Saturday, November 7, 2026
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Norway zips ahead in EV race as car sales hit 96% electric

Oil-producing Norway’s rapid switch to battery-powered vehicles contrasts with the rest of Europe

International News via Reuters:

Almost all new cars registered in Norway last year were fully electric, official data showed on Friday, headed by booming Tesla sales as the Nordic country cements its global lead in phasing out petrol and diesel-powered vehicles.

Oil-producing Norway’s rapid switch to battery-powered vehicles contrasts with the rest of Europe, where weak demand for EVs prompted the European Union last month to reverse its planned 2035 ban on internal combustion engine cars.

Driven by tax incentives, 95.9% of all new cars registered in Norway in 2025 were EVs, with that number at almost 98% in December. The annual figure was up from 88.9% in 2024, Norwegian Road Federation (OFV) data showed.

A record 179,549 new cars were registered in Norway during the year, a 40% increase from 2024, the OFV said.

EV TAXES SET TO RISE

Tesla was Norway’s top-selling car brand for a fifth consecutive year, with a 19.1% market share, followed by Volkswagen at 13.3% of registrations and Volvo Cars at 7.8%.

Led by the mass-market crossover Model Y, Tesla sold 27,621 cars in Norway in 2025, more than any other automaker has sold in the country in a single year, overcoming a consumer backlash plaguing the brand in much of Europe over CEO Elon Musk’s support for far-right parties and his backing of U.S. President Donald Trump.

Cars produced in China had a 13.7% market share in Norway in 2025, up from 10.4% the previous year, led by automaker BYD which more than doubled the number of cars it sold in the Nordic country.

Norway, which began taxing EVs in 2023, announced in October that it would add up to $5,000 in value-added tax per vehicle from January 1, 2026, sparking a rush among buyers and car firms to beat the 2025 year-end deadline.

“What we did very quickly was to redirect a number of cars that were not originally intended for Norway, to get them here faster,” Ford Norway’s Managing Director Per Gunnar Berg told Reuters. 

CARROT AND STICK PROPELS NORWAY’S EV SHIFT

While some EV incentives have been pulled back, the government has also consistently added charges to petrol and diesel cars to make them more expensive, said Christina Bu, head of the Norwegian EV association.

“That is often misunderstood outside of Norway – they all think it’s about tax exemptions and incentives, but it’s very much also about the whip,” Bu said. “ICE (internal combustion engine) cars are taxed out of business in a way.”

The few fossil-fuel cars registered in 2025 were mostly specialised vehicles such as wheelchair-accessible vehicles or those used by police and other first responders, alongside a few hybrid models and sports cars.

EVs costing less than 300,000 Norwegian crowns ($29,831.75) remain exempt from VAT in 2026, in a potential boost for small cars, executives said.

“I think the tax changes will accelerate the return of compact cars… which used to dominate both Norway and Europe,” Ford’s Berg said.

Ulf Tore Hekneby, head of Harald A Moller which imports Volkswagen, Audi, Skoda and CUPRA vehicles, said more combustion engine models would launch as electric and that his company had managed to get more cars late last year by arranging with the factories to accelerate output and prioritise Norway in production allocation.

“There will be a great deal of new launches from our brands for compact cars so we’ll get a new lineup that we haven’t had in many years,” Hekneby said.

($1 = 10.0564 Norwegian crowns)

Reporting by Marie Mannes; Editing by Terje Solsvik, Sharon Singleton and Susan Fenton

Police: ‘Don’t share apparent home invasion video’

Police are urging the public not to continue sharing footage of a reported attempted home invasion in Hamilton Parish on New Year’s Day

Police are urging the public not to continue sharing footage of a reported attempted home invasion in Hamilton Parish on New Year’s Day.

Security camera videos circulating on social media show three individuals, that appear to be carrying two machetes and a crowbar, ascending a staircase towards a property, around 12:30am on January 1st.

It appears they attempt to enter the property, and an apparent scuffle takes place at the door.

Police say it appears as if one of the individuals involved may have been injured by a resident during the attempted invasion.

