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Economist Craig Simmons believes that relying exclusively on foreign investment to boost Bermuda’s finances is a “grossly unbalanced” strategy and wants more encouragement to be given to smaller, local investors. In a detailed Q&A with The Royal Gaze...

Consumer confidence has hit a seven-year high as hopes rise among the public that the worst is over for the Island’s economy. Survey results revealed yesterday to business leaders as part of the inaugural Bermuda Business Confidence Report also showe...

Retail sales recorded their first increase in three months with August figures showing a 0.3 per cent improvement over the same month last year, according to the Retail Sales Index, which is compiled by the Department of Statistics. But after adjusti...

Bermuda’s rate of inflation held steady in March as consumers paid less at the pump for gas but nearly 3 percent more for their electricity compared to the month before. Between February and March 2013, the average cost of goods and services in the C...

Retail sales suffered yet another slump in February, according to statistics released this morning. The retail sales index showed that gross sales revenue from local retailers fell 5.8 percent to an estimated $70.3 million in February with retailers ...