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More than a month into the new year, Bermuda’s financial institutions are still considering what to do about replacing Libor, a major component scheduled for retirement at the end of 2021 from its use in the setting of interest rates. The Bermuda Ban...

With one exception, retail sales have fallen every October since 2016, government figures show. Only in 2020 did the month record an increase. The Retail Sales Index press statement released Friday night said October’s retail sales fell 6.6 per c...

Bermudian-based insurer says it will not insure the construction or operation of any new thermal coalmine

Officials tried to start the countdown clock marking 100 days until the return of Sail Grand Prix yesterday and … nothing happened. Charles Jeffers II, the CEO of the Bermuda Tourism Authority, was there for the unveiling of the symbolic countdown c...

A Supreme Court judge has denied a bid by HSBC Bank Bermuda Limited to take possession of a mortgaged commercial property and sell it to satisfy the mortgage debt. Puisne Judge Larry Mussenden refused the bank’s application for summary judgment and r...

A Bermuda company is playing an important role in efforts to mitigate climate change, and Bermuda’s young are a part of the generation that will be the key. The Bermuda insurance executive whose company has tasked him with a lead role in the corporat...

While at least two government agencies are promoting the island’s Work from Bermuda certificate, the travel site Kayak puts Bermuda at the bottom of its list of recommended places from which to work remotely. Using 22 different factors, Kayak compare...

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...