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Businesses already hurt by the economic impact of Covid-19 are braced for another hit caused by the cancellation of Cup Match and associated events. Some of those in the West End, where Somerset Cricket Club was scheduled to host this year’s game on ...

This article was written in a Bermuda bedroom. It will be proofread in Paget, spellchecked in Sandys, and posted online from Pembroke. Home working has changed the way we work, and it is now changing how we pay our taxes. For those of us based on isl...

Struggling bars and restaurants will be able to apply for payroll tax relief, the Minister of Finance announced yesterday. Curtis Dickinson said that for the quarter scheduled to end tomorrow, payroll tax would be rated zero for the employer and empl...

A team from Bermuda High School showed they can pick stock market winners after they boosted the value of their virtual investment portfolio from $100,000 to $121,685 in six months. The team, The Profit-eroles, won the KPMG Senior School Investment C...

This year’s bipolar market swings have been exceeded only by the wild price action during the Great Financial Crisis in 2008 and the beginning of Great Depression in 1929. Stock markets around the globe tumbled dramatically in late February and March...

Nine Bermuda reinsurers hit with a number of high catastrophe-loss scenarios would be able to meet all their obligations, a stress test by financial regulators found. Tests conducted jointly by the Bermuda Monetary Authority and Britain’s Prudential ...

The coronavirus pandemic sparked a new business idea for a husband-and-wife team after they noticed their children spent more time staring at computer screens and tablets during the pandemic lockdown. Talia Simons feared that shuttered schools and mo...

Economic growth slowed in the second half of last year, government statistics reveal. Gross domestic product contracted by 0.1 per cent in the third quarter and grew by 0.3 per cent in the fourth quarter, taking inflation into account. The two report...

Government spending has exceeded tax revenue in every year this century. A series of deficits¹ ensued, culminating in a debt of $2.7 billion. This state of affairs led the Government in 2015 to create the Fiscal Responsibility Panel, an advisory grou...

There have been numerous articles on the scope of the economic challenges Bermuda will be facing over the next few years. As we move forward in the next phases of cautious reopening, there are obvious sectors that will require more support — in parti...

Shoppers will be able to budget better after a database designed to show the cost of essential goods in different stores was backed yesterday by MPs. The House of Assembly heard that the public sometimes rushed to judgment over price gouging when som...

The rate of inflation fell to 0.3 per cent in March, its lowest level since May last year. In March, the inflation rate was 0.6 of a percentage point lower than it had been in February. Between February and March, the average cost of goods and servic...