Tuesday, October 20, 2026
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AMD plans to substantially increase supply in 2027, CEO says

AMD, Nvidia’s closest rival in AI graphics processors, has been rapidly expanding its AI chip business, with its market value recently topping $1 trillion amid an AI-driven rally

FILE PHOTO: The logo of semiconductor company Advanced Micro Devices (AMD) is displayed over a booth at the Web Summit digital trade show in Vancouver, British Columbia, Canada, May 12, 2026. REUTERS/Chris Helgren/File Photo

International News via Reuters:

AMD plans to substantially increase chip supply in 2027 as the US chipmaker races to meet booming demand from artificial intelligence, CEO Lisa Su said on Tuesday.

AMD, Nvidia’s closest rival in AI graphics processors, has been rapidly expanding its AI chip business, with its market value recently topping $1 trillion amid an AI-driven rally.

“We’ve been able to increase our supply as we’ve gone through 2026, and we’re going to substantially increase our supply in 2027,” Su told reporters in Taipei.

Su said one purpose of her Taiwan visit was to ensure AMD’s supply chain could ramp up CPU and GPU production to meet growing AI demand. She has met Foxconn and is due to meet TSMC as part of discussions with local partners.

AMD is also working closely with memory chipmakers to secure sufficient supplies, Su said, ahead of a visit to South Korea later on Tuesday. South Korea is home to memory giants Samsung and SK Hynix.

Asked whether TSMC had discussed a potential investment in Texas with AMD, Su did not answer directly, but said the company would need additional advanced wafer capacity to meet strong demand.

“There’s very, very high demand for the next several years. We can see very high demand, and so we need more advanced wafer capacity,” Su said, adding that AMD was now planning three to five years ahead.

Reuters reported last week that TSMC is evaluating potential investment in Texas.

Su also said AI could be “incredibly good for the world” but warned companies must remain mindful of risks and work together on AI safety.

She said coordination among leading technology companies would be important as AI and superintelligence advance, describing last week’s AI summit between US President Donald Trump and technology executives as an important step.

Companies attending the meeting agreed to work with “independent auditors” to assess whether AI systems are operating as intended by their designers, according to a copy of the agreement posted by Trump on his social media platform.   

Reporting by Wen-Yee Lee. Editing by Miyoung Kim and Mark Potter

Muso sparks McDaniel College fightback in Georgia

Bermuda’s Dylan Muso mounted an impressive second-round turnaround to anchor McDaniel College into a tie for 10th place at the West Pines Collegiate Golf Tournament.

The Maryland-based outfit closed round two on 10 over par at West Pines Golf Club in Douglasville, keeping themselves well within striking distance heading into the final stages.

Muso, tied for 65th individually, rebounded with poise following an erratic start. After struggling to find momentum during a five-over-par 76 on day one—hampered by four bogeys and a double bogey—the Bermudian found his groove on round two.

Shaving four strokes off his opening score, Muso signed for a gritty one-over-par 72 featuring three birdies and 11 steady pars to steady the ship. His vital four-shot swing ensured the Green Terror stayed firmly inside the top 10 on a tight, unforgiving leaderboard.

Revised Customs Traveller Declaration forms are now in effect

The Customs Department advises the public that the new Customs Traveller Declaration (Customs Form 98 (3/26) is now in effect as of 1 October 2026. The revised Form 98 updates Bermuda’s customs declaration process for persons arriving in and departing from Bermuda and introduces enhanced requirements for the declaration of certain goods and high-value items.

Under the new requirements, all travellers departing from Bermuda must declare precious metals and precious stones with a cumulative value exceeding BDA $10,000, or the equivalent value in foreign currency. This requirement applies to travellers departing Bermuda by air or by sea.

The new declaration requirement strengthens Bermuda’s customs controls by ensuring that high-value precious metals and precious stones are subject to declaration requirements similar to those that apply to significant amounts of currency and negotiable instruments.

The existing requirement to declare currency and negotiable instruments with a cumulative value exceeding BDA $10,000 remains unchanged.

The revised Form 98 also incorporates the BDA $300 duty-free allowance for Bermuda residents and updates the categories of goods and information required when making a customs declaration.

Travellers are encouraged to familiarise themselves with the revised declaration requirements before travelling and to ensure that all required information is declared accurately.

