Friday, October 30, 2026
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Google adtech fine on hold as EU awaits lower US car duties, sources say

Tariffs on cars were a big part of the negotiations that led to a trade deal between the United States and the European Union

International News via Reuters:

EU antitrust regulators have delayed fining Alphabet’s Google over its adtech business, while waiting for the United States to cut tariffs on European cars as part of a trade deal, three people with knowledge of the matter said on Tuesday.

Tariffs on cars were a big part of the negotiations that led to a trade deal between the United States and the European Union. 

The executive European Commission last week proposed to scrap tariffs on imported U.S. industrial goods and it expects an announcement soon from the United States on its promised cut in U.S. tariffs on European cars to 15% from 27.5%.

At the same time, U.S. President Donald Trump has threatened to retaliate against the EU for any push against Big Tech.

Google was told on Friday that EU antitrust chief Teresa Ribera would announce the fine on Monday but the announcement was not made and no explanation was given to the company, another source said.

One of the sources said the delay was not expected to last more than a month and three said it was caused by EU trade commissioner Maros Sefcovic asking questions about Ribera’s decision without commenting on the delay’s length. 

They asked not to be named because they were not authorised to speak publicly on the issue.

Germany’s Monopolies Commission called the delay to the announcement an alarming precedent for the independence of European antitrust enforcement.

“The protection of competition must not become a pawn of the Trump administration,” its chairman Tomaso Duso said in a statement.

European Commission spokesperson Arianna Podesta told a daily news conference the Google investigation is ongoing and declined to comment further.

Google also declined to comment.  

Google faces a modest fine for allegedly favouring its own advertising services over rivals following a four-year long investigation prompted by a European Publishers Council’s complaint, other people had told Reuters last week.

MLex was the first to report about the delay in the EU decision.

Reporting by Foo Yun Chee; editing by Barbara Lewis

Plea for help after landslide wipes out Sudan village, kills 1,000

A statement by the U.N.’s resident coordinator put the death toll at between 300 and 1,000, citing local reports

International News via Reuters:

An armed group that controls part of western Sudan appealed on Tuesday for foreign help in recovering bodies and rescuing residents from torrential rain, after it said at least 1,000 people were killed when a landslide buried a mountain village.

Only one person survived the destruction of the village of Tarseen in the mountainous Jebel Marra area of the Darfur region, said the Sudan Liberation Movement/Army.

SLM/A, which has long controlled and governed an autonomous portion of Jebel Marra, appealed to the United Nations and international aid agencies to help collect the bodies of victims, including men, women and children.

“Tarseen, famed for its citrus production, has now been completely levelled to the ground,” the group said in a statement. Continuing rains have made travel in the region difficult and could impede any rescue or aid efforts.

“Nearby villagers are overwhelmed with fear that a similar fate might befall them if the … torrential rainfall persists, which underscores the urgent need for a comprehensive evacuation plan and provision of emergency shelter,” the group’s leader, Abdelwahid Mohamed Nur, said in a separate appeal.

A statement by the U.N.’s resident coordinator put the death toll at between 300 and 1,000, citing local reports.

Nine bodies were recovered by volunteers, said Abdelhafiz Ali from the Jebel Marra Emergency Room, who noted that the village had hosted hundreds of people displaced by fighting.

The SLM/A has remained neutral in the battle between the main enemies in Sudan’s civil war, the Sudanese army and the paramilitary Rapid Support Forces. The two foes are fighting over control of al-Fashir, capital of North Darfur state, which is under siege from the RSF and has suffered famine.

Residents of al-Fashir and nearby areas have sought shelter in Jebel Marra, though food, shelter, and medical supplies are insufficient and hundreds of thousands have been exposed to the rains. Tawila, where most have arrived, is in the throes of a cholera outbreak, as are other parts of Darfur.

The two-year civil war has left more than half of Sudan’s population facing crisis levels of hunger and driven millions from their homes, leaving them especially exposed to the country’s damaging annual floods.

Sudan’s army-controlled government expressed its condolences and willingness to assist.

The prime minister of a newly-installed RSF-controlled rival government, Mohamed Hassan al-Taishi, said he would be coordinating with the SLM/A on the delivery of aid supplies to the area.

Pope Leo sent his condolences and said he was praying for those affected, according to a Vatican statement.

