Thursday, November 5, 2026
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Basden sprints into record books at season opener

Bermuda’s Cameron Basden has made an immediate statement of intent, shattering school records as the collegiate track and field season burst into life in Tampa.

Representing Barry University at the Spartan Open, Basden proved that his off-season preparation has paid dividends. Competing in the Men’s 200-metres, the Bermudian international powered through the Florida heat to secure a seventh-place finish in a high-caliber field.

His time of 22.22 seconds was more than just a strong season debut; it officially became the fifth-fastest time in the history of the university’s program. The “Buccaneers” utilized the meet as a primary curtain-raiser for their spring campaign, with Basden’s historic turn providing the spark for the squad as they prepare for the rigors of the Sunshine State Conference.

For Basden, the result marks a significant leap in his collegiate development. With the first meet of the year already yielding a place in the history books, the focus now shifts to the coming weeks as he aims to climb even higher up the all-time list.

Bermuda’s bowlers target gold with appointment of world-class coach

Bermuda’s Men’s National Bowling team has made a significant statement of intent on the international stage, securing the services of the world-renowned expert Joe Slowinski as their new head coach.

Slowinski arrives with one of the most decorated resumes in the sport. As a USBC Gold Coach—the highest possible level of certification—he brings over 40 years of experience specializing in elite, data-driven, and biomechanical training. His career has spanned the globe, including highly successful stints in the Philippines and Malaysia, as well as a tenure as a master teaching professional at the prestigious Kegel Training Center in Florida.

Known for his scientific approach to the physical game, Slowinski has a proven track record of delivering silverware. He has coached national teams to gold medals at the Pan American, South American, and European Championships, and is widely regarded as a pioneer in modern coaching techniques such as the “Drop Your Drive Shoulder” (DYDS) method.

The partnership has already begun in the digital space, with the Bermudian squad meeting their new mentor via an online session. Slowinski has wasted no time in laying the framework for a revamped training program, focusing on the technical and mental disciplines required to compete at the highest level.

The primary objective for Slowinski and the team is the 2026 Central American and Caribbean Games, which will be hosted in Santo Domingo, Dominican Republic, this coming July. With the tournament serving as one of the major benchmarks for regional dominance, the appointment of such a high-caliber coach signals Bermuda’s ambition to be standing on the podium when the final pins drop in the Caribbean.

Mangrove Bay Post Office to reopen in May

Gov’t confirms renovation works remain on schedule, but the building must then be fitted for operational readiness

The Bermuda Post Office wishes to provide an update regarding the reopening of Mangrove Bay Post Office.

Previous communication advised that reopening was anticipated in late March 2026. That timeframe reflects the projected completion of the major renovation works.

As is standard for public facilities undergoing structural refurbishment, the completion of construction does not immediately allow for reopening. Once renovations conclude, the building must be fitted and configured for operational readiness. This includes installation of counters and equipment, system configuration, restocking of postal supplies, and the completion of all required safety and compliance checks.

Accordingly, Mangrove Bay Post Office is scheduled to reopen to the public in May 2026.

The completed works will provide a substantially improved environment for customers and staff, including enhanced airflow, a secure and level floor, refreshed interior finishes, and a safer, more welcoming space overall.

Minister Rabain stated, “I am happy to share that renovation works at the Mangrove Bay Post Office are expected to be completed this Spring and remain on schedule and on budget. The government is proud to continue its path in investing in critical infrastructure throughout the island. We remain committed to the timely delivery of this project and will continue to monitor its progress to ensure completion within budget, scope, and quality standards.”

During the continued closure of the Mangrove Bay Post Office, the following arrangements remain in place:

Mail addressed to Mangrove Bay post boxes will continue to be redirected to Southampton Post Office for customer collection.
Owing to space constraints at the Southampton Post Office, the Warwick Post Office will continue to temporarily manage parcel deliveries ordinarily processed at Mangrove Bay.

Regular mail delivery services to all district residents will continue without interruption.

The Bermuda Post Office appreciates the public’s patience and understanding as we finalise these improvements and prepare the facility to resume full service safely and efficiently.

