Thursday, November 5, 2026
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Seniors day centre could break ground in September, says Minister

$1.8m in capital investment allocated for design and renovations

Image renderings by Botelho Wood Architects

Planning approval is still pending for the development of a new seniors day-care facility at the former Gilbert Institute in Paget.

Tinee Furbert, the Minister of Youth, Social Development and Seniors, told media that $1.8 million in capital funding has been allocated to advance the site’s design and renovation.

Once operational, the facility will offer structured day programmes, respite services and recreational activities for at least 50 seniors, including those living with dementia.

Providing an update to Bermuda Broadcasting Company, Ms Furbert said the project is awaiting planning approval for initial architectural drawings submitted by Botelho Wood Architects.

The firm was selected through a Government Request for Proposals process.

“Once we have that approval, then we will look to break ground with demolition of some of the buildings that are currently at that site, and also check for asbestos,” Minister Furbert explained.

She added that the project could not begin “soon enough” and expressed hope that ground would be broken by September. Construction, however, is expected to continue through to 2027.

The subsidised day centre is a key initiative under the National Seniors Strategy 2024. The facility aims to support seniors and their families, particularly those in the “sandwich generation” who are balancing careers, raising children and caring for ageing parents.

The project was also included in the Progressive Labour Party platform during the 2025 General Election.

Inside Sports with Bermuda Squash Association

In this engaging conversation, Nick Jones & Darren ‘Butch’ Burchall discuss various aspects of sports in Bermuda, including football, cricket, and squash. They highlight recent sports events, community support, and the importance of youth engagement in sports. The discussion also touches on the business side of sports, emphasizing the need for a sports fund to support local athletes and infrastructure. The conversation concludes with reflections on the future of sports in Bermuda and the importance of unity through sports.

Elan Daley delivers as Tennessee secure second place at SECs

Bermudian standout Elan Daley has made a triumphant return to championship swimming, clocking two NCAA National Championship Qualifying Times to help the University of Tennessee “Lady Volunteers” to a podium finish.

Competing on home soil in Knoxville, Tennessee amassed 647 points to claim an impressive second place at the SEC Swimming and Diving Championships, finishing only behind the powerhouse Texas Longhorns (718 points).

For Daley, the meet marked a long-awaited debut at the elite SEC level following a collegiate career hampered by injuries. Her resilience was on full display across the sprint freestyle events:

  • 200-Yard Freestyle: Touched in 1:46.80 to finish 25th.
  • 50-Yard Freestyle: Clocked 22.69 for 30th place, narrowly missing a personal best.

The highlight of the meet came in the 100-Yard Freestyle. After a sensational 48.57-second swim in the preliminaries to secure her first qualifying standard, Daley went even faster in the Consolation Final.

Stopping the clock at a personal best 48.48 seconds, she finished 11th overall and cemented her place on the national stage.

“Daley’s stellar individual achievement signals a formidable end to a challenging season as she now looks ahead to the ultimate collegiate stage.”

With the “Lady Vols” firing on all cylinders, Daley’s return to peak form provides a massive boost for the Big Orange heading into the NCAA Championships.

OBA ‘not confident’ Gov’t budget will deliver

Shadow Finance Minister says the 2026/27 fiscal plan falls short of of Tax Reform Commission’s recommendations

The OBA’s Shadow Finance Minister is not confident that the Government can deliver on its Budget plans.

At the Chamber of Commerce Budget Breakfast, Dr Douglas De Couto said the fiscal plan falls short of some of the Tax Reform Commission’s recommendations.

He reiterates his belief that tax relief, built on the $270-million-dollar windfall from the Corporate Income Tax, should be more targeted.

Bermuda digs deep to secure gritty Davis Cup victory

Bermuda’s Junior Davis Cup stars have officially ignited their qualifying campaign in Guatemala City, digging deep to secure a hard-fought 2–1 victory over St Kitts & Nevis.

Following a testing start to the NAMCAM Pre-Qualifying Tournament, the trio of Jaden Jones, Michael Collins, and Hasan Khan found their rhythm on the red clay to put their first win on the board.

Jaden Jones set the tone in the opening singles rubber. In a dominant display against Brandon Brisbane, Jones utilized superior court coverage to wrap up a 6-2, 6-2 victory, handing Bermuda an early advantage.

The second singles match proved a more grueling affair. Michael Collins faced a stiff challenge from Omar Mongerie, dropping the first set 6-2 before mounting a spirited fightback to take the second 6-4. However, the momentum shifted once more in the decider, with Mongerie claiming the set 6-2 to level the tie.

With the result resting on the doubles, Jones and Collins reunited to face Gabriel Duggins and Mongerie. Any nerves were swiftly dispelled as the Bermudian duo produced their most clinical tennis of the week.

Demonstrating exceptional chemistry at the net, they blew their opponents away in a one-sided 6-0, 6-1 masterclass to wrap up the overall win.

“The result provides a massive psychological boost for veteran coach Brent Smith’s side as they look to climb the Group 1 standings.”

Having now adjusted to the high-altitude conditions and the demands of the clay, Bermuda will look to carry this winning momentum into their final group fixtures.

France tasks Versailles director with overhauling Louvre after heist

He will succeed Laurence des Cars, who resigned on Tuesday, government spokesperson Maud Bregeon said

International News via Reuters:

France on Wednesday appointed Christophe Leribault as the new head of the Louvre, bringing in the director of the Palace of Versailles to turn around the world’s most-visited museum after a humiliating jewellery heist and staff strikes. 

He will succeed Laurence des Cars, who resigned on Tuesday, government spokesperson Maud Bregeon said. Des Cars has faced intense criticism since burglars made off in October with jewels worth an estimated $102 million that are still missing, exposing glaring security gaps at the museum.

“Leribault’s priority will be to strengthen the safety and security of the building, the collections, and people, to restore a climate of trust, and to carry forward, together with all the teams, the necessary transformations for the museum,” the Culture Ministry said in a statement about President Emmanuel Macron’s pick for the job.

Leribault, 62, is an 18th‑century art historian who previously led Paris’ Musée d’Orsay and the Orangerie before taking over at Versailles in 2024. He will leave the Versailles job to take up the Louvre role.

He was deputy director of the Louvre’s department of graphic arts from 2006 to 2012, the ministry said.

SECURITY LAPSES HIGHLIGHT FUNDING NEEDS

As well as the heist, strikes over pay and work conditions have repeatedly shut the Louvre since mid‑December, while water leaks and a ticket‑fraud probe that prosecutors say siphoned more than 10 million euros over a decade have also cast a shadow over one of Paris’ top tourist attractions. 

A state auditors’ report last year urged management at the Louvre, home to Leonardo da Vinci’s Mona Lisa, to redirect spending from acquisitions to overdue security and infrastructure upgrades.

During Leribault’s first year at Versailles, which hosted the Olympics equestrian events, the institution secured nearly 8 million euros ($9 million) in philanthropic contributions, according to an annual government report.

The Louvre’s new chief told a parliamentary inquiry on museum security last Thursday that Versailles had “stepped up vigilance” under him, leaning on cutting-edge technology while flagging new risks from drone overflights and cybersecurity. 

Unions welcomed the appointment, citing Leribault’s willingness to work collaboratively with staff.

Alexis Fritche, general secretary of the CFDT-Culture union, told Reuters that the new director must listen to the museum’s 2,200 employees and secure funding for renovations and security improvements.

“Fundamentally, what was lacking with the previous leadership is that we didn’t know where we were going,” Fritche said. “We expect a lot from him.”

($1 = 0.8493 euros)

Reporting by Gianluca Lo Nostro and Elissa Darwish; Editing by Benoit Van Overstraeten, Gabriel Stargardter and Alison Williams

Pope Leo to tour four African countries in first major overseas trip of 2026

The pope will also make a one-day visit on March 28 to Monaco, the microstate on the French Riviera, and will visit Spain from June 6-12, the Vatican said

International News via Reuters:

Pope Leo will visit four countries across Africa from April 13-23, the Vatican announced on Wednesday, with the pontiff making his first major overseas trip in 2026 to the continent where the Catholic Church is growing fastest.

The pope will also make a one-day visit on March 28 to Monaco, the microstate on the French Riviera, and will visit Spain from June 6-12, the Vatican said.

In Africa, Leo will visit Algeria, Angola, Equatorial Guinea and Cameroon. He is expected to draw large crowds, urge world leaders to support development on the continent, and highlight efforts at Catholic-Muslim dialogue.

Leo, elected in May to succeed the late Pope Francis as head of the 1.4-billion-member Church, has made only one overseas trip so far, visiting Turkey and Lebanon in November and December on a visit originally organised for Francis.

Vatican officials and African Church leaders say the upcoming papal tour in Africa is a sign of the priority the Church places on the continent.

“Pope Leo’s visit will remind the world that Africa matters and the vibrancy of the Church in Africa remains at the heart of a thriving (global) Church,” said Reverend Agbonkhianmeghe Orobator, a Jesuit from Nigeria who led his order’s communities across Africa from 2017-23.

About 20% of the world’s 1.4 billion Catholics live on the continent, according to Vatican statistics.

Wednesday’s Vatican announcement did not give full programs for the pope’s upcoming trips, only naming the countries he will be visiting.

As part of the trip to Spain, Leo is expected to visit the Canary Islands, which has become a major point of entry for migrants trying to get to Europe.

Reporting by Joshua McElwee; Editing by Alvise Armellini and Alison Williams

Oil hovers near seven-month highs ahead of US-Iran talks

Brent futures were up 33 cents at $71.10 a barrel by 1127 GMT. WTI futures gained 22 cents to $65.85

International News via Reuters:

Oil prices held around seven-month highs on Wednesday as investors weighed up the threat to oil supply from potential military conflict between the U.S. and Iran.

Brent futures were up 33 cents at $71.10 a barrel by 1127 GMT. WTI futures gained 22 cents to $65.85.

Brent prices reached their highest since July 31 on Friday while WTI hit its highest since August 4 on Monday, as the U.S. positioned military forces in the Middle East to try to compel Iran to negotiate an end to its nuclear and ballistic missile programme.

An extended conflict could disrupt supplies from Iran, the third-biggest crude producer in the Organization of the Petroleum Exporting Countries, and other countries in the key Middle East producing region. 

Supporting oil prices, U.S. President Donald Trump briefly laid out his case for a possible attack on Iran in his State of the Union speech on Tuesday, saying he would not allow a country he described as the world’s biggest sponsor of terrorism to have a nuclear weapon. 

“The market is trying to get a sense of what’s happening between the U.S. and Iran,” said SEB commodities analyst Ole Hvalbye. “If we did not have any sort of escalation or harsh rhetoric between the U.S. and Iran, (Brent) oil prices would probably trade between $60 and $65 per barrel.”

U.S. envoys Steve Witkoff and Jared Kushner are due to meet an Iranian delegation for a third round of talks on Thursday in Geneva. 

Iranian Foreign Minister Abbas Araqchi said on Tuesday that a deal with the U.S. was “within reach, but only if diplomacy is given priority”. 

“Trump has warned that without a deal, there will be ‘very bad consequences’. Whether (Iran’s) concessions will meet the U.S.’s ‘zero enrichment’ red line remains to be seen,” IG market analyst Tony Sycamore said in a note.

Amid the heightened tensions, Iran has accelerated talks to purchase Chinese anti-ship cruise missiles, according to Reuters sources, which could target U.S. naval forces that have assembled near the Iranian coast.

While geopolitical tensions have supported prices, the market is also contending with concerns over large inventory gains as global supply exceeds demand. 

According to market sources, the American Petroleum Institute late on Tuesday reported a massive increase in U.S. oil stockpiles of 11.43 million barrels in the week ended February 20.

Official U.S. oil inventory reports from the Energy Information Administration are due later on Wednesday.

Reporting by Stephanie Kelly in London, Katya Golubkova in Tokyo and Jeslyn Lerh in SingaporeEditing by Mark Potter and David Goodman

Heathrow CEO says Istanbul to overtake London hub as Europe’s busiest airport

The London hub has two runways compared with Istanbul’s five and is operating near full capacity

International News via Reuters:

Istanbul will overtake Heathrow as Europe’s busiest hub this year or the next, the London airport’s chief executive said, bolstering its case to build a new runway after decades of political delays and reversals.

“I would definitely expect maybe that to happen this year, maybe next year,” Heathrow CEO Thomas Woldbye told Reuters on Wednesday.

The London hub has two runways compared with Istanbul’s five and is operating near full capacity.

SEEKING GROWTH

Heathrow, in the west of London, received approval last year from finance minister Rachel Reeves to build a new runway as part of plans to revive the stagnating economy.

The airport, owned by France’s Ardian, the Qatar Investment Authority, Saudi Arabia’s Public Investment Fund and others, said expansion would require a framework that incentivises investment.

“It’s not so different from what it is today,” Woldbye said of the sort of framework Heathrow shareholders were looking for to get them to fund the 33 billion pound ($44.6 billion) project, the price of which rises to 49 billion pounds if the cost of a new terminal and other improvements are included.

Heathrow is currently gearing up for the years-long planning process, with lawmakers expected to vote on the issue later this year.

Woldbye said he was confident the government was steadfast despite its reputation for u-turns, citing its need to grow the economy.

“This project is one of the single biggest projects to deliver just that,” he said.

Heathrow said it expected 85 million passengers this year, up from 84.5 million passengers last year with the growth coming from larger planes with more seats.

Flights from Heathrow’s new runway are targeted for 2035, with final planning consent required by 2029.

($1 = 0.7401 pounds)

Reporting by Sarah Young, Editing by Paul Sandle and Nivedita Bhattacharjee

Gov’t fast-tracks 200+ affordable homes

Housing Minister says precast and modular methods will “control cost and accelerate timelines” as priority sites deliver new units

The supply of affordable housing is expected to increase by more than 200 units over the next 18 months.

That’s according to Zane DeSilva, Deputy Premier and Minister of Housing and Municipalities, who today outlined how his ministry plans to use its latest budget allocation.

The ministry has been granted an $8.2 million dollar operating budget and says it is committed to delivering housing solutions that support Bermudians.

Outlining the blueprint, Minister DeSilva reiterated more than 30 publicly owned sites have been identified for development.

“Six priority sites have been selected, and three sites are confirmed for accelerated development,” he said.

“Together, these three sites will deliver more than 200 new homes within the next 18 months, primarily one-bedroom units, with a mix of affordable and attainable homes available for rent and/or sale.

“Construction will use precast concrete and or modular methods to control cost and accelerate timelines. Financing will come from local financial institutions, supported by a Government guarantee, with delivery overseen by the Bermuda Housing Corporation and the Bermuda Land Management Corporation.”

In the short term, nine modular units for Boaz Island are expected to arrive within five to six weeks. Meanwhile, the Bermuda Housing Corporation has four active projects underway, which are expected to deliver an additional 37 units.

Alisa Bernardo asked the Minister how he plans to deliver on today’s pledges within the proposed timeframe.

The Minister’s full remarks are provided below.

FTSE 100 hits new high as HSBC raises earnings target, AI fears ease

The blue-chip FTSE 100 index rose 1% to 10,787.30 points as of 1103 GMT after being largely unchanged over the past two sessions, while the domestically focused mid-cap FTSE 250 gained 0.4%

International News via Reuters:

Britain’s FTSE 100 touched a fresh peak on Wednesday after lender HSBC lifted a key earnings target, while easing concerns about the impact of artificial intelligence models on established businesses supported global sentiment.

The blue-chip FTSE 100 index rose 1% to 10,787.30 points as of 1103 GMT after being largely unchanged over the past two sessions, while the domestically focused mid-cap FTSE 250 gained 0.4%.

Global risk appetite improved after U.S.-based AI startup Anthropic partnered with several companies and launched new AI plug-ins, signalling that traditional businesses are adapting to AI advances rather than facing immediate disruption.

HSBC climbed 5.8% after the bank lifted its target for a key profitability metric after its annual profit beat expectations.

“The bank has slimmed down to focus on fewer regions, and to pay greater attention to wealthier individuals. This strategy appears to be working as it reported a strong performance from its wealth division,” said Russ Mould, investment director at AJ Bell.

Precious metal miners and industrial metal miners rallied as copper and gold prices climbed against a softer dollar. [GOL/] [MET/L] Miners have been among the top drivers of the FTSE 100 over the past year following an unprecedented rally in commodity prices.

Among other shares, spirits maker Diageo fell 6.1% after new CEO Dave Lewis cut the annual forecast and dividend, underscoring the scale of the turnaround ahead.

Hiscox rose 6.2% to the top of the blue-chip index after the insurer announced a $300 million share buyback plan and reported a 5.9% rise in annual insurance contract written premium.

Aston Martin fell 1.8% after the luxury carmaker said it will cut its workforce by up to 20%, as it strives to recover from the impact of U.S. import tariffs and weak demand in China.

Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Sahal Muhammed