Reporting by Khalid Abdelaziz; writing by Enas Alashray and Nafisa Eltahir; editing by Andrea Ricci, Stephen Coates, Peter Graff and Mark Heinrich

UK pays high price to sell record 14 billion pounds of government debt

Britain has the highest inflation in the Group of Seven advanced economies as well as the highest government borrowing costs

International News via Reuters:

Britain sold a record 14 billion pounds ($18.9 billion) of new 10-year government bonds on Tuesday at the highest yield since 2008, after attracting over 141 billion pounds in orders from investors despite sterling heading for its worst day since June.

The UK Debt Management Office sold the 4.75% October 2035 gilt with a yield of 4.8786%, a premium of 8.25 basis points over the 10-year benchmark gilt that launched with a then-record volume of 13 billion pounds in February.

Shortly before the sale started at 0730 GMT, sterling slumped by more than 1% against the U.S. dollar and 30-year gilt yields hit their highest since 1998, as investors looked warily ahead to the government’s autumn budget plans.

Britain has the highest inflation in the Group of Seven advanced economies as well as the highest government borrowing costs – putting pressure on finance minister Rachel Reeves and likely requiring her to raise taxes again later this year.

Tuesday’s gilt syndication represented the biggest supply at a single event since the DMO began operations in 1998, but also the costliest 10-year borrowing since an auction in July 2008.

Total orders of 141.2 billion pounds were just short of the record 142.1 billion pounds received at February’s 10-year gilt syndication.    

“For the government, this creates a paradox – market confidence in UK debt is robust, but financing that debt is increasingly expensive, constraining budget flexibility,” said Lale Akoner, global market analyst at investment platform eToro.

Later in the day, the yield on 10-year gilts rose to its highest since January at 4.835%, up nearly 8 bps on the day but in line with U.S. Treasuries.

Britain has historically issued much longer-dated debt than other countries, due largely to demand from domestic company pension funds.

But changes in the pension landscape mean that demand has mostly gone and a global rise in the cost of 20- and 30-year debt has prompted the DMO to shift its 299 billion pounds of issuance this year more towards short- and medium-dated gilts.

The DMO said domestic investors accounted for 60% of demand – low compared to previous syndications of longer-dated gilts.

DMO Chief Executive Officer Jessica Pulay called the reception for the gilt “very strong” despite what she described as a “challenging global market backdrop”.

HSBC, J.P. Morgan, Lloyds Bank, Morgan Stanley, NatWest and UBS acted as joint leads on the transaction.

($1 = 0.7402 pounds)

Reporting by David Milliken; Editing by William Schomberg, Alex Richardson and Tomasz Janowski

Bermudian driver Dyer continues comeback at Croft 

Bermudian racing driver Donovan Dyer will continue his determined comeback to the circuit at the BRSCC 2025 Croft Autumn Race Weekend this weekend, September 6th and 7th. The event is a crucial step for Dyer, who has been working three jobs to chase his racing dream, which was put on hold by a major setback earlier this season.

Dyer, a passionate motorsport enthusiast since childhood, has been a strong contender for the top spot in the rookie class of the Kent Models Mazda MX-5 Championship. However, his season was derailed at a previous race weekend after a severe engine failure. The setback comes at a crucial time, and Dyer has launched a crowdfunding appeal to help him get back on the track and complete the season.

Despite the financial and technical challenges, Dyer has shown incredible resilience. He and his team successfully rebuilt his car’s engine, allowing him to return to the circuit in August, where he recorded a solid 13th-place finish. The Croft Autumn Race Weekend is the penultimate event of the 2025 BRSCC season, and Dyer will be looking to make up ground and push for a strong finish in the rookie class. His story of hard work, determination, and a refusal to give up on his dream has captured the attention of many in the racing community.

Spain’s government to assume up to $97 billion in regions’ debt

The idea was initially proposed as a sweetener for Catalonia as part of negotiations to form a government in late 2023

International News via Reuters:

The Spanish government announced plans on Tuesday to absorb as much as 83 billion euros ($97 billion) in debt held by regional administrations in a move aimed at freeing up more resources at a local level, Budget Minister Maria Jesus Montero said.

The idea was initially proposed as a sweetener for Catalonia as part of negotiations to form a government in late 2023 when Madrid offered concessions to the wealthy northeastern region that had unsuccessfully tried to secede in 2017.

