1609 results returned for search: "" category "Business" author David Fox, Business Editor
The government has threatened Bermuda’s banks to rein in escalating bank fees and globally-abnormal bank charges, or face government-imposed limits.
And a near 10 year old Progressive Labour Party promise to crack down on banks is a step closer to re...
DATE: Jul 04, 2022
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CATEGORY:
Banking
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AUTHOR:
David Fox, Business Editor
Bermuda’s premier publishing house, Bermuda Press (Holdings) Ltd, has reported half-year profits to the end of March of $190,000, down from $399,000 for the comparable period in 2021.
The company, which owns The Royal Gazette, said the income drop ca...
DATE: Jul 01, 2022
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
A leading local insurer has initiated a review of strategic alternatives which may include the sale of the company
DATE: Jun 30, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
Bermuda still has hundreds of Russian aircraft on its registry, long after Russian authorities claimed they had re-registered them to the Russian registry.
Aircraft cannot legally be registered in more than one jurisdiction.
But faced with global res...
DATE: Jun 29, 2022
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
Representatives for new digital bank Jewel continue to pave the way for new office space on Victoria Street to meet an ambitious start date in September.
But they have confirmed to The Royal Gazette that their first Bermuda office will not be Victori...
DATE: Jun 28, 2022
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CATEGORY:
Banking
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AUTHOR:
David Fox, Business Editor
David Burt, the Premier and Finance Minister, has told the British trade media that the London insurance market cannot survive without Bermuda.
The extraordinary observation was made during an interview with The Insurer TV, in which the Premier highl...
DATE: Jun 27, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
Borrowers will pay more for their loans and mortgages after Butterfield Bank raised its rates in response to the historic 75 basis point increase by the US Federal Reserve
DATE: Jun 16, 2022
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CATEGORY:
Banking
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AUTHOR:
David Fox, Business Editor
The Cayman Island Consumer Price Index increased by 11.2 per cent in the first quarter of this year when compared to the same period in 2021, the Cayman News Service has reported.
The CNS commented that residents of the Cayman Islands have been livin...
DATE: Jun 15, 2022
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CATEGORY:
Economy
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AUTHOR:
David Fox, Business Editor
The Government and the Bermuda Business Development Agency will take their promotional tour to Egypt’s luxury resort town of Sharm el-Sheikh, on the southern tip of the Sinai Peninsula, later this year.
It is there in November that the Bermuda delega...
DATE: Jun 15, 2022
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
The insurance industry has been warned of the social risks of blindly withdrawing insurance cover, and divesting, from so called “dirty industries”.
The warning comes as increasing eco-activism centres media attention on a global insurance industry s...
DATE: Jun 13, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor