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3 jili No. 8 Kentucky flying high ahead of Western Kentucky meeting“Bermuda must be ready for heightened competition from rival jurisdictions as the island’s first tax on corporate profits takes effect,” said Christian Dunleavy, Chair of the Association of Bermuda International Companies [ABIC] and Group President, Aspen Insurance Holdings and CEO Aspen Bermuda Ltd. A spokesperson said, ”Bermuda’s Corporate Income Tax [CIT], which will apply at a rate of 15% to Bermuda businesses that are part of multinational groups with annual revenue of €750 million or more, will come into effect in January 2025. Speaking at ABIC’s AGM, Mr. Dunleavy stressed the importance of guarding against complacency and ensuring the island remains an attractive business domicile.” “Bermuda is about to embark on the most significant change to our economic model in our history and the impact on Bermuda’s competitiveness should not be underestimated,” Mr Dunleavy told an audience of ABIC members at O’Hara House, home of AXA XL. “Bermuda has long been about more than tax competition, and that includes areas that influence the cost of doing business in Bermuda, which include tax, but also regulation, quality and access to affordable healthcare, red tape and hiring practices. “Capital and people are increasingly mobile, particularly in a world where 15% is the new zero tax. Other financial centres, existing and aspiring, sense an opportunity to entice Bermuda’s world-class companies and leaders to their shores.” An investment promotion agency had been on island last week, touting the attractiveness of their country and incentives, he added. “The ease and cost of doing business have been critical to Bermuda’s success, but they are probably even more critical to our future success, punctuated by the Bermuda triangle of collaboration between industry, government and the BMA,” Mr Dunleavy said. “High-tax, high-regulation countries can make themselves competitive in two ways. One is by imposing global taxes and increased regulation on smaller, more business-friendly countries to reduce their competitive edge. The other is to make themselves more competitive. Both of these dynamics are happening today with renewed vigour. “Bermuda, as a small financial centre, can only do the latter, protect and continually enhance our own competitiveness. Our international businesses are not afraid of competition, nor should Bermuda be. “Responding to these global pressures by focusing on the areas within our control to enhance our competitiveness and attractiveness is crucial — lowering our cost structure, eliminating bureaucracy, maintaining appropriate regulation, and making sure Bermuda is a great place to live and work.” A spokesperson added, “Mr. Dunleavy said ABIC supported the Government’s goal of increasing the working population to combat Bermuda’s demographic challenges. He added that ABIC’s member companies have a strong track record of hiring, educating and developing Bermudians, alongside the global talent they bring in, a trend illustrated by the increasing number of Bermudians in senior roles.” “We know from our data that one IB job creates 1.33 local jobs,” Mr. Dunleavy said. “Career opportunities will only continue over the coming years as this growing pipeline of Bermudians in IB moves up the ranks. Bermudians and overseas talent are not in competition with each other. This is not a zero-sum game. We mutually benefit from each other’s shared experiences and expertise.” A spokesperson added, “ABIC’s Chair added that IB and Bermudian interests were remarkably aligned, particularly in the desire to see a healthy tourism industry as a strong second pillar of a diverse Bermudian economy.” “IB, like Bermudians and Bermudian businesses, benefits from increasing airlift and hotel capacity,” Mr. Dunleavy said. “The current restricted hotel capacity and airlift is directly impacting the cost of doing business in Bermuda. It’s increasingly difficult to secure reasonably priced flights and hotel rooms for our staff, customers, visiting colleagues and board meetings. “IB is a major contributor to business tourism. We welcome the reopening of the Fairmont Southampton in 2026, hopefully the redevelopment of Elbow Beach and other hotel investment. We also support efforts to increase airlift, including BermudAir’s recently announced expansion of routes.” Mr. Dunleavy expressed ABIC’s support for the Government’s aim to increase residential housing in the city of Hamilton, helping to create a vibrant city centre, while supporting retail businesses and nightlife. “A residential city is also critical to government’s population goal, while easing pressure on our limited and delicate open space in the parishes,” Mr. Dunleavy said. “It can create new economic opportunities for local companies and lower the cost of housing for all of us, providing a new rung on the housing ladder