“Less debt means more welfare state, this implies the regions will be able to dedicate more resources to these policies that are so important for equality,” she said.

The measure, however, faces challenges in parliament, where the leftist coalition government lacks a majority.

The move does not affect Spain’s overall public debt, which stood at 103.4% of gross domestic product as of June, as regions’ liabilities are already included in the calculation, Montero told a news briefing.

When the plan to absorb between 18% and 50% of individual regions’ liabilities was first announced in early 2025, Fitch Ratings said the move would be credit positive and could lead to some positive rating actions on regional debt.

The conservative opposition People’s Party, which runs several regions, has said it would oppose the bill as it rewards the more profligate regions.

Montero also said the government would soon submit to parliament the so-called stability path proposal that is the first step towards coming up with a budget bill for 2026, and that ministries had been told to submit their spending plans.

Spain has rolled over its 2023 budget twice without even presenting a bill in the fragmented lower house, where the government faces a balancing act in every vote as it weighs concessions to several parties from across the spectrum.

($1 = 0.8542 euros)

Reporting by Inti Landauro and Andrei Khalip; Editing by Ros Russell

Postponed Dudley Eve double-header rescheduled

The opening night of the Dudley Eve Trophy was unfortunately called off after a waterlogged pitch at the BAA Field forced the postponement of both scheduled matches. The decision was made by officials who deemed the surface unplayable, prioritizing player safety.

The double-header was set to feature St. George’s Colts and X-Road’s in the first match, followed by a highly anticipated clash between the PHC Zebras and the Devonshire Cougars. Both matches were abandoned before kick-off, to the disappointment of fans and players alike.

The Bermuda Football Association has now rescheduled the matches for Tuesday, September 2, 2025, with the venue moving to Bernard Park. The kickoff times will be 7:00 and 9:00 pm. This adjustment will ensure the teams can compete on a safe and suitable surface.

Students awarded overseas scholarships

The Department of Workforce Development is pleased to announce the recipients of the 2025 Overseas Undergraduate Scholarships. Six students were awarded $10,000 each to pursue studies in areas essential to Bermuda’s long-term workforce needs.

This year’s scholarships support students pursuing degree programmes in Political Science, Finance and Business Administration, Allied Health and Human Services, Hospitality and Tourism.

The Minister of Economy and Labour, Jason Hayward, JP, MP, stated, “These scholarships reflect the Government’s commitment to building a highly skilled workforce and ensuring that Bermuda remains well-positioned to meet future challenges. The recipients have demonstrated academic excellence, discipline, and dedication to serving their community. We congratulate them on their achievements and wish them every success in their studies.”

2025 Overseas Scholarship Recipients

  • Pjhae-don Douglas – BA (Hons) Accounting & Finance, Manchester Metropolitan University, UK
  • Sanjayah Ible Allwood – BSc Health and Social Care (Social Work), University of Greater Manchester, UK
  • Jahkaida Francis-Hollis – BSc Nursing, Howard University, USA
  • Yasmyne Smith – BA International Hospitality & Business Management, Manchester Metropolitan University, UK
  • Malaysia Roberts – BB Social Work with Minor in Psychology, Barry University, USA
  • Myeisha Sharrieff – BSc Finance, Howard University, USA

The Dame Jennifer Smith Scholarship

In addition to the Overseas Undergraduate Scholarships, the Department has reintroduced the Dame Jennifer Smith Scholarship.

Dame Jennnifer Smith served as Premier of Bermuda from 1998 to 2003, becoming the first woman to lead a political party to victory, guiding the Progressive Labour Party into Government, and the first female Deputy Speaker of the House of Assembly.

Valued at $10,000, this redesigned scholarship will inspire future generations to pursue excellence in Political Science, Public Policy and Administration, Communications or Education. These fields are central to Bermuda’s social, political, and economic development and reflect Dame Jennifer’s legacy of leadership and service to Bermuda.

The Department proudly announces Jayce Fraser as this year’s recipient of the Dame Jennifer Smith Scholarship. Ms. Fraser is pursuing a BA in Political Science at Clark Atlanta University, USA.

Ongoing Scholarship Support

In addition to this year’s awardees, the Department of Workforce Development continues to provide $10,000 scholarships to 21 students, pursuing undergraduate degrees in Canada, the United States, the Caribbean, and the United Kingdom.

Malika Cartwright, Director of the Department of Workforce Development, stressed that student success is key to Bermuda’s future stability and resilience, saying, “The Department of Workforce Development is proud to provide opportunities that support the academic and professional growth of Bermudians. These scholarships represent an investment in our island’s future, ensuring that our students are prepared to meet the demands of a rapidly evolving workforce. Each recipient has demonstrated excellence and determination, and we look forward to the positive impact they will make.”

Bermudian cyclists do well at Green Mountain Stage Race 

Kaden Hopkins and Nic Narraway concluded their campaigns at the Green Mountain Stage Race (GMSR) with impressive performances in the final Canaan Criterium. Both Bermudian riders finished with the same time as the stage winner, demonstrating their ability to compete at the highest level in the Men’s Pro/1/2 division.

The final stage was won by José Alfredo Rodríguez Victoria. Hopkins crossed the line in a strong sixth place, while Narraway finished 31st, a testament to their presence in the main bunch during the decisive finale.

In the overall standings, James Schurman was crowned champion with a combined time of 7:50:19. Narraway completed the race in an excellent 12th place overall, just 1 minute and 43 seconds behind the winner. Hopkins also secured a top-20 finish, closing out the event in 16th place overall, 2 minutes and 21 seconds adrift of Schurman. The results highlight the promising form of both riders as they now turn their attention to future events on the North American calendar.

Grant’s instant impact seals Gillingham victory

Nayan Grant and his Gillingham Academy teammates secured a solid 2-0 victory on the road against Cheltenham Town in their latest Youth Alliance fixture. The win was a testament to the young Gills’ defensive solidity and their ability to seize crucial opportunities.

Gillingham were already leading 1-0 when Grant was introduced from the bench in the 64th minute. The Bermudian made an instant impact, demonstrating his speed and skill just a minute later. A brilliant breakaway saw Grant sprint down the right wing, before delivering a precise cross to teammate Freddie Carruthers. The Cheltenham keeper spread himself well to make a good save, denying what would have been an instant assist for Grant.

The result is another positive one for the Gillingham Academy side, which has been in fine form early in the season. Grant’s ability to come off the bench and immediately influence the game will be a huge boost for his confidence and is a promising sign for his development within the club’s youth setup.

College launches Compliance Academy

Aim is to strengthen Bermuda’s regulatory expertise. The move comes as the island hosts its first Compliance Professionals Conference since 2018

(Hamilton, Bermuda — September 2, 2025) Bermuda College is set to launch a new academy aimed at supporting Bermuda’s businesses.

The Compliance Academy will launch this month in partnership with the Association of Bermuda Compliance Officers (ABCO), addressing the growing demand for education in compliance, governance, risk, and privacy.

In support of the launch, the second Bermuda Compliance Professionals Conference will be held on September 17 at the Bermuda Underwater Exploration Institute.

The conference will serve as a precursor to the Academy and will highlight key themes in compliance, governance, risk, and privacy, uniting industry leaders to tackle emerging regulatory challenges.

It is the first such conference held on the Island since 2018 and will bring together leading compliance, governance, risk, and privacy professionals from across the island’s various sectors, including financial services, non-profit, and governmental agencies.

This year’s theme, “Future Proofing Compliance – Building Resilience in an Evolving and Revolving Global Landscape,” will address current and future challenges facing the compliance industry, including AML/ATF compliance, corporate governance, risk, privacy, and technology.

Featured speakers include experts from both the local and international compliance industry and regulators. CPD credits will be available to participants on request.

The Compliance Academy will begin on September 24 and will be delivered virtually. It will feature local and international instructors with compliance expertise in regulatory compliance, risk, governance, and privacy.

Tawana Flood, Director of the Athora Division of Professional & Career Education (APACE), which is delivering the programme, said it was designed to serve a diverse group of participants — from new entrants to seasoned professionals seeking to enhance their knowledge.

“It will also address the growing importance of compliance in regulatory environments and help to support existing and new industries, such as digital finance.”

She added: “The Academy’s flexible structure will allow students to enrol in individual modules or the full programme, which includes four key areas: AML/ATF regulatory compliance, governance, risk, and privacy.”

Although not a formal certification programme, participants will receive certificates of attendance for each completed module.

Bermuda College President, Dr. David Sam, said the initiative was “timely and vital.”

