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There appears to be some relief in sight for importers and eventually consumers, as there are signs that the costs of containers across major shipping routes are plunging, The Economist is reporting. Analysts believe it may mean some relief for globa...

AltFi Capital Management Ltd has launched AltFi Capital Opportunities Ltd, a Bermuda Professional Class B fund. Founded and based in Bermuda, AltFi is an alternative investment manager with a specialisation in digital assets. AltFi offers investors ...

A leading catastrophe modeller says Hurricane Ian’s total costs will exceed $100 billion and be the most expensive hurricane Florida has ever seen. And the Karen Clark & Company flash estimate has now put the privately insured losses from the hurrica...

A KBRA rating agency report on credit risks suggests that the Federal Reserve’s “near singular focus over the near term on taming inflation runs the risk of overshooting its goal of curtailing demand, thereby increasing the risk of a hard landing.” T...

The reality of the new Bermuda economy has forced a major pharmacy to permanently cut the number of hours it will remain open. People’s Pharmacy said in a statement: “recognising that customer activity has changed, and there is reduced foot traffic i...

Bermuda reinsurers are expected to take claims in stride from Hurricane Ian, which made landfalll in Florida yesterday

After languishing on a register of shame instituted by European governments, Bermuda appears set to be “white-listed” by the European Union. It is the ultimate answer to any suggestion that Bermuda is a tax haven. In effect, it declares that Bermuda ...

100 Women in Finance in Bermuda hosted its first hybrid event this month, sponsored by Bermuda Clarity Institute. 100 Women in Finance is a global network of professionals in the finance and alternative investment industries working together to empow...

On-air talent at Bermuda’s Channel 82 will go international from its Cemetery Road studios. The channel streams live 24/7 and on the company website channel82.bm, as well as Channel 82 on One Comm’s Bermuda Cablevision. A depository of 10 years of lo...

A London investment chief in Bermuda this week criticised US president Joe Biden for what some have described as careless remarks during an interview on the CBS television news show 60 Minutes, aired on Sunday night. The US president, in an unscripte...