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More business in St George's could close, Government said today. Transport Minister Terry Lister and Ellen-Kate Horton, Permanent Secretary of the Ministry of Transport, recently visited the town and met Mayor Kenneth Bascome to discuss “ongoing init...

Ten workers have been laid off at Paterson Contracting due to the sluggish construction industry. The local company, which employs 35 people and is based on Harbour Road, has issued lay-off letters to eight Bermudians and two foreign workers. Financi...

In 2008 food prices soared resulting in significant unrest throughout the world. People seem to be able to put up with corruption, nepotism and cruel laws but when they can't eat things get ugly. Currently we have riots in Algeria over the cost of su...

Capital G Bank mortgage holders will see their repayments rise from next month when the bank will raise its lending rate by 0.25 of a percentage point. The move, which takes effect on February 1, will take the bank’s residential and commercial lendin...

Bermuda's service industry is feeling the knock-on effect of the recession, with one company's accounts receivable up 25 percent over the past year. Air Care Ltd's general manager Robert Platt said that sales were down 20 percent during 2010 compared...

Yesterday’s editorial dealt with the poor state of the Bermuda economy and many of the causes of the current recession. As it stated, it was not intended as a blame-assignment exercise but as a means of determining how to fix the problem and how to a...

Bermuda has an elevated political risk due to the increase in public debt non-payment risk, according to a global firm’s assessment. Bermuda is one of 12 island nations to have attracted a “sovereign non-payment icon” on the Aon Risk Solutions 2011 r...