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Credit rating agency Moody’s has welcomed Government’s progress in cutting its deficit. Moody’s said Government had reduced its target for current expenditure cuts from 5 per cent to 3.5 per cent after it was unable to renew its cost-cutting furlough...

Bermuda’s economic recovery will accelerate this year, according to the latest projections by the Ministry of Finance. Gross domestic product, a measure of economic activity, will expand by between 2 and 3 per cent, the ministry estimates in The Nati...

Business leaders are more likely to hire extra people and invest in their businesses this year as confidence rises. But caution over the future remains, with particular concerns about the political environment and the need for business growth and inv...

Beyond the Budget numbers there is a social consideration, and cost, to be totted up. Martha Dismont, executive director of Family Centre, said she was on the panel at the Budget Breakfast to give representation to the people who are struggling in th...

There was a short but spontaneous burst of applause when Nathan Kowalski pointedly said that “if you want people to use more of something you don’t typically make that something more expensive”. Speaking as a panellist at the PwC Bermuda-sponsored Ch...

Budgets and debt. The Bermuda Government laid out its plans last week and in Canada, the same is expected in the weeks to come. Each Government has a challenge with the level of debt they should carry to sustain their ability to function effectively...

Bermudian-based Maiden Holdings yesterday reported profits of $24.7 million for the fourth quarter of last year. The reinsurer’s earnings were down $2.8 million on the same period in 2014. The quarterly figures are equal to 32 cents per share, compar...

John Wight, the Bermuda Chamber of Commerce president, yesterday backed a new tax on services unveiled in last week's Budget. Mr Wight said there was “ a great deal of alignment” between Chamber members and Government on the Budget plans to tackle th...

The price of servicing the Island’s debt will outstrip the cost of the country’s most expensive ministry within two years unless action is taken, Bob Richards warned yesterday. Mr Richards, the finance minister, said that the debt service costs this ...

A panel discussion will look at the seemingly competing demands of data security and the increasing expectations for public access to information. The free event next Thursday will feature an expert panel that includes Gitanjali Gutierrez, Bermuda’s ...