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Plans to court immigrants who could bring investment into Bermuda got a lukewarm assessment from economic experts yesterday. Nathan Kowalski, the chief financial officer of Anchor Investment Management, backed the Economic Investment Certificate prog...

Non-Bermudians will be able to become long-term residents if they invest a minimum of $2.5 million in the country, the Labour Minister announced yesterday. Jason Hayward unveiled the new economic investment certificate policy yesterday which will com...

The Bermuda Tourism Authority has turned more of its focus on attracting visitors from Charlotte and London – and older travellers – as part of its drive to rebuild the industry. Glenn Jones, the interim BTA chief executive, said on an online webina...

American Airlines is to ground its service between Miami and Bermuda, it has been revealed. The airline will instead fly to the island from Charlotte, North Carolina. Glenn Jones, the interim CEO of the Bermuda Tourism Authority, said the move from ...

A broad measure of Bermuda’s economic activity contracted sharply in the second quarter of 2020, primarily due to the devastating impact of the Covid-19 pandemic. Gross domestic product, the value of goods and services generated by the island’s econo...

Retailers and restaurants were feeling the love as many residents flush with unspent cash from coronavirus restrictions opted for a little Valentine’s Day extravagance this weekend. “It’s been crazy,” said Shirmika Brown at El Shaddai Luxury Flowers,...

Retail sales volume increased by 7.9 per cent in October year-over-year, marking the fourth consecutive month of rising sales for a sector of the economy hit hard by the impact of the Covid-19 pandemic. This compares to the previous year’s local reta...

Bermuda’s annual inflation rate remained negative for the fourth consecutive month in October at -0.2 per cent. In July 2020, the island recorded its first negative inflation rate since 1965. Consumers paid 0.2 per cent less for a basket of goods and...

As contributors to the orange, or creative, economy, Bermuda’s artists and artisans are sometimes overlooked when the impact of an economic downturn is considered. But the island’s creative community took a hit in 2020 due to the impact of the Covid-...

A friend asked me in a discussion over coffee: “Khalid, what is the workforce going to look like 30 years from now?” He asked this question after experiencing some service from waitresses who seemed disconnected from us as customers. We were comparin...

A prediction by the Premier that the island’s first casino will open this year was backed by the chief executive of the island’s gambling watchdog. Jean Major added that regulators are carrying out the mandated checks on an application from Hotelco, ...

Over the past week I have heard some of the following conversations: A senior requesting that someone come to fix a leak in her roof. One of my colleagues expressing that Bermudians are excluded from well-paid jobs. A lady expressed gratitude for a t...