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A Caymans business leader yesterday outlined the island chain’s recipe for success. Anthony Travers, chairman of the Cayman Islands Stock Exchange and senior partner in law firm Travers Thorp Alberga, said the Caribbean chain had learned from past mi...

A health timebomb could act as a drag on the Island’s economic recovery, according to a new survey by financial services firm Morgan Stanley. The research headed by a Morgan Stanley economist said that sugar consumption was fuelling increased rates o...

Bermuda consumers are seeing significant benefits from the collapse in world oil prices late in 2014, the latest Government statistics reveal. In December, premium fuel cost almost nine per cent less at the pump than it did a month earlier, according...

The number of work permits granted each year dropped by more than 6,800 in just six years, according to Government statistics released yesterday. The report showed that the estimated number of work permits issued peaked at 18,131 in 2007 — but had dr...

Plunging fuel costs limited the rise in the cost of living in November, according to Government statistics released today. The Consumer Price Index measured the annual rate of inflation at 2.3 per cent, down from 2.6 per cent in October. The main inf...

The standard shopping basket of goods and services was 2.6 per cent more expensive in October than a year earlier, the latest Government statistics have revealed. The average cost of items on the Consumer Price Index (CPI) rose by 0.3 per cent from S...

Retail sales jumped by more than four percent in September compared to the same month last year. A total of $82.2 million was spent — up 4.2 percent from the $78.8 million recorded for the same month in 2013. After adjustment for inflation — 1.4 perc...

The losses from Hurricane Gonzalo will be much less than feared, an insurance firm boss predicted yesterday. John Wight president and chief executive officer of BF&M, the biggest property insurer on the Island, said damage costs were likely to total ...

Inflation edged higher in July, driven by increases in the cost of healthcare and food. The annual inflation rate rose to 1.9 percent from 1.8 percent in June, according to the Consumer Price Index (CPI), published by Government today. However, betw...

Bermuda’s gross domestic product (GDP) grew to $5.6 billion last year — the first increase for five years. But after inflation is factored in the Island’s economy continued to shrink, falling 2.5 percent. But the percentage drop was less than the 4.8...