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The Government expects that Bermuda will emerge as a capital for climate-risk finance and a hub for climate-tech innovation. Curtis Dickinson, the Minister of Finance, said: “Over time, we are confident that this new sector will emerge as a pillar of...

Bermudian-based Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, has agreed to acquire Diamonds Direct USA Inc in a $490 million deal. Signet said that Diamonds Direct is an off-mall, destination jeweller in the United Stat...

Moody's Investors Service has revised the Bermuda-incorporated Weatherford International Ltd’s rating outlook from negative to stable and assigned a B3 rating to the company’s proposed $1.5 billion senior unsecured notes due in 2030. At the same time...

There is an appeal from local and international business leaders encouraging residents to take protective measures against Covid-19. The statement said: “The local and international business communities strongly encourage everyone in Bermuda to activ...

International Business professionals have launched the Association for Corporate Racial Equity (ACRE) in response to “the historic and present under-representation of Black Bermudians in International Business”. On Wednesday morning ACRE will host a ...

Sveinung Støhle is to step down as chief executive officer of Bermuda-based Höegh LNG Partners LP after 16 years with the company. The floating liquefied natural gas service provider said that Mr Støhle will remain in his position until November 1. H...

The Bermuda registered owner and operator of one of the world's largest land-based drilling rig fleets, is in an Algerian court today (Monday), facing a multimillion-dollar judgment — a ruling against the company that Algeria’s Supreme Court has alre...

Sweeping changes to the global tax system were agreed to yesterday by more than 130 countries that could wreak havoc on Bermuda’s major economic pillar – international business. The changes to how global companies are taxed, includes a 15 per cent mi...

Financial services companies are in line to get a competitive edge after senators approved new legislation yesterday. The Incorporated Segregated Accounts Companies Amendment Act amended 2019 legislation to clarify that an incorporated segregated ac...

The world’s first fully automated land drilling rig has completed its first well, according to Nabors Industries Ltd, the company with its principal executive office in Hamilton. The global oil and gas drilling contractor said that its PACE-R801 rig ...