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Curtis Dickinson, Minister of Finance, has responded to a statement from the finance ministers of the Group of Seven nations in which they committed to a global minimum corporate tax rate of at least 15 per cent on a country by country basis. The G7 ...

A company that has applied for a digital asset business license in Bermuda has won a pitch competition at the Bitcoin 2021 conference in Miami. 24 Exchange Bermuda Ltd said it was selected as one of 12 finalists from more than 140 applicants as a sho...

Bermudian-based Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has entered into definitive agreements for the previously announced strategic investment into Element 1 Corp's unique methanol-to-hydrogen technology,...

A Microsoft subsidiary registered in Ireland made a profit of $314 billion in the fiscal year that ended June 2020, but did not pay any tax as it is tax resident in Bermuda. Microsoft Round Island One has no employees, other than three directors. Its...

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a two-well contract extension with Equinor Energy AS offshore Norway. The company said the contract is for Valaris JU-291 (Stavanger), a heavy-duty ultra-harsh envir...

After more than a year of staying connected virtually, the Bermuda Business Development Agency was back on the road for direct engagements in Miami this week. Meetings were being held with senior representatives from the Florida Chamber of Commerce, ...

Bermudian-headquartered Textainer Group Holdings Ltd elected two directors to its board and bid farewell to one at the annual meeting of shareholders. The company, one of the world’s largest lessors of intermodal freight containers, welcomed James Ea...

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a one-well contract with Total E & P Côte d'Ivoire B.V. offshore Ivory Coast. The contract for the drillship Valaris DS-12 is expected to commence in the third quart...

Billionaire shipping magnate John Fredriksen has stepped down as chairman and president of Bermudian-headquartered Frontline Ltd, one of the world’s largest oil tanker shipping companies. Ola Lorentzon has been appointed chairman of Frontline, succee...

Borr Drilling Ltd, the Bermudian-based oilfield services company, has reported a net loss of $58.1 million for the first quarter. That result follows a loss of $46.7 million in the fourth quarter of 2020, and an overall loss last year of $305.2 milli...