Wet weather keeps UK shoppers at home, CBI survey says

The CBI’s monthly distributive trades survey showed the main sales volume balance sink to -43 in February from -17 in January, only just above December’s six-month low of -44

International News via Reuters:

British retail sales fell sharply in February, which stores partly blamed on unusually persistent wet weather that encouraged shoppers to spend online instead, the Confederation of British Industry said on Tuesday.

The CBI’s monthly distributive trades survey showed the main sales volume balance sink to -43 in February from -17 in January, only just above December’s six-month low of -44.

“Retail sales volumes fell at a sharp pace in the year to February, with some firms reporting that the wet weather discouraged shoppers from visiting stores,” CBI economist Martin Sartorius said.

Online sales grew at the fastest pace since April 2021, but not enough to boost the overall index.

Prospects for March are somewhat brighter, with expected sales volumes standing at -17, the least negative in six months.

The CBI’s quarterly retail business optimism gauge edged up only marginally to -34 this month from November’s -35 reading, which was the lowest since 2008 and reflected concerns ahead of finance minister Rachel Reeves’ November budget.

Next week Reeves will set out new growth forecasts and borrowing plans, although she has said she does not intend to announce significant changes in government policy.

“Firms will be looking for the Chancellor to set out how the government plans to mitigate the impact of rising employment costs in the distribution sector, particularly given its vital role in providing first jobs for young people,” Sartorius said.

Reporting by David Milliken, editing by Andy Bruce

Pink ferry service suspended again for repairs

Department of Marine and Ports Services cites mechanical issues, with service halted as of February 23

The Department of Marine and Ports Services advises that mechanical repairs are required on the ferry serving the Pink Route. Ferry service is suspended, effective this afternoon, 23 February, 2026.

Marine & Ports Services apologises to the public for this service interruption and will advise when service will resume.

Bermuda to advance membership talks at CARICOM meeting

Premier David Burt joins regional leaders in St. Kitts and Nevis this week

The Premier, the Hon. David Burt, JP, MP, is attending the 50th Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM), this week, which is scheduled to take place in St. Kitts and Nevis from February 24 – 27.

This milestone gathering will be the first held under the chairmanship of Dr. the Hon. Terrance Drew, Prime Minister of St. Kitts and Nevis.

During this visit, the Premier Burt will be accompanied by the Minister of Home Affairs, the Hon. Alexa Lightbourne, JP, MP, as Bermuda continues to deepen its engagement with regional partners.

The 50th Heads of Government Meeting is expected to address several priority areas for the region, including enhanced regional cooperation, security coordination, economic diversification, and the strengthening of intra‑regional trade. Bermuda’s ongoing process toward full CARICOM membership will also be a key topic of discussion.

Premier Burt underscored the importance of Bermuda’s participation at this week’s meeting, saying, “Bermuda’s relationship with CARICOM is rooted in shared values, shared challenges, and shared opportunities. This meeting provides an important platform to advance our interests, strengthen regional partnerships, and contribute meaningfully to the collective progress of the Caribbean community. I look forward to productive discussions under the leadership of Prime Minister Drew as we work together to build a more secure, resilient, and prosperous region.”

Bermuda currently holds Associate Member status within CARICOM and continues to work closely with CARICOM institutions and member states as part of its commitment to deeper regional collaboration.

The Premier and Minister Lightbourne will participate in a full agenda of meetings while in St. Kitts and Nevis, as well conduct a series bilateral engagements with Overseas Territories Leaders during the conference.

Prior to travelling to St. Kitts and Nevis, Premier Burt will also attend NEARCON 2026 in San Francisco, where he was invited to participate as a speaker and lead a session titled: “The ‘Bermuda Triangle’ Approach to Innovation and AI as the Next Regulatory Frontier.”

The session explores how Bermuda’s model of close collaboration between government, regulator, and industry has positioned the island as a leading jurisdiction for digital finance, and how that same approach can be applied to emerging regulatory frameworks for artificial intelligence in financial services.

While in San Francisco the Premier will also be meeting with executives from a number of Digital Asset and AI companies.

During this time, Deputy Premier the Hon. Zane DeSilva will be Acting Premier and Junior Minister of Finance, Hon. Wayne Furbert, JP, will be Acting Minister of Finance.

Premier Burt returns on Friday February 27, and will join MPs in the House of Assembly to close out the General Economic Debate.

UK housing provider Unite expects fall in postgraduate students to sap revenues

Visa changes as the government seeks to reduce immigration have further reduced demand from international students and British students have been opting to live at home rather than rent property to cut their costs

International News via Reuters:

The annual income of Britain’s largest student housing provider Unite Group could fall by up to 13% in 2026 as rising UK education costs deter international postgraduate enrolments, it said on Tuesday, sending its shares 8% lower.

Visa changes as the government seeks to reduce immigration have further reduced demand from international students and British students have been opting to live at home rather than rent property to cut their costs.

“We’ve seen the overall cost of education increasing in the UK relative to some competing markets, particularly within Asia, and so that has led to a reduction in the numbers of international postgraduates,” CEO Joe Lister told Reuters. 

The 8% share price fall by 0933 GMT put Unite on track for its worst day since October, if losses hold.

EMPIRIC ACQUISITION CONCLUDED IN JANUARY

Unite expects adjusted earnings per share of 41.5-43.0 pence in 2026, down between 9.5% and 12.6% from 2025 levels, reflecting lower income from its Empiric business, which it acquired in January and is focused on postgraduate housing.

In November, it had expected a 7-10% reduction in 2026 adjusted earnings per share.

It reported occupancy of 95.2% for the 2025/26 academic year, down from 97.5% in the previous year.

Universities are seeking to boost recruitment for three-year undergraduate courses to offset the reduced number of international postgraduates, which could help Unite’s revenues.

Analysts, however, anticipated recovery would be hard.

“We believe the weaker operational market will make it tough for the group to bounce back to trend growth from AY27/28, as previously communicated,” Barclays analysts said in a note.

Unite has sold non-core assets to streamline operations. The company on Tuesday announced the sale of a property in London for 186 million pounds ($250.91 million).

($1 = 0.7413 pounds)

Reporting by Raechel Thankam Job and Simone Lobo in Bengaluru; Editing by Mrigank Dhaniwala and Barbara Lewis

FTSE 100 dips amid tariff uncertainty and AI disruption concerns

The blue-chip index was down 0.1% at 1140 GMT, while the domestically focused mid-cap FTSE 250 was up 0.07%

International News via Reuters:

The UK’s FTSE 100 dipped on Tuesday, echoing a downbeat sentiment across global markets as investors grappled with tariff-related trade uncertainties as well as worries about potential disruption from artificial intelligence.

The blue-chip index was down 0.1% at 1140 GMT, while the domestically focused mid-cap FTSE 250 was up 0.07%.

President Donald Trump imposed a new tariff from Tuesday of 10% on all imported goods not covered by exemptions, rather than the 15% he promised earlier, after his levies were struck down by the Supreme Court.

The British government had negotiated a reciprocal tariff rate at 10% after reaching a deal with the U.S. last year.

Global stocks also came under pressure with sectors considered as vulnerable to disruption from AI, such as software and private equity, slumping overnight on Wall Street after a report from Citrini Research laid out the possible risks to the global economy from the fast-evolving technology.

British technology stocks fell 1%, with information group RELX and exchange operator London Stock Exchange Group down 1.3% and 0.4%, respectively. 

Computer hardware firm Raspberry Pi, which traders in the past have seen as a beneficiary of low-cost AI projects, jumped 11.7%.

Meanwhile, banks slipped 1.2%, with Lion Finance and Barclays dropping 1.5% each, while Lloyds fell 1.9%.

Standard Chartered dipped 2% even as the bank reported a rise in full-year pretax profit, announced a $1.5 billion share buyback and a full-year dividend that was up 65% from a year earlier.

On the earnings front, Convatec climbed 10% to the top of the benchmark index after the medical equipment maker raised its medium-term organic revenue growth target, citing a strengthening product pipeline.

Croda rose 3.4% after the specialty chemicals maker forecast ambitious profit margins for 2028, as it continues to streamline its operations following last year’s subdued demand in some regions linked to U.S. tariffs.

Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Vijay Kishore

EU countries give final approval to weaken company sustainability laws

The changes, approved by European Union ministers at a meeting in Brussels, weaken the rules for most businesses currently covered

International News via Reuters:

EU countries on Tuesday gave their final approval to scale back rules that require companies to address environmental and human rights risks in their supply chains, after months of pressure from businesses and governments including the U.S and Qatar.

