Wednesday, October 21, 2026
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Lane closure in Warwick for paving work

The Ministry of Public Works and Environment advises the motoring public that a single-lane closure will be in effect on Middle Road, in Warwick, from Tamarind Vale junction to Longford Road for paving works to take place.

The single-lane closure commences on Thursday, 24th September 2026 and continuous through to Monday, 16th November 2026.

Working hours will be from 7:00 am to 7:00 pm daily.

The traffic control for the paving works will be managed by Surface Experts Ltd. representatives, utilizing stop-and-go signs and temporary traffic signals.

The motoring public is advised to use the designated detour routes via South Road and Harbour Road to avoid this section of Middle Road. Motorists who do not utilize the detour routes should expect traffic delays while traveling through the area.

The Ministry of Public Works and Environment encourages full cooperation from the motoring public and apologises for any inconvenience that may arise.

If you have any questions about these works, please contact Tina Beer-Searle, the Ministry of Public Works and Environment Principal Highways Engineer, at 501-3044.

Dylan Muso finishes 40th in The Gauntlet in New Jersey

Dylan Muso closed out an eventful second round to claim a share of 40th place as McDaniel College brought their campaign to a close at The Gauntlet at Hawk Pointe Golf Club in Washington, New Jersey.

The Bermudian golfer completed the 36-hole tournament at 12-over par, navigating a testing final day on the challenging New Jersey layout.

Muso signed for a second-round seven-over-par 79, battling testing pin placements and firm conditions to grind out his finish.

His scorecard told a tale of perseverance. The highlight came with a well-earned birdie, backed up by 11 steady pars across the afternoon.

However, dropped shots proved costly in his push up the leaderboard, with five bogeys and a damaging triple bogey checking his momentum and leaving him tied for 40th in the individual standings.

EU could recoup third of US economic lead with bigger firms, ECB says

European policymakers are trying to tackle the EU’s economic underperformance relative to the United States, which is home to many of the world’s largest companies and is leading the race to develop artificial intelligence

International News via Reuters:

The European Union could close a third of its productivity gap with the United States if it had as many large companies, the European Central Bank said on Wednesday, adding its voice to calls for reforms that make it easier for businesses to scale up.

European policymakers are trying to tackle the EU’s economic underperformance relative to the United States, which is home to many of the world’s largest companies and is leading the race to develop artificial intelligence.

EU workers produce 20% less output per hour than their US counterparts, according to academic studies. They were almost on an even keel in 1995.

ECB staff found that if Europe had the same distribution of large and small firms as the United States – without changing how productive each type of company is – the productivity gap would shrink by roughly one-third.

Large firms are significantly more productive than smaller ones. Companies with at least 250 employees generate an average of €86,800 in value added per worker annually, while firms with fewer than 10 employees produce less than half that amount.

The ECB said Europe’s weaker productivity performance also reflects lower innovation, fragmented regulation and less developed capital markets, all of which make it harder for companies to grow and compete internationally.

The central bank backed the proposed “EU Inc” framework, an EU-wide corporate law regime aimed at reducing barriers to cross-border business activity.

Modelled loosely on Delaware’s corporate framework in the United States, EU Inc would create a single legal structure operating across the bloc, bypassing a patchwork of 27 national company law systems and dozens of corporate forms.

“EU Inc. has the potential to support the Single Market, by strengthening competition, innovation and productivity growth,” the ECB said.

Reporting by Francesco Canepa; Editing by Andrew Cawthorne

NAC 2026 schedule reworked as rain forces double-headers

Adverse weather has forced tournament organizers to radically overhaul the 2026 North American Cup schedule, triggering a grueling run of back-to-back fixtures across three consecutive days.

With rain washing out initial fixtures, Bermuda, Cayman Islands, and the Bahamas now face congested double-headers in a bid to complete the group phase ahead of the weekend knockout matches.

Bermuda will open the revised itinerary on Wednesday, 23 September, facing the Cayman Islands twice in the space of a few hours. The morning clash is scheduled for 10:00 local time, followed by a swift turnaround before the second meeting at 14:30.

The burden then shifts directly to Cayman on Thursday, 24 September, when they take on the Bahamas under the same testing morning-and-afternoon schedule (10:00 and 2:30).

Bermuda will conclude the preliminary phase on Friday, September 25th, meeting the Bahamas in another double-header at 10:00 and 2:30 to determine the final standings.

Squad depth and recovery protocols will be stretched to the limit, with all three sides forced to navigate 140-plus overs of cricket inside 36 hours.

Lauren Cardwell’s Toronto held to scoreless draw by Waterloo

Bermuda’s Lauren Cardwell and her University of Toronto Varsity Blues had to settle for a gritty 0-0 draw against heavyweight rivals Waterloo Warriors in an intense OUA encounter at Back Campus Fields.

