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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 ...

More details about the Bermuda Government’s refinancing of a portion of the island’s $2.42 billion net national debt have been revealed. The Government had said it was looking to repurchase $424 million of its existing senior notes this month. Simult...

Hamilton shops will jump the gun tonight on Black Friday and stay open late. Gibbons Company and Sports ‘R’ Us will both open longer with discounts designed to attract shoppers. Stores traditionally open earlier than usual on Black Friday and hold “d...

Businesspeople will get the chance to show off their skills as detectives and bowlers at two special networking events. Teams will be invited to track a trail of clues around Hamilton and take part in a bowling night. The event is held under the Berm...

A community-centred economic rejuvenation model that is transforming a city in northern England could provide a springboard for Bermuda to try similar ideas. That is a hope of a strategist who will this evening give a free presentation in Hamilton ab...

The economic rejuvenation of the English town of Preston through “community wealth building” has attracted much attention in recent years. Julian Manley, one of strategists behind the ongoing economic transformation of Preston, will speak at an event...

US economic growth is likely to fall to below 2 per cent over the next decade, US chief economist for Standard & Poor’s, told a conference in Hamilton yesterday. Beth Ann Bovino said the slowing growth would be driven by retiring baby boomers leaving...

Bermuda must look at ditching its own dollar in favour of United States currency, Bermuda’s elder statesman has said. Sir John Swan floated the idea in an opinion piece on potential changes for Bermuda published in The Royal Gazette this month, which...

Bermuda’s gross domestic product grew by 2.5 per cent after inflation last year, thanks partly to an economic boost from the America’s Cup. The strongest growth was in the hotel and restaurant sector and the real estate and renting industry, two of t...

The dire warnings about minimum-wage increases keep proving to be wrong. So much so that, in a new paper, the authors behind an earlier study predicting a negative impact have recanted their initial conclusions. However, the authors still seem perple...

As we have written in previous reports, what fundamentally drives economic growth over the long term is the change in a country’s workforce and its change in productivity. This is the simple equation: Real Potential GDP Growth = Workforce + Producti...

“All those worried about Bermuda’s economy are justified in their concern ... two consecutive quarters of negative economic growth is a ‘big deal’” — David Burt, May 2017 For a prosperous Bermuda that benefits us all, the economy must be vibrant and...