Wednesday, November 11, 2026
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UK jobless rate climbs, adding to Bank of England rate cut bets

The unemployment rate edged up to 5.2% in the last three months of 2025, the highest since 2015 excluding the pandemic period when it peaked at 5.3%

International News via Reuters:

Britain’s jobless rate rose to its highest in over a decade outside the pandemic period and wage growth slowed again, data showed on Tuesday, bolstering investor bets on a UK interest rate cut next month.

The unemployment rate edged up to 5.2% in the last three months of 2025, the highest since 2015 excluding the pandemic period when it peaked at 5.3%.

It was higher than a rate of 5.1% in the three months to November, the Office for National Statistics said.

The jobless rate is calculated from a survey that the ONS is in the process of overhauling after response rates dipped too low during the pandemic. However, analysts say the quality of the data has improved in recent months.

Employers said the figures showed the impact on the jobs market from policy changes by Prime Minister Keir Starmer’s government including last year’s tax hike for employers.

Sterling fell by more than half a cent against the dollar before recovering some of those losses. Investors priced a roughly 80% chance of a quarter-point rate cut by the Bank of England in March, up from 65% on Monday.

“The latest UK jobs report keeps the Bank of England firmly on track for a March rate cut,” James Smith, an economist at bank ING, said.

WAGE GROWTH COOLS TO 4.2% IN FOURTH QUARTER

The BoE wants to be sure that inflationary heat from the jobs market is cooling and Tuesday’s data offered it some reassurance.

Annual wage growth, excluding bonuses, slowed to 4.2% in the last three months of 2025 compared with a year earlier, matching forecasts by most economists in a Reuters poll and down from 4.4% in the three months to November.

Private sector annual wage growth excluding bonuses – watched closely by the BoE – slowed to 3.4% in the three months to December, down from 3.6% in the three months to November.

Britain’s jobs market has weakened since finance minister Rachel Reeves increased a tax paid by employers last April.

Businesses are also worried about the latest increase in the minimum wage due to be effective from April and the cost of a reform to give more protections to workers.

A survey published on Monday showed more than one in three employers planned to cut hiring of permanent staff due to costs linked to the legislation.

“The business community has consistently highlighted the negative impact which these reforms will have on hiring, but the government has so far not shown that it is committed to addressing the majority of employers’ concerns,” Alex Hall-Chen, a policy advisor at the Institute of Directors, an employers group, said.

PAYROLL COSTS, GROWTH UNCERTAINTY DOG EMPLOYERS

Analysts pointed to a rise in youth unemployment, possibly a reflection of employers’ worries about the cost of hiring.

“Employers are navigating a difficult environment – higher payroll costs, fragile business confidence and persistent uncertainty around growth – and they’re responding by pulling back on junior hiring,” Jack Kennedy, senior economist at jobs website Indeed, said.

However, there were some indications in Tuesday’s data release that the labour market might be stabilising.

In December, payrolled employment fell by a revised 6,000, the smallest drop since August and far milder than the initial estimate of a 43,000 drop.

A provisional figure for January showed a fall of 11,000.

The ONS said vacant positions that employers were seeking to fill were little changed.

Writing by William SchombergEditing by Suban Abdulla, Susan Fenton and Bernadette Baum

Apartment building fire in Spain’s Catalonia kills 5 youths

According to Spanish news agency EFE, citing fire department sources, authorities believe all the deceased were young people, and some may have been underage

International News via Reuters:

Five people have died and four others suffered minor injuries in a fire at an apartment building in Spain’s northeastern Catalonia, regional firefighters said late on Monday.

According to Spanish news agency EFE, citing fire department sources, authorities believe all the deceased were young people, and some may have been underage.

The blaze broke out in a storage room of a five-story building in Manlleu, a town of 21,000 in the Osona area north of Barcelona, firefighters said in a statement.

For reasons still unknown, the victims were unable to escape the storage area, they added. The Mossos d’Esquadra – Catalan police – have opened an investigation into the cause of the fire.

The victims’ identification will be completed throughout Tuesday morning, as some of the bodies were charred.

Reporting by David Latona; Editing by Kim Coghill

Sterling slides as UK wage growth cools and jobless rate rises

Sterling was last down 0.55% against the dollar at $1.3555, its lowest since February 6, having traded at $1.3613 before the figures were released

International News via Reuters:

The pound dropped on Tuesday after data showed Britain’s unemployment rate rose to a five-year high in December while wage growth cooled, potentially adding to the case for further Bank of England rate cuts.

Sterling was last down 0.55% against the dollar at $1.3555, its lowest since February 6, having traded at $1.3613 before the figures were released.

The pound also fell against the euro, with the single currency up 0.34% at 87.27 pence.

Britain’s unemployment rate rose to 5.2% in the fourth quarter of 2025, up from 5.1% in the prior three months and the highest such reading since 2020. Excluding the COVID-19 pandemic, it was the highest jobless rate since 2015.

Wage growth, excluding bonuses, slowed to 4.2% year-on-year in the three months including December, down from 4.4% in November.

Regular private sector wage growth – which is closely watched by the BoE – slowed to 3.4% year-on-year, from 3.6%.

“This is yet another soft labour market report,” said Luke Bartholomew, deputy chief economist at investment company Aberdeen. “Crucially, from the perspective of the Bank of England and the outlook for inflation, this weakness is continuing to pull down on wage growth.”

He added: “For now it seems there is a clear case for a further rate cut at the Bank’s next meeting in March, and we continue to expect rates to fall to 3% later this year.”

Expectations of lower interest rates tend to weigh on a currency by making a country’s bonds look less attractive.

The Bank of England held interest rates at 3.75% earlier this month but more policymakers voted for a cut than analysts had expected, causing traders to increase their bets on further reductions this year.

Economists polled by Reuters expect the BoE to lower rates in March and to cut them once more this year.

Inflation data on Wednesday is expected to show headline price growth slowed to 3% year-on-year in January from 3.4% in December.

The BoE expects inflation to slide to around its 2% target in April, pulled down by factors including Britain’s regulated energy prices and policies in the November budget.

Despite Tuesday’s fall, the pound has risen around 0.6% this year against the dollar as the U.S. currency has suffered from the Trump administration’s unpredictable economic policies and as the British economy has performed slightly better than expected.

Reporting by Harry Robertson, editing by Alun John and Alex Richardson

Apply now for government scholarships

Twelve award categories available for students, teachers and mature learners

The Ministry of Education is pleased to announce the opening of applications for the 2026 Scholarships and Awards Programme. This comprehensive suite of scholarships reflects the Ministry’s continued commitment to expanding access to post-secondary education, promoting equity, and supporting Bermuda’s national workforce priorities.

Through these awards, the Ministry aims to ensure that Bermudian students—regardless of background, pathway, or stage of life—have the financial support necessary to pursue higher education locally and overseas.

The 2026 Ministry of Education Scholarships and Awards are:

1. The Minister’s Achievement Scholarship – For high-achieving graduating students from a Bermuda Public Senior School to attend overseas post-secondary education.

2. The Minister’s Exceptional Student Award – For graduating students or school leavers with disabilities pursuing local or overseas post-secondary study. Persons with disabilities up to the age of 25 who may be working, volunteering, or already attending college or university are also eligible to apply.

3. The Minister’s Technical and Vocational Award – For public school graduates pursuing local or overseas post-secondary study in technical or vocational fields.

4. The Minister’s Applied Science Scholarship – For graduating public senior school students who attended the Applied Technology Dual Enrolment Diploma Programme with Bermuda College and who plan to continue the programme to obtain an Associate’s Degree or certificate.

5. The Further Education Award – For students who have completed at least one year at an accredited college or university and are continuing their post-secondary studies. Awards will also be granted to students pursuing or currently attending post-graduate study.

6. The Non-Traditional Student Award – For persons aged 25 and over pursuing post-secondary education.

7. The Teacher Education Scholarship – For current college or university students studying selected subjects and/or teaching areas needed within the Bermuda Public School System. Applicants must graduate from a recognized college/university, complete their Teaching Practicum, and obtain a BEC Licence within three years of receiving the award.

8. Teacher Sabbatical Award – For current experienced teachers in the Bermuda Public School System interested in pursuing approved study to gain new skills or qualifications.

9. The Bermuda Government Scholarship – For well-rounded graduating senior school, college, or university students up to the age of 25 who demonstrate outstanding academic achievement.

10.    Caribbean Schools Award – Provides funding for up to three years for either undergraduate or post-graduate students attending schools in the Caribbean region. 

11. The College Promise Programme – Provides public high school graduates with a GPA of 2.5 or higher the opportunity to attend The Bermuda College tuition-free.

12. The Bermuda College Book Award – Provides funding for books for Bermuda College students demonstrating financial need.

The Honourable Minister of Education stated:

“The 2026 Scholarships and Awards Programme reflects our unwavering belief that education transforms lives. These awards are an investment in our people and in Bermuda’s future. We encourage all eligible students to take advantage of these opportunities and pursue their academic and professional goals with confidence.”

The Ministry encourages recent graduates, current college and university students, postgraduate students, and mature learners to review eligibility criteria and begin the application process as soon as possible to ensure they have plenty of time to collect all required documents and submit a thorough and complete application before the deadline.

For questions regarding the Ministry of Education Scholarships and Awards, please email  scholarships@moed.bm. To apply visit www.bermudascholarships.com

‘Get tested regularly’

Data released for Sexual and Reproductive Health Awareness Week reveals fewer chlamydia and HIV diagnoses while officials stress the importance of testing

The Ministry of Health is observing Sexual and Reproductive Health Awareness Week from February 14 to 20. This annual observance encourages the community to prioritise safer sexual practices, regular testing, and open, stigma-free conversations about sexual health. Sexual health is an important part of overall well-being, and the Ministry is using this week to share the latest data and highlight the continued importance of prevention and access to care.

Bermuda’s 2025 surveillance data show encouraging declines in several major sexually transmitted infections. Chlamydia remained the most commonly reported STI, with 240 confirmed cases, a decrease from 277 cases in 2024. Gonorrhoea cases fell from 41 in 2024 to 17 in 2025. Herpes (HSV) also declined, from 44 new cases to 24 new cases. Syphilis remained stable, with 5 confirmed cases in 2025 compared to 6 in 2024.

Most STIs in 2025 occurred among individuals aged 15 to 44 years. Chlamydia was most common among persons in this age group. Gonorrhoea and herpes followed similar patterns, with most cases among younger and middle-aged adults and a smaller number among persons aged 45 to 64. Syphilis was reported only among adults aged 25 years and older, including some individuals aged 65 and above. No STI cases were reported among children under 15 years of age.

Hepatitis B, which is also sexually transmissible, was monitored as part of the 2025 surveillance. Bermuda recorded 3 new Hepatitis B diagnoses in 2025, down from 5 in 2024. All three diagnoses occurred among adults aged 25 years and older.

In 2025, Bermuda recorded 3 new HIV diagnoses, down from 8 in 2024. All new diagnoses occurred among adults aged 25 years and older. No deaths among persons diagnosed with HIV were reported in 2025. An estimated 306 people are currently living with HIV in Bermuda.

All data are collected through Bermuda’s confidential public health surveillance systems. This data guides prevention strategies, education efforts, and access to testing and treatment. Privacy and confidentiality remain central to all aspects of sexual health reporting and care.

Minister of Health, Kim Wilson, JP, MP, stated: “We encourage residents to stay informed, get tested regularly, and speak openly with healthcare providers and partners. By working together, Bermuda can continue to reduce infections and support healthier futures for all.

“The latest STI and HIV data highlight how important education, regular testing, and accessible care continue to be. Sexual and Reproductive Health Awareness Week gives us an opportunity to encourage proactive, healthy choices. Many STIs have no symptoms, so knowing your status is one of the most effective ways to protect your health and the health of others.”

For more information on available services, please visit www.gov.bm/health-clinics-bermuda and www.gov.bm/health-information.

Temporary closure at Bermuda Aquarium, Museum & Zoo for crane work

Aquarium to shut Tuesday afternoon, February 17 and Wednesday, February 18 for North Rock Tank repairs

The Bermuda Aquarium, Museum & Zoo (BAMZ) will be temporarily closed to the public from 1 pm on Tuesday, February 17 (last entry at 12pm) and on Wednesday, February 18.

The facility is scheduled to re-open on Thursday, February 19, at 9:00 a.m. However, please check official communications regarding opening times, in case of delays outside of our control. 

The temporary closure is essential to ensuring the long-term structural integrity, water tightness, and safety of one of BAMZ’s most iconic exhibits.

This phase of the project has had a slight delay this month as the island has been experiencing challenging weather conditions, including high winds.

The crane operations require heavy lifting to take place directly over public spaces, making a full facility closure necessary for the safety of visitors, staff, volunteers and our animals.

As with all crane operations, the schedule is highly dependent on weather conditions, particularly wind speeds, and the dates may need to shift accordingly.

BAMZ thanks the public in advance for their patience and understanding should any further adjustments be required.

BAMZ would also like to thank Island Construction Ltd for their professionalism, precision and collaboration in supporting this complex operation, including their role in safely positioning equipment and assisting with animal relocations.

“This is one of those moments where a lot of unseen work makes everything visitors love possible,” said Dr. Ian Walker, Principal Curator of BAMZ.

“These lifts are a critical step toward ensuring the North Rock Tank continues to serve as a world-class exhibit for decades to come.”

Third Point buys stake in Spanish defence firm Indra, source says

A spokesperson for Indra declined to comment on Third Point’s purchase, which was first reported by Bloomberg

International News via Reuters:

U.S. hedge fund Third Point has bought a stake in Spanish defence company Indra and supports its chairman’s plan to acquire smaller rival Escribano Mechanical & Engineering, a market source familiar with the matter told Reuters on Monday.

A spokesperson for Indra declined to comment on Third Point’s purchase, which was first reported by Bloomberg. This cited a letter sent to Indra’s board and holding group Sepi, which manages Madrid’s 28% stake in the company. 

The size of the stake was not mentioned in the letter.

A spokesperson for Sepi also declined to comment.

The potential acquisition of Escribano Mechanical & Engineering, which is owned by Indra chairman Angel Escribano and his brother Javier, has caused tension among some Indra shareholders concerned about conflicts of interest. 

Third Point’s chief executive Dan Loeb wrote in his letter to Indra and Sepi that he strongly supported the plan to acquire EM&E, viewing it as a unique opportunity to create a Spanish defense champion, Bloomberg reported.

Reporting by Paolo Laudani and Victoria Waldersee, Editing by Alexander Smith

Spa offers ‘greener approach’ to beauty care

As Bermuda celebrates Spa Month, local businesses are showcasing wellness-focused services for both residents and visitors. 

Lacquered Beauty Lounge began as a mobile service and has grown into a studio built around eco-conscious, non-toxic beauty care. 
Inspired by clients with health sensitivities and special care needs, the lounge offers a greener approach to nail services, waxing, facials, makeup, and more. 
In support of Spa Month, the business is rolling out special offers. 
Kendal Trott spoke to founder and operator Astoria Smith.

Climate Challenge: A Decade After Paris Agreement

Data from some of the world’s leading scientific agencies shows global warming has sped up markedly since the mid‑2010s

International News via Reuters:

Ten years after the Paris Agreement took effect, newly released climate datasets show the world warming at an accelerating pace, with 2025 ranking among the three hottest years ever recorded, and ocean heat and sea levels crossing new thresholds.

U.S. President Donald Trump, a climate-change sceptic, has rolled back a series of environmental policies over the past year and has described climate change as a hoax – a stance which has helped lead to the environmental agenda being challenged across the globe.

Although countries agreed a deal to pledge more funding for poorer countries to adapt to extreme weather at the annual United Nations meeting in Brazil last year, they failed to agree on more explicit plans to phase out fossil fuels and strengthen emissions-cutting plans.

Data from some of the world’s leading scientific agencies shows global warming has sped up markedly since the mid‑2010s.

EMISSIONS: A WIDENING GAP

The World Meteorological Organization’s (WMO) Global Atmosphere Watch network shows concentrations of carbon dioxide, methane and nitrous oxide climbing to record highs, driving the temperature spike observed from 2023 to 2025, scientists say.

Global fossil fuel carbon dioxide emissions are projected to climb to a record 38.1 billion tonnes in 2025, driven by rising coal, oil and gas use despite rapid growth in renewable energy, according to the latest Global Carbon Budget report.

The report — produced by an international team of more than 130 scientists — estimates global fossil fuel CO₂ emissions will rise 1.1% next year, pushing atmospheric CO₂ concentrations to roughly 52% above pre‑industrial levels.

Researchers warn there is only room for about 170 billion more tonnes of CO₂ — equivalent to roughly four years of emissions at current rates – if the world wants to cap global warming at 1.5° Celsius above the pre-industrial average.

Emissions are projected to increase in China, India, the United States and the European Union, while falling in Japan, although China has made significant investments in renewable energy.

TEMPERATURES: A DECADE OF ACCELERATION

NASA’s Goddard Institute for Space Studies (GISS) said the Earth’s surface in 2025 was 1.19°C above the 1951–1980 average, effectively tying with 2023 as one of the warmest years ever measured.

The WMO’s consolidated dataset places 2025 at 1.44°C above pre‑industrial levels, ranking it among the top-three warmest years over the 176 years of recorded temperatures. [nasa.gov] [wmo.int] [berkeleyearth.org]

ARCTIC: RAPID COLLAPSE OF SEA ICE

The U.S. National Oceanic and Atmospheric Administration’s (NOAA) 2025 Arctic Report Card confirmed that October 2024–September 2025 was the warmest period since 1900, and the region continues to warm more than twice as fast as the global average.

Sea‑ice extent reached the lowest winter maximum ever recorded in March 2025, at about 14.47 million square kilometers, according to the U.S. National Ice Center.

OCEANS: HEAT AND RISING SEAS

The oceans absorbed record amounts of heat in 2025, setting a new global high for upper‑ocean heat content, according to NOAA and Berkeley Earth.

Sea levels, measured by tide gauges and satellites, continue to rise. The Intergovernmental Panel on Climate Change projects a 0.20–0.29 meter rise by 2050 relative to 1995–2014.

Reporting by Canan Sevgili, Vera Dvorakova, Lucie Barbier and Alessandro Parodi; Editing by Simon Jessop and David Holmes

Australians released from Syrian camp returned due to ‘technical’ issues

Hukmiya Mohamed, a co-director of Roj camp, told Reuters that the 34 Australians had been handed to members of their families who had come to Syria for the release

International News via Reuters:

Thirty-four Australians released earlier on Monday from a camp holding families of suspected Islamic State militants in northern Syria have returned to the detention centre due to “technical reasons,” two sources told Reuters.

Hukmiya Mohamed, a co-director of Roj camp, told Reuters that the 34 Australians had been handed to members of their families who had come to Syria for the release. They were put on small buses for Damascus ahead of their departure from the country with a military escort.

However, the Australian families returned to Roj camp shortly after leaving, the sources said, due to “technical problems” between the families and the Damascus government.

The sources said that the families will head back to Damascus later on Monday.

“It’s purely a procedural issue to be resolved today,” a Syrian official said.

Roj camp holds more than 2,000 people from 40 different nationalities, the majority of them women and children.

Thousands of people believed to be linked to Islamic State militants have been held at Roj and a second camp, al-Hol, since the jihadist group was driven from its final territorial foothold in Syria in 2019.

The Australian government said in a statement that it will not repatriate people from Syria.

“Our security agencies have been monitoring – and continue to monitor – the situation in Syria to ensure they are prepared for any Australians seeking to return to Australia.

“People in this cohort need to know that if they have committed a crime and if they return to Australia they will be met with the full force of the law.

“The safety of Australians and the protection of Australia’s national interests remain the overriding priority.”

Syrian government forces seized swathes of northern Syria from the Kurdish-led Syrian Democratic Forces in January, before agreeing a ceasefire on January 29. 

The U.S. military last week completed a mission to transfer 5,700 adult male Islamic State detainees from Syria to Iraq.

Mohamed said the Syrian Kurdish-led authorities had previously facilitated numerous releases from Roj, via coordination with foreign governments.

Roj camp is where British-born Shamima Begum is held. The British government took away her citizenship on national security grounds in 2019.

“Shamima Begum’s situation is the same as that of all the women in Roj camp … If her country wants her back, our doors are open,” Mohamed said.

Reporting by Orhan Qereman in Roj, Syria, Alasdair Pal in Sydney; Additional reporting by Feras Dalatey; Writing by Tom Perry and Feras Dalatey; Editing by Anil D’Silva and Sharon Singleton

US conducts first air transport of nuclear microreactor in bid to show technology’s viability

The agencies partnered with California-based Valar Atomics to fly one of the company’s Ward microreactors on a C-17 aircraft — without nuclear fuel — to Hill Air Force Base in Utah

International News via Reuters:

The U.S. Departments of Energy and Defense on Sunday for the first time transported a small nuclear reactor on a cargo plane from California to Utah to demonstrate the potential to quickly deploy nuclear power for military and civilian use.

The agencies partnered with California-based Valar Atomics to fly one of the company’s Ward microreactors on a C-17 aircraft — without nuclear fuel — to Hill Air Force Base in Utah. Energy Secretary Chris Wright and Under Secretary of Defense for Acquisition and Sustainment Michael Duffey were on the C-17 flight with the reactor and its components, and hailed the event as a breakthrough for U.S. nuclear energy and military logistics.

“This gets us closer to deploy nuclear power when and where it is needed to give our nation’s warfighters the tools to win in battle,” Duffey said.

President Donald Trump’s administration sees small nuclear reactors as one of several ways to expand U.S. energy production. Trump last May issued four executive orders aimed at boosting domestic nuclear deployment to meet growing demand for energy for national security and competitive AI advancements.

The Energy Department in December issued two grants to help accelerate development of small modular reactors. 

Proponents of microreactors also have touted them as energy sources that can be sent to far-flung and remote places, offering an alternative to diesel generators which require frequent deliveries of fuel. But skeptics have argued that the industry has not proven that small nuclear reactors can generate power for a reasonable price.

“There is no business case for microreactors, which — even if they work as designed — will produce electricity at a far higher cost than large nuclear reactors, not to mention renewables like wind or solar,” said Edwin Lyman, director of nuclear power safety at the Union of Concerned Scientists.

The Energy Department plans to have three microreactors reach “criticality” — when a nuclear reaction can sustain itself — by July 4, Wright said.

The microreactor in Sunday’s event, a little larger than a minivan, can generate up to 5 megawatts of electricity, enough to power 5,000 homes, according to Valar CEO Isaiah Taylor. It will start operating in July at 100 kilowatts and peak at 250 kilowatts this year before ramping up to full capacity, he said.

Valar hopes to start selling power on a test basis in 2027 and become fully commercial in 2028. Although private industry funds its own development of nuclear technology, it also needs the federal government “doing some enabling actions to allow fuel fabrication here and uranium enrichment here,” he said.

Fuel for Valar’s reactor will be transported from the Nevada National Security site to the San Rafael facility, Wright told reporters.

However, even small generators result in a significant amount of radioactive waste, Lyman said. Other experts have said designers are not compelled to consider waste at inception, beyond a plan for how it will be managed.

Although disposal of nuclear waste remains an unresolved issue, the Energy Department is in talks with a few states, including Utah, to host sites that could reprocess fuel or handle permanent disposal, Wright said. 

Reporting by Valerie Volcovici; Editing by Sergio Non and Lincoln Feast.