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Bermuda is a laggard in terms of Numbeo’s Local Purchasing Power Index for the new year. But the island remains firmly atop the Cost of Living Index. The database lists Hamilton as more than 50 per cent more expensive than “the Big Apple”, excluding ...

Congressional Republicans are claiming that US President Joe Biden’s promises over the global tax initiative amount to “global tax surrender”, creating higher taxes, fewer jobs for Americans and a windfall for foreign competitors. They say the Biden ...

A joint corporate pledge to reduce and eventually eliminate greenhouse gas emissions has hit a legal snag. The United Nations-convened Net Zero Insurance Alliance (NZIA) — with membership that began with 15 global insurance and reinsurance groups — h...

The distress in the friendly skies appeared to be abating on Thursday, but fear that the rollout of 5G in the United States would interfere with crucial aircraft systems continued to disrupt US-bound flights. Bermuda seemed little affected, as travel...

The Covid pandemic axe has fallen on a major cruise ship line. Representatives for its principals are this week in Bermuda’s Supreme Court scrambling to save the company from going bust. Crystal Cruises, the subsidiary, had its ship Crystal Serenity ...

The multilateral agreement to establish a global minimum tax is expected to have a negative effect on Bermuda, according to a leading ratings agency. In a review of the eight reinsurers followed by Fitch Ratings, the agency states that Bermuda’s adva...

The Bermuda Stock Exchange celebrated a major milestone, had record Insurance Linked Securities business, continued its growth in international debt listings and joined the Pyth Network in a year its operations were moved to new headquarters in the E...

Covid has struck a second branch of HSBC Bank. The Church street branch has been closed for days, with no indication when staff will be allowed to return to work. And the bank said Sunday that the Somerset Branch will now also be closed until Wednes...

A bidder for troubled cable television provider World on Wireless Limited has emerged which may prevent the company from going out of business. Following a winding up petition the company filed at the Supreme Court, Michael Morrison and Charles Thre...

A UK student campaign with branches at 50 UK universities is seeking an agreement from Stephen Catlin at Convex Insurance – a global insurer with a major presence in Bermuda – to pull away from insuring a controversial Australian coalmine. But Convex...