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A little more than a year after “Black Tuesday”, when the rouble lost one quarter of its value in a day, the state of the Russian economy is still uncertain. During the past 12 months, gross domestic product declined 3.9 per cent, less than many anal...

The lean post-Christmas period and the recession’s lingering effects have contributed to the recent spike in robberies, according to a business owner affected by the crimes. Six incidents have taken place over the past four weeks, including raids on...

Bernie Sanders has been advancing in the Democratic presidential polls. He and Hillary Clinton are in a statistical tie in Iowa. The Vermont senator has also widened his lead in New Hampshire. The Sanders surge comes on the heels of a January 5 speec...

Bermuda’s economic growth is accelerating, according to the latest government figures. Gross domestic product in the third quarter of 2015 was $1.35 billion — up 6.3 per cent on the same period in 2014. Real GDP growth — that is, adjusted for inflati...

For decades, Bermuda has been a hostage to the vagaries of the global oil market. The biggest impact of the price of oil can be seen in our electricity cost, which in turn impacts the running costs of every home and business. The cost of filling up t...

White collar union leader Jason Hayward last night held out a 2016 olive branch to Government — and pledged to work with Ministers to reduce the cost of public administration. Mr Hayward, president of the Bermuda Public Services Union, said that 2015...

As the year draws to a close, commentator Nathan Kowalski gives his assessment on the state of the economy in Bermuda. The first two quarters of reported GDP in 2015 were comforting with real GDP growing 1.8 per cent. We expect, based on recent data...

Economist Craig Simmons is calling on the Bermuda Government to appreciate the pain ahead for people as it prepares for a likely tough year of union negotiations. Mr Simmons warned the Government could not make necessary debt reductions without restr...

Bermuda College lecturer and economist Craig Simmons answered The Royal Gazette’s questions and provided his assessment of the Island’s economy at the end of 2015. • To what extent do you believe that the Island is making a recovery from the recessi...

Confidence in Bermuda's economy is at its highest point since before the financial crisis, according to a poll. More than a third of registered voters — 36 per cent — said they had faith in the direction the economy was heading in the Global Research...

The financial services industry in Bermuda had foreign portfolio holdings of more than half-a-trillion dollars last year. At $516 billion, that was up 16 per cent on 2013. While the Island does not feature in the world’s top ten places with the large...

“We created seven companies in 54 hours. What did you do last weekend?” Most of the 30-odd people who were sitting in the room on December 4 had no idea what they were getting into. Some had an awesome idea that they wanted to share. Others had a bur...