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Bermuda’s way out of this economic morass must be by way of a strong and genuine partnership between government and business. While government provides the framework and infrastructure for business to develop and companies provide the capital and emp...

Premier and Finance Minister Paula Cox has reminded the public of the importance of the upcoming OECD (Organisation for Economic Co-operation and Development)/Group of 20 Global Forum on Transparency and Exchange of Information this month. The high l...

LISBON, Portugal (AP) Portugal has for a second time revised upward the debt-stressed country’s budget deficit last year, releasing official figures that said it was 9.1 percent of gross domestic product instead of the previously announced 8.6 percen...

Retail sales plunged again in February, dropping 8.8 percent in real terms compared to 2010 and marking the 34th consecutive month that they were in decline. This came after a poll in this newspaper that showed that around ten percent of the responde...

LISBON (Reuters) - A crucial new phase of Portugal’s bailout negotiations began under a cloud yesterday after an anti-euro party in Finland that has vowed to derail the pending rescue scored strong gains in an election. Portuguese debt premiums rose ...

April 13, 2011 Dear Sir, We should all congratulate the PLP Government for what they have achieved since November 1998. Many of us believed they would destroy our economy within five years but they didn't start doing that until they had been in power...

WASHINGTON (AP) The world’s major economies have reached an agreement on how to measure the types of dangerous imbalances that contributed to the worst global financial downturn in seven decades. Yesterday’s deal was announced in a joint statement is...

LONDON (Reuters) The Bank of England held interest rates at a record-low 0.5 percent yesterday, opting to wait for clearer signs of recovery before following the European Central Bank in tightening policy. Although inflation in Britain is almost twic...

MADRID (Reuters) Spain vowed yesterday it would not follow ailing neighbour Portugal in seeking a European bailout, and a successful Spanish bond auction suggested markets do not immediately fear contagion. The fall of another euro zone domino follow...