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LONDON (AP) — The Group of Seven wealthy democracies agreed today to support a global minimum corporate tax rate of at least 15 per cent in order to deter multinational companies from avoiding taxes by stashing profits in low-rate countries. G-7 fin...

Insurance firms yesterday backed the finance minister’s move to allow people struggling to make ends meet to take an extra $6,000 from eligible pension plans. But the adminstrator of a hospitality industry pension scheme said said hotel workers who h...

People suffering hardship because of coronavirus pandemic can withdraw an extra $6,000 from their pension funds, the finance minister announced yesterday. Curtis Dickinson said he had “wrestled with the decision” to allow people another round of acc...

The owners of Bermuda’s biggest hotel are expected to discuss finance arrangements for its refurbishment in the next month, the finance minister revealed yesterday. Curtis Dickinson said Gencom, the owners of the shuttered Fairmont Southampton, had s...

A bill of $5.3 million for unemployment benefits in just three months highlighted the economic impact of the latest coronavirus outbreak, the finance minister said yesterday. Curtis Dickinson said benefits had been paid to 4,938 people since March an...

All applicants who met the criteria to receive Government unemployment benefits have been paid, the Ministry of Finance said today. But a ministry spokeswoman added that more than 500 applications had still not been verified by employers, while more ...

Bermuda’s economy was grossly flawed before the Covid-19 pandemic and, one year later, still reeling with the continued deadly toll that this disease has had to life and work, we are nothing short of broke. The Government cannot sustain further borr...

Almost $1 million was paid to a company owned by the Government’s chief fintech adviser for technology to help tackle the coronavirus crisis. The news was revealed in a list of health ministry spending on coronavirus-related contracts. A notice publi...

More than $4m has been paid out to thousands of workers in unemployment benefits since a fresh round of pandemic restrictions were imposed last December, the Premier revealed last night. David Burt added the finance ministry was aware of delays in p...

The Ministry of Finance has said it needs more time to respond to a request for records on a multimillion-dollar contract awarded to an unlicensed debt collection company. Oarrs Inc was awarded the contract to manage a claw back of almost $75 million...

A quintet of professional women working in finance have joined forces to offer a free virtual summit to mark Financial Literacy Month. The panel, entitled "The 5 C’s of Business Success" will be presented by “Black Women Empowering Finances”, and wil...

The construction company hired to lead the failed Caroline Bay luxury hotel project has been accused of transferring funds meant for local subcontractors out of Bermuda, in breach of an agreement. A written complaint was made to the Bermuda Police S...