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Fintech company Circle is to go public in a merger with special purpose acquisition company Concord Acquisition Corporation, in a deal that values Circle at $4.5 billion. The transaction is anticipated to close in the final three months of this year....

A huge containership that ran aground in the Suez Canal in March has resumed its journey after the vessel’s owners reached an agreement with the Suez Canal Authority to settle a financial dispute. Bernhard Schulte Shipmanagement, which has an office ...

Only one in four businesses in Bermuda that took part in a survey have a Personal Information Protection Act readiness plan, and more than a third are unsure how much they will need to spend on a privacy programme. KPMG in Bermuda, in collaboration w...

A fintech company that once proposed creating 40 jobs in Bermuda and investing millions of dollars, is the subject of a consumer warning issued by a financial regulator in Britain. The Financial Conduct Authority said no entity in the Binance Group h...

After becoming a “virtual regulator” during the Covid-19 pandemic, the Bermuda Monetary Authority’s future may be as a hybrid, with both a virtual platform and a physical location. That possibility is highlighted in the BMA’s annual report, which als...

Bermuda has responded after seven of the biggest economies in the world issued an accord supporting the outlines of a new global tax system, and a commitment to a minimum corporate tax rate of at least 15 per cent. More details are needed before the ...

Curtis Dickinson, Minister of Finance, has responded to a statement from the finance ministers of the Group of Seven nations in which they committed to a global minimum corporate tax rate of at least 15 per cent on a country by country basis. The G7 ...

A Microsoft subsidiary registered in Ireland made a profit of $314 billion in the fiscal year that ended June 2020, but did not pay any tax as it is tax resident in Bermuda. Microsoft Round Island One has no employees, other than three directors. Its...

Norwegian Cruise Line Holdings Ltd is planning to restart US-based cruise voyages in August, although they will only be for trips to Alaska. It is one of the major cruise operators that sails to Bermuda. Currently, Norwegian is not sailing from direc...

JetBlue will begin offering its first transatlantic flights, which will be between New York and London, from August. It is aiming to offer lower prices on the route, including in its premium cabins. JetBlue has a service between Bermuda and JFK, whic...