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Restaurant group MEF is on track to recruit a small army of temporary staff to help cope with demand from next year’s America’s Cup. Dale Butler, director of training and communications at MEF, said a recruitment drive, targeting students on holiday ...

The Royal Gazette/BSX Index was closed on Monday and yesterday for the holiday. However, last week it chalked up a 71.20-point rise, or 3.63 per cent, to close at 1,962.5. Shares of insurance group BF&M improved 50 cents, or 2.5 per cent, to $20.50 a...

Arch Capital Group’s $3.4 billion acquisition of United Guaranty Group has been approved by the North Carolina Department of Insurance. It was announced in August that the Bermudian-based company would buy the mortgage unit from American Internationa...

Shares in Bermuda Aviation Services dropped five cents to $3.20 on The Royal Gazette/BSX Index. The move, equal to 1.5 per cent, came after 100,000 shares traded. The Bank of Butterfield fell 70 cents, or 2.2 per cent, to $31.30 after 7,315 shares ch...

Retail sales in October fell 3.8 per cent compared with the same month in the previous year. In 2015, retailers received a boost during October from the island’s hosting of a Louis Vuitton America’s Cup World Series event, while this year the month w...

Dear Dave, How do you feel about using layaway programmes? JAY Dear Jay, I’m not a huge fan of layaway plans, because they’re not really the solution to a problem. What’s wrong with just saving up and buying stuff when you have the cash? I mean, Chri...

The news media have been abuzz for a few weeks about the proliferation and effect of fake news. Facebook is changing how it handles news from dubious sources, while Twitter is rethinking how to respond to bots promoting fabricated articles. Alphabet ...

Google moved $15.5 billion to its Bermuda subsidiary last year, a 40 per cent increase on the amount it sent to the island in 2014. By doing so, it saved an estimated $3.6 billion in worldwide taxes, according to a report by Bloomberg. The figures co...

More than half a billion dollars of insurance-linked securities and cat bonds have been admitted for listing on the Bermuda Stock Exchange this week. Leo Re Ltd has issued $200 million of Class A participating notes, with a due date of March 2021. Th...

The Royal Gazette/BSX Index closed unchanged at 1,962.50 after a day without any trading. On the New York Stock Exchange, the Bank of Butterfield dropped 20 cents, or 0.62 per cent, to $32.30. The BSX Insurance Index ended the day up 33 points, or 0....