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Business leaders have painted a bleak economic picture for 2016, according to a new survey by professional services firm PwC. And the level of worry about the future among company leaders is at its highest level for five years. The global confidence ...

Spirits giant Bacardi is to launch a bid to connect with millennials. And the firm has appointed a new global millennials manager to nurture young talent and keep the firm’s brands relevant to younger people. Now Nim de Swardt, 30, is aiming to get t...

Bermuda-based First Atlantic Commerce (FAC) has linked up with a tour management booking company in the Bahamas. The Island online payments provider is to work with RezBS, a Bahamian booking platform, to allow real time online credit card processing ...

International law firm Harneys has signed up five new lawyers for its Bermuda practice. And the firm said it planned to expand its on-Island team further in the coming months. Sarah-Jane Hurrion, Harneys’ managing partner, said: “Harneys’ growth in B...

Top accountant Jason Carne is to retire as a managing director at professional services firm KPMG. The company also announced five promotions to its leadership team on the Island — including the first actuary to become a managing director in the firm...

A total of eight Bermuda female business leaders have been listed in a prestige global top 200 of power women. The 2016 list compiled by London-based business magazine Citywealth includes Kimberley Durrant, UK representative for the Government of Ber...

A Bermuda-based hotel firm has bought Boston’s Mandarin Oriental Hotel for $140 million. Mandarin Oriental has managed the hotel on the city’s upmarket Boylston Street since it opened in 2008. But now the company, part of the Bermuda-based Jardine Ma...

The oil price crash is not proving to be an unmitigated disaster for all sections of the oil service industry. On the contrary, for ship operators and owners it is proving to be a lucrative time, and things are looking rosy for at least another year....

A new cross-party group of British MPs and peers is to examine Britain’s tax system — and will consider the abolition of corporation tax. The group, which will start its deliberations in the new year, will quiz government ministers and business leade...

Bermuda has come under the spotlight in a front-page article in the prestigious New York Times highlighting the use of the Island by US hedge fund managers who have pumped millions into presidential campaigns. The article said that hedge fund magnate...