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Retail sales remain in a tailspin seven months on, with the latest figures showing they fell again in January, this time down 6.3 per cent compared with the same period last year. In value terms, retail sales fell 2.7 per cent from the previous year’...

A common topic among investors is how to protect asset values and incomes while inflation is rising. The major asset classes: stocks, bonds and cash, do not immediately appear to offer a direct hedge against the impact of rising prices, leading some ...

Increases in food prices and health insurance were responsible for the inflation rate hitting 2.5% in January, the Government reported

December 2021 was a less than merry month, according to the latest retail sales report from the Department of Statistics. The December 2021 Retail Sales Index report showed that the volume of retail sales fell 8.8 per cent compared with the same mont...

The Cayman Islands may keep an eye on Bermuda as they review a $6-an-hour minimum wage implemented in March 2016. The Cayman Compass is reporting broad support for a review of the six-year-old benchmark. Chris Saunders, the Deputy Premier concede...

A United Nations official doubts that the development of a fintech industry will help those Bermudians most in need

Small businesses are in a “fragile rebuilding stage” following two years of restrictions – and war in Ukraine could actually have a positive effect on Bermuda. Those were just two of the issues explored by Nathan Kowalski, the president of the Chambe...

Jason Hayward, the Minister of Economy and Labour, yesterday pegged inflation for the year to November at 2.8 per cent, as measured by the Consumer Price Index released by the Department of Statistics. The minister said: “In November 2021, consumers ...

Figures delivered for November by the Department of Statistics revealed the enduring slide for retail sales, with the index continuing to go in the wrong direction. The Ministry of Economy and Labour released the November 2021 Retail Sales Index, sho...

The Government is downplaying Bermuda being put back on the European Union’s Grey List, but admits it is powerless to get off it until October.