Wednesday, November 11, 2026
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Australia promises new hate laws as youngest Bondi Beach shooting victim is laid to rest

Yellow toy bees topped the coffin of 10-year-old Matilda, who was remembered as a ‘ray of sunshine’ who loved animals and dancing

International News via Reuters:

Australian Prime Minister Anthony Albanese on Thursday promised a crackdown on hate speech in the wake of an attack on a Jewish holiday event at Sydney’s Bondi Beach, as the youngest of 15 victims was laid to rest. 

Yellow toy bees topped the coffin of 10-year-old Matilda, who was remembered as a ‘ray of sunshine’ who loved animals and dancing.

Matilda’s middle name was Bee, which inspired attendees to wear bee stickers, and bring bee-themed toys and balloons, while some mourners wore yellow. Matilda’s family has asked the media not to use their surname.

“The tragic, so totally cruel, unfathomable murder of young Matilda is something to all of us as if our own daughter was taken from us,” said Rabbi Yehoram Ulman. 

“Matilda grew up like a child would, loving what children love. She loved the outdoors, animals. She went to school, she had friends, everybody loved her.”

The alleged father-and-son gunmen opened fire as hundreds of people celebrated Hanukkah on Sydney’s famous Bondi Beach on Sunday. The attack, which shocked the nation and led to fears over rising antisemitism, appears to have been inspired by the Islamic State, authorities say.

The line outside the hall where Matilda’s funeral was held in Sydney’s eastern suburbs snaked down the street. Many mourners who could not get in watched the service on a screen outside the building.

Some were angry at the government, saying it had not done enough to combat a rise in antisemitism since the start of the war in Gaza.

“It’s like your heart’s been ripped out. It’s terrible … no one wants this,” said Jae Glover, 25, as he handed out bee stickers.

“It’s a feeling, it could have been avoided. Antisemitism has now been brewing in Australia for over two years.”

As Matilda’s small white coffin was carried to a hearse at the end of the funeral, people crowded around to say their final goodbyes.

“As the coffin was driving away, I was just whispering, ‘I’m so sorry, my baby. I’m so sorry, my baby’, because I have five babies. We failed this baby,” said Chana Friedman, 37.

Elena Marguleva said the service was “heartbreaking and devastating”, and that she had not been eating or sleeping since the attack. “I can’t come to terms with how this could possibly happen.”

GOVERNMENT PLEDGES ACTION ON HATE SPEECH

Albanese said the government will seek to introduce legislation that makes it easier to charge people promoting hate speech and violence. Penalties would be increased, cancelling or refusing visas would be made easier and a regime for targeting organisations whose leaders engage in hate speech would be developed, he said.

“Australians are shocked and angry. I am angry. It is clear we need to do more to combat this evil scourge much more,” Albanese told a news conference announcing the reforms.

Albanese’s government has said it has consistently denounced antisemitism over the last two years. It passed legislation to criminalise hate speech and in August it expelled the Iranian ambassador after accusing Tehran of directing two antisemitic arson attacks in the cities of Sydney and Melbourne.

Still, antisemitic incidents are mounting. A 19-year-old Sydney man was charged and will face court on Thursday after allegedly threatening violence towards a Jewish person on a flight from Bali to Sydney on Wednesday.

“Police will allege the man made antisemitic threats and hand gestures indicating violence towards the alleged victim, who the man knew to be affiliated with the Jewish community,” Australian Federal Police said on Thursday.

PHILIPPINES, ISLAMIC STATE LINKS INVESTIGATED

Police allege the attack was carried out by Sajid Akram, 50, and his 24-year-old son Naveed.  Sajid was shot dead by police at the scene, while Naveed Akram was charged with 59 offences including murder and terror charges on Wednesday after waking from a coma. His case has been adjourned until April 2026, the court confirmed on Thursday.

The centre-left Labor government has ruled out holding a Royal Commission, a high-level inquiry with judicial powers, into the shootings for now.

