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Economy (general)

News

Afiniti plans to have 1,000 staff on island in five years

A billion-dollar data and software company that moved staff to Bermuda as digital nomads last year has ambitions to boost its presence to 1,000 employees in five years. Afiniti, which has a focus on artificial intelligence, has brought about 65 staff...
Jan 12, 2021
Politics

Burt backs fintech and promises new products

The Premier said new products were being created in the financial technology sector – although progress was slower than he had wanted. Mr Burt admitted: “I would have liked it to advance faster. “But I think we are in a far better position as a count...
Jan 11, 2021
Opinion Writer

Fighting wealth inequality an uphill battle

When Jamie Dimon, the head of America's largest bank, says the US economy is in jeopardy, Federal Reserve policymakers and elected officials ought to take notice. This detail was tucked away in a Wall Street Journal profile of JPMorgan Chase's chief ...
Jan 04, 2021
Editorials

Goodbye 2020, hello 2021!

The obituaries are being written for 2020. The common theme is good riddance and bring on 2021. This has indeed been one of the most difficult years in living memory. Only people who are in their mid-eighties or older will recall 1940, when the futur...
Dec 31, 2020
Tourism

Bermuda tourism on gradual path to recovery - Glenn Jones

Bermuda’s tourism industry is on a “slow and gradual” path to recovery, according to the head of the Bermuda Tourism Authority. Glenn Jones, the interim CEO of the BTA, told the World Tourism Network in an online presentation last Saturday that the b...
Dec 31, 2020
General

World Heritage Centre closes doors for the last time

The St George’s Foundation vowed yesterday to continue to tell the story of Bermuda’s history despite the closure of the World Heritage Centre. The foundation will lock the doors of the Queen’s Warehouse at Penno’s Wharf – the former home of the WHC ...
Dec 30, 2020
General

MarketPlace extends discount days

MarketPlace stores have extended their discount days scheme until at least the end of March 2021, it was announced today. A spokesman said the grocery store chain will continue to offer 5 per cent discounts on Monday, Tuesday and Wednesday through th...
Dec 23, 2020
Politics

Staff hit by bar and restaurant restriction will get benefits

The Government last night admitted that a massive power cut had hit its ability to process benefits to workers hit by coronavirus restrictions. A spokeswoman said some payments were processed yesterday for payment today. But she added that “the power...
Dec 23, 2020
Politics

Dickinson: Newly unemployed to get benefits this week

Fifty staff at bars, nightclubs and members’ clubs who lost their jobs because of Covid-19 restrictions should get their benefits from the Government this week, the finance minister said last night. Curtis Dickinson said at a press conference that a ...
Dec 17, 2020
Economy

Economic impact of pandemic laid bare

There is a risk that the impact on Bermuda’s economy from the Covid-19 pandemic may be more severe and longer lasting than currently anticipated. That warning comes even as the projected fall in the island’s gross domestic product this year has been ...
Nov 30, 2020
Politics

Education authority must be independent, says senator

A proposed education authority must be free from government influence, a newly appointed independent senator said yesterday. Speaking during the Senate debate on the Throne Speech, John Wight said: “I am pleased to see the creation of an education a...
Nov 26, 2020
Tourism

SailGP international event expected to boost economy

Up to $8 million could be generated for the economy when the second season of an international sailing event begins next spring, the Bermuda Tourism Authority said. The Bermuda Grand Prix will launch the SailGP 2021-22 calendar on the waters of the G...
Nov 24, 2020
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