An investigation has commenced, and Police say none of the residents in the targeted property appear to have been injured during the incident.

Anyone who receives video clips of the incident is urged by police to immediately delete them.

Do not forward or share the videos as the investigation and any subsequent prosecution could be severely hampered, police add.

Instead, anyone with information in relation to this attempted home invasion should contact Detective Sergeant Seymour Foote on 717-2282, or e-mail s-foote@bps.bm.


Dollar climbs to start 2026 after biggest annual drop in eight years

A narrowing interest rate difference between the U.S. and other economies helped fuel sharp gains against the dollar for most major currencies, with the exception of the Japanese yen

International News via Reuters:

The U.S. dollar kicked off 2026 on a stronger note on Friday after struggling against most currencies last year, as traders awaited a flurry of U.S. economic data next week, including several reports on the labor market, to gauge the path of interest rates.

A narrowing interest rate difference between the U.S. and other economies helped fuel sharp gains against the dollar for most major currencies, with the exception of the Japanese yen.

Worries about the U.S. fiscal deficit, a global trade war and concern about Federal Reserve independence took a toll on the greenback, and those issues are likely to linger into 2026.

Economic data due next week includes a host of reports on the labor market, culminating in the government payrolls report on Friday, which should provide insight as to where the Fed’s policy rate might move.

“Market participants could remain cautious ahead of a dense calendar of U.S. macroeconomic releases next week that could shape expectations for both the dollar and interest rates into 2026,” Joseph Dahrieh, Managing Principal at Tickmill, said in a note. 

The dollar index, which measures the greenback against a basket of currencies, rose 0.12% to 98.37, with the euro down 0.11% at $1.1732.

Euro zone manufacturing activity fell in December to its weakest in nine months, a survey showed. The currency surged more than 13% last year, its biggest annual rise since 2017. 

Sterling weakened 0.04% to $1.3465 following a 7.7% increase in 2025, also its biggest yearly jump since 2017.

Markets in Japan and China were closed on Friday, leading to thin trading volume.

Investors will also be eyeing who U.S. President Donald Trump chooses to be the next Fed chair as the term of current head Jerome Powell ends in May.

Trump flagged that he would make his Fed chair pick this month, and many market participants expect Trump’s pick to be a proponent of more rate cuts, as the president has repeatedly criticized Powell and the Fed for not reducing borrowing costs at a faster pace and a larger magnitude.

Traders are fully pricing in two cuts this year compared to one projected by a currently divided Fed board.

“We expect that concerns around central bank independence will extend into 2026, and see the upcoming change in Fed leadership as one of several reasons why risks around our Fed funds rate forecast skew dovish,” Goldman strategists said in a note to clients.

YEN REMAINS THE EXCEPTION

The Japanese yen weakened 0.11% against the greenback to 156.84 per dollar  after rising less than 1% against the greenback in 2025. It remained close to a 10-month low of 157.89 touched in November that drew policymaker attention and raised expectations for a possible intervention by the Bank of Japan (BOJ).

The BOJ hiked interest rates twice last year but that did little to support the yen performance as investors appeared to be looking for a more aggressive pace.

Markets are not pricing in more than a 50% chance of another BOJ rate hike until July, according to LSEG data. 

Reporting by Chuck Mikolajczak; additional reporting by Ankur Banerjee in Singapore and Samuel Indyk in London; Editing by Christopher Cushing, Philippa Fletcher, Gareth Jones and Franklin Paul

OBA: ‘Every Bermudian deserves the chance to live securely in their own country’

The One Bermuda Alliance issued the following statement.

The One Bermuda Alliance acknowledges the recent statements by PLP MP Christopher Famous identifying that Bermuda’s housing efforts remain limited in scale and do not fully meet the level of need. Housing affordability and housing security continue to be among the most pressing issues facing Bermudians, particularly in a market with net zero population growth where access to stable housing remains increasingly uncertain.

We recognise that the Government has spoken publicly about a 10-year housing plan, including at the recent Boaz Island announcement. The key question now is how will the Government ensure that outcomes are delivered at the pace and scale required, particularly for young Bermudians, working families, seniors, and Bermudians seeking to return home. A plan alone is not enough; measurable progress, transparency of timelines, and accessibility of housing options must follow.

Shadow Minister for Housing & Municipalities, Michael Fahy, adds: “Every Bermudian deserves the chance to live securely in their own country. In addition to increasing supply, we must be willing to modernise how and where we build, including building higher in Hamilton through mixed-use developments that provide housing options across different income levels. These approaches can help maximise limited space while strengthening the vibrancy of our city.”

Opposition Senator and Housing spokesperson, Dion Smith, says: “In earlier decades, Bermudians faced little to no global competition for opportunity. Today, our people are competing in a global economy where skills are mobile and choices are wider. Bermudians want security, not just housing, but the ability to live balanced lives. We must ask ourselves whether our systems allow people to work to live or force them to live to work.”

As part of this national conversation, the OBA believes Bermuda must be open to exploring practical options such as assessing whether government-owned vacant buildings, including former schools, could be safely repurposed into long-term housing with pathways such as rent-to-buy, prioritising Bermudian families. Other potential tools, including private-sector partnerships and fast-tracked affordable developments, may also warrant consideration through broad consultation.

The OBA also believes attention must be given to systemic barriers that restrict housing availability, including lengthy probate processes that delay properties from entering the market and place unnecessary financial strain on families, particularly seniors. Addressing these inefficiencies is a solvable step that can both ease financial burdens and responsibly increase housing stock.

The OBA will continue to raise the concerns felt every day in our communities and will participate constructively in housing policy discussions with one guiding principle: Bermudians must always come first.

US judge orders man accused of planting pipe bombs in Washington to remain in custody 

U.S. District Court Judge Matthew Sharbaugh ordered Brian Cole, 30, to be held without bail as he faces two criminal charges related to the attempted bombings of the Democratic and Republican party headquarters

International News via Reuters:

A federal judge on Friday ordered that the man accused of planting pipe bombs in Washington the night before the January 6, 2021, U.S. Capitol attack should remain behind bars while his case moves forward.

U.S. District Court Judge Matthew Sharbaugh ordered Brian Cole, 30, to be held without bail as he faces two criminal charges related to the attempted bombings of the Democratic and Republican party headquarters. Cole, who faces two explosives-related charges, has not yet entered a plea. 

Federal prosecutors have said in a court filing that Cole confessed to planting the pipe bombs and told investigators after his arrest he thought the 2020 election had been “tampered with.” President Donald Trump had falsely claimed that the election, which he lost to Democrat Joe Biden, was marred by fraud.

According to the filing, Cole said he didn’t like either political party.

The pipe bombs were not discovered until about 1 p.m. on January 6, diverting police resources just as a mob of Trump supporters surged into the Capitol.

Reporting by Jana Winter; editing by Scott Malone

Nigeria police charge Joshua driver with dangerous driving over fatal collision

Adeniyi Mobolaji Kayode, 46, appeared before the Sagamu Magistrate Court on Friday in connection with the accident on the Lagos-Ibadan Expressway, Ogun State Police Command said in a statement

British boxer Anthony Joshua gets into an emergency responders’ vehicle after being involved in a car crash, in which he sustained minor injuries and was taken to the hospital, according to police, in Ogun State, Nigeria December 29, 2025 in this screen grab obtained from social media video. Sodiq Ayo/via REUTERS

International News via Reuters:

Nigerian police said on Friday the driver of the vehicle involved in a crash that injured British former world heavyweight champion Anthony Joshua and killed two of his close friends was charged with four counts.

Adeniyi Mobolaji Kayode, 46, appeared before the Sagamu Magistrate Court on Friday in connection with the accident on the Lagos-Ibadan Expressway, Ogun State Police Command said in a statement.

It told Reuters Kayode was charged on four counts, including causing death by dangerous driving. The case was adjourned to January 20.

Reuters was not immediately able to contact Kayode or a legal representative. Kayode has not commented publicly on the case.

Joshua, 36, sustained minor injuries when the Lexus SUV he was travelling in collided with another car on Monday. Two of his friends and team members, Sina Ghami and Latif Ayodele, died in the crash.

Preliminary findings suggested the car was speeding and attempted a wrongful overtaking manoeuvre before hitting a stationary truck, the FRSC has said.

Joshua, who was born in Britain to Nigerian parents, was taken to hospital for checks and remains stable, his promoter Matchroom Boxing said.

President Bola Tinubu expressed condolences to Joshua and the victims’ families, calling the incident a “tragic accident.”

The crash came just over a week after Joshua knocked out American social media star Jake Paul in the sixth round of a bout in Miami. Joshua is expected to fight fellow Briton Tyson Fury later this year.

Reporting by Sam Tabahriti, editing by Pritha Sarkar

UK regulator wins court battle to name claims company under investigation

The Financial Conduct Authority can only identify firms under investigation in exceptional circumstances

International News via Reuters:

Britain’s financial watchdog was allowed to make public for the first time the name of a claims management company it is investigating, following a legal judgment published on Friday.

The Financial Conduct Authority can only identify firms under investigation in exceptional circumstances and last year had to abandon an effort to routinely “name and shame” in the face of widespread opposition from the financial sector as well as members of the former Conservative-led government. 

The FCA in a statement on Friday said it had informed the UK-registered claims management company, The Claims Protection Agency, in September that it intended to announce an investigation in relation to sales tactics used to win customers for potential car finance claims.

The Claims Protection Agency, which trades under 12 different names, including My Claim Group, challenged the decision in the High Court but lost, and its appeal was dismissed. It has no further right of appeal.

CLAIMS COMPANY SAYS IT HAS COOPERATED FULLY

In an emailed statement, the company said it has fully cooperated with the FCA in relation to its investigation which it believes “will exonerate our position”.

“Claims on behalf of clients of My Claim Group are conducted by respected legal firms that are vastly experienced and regulated by the Solicitors Regulation Authority,” it said.

The FCA said announcing the investigation allows customers of the claims management company to “consider their options”.

The investigation itself will examine what customers were told about potential redress, whether they were informed claims could be made for free, and whether they were pressured to sign up, the FCA said. It has not reached any conclusions on whether rules were breached and it is unclear when the investigation will be completed.

In August 2025, the Supreme Court published a ruling on the legality of car finance commissions and the FCA in October published a consultation paper on a redress scheme for consumers who were mis-sold car finance, estimating that most customers would be due 700 pounds ($943).  

My Claim Group in August said on its website that it was withdrawing material that suggested customers could be owed 4,000 pounds. 

The Claims Protection Agency said that estimates for compensation in historic adverts “were based upon reasonable assumptions at the time of publication, and we look forward to further cooperating with the FCA in relation to this matter”.

($1 = 0.7422 pounds)

Reporting by Phoebe Seers; editing by Barbara Lewis

Swiss resort fire likely started by sparkler candles, many of the injured fighting for their lives

Initial findings showed the fire that spread among the mostly young crowd of revellers in Le Constellation bar in the Swiss ski resort of Crans-Montana was likely caused by sparkler candles

International News via Reuters:

Dozens of young partygoers hurt in a New Year’s Eve bar fire in Switzerland were transferred to specialist burn units across Europe with serious injuries on Friday after being hit by the devastating blaze, which has killed at least 40.

Initial findings showed the fire that spread among the mostly young crowd of revellers in Le Constellation bar in the Swiss ski resort of Crans-Montana was likely caused by sparkler candles being carried too close to the ceiling, the local prosecutor said.

Meanwhile, investigators focused on the painful task of identifying the burned bodies, warning that this process was very sensitive and would take time.

So severe were the burns that Swiss officials said it could take days before they name all those killed in the fire. The official toll is 40 dead, while 119 have been injured, many of them very seriously. Those numbers are not final, officials said.

“Many of those injured are still fighting for their lives today,” Valais area chief Mathias Reynard told a news conference.

Around 50 of the injured have been, or will be, transferred to burn units in hospitals elsewhere in Europe, he said. Germany and France are among the countries treating some of the injured.

Of the injured, 113 have been identified, 71 of whom are Swiss, 14 French and 11 Italian, four Serbian, one Bosnian, one Belgian, one Polish, one Portuguese and one Luxembourgish, police chief Frederic Gisler told the same news conference.

FIRE LIKELY CAUSED BY PARTY CANDLES

Initial investigations suggest that the fire which tore through the Swiss ski resort bar started when ‘fountain candles’ were carried aloft too close to the ceiling, local prosecutor Beatrice Pilloud said.

“Everything suggests that the fire started from the burning candles or ‘Bengal lights’ that had been attached to champagne bottles,” she told the news conference, adding that, while this hypothesis was likely, it was not yet confirmed. “From there, a rapid, very rapid and widespread conflagration ensued.”

The investigation was also checking whether the ceiling’s insulation foam was to blame for the rapid spread of the fire, Pilloud said.

Further investigations will show if anyone needs to be held criminally liable for negligence, she added.

Axel, who was in the basement where the fire started, told reporters he did not know how he “miraculously” made it out.

He turned over a table and hid behind it to protect himself from the fire, before making his way upstairs. “We couldn’t see anything, I was half choking,” he said. He used a table, and then his feet, to break a window to get out, avoiding what he said was a single door that was too narrow for the many people trying to escape.

DESPERATE SEARCH

A 16-year-old Italian international golfer who lived in Dubai was the first victim to be identified publicly.

The Italian Golf Federation said it “mourns the passing of Emanuele Galeppini, a young athlete who carried with him passion and genuine values.”

Parents and friends of missing youths issued pleas for news of their loved ones as foreign embassies scrambled to work out if their nationals were among those caught up in one of the worst tragedies to befall modern Switzerland.

Laetitia Brodard-Sitre, the mother of 16-year-old Arthur, was looking for information near the site of the blaze.

“We are together, we are in shock, we take each other in our arms and we cry. We try to give each other hope,” she said of her relatives and others of those missing.

Marco, a 20-year-old from Milan, told Reuters outside the Constellation bar that twenty of his friends were missing.

“Some of them are injured, in bad condition. Some of them are completely safe. And some of our friends, we don’t have any news. They told us they never found them,” he said. “Nobody can help us find our friends.”

ITALIAN, FRENCH AMONG THE MISSING

Italian Foreign Minister Antonio Tajani, who was in Switzerland, said that 13 Italians were in hospital and six registered as missing.

France’s embassy to Switzerland said eight French citizens were unaccounted for, while another nine had been injured and were receiving care.

Visitors and residents of Crans-Montana, which is a popular draw not only for skiers, but also golfers, were stunned by the inferno.

Dozens of people left flowers or lit candles on a makeshift altar at the top of the road leading to the bar which police had cordoned off. Some cried, others quietly hugged one another.

“It could have been us,” Emma, an 18-year-old from Geneva, said outside the cordoned-off bar.

“There was an enormous queue so we decided not to go in,” she said. “I see those missing and it’s all people our age.”

Elisa Sousa, 17, said she was meant to be there but ended up spending the evening at a family gathering instead.

“And honestly, I’ll need to thank my mother a hundred times for not letting me go,” she said at the vigil for the victims. “Because God knows where I’d be now.”

Reporting by Dave Graham and Emma Farge; Additional reporting by Tassilo Hummel, Charlotte Van Campenhout, Benoit Van Overstraeten, Christine Chen, Crispian Balmer; Writing by Ingrid Melander; Editing by Alistair Bell, Raju Gopalakrishnan, Alex Richardson and Philippa Fletcher

Smart Machine Sets Season Record in Vesey Street Thriller

Bermuda’s harness pony racing season reached a fever pitch on New Year’s Day as Smart Machine clocked the fastest time of the campaign to date at the National Equestrian Centre.

The atmosphere at the Vesey Street track was electric, with a capacity crowd treated to a high-octane duel between two of the sport’s most consistent performers, Candyce Martin and Philip Correia.

The highlight of the day arrived in Heat 16 during the elite 1:03 and Faster Time Bar class. In a blistering display of speed and precision, Candyce Martin piloted Smart Machine to a season-best time of 1:01/4.

The performance was enough to edge out rival Philip Correia, who guided Red October to a formidable 1:02/2. Martin’s record-breaking run sent a clear message to the rest of the field, establishing Smart Machine as the pony to beat as the 2026 season gathers pace.

While Martin claimed the headlines for speed, the drama peaked earlier in the afternoon during Heat 8. In a precursor to their late-day showdown, Martin and Correia went nose-to-nose in a finish so close it required the judge’s intervention.

Hornets Sting Rams to Retain Friendship Trophy

David Jones Jr’s early strike proved the difference as Dandy Town Hornets secured a hard-fought 1-0 victory over North Village Rams to defend their Friendship Trophy title.

In a cagey final at Wellington Oval, the Hornets managed to exorcise their historical demons against the Rams, securing their first-ever victory over their rivals in a Friendship showpiece.

The match was decided in the opening exchanges. With just seven minutes on the clock, David Jones Jr found space in the box to slot home what would become the winning goal. The early advantage allowed the Hornets to settle into a rhythm, while North Village spent much of the first half searching for an equaliser that never materialised.

The Rams, led by the experienced Jalen Harvey and London Steede, struggled to break down a compact Hornets backline anchored by Dante Leverock. Despite flashes of creativity from Knory Scott, the holders went into the interval with their lead intact.

The second half saw North Village manager Calvin Dill Jr look to his bench for inspiration, introducing Adio Deshields at the break and later Jai Bean in an attempt to inject pace. While the second period produced several half-chances for both sides, the Hornets’ defensive discipline remained unshakeable.

Goalkeeper Jahquil Hill commanded his area with authority, frustrating the Rams’ frontline at every turn. In a bid to see out the result, Hornets coach Jarreau Hayward utilised his squad depth late on, introducing fresh legs to blunt the Rams’ late surges and ensure the trophy stayed at St John’s Field.

Somerset Eagles Secure Shield Glory in Penalty Shootout Thriller

Somerset Eagles claimed their third Shield Trophy title after a dramatic 5-4 penalty shootout victory over Robin Hood following a 2-2 draw at Wellington Oval.

In a final that ebbed and flowed over 120 minutes of high-intensity football, the Eagles showed immense character to recover from a half-time deficit and eventually triumph from twelve yards.

Robin Hood settled into their rhythm early, dictating play through the midfield pairing of Kwame Naylor and Tre Manders. Their dominance was rewarded in the 31st minute when Sebastian Davis found the back of the net with a clinical finish to give Hood a deserved 1-0 lead at the break.

The West Enders emerged for the second half with significantly more intent. Eight minutes after the restart, Nathan Rego continued his prolific form, firing home a stunning equalizer to shift the momentum.

The turnaround looked complete in the 65th minute when substitute Zaire Smith made an immediate impact. Having been on the pitch for just two minutes, Smith found himself in the right place to fire the Eagles into a 2-1 lead.

Robin Hood refused to surrender their grip on the final. As the minutes ticked away, fellow substitute James Cooper became the hero for Hood, popping up in the 80th minute to level the scores at 2-2.

Despite both sides creating half-chances during a tense thirty minutes of extra time, fatigue began to play a role and the deadlock could not be broken, leading to the inevitable tension of a penalty shootout.

The shootout was a test of nerves as momentum swung both ways. After early misses from Robin Hood’s Xahiv Deroza and Sebastian Madeiros, the Eagles missed opportunities of their own through Rego and Zico Saltus-Seymour.

With the score tied at 4-4 in sudden death, Nicholas Massa stepped up to calmly slot his penalty past Curtis Jackson. The responsibility then fell to Kwame Naylor, but he was unable to convert, sparking wild celebrations among the Somerset Eagles players and coaching staff.