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Bermuda must begin planning for the post-coronavirus world immediately, a business leader has warned. Patrick Tannock, chairman of the Association of Bermuda International Companies, added that for the island’s recovery and economic renewal to progre...

Accountant Raymond Jones has been named director of the new Government department of economic development. Mr. Jones, a certified public accountant, will take up the post on December 4 after spending seven years at the Bermuda Economic Development C...

Bermuda has recorded a negative inflation rate for a second consecutive month. In August the annual inflation rate was -0.7 per cent. That was an improvement on the -1.4 per cent recorded in July, which was the first time the island had a negative in...

A vertical farm could produce almost one third of Bermuda’s demand for leafy greens – the equivalent of 200 acres of farmland, it was revealed today. Wayne Furbert, the Cabinet Office minister, said the state-of-the-art farm could also reduce the cos...

The Government’s plan to boost the economy with a building programme includes about 40 projects valued at more than $11 million, the Minister of Finance has revealed. Curtis Dickinson said several of the projects were “slated to begin imminently”. He...

Plans to offer long term residency for investors in Bermuda will not equate to cash for citizenship, Jason Hayward, the labour minister, said this afternoon. Mr Hayward was speaking on the Government’s plans to revise the long-term residential certif...

There really is no reason to overcomplicate the relatively simple. The European Union and the Organisation for Economic Co-operation and Development — highlighted in Will Mc Callum’s recent article entitled “Proposed new tax rules likely to hit Bermu...

A charity set up to support at risk families and children said yesterday promised changes to the Financial Assistance system were long overdue. Gina Spence, founder of Gina Spence Productions, said: “Something is terribly wrong with a system when p...

A string of events designed to brighten up the festive season were announced today by the City of Hamilton, despite Covid-19 restrictions. A spokeswoman for the City said the celebrations had been adapted to comply with health regulations. The public...

A broad measure of Bermuda’s economic activity contracted in the first quarter of this year, primarily from the impact of the Covid-19 pandemic. Gross domestic product, the value of goods and services generated by the island’s economy, fell year-on-y...

Joe Biden has argued that President Donald Trump didn't so much build a strong economy as inherit one. It's good line, but it ignores the successes, at least before the pandemic, of Trump's unconventional policy. If Biden is elected president, he sho...

Bermuda’s inflation rate turned negative for the first time in 55 years in July. The annual rate was -1.4 per cent, which means consumers paid 1.4 per cent less for a basket of goods and services included in the Consumer Price Index in July than they...