“As Bermuda prepares for its upcoming international Mutual Evaluation by the Caribbean Financial Action Task Force and seeks to support emerging sectors such as data privacy and digital assets, the Academy will help ensure a knowledgeable and competent workforce to meet the demands of a growing profession and regulatory expectations.”

The partnership with ABCO is expected to be finalised this month (September). ABCO will support the programme’s development and promotion, while all operational aspects will be managed by Bermuda College.

Cheryl-Ann Mapp, an experienced compliance professional with more than 25 years of industry expertise and an executive member of ABCO, has been instrumental in leading the Academy’s development and will serve as conference chair.

Mrs. Mapp said: “Bermuda’s reputation as a well-regulated international financial centre depends on the strength and expertise of its compliance community.

“These opportunities respond directly to the industry’s need for qualified professionals and create a platform for Bermudians to engage meaningfully in this space through dialogue, learning, and collaboration.” Registration is now open for the Bermuda Compliance Professionals Conference at PTIX.bm. Early registration is encouraged as space is limited.

Registration for the Compliance Academy is open at: https://www.college.bm/images/documents/forms/Registration_form_SP2020_PACE.pdf

Opinion: Our environment is everyone’s future—let’s protect it together

NAB Third Sector Spotlight: Bermuda Environmental Sustainability Taskforce (BEST) 

Images supplied

By Kim Smith, Executive Director, Bermuda Environmental Sustainability Taskforce (BEST) 

When you look out of your window in Bermuda, the view may seem calm and beautiful. However, that beauty is in danger — from climate change, overdevelopment, plastic pollution, and weakened environmental protections. 

It’s easy to think that environmental issues are happening “somewhere else.” But the reality is, Bermuda is vulnerable—and so is our way of life. 

At BEST, we work to protect Bermuda’s land, sea, and air for today and for future generations. Born out of the ‘Save Southlands’ initiative in 2007, we serve as an environmental watchdog, advocate, and collaborator—responding to immediate threats while also pushing for long-term solutions. 

This isn’t just about nature. It’s about health, safety, and sustainability for all of us. 

Our planning and environmental systems are stretched thin. There are growing threats to green space, protected zones, and farmland. Critical government departments are understaffed, making it harder to enforce environmental laws and policies. 

Meanwhile, the effects of climate change—like hotter temperatures, stronger storms, and rising sea levels—are becoming more visible and more dangerous. 

We must act before these challenges increase, becoming more expensive to address. 

That’s why BEST is committed to raising public awareness. Through educational initiatives, media outreach, and policy advocacy, we’re reminding Bermuda that conservation isn’t a luxury—it’s a necessity. 

Our work for the year ahead includes: 

  • Advocating for national policies on climate change, water management, and food security. 
  • Pushing for long-overdue legislation on single-use plastics and pesticide safety 
  • Ongoing reviews of planning applications to protect agricultural and other conservation zones 
  • Collaborating with youth and educators through school programs like Environmental Whys. Collaborating with Bermuda College for the 8th year of Lunch and Learn presentations, which educate the general public about local environmental issues 
  • Keeping the focus on the opportunity to protect the Sargasso Sea as part of the UN High Seas Treaty 

We’ve also joined with other NGOs to form the Planning Applications Review Team (PART), which meets weekly to assess proposed developments and speak up when important land or marine zones are at risk. We continue to raise our voice in support of strong environmental protections. 

An indisputable fact is that all living things exist in the environment and cannot be separated from it. Inspired by the Parable of the River, we’re asking: What if we could go upstream—before the damage is done? Instead of just reacting to crises, we need policies, leadership, and public support that prevent harm in the first place. 

We need to ask deeper questions, share knowledge more widely, and advocate more boldly for policies that prioritise long-term environmental health over short-term gain. 

Whether you’re planting a tree, reviewing a development application, supporting climate legislation, or helping us reach the next generation, your voice matters. Protecting our environment is not just a job for experts—it’s a responsibility we all share. 

Join us. Support our work. Ask more questions. And help shape a more sustainable Bermuda for everyone. 

Learn more or donate at best.org.bm 


This op-ed is part of the Third Sector Spotlight Series, a collective media campaign coordinated by the Nonprofit Alliance of Bermuda. This campaign aims to raise awareness of the value, impact and contributions of Bermuda’s nonprofit sector.