for first-time homeowners and young Bermudians at a more affordable price point. “So, 2025 marks a significant moment in Bermuda’s economic development. Our continued success and growth will depend on all of us working together on a shared vision and effective execution of that. Bermuda’s best days can be ahead, and ABIC and its members look forward to continuing to play our role in Bermuda’s success story.” A spokesperson added, “Recapping ABIC’s activities in 2024, Mr. Dunleavy detailed new vision and mission statements, updated after a survey of members and a strategic review: “Vision: To help make Bermuda a domicile where international companies choose to come and stay because they will benefit from access to qualified talent, a community that values their presence and an internationally competitive environment that evolves with the changing times. “Mission: ABIC partners with Government, IB and the community, to ensure that Bermuda is an internationally competitive domicile, where both international companies and the broader community thrive. “As part of its mission, ABIC hosted discussions with policymakers, community organisations and thought leaders, including the Premier and Minister of Finance; the Minister of Economy and Labour; the CEO of the Bermuda Monetary Authority; the Chair of the Tax Reform Commission and the Commissioners; and representatives of Bermuda Reserve Police, among others. Discussions focused on topics including economic development, growing the working population, global minimum tax, regulatory amendments, community engagement, and the immigration process. “Mr. Dunleavy also thanked Patrick Tannock, who retired this year after nine years as ABIC Chair and a 40-year insurance career, for his “unwavering commitment, time, talent and passion that have greatly benefited ABIC and all stakeholders”. Mr. Tannock will remain on the ABIC Board of Directors. : ,

Andrew Cuomo has joined the new high-powered legal team defending Israeli Prime Minister Benjamin Netanyahu against alleged war crimes in Gaza after the International Criminal Court issued an arrest warrant for the Jewish leader Thursday. The disgraced ex-governor discussed his new role to thunderous applause Sunday night while addressing the National Committee for the Furtherance of Jewish Education. “This is the moment that counts. This is the moment that is going to be in the history books. ...This is the moment that true friends stand up, shoulder to shoulder and fight for the State of Israel,” Cuomo said at the Edison Ballroom in Times Square. “I am proud to be on the legal defense for the prime minister against the arrest warrant at the ICC and I am proud to stand against antisemitism.” Alan Dershowitz, the former Harvard law professor and defense lawyer, is assembling the legal team to defend the embattled Israeli leader, which he first announced in a Wall Street Journal column. The tribunal in The Hague accused Netanyahu and fired-Defense Minister Yoav Gallant of “crimes against humanity and war crimes” through Israel’s military campaign in the Palestinian enclave after Oct. 7. Netanyahu is the first leader of a modern Western democracy to be wanted by the world’s top war crimes court. The ICC also issued an arrest warrant for Gallant. Other elected officials were in attendance Sunday, including Cuomo rival state Attorney General Letitia James, who commissioned the scathing investigative report regarding sexual misconduct claims against the ex-governor that triggered his resignation. But Cuomo, who resigned in 2021 facing the threat of impeachment over the accusations he denies, is now considering a political comeback positioning himself as a moderate while he mulls a run for New York City mayor. Cuomo blasted the New York Times in a statement Sunday for the paper’s refusal to call out antisemitism in its headline regarding the murder of Rabbi Zvi Kogan — which said the rabbi “disappeared” and was “found dead” in Dubai. “Rabbi Kogan was not “found dead”, he was murdered. There is a disturbing pattern whereby some in the media — and particularly the @nytimes — downplay antisemitic acts,” Cuomo wrote. During his speech Sunday night, Cuomo said, “[Kogan] didn’t go missing and his body wasn’t found. He was taken by terrorists and he was murdered. And that’s antisemitism.” Earlier Sunday, US Rep. Ritchie Torres (D-Bronx) also condemned the Times for its portrayal of the killing. “Contrary to the NY Times, Rabbi Zvi Kogan did not just “disappear” in Dubai. He was abducted and murdered because he was a Jew,” Torres said. “The media should call the kidnapping and killing of Rabbi Kogan exactly what it is: an act of antisemitic terror.” Torres is toying with a political run of his own against Democratic Gov. Kathy Hochul. The congressman has unleashed an onslaught of recent attacks against the Hochul’s leadership, calling her the “new Joe Biden.” Cuomo had no comment about Torres’ political future.