On Wednesday, the leader of New South Wales, where the attack took place, said he would next week recall the state parliament to pass urgent reforms on gun laws.

Police are looking into Australia-based Islamic State networks as well as the gunmen’s alleged links to militants in the Philippines.

The Philippines’ National Security Council on Wednesday said that while Sajid Akram and his son had been in the country for a month in November, the pair had not engaged in any military training.

Islamic State-linked networks are known to operate in the Philippines and have wielded some influence in the south of the country. 

“There is no valid report or confirmation that the two received any form of military training while in the country and no evidence supports such a claim at present,” Philippine national security adviser Eduardo Ano said in a statement.

Reporting by Christine Chen, Scott Murdoch and Alasdair Pal in Sydney; Additional reporting by Karen Lema and Renju Jose; Editing by Stephen Coates and Lincoln Feast

ECB to hold rates steady as euro zone economy shows resilience

Inflation, meanwhile, has been hovering around the ECB’s 2% target, boosted by price hikes in the services sector, and is expected to stay there for the foreseeable future

International News via Reuters:

The European Central Bank is widely expected to keep its policy rates steady on Thursday and signal little appetite for cuts in the near term as the euro zone economy holds its ground in the face of global trade shocks and inflation remains stable.

Recent growth figures for the 20-country currency bloc have beaten ECB expectations, buoyed by exporters navigating U.S. tariffs more effectively than anticipated and by domestic spending that has counterbalanced a malaise in manufacturing.

Inflation, meanwhile, has been hovering around the ECB’s 2% target, boosted by price hikes in the services sector, and is expected to stay there for the foreseeable future.

That is likely to mean the ECB raises some of its growth and inflation forecasts on Thursday – effectively, though not explicitly, drawing a line under an easing cycle that saw it halve its policy rate from 4% to 2% in the year to last June.

Some members of the ECB’s Governing Council had wanted to do so at their last meeting in October.

“The haze of economic uncertainty has somewhat lifted, especially regarding trade,” Lorenzo Codogno, founder of LC Macro Advisors, said. “This will give the Governing Council greater confidence that it is in a good spot, likely eliminating any remaining easing bias.”

RATE HIKE NEXT?

ECB President Christine Lagarde may even be asked if rates are next set to go up, as some traders have started betting. But this debate is seen by many as premature given ample idle capacity in the manufacturing sector.

“I would expect Christine Lagarde to steer clear of rate hike conversations,” Spyros Andreopoulos, founder of the Thin Ice Macroeconomics consultancy, said.

Some comments from ECB board member Isabel Schnabel, chief economist Philip Lane and Lagarde herself have helped fuel some speculation about a rate hike late next year. 

Financial markets have begun pricing modest chances of a rate hike late next year or early in 2027 [GVD/EUR].

But most economists polled by Reuters expect the ECB to leave rates where they are through 2026 and 2027, although the forecast range for the latter year was wide at 1.5%-2.5%.

“The reality is, the bar is probably quite high for a move in either direction in the next few meetings,” BNP Paribas chief economist Isabelle Mateos y Lago said.

HIGHER PROJECTIONS FOR GROWTH AND INFLATION

The ECB can otherwise do little but acknowledge the euro zone economy is now growing close to its potential at roughly 1.4% per year, that sentiment is recovering and that industrial output is showing signs of bottoming out.

Economists expect growth to carry forward into next year, supported by the German government’s planned investments in defence and infrastructure and a relatively tight labour market, where workers have finally seen their wages catch up with the post-pandemic surge in prices.

“A stable labour market, a growing service sector, and the German fiscal stimulus will provide a tailwind to the euro zone economy in the coming months,” Felix Schmidt, a senior economist at Berenberg, said.

Lagarde herself has said the ECB will increase its economic growth projections – which currently see GDP expanding 1.2% this year, 1.0% in 2026 and 1.3% in 2027 – and economists expect it to nudge up its core inflation forecasts for 2026-27 too.

These will be crucial to watch as they factor out the effect of a delay to the European Union’s carbon trading scheme, which will mechanistically bring down headline inflation in 2026-27 and push it up in 2028.

Among factors likely to weigh on inflation is the euro’s strength against the Chinese yuan or renminbi, which is making it even harder for the euro zone to compete with China, and against the U.S. dollar, which may fall further if the Federal Reserve cuts rates more rapidly under a new chair.

“When you look at the trade balance of Europe, it appears that the competitiveness problem is much more pronounced against China than against the U.S. For me, the exchange rate to look at is not the dollar-euro, it’s the euro-renminbi,” BNP’s Mateos y Lago said.

Reporting by Francesco Canepa; Editing by Catherine Evans and Ros Russell

Banks win bid to block $3.6 billion mass forex UK lawsuit

Phillip Evans, a former inquiry chair at Britain’s Competition Markets Authority, was leading the case on behalf of thousands of asset managers, pension funds and financial institutions

International News via Reuters:

Major banks including JPMorgan, UBSS> and Citigroup on Thursday won their bid to block a 2.7 billion-pound ($3.6 billion) mass lawsuit over alleged foreign exchange rigging.

Phillip Evans, a former inquiry chair at Britain’s Competition Markets Authority, was leading the case on behalf of thousands of asset managers, pension funds and financial institutions.

The lawsuit, which was also brought against Barclays, MUFG and Natwest, is based on findings made by the European Commission, which fined banks more than 1 billion euros ($1.1 billion) in 2019.

The European Commission found the banks had rigged the multitrillion-dollar foreign exchange market in two separate cartels between 2007 and 2013.

Some of the world’s biggest investment banks have paid more than a combined $11 billion in fines to settle U.S., British and European regulatory allegations that traders manipulated currency rates for years.

Evans’ case was initially blocked in 2022 by the Competition Appeal Tribunal, before it was revived by the Court of Appeal the following year.

The banks appealed to the United Kingdom’s Supreme Court, which reinstated the Competition Appeal Tribunal’s decision to refuse to certify the case on an opt-out basis.

($1 = 0.7493 pounds)

Reporting by Sam Tobin; editing by William James

‘Many Bermudians feel powerless’

Consumer protections discussed in talks between the government and banks

Minister Lightbourne with Shawnette Griffin – SVP, Head of Retail Banking and Operations of Butterfield Bank Bermuda, and Jody Feldman – EVP, Managing Director of Butterfield Bank Bermuda

The Minister of Home Affairs, the Hon. Alexa Lightbourne, JP, MP, recently met with the leadership of HSBC Bermuda and Butterfield to discuss a range of issues related to affordability and consumer protection in Bermuda.

Minister Lightbourne outlined her Ministry’s mandate to ensure a more affordable Bermuda for all, highlighting the significant work undertaken over the past eight months to address cost-of-living pressures and strengthen fair consumer practices.

Discussions focused on the importance of affordable and adequate access to basic financial services, particularly for vulnerable members of the community. The parties explored options such as tiered banking service packages and prepaid products designed to support vulnerable customers and expand access to affordable purchases. These tools would help individuals transact more easily with a broad network of businesses and grocery stores, supporting fair and equitable participation in Bermuda’s economy.

Mortgage payments, financing for residential and community energy projects, and opportunities for partnership on consumer education campaigns were also discussed.

Minister Lightbourne with Gregory Garnier, CEO of HSBC Bank Bermuda Ltd.

Minister Lightbourne said, “Our Ministry has been tasked with helping to deliver a more affordable Bermuda for all. That requires close collaboration with our financial institutions, who are critical partners in expanding access and protecting consumers. By reviewing existing services and exploring new opportunities to improve affordability across all sectors, we demonstrate the collective effort required to make progress; particularly in the relationship with banks. Many Bermudians feel powerless in their banking relationships, and I appreciate the opportunity to meaningfully engage with senior bank executives to identify practical ways to better empower customers in Bermuda.”

Mr. Neville Grant, CEO of the Bermuda Banking Association said, “As both the Deputy Chair of the Cost of Living Commission and the CEO of the Bermuda Banking Association, we acknowledge the value of and appreciate the engagement with the Banks as key stakeholders in our community.  This banking outreach is a key part of the process, and it will ensure that they are also a part of the solution. The more the banks better understand and explain the dynamics driving our cost of living, then we will be able to provide thought leadership to create practical solutions to better manage the cost of living in Bermuda.  We look forward to the contributions from the remaining banks and are excited about the discussions that have been held to date.”

The Ministry of Home Affairs will continue to engage with key sectors across Bermuda’s economy to ensure that policies and practices align with the goals of affordability, fairness, and accessibility for all residents.

New look for former Frithholme Gardens

Sardis Developments III Ltd., the new owner of the former Fritholme Gardens condominium development, is proud to announce the official rebrand of the property as Ocean Hills, paying tribute to the estate’s breathtaking views and rolling topography.

The rebrand marks a new chapter for the well-established residential community. As part of this transition, Rego Sotheby’s International Realty has been appointed as the new property manager for Ocean Hills, bringing world-class expertise and a global standard of service to the estate’s operations and sales.

To date, five premium residences were on the market and two remain available, offering Bermudians, PRC’s, and EIRC holders a rare opportunity to own property in one of Bermuda’s most picturesque and thoughtfully reimagined developments.

“Ocean Hills represents more than just a name change — it is a renewed vision for the property that honours its natural environment while enhancing its value for residents and investors alike,” said Ryan Babcock, Head of Development at Sardis Developments III Ltd. “With Rego Sotheby’s International Realty managing the estate, we are confident in the future growth and prestige of this exceptional community.”

Ocean Hills offers direct access to Elbow Beach, as well as resort-style amenities including a shared pool, gym, yoga space, and an on-site beauty salon. Whether you’re seeking a primary residence, a vacation retreat, or an investment with elevated appeal, Ocean Hills delivers the best of island living.

For more information on available units or to arrange a viewing, please contact Rego Sotheby’s International Realty agents Buddy Rego at brego@regosir.com or Penny MacIntyre at pmacintyre@regosir.com.

Bermuda Tonight – 17 December 2025

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Bermuda Evening News at 7pm.

POA president calls for stricter penalities for those convicted of assaulting officers

POA President Timothy Seon said a recent assault by two inmates compounded by the fact that prison officers are “still working in a crisis.”

The President of the Prisons Officers Association has called for harsher penalities for those convicted of assaulting corrections staff.


This comes in the wake of a serious assault on an officer at the weekend.


Timothy Seon said it was compounded by the fact that prison officers are “still working in a crisis” of staff shortages and a failing infrastructure.

Brown University gunman still at large as manhunt enters fifth day

It is rare but not unprecedented for the perpetrator of a high-profile attack to evade capture for multiple days

International News via Reuters:

The gunman who killed two Brown University students remained at large on Wednesday, and there was no indication that authorities have grown closer to identifying the suspect four days after he opened fire inside a classroom and escaped into the surrounding streets in Providence, Rhode Island.

It is rare but not unprecedented for the perpetrator of a high-profile attack to evade capture for multiple days. But the lack of any identification has left residents in the area on edge, with some staying behind locked doors and keeping their kids home from school.

“This is outside of the norm,” said Felipe Rodriguez, a former New York Police detective who now teaches at the City University of New York’s John Jay College of Criminal Justice. “Mass shooters, by large, are usually killed at the scene or quickly captured.”

Early on Sunday, a day after the shooting, investigators appeared to have broken the case open when they announced a “person of interest” was in custody. But authorities released the unnamed person, a man in his 20s, that evening after evidence showed he was not involved and resumed the manhunt.

Officials said on Tuesday the investigation has been hampered by a lack of security cameras in the building and in the nearby area.

Investigators have released video clips, mostly taken from residential doorbell cameras, showing the possible shooter walking in a neighborhood near campus both before and immediately after the attack. In one video, the person can be seen walking away from the building right after the shooting as police cars with flashing lights arrive on the scene.

While the man in the footage is masked, officials hope someone might recognize his body, gait, movements or posture.

“Once we identify who this person is, I believe we’ll be able to locate him,” Rhode Island Attorney General Peter Neronha said at a Tuesday press conference. “It’s very hard to hide in this country.”

There are some other cases in which attackers have escaped, at least temporarily. The brothers who bombed the Boston Marathon in 2013 hid for four days in the Boston area and then killed a police officer when trying to flee. The older brother died after a gunfight with police that ended when his younger brother ran him over with a stolen car.

Luigi Mangione, the man accused of assassinating a healthcare executive last year in Manhattan, eluded authorities for five days. Mangione was captured in Altoona, Pennsylvania, after he was spotted eating at a McDonald’s by a customer and an employee who believed he resembled the gunman.

More recently in September, conservative activist Charlie Kirk’s suspected shooter was taken into custody after a 33-hour manhunt. Suspect Tyler Robinson was captured after a relative and a family friend alerted the local sheriff’s office that he had made comments suggesting he had committed the murder, the Utah governor said at the time.

The shooting at Brown took place inside an engineering and physics building. The facility was expanded in recent years, but the attack occurred in the older part of the facility, officials said, where there are few or no cameras.

Cameras in the newer part of the building recorded the chaos that unfolded after the shooting, Neronha said, but did not capture any video of the gunman.

The building is at the edge of campus, which allowed the suspect to escape into the College Hill residential neighborhood, where there are few cameras aside from doorbell ones.

“Unfortunately here, given location and given the age of the building, we just don’t have additional footage,” Neronha said on Tuesday.

In a social media post on Wednesday, President Donald Trump criticized Brown for not having more cameras in place, adding, “There can be no excuse for that.”

Brown has 1,200 security cameras, according to Brown University President Christina Paxson, who defended the school’s precautions and safety measures that were in place before the shooting at Tuesday’s press conference.

“Brown is deeply committed to the safety and security and wellbeing of our community, and I’ve been deeply saddened to see people questioning that,” Paxson said. “We understand that as time goes on there is maybe a natural instinct to assign responsibility for a tragic event like this…But the shooter is responsible.”

Kenneth Gray, a former FBI agent who is now a criminal justice professor at the University of New Haven, said it was possible the gunman chose the building and classroom in part because of the lack of cameras.

He said determining a motive might help the police break this case.

“Was it someone with a beef with Brown?” Gray said. “Was he a student, former student, and employee, a former employee? Why did he pick that target? That’s what police need to know.”

Neronha said on Tuesday that investigators have “zero” evidence related to motive.

Reporting by Rich McKay and Helen Coster; Writing by Joseph Ax; Editing by David Gregorio

EU carbon tax changes for metals are not enough, industry says

The European Commission earlier on Wednesday announced proposals to expand the scope of the CBAM – which will impose a carbon tax on Europe’s imports of steel, aluminium and a handful of other commodities

International News via Reuters:

Proposed changes to the European Union’s carbon border adjustment mechanism are a step in the right direction for Europe’s steel and aluminium sectors but not a complete solution, industry representatives said on Wednesday.

The European Commission earlier on Wednesday announced proposals to expand the scope of the CBAM – which will impose a carbon tax on Europe’s imports of steel, aluminium and a handful of other commodities from January 1 – to cover some downstream products with a high content of those metals, such as machinery and appliances, as well as some scrap.

In doing so, it took account of warnings from metal industry players in Europe about “carbon leakage” – or the risk that industries concerned about a loss of competitiveness would move operations outside the region to avoid the cost of its climate policies.

European steel association Eurofer said in a statement the proposals identified loopholes, but failed to deliver “a comprehensive and durable response to carbon and jobs leakage,” saying the number of downstream products included was “very limited”.    

“We stand ready to discuss further with the legislators how to make CBAM fully watertight,” Axel Eggert, Eurofer’s director general, said.

Norwegian aluminium producer Norsk Hydro was at the forefront of the lobbying for the expansion of CBAM to cover the downstream and scrap, saying that 35% of EU aluminium recycling capacity could close if remelted aluminium scrap entered the bloc free from a carbon levy. It said on Wednesday the inclusion of pre-consumer scrap was a “big step forward”.   

“However, post-consumer scrap  must also be added to the scope,” a company spokesman said. “Otherwise, half of the scrap loophole will remain open.”

Pre-consumer scrap refers to scrap metal generated during the manufacturing process before a product reaches the consumer, whereas post-consumer scrap refers to end-of-life metal such as aluminium beverage cans.    

Reporting by Tom Daly; editing by Barbara Lewis

Cassine champions ‘shop local’ push

Continuing our coverage of the festive collaboration among retailers, which aims to boost trade by encouraging residents to shop locally, we turn our focus today to Cassine on Reid Street.

Cassine, established in 2018, offers natural beauty and wellness products.
We spoke to co-founder Mia Chambray, who shared insights on this year’s beauty and gifting trends, what customers can expect in store this holiday season, and details about late-night shopping.

Britain to overhaul benchmark rules to cut industry burden

Industries such as commodity trading, foreign exchange, bond issuance and derivatives clearing rely on a wide range of benchmarks to help allocate capital and risk across the economy

International News via Reuters:

Britain plans to overhaul broad rules governing financial benchmarks to ease industry’s compliance burden and focus regulation only on benchmarks that pose significant risks to the financial system, the finance ministry said on Wednesday.

Industries such as commodity trading, foreign exchange, bond issuance and derivatives clearing rely on a wide range of benchmarks to help allocate capital and risk across the economy.

The FTSE 100 index, for example, tracks the largest listed companies on the London Stock Exchange and MSCI has a series of indices that focus on specific segments like large and mid-cap companies, or those with high ESG ratings. 

Currently, all benchmarks produced in the UK are regulated by the Financial Conduct Authority, but under the proposals, only benchmarks that pose systemic risks to UK financial markets will remain in scope, according to laid-out criteria. 

The finance ministry said the changes would shrink the number of benchmark administrators by 80% to 90%.

It is seeking industry feedback on the plans by March 11, 2026. 

The FCA said the reforms would allow it to build a regime more aligned with current market conditions and ease unnecessary burdens on the industry.

In May, the EU finalised revisions to its Benchmarks Regulation, which also saw the number of benchmarks subject to compulsory regulation slashed. 

Reporting by Phoebe SeersEditing by Frances Kerry

Princess rolls out its gift drive

The Hamilton Princess & Beach Club launched its inaugural Christmas Wish Breakfast Gift Drive in the Harbourview Ballroom, welcoming community members to donate new, unwrapped gifts in support of children aged two to eighteen. The festive event benefited the Gina Spence Programme, The Family Centre and Big Brothers Big Sisters of Bermuda. It featured a complimentary breakfast along with holiday music and entertainment. The Hamilton Princess & Beach Club’s General Manager Timothy Morrison, along with Public Relations & Reputation Manager Keisha Webb, told us more …

We also spoke with representatives from the charities set to receive donations from the Christmas Wish Breakfast Gift Drive. 
Each organization expressed its gratitude to the Hamilton Princess & Beach Club for including them, highlighting how meaningful the community’s generosity will be for the children and families they serve. 
They told us how initiatives like this not only provide much-needed support during the holiday season, but also strengthen partnerships that help create lasting impact across Bermuda.