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Young Bermudians, whose unemployment rate “is approaching a staggering 40 percent” were explicitly impacted by the Computer City closure on Friday, charged One Bermuda Alliance candidate Sylvan Richards, who is the party’s spokesman for the shadow bo...

After 12 years in business, Victoria Street retailers Computer City was last night termed a casualty of the recession by company director Craig Clark. The closure, blamed on “unprecedented economic conditions in Bermuda”, will leave nine workers — ei...

Government intends to create three new Economic Empowerment Zones (EEZs) in Pembroke, Economy Minister Patrice Minors announced yesterday. Among the new proposed EEZs are: l The Middletown EEZ between Happy Valley Road and Parsons Road, l The Northe...

Bermuda suffered a third successive year of recession in 2011, according to data released yesterday by Government. Figures published by the Department of Statistics show that gross domestic product — the value of goods and services produced in Bermud...

Bermuda’s current account surplus grew to $276 million in the second quarter, representing a $14 million increase year over year. However, the Balance of Payments statistics released by Government yesterday indicate the Island’s continued slowdown in...

Bermuda’s current account surplus grew to $276 million in the second quarter, representing a $14 million increase year over year. However, the Balance of Payments statistics released by Government today indicate the Island’s continued slowdown in eco...

By now, everyone understands that Bermuda’s economy is, and always has been, reliant upon foreign money. From Furness Withy in the 1920’s to the creation of the US bases during the 1939 -1945 World War to the huge investments by Daniel K Ludwig (Sout...

The Chamber of Commerce (COC) says urgent action is needed to grow Bermuda’s working population after a spate of established retailers called it quits amid the Island’s struggling economy. All Wrapped Up, Carole Holding, Foreign Cargo, Wheel’s Cycles...