The changes, approved by European Union ministers at a meeting in Brussels, weaken the rules for most businesses currently covered. EU governments and the European Parliament negotiated the amendments last year.

They follow criticism from some industries that EU red tape and strict regulation hindered competitiveness with foreign rivals. But the weaker laws have dismayed environmental campaigners and some investors who said it would become harder to identify genuinely sustainable companies.

Under the changes, the EU will limit its corporate sustainability due diligence directive (CSDDD) to only the largest EU corporations – those with more than 5,000 employees and 1.5 billion euro ($1.8 billion) annual turnover.

The same rules will cover foreign companies whose EU turnover exceeds that amount. They could face fines of up to 3% of net global turnover for breaching the rules.

“We are reducing unnecessary and disproportionate burdens on our businesses, with simpler, more targeted and more proportionate rules,” said Marilena Raouna, Cyprus’s deputy EU affairs minister, who chaired Tuesday’s meeting.

The U.S. and Qatar had demanded the EU scale back CSDDD, warning that it risked disrupting their gas supplies to Europe. U.S. oil and gas major ExxonMobil has criticised the changes as not going far enough.

The EU also delayed the deadline to comply with CSDDD to mid-2029 – versus mid-2027 previously for larger companies – and dropped a requirement for companies to adopt climate change transition plans.

The changes also cover the EU’s corporate sustainability reporting directive, which requires companies to disclose their environmental and social impact to make this more transparent to investors and consumers. 

The EU agreed that such reporting will cover only companies with more than 1,000 employees and 450 million euro annual net turnover – plus non-EU firms with this turnover inside the bloc – versus companies with more than 250 employees now.

The changes will pass into law in the coming weeks.

($1 = 0.8488 euros)

Reporting by Kate Abnett. Editing by Mark Potter

IKEA to host Decathlon in UK store as it opens space to other retailers

Ingka is testing whether renting space to other brands can increase visits and monetise its existing square metres as it revamps giant stores for a value-driven shopper

International News via Reuters:

The owner of most IKEA outlets worldwide said on Tuesday sports retailer Decathlon will open a store in one of its British locations as the budget furniture giant rolls out trials of bringing third parties under its roof to attract more shoppers.

Ingka is testing whether renting space to other brands can increase visits and monetise its existing square metres as it revamps giant stores for a value-driven shopper.

“We believe complementary offers can encourage more people to visit our stores and engage with the products in new ways,” Javier Quinones, Ingka Group’s commercial manager, told Reuters. 

FORMAT REVAMP

Traditionally known for its giant out-of-town “blue-box” stores, IKEA has over the past decade revamped its store formats, developing smaller inner-city stores and showrooms while investing in digital services to adapt to new shopping habits. 

It has also cut prices across a range of products over the past years in an attempt to bring back cash-strapped consumers. 

Ingka Group, the main IKEA franchisee with stores in 32 countries, last year reported its lowest annual sales since 2021.

Footfall was up 1.3% globally last year, however, growth which Quinones said IKEA wants to accelerate. 

A 1,188 square metre Decathlon store will open during the spring inside IKEA’s 25,000 square metre store in Croydon, south London, IKEA said in a statement.

IKEA will rent out the space, with its own entrance, to privately owned Decathlon, which is known for big-box stores that sell equipment from tents and bicycles to running shoes.

That will be the first time a major international brand is brought into an IKEA blue-box store, though smaller Nordic electronics retailer Kjell & Company opened in two Swedish IKEA stores during the autumn.

‘AFFORDABILITY AND QUALITY’

IKEA said it was also revamping its Klagenfurt location in Austria, where home and garden specialist Thomas Philipps will open a store.  

“For this pilot, we have… selected tenants with broad appeal and a strong commitment to affordability and quality,” said Quinones. 

He added IKEA was exploring similar opportunities in some additional countries in Europe and North America. 

Ingka is investing more than 5 billion euros ($5.90 billion) during the 2024-2026 period to open new locations and improve existing stores. 

