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The Government said today that Bermuda’s trade with non-residents resulted in a $164 million surplus for the third quarter of 2021, decreasing $16 million from a year ago. In making this announcement, Jason Hayward, the Minister of Economy and Labour...

The Institute of Directors Bermuda will kick off its 2022 professional development programme with the in-depth panel discussion titled What Directors Need to Know for the Year to Come. The event, held in conjunction with professional services firm KP...

Hurricane Larry swept past Bermuda but left the island largely undamaged. The hurricane packed sustained winds of 92mph and brought rough seas in its wake. September also saw the grim death toll of Covid-19 continue to climb as the number of active c...

The pandemic-induced lockdowns of 2020 led to a surge in online overseas purchases by local residents. But any hopes of local retailers that shoppers would return to their old habits in 2021 were dashed - overseas purchases kept rising to new records...

Bermuda’s annual inflation rate increased at the highest rate in four years in July, increasing to 2.2 per cent. The rise was a full percentage point higher than June’s figure of 1.2 per cent and the highest since inflation hit 2.4 per cent in March...

The latest Covid-19 wave from the Delta variant will sound the death knell for certain Bermuda businesses, economic analysts have surmised, and its effects will hamper the anticipated rebound. From the same document that theorises the under-reporting...

Dear Sir, The following is addressed to the Bermuda community. So far, the year 2021 has resulted in a sense of uncertainty across the globe. The ongoing Covid-19 pandemic, the change in political leadership in the United States and the ensuing econo...

A broad measure of Bermuda’s economic activity contracted in the fourth quarter of 2020, primarily because of restricted economic activity due to the Covid-19 pandemic. Gross domestic product is the value of goods and services generated by the island...

Bermuda’s balance of payments current account surplus fell $41 million to $201 million in the third quarter compared to the same period in 2019. This is a measure of Bermuda’s trade with the rest of the world. The decrease in the surplus was due main...

A broad measure of Bermuda’s economic activity contracted in the third quarter of 2020, primarily because of restricted economic activity due to the Covid-19 pandemic. Gross domestic product, the value of goods and services generated by the island’s ...

Bermuda has topped the latest global cost-of-living index. The island is No 1 on a list compiled by Numbeo.com, which compared the cost of living of 135 countries against the cost of living in New York City. After Bermuda, the next four most expensiv...

Economic growth slowed in the second half of last year, government statistics reveal. Gross domestic product contracted by 0.1 per cent in the third quarter and grew by 0.3 per cent in the fourth quarter, taking inflation into account. The two report...