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Bermudians have learnt lessons from severe hurricanes in the recent past — and their thorough preparation is one of the reasons why damage from Hurricane Nicole appears to be relatively light. That is the view of John Wight, chief executive officer o...

Bermuda has been overstating the number of companies registered on the Island for more than a decade, Government revealed yesterday. Economic Development Minister Grant Gibbons said the errors had been spotted by officials at the Registrar of Compani...

The Bermuda Government will have to borrow another $125 million in the next fiscal year, adding to its $2 billion-plus of outstanding debts. Of the $800 million that the Government borrowed less than two years ago to see it through multiple years of...

Bermuda is likely to emerge from recession this year, according to projections by the Ministry of Finance. Analysts from the Ministry estimate that the economy will grow by up to 1.5 per cent next year. In the outlook section of The National Economic...

Bermuda needs an influx of thousands of people to boost its flagging population — or strong economic growth will not happen. This is the view of Don Mills, chief executive officer of a Canadian market research company involved in a pioneering Bermuda...

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-...