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Bermuda faces a “fiscal cliff” if its debt-to-revenue ratio, currently at 340 per cent, continues to rise. An adverse but “far from inconceivable” scenario would see Government debt on an unsustainable trajectory, leading to a credit rating downgrade...

Ignite Bermuda, the island’s privately-funded entrepreneurial accelerator, is calling for applications for its fourth cohort. The organisation will begin taking applications online at www.ignitebermuda.com on Monday. Applications close on February 5....

Some 130 attendees were at the launch of the Special Topics in Insurance: Foundations of Bermuda’s International Re/Insurance Sector Lecture Series, which was jointly hosted by the Association of Bermuda Insurers and Reinsurers, Bermuda College, and ...

The only shares that traded on The Royal Gazette/BSX Index were One Communications Ltd. A total of 39 shares changed hands, but there was no change to the closing price of $4.05. On the New York Stock Exchange, shares of Butterfield Bank were up one ...

Butterfield Bank’s corporate offices will reopen for in-person lending, corporate banking, private banking, trust and investment services on Monday. The offices will be open from 9am to 4pm, Monday through Friday. Butterfield banking centres will con...

Three employees of professional services firm KPMG in Bermuda have successfully completed their accounting designations. Ranisha Simmons earned the Chartered Professional Accountant, CPA Canada designation, while Ciara Rego and Jahlae Outerbridge eac...

A decision by soft drinks company Coca-Cola to transfer the Bermuda distribution rights for its portfolio of beverages will lead to job losses, the general manager of John Barritt and Son Ltd warned yesterday. Wholesale distributors Butterfield and V...

A batch of touchless water dispensers have proved so popular that an initial order sold out within days. The dispensers are able to supply cold, hot, ambient and sparkling water without the need for anything to be touched by the user. Kevin Lanthier,...

Cruise ship operator Royal Caribbean Group is selling its Azamara brand, including a fleet of three ships, for $201 million. The Azamara ships have been occasional visitors to Bermuda. The Azamara Quest is scheduled to make one visit to the island th...

Argus Group Holdings Ltd was the biggest mover on The Royal Gazette/BSX Index, improving 14 cents, or 3.5 per cent, to $4.14 after 3,000 shares traded. Also improving were shares of BF&M Ltd, which were up 49 cents, or 2.5 per cent, at 20.49 after 1,...