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Roaming the Web can lead to the blues. A Carnegie Mellon University study found Internet users feel more depressed and lonely the more time they spend online. One would have thought the Internet fostered more social interaction through chat rooms and...

astounding growth of Internet commerce. First Atlantic Commerce Ltd. aims to make Bermuda the offshore centre for Internet transactions by leveraging the Island's lack of corporate tax on profits. "This is huge,'' said First Atlantic chairman Steve C...

managing director Audette Exel is enthusiastic about the medical aid projects she hopes to start in those countries. Ms Exel and a group of partners, including Dr. Charles Swart, have set up The ISIS Foundation in Bermuda. The charitable trust and re...

Bermuda's low tax regime not only faces scrutiny from the Organisation for Economic Cooperation and Development (OECD) but also from the European Union (EU). EU tax commissioner Mario Monti has issued a draft directive proposing the EU's offshore cen...

Some of the Bank of Bermuda Ltd.'s mutual funds have come out tops when ranked against some of the best in the offshore world in 1997. The annual Standard & Poor's Micropal Guide to Offshore Investment Funds ranks the bank's Global Manager German Gea...

The Bermuda Telephone Co. Ltd. (BTC) has put up another hurdle against Government's attempt to introduce full competition in the local telecommunications market. BTC yesterday launched a Supreme Court appeal against an order by the Telecommunications...

Quantum Communications Ltd. has spent about $10 million building its voice and data network and wants to change the way a telephone company operates, president and chief executive officer Jim Sullivan said yesterday. "Many of you will remember Ernest...

The owners of the Palm Reef Hotel property have submitted new plans to the Planning Department, which if approved, would allow them to demolish the hotel and build 24 residential homes on the site. Previous plans submitted called for 41 homes for "up...

Island's rules restricting foreign ownership in local companies, The Bank of Bermuda is proceeding with getting a secondary listing on the NASDAQ stock exchange. Bank president and chief executive officer Henry Smith stated yesterday that the bank wa...

The Bermuda Connect Association began a campaign to expand membership in its secure electronic network for the Island last week. The network, currently made up of 21 member organisations with 2,500 users, has been operating on a trial basis using E-m...