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Endurance Specialty Holdings Ltd has donated $250,000 to the Bermuda Hospitals Charitable Trust. The charity is conducting what it describes as the biggest fundraising campaign in the Island’s history, as it attempts to raise $40 million over three y...

Behind the drama being played out in front of Cabinet Office this week looms a stark reality — that if the Bermuda Government does not soon start spending much less and/or earning much more, it is only a matter of time before fiscal collapse. While p...

Fitch Ratings has downgraded the Bermuda Government’s credit rating by a notch, but predicts a return to economic growth for the Island next year. The Island’s long-term bond rating from Fitch is now A+, the fifth-highest investment grade, down from ...

Fitch Ratings has downgraded the Bermuda Government’s credit rating by a notch, in the wake of a fifth consecutive year of recession in 2013. In its commentary, the rating agency says Bermuda has a weak fiscal position, given Government’s large debt ...

Bermuda’s AA- credit rating has been affirmed by Standard & Poor’s Rating Services — but the negative outlook on the rating remains in place. Finance Minister Bob Richards said he “expected” Standard & Poor’s affirmation of Bermuda’s long- and short-...

Belco has put forward a change to its facilities charge that would cut electricity bills for nearly half of its residential customers — but more than one in four households would end up paying more. Those who consume the least electricity will benefi...

Belco has put forward a proposal to cut its facilities charge for residential customers who use the least electricity — which could result in a lower electricity bill for an estimated 44 percent of households. However, the 28 percent of households wh...

Bermuda expects to see 21,000 more cruise ship visitors in 2014 than this year, Tourism and Transport Minister Shawn Crockwell said today. Mr Crockwell said in the House of Assembly this morning that the Norwegian Breakaway will make 22 visits to the...

Government spent nearly $276 million more than it took in revenues in the fiscal year ending March 31, 2011, according to accounts tabled today in the House of Assembly. Current account expenses, which include non-cash items, were $1.27 billion. Curr...