CIT impact on local business: Bermuda’s first year of corporate income tax is already showing clear winners and losers, with HSBC Bermuda booking a $44.3m tax expense on $295m pretax profits while some local banks fall outside the multinational threshold. Employment Tribunal enforcement: A new policy paper flags non-compliance with tribunal orders and proposes civil penalties up to $15,000 per affected employee, plus a public watchlist for repeat offenders. Affordable housing budget control: Housing Minister Zane DeSilva says the first phase of a $64m affordable project is “key in hand” with no overspend, after contracts were signed for 84 units in St David’s and Sandys. Crypto wealth management expansion: zerohash launched “Portfolio Strategies” to let brokerages and wealth platforms build and rebalance crypto portfolios through a single integration. Cybersecurity warnings: Government urged Fortinet users to act against the “FortiBleed” credential-harvesting campaign, while separate alerts warned of fraudulent Bermuda Post Office and DHL messages. Marine policy debate: Fishermen push back on proposed marine conservation closures under the Bermuda Ocean Prosperity Programme, arguing for licensing, data, enforcement and education first. Ocean science report: The Sargasso Sea Commission released a socio-ecosystem diagnostic analysis highlighting ecological and economic value beyond Bermuda’s waters. Aviation safety scare: An American Airlines flight bound for Bermuda aborted takeoff at Miami after a business jet entered the runway area; the FAA is investigating. Business moves & markets: Sixth Street agreed to take a majority stake in Monument Re; Butterfield shares jumped 3.5% on the BSX; Bermuda Stock Exchange reports continued with June 29 trading.