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Digicel is aiming to shave $1.7 billion off its $7 billion debt burden through a debt restructuring which could eventually result in creditors owning nearly half the company. The telecommunications group, which has operations in 32 markets including ...

HSBC Bermuda has pledged to donate $180,000 to support those impacted by Covid-19. An allocation of $140,000 will be divided among six local charities that support seniors, children and education, single-parent homes, vulnerable individuals and the f...

Rising costs in the health and personal care, food and rent sectors were the main drivers of inflation in January. Consumers paid 1 per cent more in the month than they did a year ago for the basket of goods and services included in the Consumer Pric...

A Toronto microbrewery has released a limited-edition beer bearing the name of the island. Bermuda, a double dry-hopped IPA, is available now in bottles at the Bandit Brewery retail store in Toronto’s west end, and at its online shop, which delivers ...

Corporate lawyers Kit Cunningham and John Small have joined the Bermuda office of international law firm Appleby as associates. Mr Cunningham practices in all areas of corporate and commercial law, including finance, insurance, public and private M&A...

Ascendant Group Ltd has donated $100,000 to food charity The Eliza DoLittle Society. In a statement, the parent company of electricity utility Belco said its contribution was aimed at helping those most impacted by the Covid-19 crisis. “What is clea...

With people working from home and being surrounded by their spouse, children, and in some cases parents, the prospect of they or a loved one contracting the coronavirus and how it might impact their family, is a natural topic of conversation. It is ...

International law firm Appleby is providing clients with guidance about how offshore governments in the jurisdictions in which they operate are responding to the Covid-19 pandemic. The second issue of the firm’s new Offshore Business Update was launc...

Retail sales fell 3.1 per cent in January by volume, making it the 21st month out of the last 23 when sales volume in Bermuda has fallen year-on-year. In value terms, retail sales declined 2.4 per cent to an estimated $84.4 million, a drop of $2 mill...

Fitch Ratings has downgraded the issuer default ratings of Digicel Group Limited, Digicel Group Two Limited and Digicel Group One Limited to ‘C’ from ‘CC’, ‘CC’, and ‘CCC’, respectively, following the suspension of interest payments on the latter two...