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Jason Hayward, the Minister for the Economy, had little to report when asked for an update on the Government’s Economic Recovery Plan. The plan, unveiled in the summer of 2020, consists of 31 initiatives devised to kick-start the economy in the wake...

Food prices surged by almost 10 per cent with fuel and power costs increasing by more than 15 per cent, latest inflation figures released last night showed. However, in a statement, the Ministry of Economy and Labour said that overall the cost of a b...

An advisory group set up in 2015 to help keep Bermuda’s economy on a steady course is to get its first review. An assessment of the Financial Policy Council, which will include consultation with others in the island’s financial sector, is expected to...

The opposition One Bermuda Alliance has criticised the Government for failing to listen to farmers before moving ahead with plans to develop a vertical farming industry on the island. The project – a key pillar in the Government’s Economic Recovery P...

The Government plans to create a vertical farming industry on the island have been put on hold after the overseas company behind the scheme reported massive losses. The Bermuda Economic Development Corporation had partnered with Florida-based Kalera ...

The island’s farmers appear to have been shut out of a planned vertical-farming industry — one of the Government’s central initiatives to revive the economy. At a press conference yesterday, Jason Hayward, the Minister of Economy, confirmed that the ...

The Government has come under fire for releasing the latest inflation figures only after it delivered its Throne Speech on Friday. The monthly statistics are normally released in the middle of each month. But the October bulletin was released late on...

Food prices have shot up by 9 per cent in the past year, while the fuel and power sector saw an increase of more than 15 per cent, according to the latest inflation figures. But overall the rate of inflation rose by just 4.5 per cent in the 12 months...

When the Throne Speech is delivered tomorrow, the Government is likely to strike a balance between laying out its policy and legislative plans for the year and the philosophy underpinning them. Some past speeches have been longer on philosophy than ...

This year, global central bank monetary policy tightening has caused the most damage to conservatively managed investment portfolios in over hundred years, according to a recent study by Bank of America. Federal Reserve chairman, Jerome Powell and h...

In 2022, Latin American and Caribbean countries are facing the effects of a series of shocks that have deteriorated their investment and production conditions, including the global financial crisis, economic tensions between major poles of the global...