In a clash between two of the conference’s premier programmes, both defences held firm across four fiercely contested quarters.

Toronto took the initiative early, with first-year midfielder Maddy Kim controlling the tempo and breaking up play, while goalkeeper Marry Yang was sharp between the posts when Waterloo threatened.

The visitors created their clearest opening after the break, only for a crucial goal-line block from defender Danielle D’Silva to deny them the lead.

Spurred on by captain Maggie Mullins, the Varsity Blues launched a relentless late assault in the fourth quarter. However, despite heavy pressure inside the Warriors’ circle right up to the final hooter, Cardwell and Toronto were forced to share the points.

SailGP pumps millions into the economy

The SailGP fleet in action on Race Day 1 of the Apex Group Bermuda Sail Grand Prix in Bermuda. Saturday 9 May 2026. Rolex SailGP Championship Event 5 2026 Season. Photo: Simon Bruty for SailGP. Handout image supplied by SailGP

The 2026 Apex Group Bermuda Sail Grand Prix generated an estimated $7.2 million in total economic impact for Bermuda – a 47 percent increase compared to the 2024 season equivalent, highlighting the growing contribution of the Rolex SailGP Championship to Bermuda’s visitor economy.

The increase was largely driven by a significant rise in international spectators attending the event. More than double the number of international visitors travelled to Bermuda for the 2026 Apex Group Sail Grand Prix compared with 2024, resulting in a substantial increase in visitor-related spending. As a result, spectator economic impact increased from $3.7 million to $4.8 million.

The findings, commissioned by Deloitte, underscore the economic value of attracting major international sporting events to Bermuda, while demonstrating the ability of SailGP to draw visitors from overseas and encourage spending across the island.

Ryan Reynolds, co-owner of BONDS Flying Roos SailGP Team, sits alongside Tom Slingsby, driver of BONDS Flying Roos SailGP Team, as he joins the BONDS Flying Roos SailGP Team for a sixth sailor experience ahead of the Apex Group Bermuda Sail Grand Prix in Bermuda. Friday 8 May 2026. Rolex SailGP Championship Event 5 2026 Season. Photo: Jason Ludlow for SailGP. Handout image supplied by SailGP

Andrew Thompson, SailGP Managing Director, said: “SailGP brings the world’s best athletes and a truly global audience together in some of the world’s most iconic destinations, and Bermuda is a perfect example of the impact that can have. The 2026 event delivered a significant increase in economic value for the island, driven in large part by international visitors choosing to travel to Bermuda for SailGP. That growth is a powerful demonstration of the championship’s ability to attract visitors, generate meaningful local spending and showcase Bermuda on a global stage, in addition to working with local suppliers, businesses and schools.”

Michael DeCouto, Bermuda Tourism Authority Chief Sales & Marketing Officer, said: “These results are encouraging because they show what the right events can do for Bermuda. It’s not simply about bringing more people to the island. It’s about attracting visitors who stay, spend across our economy and discover more of Bermuda while they’re here. The growth in international spectators tells us SailGP is giving people a compelling reason to travel, while showcasing Bermuda as a destination capable of hosting world-class events. That is the kind of value we want tourism to create for the island.”

SailGP F50 catamaran fleet on the start line on Race Day 1 of the Apex Group Bermuda Sail Grand Prix in Bermuda. Saturday 9 May 2026. Rolex SailGP Championship Event 5 2026 Season. Photo: Bob Martin for SailGP. Handout image supplied by SailGP

The hugely successful 2026 Apex Group Bermuda Sail Grand Prix, held May 9–10 at Morgan’s Point, welcomed a sold-out crowd of nearly 6,000 spectators across race weekend, bringing Bermuda into the international spotlight as 12 national teams battled it out on the Great Sound in SailGP’s high-performance F50 catamarans. With racing taking place close to shore, fans enjoyed a rare, up-close view of the speed and intensity of the world’s most exciting sailing championship, while the event showcased Bermuda’s world-class capabilities, natural beauty and reputation as one of the world’s premier sailing destinations.

In addition to the on-water racing, SailGP Inspire engaged nearly 1,000 youth from 17 schools across Bermuda to create opportunities to connect with the event through sport, technology, sustainability and hands-on learning. SailGP Inspire, proudly supported by global partner Mubadala, opens new pathways for young people to experience the possibilities of sailing through hands-on action on the water or by tackling innovation-driven challenges in the classroom. To date, more than 34,000 youth have been engaged through SailGP Inspire in race destinations across the globe.

