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Bermuda’s inflation rate fell to 1.8 per cent in March. It was 2 per cent in February. According to the latest figures reported in the Consumer Price Index bulletin, the transport and foreign travel sector saw a 0.8 per cent increase in prices, with ...

There is an old hymn, Count Your Blessings, which includes the line “name them one by one”. I for one can see the perceived risk that cryptocurrency may implicate, but I would be foolhardy or outright bigoted to believe or proclaim there is no benefi...

A review of the threat of dirty money damaging Bermuda’s reputation found “no evidence” of terrorism financing, the Premier said yesterday. However, David Burt added money laundering from the drugs trade presented the most serious threat to Bermuda. ...

Importantly, these trends of rising income inequality also are reflected in our widest measures of personal income in Bermuda and over the same time period. The data presented in Figure 1 is taken from Bermuda’s Household Expenditure Survey of 1993 a...

Without question, the twin afflictions of extreme income inequality and mounting poverty are recognised as the defining economic and public policy challenges facing the world today. Far from being isolated to a few countries or a specific region of t...

Bermuda’s income inequality is “appalling”, but has not got worse in recent years, economist Robert Stubbs said yesterday. Mr Stubbs, a former head of research at the Bank of Bermuda, added: “I’m not making any excuses here for Bermuda’s status quo. ...

David Burt, the Premier, said that his government would provide the jobs promised by the One Bermuda Alliance administration. Mr Burt said: “We will not be distracted, we will continue to meet these investors, we will continue to provide hope and opp...

David Burt told the House of Assembly that the Standard & Poors upgrade from stable was important “as it supports lower interest payments and stimulates greater consumer and investment confidence”. He added: “The general public should accept the outc...

Bermuda’s economy expanded at a healthy pace in the third quarter of last year — and revisions to past data show the economy grew more than previously reported in the three quarters before that. Gross domestic product rose 3.9 per cent in the July th...

Equity markets were staging a comeback from early February’s plunge, but then came news of President Trump’s intention to impose tariffs of 25 per cent on imported steel and 10 per cent on imported aluminium. The surprise announcement tumbled global ...

Donald Trump announced tariffs on steel and aluminium last week. Although the US president feels “trade wars are good, and easy to win” I would suggest they are neither good nor easy. Although small targeted tariffs may be insignificant in the broad ...

A new drive towards people-powered business is to be headed by the former Bermuda Economic Development Corporation’s small business expert, it was announced yesterday. Jamahl Simmons, the Minister of Economic Development and Tourism, said William Spr...