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Te Government spent more than $135,000 on specialists to help navigate the European Union’s demands for economic substance rules and Brexit-related matters. Legal and advisory firm Steptoe, which has offices in Brussels, London and Washington, was hi...

Bermuda dipped into a technical recession in the first three months of last year, revised figures show. The last time the island recorded two consecutive negative growth quarters — generally referred to as a technical recession — was 2014 when there ...

An economic indicator that strongly improved during the period when the island hosted the 2017 America’s Cup, has edged higher again. Bermuda’s gross domestic product for the second quarter of 2018, when adjusted for inflation, rose by 0.8 per cent y...

Bermuda’s economy is facing challenges on multiple fronts as it heads into 2019. A potent combination of increasing taxes, growing external threats to the island’s international business sector from the likes of the European Union, consolidation in t...

An education campaign will be rolled out to help local companies understand their responsibilities under new “economic substance” laws. Curtis Dickinson, the Minister of Finance, admitted work was needed to make sure people know what they must do to ...

For the first time in 5½ years, retail sales have fallen for more than six consecutive months. In September, the volume of sales dropped 6.8 per cent when adjusted for the rate of inflation, which was measured at 2.2 per cent that month. In dollar va...

Bermuda’s first attempt at legislation to address “economic substance” concerns was given the thumbs-down by European Union officials, The Royal Gazette understands. Three sources have claimed that the European Code of Conduct Group said last week it...

Market volatility has increased markedly over the past two months. There are several macro concerns fostering consternation and a concern among investors. Here are a couple to consider with some narrative: Powell Powers Ahead The market has become in...

Bermuda has been warned that on present trends it is heading for a downward spiral of demographic and economic decline. Experts added that the Government has taken a significant step back from fiscal targets set a year ago, with projected lower reven...

Bermuda’s insurance and banking industries have little to fear from imminent legislation to address European concerns over “economic substance”. That is the view of Christian Luthi, chairman of international law firm Conyers Dill and Pearman, who is ...

David Burt and other ministers of the Bermuda Government were among attendees at a presentation on a community-centred economic rejuvenation model that has helped transform the city of Preston in northern England. The event was held at the St Paul’s ...