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The Bermuda Government’s finances are tracking broadly in line with budget estimates for the first six months of the fiscal year. For the six months ending September 30, the Government’s total expenditure was $584.3 million, just under 50 per cent o...

Proposed rules to crack down on loan sharks are understood to have been revised after public consultation. The Debt Collection Act 2018 will be tabled in Parliament today after an initial draft was reworked to tackle concerns raised by lawyers, busin...

A teenage student exploring the science of taste can now reveal how she tracked down a potential genetic basis for the “sweet tooth”. Kameron Young, an International Baccalaureate student at Bermuda High School, is offering a presentation on her acad...

The new sugar tax could steer customers away from locally made products in favour of international competitors, according to some local businesses. The Government introduced exemptions for home bakers but small businesses have seen the cost of sugar ...

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...

LONDON — The UK renewed its attack against offshore tax evasion with plans to publish a new compliance strategy around the overseas entities that wealthy individuals use to conceal their assets. The move “will build on the substantial progress the UK...

Shirt pressed, shoes shined, but with a head hanging in shame, the surroundings were alien. Having lived a life according to the law, he never imagined himself standing in a courtroom. When companies collapsed all over the world, nightmare became a r...

More than fifty entrepreneurs received tips on how to shake up their industry at a “disruption and innovation” seminar hosted by the Bermuda Economic Development Corporation. The event at the Hamilton Princess & Beach Club, gave attendees an insight...

This month’s sharp rise in interest rates highlights the attractiveness of investing in shorter term bonds. Longer term, fixed-rate bonds generally decline in price when rates climb, while short-duration bonds are much less sensitive. Many “low durat...

I remember that some eyebrows were raised when we first announced our decision to be based in Bermuda. Even the professional services firms we engaged with to get ourselves started were forced to do some careful thinking. This wasn’t part of the norm...

The big news is that the United States, Canada and Mexico have a new trade deal called USMCA. The small news is that it is actually the same deal with some tiny but poignant adjustments that favour the Americans. The subtle truth is there was more to...

Th?e New York Times investigation of how Donald Trump built his fortune is deeply revealing on many levels. It also takes some work to get through, so here’s a summary of what I found most important in the piece. As you’ll see, although these revelat...