($1 = 0.8472 euros)

Reporting by Greta Rosen Fondahn; Editing by Jan Harvey

Australian PM Albanese briefly evacuated from residence after security threat

Police said they had responded to an “alleged security incident”, without giving more details on the nature of the incident

International News via Reuters:

Australian Prime Minister Anthony Albanese was evacuated from his residence in Canberra late on Tuesday following a security threat, and returned a few hours later after nothing suspicious was found, ABC News reported.

Police said they had responded to an “alleged security incident”, without giving more details on the nature of the incident.

“A thorough search of a protection establishment was undertaken and nothing suspicious was located. There is no current threat to the community or public safety,” an Australian Federal Police spokesperson said in a statement.

Reporting by Praveen Menon; Editing by Andrew Heavens

After killing of top drug lord, cartels use fake news to spread fear in Mexico

Unrest did indeed break out in many parts of Mexico as loyalists to El Mencho, the leader of the Jalisco New Generation Cartel, set up roadblocks, torched buses and stores, and attacked gas stations in retaliation for his slaying

International News via Reuters:

After Mexican forces killed the country’s most wanted cartel leader on Sunday, false accounts of spectacular violence swept across social media, fueled by what researchers say was a coordinated propaganda campaign by organized crime.

Unrest did indeed break out in many parts of Mexico as loyalists to El Mencho, the leader of the Jalisco New Generation Cartel, set up roadblocks, torched buses and stores, and attacked gas stations in retaliation for his slaying.

But online, things looked even worse. Among the false reports: The Guadalajara airport taken over by assassins. A plane on the runway was on fire. Smoke was billowing from a church and multiple buildings in the city of Puerto Vallarta, popular with tourists.

These images, which were reviewed by Reuters, were false but shared tens of thousands of times.

Misinformation routinely proliferates after major news events, particularly since the advent of artificial intelligence.

Experts said that, in the case of El Mencho’s killing, the fake news was being spread at surprising speed not only by unsuspecting users but also in some cases by the cartel itself, in efforts to make its retaliatory wave of violence appear greater and more terrifying than it really was.

“They are trying to show that the Mexican government doesn’t have control over the country,” said Jane Esberg, assistant professor at the University of Pennsylvania, who has studied how Mexican criminal groups use social media.

She added that this strategy helped to create a narrative that the cartel had a presence all over the country, but made it hard to establish the scale of the violence and what security forces were facing.

When asked by a reporter about cartel-linked social media accounts pushing fake news, Mexican Security Secretary Omar Garcia Harfuch said on Monday that authorities had already identified “various accounts” and that they would do a deeper investigation to determine which have “direct relationships with an organized crime group.”

He added there were other accounts “dedicated to spreading lies” but don’t have any established criminal links.

Mexican President Claudia Sheinbaum said authorities were working quickly to refute misinformation and that there were “many, many fake news stories” circulating in the wake of the El Mencho killing.

NARCO INFLUENCERS AND SHAPING PUBLIC OPINION

Mexican cartels have long used social media for propaganda efforts, from slandering rivals to publicizing crime groups’ community efforts, such as distributing aid during the coronavirus pandemic.

The false material traditionally used by Mexico’s criminal groups has been lower-tech: recycled cartel videos from previous years, for example, or violent images from far-flung conflicts on other continents, researchers said.

But the emergence of AI-generated content has now enabled cartels to produce more creative fake news propaganda.

Meanwhile, the rise of narco influencers – social media personalities who built large followings and leverage their platforms to glorify and even promote organized crime – has opened up another avenue for propaganda in recent years.

Such misinformation campaigns can be particularly damaging in Mexico, where violence makes it difficult for journalists to access parts of the country to report on the ground and sort out fact from fiction, Esberg said.

But she and other experts also cautioned that it’s often difficult to determine with certainty which accounts or blogs are tied to the cartels and spreading fake news.

Pablo Calderon, an associate professor in politics and international relations at Northeastern University London, said cartels use social media to amplify their image and power and to shape public opinion, including through misinformation.

“Sunday was a good day for Mexican security forces,” he said. “But organized crime has been successful in shifting the narrative, away from the (military raid) to chaos.”

Reporting by Laura Gottesdiener in Monterrey and Stefanie Eschenbacher in Mexico City; Editing by Michael Perry