SailGP will return to Bermuda next year with the Apex Group Bermuda Sail Grand Prix confirmed for May 1-2, 2027 as part of the Rolex SailGP Championship’s most ambitious global season calendar to date. Fans interested in attending the 2027 event can sign up for SailGP+ at SailGP.com/Bermuda to receive early access and exclusive pricing on Bermuda tickets.

Knife and drugs seized during arrest in Southampton

Around 12:20 p.m. on Tuesday, September 22, 2026 police officers were conducting traffic abatement operations in the area of Barnes Corner, Southampton, when they had cause to stop a motorcycle carrying two persons.

The pillion passenger, a 20-year-old male, got off the bike and officers observed a belt clip which appeared to hold a folding knife.

They then conducted a search of the person and recovered a knife in his waistband. The item was seized and the male was arrested for having a bladed article in a public place.

A further search of his person revealed several paper twists containing suspected controlled drugs.

He was further arrested for possession of controlled drugs. The subject was subsequently transported to the Hamilton Police Station and detained.

Superintendent Arthur Glasford, of the Tactical Division, stated: “Traffic abatement operations may involve speed checks as well checks for compliance with traffic laws, but during these operations officers are also on the lookout for persons who may have illegal items in their possession.”

“These include weapons and drugs. There have been a number of persons found with knives and other bladed or pointed weapons in their possession. Please be advised that persons found in possession of these items without lawful excuse will be arrested and brought before the courts.”

Sarah Cross is Buckingham’s High Performance Athlete of the Year

Bermudian rugby international Sarah Cross has been crowned High Performance Athlete of the Year at the University of Buckingham Students’ Union’s 2026 Sports and Societies Awards.

Cross saw off competition from two other shortlisted finalists to claim the prestigious individual honour at an end-of-season ceremony hosted at the Leonardo Hotel in Milton Keynes.

The award caps a standout campaign in the UK for the versatile Bermudian, who has successfully balanced her academic commitments with top-level rugby on both sides of the Atlantic.

Alongside her contributions in university competition, Cross has been an integral presence for local club side Buckingham Swans and continues to feature on the international stage for Bermuda.

Organizers gathered to celebrate Buckingham’s leading student-athletes, with Cross’s dual success at club and international level earning the headline recognition of the evening.

Global stocks stall, oil ticks up as investors await Mideast peace signals

Hopes of improving crude supplies have weighed on oil prices for most of this week

International News via Reuters:

Global shares paused on Wednesday after a four-day winning streak as oil prices drifted higher while investors awaited details on peace efforts in the Middle East.

Hopes of improving crude supplies have weighed on oil prices for most of this week. A sustained resumption of oil flows through the Strait of Hormuz would help significantly to keep inflation in check, which in turn would impact the global outlook for interest rates. 

However, caution persists as similar hopes have been quickly dashed in the past. US President Donald Trump said talks with Iran in New York had made progress, but then threatened to “annihilate” the country if a deal was not reached. 

“We’ve been through a series of starts and stops like this,” said Cole Smead, CEO and portfolio manager at Smead Capital Management.

“We’re in a pretty momentum-dominated market. I don’t think most people feel comfortable stepping in the way of headlines.”

The pan-European STOXX 600 index slid 0.42% to 640.16 points, while Brent crude futures rose 0.62% to $98.86 per barrel.

An MSCI index of global stocks dipped 0.11% after four consecutive days of gains.

“We’re probably nearing a point where it’s in both sides’ best interests to de-escalate the conflict and find a way to move forward,” said Brock Weimer, analyst, investment strategy, at Edward Jones.

Iranian President Masoud Pezeshkian addresses the UN General Assembly later on Wednesday and markets are alert to reports he might hold talks with Trump.

On Wall Street, futures tracking the benchmark S&P 500 and the tech-heavy Nasdaq-100 were down 0.07% and 0.27%, respectively.

ASIA RIDES AI WAVE

In Asia, stocks rose as consumer hunger for AI apps continued to buoy tech stocks.

Renewed buzz over AI helped South Korean stocks gain 0.9%, with Samsung up nearly 1%, while Taiwan’s benchmark firmed 0.8% to near all-time peaks.

The data hardware sector has been buoyed by strong consumer take-up of Meta’s Muse agent, which has topped US app download charts in the past two weeks.

Analysts are now keen to see how a similar product from Alphabet’s Google Labs, known as CC, will fare with consumers.

Chinese President Xi Jinping arrives in Washington later in the day amid speculation that a trade truce between the two countries will be extended, and there could be cooperation over AI.

Japanese markets were closed for a holiday, but Nikkei futures were trading at 66,425 , about 1,400 points above where the cash Nikkei closed on Friday. 

