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Bermuda’s $22 million revenue loss in aircraft registry receipts as a result of the withdrawal of Russian aircraft certification business, can be covered by better than expected tourism receipts, a rating agency has declared. It was a position taken ...

For the second time in little more than a year, Moody’s Investors Service has downgraded the rating for the Government of The Bahamas, this time because of a higher degree of government liquidity risk. The long-term issuer and senior unsecured rating...

Investments expert Caspar Rock gave a “gloomy outlook” on the coming year’s global economy, predicting recession in the developed world. Mr Rock, chief investments officer at Schroders Wealth Management, delivered the grim assessment at the Schroder...

There appears to be some relief in sight for importers and eventually consumers, as there are signs that the costs of containers across major shipping routes are plunging, The Economist is reporting. Analysts believe it may mean some relief for globa...

A KBRA rating agency report on credit risks suggests that the Federal Reserve’s “near singular focus over the near term on taming inflation runs the risk of overshooting its goal of curtailing demand, thereby increasing the risk of a hard landing.” T...

This may not be electrifying news to island residents, but Bermuda has been found to be the most expensive place in the world to run appliances

The US Federal Reserve, the country’s central bank, boosted its benchmark overnight interest rate by 75 basis points on Wednesday — and said further rate hikes are anticipated. In Bermuda, the Bank of N.T. Butterfield & Son Limited was the first loca...

Twelve years after government sought to arrest the decline in retail sales, the ‘Buy Bermuda’ campaign may be in jeopardy. Alarmingly in 2010, government reported how resident purchases overseas increased by a whopping 14 per cent per cent in June 2...

June’s retail sales volume fell to a lower level than the pre-pandemic June of 2019, the government reported Friday night. Even less food was sold. Retail sales for June 2022 decreased 4.3 per cent compared to last year. In value terms, retail sales ...

Retail sales in Bermuda continued their rebound in May, albeit slightly, increasing for the second consecutive month year over year, as reflected in the May 2022 Retail Sales Index. After adjusting for the retail sales rate of inflation, measured...