Wednesday, November 11, 2026
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Dollar flat after inflation data, yen set for strong weekly gain

The euro was 0.07% lower at $1.1863 against the dollar, but was set to gain 0.4% this week

International News via Reuters:

The U.S. dollar was mostly flat against peer currencies on Friday after data showed a less-than-expected increase in inflation in January, suggesting the Federal Reserve could continue to hold rates steady in the near term.

The Japanese yen was set for its strongest weekly gain in a year.

U.S. Labor Department data on Friday showed that the consumer price index rose 0.2% last month compared with an estimate of 0.3% from economists polled by Reuters.

The euro was 0.07% lower at $1.1863 against the dollar, but was set to gain 0.4% this week. Against the Swiss franc, the dollar  weakened 0.13% to 0.7684 and was on course for a weekly loss of 0.95%.

The dollar’s behavior reflects market positioning as it awaits fresh central bank signals on the direction of interest rates, said Olivier Bellemare, senior derivatives trader at Monex Canada in Montreal.

MARKET REACTION IS ‘TIMID’ 

Earlier this week, data suggested the U.S. labor market was stabilizing with a drop in the U.S. unemployment rate amid strong jobs growth in January and a less-than-expected decrease in the number of Americans filing new applications for unemployment.

“The market reaction to the data was timid at best and the moves were mostly tactical,” Bellemare said.

The dollar index edged higher by 0.02% to 96.95, on track to shed 0.73% for the week.

The yen has dominated activity in the foreign exchange market this week, after Japanese Prime Minister Sanae Takaichi’s historic election win allayed some investor worries about the government’s finances.

YEN’S STRONGEST PERFORMANCE IN A YEAR

The yen was still headed for a gain of 2.64% for the week, its largest rise since February last year, although it was down 0.15% on the day at 153.08. 

The yen was down 0.14% against the euro but still was headed for a 2.27% weekly jump against the single currency, its strongest performance in a year. 

“Over the longer term, yen‑weakening risks remain firmly in place,” said Bank of America Global Research analysts led by Claudio Piron in an investor note. “But in the near term, the combination of potential intervention and scope for the market to further price-in Bank of Japan hikes at the March and April meetings skews the risk‑reward for USD/JPY to the downside.”

The Australian dollar, the top-performing major currency of 2026 so far after soaring in recent weeks on a hawkish Reserve Bank of Australia, was down 0.47% at $0.705, but still headed for a 0.66% gain this week.

The Canadian dollar strengthened 0.01% versus the greenback to C$1.361 per dollar, still set to drop 0.45% for the week.

Reporting by Chibuike Oguh in New York; Additional reporting by Amanda Cooper; Editing by Barbara Lewis and David Holmes

FTSE 100 marks third-straight week of gains, shaking off global woes

The blue‑chip FTSE 100 rose 0.4%, hovering below record highs touched on Thursday

International News via Reuters:

Britain’s FTSE 100 locked in a third straight week of gains on Friday, as corporate takeovers and expectations of monetary policy easing helped counter global concerns about AI’s disruptive potential on a swathe of industries.

The blue‑chip FTSE 100 rose 0.4%, hovering below record highs touched on Thursday. The FTSE 250 mid‑cap index gained 0.5%, securing its first weekly rise after two consecutive weeks of losses.

A burst of new AI tool releases since late January has fuelled volatility in global markets, as investors weighed the threat newer models pose to traditional businesses.

INVESTORS CHEER M&A DEALS

London-listed credit analytics firm Experian, exchange operator London Stock Exchange Group, information group RELX, which were among the worst-hit stocks in the global selloff, rebounded on Friday.

Investors have cheered major M&A deals this week, including a U.S. buyout of fund manager Schroders and NatWest Group’s plans to buy wealth manager Evelyn Partners.

The week also saw data that showed Britain’s economy grew just 0.1% in the fourth quarter, matching the previous quarter’s pace and partly reflecting uncertainty in the run-up to finance minister Rachel Reeves’ November budget.

Investors are pricing in a 63.4% chance that the Bank of England will lower borrowing costs by 25 basis points when it meets in March.

BoE Chief Economist Huw Pill, however, warned underlying inflation was still running near 2.5% and said rates must remain restrictive until disinflation is firmly secured.

Among other stock movers, NatWest reported a 24% jump in annual profit, just ahead of forecasts, and set more ambitious performance targets as it steps up investment in Britain’s costly but potentially lucrative wealth management market.

However, the bank’s shares fell 2.5% following a strong run last year.

Defence stocks got a lift, adding 3.1% after a report that Prime Minister Keir Starmer plans to push a multinational defence initiative at the Munich Security Conference this weekend. 

Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Shailesh Kuber and Alex Richardson

Premier salutes Labour Party win in Barbados

The Premier, the Hon. David Burt, JP, MP, has extended congratulations to the Prime Minister of Barbados, the Hon. Mia Mottley, SC, MP, following the Barbados Labour Party’s decisive victory in the recent general election.

In the election, Prime Minister Mottley and the Barbados Labour Party secured a historic third consecutive clean sweep, winning all seats in the Barbados House of Assembly. Premier Burt has also formally written to Prime Minister Mottley to convey his congratulations on behalf of Bermuda.

Premier Burt said, “On behalf of the Government of Bermuda, I congratulate the Prime Minister, the Hon. Mia Mottley and the Barbados Labour Party on their historic election victory last night in which they secured a third straight clean sweep, winning all seats in the Barbados House of Assembly.

“Bermuda values our ties with Barbados and CARICOM, and looks forward to building on Prime Minister Mottley’s work to deepen Africa-Caribbean trade and cooperation.”

The Premier noted Prime Minister Mottley’s continued leadership within CARICOM and her advocacy on issues of regional integration, economic development, and global cooperation, all of which align with Bermuda’s interests and shared regional priorities.

The Government of Bermuda looks forward to continued collaboration with the Government of Barbados under Prime Minister Mottley’s leadership.

Spine & Sport claim vital win in high-stakes rink battle

The spotlight turned to the foot of the table in the latest round of the Bermuda Ball Hockey league, as Spine & Sport delivered a clinical performance to overcome BDA Spirits in a 4–2 victory. In what was the sole fixture of the evening at the PCC Hockey Rink, the result marked a significant turnaround for the seventh-place side.

Spine & Sport asserted their authority from the opening whistle, with Johnny Talbot emerging as the standout figure. Finding the net in the first period, Talbot gave his side a narrow lead heading into the initial interval.

The second period saw Spine & Sport pull away in decisive fashion. Talbot grabbed his second of the night before teammates Ryan Bates and Cole Haggett added further strikes to silence the Spirits’ bench. The three-goal surge in the middle frame left BDA Spirits with a mountain to climb as they struggled to breach a resolute defensive unit.

Refusing to concede without a fight, BDA Spirits mounted a spirited comeback in the final period. Ryan Marshall emerged as the primary threat for the chasing side, striking twice in quick succession to reduce the deficit and inject late tension into the proceedings.

Despite the late surge in pressure, Spine & Sport held firm during the closing minutes to secure the points and move within striking distance of their rivals in the standings.

Denkins: ‘Proud but disappointed’ as Bermuda exit World Cup Qualifiers

Bermuda Head Coach Aaron Denkins has praised the professionalism of his Under-17 squad despite a frustrating exit from the CONCACAF Men’s World Cup Qualifiers in Honduras.

Bermuda’s campaign came to a somber end in San Pedro Sula following two gritty performances that ultimately lacked a clinical edge in the final third. Bermuda finished their Group H schedule without finding the net, conceding just three goals across 180 minutes of football against Guyana and the host nation.

Following the tournament’s conclusion, Denkins admitted to a mixture of pride and disappointment after seeing his side fall short of their qualification goals.

“I am proud but disappointed also,” Denkins said. “The team gave all they had in both matches. The players were really good and professional all week. The defense worked hard to stay in matches, the only challenge was rewarding ourselves by scoring.”

Bermuda’s defensive resilience was a hallmark of their play. After a narrow 1–0 defeat to Guyana in their opener—a match where they dominated 63% of the ball and outshot their opponents 20 to 9—the team stood firm against Honduras. However, a floodlight-delayed encounter eventually saw the hosts pull away for a 2–0 victory, officially ending Bermuda’s run.

Despite the tactical discipline shown throughout the week, Denkins was candid about the harsh realities of competing at the highest level of regional youth football.

“Ultimately, in international football goals win games and lack of goals get you sent home,” he noted. He highlighted this as a crucial area for development as these players transition into the Under-19 and senior ranks.

While the results mark a disappointing end to the qualifying journey, the emergence of talents like Na’im Zuill and Z’Ani Jennings provides a foundation for the Bermuda Football Association to build upon in the next cycle.

Warwick Academy swimmers to make a splash in Pennsylvania

The Warwick Academy High Performance Swim Team has arrived in Lancaster, Pennsylvania, this week to face its toughest test of the season at the Easterns Interscholastic Swimming & Diving Championships.

Held at the Kunkel Aquatic Center at Franklin Marshall University on February 13th and 14th, the meet is regarded as one of the premier high-school level competitions in the United States, drawing the finest scholastic talent from across the East Coast.

Representing Bermuda, Warwick Academy has fielded a strong 13-swimmer roster, set to compete in 25 individual events and six relays. The squad is led by captains Jorgia White and Logan Jones, with the team looking to build on a consistent record of international success.

Warwick Academy Roster: Easterns 2026

  • Captains: Jorgia White (17), Logan Jones (16)
  • Squad: Elanna Fulton, Elena Bortoli, Sofia Leclerc, Allison Steynor, Axel Wernbo, Jamie MacFarlane, Zachary Johnson, Noah Fulton, Cameron Duda, Jacob Leclerc, and Ethan Smith

For Head Coach Ben Smith, the trip is about more than just fast times; it is a platform for Bermudian athletes to showcase their development to university scouts.

“Easterns is a meet that demands resilience, focus, and belief,” said Smith. “Our swimmers have been working intensely throughout this season, and this is an opportunity for them to challenge some of the best scholastic swimmers in the United States. Warwick Academy is proud to represent Bermuda on this stage and our athletes are ready.”

The programme, managed by Shirene Fulton and Sommer Smith, continues to be a cornerstone of elite athletic development on the island, blending academic rigour with high-performance coaching. Following a top-30 finish at last year’s event, the 2026 contingent will be eager to prove that Bermuda remains a formidable force in the water.

Nia Christopher and Fort Lauderdale United FC part ways

Fort Lauderdale United FC have announced that the club and Bermudian forward Nia Christopher have mutually agreed to part ways. The move marks the departure of one of the few remaining “Originals” from the club’s founding campaign.

The 24-year-old was one of just five players to span both the inaugural 2024-25 roster and the current Gainbridge Super League squad. Her exit follows a period of significant roster evolution under head coach Ali Rogers, as the Florida-based side pushes for a playoff spot in the second half of the season.

Christopher joined Fort Lauderdale in May 2024 following a stellar collegiate career at Towson University, where she finished as the program’s second all-time leading goal scorer.

In South Florida, she quickly established herself as a reliable rotational option, making 13 appearances during the inaugural season. Highlights of her tenure included earning her first professional start against Carolina Ascent FC in September 2024 and recording a pivotal assist in a 3-1 victory over Lexington SC just weeks later.

Despite her professional conduct, Christopher was frequently an unused substitute in recent months as the team looked toward different attacking options. In a statement, the club expressed its sincere gratitude for her time in South Florida.

“Fort Lauderdale United FC thanks Nia for her contributions and professionalism during her time with the club and wishes her the best in her future career.”

With the Super League season entering its final stretch, the Bermudian international will now look for a fresh challenge as she continues to develop her career on the professional stage.

BELCO aims to source equipment to reduce number of pole fires

BELCO heads said there were 10 pole fires sparked across the island caused by salt deposits mixing with rain water on overhead cables

Recent stormy weather sparked 10 utility pole fires across the island, with seven poles needing replacement .


BELCO said the fires were reported at Wingwood Way, Fractious Street, Patience Avenue, Ord Road, Texas Road and others.


They said repairing pole fires is a lengthy and complex task, requiring several crews to be on site.


At the height of last weekend’s storms, around 6,300 customers were without power – but a majority were restored by Tuesday.


Dr. Jeffrey Steynor, BELCO’s Director of Energy Transition and Business Development told us the utility is looking into sourcing more resistant equipment to prevent heavy salt deposits forming on overhead lines.

Managing Director of TD& R at BELCO, Shelly Leman said, “Our crews tended to several reports of sparking lines as well as several pole fires which caused resources to be diverted to these emergencies.

“I would like to say a big thank you to our teams once again for braving the elements to restore service to the island and to our customers for their patience throughout the restoration process.”

SpaceX launches 12th long-duration crew to International Space Station

The two-stage Falcon 9 rocket, topped with an autonomously operated Crew Dragon capsule dubbed Freedom, was launched from the Cape Canaveral Space Force Station, along Florida’s Atlantic Coast

International News via Reuters:

A SpaceX rocket lifted off from Florida early on Friday with a crew of two U.S. NASA astronauts, a French astronaut and a Russian cosmonaut headed to the International Space Station for an eight-month science mission in Earth orbit.

The two-stage Falcon 9 rocket, topped with an autonomously operated Crew Dragon capsule dubbed Freedom, was launched from the Cape Canaveral Space Force Station, along Florida’s Atlantic Coast, at about 5:15 a.m. EST (1015 GMT).

A live NASA-SpaceX webcast showed the 25-story-tall vehicle rising from the launch tower as its nine Merlin engines roared to life, gulping 700,000 gallons of fuel per second, emitting clouds of vapor and a reddish fireball that lit up the predawn sky.

The four crew were set to reach the space station on Saturday afternoon after a 34-hour flight, docking with the orbiting laboratory platform some 250 miles (420 km) above Earth.

The mission, designated Crew-12, marks the 12th long-duration ISS team that NASA has flown aboard a SpaceX launch vehicle since the private rocket venture founded in 2002 by billionaire Elon Musk began sending U.S. astronauts to orbit in May 2020.

Crew-12 was led by Jessica Meir, 48, a veteran astronaut and marine biologist on her second trip to the space station, nearly seven years after making history with NASA colleague Christina Koch by completing history’s first all-female spacewalk.

Joining her was Jack Hathaway, 43, a former U.S. Navy fighter pilot and rookie astronaut; European Space Agency astronaut Sophie Adenot, 43, a master helicopter pilot from France; and Russian cosmonaut Andrey Fedyaev, a former military pilot on his second mission to the ISS.

Upon arrival, the team will get busy with a host of scientific, medical and technical research tasks in microgravity, according to NASA.

Those include studies of pneumonia-causing bacteria to improve treatments on Earth, and experiments with plant and nitrogen-fixing microbe interactions to boost food production in space.

Crew-12 will be welcomed aboard the space station by three current ISS occupants – NASA astronaut Chris Williams and Roscosmos cosmonauts Sergey Kud-Sverchkov and Sergei Mikaev.

Four Crew-11 members who were supposed to have stayed aboard until the arrival of Crew-12 departed a few weeks early, when an undisclosed serious health condition affecting one forced an unprecedented medical evacuation flight home in mid-January.

The ISS, which spans the length of a football field and ranks as the largest human-made object in space, has been continuously operated by a U.S.-Russian-led consortium that includes Canada, Japan and 11 European countries.

The first hardware for the outpost was launched more than a quarter century ago. It was conceived as part of a multinational venture to improve ties between Washington and Moscow following the Soviet Union’s collapse and the end of Cold War rivalries that spurred the original U.S.-Soviet space race in the 1950s and 1960s.

NASA has said it is committed to keeping the space station operating until the end of 2030.

Reporting by xxxxx in Cape Canaveral, Florida; Writing and additional reporting by Steve Gorman in Los Angeles; Editing by Clarence Fernandez

EU trade keeps taking hits from US tariffs and Chinese competition, data show

Leaders met yet again on Thursday to brainstorm about ways to survive aggressive economic rivalry from the U.S. and China

International News via Reuters:

The EU’s trade surplus kept shrinking, data showed on Friday, as tariffs weighed on exports to the U.S. and rising Chinese imports crowded out domestic production, highlighting existential threats to the bloc’s economic model.

Shifting trade and political relations with the world’s biggest powers have been squeezing Europe for years, and leaders met yet again on Thursday to brainstorm about ways to survive aggressive economic rivalry from the U.S. and China.

The European Union’s trade surplus fell to 12.9 billion euros in December from 13.9 billion a year earlier as machinery and vehicle sales, the engine of export growth for years, kept falling, and chemicals sales were also down.

Exports to the U.S., the bloc’s biggest export market, fell by 12.6% from a year earlier, pushing down the surplus by a third to 9.3 billion euros, while the bloc’s trade deficit with China rose to 26.8 billion euros from 24.5 billion.

Exports have been volatile since the U.S. announced a raft of tariffs in early 2025 but, smoothed for this volatility, the trend shows significantly lower sales as higher prices force U.S. importers to either cut purchases or source their products from elsewhere.

Economists say it will take years for Europe to regain this lost market, leaving a large gap in the economy as net exports have been the key plank in growth and the euro zone is now facing years of expansion barely above 1% per year.

Still, the domestic economy appears to be resilient to the trade shock for now as AI-related investments and domestic consumption are kicking into higher gear, keeping GDP growth at a modest but still respectable rate.

In the final quarter of 2025, the euro zone grew by 0.3%, in line with a preliminary estimate, Eurostat said in a separate release.

In another hopeful sign, employment in the euro zone rose by 0.2% over the previous quarter, holding steady from three months earlier.

Some optimism is also fuelled by rising domestic spending, particularly in Germany, where the government is boosting investment into defence and infrastructure, two long-neglected areas.

This spending is slow to pick up pace but should already lift second quarter figures and be at full speed by the end of the year.

The bloc’s external economic challenges could also kick start long-stalled reform efforts at home and the European Central Bank estimates that breaking down external barriers could offset trade lost to U.S. tariffs.

Reporting by Balazs Koranyi

EU reconsidering funds for Serbia as justice laws ‘eroding trust’

Kos said the commission was reviewing funding for Serbia under the EU Growth Plan for the Western Balkans, aimed at aligning the region to EU rules and ultimately bringing countries such as Serbia into the bloc

International News via Reuters:

The European Union could withhold funds from a 1.6 billion euro allocation of loans and grants to Serbia, after Belgrade passed laws that are “eroding trust” in its commitment to the rule of law, the bloc’s enlargement commissioner said.

Reforms to centralise the judiciary that came into force this week brought criticism from judges and prosecutors who see them as bolstering President Aleksandar Vucic’s hold on power, weakening the fight against organised crime and undermining Serbia’s bid to join the EU.

“These amendments are eroding trust. It is becoming harder for those in Brussels who are willing to advance with Serbia to make their case,” EU enlargement commissioner Marta Kos said in emailed comments to Reuters late on Thursday.

Kos said the commission was reviewing funding for Serbia under the EU Growth Plan for the Western Balkans, aimed at aligning the region to EU rules and ultimately bringing countries such as Serbia into the bloc. Serbia was allocated 1.6 billion euros of loans and grants under the programme.

“These (funds) contain preconditions linked to the rule of law,” she said. 

Serbia began official talks to join the EU in 2014 but widespread corruption and weak institutions have slowed progress. 

The judicial reforms include limiting the mandate of chief public prosecutors and granting court presidents – responsible for court administration – greater powers over judges. Critics fear the reforms will erode judges’ independence and jeopardise high-level corruption cases overseen by the Public Prosecutor’s Office for Organised Crime.

The government did not immediately respond to a request for comment on Friday. The justice ministry has said that the new laws will make the judiciary more efficient by streamlining the decision-making process.

Since the backlash, Serbia has requested the opinion of the Venice Commission, a panel of constitutional law experts of the Council of Europe, a human rights body. 

“Once that opinion is issued, we expect these laws to be revised accordingly and in an inclusive manner,” Kos said.

Reporting by Edward McAllisterEditing by Peter Graff