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Senators have unanimously approved concessions for both Elbow Beach and the former Surf Side Beach Club intended to help support renovations. A total of $11.8 million in concessions for the Elbow Beach Hotel were approved to support a $38 million red...

The Commission of Inquiry has issued a procedural statement, outlining its process for investigating the Auditor-General’s report. The statement, which follows meetings with CoI chairman Sir Anthony Evans during his visit to Bermuda last week, includ...

Economic Development Minister Grant Gibbons has defended Bermuda’s financial reputation on a Chicago radio show looking into the Panama Papers fallout. Dr Gibbons was interviewed for the morning show The Opening Bell with Steve Grzanich on WGN Radio,...

Dear Sir, Politics, politics, politics. Too much politics and too little rationale. Wayne Furbert presented a motion to create a Joint Select Committee to deal with the issue of the economy. Rather than reason with the merit of having a bipartisan c...

Our politicians need to stop kicking the can down Bermuda’s increasingly ill-maintained and potholed roads. After years of stopgap measures, piecemeal and patchwork repairs and pared-down funding, Bermuda must finally establish a comprehensive long-t...

There is an important, but quiet debate in the economics profession about what leads to big recessions: wealth or debt. Almost everyone agrees, at this point, that the “Great Recession” of 2007 to 2009 was caused by the financial system. But that lea...

The 2008 global recession. Who would have thought when it started that Bermuda in 2016 would still be feeling the economic effects of it? Why is this? And why did other countries such as the United States come out of recession so quickly by compariso...

The world today is undergoing a change of era. The unprecedented rise in global inequality, the increasingly severe effects of climate change and the ambivalent role played by the technological revolution, which multiplies capacities and threatens em...

Island jurisdictions like Bermuda should grab public-private investment opportunities and worry less about risk and the small print in contracts. The view came in a report by professional services firm KPMG into infrastructure in island regions. The ...

Dear Sir, The economy is on the verge of turning around, but it will not be noticeable until its effects have significantly increased jobs and thereby reduced unemployment. New projects will bring back life into this stagnant economy, but we need mul...

One of the important factors in understanding more about international business is for us to learn how to separate myth from fact. One of the best ways is to have a look at numbers related to international business. Today we will look at a few pertin...

Bermuda recorded a fifth successive quarter of economic growth in the last three months of 2015. Quarterly gross domestic product figures released by the Department of Statistics today showed that GDP was $1.4 billion in the fourth quarter of last ye...