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US Treasury Secretary Janet Yellen said yesterday that deterring the use of tax havens will let countries compete on economic fundamentals — instead of by offering ever-lower tax rates that deprive governments of money for infrastructure and educatio...

The inflation rate edged up to 0.9 per cent in April. Commenting on the Consumer Price Index report, Wayne Furbert, Minister for the Cabinet Office, said: “In April consumers paid 0.9 per cent more than they did in April 2020 for a basket of goods an...

The retail inflation rate rose to 0.2 per cent in February, up from -0.3 per cent in January. Wayne Furbert, Minister for the Cabinet Office, said: “The health and personal care sector was the largest contributor to the twelve-month increase in the C...

Bermuda’s annual inflation rate was negative for the sixth month out of seven in January at -0.3 per cent. The island had experienced five consecutive months of deflation before the annual inflation rate turned positive in December at 0.3 per cent. C...

Bermuda’s Economic Recovery Plan is “ambitious but achievable”, the Minister of Finance told an international forum yesterday. Curtis Dickinson was speaking on the panel, “Economy and Sustainability for Global Islands” at the Island Finance Forum 202...

After five consecutive months of deflation, Bermuda’s annual inflation rate turned positive in December. The rate was 0.3 per cent. Consumers paid 0.3 per cent more for a basket of goods and services included in the Consumer Price Index in December t...

Bermuda’s annual inflation rate remained negative for the fifth consecutive month in November at -0.1 per cent. In July 2020, the island recorded its first negative inflation rate since 1965. Consumers paid 0.1 per cent less for a basket of goods and...

Bermuda’s annual inflation rate remained negative for the fourth consecutive month in October at -0.2 per cent. In July 2020, the island recorded its first negative inflation rate since 1965. Consumers paid 0.2 per cent less for a basket of goods and...

The Construction Association of Bermuda is “encouraged” by Government’s $13.4 million short-term economic stimulus programme but says it has missed an opportunity to support training in the trades, the organisation’s president said yesterday. Simon T...

Bermuda’s annual inflation rate remained negative for a third consecutive month in September. The rate was -0.7, the same as reported in August. In July the island recorded its first negative inflation rate since 1965. Consumers paid 0.7 per cent les...