As a transitional measure, the superseded Customs Form 98 (4/16) will continue to be accepted by Customs until 31 October 2026. Travellers are encouraged to use the revised Form 98 (3/26).

The Revenue (Customs Traveller Declaration) Amendment Notice 2026 came into operation on 1 October 2026.

Bermuda target podium in Munich as manager Riley prepares for swansong

Bermuda’s national men’s bowling team depart for Munich this week to contest the 2026 International Bowling Federation (IBF) World Cup, targeting global honours in what will be an emotional finale for long-serving manager Steven Riley.

The tournament, taking place from 12–21 October, brings together elite bowlers from 48 nations in both singles and team match-play divisions.

The Bermudian quartet of LeVinc Samuels, Lamar Richardson, David Maycock, and Anthony Hayward arrive in Germany aiming to build on an impressive showing in Hong Kong, where they reached the last 16 across both disciplines.

“My main goal is staying focused, trusting in my preparation, and helping the team achieve the best possible result,” said Richardson ahead of departure.

Team-mate Maycock is equally bullish about Bermuda’s podium credentials: “The focus will be making good shots which will enable everything else to fall into place. We want to stay confident and come away with a medal.”

The blue-riband team event will be contested under the Baker format, featuring head-to-head pool fixtures to decide which nations advance to the knockout rounds.

Having sharpened their competitive edge at this summer’s Central American and Caribbean (CAC) Games in Santo Domingo, the squad will lean heavily on recent international experience.

For team manager Riley, who retires after more than four decades representing Bermuda, the expanded 48-team competition marks a bittersweet farewell—and the chance to bow out on a high.

OUTBermuda announces 2026 Education Bursary recipient

OUTBermuda is proud to announce that Jasiah Durham has been selected as the recipient of the 2026 OUTBermuda Education Bursary, which supports the academic pursuits of LGBTQ+ Bermudians and allies committed to equity, inclusion, and social change.

The $10,000 Education bursary is generously sponsored by Talcott Financial Group. Their commitment to advancing access to education has led them to double their previous financial contribution.

Many LGBTQ+ students in Bermuda do not feel safe in schools. Bermuda’s national LGBTQ+ survey found that over 70% of LGBTQ+ people surveyed had experienced bullying in Bermuda’s schools. The education bursary helps uplift Bermuda’s LGBTQ+ students by providing financial support for their pursuit of higher education.

Sara Corday, Chair of OUTBermuda, said:

“Our bursary programme not only provides financial support to LGBTQ+ Bermudians seeking higher education but also gives them an opportunity to observe OUTBermuda board meetings. Jasiah went beyond observing and was instrumental in the creation of Bermuda’s first National LGBTQ+ Survey. His drive and commitment to advancing support for LGBTQ+ Bermudians while navigating his studies abroad is a testament to his character.”

Jasiah is currently enrolled at the University of London, where he is studying for a Bachelor of Arts in Politics and Hispanic Studies. His academic journey is rooted in a deep commitment to public service and a vision for a more inclusive Bermuda.

The annual bursary is one of several initiatives supported through Bermuda Pride and OUTBermuda’s year-round fundraising efforts. The OUTBermuda Education Bursary was

created to reduce financial barriers for LGBTQ+ students and their allies who are pursuing post-secondary education. In doing so, it affirms that LGBTQ+ students deserve not just access to education, but recognition and respect as future changemakers. For more information about OUTBermuda’s programs and how to support them, please visit www.outbermuda.org.

Mass General Brigham to host sleep education event

Mass General Brigham will host an upcoming Continuing Medical Education (CME) event in Bermuda focused on the assessment and management of sleep health and disorders across the lifespan.

Sleep Health at Every Age: Assessment and Management, will take place on Monday, 12 October 2026, at the Bermuda Underwater Exploration Institute (BUEI), and will cover best practices for evaluating and treating sleep disorders in adults, children and adolescents. The event will also explore treatments for obstructive sleep apnoea and the importance of multidisciplinary approaches to caring for patients with sleep-related conditions.

Mass General Brigham and its member hospitals care for hundreds of Bermudian patients each year, working closely with local physicians to ensure patients receive high-quality care both on-island and in Boston. The organisation also visits Bermuda regularly to support local healthcare initiatives and strengthen partnerships with the island’s medical community.