“We expect a strong reopening in Japan tomorrow, with another move lower in crude, calm conditions in rates and Treasuries,” said Chris Weston, head of research at broker Pepperstone.

“Memory stocks have taken the leadership baton, backed by another strong session for semis, which have recorded a sixth consecutive day of gains.”

Also of note was demand for SoftBank’s $10 billion-plus debt deal which has reportedly drawn more than $20 billion in indications of interest. That would make it one of the largest junk bond deals ever.

The 10-year yield rose 1.28 basis points to 4.9798%, close to the 5.0% pain barrier.

Richmond Fed President Tom Barkin and Boston Fed President Susan Collins on Tuesday both voiced support for last week’s rise in interest rates given concerns about inflation.

The prospect of higher rates helped the dollar hit multi-week highs versus the euro, sterling and Canadian dollar. The euro was left pinned at $1.1410, near a two-month low. 

Analysts said that a call from Trump to ban US diesel exports was potentially bad news for European inflation since the zone relied heavily on US shipments of the fuel.

The dollar was firmer against the yen at 157.93, with speculators wary of drawing more Japanese intervention on any push past 160.00.

Reporting by Niket Nishant in Bengaluru and Wayne Cole in Sydney; Editing by Christopher Cushing, Kim Coghill and Gareth Jones

BofA forecasts two BoE rate hikes as energy prices stoke inflation concerns

The shift follows last week’s BoE meeting where policymakers struck a firmer tone on inflation risks, particularly those stemming from a recent surge in oil and natural gas prices

International News via Reuters:

Bank of America Global Research became the latest brokerage to expect the Bank of England to raise interest rates twice over the next six months, as higher energy prices raise the risk of persistent inflation.

In a note on Wednesday, the brokerage said it expects the central bank to raise rates by 25 basis points in November and February, reversing its previous forecast for rates to remain unchanged before a cut in November 2027.

The shift follows last week’s BoE meeting where policymakers struck a firmer tone on inflation risks, particularly those stemming from a recent surge in oil and natural gas prices, prompting brokerages Barclays, UBS Global Research and J.P. Morgan to forecast rate hikes.

The BoE stood out among major central banks this month, keeping rates unchanged while the US Federal Reserve, European Central Bank and Bank of Japan opted to raise borrowing costs.

“We expect the passthrough of the energy shock to domestic inflation and second round effects to remain somewhat contained, but risks are on the upside,” BofA economists said in a note.

The brokerage said inflation staying near 4% early next year could fuel wage growth and broader domestic price pressures, increasing the risk that policymakers tighten policy further.

Markets are pricing in a 67% chance of a BoE rate hike in November, with another increase expected in December, according to LSEG data.

Despite the revised outlook, BofA said markets may be pricing in too much tightening, as it expects only two rate hikes before the BoE begins cutting rates in 2028, ultimately bringing the rate back to 3.5%.

Reporting by Rashika Singh in Bengaluru; Editing by Sahal Muhammed

Pound caught in three-day slide as dollar rallies broadly

Growth in British business activity cooled this month and inflation pressure built, a survey showed on Wednesday

International News via Reuters:

The pound fell for a third day on Wednesday, driven lower by the strength of the dollar, which got a lift from investors pricing in a higher chance of a string of US rate rises over the coming months, even as the oil price trades below $100 a barrel.

Sterling was around $1.328, down 0.45% on the day, even with oil futures dropping below $99 again, as investors clung on to evidence that supply from the Middle East was slowly improving, while optimism grew over a possible diplomatic breakthrough between the US and Iran. 

Growth in British business activity cooled this month and inflation pressure built, a survey showed on Wednesday, an awkward backdrop for finance minister John Healey ahead of his first budget in October.

The S&P Global UK Services Purchasing Managers’ Index (PMI) fell in September to 51.7 from 52.5 in August, a three-month low, according to “flash” or preliminary data. A Reuters poll of economists had pointed to a reading of 52.0.

“Growth in Britain’s economy has been remarkably resilient so far this year, though we think that a slowdown is almost inevitable during the remainder of the year – energy costs have risen, borrowing costs are up, the jobs market continues to weaken and political uncertainty looks set to rear its ugly head again as we approach budget day next month,” Matthew Ryan, head of market strategy at Ebury, said.

“We expect this to keep sterling under pressure in the near-term, though we do contend that sterling appears a bit oversold at current levels.”

Money markets show traders expect UK rates to be around a full percentage point above the current rate of 3.75% this time next year, which would imply four quarter-point hikes between now and then.

They assign roughly a 65% chance of a rate rise at the BoE’s November meeting, which falls right after the Autumn Budget, with a December hike seen as a done deal.     

Reporting by Amanda Cooper; Editing by Andrew Cawthorne