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The recession in Bermuda caused by the Covid-19 pandemic will be deeper than the economic downturn that followed the 2008 financial crisis, an economist said. “This recession will be deep, dwarfing the one resulting from the financial crisis, but it ...

Telecoms company One Communications is pressing the pause button on service disconnections for an indefinite period due to the Covid-19 pandemic. One said mobile, internet, television and home phone accounts will remain active even in the event that ...

Clarien Bank has closed its Paget branch until further notice. The bank announced the closure today, adding that all operations are being centralised through its main branch on Reid Street in Hamilton. That outlet remains open from 8.30am until 4pm,...

Shipping companies in Bermuda have taken special measures in a bid to keep their crews and ships free of the Covid-19 virus, and to ensure that the pipeline of food and other essential goods to the island remains open. Steps include extending the ser...

The chief executive officer of Bermuda’s Pension Commission has questioned why the island’s new airport was not financed locally. Peter Sousa was speaking on a panel at “2020 Vision: Straight Up. No Chaser”, presented by recruitment and immigration c...

Bermuda’s struggling real estate market will only recover if the island’s banks begin lending again, an economist told a construction and trades industry conference. Robert Stubbs, who is head of research at think tank Seed Bermuda, was speaking on a...

Bermuda must do a better job of reducing its debt burden, a leading economic commentator told attendees at a construction and trade industry conference. Craig Simmons, senior economics lecturer at Bermuda College, was speaking on a panel at “2020 Vis...

Requiring first-time homebuyers to live in their property for three years before receiving stamp duty relief has seen sales under a government programme “grind to a halt”, a leading real estate industry figure said. Sharon Cranfield, chairwoman of th...

Allowing work permit holders to purchase condominiums could stimulate the island’s struggling real estate market and provide relief for Bermudian owners seeking to sell their properties, leading industry figures said yesterday. Brian Madeiros of Cold...

It is not the job of the Bermuda Government “to step in and bail out retail”, the Minister of Finance said yesterday. Curtis Dickinson was speaking during the annual Budget Breakfast panel discussion hosted by the Bermuda Chamber of Commerce. He adde...