Wednesday, November 11, 2026
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Oil up slightly as market weighs strong US economic growth, supply risks

Brent crude futures rose 22 cents, or 0.35%, to $62.29 a barrel by 1:13 p.m. ET (1813 GMT). U.S. West Texas Intermediate crude was up 25 cents, or 0.43%, at $58.26

International News via Reuters:

Oil prices edged up on Tuesday as investors assessed stronger-than-expected U.S. economic growth and the risk of disruptions to oil supply from Venezuela and Russia. 

Brent crude futures rose 22 cents, or 0.35%, to $62.29 a barrel by 1:13 p.m. ET (1813 GMT). U.S. West Texas Intermediate crude was up 25 cents, or 0.43%, at $58.26.

Prices had risen by more than 2% on Monday, with Brent registering its biggest daily gain in two months and WTI climbing the most since November 14.

The U.S. economy grew faster than expected, driven by robust consumer spending, the Commerce Department’s Bureau of Economic Analysis said in its initial estimate of third-quarter GDP on Tuesday.

“The market is trying to decide whether we should be more excited about the demand coming from the strong growth or worried that the Fed is going to have to put on the brakes on that growth to get inflation under control,” said Phil Flynn, senior analyst with the Price Futures Group.

Other data painted a mixed picture of the economy. U.S. consumer confidence deteriorated in December amid deepening anxiety over jobs and income while factory production was unchanged in November after declining in October, data showed on Tuesday.

Investors were also considering the risk of disruptions to Venezuelan supply. 

U.S. President Donald Trump said on Monday that the U.S. might keep or sell the oil it had seized off the coast of Venezuela in recent weeks as part of measures that include a “blockade” of oil tankers under sanctions entering and leaving the South American country.

Tanker loading in Venezuela dwindled on Monday, with most ships moving oil cargoes only between domestic ports following U.S. action against more ships.

“The market appears to be wrestling between the oversupplied bearish factors and the latest supply concerns from the U.S. blockade reducing Venezuelan loadings and exports, as well as Russia and Ukraine trading blows to vessels and ports late on Monday,” said Rystad analyst Janiv Shah. 

Russian forces struck Ukraine’s Black Sea port of Odesa late on Monday and damaged port facilities and a ship, the second attack on the region in less than 24 hours, while Ukrainian drone attacks damaged two vessels, two piers and sparked a fire in a village in Russia’s Krasnodar region.

Ukraine has also targeted Russia’s maritime logistics, focusing on shadow-fleet oil tankers that attempt to bypass sanctions on Russia.

Oil markets are expected to remain well supplied in the first half of 2026, Barclays said in a note this week, but the bank added that the oil surplus will shrink to only 700,000 barrels per day in the fourth quarter of 2026 and that prolonged disruption could tighten the market further.

Reporting by Nicole Jao in New York, Seher Dareen in London, Anjana Anil in Bengaluru and Emily Chow in SingaporeEditing by David Goodman, Joe Bavier and Nia Williams

EU plans stricter controls on plastic imports to help struggling recyclers

Europe’s plastics-recycling industry has lost more capacity in 2025 than in any previous year, with low-cost plastic imports and high energy costs driving plant closures in countries including the Netherlands

International News via Reuters:

The European Union will introduce stricter rules for imports of plastics, the European Commission said on Tuesday, as it attempts to help European recycling plants that are struggling to compete with cheaper imports.

Europe’s plastics-recycling industry has lost more capacity in 2025 than in any previous year, with low-cost plastic imports and high energy costs driving plant closures in countries including the Netherlands, according to industry group Plastics Recyclers Europe.

A particular concern is that cheap virgin plastic – new material made from raw fossil fuels, rather than recycled plastic made from used materials – is being mislabelled as recycled, putting local recyclers at a disadvantage as their recycled plastic cannot compete on price.

The European Commission, the EU executive body, said it would propose legal changes in the first half of 2026 to require stricter documentation for imports of recycled plastics. Another proposal will create separate customs codes for recycled and virgin plastics, to make it easier to track imports.

“The recycling sector is facing high energy costs, low and unpredictable prices for virgin plastic (linked to oil prices) and competition from imports of cheap plastics (often virgin plastics wrongly claimed to be recycled),” the Commission said in a document setting out the plans.

Other measures will include EU audits of recycling plants, including outside of Europe, and support for laboratories to run control checks on whether shipments of recycled plastic are genuine.

Brussels will also consider whether it is necessary to introduce trade measures. An EU import surveillance task force will monitor plastics imports during 2026, the Commission said.

The EU has already imposed anti-dumping duties on Chinese PET plastic – the type used to make bottles – to address imports which Brussels said were so cheap they forced EU companies to sell at a loss to compete.

Six European countries, including France, Spain and the Netherlands, asked the EU last month to take further action against imports of low-quality recycled plastics which they said were being sold at heavily discounted prices.

The EU also proposed rules specifying how chemically recycled products can count towards EU requirements for products to include recycled materials.

Editing by Timothy Heritage

Greta Thunberg released from custody after arrest at UK pro-Palestinian protest

City of London Police said Thunberg had been bailed until March

International News via Reuters:

Swedish activist Greta Thunberg was released from custody after being arrested on Tuesday in London at a pro-Palestinian protest, police said.

UK-based campaign group Prisoners for Palestine said Thunberg was earlier arrested under the Terrorism Act for holding a sign that said “I support the Palestine Action prisoners. I oppose genocide”. The British government has proscribed Palestine Action as a terrorist group.

City of London Police said Thunberg had been bailed until March.

Police said earlier two other people had been arrested for throwing red paint at a building. A spokesperson said 22-year-old woman later attended the scene and was arrested for displaying a placard in support of a proscribed organisation.

Prisoners for Palestine, which supports some detained activists who have gone on hunger strike, said the building had been targeted because it was used by an insurance firm which they said provided services to the British arm of Israeli defence firm Elbit Systems.

The insurance company did not immediately respond to a request for comment.

Thunberg, 22, became prominent after staging weekly climate protests in front of the Swedish parliament in 2018.

Last year, she was cleared of a public order offence in Britain as a judge ruled police had no power to arrest her and others at a protest in London the year before.

She was detained along with 478 people and expelled by Israel in October after joining an activist convoy of vessels, the Global Sumud Flotilla, that attempted to reach Gaza with aid supplies. Israel has consistently denied genocide allegations.

Reporting by Muvija M and Sam Tabahriti; Editing by Kate Holton and Alison Williams

Congo halts artisanal copper and cobalt processing amid corruption crackdown

Congo, the world’s top cobalt supplier contributing around 70% of global output, has wrestled for decades with illegal, artisanal mining that diverts revenue away from the nation’s coffers

International News via Reuters:

Democratic Republic of Congo has suspended artisanal copper and cobalt mineral processing, according to a decree seen by Reuters, in an effort to improve transparency and prevent illegal exports, a pervasive problem in the mineral-rich nation.

Congo, the world’s top cobalt supplier contributing around 70% of global output, has wrestled for decades with illegal, artisanal mining that diverts revenue away from the nation’s coffers.

The decree, dated December 19 and signed by mines minister Louis Watum Kabamba, orders all entities that process and market artisanal copper and cobalt to suspend operations and certify the origin of minerals used. 

A commission would be set up to carry out compliance and to verify the traceability and legality of supplies, the document said.

Reuters could not determine the likely impact on illegal exports and Congo’s government had no figures.

“This suspension will be an opportunity to identify the flow and volume of minerals processed by the processing units,” a source at the president’s office said.

LICOCO, a Congolese  nongovernmental group that aims to fight corruption in the sector said many entities operating illegally paid bribes to obtain their permits to circumvent the requirements laid out in the mining code.

Congo launched its first batch of traceable artisanal cobalt in November to clean up the supply chain and align production with international environmental, social and governance standards.  

Artisanal mining is a lifeline for many in Congo, employing an estimated 1.5 million to 2 million people and supporting more than 10 million people indirectly.

But unregulated output is difficult to track, risks being confiscated by the government and pushes up the price of ethically produced, traceable cobalt. 

Reporting by Yassin Kombi; Writing by Anait Miridzhanian; Editing by Jessica Donati, Alexandra Hudson

Award-winning Bermudian filmmaker shares creative process

Bermudian filmmaker Ari Kamara recently won first place in the British Art in Motion programme for their film This Woman Does Not Exist, inspired by the life and legacy of Mary Prince. 

During our interview, Ari shared insight into their creative process, from research to storytelling, and reflected on what the winning moment meant to them. 

They also offered advice to aspiring Bermudian creatives, encouraging emerging artists to remain confident in their voices and committed to telling meaningful stories.

Kettle bells ring, donations fall short

Salvation Army appeals for help as funding drops by half

The Salvation Army has issued an SOS after donations plummeted by 50 percent.

The charity is now urging the community to help close its funding gap before year’s end.

More in the below report.

Hospital issues urgent call for O positive blood

Chief of Pathology: “Please help us keep saving lives over the holiday season”

The Bermuda Hospitals Board issued the following media release.

The Bermuda Blood Donor Centre is calling for donors with O positive blood to come and donate ahead of Christmas due to a critical shortage. The Blood Donor Centre will remain open late, until 6pm tonight and will be open for normal hours tomorrow (Christmas Eve).

Chief of Pathology Dr Eyitayo Fakunle comments: ” We are losing two donation days this week due to Christmas and Boxing Day, and one next week for New Year’s. To ensure we have adequate supplies, we are asking people to come and donate today and tomorrow. There can be unplanned medical reasons that supplies can run low, but in this week, we are susceptible to smaller unplanned usage as the amount of donation days is down and generally people are busy so it’s harder to get donors in. Please help us keep saving lives over the holiday season. If you know you are O positive please call 236-5067 or WhatsApp 533-9553, or you can just walk in. If you want to help but haven’t donated before, we still welcome you.”

Minister confirms site for capsule homes

A plot of land in the Boaz Island area has been chosen for an emergency housing pilot

It’s confirmed: a site has been selected in the Boaz Island area to house nine capsule homes, following a town hall meeting with residents.

In the face of some NIMBY opposition regarding the pilots location, Housing Minister Zane DeSilva stressed the urgency of the housing crisis.

He said there are seniors and families in desperate need, urging compassion and cooperation to help those most at risk.

The units are expected to be installed by the end of March, with priority for seniors, small households, and those facing critical housing insecurity on the Bermuda Housing Corporation’s waitlist.

Officials continue to stress the homes are transitional and intended for emergency relief only.

UK police say comedian Russell Brand charged with two more sex offences

The new charges related to two women and followed five charges made in April involving four other women: two counts of rape, one of indecent assault and two of sexual assault

International News via Reuters:

British police said on Tuesday that comedian Russell Brand had been charged with a new count of rape and another of sexual assault.

The new charges related to two women and followed five charges made in April involving four other women: two counts of rape, one of indecent assault and two of sexual assault.

Brand, 50, will appear at Westminster Magistrates’ Court on January 20 in relation to the new charges. A trial on the earlier charges is scheduled to begin at Southwark Crown Court on June 16.

Reporting by Sam TabahritiEditing by William Schomberg

US seeks to cancel thousands of asylum cases, CBS News reports

The White House and U.S. Immigration and Customs Enforcement did not respond to requests for comment

International News via Reuters:

The Trump administration launched a nationwide campaign to void asylum claims of thousands of people with active cases in immigration courts by arguing that they can be deported to countries that are not their own, CBS News reported on Tuesday.

Reuters could not immediately confirm the report. The White House and U.S. Immigration and Customs Enforcement did not respond to requests for comment.

“We are working to get illegal aliens out of our country as quickly as possible while ensuring they receive all available legal process, including a hearing before an immigration judge,” a Department of Homeland Security spokesperson said in an emailed statement.

“DHS is using every lawful tool available to address the backlog and abuse of the asylum system,” the spokesperson added, citing “lawful bilateral arrangements that allow illegal aliens seeking asylum in the United States to pursue protection in a partner country that has agreed to fairly adjudicate their claims.”

The administration’s new approach involves ICE attorneys asking immigration judges to dismiss asylum cases without hearing them on merit, the report said.

ICE attorneys have also asked the judges to order asylum-seekers to be deported to countries such as Guatemala, Honduras, Ecuador and Uganda, the report added.

The report comes as President Donald Trump is preparing for a more aggressive immigration crackdown in 2026 with billions of dollars in new funding.

ICE and Border Patrol will get $170 billion in additional funds through September 2029 – a huge surge of funding over their existing annual budgets of about $19 billion after the Republican-controlled Congress passed a massive spending package in July.

Reporting by Gnaneshwar Rajan and Chandni Shah in Bengaluru; editing by Philippa Fletcher, Rod Nickel

Two men found guilty of UK plot to kill hundreds of Jews as IS fears grow

Their convictions come little more than a week after a mass shooting at a Jewish Hanukkah celebration on Sydney’s Bondi Beach in which 15 people were killed

International News via Reuters:

Two men were found guilty on Tuesday of plotting to kill hundreds in an Islamic State-inspired gun rampage against the Jewish community in England, a planned attack investigators say demonstrates the resurgent risk posed by the militant group.

Police and prosecutors said Walid Saadaoui, 38, and Amar Hussein, 52, who went on trial a week after an unrelated deadly attack on a synagogue in the nearby northwest city of Manchester in October, were Islamic extremists who wanted to use automatic firearms to kill as many Jews as they could.

Had their plans come to fruition, it would have resulted in “one of, if not the, deadliest terrorist attack in UK history”, said Assistant Chief Constable Robert Potts, in charge of Counter-Terrorism Policing in northwest England.

Their convictions come little more than a week after a mass shooting at a Jewish Hanukkah celebration on Sydney’s Bondi Beach in which 15 people were killed.

Islamic State said the Australian attacks were a “source of pride”. Although the jihadist group did not claim responsibility, its response has heightened fears of an increase in violent Islamist extremism.

While not posing the same threat of a decade ago when Islamic State controlled vast areas of Iraq and Syria, European security officials caution that IS and affiliated al Qaeda groups are once again looking to export violence abroad, radicalising would-be attackers online.

“You can see signs of some of those terrorism threats starting to grow again and starting to escalate,” British Foreign Secretary Yvette Cooper said last week.

TWO MEN PREPARED TO BECOME MARTYRS

British prosecutors told jurors that Saadaoui and Hussein had “embraced the views” of Islamic State and were prepared to risk their own lives in order to become “martyrs”.

Saadaoui had arranged for two assault rifles, an automatic pistol and almost 200 rounds of ammunition to be smuggled into Britain through the port of Dover when he was arrested in May 2024, prosecutor Harpreet Sandhu said.

He added that Saadaoui planned to obtain two more rifles, another pistol and collect at least 900 rounds. Unbeknown to him, a man known as “Farouk” he was trying to get the weapons from was an undercover operative, which police said meant his plan never came close to being put into operation.

Sandhu said the assault rifles Saadaoui wanted were similar to those used in a 2015 Islamist militant attack on the Bataclan concert hall in Paris that killed 130 people. He added that Saadaoui “hero-worshipped” Abdelhamid Abaaoud, who coordinated that attack.

Saadaoui said in a message to “Farouk”, whom he thought was a fellow militant, that the Paris attack was “the biggest operation after that of Osama (bin Laden)”, an apparent reference to the September 11, 2001 attack on the United States.

“Based on Walid’s communications and interactions with the undercover operative, and some of the things he said, that made it very clear that he regarded a less sophisticated attack with less lethal weaponry as not being good enough,” Potts said.

“Because, in effect, it was his role and his duty to kill as many Jewish people as he could, and that wasn’t going to be achieved via the use of a knife or, for example, potentially a vehicle as a weapon.”

Both Saadaoui and Hussein had pleaded not guilty and Saadaoui said that he had played along with the plot out of fear for his life.

Hussein did not give evidence and barely attended his trial after he angrily shouted from the dock on the first day “how many babies?” in an apparent reference to Israel’s war in Gaza.

They were convicted in Preston Crown Court on a single charge of preparing terrorist acts.

Walid Saadaoui’s brother Bilel Saadaoui, 36, was found guilty of failing to disclose information about acts of terrorism but prosectors said he had been reluctant to join the attack.

ISLAMIC STATE THREAT GROWING

The foiled plot is the latest in Britain and elsewhere inspired by Islamic State, which emerged in Iraq and Syria a decade ago and quickly created a “caliphate”, declaring its rule over all Muslims and largely displacing al Qaeda.

At the height of its power from 2014-17, Islamic State held swathes of the two countries, ruling over millions of people and imposing a strict, brutal interpretation of Islamic sharia law.

Its fighters also carried out or inspired attacks in dozens of cities around the world, which were often claimed by Islamic State even without any actual connection.

The SITE Intelligence Group said in the wake of the Bondi Beach attack in Australia that IS had encouraged Muslims to take action elsewhere, particularly singling out Belgium.

A European intelligence official, speaking on condition of anonymity, said IS was flooding social media with propaganda and while this impacted only a handful of people, it meant there were more terrorism investigations than last year.

Ken McCallum, head of Britain’s domestic spy agency MI5, said in October that his service and the police had thwarted 19 late-stage attack plots since the start of 2020, and intervened to counter many hundreds of other terrorism threats.

“Terrorism breeds in squalid corners of the internet where poisonous ideologies, of whatever sort, meet volatile, often chaotic individual lives,” McCallum said.

Reporting by Sam Tobin in London and Andy Bruce in Manchester; writing by Michael Holden; editing by Mark Heinrich