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Increasing fuel costs were the largest driver of inflation in July, as the cost of living rose 1.7 per cent from a year earlier. Inflation, as recorded by the Consumer Price Index, published today by the Department of Statistics, edged lower to 1.7 p...

Butterfield Bank’s ATM and card processing point-of-sale services are up and running again after technical issues caused problems for customers earlier today. Customers this morning found that their bank cards were not working when paying for items ...

Mahesh Madhavan has taken over from Michael Dolan as chief executive officer of Bacardi. The spirits giant, which has headquarters on Pitts Bay Road, had first announced the planned transition in March. Mr Dolan has retired after holding the CEO’s r...

Dear Dave, I have a savings account for my two-year old that has $5,000 in it, and about half of that is in gold. I’m going to save for his college separately, and give this to him to help start his life after school. Is there a better place to put t...

Seventeen years ago, Mauricio Lim Miller, a leader in the field of social services, received a phone call from Jerry Brown, who was the mayor of Oakland, California, at the time, that set him on a quest to understand how families really overcome pove...

NEW YORK (Bloomberg) – For Caribbean islands plunged into darkness after hurricanes Irma and Maria, more resilient, small-scale electric systems powered by the sun are looking increasingly attractive. Transforming a grid, though, isn’t cheap. In maki...

Smarter, greener and cleaner describes the new high-tech carwash to be launched at Auto Solutions on St John’s Road. This system is environmental-friendly due to the biodegradable soaps being used instead of harsher ones, and it requires less energy ...

President Donald Trump finally announced the massive changes that he wants to make to the Internal Revenue Code. The announcement was in the format of a “framework” for discussion in that the Senate and House of Representatives both have tax bills th...

Bermuda international business executives and tax experts were yesterday poring over the proposals in the framework for US tax reform unveiled by President Donald Trump. While the “Unified Framework for Fixing Our Broken Tax Code”, produced by Mr Tru...

Butterfield Bank was the only stock to climb in Bermuda Stock Exchange trading today. The bank closed on $36 after gaining 40 cents, or 1.1 per cent, as 5,399 of its shares changed hands. Butterfield’s New York Stock Exchange-listed shares gained 23 ...