Illinois Tool Works Inc. (NYSE:ITW) Shares Sold by GSA Capital Partners LLPBaltimore (7-4) at Los Angeles Chargers (7-3) Monday, 8:15 p.m. EST, ESPN/ABC BetMGM NFL odds: Ravens by 3. Against the spread: Ravens 5-5-1; Chargers 7-3. Series record: Ravens lead 9-5. Last meeting: Ravens beat Chargers 20-10 in Inglewood, Calif., on Nov. 26, 2023. Last week: Ravens lost to Pittsburgh 18-16; Chargers beat Cincinnati 34-27. Ravens offense: overall (1), rush (2), pass (3), scoring (2). Ravens defense: overall (3), rush (26), pass (2), scoring (23). Chargers offense: overall (18), rush (12), pass (19), scoring (18). Chargers defense: overall (11), rush (11), pass (12), scoring (1). Turnover differential: Ravens plus-2; Chargers plus-8. K Justin Tucker missed two field goals last week and is under pressure after spending most of his career beyond reproach. He’s missed six field goals on the season and is 4 for 12 from 50-plus yards since the start of last season. WR Ladd McConkey had a career-high 123 yards on six receptions against Cincinnati. The rookie came up with clutch catches of 28 and 27 yards to set up the game-winning touchdown. Chargers RB J.K. Dobbins vs. Ravens’ run defense. Dobbins showed promise during his time in Baltimore, but he never was able to live up to that potential because of injuries. Now in Los Angeles on a one-year “prove it” contract, Dobbins has nearly matched his most productive season as a professional with 726 yards and eight touchdowns in 10 games. After seeing Pittsburgh run the ball 34 times last week, the Chargers will be glad to copy that bruising approach with Dobbins. The Ravens are allowing 77.5 rushing yards per game, but even the sturdiest defense can buckle against that volume of work, so getting off the field will be critical. Baltimore’s defense has a couple of significant injury concerns. LB Roquan Smith (hamstring) left last weekend’s game, and S Kyle Hamilton has been nursing an ankle problem, although he played against the Steelers. ... Chargers OLB Khalil Mack (groin) didn’t play against Cincinnati. If the veteran pass rusher remains out this week, it would be a big loss to the chances of containing the Ravens' multi-faceted offense. The Ravens have won four straight over the Chargers in the regular season, but Los Angeles did earn a 23-17 AFC wild-card round upset in January 2019. ... Baltimore cruised to a 34-6 win over the Chargers in its first visit to SoFi Stadium on Oct. 17, 2021. Ravens RB Derrick Henry leads the NFL with 1,185 yards rushing and 15 total TDs (13 rushing and two receiving). He’s also run for a league-high 52 first downs. ... Henry is one rushing TD shy of the Ravens’ single-season record, set by Jamal Lewis in 2003. ... Baltimore QB Lamar Jackson is 6-2 on “Monday Night Football” with 20 TD passes and no interceptions. ... Henry is one of four players in the Super Bowl era to score a TD in each of the first 11 games of a season. The others are O.J. Simpson (1975), John Riggins (1983) and Jerry Rice (1987). ... The Ravens have scored touchdowns on a league-best 77.8% of their red zone trips. ... Jackson needs 124 yards passing and 16 yards rushing for a second consecutive season with 3,000 passing and 600 rushing. Since the AFL-NFL merger, only Randall Cunningham (1988-1990), Cam Newton (2011-12), Josh Allen (2021-22) and Jalen Hurts (2021-23) have accomplished that feat. ... Dobbins ran for two touchdowns against Cincinnati, giving him multiple scores in two of his past three games. He did it twice in 24 games as a Raven. ... OLB Tuli Tuipulotu had 1 1/2 sacks of Bengals QB Joe Burrow, his third straight game with more than one. All seven of Tuipulotu’s sacks this season have come in the past four games, and six of his eight tackles for loss have come in that span. ... The Chargers allowed a season-worst 27 points to Cincinnati after holding each of their previous nine opponents to 20 points or fewer. ... QB Justin Herbert has thrown one interception in 277 attempts this season. That lone pick came in Week 2 at Carolina. ... The Chargers lost their fifth turnover of the season when Herbert fumbled to start the fourth quarter. It was their first turnover at home. ... Los Angeles does not have a takeaway in its past two games. Herbert has heated up after a slow start in terms of fantasy production, having thrown for multiple touchdowns in three of his past four games. He is likely to keep that success going this week. Baltimore has allowed 22 scores through the air, which is tied with Houston for second most in the league, and Herbert should have plenty of chances to add to that total in what could be another high-scoring matchup. AP NFL:

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