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While everyone knows the story about China and its enormous growth potential, few take the time to consider the scope of the change that has already occurred there. Chinese statistics have often been criticised for being less than accurate and even k...

The US Consulate recognised six shipping companies located in Bermuda for participating in the US Coast Guard’s voluntary search and rescue network, AMVER (Automated Mutual-Assistance Vessel Rescue). Search and rescue authorities around the world us...

Rodney Trott has yet to decide who to sign with for the rest of the season, and may not join anyone at all. The Social Club skipper has until Friday to register with a new team for the remainder of the year, and is believed to be in the middle of a t...

Bank depositors will be covered for up to $25,000 of their cash in their bank under legislation for a new deposit insurance scheme tabled by Premier and Finance Minister Paula Cox on Friday. Plans for the Island's first such scheme have been in the w...

The two top reinsurance executives with Bermuda-domiciled Torus Insurance Holdings Ltd are leaving, the company has confirmed. Bermuda-based Tim Mardon, the group's president and chief underwriting officer of reinsurance, is set to rejoin his former ...

An strengthened framework to combat money-laundering has brought a sharp increase in prosecutions and seizures, according to Attorney General and Minister of Justice Michael Scott. Mr Scott told MPs in the House of Assembly that the work of the Nati...

Bermuda batsman Chris Douglas has been kicked off the national team for ‘failing to maintain tour standards’. However, Bermuda Cricket Board refused to specify what those standards were, or how Douglas had broken them. Douglas had been due to travel ...

NEW YORK (Bloomberg) Caterpillar Inc. used offshore subsidiaries in Bermuda and Switzerland to avoid about $2 billion in US taxes from 2000 to 2009, boosting its earnings through a “tax and financial statement fraud”, according to a Caterpillar execu...