Friday, October 30, 2026
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Hands-on experience for Fintech students from Berkeley

The Economic Development Department (EDD) approved a grant to give five Fintech students from The Berkeley Institute the opportunity to intern at Chubb and Paradise Mobile to gain real-life experience and to see how fintech, artificial intelligence (AI) and digital technology improve the company’s effectiveness and efficiency in the workplace. The students include Musa Abdul-Jabbar, Shiloh Cruickshank, Natalia Dill, Zane Furbert-Tankard, and Dunnajai O’Mara.

Premier David Burt, JP, MP stated, “When the Minister of Education, the Hon. Crystal Caesar, and I visited The Berkeley Institute, we saw these students present fintech solutions that were practical and forward-thinking. Now, through their internships at Chubb and Paradise Mobile, five of them are building on that work, applying their skills to real projects, and gaining insight into how technology is shaping industries. These are the types of experiences that we want our young people to engage in to shape Bermuda’s digital future. This government is proud to invest in initiatives that create opportunities for young Bermudians. I thank the Economic Development Department for providing the grant that made this invaluable learning experience possible for these students.”

Minister of Education, the Hon. Crystal Caesar, JP, MP stated, “In June, I spoke about preparing our students for jobs that do not yet exist. Seeing these young people now take what they have learned in the classroom and apply it in professional environments is what Signature Learning is all about, equipping our students with the skills, adaptability, and vision to thrive in the future.”

(Educator) Ms. Dee-AH Iris, Fintech Instructor at The Berkeley Institute, stated, “This is just one of the ways that Premier Burt and our government is keeping their commitment to ensuring that our young Bermudians advance in the Fintech, Artificial Intelligence (AI), and Digital Technology fields.”  In the fall of last year the Economic Development Department was instrumental in the roll out of the Bermuda Coders initiative, making available multiple online courses in Digital Technology and Coding to both students and teachers. Berkeley’s Fintech students had 100% successful completion of the AI Fundamentals Certification.

At Paradise Mobile, the students received a comprehensive overview of their operations, including sessions on their vision and operating model, marketing approach, customer engagement processes, product strategy, and network operations. They also had the opportunity to shadow customer support and sales processes, observe frontline teams in action, and engage in discussions on how we design and deliver our services to customers in Bermuda.  They have also been given hands-on practical project management experience.  Nico Gonzalez, Chief Digital Officer at Paradise Mobile, “At Paradise Mobile, we’re deeply committed to supporting young Bermudian talent and helping to build a tech-savvy local workforce for the future. It’s been a pleasure working with such creative and driven students this summer and we’re excited to see how they’ll continue to innovate and grow. We wish them all the best in their future endeavours and look forward to seeing the impact they’ll make on Bermuda’s digital landscape.”

Natalia Dill, Intern at Paradise Mobile, “My summer internship at Paradise has been a truly rewarding and transformative experience. It opened my eyes to new fields, particularly within the tech industry-that I had never considered before. I had the opportunity to gain hands-on experience and develop valuable skills across several departments, from sales, technology, and marketing. The knowledge and growth I’ve gained here have made a lasting impact, and I’ll carry these lessons with me well beyond my time at Paradise.”

At Chubb, the students have been learning about Chubb’s digital business, which focuses on leveraging technology to enhance insurance offerings and improve customer experience across the globe. They have each built out insurance propositions which included a pitch deck, marketing plan, and rating algorithm for a sample eCommerce or Fintech platform addressing 3 audiences: the customer, the merchant/seller, and the platform itself.  They’ve also been competing with the other interns on a Business Simulation, where they’re acting as the CEO for a digital insurance company, attempting to grow revenue, limit losses, and manage expenses by making strategic decisions in the face of adverse events. Patrick, “I was very impressed with the strategies that both Shiloh and Zane researched and implemented during the simulation. After four rounds which included several natural disasters, political unrest, and a world-wide cyber-attack, Zane is currently in the lead due to effective investments in risk management, reinsurance, and cyber security.” By the end of the summer, the students will have had the opportunity to explore new technologies and gain exposure to actuarial, claims, legal, and underwriting disciplines.

As stated by Maryem Biadillah, Acting Director of the EDD, “The EDD is pleased to find ways to create pathways for young Bermudians to thrive in today’s technology-driven economy. Programmes like this internship give students practical exposure to real-world applications of emerging tech, ensuring that they develop the skills, confidence, and networks to not only compete, but also lead. In doing so, we strengthen Bermuda’s position as a hub for innovation and opportunity.”

