Shares on Wall Street and in Europe traded down as investors digested another blowout quarter from Nvidia, the world’s most valuable company
International News via Reuters:
An index of global equity markets eased after hitting a fresh record high on Thursday as concerns about lofty valuations of leading technology companies weighed on markets after artificial intelligence chipmaker Nvidia reported strong quarterly results.
Shares on Wall Street and in Europe traded down as investors digested another blowout quarter from Nvidia, the world’s most valuable company, but worried about its market value even as it forecast that first-quarter revenue would come in at a whopping $78 billion.
On Wall Street, technology and communication services were the biggest losers, with Nvidia’s shares down 4%. The Dow Jones Industrial Average rose 0.11%, the S&P 500 fell 0.70%, and the Nasdaq Composite fell 1.37%.
“People are getting concerned about lofty valuations even though when you look at a company like Nvidia, the estimates, cash flow, and everything else are dramatically higher,” said Thomas Plumb, chief executive and portfolio manager at Plumb Funds in Madison, Wisconsin.
“But I think the sentiment will eventually match up with the realities,” said Plumb, who has Nvidia as his largest investment holding.
In Europe, the broad STOXX 600 index fell 0.11%. MSCI’s All Share Index was down 0.30% after rising to a record high of 1,063.86.
Reporting by Chibuike Oguh in New YorkEditing by Rod Nickel
Bermudian equestrian standout Cody Rego has continued his impressive development on the world stage this week, producing a composed performance at the prestigious 2026 Winter Equestrian Festival (WEF) in Wellington, Florida. Competing during the Week 6 CSI3 WCHR IDA Development week, the young rider showcased exceptional form across multiple categories, cementing his reputation as one of the region’s most promising talents.
Rego’s first major success came in the 1.10m Schooling Jumper event. Competing under Table II conditions, which reward precision and clear rounds, Rego partnered with the horse Lego to deliver a masterclass in efficiency. The pair navigated the course flawlessly, stopping the clock in a two-clear round time of 63.761 seconds to secure first place in a competitive field.
The winning momentum carried directly into the 1.0m Training Jumper division. Riding Cartel PS, Rego once again demonstrated his technical skill and composure under pressure. Navigating the obstacles with ease, the duo recorded another faultless performance, crossing the finish line with a two-clear round time of 68.362 seconds. The result marked Rego’s second top-of-the-podium finish of the week, highlighting his consistency and the growing strength of his partnership with multiple horses at the elite Florida venue.
As the Winter Equestrian Festival continues to draw the world’s best riders, Rego’s dual victories provide a significant boost to his international campaign. The young Bermudian remains a figure to watch as he continues to climb the ranks of the professional circuit during the season’s remaining weeks.
The Greenland crisis has further raised Frederiksen’s profile on the international stage, boosting the standing she gained through her swift response to the COVID-19 pandemic and for building European support for Ukraine
International News via Reuters:
Denmark will hold a parliamentary election on March 24, Prime Minister Mette Frederiksen said on Thursday, seeking to capitalise on a surge in support for her defiant stance against U.S. pressure over Greenland.
Frederiksen has spent recent months rallying European leaders against President Donald Trump’s renewed interest in annexing the Arctic island, an effort that opinion polls suggest has bolstered her popularity after public dissatisfaction over rising living costs and pressures on welfare services.
“This will be a decisive election, because it will be in the next four years that we as Danes and as Europeans will really have to stand on our own feet,” Frederiksen said.
“We must define our relationship with the United States, and we must rearm to ensure peace on our continent.”
LOCAL RECORD ALSO IN FOCUS
The Greenland crisis has further raised Frederiksen’s profile on the international stage, boosting the standing she gained through her swift response to the COVID-19 pandemic and for building European support for Ukraine.
The election will test whether voters reward her international leadership and defence of Danish sovereignty or punish her government for what critics say has been an inattention to problems at home.
“The trust in Mette Frederiksen as a leader and her ability to navigate the Greenland and Ukraine crises will be central to the campaign,” political commentator Joachim B. Olsen said.
“Her weakness is that, having been prime minister for two terms, it becomes more difficult to talk about solutions to the problems,” he added. “She wants to talk about inequality, but then voters will ask why she hasn’t addressed those problems until now.”
Denmark’s current government is an unusual cross-partisan coalition of Frederiksen’s Social Democrats, the centre-right Liberal Party led by Defence Minister Troels Lund Poulsen, and the Moderates, led by Lars Lokke Rasmussen, the foreign minister who has twice served as prime minister.
Created in 2022 as a crisis government, the coalition stands to lose its majority, according to opinion polls, as parties reposition themselves along more traditional left-right lines.