The education event will feature presentations from three sleep medicine specialists from Mass General Brigham, covering adult sleep health, sleep in children and adolescents and treatments for obstructive sleep apnoea. The programme will conclude with an interactive panel discussion, Q&A and case discussions involving the visiting faculty and local providers. Following the educational programme, attendees will enjoy dinner catered by Harbourfront Restaurant with the presenters and Mass General Brigham international team.

Dr James Mojica – Course Director and Clinical Director and Vice Chief of the Division of Pulmonary, Critical Care and Sleep Medicine at Massachusetts General Hospital, said: ‘Sleep problems are extremely common, but they are not always recognised or appropriately evaluated in clinical practice. We hope this programme gives Bermuda’s healthcare professionals practical tools for identifying sleep disorders, understanding the available treatment options and knowing when a patient may benefit from referral to a sleep specialist.’

Also presenting are Dr Bernard Kinane – Chief of the Pediatric Pulmonary Unit and Director of the Sleep Pediatric Program at Mass General Brigham for Children – who will discuss sleep in children and adolescents, and Dr Phillip Huyett – Director of Sleep Surgery at Mass Eye and Ear – who will present on treatments for obstructive sleep apnoea.

The event is free of charge and open to Bermudian general practitioners, family practitioners, family medicine specialists, paediatricians, pulmonary specialists, dental professionals treating sleep-disordered breathing and public health professionals. A maximum of 2.5 AMA PRA Category 1 Credits™ will be offered to physicians.

Healthcare professionals are encouraged to register in advance to attend the event and enjoy the complimentary dinner. Registration will also be available on the night, subject to availability. The educational programme begins at 5:30pm on Monday, 12 October at the BUEI Auditorium, with dinner following from 7:30pm.

To register and find full programme details, please visit: https://i.massgeneralbrigham.org/btf64

Gale strikes twice in four minutes to break Bermudian hearts

A devastating four-minute brace from talisman Thierry Gale condemned Bermuda to a dramatic 2-1 defeat against Barbados at the BFA Technical Centre in Bridgetown.

Following an attritional opening hour in the Caribbean heat, the Gombey Warriors looked set to claim regional bragging rights when Djair Parfitt expertly steered home an Enrique Russell cross in the 74th minute.

However, the lead evaporated almost immediately.

Gale produced an equaliser in the 78th minute to lift the home crowd, before pouncing once again in the 82nd to complete a ruthless turnaround.

Barbados dominated the statistical battle after the interval, generating 15 second-half attempts to overturn Bermuda’s disciplined defensive display.

Crew missing after drone sinks ship in Bulgaria’s Black Sea

It was not immediately clear who carried out the attack by air and sea drones about 70 miles (112 km) off the coastal town of Byala in eastern Bulgaria, but there are growing concerns about hybrid attacks by Russia as it wages war in Ukraine

An injured crew member from a ship damaged in a drone attack is moved on a stretcher after he was rescued after one vessel was sunk and another damaged in the Black Sea, in Varna, Bulgaria, October 6, 2026. REUTERS/Petko Momchilov

International News via Reuters:

The crew of a merchant ship was missing on Tuesday after the vessel sank in the Black Sea off NATO member Bulgaria following a drone strike that Prime Minister Rumen Radev described as a gross violation of international law. 

It was not immediately clear who carried out the attack by air and sea drones about 70 miles (112 km) off the coastal town of Byala in eastern Bulgaria, but there are growing concerns about hybrid attacks by Russia as it wages war in Ukraine.

Shipping sources said it appeared to be the first such attack in Bulgarian waters. 

Two ships were hit in the attack, Radev said in a televised statement. The crew of one, which was carrying grain, was rescued, with two injured. The other, which sank, was a Togo-flagged ship whose cargo was not disclosed.

A search has been launched for the missing crew and for any signs of an environmental threat. 

A maritime security source said initial assessments of the strike suggested it had probably been a Russian attack. 

Radev did not say who was behind the attack but made a reference to Russia’s war in Ukraine. 

“If this war is not brought to an end in time, it will continue to expand its geographical scope and increase the risk of even a global conflict,” he said.

“We are seeing the war intensify, with all the rules of international law now being violated, and civilian vessels being attacked at sea. This is absolutely unacceptable.”

Russia did not immediately comment on the incident.

DISTRESS SIGNALS REPORTED

British maritime risk management group Vanguard said the attacks on Tuesday were on the Togo-flagged general cargo vessel ALFA WATAN and the Palau-flagged general cargo vessel ABLE, within Bulgaria’s economic zone. 

