Log In

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...

Bermuda’s inflation is 1.9 per cent after it edged 0.1 of a percentage point lower in December. There was a 0.2 per cent decrease in the average cost of goods and services between November and December, as measured by the Consumer Price Index. The al...

A move to control food prices may not help disadvantaged island residents, an economist warned yesterday. Craig Simmons, senior economics lecturer at Bermuda College, said: “It is difficult to see how price controls can help those in poverty.” Mr Sim...

Senators agreed yesterday that importers of food and other goods should face fines of up to $5,000 if they fail to provide information to a new commission set up to look at their import costs and profit margins. The Upper Chamber approved the Price C...

The Bermuda Government wants the island’s population to return to the levels seen in 2006 and 2007, when the island was enjoying an economic boom time. And the Government is listening to the needs of the business community, and looking at ways of low...

A three-strong panel of financial experts has highlighted “slippage” in Bermuda’s bid to balance its books. David Peretz, chairman of the Fiscal Responsibility Panel, said: “The last Budget showed a little bit of slippage — whereas previously the obj...

Bermuda enjoyed an economic boost during the second quarter of the year as it hosted the 35th America’s Cup. There were double-digit percentage increases in both the number of air arrivals and the amount of money those visitors spent on the island. R...

Bermuda is continuing its glide path towards budget equilibrium, but there is still some way to go as shown by the latest revenue and expenditure figures. At the end of September the gross debt was $2.515 billion. The Bermuda Government aims to reach...

Bermuda Government’s debt hit $2.515 billion at the end of September. However, the rate of debt growth is slowing as the gap between revenue and expenditure narrows. In the six months to the end of September, stronger than expected Custom duty receip...

Bermuda’s current account recorded a surplus of $145 million in the second quarter of the year. This was down $9 million year-over-year. The decline mostly reflected a widening of the deficit on merchandise trade due to an increase in the value of im...

The impact of economic disparity was at the heart of debate in the House of Assembly on Friday. During an often impassioned series of speeches, MPs said that action must be taken to address the issues facing the island. The Motion to Adjourn discussi...