The Social Democrats suffered a significant defeat in the 2025 municipal elections, losing the Copenhagen mayoralty for the first time in 87 years.
While the party’s support plummeted to 17% in December polls, it has since rebounded to 22% as Frederiksen’s approval ratings got a lift from her handling of the Greenland dispute. In the 2022 general election, the party won 28% of the vote.
Political scientist Rune Stubager said voter concerns include food prices, welfare, inequality and immigration.
The government’s 2023 decision to abolish the Great Prayer Day public holiday to fund higher defence spending was unpopular, despite broad public support for military investment.
The Green Left party, a traditional ally of the Social Democrats that is currently in opposition, has pledged to reinstate the holiday if elected, a proposal the Social Democrats have not ruled out.
Frederiksen’s party also aims to emphasise its strict immigration policies, a stance that helped its 2019 victory. In January, the government proposed easing deportation rules for foreign nationals, acknowledging the potential clash with European human rights frameworks.
Additional reporting by Stine Jacobsen and Louise Rasmussen; Editing by Terje Solsvik and Andrew Heavens
Ocado will cut about 1,000 jobs as part of a cost-saving drive aimed at helping the British technology and online grocery group turn cash-flow positive this year.
The London-listed firm, which supplies automated technology for distribution centres and runs a UK online grocery joint venture with Marks & Spencer, said the job cuts form part of a plan to lower technology and support costs by 150 million pounds ($203 million) in its 2025/26 fiscal year.
“It’s about 1,000 people, it’s less than 5% of our global workforce, about two thirds of those jobs are in the UK, about half of the jobs are from our R&D team,” CEO Tim Steiner told Reuters on Thursday.
Ocado shares fell 10% in early trading.
The stock has slumped 36% over the last year after Ocado’s North American partners – Kroger in the U.S. and Sobeys in Canada – said they would close robotic customer fulfilment centres (CFSs), blaming weaker-than-expected demand.
The moves raised fresh questions over the viability of Ocado’s business model, particularly for partners whose customers are spread beyond dense urban areas.
Ocado says the expiry of exclusivity agreements in most of its overseas markets, including the U.S., allows it to seek new partners. However, analysts doubt the group can secure fresh deals given challenges with existing partners and a wider industry shift towards fulfilling online orders from stores.
The group forecast it would turn cash-flow positive in the second half of its 2025/26 year, with full-year underlying cash outflow excluding closure fees of about 200 million pounds.
It expects to be full-year cash-flow positive in 2026/27.
For the year ended November 30, Ocado reported a 59% rise in underlying earnings to 178 million pounds, on revenue up 12.1% to 1.36 billion pounds.
($1 = 0.7378 pounds)
Reporting by James Davey. Editing by Kate Holton and Paul Sandle
The Government of Bermuda proudly announces that Kimberley Durrant, UK Representative and Director of the Bermuda London Office, has been elected Chair of the United Kingdom Overseas Territories Association (UKOTA), an accomplishment that reinforces Bermuda’s recognition in London.
In accordance with the Association’s constitution, the Premier of Bermuda, the Hon. E. David Burt, JP, MP, will serve as President of the Political Council.
UKOTA is recognised as the official advocacy bloc and unified voice of the UK Overseas Territories, playing a pivotal role in shaping policy, coordinating Territory interests, and strengthening relationships with the UK Government, Parliament, and the wider international diplomatic community.
Since its establishment in 1993, the Association has brought together the governments of the UK’s inhabited Overseas Territories to advocate collectively, engage directly with key UK departments, and champion shared priorities on the global stage.
Today, the Premier said, “Congratulations to Ms Durrant on her appointment as Chairman of UKOTA. As a well-respected member, Kimberley’s election honours not just her leadership, but Bermuda’s reputation for diplomacy, professionalism, and long-standing engagement on behalf of the Overseas Territories. In my capacity as President, I will support Leaders across the Overseas Territories and work collectively to enhance our shared priorities. This level of representation gives Bermuda access and opportunities for greater economic and political representation, globally.”
And Ms. Durrant said, “I extend sincere gratitude to the Government of the British Virgin Islands and their UK Representative for their steadfast leadership during the 2025/2026 tenure. I am deeply honoured to be elected Chair, a position I have served previously. It is my duty to serve not just Bermuda but across the Territories as we deliver our priorities on trade, financial services, climate policy, and the rights and opportunities of Overseas Territory citizens.”
Former Finance Minister Curtis Dickinson reflects on the groundwork that had to be done to develop the Corporate Income Tax after Bermuda’s ‘hand was forced’ by the OECD
The man who laid the groundwork for the Corporate Income Tax acknowledges that Bermuda’s ‘hand was forced’ by the OECD – but it worked out for us.
