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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...

DUBLIN (Bloomberg) Bank of Ireland Plc and its ICB Building Society unit will increase rates on fixed-rate mortgages of between 0.7 percent and 1.3 percent, according to a company spokeswoman. The move follows the European Central Bank’s decision tod...

April 6, 2011 Dear Sir, Michael Fahy did Bermuda a great service when he clearly set out in The Royal Gazette of April 5th, 20 questions Bermudians should be asking themselves about our dreadful financial state. Everyone should post this article on ...

Landscaping has become one of the pressure points in Bermuda’s recession. There are several reasons why. It is a sector of the economy which has been heavily dependent on foreign labour and thus is one of the “buffers” in the economy where Bermudians...

Government got slammed last week for underestimating by $10 million the amount of money that would be required for financial assistance in the current financial year. Estimating claims in a weakening economy is always going to be difficult. But the ...

MPs are today expected to discuss plans to boost business in St George’s and Somerset with Economic Empowerment Zones. The proposals which include areas such as the town of St George in the East and Mangrove Road in the West are intended to help smal...

The annual rate of inflation hit 2.2 percent during January 2011, according to the latest figures released by Government. The Consumer Price Index revealed that inflation was at its lowest since August 2010 when it was two percent. The health and per...

The recession is behind us, times have changed and it’s time to get back to business. That will be the key message for the Society of Trust and Estate Practitioners Caribbean Conference which will be held at the Fairmont Southampton between May 16 an...

Premier Paula Cox said today that the OECD Global Forum in Bermuda this year will provide a shot in the arm for both the Island’s tourism and international business sectors. The Organisation for Economic Cooperation and Development has sent out offic...