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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 ...

Helen of Troy, the global consumer products company with principal executive offices in Hamilton, is raising its fiscal-year outlook based on better-than-expected second-quarter results and positive trends in the beauty and housewares businesses, tog...

HSCM Ventures is the lead investor in a $4.5-million seed round by Insurate, the data science-based underwriter. Insurate said that it provides fair and transparent workers' compensation solutions to high-hazard small/mid-market companies. HSCM Ventu...

Bermuda-based fintech operation 24 Exchange has filed key portions of a Form 1 application in draft form with the US Securities and Exchange Commission for a licence to operate a national securities exchange. 24 Exchange, the only global platform off...

Stonepeak, the New York-headquartered alternative investment firm, is to acquire Bermuda-based Teekay LNG Partners LP in a $6.2 billion transaction. Under the agreement and plan of merger entered into by the parties, investment vehicles managed by St...

PwC, the network of professional services firms in 155 countries, has announced a new strategy and commitment to invest in digital, diversity and ESG with a $12-billion investment over the next five years. It will create more than 100,000 new jobs g...

A UK-based biotechnology company that plans to redomicile to Bermuda has reported a loss of £12.59 million for the six-month period ending June 30. Tiziana Life Sciences plc said that compares with a loss of £3.9 million for the same period a year ag...

Leaders of the global and local technology communities are to be among the panellists and speakers at the Bermuda Virtual Tech Summit 2021. The October 13-15 event will kick off with a conversation between Forbes associate editor Michael del Castillo...