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Business chiefs are lukewarm on the latest Budget — with more than three-quarters saying Government missed revenue-raising opportunities. And an overwhelming number rated the level of debt as their major concern — with privatisation, public sector st...

Bermuda can no longer rely on growth in international business to boost the economy, Finance Minister Bob Richards said yesterday. And Mr Richards added it was vital to boost tourism to stimulate the Island’s economy. Mr Richards paid tribute to the ...

Communications firm Digicel was last night staying tight-lipped on whether its phone SIM cards were supplied by a firm hacked by the UK and US security services. The telecoms firm has not responded to questions on whether Dutch technology giant Gemal...

Government will save an estimated $25 million this year by freezing most vacant Government jobs, Finance Minister Bob Richards yesterday told a post-Budget Chamber of Commerce meeting. And he said that Government planned to introduce measures to make...

A restructured banking sector is on the cards, Finance Minister Bob Richards said yesterday. Mr Richards, delivering the Budget speech in the House of Assembly, said that banks were still not pulling their weight in helping to kick-start the economy....

Taxes are to go up and spending is to be cut by $33.1 million — and Finance Minister Bob Richards warned that public sector layoffs could come this year. The grim news came in the annual Budget statement, which imposed 3.5 per cent cuts across the bo...

Merger-mania in the international business sector could cost jobs in Bermuda, Finance Minister Bob Richards warned yesterday. Mr Richards said that companies in the field remained strong, but that spending by international business on the Island had ...

Nearly half of global CEOs in the insurance field predict more joint ventures or strategic alliances over the next year, according to survey results released yesterday. And two thirds of business chiefs believe that new tie-ups between firms offered ...

A US tax pressure group yesterday warned that President Obama’s budget proposals to end tax deductions for reinsurance payments to affiliated foreign companies and on overseas earnings would cost America more than three times what it would raise. The...