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Dollar rises, European stocks and bonds fall after reports of U.S. warship being hit missiles 

The dollar index, which measures the currency against six peers, rose 0.3% to 98.542

International News via Reuters:

The dollar strengthened while European shares and bond prices fell on Monday after Iran’s Fars News agency reported that two missiles hit a U.S. warship when it tried to pass through the Strait of Hormuz. 

The dollar index, which measures the currency against six peers, rose 0.3% to 98.542. 

The pan-European STOXX 600 index was last down 0.9%, while the blue-chip Euro STOXX 50 was 1.7% lower.

Germany’s 10-year bond yield, the benchmark for the euro zone bloc, was last up 5 basis points at 3.082%. Bond yields move inversely with prices. 

Reporting by Samuel Indyk; Editing by Dhara Ranasinghe

ECB needs “critical mass of data” before hikes, Villeroy says

The ECB kept rates on hold on Thursday but held an in‑depth discussion about raising borrowing costs to tackle surging inflation triggered by soaring energy prices and indicated a move could come as early as June

International News via Reuters:

The European Central Bank needs clear evidence inflationary pressures are becoming entrenched to begin raising interest rates, Bank of France Governor Francois Villeroy de Galhau said on Monday.

The ECB kept rates on hold on Thursday, as was expected, but held an in‑depth discussion about raising borrowing costs to tackle surging inflation triggered by soaring energy prices and indicated a move could come as early as June.

Villeroy, an outspoken dove on the ECB’s governing council, said any tightening would depend above all on signs that inflation is spreading beyond its initial drivers, particularly through underlying price pressures, wage developments and inflation expectations among households and businesses.

While those expectations are harder to measure than financial market indicators, he said the key question is whether they remain anchored over the medium term, around a three‑year horizon.

“Before any possible tightening, it is necessary to have gathered a critical mass of data,” Villeroy said in an annual letter to French President Emmanuel Macron on the state of the economy.

Villeroy, who is due to stand down from the French central bank in the coming weeks, cautioned that monetary policy must remain prudent.

Reporting by Leigh Thomas, editing by Inti Landauro

World stocks gain, oil climbs amid new Gulf proposals

The Japanese yen suddenly jumped in Asian trading, with the dollar falling sharply before paring some of the losses

International News via Reuters:

Global stock markets made gains on Monday as investors were focused on developments in the Middle East conflict at the start of a week packed with earnings and economic data.

The Japanese yen suddenly jumped in Asian trading, with the dollar falling sharply before paring some of the losses. Traders are on alert for intervention after Tokyo stepped into the market to shore up the currency last week.

Iran’s military warned U.S. forces on Monday not to enter the Strait of Hormuz after President Donald Trump said the U.S. would start helping to free ships stranded in the Gulf by the U.S.-Israeli war on Iran.

Trump provided few details of the plan to aid ships, while the U.S. Central Command said it would support the effort with 15,000 military personnel, more than 100 land- and sea-based aircraft, along with warships and drones. A report from Axios later claimed the U.S. Navy would not necessarily escort ships through the strait.

Against this backdrop, Brent crude futures surged over $2.50 to $110.73 per barrel, having recovered from an initial decline during Asian trading hours, while U.S. crude also climbed more than 2% to $104.18.

Dealers noted a bulk carrier had reported being attacked by multiple small craft while transiting past Sirik in Iran on Sunday, though it was not clear how many ships would try to run through the Strait of Hormuz even with Navy protection.

“The market is being pulled in two opposing directions right now: on one hand, geopolitical risk is pushing oil higher and reviving inflation fears, but on the other, underlying growth especially in the U.S., is clearly softening,” said Bruno Schneller, managing partner at Erlen Capital Management, a multi-family office.

This combination was driving some of the big market swings recorded in stocks, bonds and currencies, he added.

MSCI’s broadest index of global shares outside Japan rose, led by tech-heavy South Korean stocks which returned from a holiday with a jump of over 5%. Hong Kong’s Hang Seng index gained 1.2%.

In Europe, German carmakers dampened the region’s start to the week after Trump said on Friday that Washington would raise tariffs on European cars and trucks.

The pan-European STOXX 600 declined by 0.3% to 609.64 points after posting a modest gain last week. Most regional bourses were muted while Germany’s DAX rose 0.2%.

Trading in Europe was subdued; markets in London were closed for a public holiday.

CENTRAL BANKS WARN OF INFLATION RISKS

As another earnings-heavy week gets underway, concerns remained about the scale of artificial intelligence capex investment, now at $751 billion for 2026, $80 billion above estimates at the start of the earnings season and 83% above 2025 spending.

Companies reporting this week include Advanced Micro Devices, Super Micro Computer, Palantir, Walt Disney and McDonald’s.

The threat of oil-driven inflation also lifted bond yields in a challenge to equity valuations, while several major central banks had turned hawkish on policy.

Market participants no longer expect the U.S. Federal Reserve to lower rates this year and have priced in interest-rate hikes from the European Central Bank and Bank of England.

Barclays on Monday joined a growing list of brokerages to bet on no policy easing from the Fed this year.

Data this week, including Friday’s key April payrolls report, could potentially shift the Fed outlook.

YEN WATCH

In global forex markets, the yen remained in the spotlight with traders on edge over potential Japanese intervention to boost the currency.

The dollar was recently flat at 156.93 yen, having fallen to as low as 155.7 yen earlier, as traders smarted from last week’s Japanese intervention, which analysts thought could have amounted to around $35 billion.

“But fundamentals remain in favour of USD/JPY, meaning USD/JPY will sooner or later recover and force the MoF’s hand again,” said Carol Kong, a currency strategist at the Commonwealth Bank of Australia, who added that given the size of Monday’s moves, she doubted Japan had interfered.

She attributed the turbulence to choppy trading in holiday-thinned markets.

The euro was steady at around $1.17, while sterling inched lower to $1.3560.

In commodity markets, gold ticked lower to $4,578 an ounce. [GOL/] 

Reporting by Nell Mackenzie and Wayne Cole; Additional reporting by Ankur Bangerjee in Singapore; Editing by Thomas Derpinghaus, Dhara Ranasinghe and

Australia begins hearings into Bondi Beach attack and rising antisemitism

The attack on a Jewish Hanukkah celebration killed 15, fuelling calls for tougher gun controls and more action to tackle hatred towards Jews, following a spate of antisemitic incidents

International News via Reuters:

Australia began public hearings on Monday in an inquiry into the Bondi Beach mass shooting in December, with Jewish Australians giving evidence of their experience of rising domestic antisemitism.

The attack on a Jewish Hanukkah celebration killed 15, fuelling calls for tougher gun controls and more action to tackle hatred towards Jews, following a spate of antisemitic incidents.

The first block of public hearings will investigate the nature and prevalence of antisemitism, said Virginia Bell, the retired judge leading the wide-ranging national inquiry known as a Royal Commission.

“The sharp spike in antisemitism that we’ve witnessed in Australia has been mirrored in other Western countries and seems clearly linked to events in the Middle East,” Bell said.

“It’s important that people understand how quickly those events can prompt ugly displays of hostility towards Jewish Australians simply because they’re Jews.”

‘WE DON’T FEEL SAFE HERE’

Witnesses from the Jewish community told the inquiry they felt increasingly unsafe amid rising hostility since the October 2023 start of the war in Gaza.

“What is happening in Australia today is not a faint echo of a distant past,” said Peter Halasz, an 86-year-old Holocaust survivor who fled to Australia from Hungary.

“For those of us who lived through the 1930s and 1940s, it is something we recognise, and that recognition is frightening and cause for alarm.”

Sheina Gutnick, who lost her father Reuven Morrison in the Bondi attack, said antisemitism had damaged her family’s sense of safety and freedom of movement.

“As a mother, I’m constantly weighing up the risk of exposing my children to environments where they may be witness, or subject, to antisemitism,” she told the panel.

She recounted an incident in which a stranger at a shopping centre called her an “effing terrorist” for wearing a Star of David necklace.

Another witness said her family was relocating to Israel because of safety concerns.

“We never expected synagogues to be burned down,” said the woman, who used the pseudonym “AAM”. “We never expected Jews to be hunted on Bondi Beach.

“My family and I no longer want to live in Australia. We don’t feel safe here. We don’t feel welcome.”

JEWISH SCHOOL LOOKS ‘MORE LIKE A PRISON’

Stefanie Schwartz, the president of Sydney Jewish primary school Mount Sinai College, spoke of holding drills to prepare young students to deal with terrorist attacks, and requiring an “extreme” security presence on campus.

“You walk past our school and it looks a lot more like a prison than a primary school.”

Antisemitism has “run riot”, with Jewish Australians being held responsible for the actions of the Israeli government, said Benjamin Elton, the chief minister of the Great Synagogue in Sydney.

The inquiry released an interim report of 14 recommendations last Thursday, urging greater security for Jewish public events and further counter-terrorism and gun reforms.

A second block of hearings later in May will focus on the circumstances leading up to the Bondi Beach attack and issues raised in the interim report.

The commission is due to deliver its final report on December 14, exactly a year after the attack.

Reporting by Christine Chen in Sydney; Editing by Sonali Paul and Clarence Fernandez

Mixed Fortunes for Bermudian Contingent as Rhode Island’s Home Run Ends

It was a weekend of frustration for Bermuda’s international stars as Khano Smith suffered his first home defeat of 2026, while Nia Christopher was narrowly beaten in Iceland.

At a packed Centreville Bank Stadium, Smith’s Rhode Island FC fell 3-1 to Birmingham Legion FC on a high-stakes “Star Wars Night.” Despite a spirited first half that saw Leo Afonso cancel out an early deficit, the “Ocean State” club was undone by a clinical second-half double from the visitors. The result marks a rare blip in an otherwise formidable home campaign for Smith’s side.

Across the Atlantic, Nia Christopher and FH Hafnarfjörður endured a heartbreaking conclusion to their clash with Throttur W. After taking a deserved lead through Berglind Hlynsdottir just before the interval, FH were pegged back in the 58th minute. The points appeared set to be shared until Kayla Rollins struck a decisive 84th-minute winner to condemn Christopher’s side to a 2-1 defeat.

The solitary bright spot came from the NWSL, where Mia Fishel and Seattle Reign FC displayed immense defensive resolve. On a rain-lashed night at Shell Energy Stadium, the Reign weathered a relentless offensive from the Houston Dash to secure a hard-fought 0-0 draw. While Fishel and her teammates found chances limited in the final third, the point on the road provides a vital building block as they navigate a demanding May schedule.

Three passengers dead, one case of hantavirus confirmed from Atlantic cruise ship, WHO says

Six individuals were affected in the incident, of whom three have died and one is in intensive care in South Africa, it said in a post on X

International News via Reuters:

Three people have died and one case of hantavirus has been confirmed among passengers on a cruise vessel sailing in the Atlantic Ocean, the World Health Organization said on Sunday.

Six individuals were affected in the incident, of whom three have died and one is in intensive care in South Africa, it said in a post on X.

The WHO did not name the vessel or its operator, although a source familiar with the situation said it was the MV Hondius, travelling from Argentina to Cape Verde.

“WHO is facilitating coordination between member states and the ship’s operators for medical evacuation of two symptomatic passengers, as well as full public health risk assessment and support to the remaining passengers on board,” the WHO said.

A Dutch Foreign Ministry spokesperson confirmed that two Dutch passengers had died, but gave no further details.

Sky News reported that a British tourist was being treated in a hospital in South Africa after the suspected hantavirus outbreak, citing South Africa’s Department of Health. It also quoted Britain’s Foreign Office as saying it was closely monitoring reports of a potential hantavirus outbreak on the Hondius and was in touch with the cruise company and local authorities.

The British Foreign Office and South Africa’s Department of Health did not immediately respond to Reuters’ requests for comment.

Reporting by Chandni Shah in Bengaluru; Additional reporting by Charlotte Van Campenhout and Mihika Sharma; Editing by Edmund Klamann

UK set to enter talks to join the European Union’s $105.9 billion Ukraine loan

The loan, approved by the EU last month, is set to cover two-thirds of Ukraine’s needs for the next two years

International News via Reuters:

Britain is set to enter talks to join the European Union’s 78 billion pound loan ($106 billion) to Ukraine, the government said on Sunday, in a further sign of deepening European defence ties under rising U.S. pressure.

Prime Minister Keir Starmer is expected on Monday to tell a summit in Armenia’s capital Yerevan of the European Political Community – a discussion forum set up after Russia’s invasion in 2022 – that Britain wants to work with the EU to support Ukraine in getting vital military equipment, his office said.

The loan, approved by the EU last month, is set to cover two-thirds of Ukraine’s needs for the next two years, with the bulk of that amount earmarked for military spending as Kyiv defends itself against Russia’s four-year war.

The extra funding could also unlock opportunities for British businesses to meet Ukraine’s urgent needs, particularly in the defence sector, the government said in a statement.

FURTHER SANCTIONS ON RUSSIAN COMPANIES

Britain, which has imposed wide-ranging sanctions on Russia since the war began in 2022, will also announce another tranche of “stinging sanctions” on Russian companies this week to disrupt military supply chains, it said.

Starmer’s visit, the first by a British leader to Armenia since former Prime Minister Margaret Thatcher in 1990, comes as the Trump administration pushes Europe to take more responsibility for the continent’s defence.

European countries, including Germany, France and Britain, have recently come under further pressure from Washington after refusing to join the U.S. and Israel’s war on Iran.

“When the UK and the European Union work together, we all reap the benefits — and in these volatile times we need to go further and faster on defence to keep people safe,” Starmer said in the statement.

He has previously called for stronger defence integration within the continent to cut NATO’s over-reliance on the U.S., hinting at further alignment with the EU’s single market and deeper economic integration, six years after Brexit.

($1 = 0.7368 pounds)

Reporting by Muvija M; Editing by David Holmes

Trump says US will help free ships stranded in Strait of Hormuz 

Trump, in a post on his Truth Social site, gave few details about the operation, including whether the U.S. Navy would be involved

International News via Reuters:

President Donald Trump said on Sunday that the United States would begin an effort to free up ships stranded in the Strait of Hormuz on Monday morning.

Trump, in a post on his Truth Social site, gave few details about the operation, including whether the U.S. Navy would be involved. He described the effort as a “humanitarian gesture” meant only to aid neutral countries that were not involved in the U.S.-Israeli war on Iran. 

“For the good of Iran, the Middle East, and the United States, we have told these Countries that we will guide their Ships safely out of these restricted Waterways, so that they can freely and ably get on with their business,” Trump wrote in the post.

The White House and the Pentagon did not immediately respond to requests for additional information. 

Reporting by Katharine Jackson; Editing by Nia Williams

US Attorney Pirro says officer was shot during White House correspondents’ dinner by suspect’s gun

Cole Tomas Allen is accused of storming a security checkpoint and firing a shotgun in the foyer leading to the White ​House Correspondents’ Dinner on April 25

International News via Reuters:

U.S. Attorney Jeanine Pirro said on Sunday that the government has evidence that a federal agent was shot by the suspect in custody during an alleged attempt to assassinate President Donald Trump at the White House Correspondents’ Association Dinner last weekend.

“We now can establish that a pellet that came from the buckshot from the defendant’s Mossberg pump-action shotgun was intertwined with the fiber of the vest of the Secret Service officer,” Pirro said during an appearance on CNN’s “State of the Union.” 

“It is definitively his bullet,” Pirro said.

Cole Tomas Allen is accused of storming a security checkpoint and firing a shotgun in the foyer leading to the White ​House Correspondents’ Dinner on April 25. Allen is charged with attempted ⁠assassination, ​discharging a firearm during a crime ​of violence and illegally transporting guns and ammunition across state lines. He has not yet entered a plea.

Acting U.S. Attorney General Todd Blanche said on Sunday there could be more charges filed as the investigation continues.

“I expect in the next week or so, there will be more information coming out. Obviously, assuming the investigation moves forward, there will be an indictment forthcoming. And all that is typical of what happens,” Blanche said on NBC’s “Meet the Press.”

Reporting by Michael S. Derby and Doina Chiacu; editing by Scott Malone and Nia Williams

Royal opening of Great Bay Coastguard Station

His Majesty King Charles III opened the Royal Bermuda Regiment’s new coastguard station at Great Bay before departing the island on Saturday

The Royal Bermuda Regiment now have an additional coastguard station in the east end at Great Bay, St. David’s after His Majesty King Charles III attended the official opening ceremony on Saturday morning.

As part of the Royal Visit, King Charles greeted crowds and met members of the RBR to present them with the new station as part of a wider project to bolster resources for Bermuda’s regiment.

The King was accompanied by National Security Minister Michael Weeks, Commanding Officer of the RBR Duncan Simons and other dignitaries for the event.

He later joined an official opening of a future telescope hub in joint partnership with the Bermuda Airport Authority and the UK Space Agency.

The site will be involved in tracking space debris and facilitate British missions with the UK Space Agency.

Final Day Heartbreak and Heroics: Trott’s Cardiff Promoted as Wells’ Luton Miss Out

The curtain fell on a dramatic football season with contrasting fortunes for two of Bermuda’s leading stars. While Nathan Trott celebrated a return to the Championship with Cardiff City, Nahki Wells and Luton Town were left to process a cruel exit from the promotion race.

At Field Mill, a nine-goal thriller saw Mansfield Town beat Cardiff 5-4. Trott watched from the sidelines as the Bluebirds—already guaranteed second place behind champions Lincoln City—trailed 3-0 at the interval. Despite a spirited second-half fightback featuring goals from Isaak Davies, Omari Kellyman, and Ronan Kpakio, Ollie Irow’s 80th-minute strike proved decisive for the Stags.

However, the real drama unfolded 200 miles away. Luton recorded a superb away win, hauling themselves back from a half-time deficit in a “must-win” fixture. But as the Hatters celebrated a last-gasp winner, news filtered through that a stoppage-time goal by Stevenage against Wigan had officially ended Luton’s play-off hopes.

The realisation was heartbreaking to witness. Despite an incredible run of nine wins in 12 games, Stevenage’s late intervention condemned Luton to another season of League One football. For Wells and his teammates, the victory felt entirely hollow, falling just short of the top six by the narrowest of margins.

King Charles launches historic UK Space Agency project in St. David’s

His Majesty The King officially unveiled the future site of a new telescope installation on land owned by the Bermuda Airport Authority at Cooper’s Island.

The new development is a partnership with the BAA and the UK Space Agency.

Lester Nelson Chief Executive Officer of the Bermuda Airport Authority told Bermuda Broadcasting the commercial agreement puts bermuda on the map in terms of assisting future space endeavours.