1723 results returned for search: "" category "Business" author David Fox, Business Editor
Waheed Brown has his head in a cloud – the Google Cloud.
A Silicon Valley alum, the Bermudian is a Google Cloud Infrastructure Engineer.
The one-time Saltus schoolboy helps large customers like Apple move their computer networks into the Google Cloud...
DATE: Aug 09, 2021
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CATEGORY:
Technology
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AUTHOR:
David Fox, Business Editor
A fintech company whose authorisation to offer digital coins from Bermuda was hailed as “the start of a new era for Bermuda” has settled allegations of securities fraud.
Uulala Inc and two senior executives were charged in a California US District C...
DATE: Aug 06, 2021
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
Economic and financial difficulties may have ended the dream for the owners of a North Shore nightclub for a mature clientele.
A Supreme Court judge has refused to halt a writ of possession for 81 North Shore Road, Devonshire, in relation to the 2018...
DATE: Aug 05, 2021
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CATEGORY:
Business
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AUTHOR:
David Fox, Business Editor
There are warnings about the future of a Caribbean insurer, in which a Bermuda company acquired a sizeable stake three years ago.
The warnings came as Caribbean Information and Credit Rating Services Limited (CariCRIS) affirmed ratings for Beacon Ins...
DATE: Aug 04, 2021
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
Bermuda’s first bank will pay $5.6 million in forfeiture and restitution payments to the United States government in a tax evasion case that dates back 20 years.
The US Attorney for the Southern District of New York, the Justice Department and the In...
DATE: Aug 03, 2021
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CATEGORY:
Banking
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AUTHOR:
David Fox, Business Editor
Bermuda’s international re/insurers are leveraging the market cycle and expanding their franchises considerably in a period of optimism.
Several companies are active in share repurchases already, or resolving to buy back stock with accumulated cash a...
DATE: Aug 02, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
The Regulatory Authority of Bermuda has extended the deadline for public input into published guidance on Bermuda’s blueprint for future electricity production and costs.
And regulators appear set to embark this month on a study that could determine ...
DATE: Aug 02, 2021
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
Hardening rates in insurance and reinsurance are a trend that is expected to continue, analysts ave been told.
Making clear he supports that view – and that development – is Marc Grandisson, executive vice-president, chief financial officer & treasur...
DATE: Aug 02, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
Butterfield bank remained upbeat when discussing with investors the proposed global corporate tax plan and how it could affect bank operations.
Chairman and chief executive officer Michael Collins also provided an update Tuesday on the bank’s cost cu...
DATE: Jul 28, 2021
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CATEGORY:
Banking
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AUTHOR:
David Fox, Business Editor
After 25 years in business, the Bermuda Golf Academy, Driving Range and Mini Golf in Southampton will close in the first week of September, according to operator Richard Farge.
He said a 20-year lease had previously expired but the tenancy was tempor...
DATE: Jul 26, 2021
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor