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Ascendant shares slip 2020-06-03 18:31:00Shares of Ascendant Group were down 40 cents, or 1.3 per cent, at $30.60 after 400 traded on The Royal Gazette/BSX Index.One Communications Ltd improv

Consortium buys majority stake in Fortitude Re 2020-06-03 16:51:00A $2.2 billion deal to secure a majority interest in Bermudian-based multi-line reinsurance company Fortitude Re has been completed.Institutional inve

Corporate lawyer Raza joins Carey Olsen 2020-06-03 12:55:00Bermuda-qualified corporate lawyer Sheba Raza has joined Carey Olsen in London to expand the law firm's Bermuda law capabilities in the UK.She was pr

Butterfield offers payment deferral extension 2020-06-03 08:00:00Butterfield Bank is giving customers the option of deferring loan payments for another three months should they be facing ongoing financial difficulty

Report: HSBC reviews future in Bermuda 2020-06-03 08:00:00Bermuda is on a list of countries where HSBC Holdings is reconsidering or reviewing its future, according to reports. The HSBC board is pushing for th

One dips as Argus gains on BSX 2020-06-02 18:29:00Argus Group's shares rose in Bermuda Stock Exchange trading, while shares of One Communications fell.Insurer Argus gained three cents, or 1.4 per cen

BEDC Entrepreneurship 101 course resumes 2020-06-02 17:32:00After months of Covid-19 lockdown and social distancing, the Bermuda Economic Development Corporation is resuming its business courses.Registration is

RenRe aims to raise about $1bn in share 2020-06-02 12:10:00RenaissanceRe is looking to raise about $1 billion in capital through a sale of shares.The Bermudian-based reinsurer announced an underwritten public

Butterfield shares tumble 10.2% 2020-06-01 19:16:00Shares of Butterfield Bank fell $2.75, or 10.2 per cent, to $24.25 after 8,300 changed hands on The Royal Gazette/BSX Index.In New York, the bank's s

Sompo forms new technology unit 2020-06-01 17:08:00Bermudian-based re/insurer Sompo International Holdings Ltd has formed of a new team offering products to clients in the technology industry through i

Apex appoint Hanifan to US role 2020-06-01 12:21:00Global financial services provider Apex Group Ltd, has appointed Jon Hanifan as head of corporate solutions, Americas.Mr Hanifan is currently head of

Electricity consumption level plummets 2020-06-01 08:00:00Bermuda's power consumption has dropped to its lowest level in 20 years, The Royal Gazette can reveal.Economic activity and population size have hist

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Shipping Schedule: Week Starting June 6 New! 2020-06-06 07:00:58The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday June 6th. On Monday t

Rosewood Launch ‘Weekend Escape’ Package New! 2020-06-06 06:00:53Rosewood Bermuda has launched a ‘Weekend Escape’ package for people on the island, with rates starting at $365. A spokesperson said, &ldqu

One Communications May Share Repurchases New! 2020-06-06 06:00:10In a filing with the Bermuda Stock Exchange [BSX], One Communications Ltd., advised that pursuant to its share repurchase programme, during the month

Bermuda Stock Exchange Report: June 5 2020 New! 2020-06-06 05:15:05June 5 saw 24,300 shares trade on the Bermuda Stock Exchange, valued at $57,945.00 BD. 10,000 shares were traded by LOM Financial Limited, closing eve

Moody’s Affirms Bermuda’s A2 Ratings 2020-06-05 15:46:23The Minister of Finance Curtis Dickinson today announced that credit rating agency Moody’s Investors Service [Moody’s] has affirmed Bermud

Al Fresco Dining Initiative In City Of Hamilton 2020-06-05 15:34:05The City of Hamilton, working in collaboration with various organisations, are working to implement additional al fresco dining in the city of Hamilto

Opportunity To Lease Horseshoe Bay Cafe 2020-06-05 13:40:12The Ministry of Public Works is inviting proposals to lease the Horseshoe Bay Beach House Café. A BTA spokesperson said, “A hospitality b

Sea Breeze To Host Live Entertainment Tonight 2020-06-05 10:15:52Live entertainment will be on offer with Finny this evening [June 5] at Sea Breeze at Elbow Beach, with the performance set to take place from 5.00pm

Minister Dickinson On Govt Loan Agreements 2020-06-05 10:13:13[Ministerial statement from Minister of Finance Curtis Dickinson] Mr. Speaker, Honourable Members are advised that on Monday, March 23, 2020 and on Fr

BCB Cricket & The Booth 2 Apparel Partnership 2020-06-05 09:26:00The Bermuda Cricket Board [BCB] has partnered with The Booth 2 to sell BCB apparel. A spokesperson said, “The Bermuda Cricket Board is pleased t

TLC Group To Host Webinars & Courses 2020-06-05 06:32:22The TLC Group will be hosting webinars and courses for individuals and organizations to help them adapt to the “New Normal” and prepare fo

Athene Declares Q2 Preferred Stock Dividends 2020-06-05 05:51:37Athene Holding Ltd. announced that it has declared the following preferred stock dividends on its non-cumulative preference shares [represented by dep

Reuters: Business News

Oil rises on U.S. jobless drop, OPEC+ meeting 2020-06-05 09:15:04Oil prices rose on Friday after an unexpected fall in the monthly U.S. jobless rate and OPEC's decision to bring forward to Saturday discussions on w

U.S. labor market unexpectedly improves in May 2020-06-05 09:13:49The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn t

Canada gains surprise 289,600 jobs in May, jobless 2020-06-05 09:11:14Canada unexpectedly gained 289,600 jobs in May even as the jobless rate hit a record high at 13.7%, data showed on Friday, buoyed by the loosening of

Canada adds net 289,600 jobs in May 2020-06-05 09:11:14Canada added a net 289,600 jobs in May, with most of the employment gains coming in full time, Statistics Canada said on Friday. The rebound in May hi

LVMH backs down on renegotiating Tiffany deal: sources 2020-06-05 09:09:52French luxury goods giant is not seeking to renegotiate its $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whet

Wall Street set to open higher on surprise 2020-06-05 09:08:53The S&P 500 and Dow Jones indexes were set to jump at the open on Friday after a closely watched report showed a surprise drop in the U.S. unemplo

WeWork Global to invest $100 million in India 2020-06-05 09:07:45WeWork will invest $100 million in its Indian business as the office-sharing startup looks to work its way through the ongoing coronavirus crisis, whi

May U.S. payrolls rise fans hopes for economic 2020-06-05 09:05:05The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department said on Friday in a report that showed the latest signs t

Trump congratulates self on U.S. jobs report, will 2020-06-05 09:03:10President Donald Trump on Friday sent a tweet taking credit for a stunning U.S. jobs report that showed the country's unemployment rate dropped durin

Suntory CEO says 20% of restaurants may fail 2020-06-05 08:58:36Takeshi Niinami, the head of Japanese drinks and food group Suntory Holdings and a government adviser, predicted on Friday that more than 20% of bars

Bombardier to cut 2,500 aviation jobs as COVID-19 2020-06-05 08:23:14Canadian business jet maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11% of its workforce, at its aviation unit as the COVID-19

BBC appoints insider as new boss to negotiate 2020-06-05 08:13:15The BBC appointed an insider as its new director general on Friday, tasked with securing the future direction and financing of the publicly-funded Bri

Business - The Huffington

Vegas Is Reopening. But When Will The Jobs 2020-06-01 05:45:24Hotels and casinos won't be the same, post-pandemic. With Las Vegas' unemployment at 33%, workers fear their jobs won't be the same, either.

How Republicans Became The Party Of Death Panels 2020-05-31 08:00:07A decade after the Obamacare debate, COVID-19 reveals who really cares about the sick and the elderly.

More Grocery Chains Are Ending Hazard Pay Even 2020-05-29 13:18:57As one meat clerk put it, "Last I checked, people are still dying."

They Were Making Poverty Wages, Plus Tips, Before 2020-05-29 08:00:00Unemployed wait staff and bartenders are struggling to get unemployment benefits, and the work isn’t really coming back.

Latam, South America's Biggest Airline, Files For U.S. 2020-05-26 03:40:26Headquartered in Chile, the airline -- like the rest of the travel industry -- has struggled to stay aloft amid the coronavirus pandemic.

A North Carolina Salon Reopened, But Poultry Workers 2020-05-25 16:47:48The hair salon says too many employees at the local Tyson plant have been infected with the coronavirus.

As Fishermen Flounder, Trump Clears A Path For 2020-05-25 05:45:36Struggling commercial fishers and environmentalists say the White House is exploiting COVID-19 to privatize the ocean.

Got Vacation Time? You Should Use It, Especially 2020-05-24 08:00:10The coronavirus pandemic is stressing everyone out. If you can, take a break — and don't feel guilty about it.

Hertz Files For Bankruptcy As Car Rentals Decline 2020-05-22 18:12:08Hertz Global Holdings Inc filed for bankruptcy Friday night.

How Weight Watchers Fired Workers Via Zoom, The 2020-05-22 05:45:10Many of them were devoted longtime members of the iconic weight-loss program. They’re heartbroken.

One Way To Protect Workers In A Pandemic: 2020-05-22 05:45:10Unionized workers are far more likely to speak out about dangerous working conditions during the coronavirus pandemic. There's no mystery as to why.

Facebook Expects Half Of Its Workforce To Be 2020-05-21 20:00:24Mark Zuckerberg said that transition to remote work was a prediction of the company's future and not a target they were trying to hit.

Christian Science Monitor |

In Chicago’s Little Village, federal aid begins to 2020-05-26 15:16:00Slow in coming to minority firms, the government’s Paycheck Protection Program is now offering a lifeline. But for some, it may not tide them ov

US unemployment rises to 39 million as states 2020-05-21 11:47:40The latest U.S. unemployment number increased by 2.4 million to 39 million. But some companies have begun to rehire a limited number of their laid-o

Where’s the beef? Pandemic exposes cracks in US 2020-05-19 13:15:00Most Americans have grown accustomed to plentiful food. The pandemic has exposed shortcomings in a complex and often convoluted U.S. food system.

Another big job-loss wave looms: state and city 2020-05-19 10:34:00A steep downturn in the private sector is poised to cause big job losses in state and local governments. Relief could come from Congress.

An impossible comeback? The small New York shops 2020-05-18 14:08:00Even before the pandemic, many small-business owners in New York were operating on small margins. Now they’re facing tough decisions.

U.S. auto industry reopens, sparking hope in job 2020-05-15 12:23:06About half of all auto workers are expected to return to factories next week, which have been shuttered since mid-March due to the pandemic. The cauti

Should jobless renters be evicted or forgiven during 2020-05-13 12:17:14About 43 million households in the United States are renters and as jobless rates continue to spike many are either forgoing or unable to pay rent. Bu

Keep working from home? How office-life will change 2020-05-12 11:30:56Businesses are considering new safety measures for communal workplaces, how to improve online collaborations, and if they need a physical location at

Is this crisis giving capitalism a moral nudge? 2020-05-08 17:06:37Many corporations are boosting pay or health protections for workers in the pandemic – or are facing criticism if they don’t.

Revive economy with virus-immune workers? Not so fast. 2020-05-08 16:17:57The flurry of interest in antibody testing as a shortcut to reopening hard-hit cities like New York has given way to humility.

Ridesharing has plummeted. Can food delivery save Uber? 2020-05-08 13:42:41Uber is cutting 14% of its workforce and offloading its bike and scooter business after losing $2.9 billion in the first quarter. But the company's m

Deceased taxpayers were sent relief checks. Should they 2020-05-08 10:58:00The Trump administration and IRS are urging families to return coronavirus relief payments sent to the deceased, but legal experts say there is no law

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Ladakh standoff: Talks over between military commanders of New! 2020-06-06 09:00:10The talks between Indian and Chinese military commanders began at around 11.30 am in Moldo, almost two hours behind the earlier schedule

How backpack-maker Wildcraft carved plan B to rise New! 2020-06-06 08:54:09Flipkart- and Sequoia Capital-backed company looks at selling over 30 million face masks this quarter

Amul Twitter account blocked briefly after it posted New! 2020-06-06 08:51:18Amul's Twitter handle could be accessed when checked on Saturday afternoon and the post containing the cartoon was also visible

Coronavirus LIVE: With 370 new cases, UP's tally New! 2020-06-06 08:23:38Coronavirus statewise update: Maharashtra, Tamil Nadu, Delhi, Gujarat, Madhya Pradesh and Rajasthan all recorded the most number of covid 19 cases on

Govt destroying economy by refusing to give cash New! 2020-06-06 07:52:12Gandhi has called for an immediate provision of Rs 10,000 to the poor and an economic stimulus package for the MSME industry to come out of the curren

Vedanta reports net loss of Rs 12,521 cr New! 2020-06-06 07:13:50The consolidated income of the company during January-March quarter dropped to Rs 20,382 crore

L&T board approves A M Naik's reappointment as New! 2020-06-06 06:38:48Naik's present tenure is scheduled to end on September 30, the conglomerate said in a regulatory filing to the BSE

Few pvt Delhi hospitals doing 'black marketing of New! 2020-06-06 06:06:09The government is talking to the owners of private hospitals to determine their problems in reserving 20 per cent of their beds for Covid-19 patients,

India coronavirus dispatch: Can 'social bubbles' contain Covid-19 New! 2020-06-06 04:40:51From cancer care through the pandemic, to Mumbai's efforts to ramp up its health infra, and how our cities turned the crisis from bad to worse - read

Covid-19 opportunity for India to speed up Ayushman New! 2020-06-06 03:00:11After India, Pakistan is the worst affected in South Asia with 89,249 Covid-19 cases, and 1,935 fatalities

China has little respect for India's efforts to New! 2020-06-06 02:22:06By its brazen actions, Beijing has forced New Delhi to join the rest of Asia in figuring out how to deal with the newest turn in China's "salami-sli

Former V-P Joe Biden formally clinches Democratic presidential New! 2020-06-06 02:00:54Biden now has 1,993 delegates, with contests still to come in eight states and three US territories

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