Curtis Dickinson, PLP MP and Finance Minister from November 2018 to February 2022, says they were concerned about the impact of the tax, but they worked alongside International Business for the best outcome.
Bermuda’s junior Davis Cup stars faced a testing day in Guatemala City as their qualifying campaign shifted into the Under-16 classification rounds. Competing in the 9th to 16th place play-off, the young Bermudian side showed flashes of brilliance but ultimately fell to a narrow 2–1 defeat against the US Virgin Islands.
The tie opened with a three-set marathon that set a high bar for the afternoon. Hasan Khan represented Bermuda in the opening singles rubber against Weston Wagner. After dropping the first set 6-3, Khan displayed immense resolve, clawing back to level the match with a gritty 6-4 second-set victory.
However, Wagner regained his composure in the deciding frame, defeating Khan 10-3 in the tie-break to give the US Virgin Islands the early advantage.
The mountain became steeper in the second singles match as Jaden Jones took to the court against Croix Nelthropp. Despite a competitive opening set where Jones pushed his opponent to the limit, Nelthropp proved too strong in the decisive moments, securing a 7-5, 6-3 victory. The result mathematically secured the overall tie for the US Virgin Islands before the final rubber commenced.
Bermuda did manage to salvage pride and momentum in the concluding doubles match. Hasan Khan returned to the court alongside Michael Collins to face the pairing of Nelthropp and Wagner.
The Bermudian duo demonstrated excellent chemistry and clinical net play, wrapping up a comprehensive 6-4, 6-3 straight-sets win. While not enough to overturn the overall deficit, the victory provided a positive finish to a grueling day of international competition on the red clay.
Freshman Madisyn Bobb and her University of Maryland, Baltimore County (UMBC) teammates have rewritten the history books by capturing the program’s first-ever America East Indoor Championship title. In a spectacular weekend of competition at the Boston University Track and Tennis Center, the Retrievers delivered a clinical performance to finally hoist the elusive trophy.
UMBC amassed a formidable 163 points to secure the crown, besting perennial powerhouse UAlbany, who finished with 143 points. Bryant claimed third place with 116.83 points in a meet defined by record-breaking performances and depth across the board. The victory was secured in dramatic fashion, with a gold-medal and meet-record performance in the 4x400m relay putting the finishing touches on the historic win.
Bermudian standout Madisyn Bobb played a significant role in the team’s sprint dominance. Competing in the 200m dash preliminaries, Bobb clocked a time of 24.61 seconds to finish fifth and earn her spot in the final.
She found an extra gear in the championship race, lowering her time to 24.49 seconds. Although she narrowly missed the podium with a fourth-place finish, her effort contributed vital points to the Retrievers’ winning total.
The championship win brought additional honors for the program as UMBC was named the America East Coaching Staff of the Year. Alongside Bobb’s contributions, the Retrievers celebrated individual gold medals in events ranging from the 200m and 60m hurdles to the mile and shot put, signaling a dominant new era for the team.
The UMBC squad will now look to carry this momentum onto the national stage following a breakthrough season that has established them as the force to be reckoned with in the conference.
The five-year-old with cerebral palsy needs $32k for a “life changing” Trexo robotic walker — with just 10% left to raise, her family is calling on the community to help make it happen
A five-year-old with an unstoppable spirit is rallying support from Bermuda to Canada, and beyond.
Aryah Rose lives with severe cerebral palsy, and her family is now working to raise funds for a robotic walking device they hope will open the door to greater independence.
Aryah Rose was born in 2021 and experienced a bilateral stroke during delivery. Today, she lives with spastic quadriplegic cerebral palsy and cortical Vision Impairment . She’s non-verbal, non-ambulatory, and primarily fed through a G-tube.
But her mom, Delijah Symonds, says none of that defines her.
“She’s very happy, very determined. She’s the sweetest thing. Her determination to thrive and to be included and to move her body is pretty incredible.”
That drive is what inspired her family to begin fundraising for a Trexo robotic walker following a successful trial with one. The device is designed to help children with mobility challenges stand upright and take supported steps.
“It makes her the happiest kid in the world,” said Ms Symonds. “You see her smile when she gets in the machine… and the way she cries getting out of it – like wow she really loves this.”
For many people, walking is something they rarely think about – getting out of bed, moving from place to place without a second thought.
For Aryah, every transition requires being lifted in and out of her wheelchair.
Inside the Trexo, however, she isn’t just moving – she’s included.
“It’s just a very wholesome feeling to see her upright and walking, being eye to eye with her peers,” adds Ms Symonds. “That helps with self-esteem, self-confidence, being included.”
Beyond mobility, the walker may also support muscle development, digestion, and even sleep.
But that opportunity comes at a steep price -$32,000 – and the device is not covered by insurance in Canada, where Aryah and her family now live.
In December, the family launched a fundraising campaign through Support Now. Since then, donations have poured in from around the world.
“I’m so, so, so thankful for the support that we have received thus far. It’s not an easy journey being a parent of a child with a disability… you know, her joy is my peace and so just being able to see so many components of her life be benefited by this robot – it’s just, it’s sometimes hard to find the words when it’s just so heart-warming. But we’re hopeful. I believe we can do it and we’re going to do all that we can to make this a reality for her.”
With just about ten percent of their goal left to raise, the family says every contribution makes a difference.
For those who prefer not to donate through the platform, Ms Symonds can be contacted at delijah.symonds@hotmail.com to connect directly with their Trexo representative.
Ms Symonds said that whether at home in Bermuda or now in Canada, advocacy around cerebral palsy does not stop. Awareness, she said, is key.
For anyone walking a similar journey, she is always willing to offer support and encouragement, knowing first-hand how isolating it can feel.
“It’s my hope to one day return home and help fill the gaps that are so necessary.”
She said she is aware of several families on the island who would benefit from relocating and is grateful she was born in Canada, allowing Aryah access to additional services.
“Had I not had my Canadian ties, I would still be home, still fighting the fight that I know many of my friends are facing. But I’m staying hopeful and positive that I can be part of the change I’d like to see at home, because it’s so important.”
Tinee Furbert outlines key budget initiatives for the Ministry of Youth, Social Development and Seniors
Breaking ground on a new seniors’ day care facility, creating a dedicated Disability Unit, and increases to financial assistance.
These are among key initiatives in this year’s budget for the Ministry of Youth, Social Development and Seniors.
The Ministry has been allocated $96.2 million overall, including a $16.1 million operational budget to support a range of new and expanded programmes.
“We are taking practical steps to ease the burden on working families,” Minister Tinee Furbert said. “Amendments to the Child Day Care Allowance Act will increase financial assistance for families with multiple children under the age of four, helping to improve affordability and support workforce participation. $250,000 in additional funding is provided for expansion of the Child Day Care Allowance programme.
“In addition, the income threshold for Financial Assistance pensioners has increased from $500 to $800, allowing recipients to retain more of their earned income while maintaining essential support $1.5 million dollars has been allocated for these amendments to the Excluded Income threshold.”
Elsewhere, $1.8 million in capital funding has been set aside to transform the former Gilbert Institute in Paget into a seniors’ day care facility. Once operational, the centre will provide structured day programmes, respite services, and recreational activities for at least 50 seniors, including those living with dementia.
Minister Tinee Furbert says the ground-breaking is targeted for September.
Meanwhile, $160,000 has been allocated to support the development of a Disability Unit within Ageing and Disability Services.
The unit will be led by a full-time Programme Manager, with an amended Accessibility Officer role within ADS covering both accessibility compliance and public awareness responsibilities.
Minister Furbert says the initiative is especially meaningful to her.
The 9th Annual Film Weekend event, hosted by Crime Stoppers, will begin on Thursday February 26th at the Bermuda Underwater Exploration Institute
Full release from Crime Stoppers:
This annual event serves as the major fundraiser for Crime Stoppers which supports the community by empowering citizens to report crimes while maintaining their anonymity. Offering a valuable service for individuals who may be reluctant to interact with law enforcement.
This year, the film weekend will showcase five films nominated for the 2026 Oscars:
– One Battle After Another
– Sentimental Value
– The Secret Agent
– Sinners
– Marty Supreme
Additionally, the Crime Stoppers film team is thrilled to feature a Sunday afternoon film series, showcasing seven short films by talented local filmmakers and producers:
– “From the Sea We Come,” produced by Noelle Young
– Gold Bermudian “Debbie Jones-Hunter,” written and directed by Kaz Godfrey
– Gold Bermudian “Gina Swainson,” written and directed by Marq Rodriguez
– Gold Bermudian “Michael Frith,” written and directed by Kyle Simmons
– “Isle of Devils” and “Lawman,” both written and directed by Kalilah Robinson
– “Outcast,” written and directed by Kayo George
Supporting this fundraiser enables individuals to SPEAK UP AND STOP CRIME.
Join Crime Stoppers at the BUEI for their Big Screen Experience from Thursday, February 26 to Sunday, March 1, 2026.
For further information and to purchase tickets, please visit www.ptix.bm, the BUEI ticket office, or contact fundraising@crimestoppers.
Report what you know by calling 800-8477 or visiting our website at www.crimestoppers.bm
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