Both vessels issued distress signals, with Bulgarian sources stating that they had been struck by drones, Vanguard wrote in a report. 

The drone attack follows an incident in which Romanian authorities said on Monday two people had died in a fire on a ship in the Black Sea outside Romania’s territorial waters.

Ukrainian President Volodymyr Zelenskiy blamed Russian drones for the incident. Russian authorities issued no immediate comment on it.

Since Russia’s invasion of Ukraine in 2022, European countries have reported Russian drones breaching ⁠their ​airspace multiple times and mines floating in the ​Black Sea across trade and energy routes. 

Reporting by Alex Lefkowitz and Ivana Sekularac, Editing by Edward McAllister and Timothy Heritage

Kenya confirms first Ebola case imported from Congo

Kenya is the third country to record a case linked to the Ebola epidemic in eastern Congo, the second largest on record

Health workers wearing Personal Protective Equipment (PPE) attend a training by Medecins Sans Frontieres (MSF) for personnel preparing to reinforce regional Ebola response capacity in the Democratic Republic of Congo amid an outbreak of the Bundibugyo strain, at an Ebola simulation treatment center set up by MSF in Kajiado County near Nairobi, Kenya, August 5, 2026. REUTERS/Thomas Mukoya

International News via Reuters:

Kenya confirmed its first Ebola case on Tuesday after a Kenyan citizen who had travelled from the Democratic Republic of Congo died in Nairobi.

Kenya is the third country to record a case linked to the Ebola epidemic in eastern Congo, the second largest on record. Uganda reported 20 cases and two deaths earlier in the year but was declared Ebola-free in August.

The Kenyan patient had been ill for about a month before travelling by road from Congo to Uganda’s capital, Kampala, and then flying to Nairobi on Saturday, Health Minister Aden Duale told a news conference.

After arriving at Nairobi’s international airport, he passed through health screening and was later taken by a relative to Nairobi Hospital. He was admitted with fever, chills and bleeding beneath the skin and was quickly placed in isolation, Duale said.

He died late on Monday. 

Health ministry Director General Patrick Amoth said the patient may have passed through airport screening because medication had masked his symptoms.

PATIENT TO BE BURIED ON TUESDAY 

Duale said Kenya was well-prepared to respond to Ebola cases.

“We have continued to maintain, as a country, a high level of alert for Ebola since the outbreak began in May,” he said. 

The patient was due to be buried later on Tuesday under protocols designed to prevent further spread of the virus, Duale said.

Health authorities have identified 28 people he came into contact with in Kenya, including relatives and healthcare workers. They are trying to trace another 23 passengers and four crew members who were on his Jambojet flight, he said. 

Ebola spreads through direct contact with the bodily fluids of infected people, whether living or dead. The disease can cause fever, vomiting, diarrhoea and, in severe cases, internal and external bleeding.

The outbreak in Congo was declared in mid-May but may have started months earlier. It has infected more than 8,000 people and caused more than 4,000 deaths despite efforts to contain it.

The outbreak is caused by the rare Bundibugyo strain of Ebola, for which there is no proven vaccine or treatment. 

Reporting by Vincent Mumo Nzilani and Edwin Okoth. Writing by Aaron Ross. Editing by Alexander Winning and Mark Potter

UK shares rise as softer oil, easing gilt yields lift sentiment

The blue-chip FTSE 100 index rose 0.5% to 10,554.51 points by 1030 GMT, while the midcap FTSE 250 also climbed 0.5%

Financial markets data and information are displayed around an LSEG (London Stock Exchange Group) branded cube inside the LSEG headquarters in Paternoster Square, London, Britain, September 8, 2026. REUTERS/Toby Melville

International News via Reuters:

London’s FTSE 100 advanced on Tuesday as a retreat in bond yields and softer oil prices calmed investors following last week’s bond-market volatility, with financial and consumer staples shares leading the gains.

The blue-chip FTSE 100 index rose 0.5% to 10,554.51 points by 1030 GMT, while the midcap FTSE 250 also climbed 0.5%.