Tropical storm watch in effect as Hurricane Erin heads north

The Bermuda Weather Service expect to upgrade the forecast to a Tropical Storm warning later today or tonight

Hurricane Erin pictured in the Atlantic Ocean as of Wednesday morning. Photo: NOAA/Bermuda Weather Service

A tropical storm watch is currently in effect as forecasters track Hurricane Erin.


The Bermuda Weather Service forecasts that Erin will be at its closest – 320 nautical miles to the North West of the island – on Thursday at 10pm, though this forecast is subject to change.


The BWS could upgrade to Tropical Storm Warning later today or tonight.


The Cat 2 system is currently tracking 486 nautical miles to our West South West, packing maximum winds of 85 knots with gusts to 105 knots.


Starting tomorrow, we could see tropical storm force winds, with life-threatening storm surges at sea.

“Seas continue to build – possible peaking near 12ft tonight – while hazardous swells and rip currents continue to develop from the south ahead of Hurricane Erin,” according to the BWS.


Acting National Security Minister Jache Adams this week said business will remain as normal – but he urged residents to make storm preparations.


A full Storm-Season Energy Checklist – a practical reference guide that aims to help households navigate the storm with greater security and affordability – can be found online at bbc.bm.

Opinion: Treating addiction as a public health priority 

NAB Third Sector Spotlight: Focus Counselling Services 

Images supplied

By Leslie Grant, Executive Director, Focus Counselling Services 

Substance use disorder is one of Bermuda’s most urgent—and most under-addressed—public health crises. It destabilizes families, burdens health and justice systems, and leaves communities fractured. Yet we continue to treat it primarily through a criminal justice lens, focusing on punishment over prevention and incarceration over care. 

One in three Bermudian households report living with someone who misuses alcohol or drugs. According to the Council on Alcohol and Drug Abuse (CADA), roughly 75% of Bermuda’s road fatalities are linked to substance use. These are not just statistics – they are symptoms of deeper trauma, unaddressed mental health needs and system failures that impact us all. 

At Focus Counselling Services, we stand on the front lines of addiction recovery. Every day, we meet individuals who want to heal, parents desperate to protect their children and families searching for hope. We meet people who’ve been turned away from support because of stigma, criminal records, or lack of resources – and yet they still return, still try, still fight for a second chance. 

Addiction is not a moral failing. It is a chronic, treatable health condition, often rooted in Adverse Childhood Experiences (ACEs), trauma, and systemic inequality. Treating it as a moral failing or criminal issue only deepens the damage. But when we treat it with science, compassion and consistency, recovery becomes not just possible – it becomes powerful. 

Evidence shows that for every dollar spent on addiction treatment, up to eleven dollars are saved in health and justice system costs. The return on investment is clear. This is not only a compassionate approach, but also fiscally responsible leadership. 

To truly address addiction, Bermuda must lead with courage, connection and community-wide action. That means: 

1. Ending the Stigma 

 Stigma kills. It keeps people silent and prevents them from accessing care. By promoting understanding and empathy, we can replace shame with support. 

2. Investing in Prevention 

 Early intervention matters. We must invest in youth programming, mental health education, and safe, supportive environments that reduce risk factors and strengthen resilience. 

3. Expanding Access to Care 

 Treatment options must be trauma-informed, inclusive, and accessible to all. From outpatient counselling to long-term sober living and wraparound support, people must be able to get help when they need it, without shame or delay. 

Supporting Reintegration 

Recovery doesn’t end with discharge. We must ensure those in recovery can access housing, employment, education, and community support. Reintegration is a key part of lasting healing. 

Focus Counselling Services has provided compassionate, evidence-based addiction support since 1994. Today, we are scaling up. Our new Root & Rise initiative blends evidence-based treatment, job training, environmental stewardship and community empowerment, all rooted in sustainability and healing. We are also expanding our youth programming and forging partnerships across the helping sector to ensure long-term impact.  

Recovery is not a linear path. It takes time, patience, and collective effort. But every person who heals from addiction strengthens our island. They become mentors, parents, workers and leaders. They carry our community forward. 

We call on Bermuda’s government to prioritize addiction in health and social policy. We ask employers to offer fair chance hiring. We urge schools and churches to speak openly about addiction and foster healing spaces. And we invite you – to learn more, donate, volunteer or simply offer someone the benefit of belief. 

Because Bermuda cannot rise while addiction continues to pull us down. But with compassion, commitment, and community – we can heal, and rise. Together. 

To support our work or learn more about Focus Counselling Services and the Root & Rise initiative, visit www.focus.bm or contact us at 296-2196 / info.focus@focus.bm. 


Dollar steady before Jackson Hole, kiwi drops on dovish RBNZ

The dollar index, which measures the U.S. currency against six others, was flat at 98.319, after earlier touching a more than one week high of 98.441

International News via Reuters:

The U.S. dollar was little changed on Wednesday as traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium later this week for clues on the monetary policy path.

