotation that feature Virgin Islands supermodel Hannah Davis. Davis replaced actor Rob Lowe as the public face of DirecTV in April in commercials that are currently airing both locally and nationally. The commercials were shot in St. Thomas and show the