• Oil prices declined as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns, although continued security risks in the region limited further losses [O/R]

• Government borrowing costs also eased after 10- and 30-year gilt yields surged to multi-decade highs last week, as investors weighed persistent inflation and debt concerns

• Markets are now pricing in a 90% chance of a Bank of England rate hike at its November meeting, according to LSEG data

• Among sectors, heavyweight financials and consumer staples led the gains on the FTSE 100

• A Times report said the government is considering delaying plans to set out a path towards lifting defence spending to 3% of GDP. Defence stocks fell, with BAE Systems, Babcock International and Rolls-Royce down between 1.1% and 3%

• Informa topped FTSE 100 gainers, rising 2.8%. The exhibitions group said it would buy events organiser Clarion for £2.24 billion ($3 billion) and spin off its Taylor & Francis academic publishing division

• “While separating off the academic publishing business means there is little else to support the business if live events struggle, it at least recognises where the real growth in the business will continue to be,” said Chris Beauchamp, chief market analyst at IG

• On the FTSE 250, Clarkson climbed 6% after the shipping services provider forecast annual underlying pretax profit above market expectations

• AstraZeneca rose 2.2%. The drugmaker said it would invest more than $1 billion in Massachusetts as part of its broader $50 billion US investment plan

• Kenmare Resources surged 28% after the titanium minerals miner confirmed it had received a non-binding proposal from International Resources Holdings

Reporting by Ragini Mathur and Darshan Kumar in Bengaluru; Editing by Shreya Biswas

Sterling slips from three-month high against euro as traders watch French bonds

The euro fell sharply on Monday as investors worried that a dramatic fall in French bonds due to concerns about public debt and a looming election was spreading to other markets such as Italy

International News via Reuters:

The pound eased against the euro on Tuesday as French bonds rallied from the previous session’s fall that helped propel sterling to an almost three-month high.

The euro fell sharply on Monday as investors worried that a dramatic fall in French bonds due to concerns about public debt and a looming election was spreading to other markets such as Italy.

Yet French bonds rose on Tuesday, pushing yields lower and helping currency markets stabilise.

The euro was last up 0.1% at 84.88 pence after hitting an almost three-month low of 84.61 pence on Monday following seven straight sessions of declines.

Sterling was around 0.1% higher against the dollar at $1.322.

Aside from euro zone bond markets, the focus for UK traders is likely to be on Bank of England officials this week.

Catherine Mann, who voted to raise rates in July and September, said on Tuesday that inflation has become embedded in the UK.

Governor Andrew Bailey is among a handful of BoE policymakers speaking on Thursday.

The central bank has so far held rates during the Iran war-driven spike in energy costs but traders currently price in around an 80% chance of a rate hike in November and around 100 basis points of total monetary tightening by the end of next year.

Later this month, the British budget could cause swings in sterling and domestic bond markets.

Morgan Stanley on Tuesday said the pound appears to be pricing in too little fiscal risk ahead of the budget on October 28 and recommended betting on sterling to fall, saying it was targeting a drop to $1.285.

“With so many medium-term decisions yet to be made, a challenging tax-hiking arithmetic and relatively benign expectations from market participants around this Budget — at least per our conversations — we see more pronounced downside than upside risks,” the bank’s strategists wrote in a research note.

Reporting by Harry RobertsonEditing by Tomasz Janowski

U.S. Coast Guard names all persons on missing flight

U.S. Coast Guard press release:

The U.S. Coast Guard is releasing the names of the persons aboard the Gulfstream G100 aircraft that went missing Oct. 3 while traveling from Bermuda to Boston.

The persons aboard the aircraft were:

Canadians:
Philip Gregory Childerhose
Thomas Henry Farquhar
Sarah Jane Paton
Jolene Beth Weir

Bermudians:
Marilyn Lavonne Bean
Sergio Wayne Lottimore

Marilyn LaVonne Bean and Sergio Lottimore pictured together. Image: Photo supplied/Facebook

The Coast Guard is aware that a civilian vessel in the area located debris in the water associated with the aircraft.

“During this incredibly difficult time, our heartfelt condolences go out to the families and friends impacted by this tragic incident,” said Rear Adm. Matthew Lake, Commander, Coast Guard Northeast District. “We are grateful to the crews and partner agencies who quickly responded to this incident, and we will continue to support our Canadian partners as they conduct their investigation.”

The Transportation Safety Board of Canada is the lead agency investigating the incident. The Coast Guard continues to coordinate with Canadian authorities and partner agencies as appropriate.