The New Zealand dollar tumbled after the central bank reduced its cash rate by a quarter point to 3.0% as expected, and said its board had also considered a half-point cut.

The dollar index, which measures the U.S. currency against six others, was flat at 98.319, after earlier touching a more than one week high of 98.441.

Friday’s speech by Powell is the market’s main focus, as traders watch for any pushback against market pricing of a rate reduction at the Fed’s September 16-17 meeting.

Traders now place odds of about 85% on a quarter-point cut next month and expect about 54 basis points of reductions by year-end.

“Powell will try to be fairly balanced, but there is a risk we see a hawkish Powell on Friday,” said Kirstine Kundby-Nielsen, FX analyst at Danske Bank.

“Some of the developments we’ve seen in inflation dynamics will keep the Fed more cautious.”

Traders, who ramped up bets for Fed cuts after a surprisingly weak U.S. payrolls report at the start of this month, were further encouraged after consumer price data showed limited upward pressure from tariffs.

However, a hotter-than-expected producer price reading last week complicated the policy picture.

Powell has said he is reluctant to cut rates because of expected tariff-driven price pressures this summer.

Later on Wednesday, the Fed will issue the minutes of its meeting on July 29 and 30, when it held rates steady, although they may offer limited insight as the meeting came before the weak jobs numbers.

The kiwi slumped as much as 1.3% to $0.5815, its weakest since April 11, with policymakers lowering their projected floor for the cash rate to 2.55%, from 2.85% forecast in May.

“The market did not expect the bank to send a strong dovish signal that it intends to deliver further cuts,” Prashant Newnaha, a rates strategist at TD Securities, wrote in a client note. He has increased his forecast for additional easing, now projecting a cash rate of 2.5% by November.

The Swedish crown was steady after its central bank maintained its policy rate at 2%, in line with expectations.

The euro eased 0.1% to $1.1636. The greenback advanced 0.1% to 0.8078 Swiss franc, though it edged down 0.1% to 147.61 yen.

The pound rose slightly against the euro and dollar after hotter-than-forecast inflation, leaving Britain with the biggest price growth problem amongst the world’s big rich economies.

But much of the rise in services inflation was driven by volatile airfares, which some economists said was due to the timing of the school holidays.

“The BoE (Bank of England) is more concerned about food inflation, which hasn’t changed much in today’s release,” ING’s head of research Chris Turner said.

“We doubt today’s CPI release will alter much of the BoE’s current thinking.”

In cryptocurrencies, bitcoin hovered at around $113,897 after earlier dipping to the lowest since August 3 at $112,578.38, pressured by a strengthening dollar.

Ether was up 1.8% at $4,234.

Reporting by Samuel Indyk and Kevin Buckland. Editing by Sam Holmes and Mark Potter

Oil firms as investors await next steps in Ukraine peace talks

Crude fell more than 1% on Tuesday on optimism that an agreement to end the war seemed closer

International News via Reuters:

Oil rose on Wednesday as the American Petroleum Institute reported a drop in U.S. crude inventories and investors awaited the next steps in talks to end the Ukraine war, with sanctions on Russian crude remaining in place for now.

Crude fell more than 1% on Tuesday on optimism that an agreement to end the war seemed closer. However, U.S. President Donald Trump conceded that Russian President Vladimir Putin might not want to make a deal.

Brent crude futures rose 55 cents, or 0.8%, to $66.34 a barrel by 0812 GMT. U.S. West Texas Intermediate crude futures for September delivery, set to expire on Wednesday, gained 65 cents, or 1%, to $63.

“(It) seems oil prices are thrown down one day, followed by a rebound the next day. The API report was on the positive side, so I assume some price support is coming from that,” said Giovanni Staunovo, an analyst at UBS.

Crude stocks fell by 2.42 million barrels, market sources said on Tuesday, citing American Petroleum Institute figures, ahead of official data at 1430 GMT.

“Not so sure about the peace deal – will have to see if something moves forward over the coming days,” Staunovo added.

Trump said on Monday he was arranging a meeting between Putin and Ukrainian President Volodymyr Zelenskiy to be followed by a trilateral summit among the three presidents.

Russia has not confirmed it will take part in talks with Zelenskiy.

“The likelihood of a quick resolution to the conflict with Russia now seems unlikely,” said Daniel Hynes, senior commodity strategist at ANZ, in a note on Wednesday.

Oil also found support from flooding at a large U.S. refinery.

BP said on Tuesday operations at its 440,000-barrel-per-day refinery in Whiting, