Tuesday, November 3, 2026
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New Director of Libraries and Archives appointed

The Head of the Public Service, Cherie Whitter, is pleased to announce the appointment of Mr. Mandellas Lightbourne as the Director of Libraries and Archives.

In this capacity, Mr. Lightbourne will work under the policy direction of the Permanent Secretary for the Ministry of the Cabinet Office and Digital Innovation, providing strategic leadership and guidance for the Department of Libraries and Archives.

Mandellas Lightbourne is a dedicated public servant with over 25 years of experience in the Government of Bermuda. He began his career as an educator at the middle and senior school levels before transitioning into information management in 2008 through the Government’s Professional and Technical Trainee Scheme, where he served as a Trainee Appraisal Archivist. He was subsequently appointed Appraisal Archivist in 2012.

In 2018, following the merger of the Bermuda National Library and Bermuda Archives, Mr. Lightbourne was appointed Archivist of the Bermuda Archives. He later transferred to the role of Archivist Records Manager in 2023 and has recently served as Acting Director for the Department of Libraries and Archives.

Mr. Lightbourne holds a Bachelor of Science with honours in English Literature and History Education from Alabama A&M University, and a Masters with distinction in Archives and Records Management from University College London (UCL). He is also a member of the 2023 cohort of the Government of Bermuda’s Leadership Development Programme.

His professional expertise includes archival appraisal and records preservation. He maintains a strong interest in 19th and 20th-century history and art, particularly in how primary historical records and literary material impact and shape contemporary society; as well as how art is interpreted and appreciated in public spaces.

Smith claims silver as Outerbridge smashes 49-year record

Bermuda’s medal tally at the 53rd Carifta Games has doubled following a heroic silver-medal performance by Sanchez Smith and another record-breaking sprint from Miles Outerbridge.

In the grueling Under-17 Boys 3000m final, Sanchez Smith produced a tactical masterclass at the Kirani James Athletic Stadium. Tucked within the leading pack for much of the contest, Smith found an extra gear as the bell rang for the final lap, surging ahead of his rivals to claim a magnificent silver in 9:22.24.

The evening’s momentum continued as Miles Outerbridge once again rewrote the history books. Fresh from his 100m gold, Outerbridge shattered a national junior record that had stood for nearly half a century. Competing in the Under-20 200m heats, the 18-year-old clocked a sensational 20.54 seconds, toppling the 20.91 mark set by Vaughn Harvey back in 1977.

Outerbridge heads into the 200m final as the second-fastest qualifier, firmly positioned as a dual-gold threat. With Smith’s silver and Outerbridge’s relentless form, Bermuda’s track contingent heads into the final stages with massive momentum.

Bermuda College launches first summer programme for children

LaunchPad will introduce young learners to STEAM and Bermuda’s environment through five weeks of fun educational hands-on activities

Media release issued by the Bermuda College.

A summer programme for young children is set to be launched at Bermuda College, with sessions designed around Bermuda and its environment.

LaunchPad, the Summer STEAM programme, from June 29 to July 29, will aim to engage young students with science, technology, engineering, arts and mathematics through activities focused on the island’s land, sea and community.

Designed for children aged 8 to 12, LaunchPad is organised into five subject-based sessions: science (June 29 to July 3), technology (July 6 to 10), engineering (July 13 to 17), arts (July 20 to 24), and mathematics (July 27 to 29).

Each session features innovative projects, creative challenges and educational activities designed to strengthen STEAM fundamentals while encouraging inquiry, collaboration and creativity among participants.

Programme staff will facilitate lessons and guide the children through hands-on discoveries. Weekly lab experiences and field trips will extend learning beyond the classroom into environmental settings.

It is hoped that more STEAM-related courses and programmes could follow as LaunchPad develops.

Cree Watson, LaunchPad coordinator, said: “This is designed to give children an early introduction to Bermuda College through hands-on learning, while helping them explore Bermuda and its environment in practical and engaging ways.”

Ms Watson added: “Each week will bring a different STEAM focus, but the wider aim is to encourage curiosity, creativity and confidence through activities that connect learning to the world around them.”

An open house will be held during the final week of camp, when participants will showcase their summer experience. Daily programme hours will run from 8.30am to 4pm, with aftercare available from 4pm to 5.30pm.

Dr David Sam, President of Bermuda College, said: “As Bermuda’s community college, we want to support learning at every stage of life and help people see education as something that can begin early and continue throughout adulthood.”

Dr Sam added: “The programme’s tagline of ‘Fuelling Imagination. Sparking futures. Powered by Bermuda College,’ says it all.”

Further information is available by emailing launchpad@college.bm or visiting the Bermuda College website, www.college.bm.

Artemis crew reaches the moon, approaches record-breaking distance from Earth

The Artemis II crew, flying in their Orion capsule since launching from Florida last week, are due to awake around 10:50 a.m. ET Monday for their sixth flight day

NASA astronaut and Artemis II Commander Reid Wiseman peers out of one of the Orion spacecraft’s main cabin windows, looking back at Earth, as the crew travels towards the Moon April 2, 2024. NASA/Handout via REUTERS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.

International News via Reuters:

The four astronauts of NASA’s Artemis II mission entered the moon’s gravitational sphere of influence early Monday morning as they cruised along a path that will soon take them over the shadowed, lunar far side to become the farthest-flying humans in history.

The Artemis II crew, flying in their Orion capsule since launching from Florida last week, are due to awake around 10:50 a.m. ET Monday for their sixth flight day. By 7:05 p.m., they will reach the mission’s maximum distance from Earth of roughly 252,757 miles, 4,102 miles beyond the record held by the Apollo 13 crew for 56 years.

As NASA astronauts Reid Wiseman, Victor Glover and Christina Koch and Canadian astronaut Jeremy Hansen approach the distance record, they will be sailing around the moon’s far side, witnessing it from roughly 4,000 miles above its darkened surface as it eclipses a basketball-sized Earth in the distant background.

The milestone is a climactic point in the nearly 10-day Artemis II mission, the first crewed test flight of NASA’s Artemis program. The multibillion-dollar series of missions aims to return astronauts to the moon’s surface by 2028 before China and establish a long-term U.S. presence there over the next decade, building a moon base that would serve as a proving ground for potential future missions to Mars.

Officially starting at 2:34 p.m. ET, the lunar flyby will plunge the crew into darkness and brief communications blackouts as the moon blocks them from NASA’s Deep Space Network, a global array of massive radio communications antennas the agency has been using to talk to the crew.

The flyby will last about six hours, during which the astronauts will use professional cameras to take detailed photos through Orion’s window of the silhouetted moon, showing a rare and scientifically valuable vantage point of sunlight filtering around its edges in what will effectively be a lunar eclipse.

They will also have the chance to photograph a rare moment in which their home planet, dwarfed by their record-breaking distance in space, will rise from the lunar horizon as their capsule emerges from the other side, a celestial remix of a moonrise seen from Earth.

A team of dozens of lunar scientists positioned in the Science Evaluation Room at NASA’s Johnson Space Center in Houston will be taking notes as the astronauts, who studied an array of lunar phenomena as part of mission training, describe their view in real time.

Reporting by Joey Roulette; Editing by Don Durfee and Aurora Ellis

Spanish PM’s party gains on anti-war stance, support for far right stalls in polls

Sanchez has emerged as one of the most vocal Western leaders criticising what he calls an illegal and reckless war, closing Spanish airspace to U.S. planes involved in the strikes

International News via Reuters:

Spain’s ruling Socialist Party has gained voter support amid Prime Minister Pedro Sanchez’s staunch opposition to the U.S.-Israeli war on Iran, while far-right Vox, which supports the offensive, has seen a decline, two surveys published on Monday showed.

Sanchez has emerged as one of the most vocal Western leaders criticising what he calls an illegal and reckless war, closing Spanish airspace to U.S. planes involved in the strikes and banning them from using jointly operated military bases in southern Spain.

Vox – closely allied with U.S. President Donald Trump’s MAGA movement – has harshly criticised Sanchez’s stance.

A survey by state pollster CIS showed last month that 85% of respondents rejected the war. 

Monday’s new poll by Sigma Dos for newspaper El Mundo showed support for Sanchez’s Socialists rising to 27.7% from 26.4% last month, reducing the lead of the conservative People’s Party (PP). Another survey, by 40dB for El Pais, put them at 28.6%, up from 27.7%. 

Meanwhile, Vox dropped to 17.1% in April from 18.3% according to Sigma Dos, and slipped by 0.1 percentage point to 18.7% in the 40dB survey. 

The PP topped both polls, securing 32.5% and 31.1% of voting intentions, respectively, up by less than one percentage point in both polls. The party accuses Sanchez of damaging transatlantic relations and has refrained from publicly denouncing Trump and Israel, though its leader has also echoed the “no to war” slogan.

A common trend is the transfer of voting intention from the extremes of the spectrum to the two mainstream outfits. The PP appears to be stemming the flow of votes to Vox and the Socialists are picking up former voters of its hard-left junior coalition partner Sumar, the polls showed. 

A fragmented electorate still means coalitions are required to secure a government and both polls point to a right-wing majority if elections were held now.  

The next general election is due in August 2027.

The surveys each polled some 2,000 people and had margins of error of 2.2%.     

Reporting by David Latona; Editing by Andrei Khalip and Susan Fenton

Opinion: Bermuda and the moonshot – are we thinking big enough?

OBA candidate Maurice Foley calls on island to link space industry access with jobs, education and innovation

Written by Maurice Foley, OBA Candidate for Constituency 3

Recently, I stood at the NASA tracking facility on Cooper’s Island, in St. David’s, and watched history unfold, and I have to say, it leaves you thinking a little differently about Bermuda.

As the Artemis mission lifted off, marking humanity’s return to the Moon, you could feel the magnitude of the moment, not just in the roar of the rocket, but in what it represents, ambition, innovation, and a commitment to shaping the future. But what struck me most was not just what was happening thousands of miles away in the sky, it was what was happening right here in Bermuda.

For decades, Bermuda has quietly played a role in global space missions, and yet we rarely talk about it. From the earliest days of space exploration to modern launches, our geographic position has made us a critical point in tracking and communications, meaning that while the world looks up at the stars, Bermuda has been part of the infrastructure that helps make those journeys possible.

And standing there, as a Bermudian, I felt proud, genuinely proud, because this is a reminder that our island, so often described as small, has consistently contributed to some of the most significant achievements in human history. But at the same time, as someone in public service, I left with a different feeling, concern, because the real question is not whether Bermuda has a role in these global industries, the question is whether Bermudians are benefiting from it.

Are we positioning our young people to enter fields like aerospace, engineering, data science, and advanced communications? Are we building partnerships that turn proximity into participation? Are we thinking strategically about Bermuda’s place in an increasingly technology-driven global economy, or are we simply allowing these opportunities to exist around us, without ever fully connecting our people to them?

This is where leadership matters, and from my perspective, this is not just about inspiration, it is about execution. We have to move beyond acknowledging Bermuda’s geographic advantage and start building a national strategy around it, aligning education with future industries, investing in STEM pathways, and creating structured partnerships with global institutions that are already operating within our reach, while ensuring that Bermudians are not on the outside looking in when these opportunities arise.

Too often, we speak about diversification, but we fail to connect it to real, tangible sectors where Bermuda already has a foothold. Aerospace, satellite communications, and digital infrastructure are not abstract concepts, they are present, active, and evolving industries that intersect with Bermuda today, and the policy conversation must now catch up with that reality.

So, what does that actually look like? What would it look like to create a pipeline from our schools into aerospace and technology careers? What incentives can we introduce to attract and anchor more of these partnerships in Bermuda? And how do we ensure that any expansion in these sectors includes clear pathways for Bermudians to participate and lead? These are not long-term questions, they are immediate ones, because being in the right place geographically is no longer enough.

We have to be intentional. We have to be strategic, and we have to be prepared.

Standing on Cooper’s Island, watching that rocket rise into the night sky, one thought stayed with me, if Bermuda can play a role in reaching the Moon, surely we can do more to reach our own potential here at home.

The opportunity is there, now the responsibility is ours to act.

Bermuda’s role in the future is not a question of geography; it is a question of whether we choose to act.

I also extend my thanks to the US Consul General Antoinette Hurtado, along with NASA, for the opportunity to witness this moment, and for their continued engagement with Bermuda; partnerships that highlight what is possible when we connect locally to global opportunity.

Maurice Foley is a former OBA Senator who ran in the 2025 General Election in Constituency 3, St. David’s.

Weeks meets frontline teams during west end tour

Minister visits Heritage Wharf, Nelson Bascome Centre for Substance Abuse Treatment, and the Somerset Police Station

The Government of Bermuda issued the following media release.

The Minister of National Security, the Hon. Michael Weeks, JP, MP,  visited three facilities in Bermuda’s west end last Wednesday to meet with staff, observe operations, and gain a first-hand look at the work being carried out across key services under the Ministry’s remit.

Accompanied by the Permanent Secretary for the Ministry of National Security, Lt. Col. Edward Lamb, the Minister toured the Department of Customs cruise port screening facility at Heritage Wharf in Dockyard, the Nelson Bascome Centre for Substance Abuse Treatment, and the Somerset Police Station.

The visits provided an opportunity for the Minister to speak directly with officers and staff, learn more about their day-to-day responsibilities, and see how their work supports Bermuda’s safety, security and wellbeing.

At Heritage Wharf, the Minister met with Customs officers as they carried out screening operations at the start of Bermuda’s cruise ship season. The facility plays an important role in monitoring arriving passengers and helping to prevent contraband and other prohibited items from entering the island.

Minister Weeks said, “It was important for me to visit Heritage Wharf and see this operation up close, especially as the cruise ship season gets underway.

“Customs officers perform a vital role in protecting Bermuda’s borders, and I wanted the opportunity to hear directly from them about their work and what the job demands each day.”

He added, “There is real value in being on site, speaking with officers, and seeing these operations in person. It helps to keep the focus on the people doing the work and the responsibilities they carry on behalf of the Island.”

The Minister also visited the Nelson Bascome Centre in Sandys, where he met with staff and learned more about the facility’s current operations and the support it continues to provide to individuals receiving treatment for substance abuse.

The Minister commented, “The Nelson Bascome Centre continues to play an important role in helping individuals address substance abuse and move forward with the support they need. I was pleased to visit the facility, meet with staff, and see first-hand the work that continues to be carried out there.”

The final stop on the tour was the Somerset Police Station, where the Minister and Permanent Secretary met with officers serving the west end and observed their daily operations.

Minister Weeks stated, “Our police officers continue to carry out demanding work in communities across Bermuda, and this visit was another useful opportunity to see that work and speak directly with those serving in the west end.

“Whether it is border security, treatment services or policing, these teams carry out work that makes a positive contribution to Bermuda’s wellbeing every day.”

Trump invokes religious rhetoric in praise of Iran rescue, drawing criticism

In a social media message, Treasury Secretary Scott Bessent drew on the symbolism of Easter, the day Jesus was resurrected from the dead

President Donald Trump arrives from the Blue Room to speak about the Iran war from the Cross Hall of the White House on Wednesday, April 1, 2026, in Washington. Alex Brandon/Pool via REUTERS/File Photo

International News via Reuters:

President Donald Trump and other U.S. officials cast the rescue of a U.S. airman in Iran as an “Easter miracle” on Sunday, framing the operation in religious terms that portrayed the war as a just cause and divinely blessed.

In the past, administrations typically issued postcard-style Easter greetings, and critics said officials’ messages this time had blurred the line between faith and policy by invoking religion to justify the war and shape the military’s conduct.

“The rescue was an Easter Miracle,” Trump told NBC’s “Meet the Press,” and some cabinet members followed with messages of their own.

In a separate message that invoked religion in another way, Trump threatened on social media to strike power plants and bridges, urged Tehran to open the Strait of Hormuz, “you crazy bastards” or face “living in Hell,” and signed off with the phrase “Praise be to Allah.”

In a social media message, Treasury Secretary Scott Bessent drew on the symbolism of Easter, the day Jesus was resurrected from the dead.

“The Easter miracle is considered the greatest victory in history,” Bessent said on X. “And so, it (is) fitting on this holiest of Christian days that a brave American warrior was rescued from behind enemy lines in one of the greatest search and rescue missions in military history.”

Defense Secretary Pete Hegseth wrote “God is good” on his private account on X on Sunday, reposting a social media post by Trump about the success of the rescue mission in Iran.

Axios, citing an interview with the Republican Trump and an unnamed U.S. defense official, reported that was the phrase uttered by the rescued officer over the radio after he ejected from his aircraft.

FAITH AND POLICY LINKS DRAW CRITICISM

Trump said at his inauguration in 2025 that God enabled him to survive an assassination attempt during the 2024 election campaign. “I felt then and believe even more so now that my life was saved for a reason. I was saved by God to make America great again,” he said then.

But his blending of religious references with threats of military action drew some criticism on Sunday.

Republican former Representative Marjorie Taylor Greene, writing on X, accused Trump of betraying Christian values. She said Christians in the administration should be “pursuing peace” rather than “escalating war” and argued that Jesus’ teachings emphasized forgiveness and love, including toward enemies.

The Council on American‑Islamic Relations also condemned Trump’s language, saying in a statement that his “mocking of Islam and his threats to attack civilian infrastructure” were reckless and dangerous.

CAIR said the casual use of “Praise be to Allah” in the context of violent threats reflected a willingness to weaponize religious language while showing contempt for Muslims and their beliefs.

Last month, a group of 30 Democratic U.S. lawmakers asked Defense Department Inspector General Platte Moring to investigate reports that some within the U.S. military had sought to justify the war in Iran by invoking “biblical end-time prophecies.”

“At a time when billions of dollars and untold numbers of lives hang in the balance while the Trump administration wages a war of choice in Iran, the imperative of maintaining strict separation of church and state and protecting the religious freedom of our troops is especially critical,” the letter to the inspector general said. 

“We must ensure that military operations are guided by facts and the law, not end-times prophecy and extreme religious beliefs,” the letter said.

Iran, whose political system is based on the Shia Islamic belief that religious authority derives from the line of imams descended from the Prophet Mohammad, routinely portrays the United States as “the Great Satan” and uses religious language in military propaganda, describing fallen fighters as martyrs.

Reporting by Maria Tsvetkova; Editing by Howard Goller

Health Ministry kicks off Public Health Week

Residents encouraged to take part in wellness events and healthier living initiatives

The Government of Bermuda issued the following press release.

The Ministry of Health will observe Public Health Week 2026 from 6–10 April under the theme “Ready, Set, Action!”. This year’s theme encourages the community to reflect on progress made while highlighting the steps needed to build a healthier future for all Bermudians.

The Minister of Health, the Hon. Kim Wilson, JP, MP, emphasised the importance of collective action in improving the island’s wellbeing: “Public Health Week is a reminder that every one of us has a role to play in building a healthier Bermuda. ‘Ready, Set, Action!’ is more than a theme—it is a call to move from intention to meaningful change. Whether we are promoting physical activity, supporting our children, or caring for our own well-being, the choices we make today shape the health of our island tomorrow. I encourage everyone to participate in this week’s activities and take one positive step toward a stronger, healthier future.”

Public Health Week will begin on Monday, 6 April, with a public pop‑up outside the Ministry of Health Headquarters, 10 am – 2 pm, promoting healthy living, offering free health screenings, and highlighting Department of Health programmes and services.

On Tuesday, 7 April, at 4:30 pm, the Ministry will hold the Pauleter Stevens 5K Memorial Walk, a four‑mile event honouring the memory of Pauleter Stevens, a cherished member of the Ministry whose resilience, dedication to service, and advocacy for chronic‑disease awareness left a lasting impact on colleagues and the wider community. The walk serves as a meaningful tribute to her legacy and the values she embodied, and all are welcome to attend.

On Thursday, 9 April, Youth Fun Fitness Activities will take place at Victoria Park, featuring physical‑activity stations and interactive Department of Health booths. Children aged 4–16. This event is by invitation only for some of the Government holiday camps.

The week will conclude on Friday, 10 April, with the Staff Appreciation Day/Health Heroes Recharge, held exclusively for Ministry of Health employees and celebrating our team while modelling the wellness principles promoted throughout the week.

Public Health Week 2026 reflects the Ministry’s ongoing commitment to empowering individuals, strengthening community wellbeing, and promoting healthier lifestyles across Bermuda. The Ministry encourages all residents to join Monday’s health pop-up and Tuesday’s walk and continue taking meaningful steps toward a healthier future.

North Korea distancing itself from Iran to leave door open for US talks, Seoul says

Seoul’s National Intelligence Service (NIS) said North Korea had not sent weapons or supplies so far to Iran since the conflict started on February 28

International News via Reuters:

North Korea appears to be distancing itself from longtime partner Iran and carefully managing its public messaging to preserve the possibility of a new relationship with the U.S. after the Iran war, South Korean lawmakers said on Monday, citing the spy agency.

Seoul’s National Intelligence Service (NIS) said North Korea had not sent weapons or supplies so far to Iran since the conflict started on February 28, and did not issue public condolences upon the death of Supreme Leader Ayatollah Ali Khamenei, who was killed in air strikes, said lawmaker Park Sun-won who attended a closed-door briefing held by the NIS.

Pyongyang also sent no congratulatory message when Khamenei’s son, Mojtaba Khamenei, was selected as the new supreme leader, Park said, citing the NIS.

While China and Russia had frequently issued statements on the conflict, North Korea’s Foreign Ministry had only issued two toned-down statements so far, consistent, the NIS said, with North Korea’s recent tendency to avoid direct criticism of U.S. President Donald Trump.

The NIS assessed this restraint as preparation to secure new diplomatic space after an anticipated May summit between Chinese President Xi Jinping and Trump, the lawmaker said.

North Korea was also facing significant economic strain related to the Middle East crisis, with disruptions to the procurement of industrial supplies, rising prices, and a surging exchange rate, the NIS told lawmakers.

North Korea was also trying to secure Russian oil supplies, the NIS said.

At North Korea’s Ninth Workers’ Party Congress in late February, Kim appeared to leave an opening for talks with Washington, saying there was no reason the countries “cannot get along well,” if the U.S. recognised North Korea’s status as a nuclear state and withdrew its hostile policy.

The NIS assessed Kim had made the remarks in his own voice as a deliberate signal, aimed at keeping relations with Trump in good standing and positioning Pyongyang for a new diplomatic chapter once the Middle East conflict subsides, Park said.

Reporting by Jack Kim and Joyce LeeEditing by Ed Davies

US crude premiums climb to record levels as Asia, Europe compete for supply

Europe is typically the largest importer of U.S. crude, but competition has escalated with Asian buyers scouring for supply from the Americas to Africa and Europe to replace Middle Eastern oil

International News via Reuters:

Spot premiums for U.S. West Texas Intermediate crude have jumped to all-time highs as competition between Asian and European refiners for supply heats up to replace Middle Eastern oil flows disrupted by the Iran war, industry sources said.

Europe is typically the largest importer of U.S. crude, but competition has escalated with Asian buyers scouring for supply from the Americas to Africa and Europe to replace Middle Eastern oil that is unable to move through the Strait of Hormuz.

The jump in crude prices is driving up costs and widening losses for refiners on both continents, sources and analysts said, putting severe pressure on companies including state-owned firms that are required by governments to keep producing fuel for national security.

“Asian refiners, shut out of Middle Eastern supply, are bidding aggressively for every available Atlantic Basin barrel,” said Paola Rodriguez-Masiu, chief oil analyst at Rystad Energy, in a note dated April 3.

‘EVERY DAY THERE’S A NEW PRICE’

Offers for WTI Midland crude delivered to North Asia in July on very large crude carriers had premiums of $30 to $40 a barrel, depending on the benchmark used, traders said.

One trader pegged the premium at $34 a barrel to Dubai quotes while another put it at $30 a barrel above dated Brent. Two others said offers have gone closer to $40 a barrel above an August ICE Brent basis.

Those levels are up from premiums of close to $20 a barrel for deals concluded in late March and early April, when Japanese refiners including Taiyo Oil purchased WTI crude, traders said.

“Every day there’s a new price,” one of the traders said, adding that Asian refiners face severe losses from the premiums.

Another trader said refiners would be better off reducing crude runs and buying products – if anyone is offering.

Spot premiums jumped after the prompt monthly spread for WTI futures hit its widest backwardation on Thursday. Backwardation refers to when prompt prices are higher than those in future months.

Wider discounts on U.S. crude oil compared with global benchmark Brent have also spurred demand for tankers on the U.S. Gulf Coast, reducing vessel availability in the region and driving up freight rates.

In Europe, bids for WTI Midland delivered to the continent climbed to a record premium of close to $15 a barrel against dated Brent on Thursday. [CRU/E]

“At current physical differentials and freight rates, European refiners buying spot crude cannot make money running those barrels through their systems,” Rodriguez-Masiu said.

Reporting by Florence Tan and Siyi Liu in Singapore; Editing by Thomas Derpinghaus

Global equity funds draw second weekly inflow amid war de-escalation hopes

Global equity funds received inflows of roughly $40.14 billion for the prior week, LSEG Lipper data showed

International News via Reuters:

Investors bought global equity funds worth a net $15.02 billion in the March 26-April 1 period, logging a second straight week of inflows, on hopes that the U.S.-Israeli war with Iran could soon de-escalate.

Global equity funds received inflows of roughly $40.14 billion for the prior week, LSEG Lipper data showed.

U.S. President Donald Trump, however, ratcheted up pressure on Iran on Sunday, threatening to target its power plants and bridges on Tuesday if the strategic Strait of Hormuz is not reopened.

Investors bought a net $7.05 billion worth of U.S. equity funds in the most recent week, after buying roughly $36.95 billion a week ago. European and Asian funds also received net purchases of $3.25 billion and $2.96 billion, respectively.

However, they divested bond funds worth a net $19.58 billion, turning weekly net sellers for the first time since December 31, 2025.

They pulled out of high-yield and euro-denominated bond funds worth a significant $5.1 billion and $3 billion, respectively.

In the money market segment, investors extended net selling for a second successive week, withdrawing $16.93 billion.

Meanwhile, selling pressure eased in the gold and other precious metals commodity funds as investors added $78.33 million to these funds in their first weekly net purchases since February 25.

Global emerging markets, however, remained out of favour for a fourth straight week as investors withdrew approximately $3.29 billion from bond funds and $1.98 billion from equity funds, data for a combined 28,838 funds showed.

Reporting by Gaurav Dogra; Editing by Janane Venkatraman