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Seadrill Ltd, the Bermudian-based offshore drilling company, has reported an operating profit of $20 million for the third quarter of the year. The company had total operating revenues of $269 million, and total adjusted EBITDA of $71 million, repres...

CrossTower, the global crypto currency trading platform with an office in Bermuda, has agreed to acquire Bequant, a leading prime brokerage and digital asset exchange, for an undisclosed amount. The organisation also announced the launch of the first...

The collapse of Bahamas-based crypto trading platform FTX Trading Ltd has begun to have a direct impact on the fintech sector in Bermuda. BlockFi International Ltd, the Bermudian incorporated company licensed to conduct digital asset business by the ...

Tax campaigners said a recent Court of Justice of the European Union decision may have weakened EU/OECD anti-money laundering efforts, but the battle over the right to freely access information on beneficial owners of private companies has now moved ...

UK business groups have told the government to halt the introduction of the controversial 15 per cent effective minimum corporate tax rate, the Financial Times has reported. They said Chancellor Jeremy Hunt’s plan to include it in the spring finance ...

The European Union is still mulling this month’s landmark ruling by the European Court of Justice that EU law does not permit beneficial ownership information to be freely available to the public. The Financial Mail On Sunday called it “a major blow ...

Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has reported a net profit of $11.6 million for the third quarter of the year. That compares to $18.4 million for the second quarter of 2022....

Wista Bermuda, the local chapter of the Women’s International Shipping and Trading Association, will take advantage of the Wista International programme development for two initiatives aimed at supporting women rising in the maritime industry. Wista ...

Freight rate observers are forecasting gloomy news for the future of cargo rates. Xeneta chief executive Patrik Berglund expressed his concern this week that economic uncertainty, geopolitical concerns (including over Ukraine), industrial action on l...

The top European court has struck down a European Union mandate for public registers of beneficial ownership of all companies. In a decision which could stall global efforts to force countries to have open beneficial registers, the European Court of ...