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The Government plans to create a vertical farming industry on the island have been put on hold after the overseas company behind the scheme reported massive losses. The Bermuda Economic Development Corporation had partnered with Florida-based Kalera ...

Spending approval will be sought by the Ministry of Home Affairs for a $500,000 scheme – announced four months ago – to hand out LED light bulbs to families. Walter Roban, the minister, provided an update on the Progressive Labour Party administratio...

This year, global central bank monetary policy tightening has caused the most damage to conservatively managed investment portfolios in over hundred years, according to a recent study by Bank of America. Federal Reserve chairman, Jerome Powell and h...

The Government is pressing ahead with plans to revitalise the economy — but does not have “a magic wand” to bring about instant progress, according to the Premier. In an interview with The Royal Gazette this week, David Burt revealed that a deal to d...

The Government should impose a minimum corporate tax on big business if it is serious about tackling the cost-of-living crisis. This is the view of Chris Furbert, the president of the Bermuda Industrial Union, who presented a case for such a move a...

The Government should reduce duty on all goods by at least 20 per cent to address the cost-of-living crisis, the president of the Bermuda Industrial Union has asserted. Chris Furbert was speaking at the first of four town hall meetings organised by ...

College and university graduates who are looking for work were encouraged today to apply for a government scheme to help boost their job prospects. The Department of Workforce Development invited interest for its 2022-23 graduate trainee programme. A...

A $15 million economic relief package to help working families was announced by the Premier in the House of Assembly yesterday. David Burt, who is also the Minister of Finance, said that financial support will be given to people with children in publ...

Bankers last night reacted to the direct hit they took from government on Friday when David Burt, the Premier and Minister of Finance raised alarm on the floor of the House of Assembly at the escalating rise in bank fees and charges. The Premier laid...

The government has threatened Bermuda’s banks to rein in escalating bank fees and globally-abnormal bank charges, or face government-imposed limits. And a near 10 year old Progressive Labour Party promise to crack down on banks is a step closer to re...

About a third of residents feel forced to buy less food and almost a fifth are choosing less healthy options owing to rising prices, says a new survey

A charity dedicated to helping the island’s older people said many of its members wanted greater price control regulations in the face of creeping cost-of-living increases. Age Concern Bermuda highlighted that its financial hardship support totalled ...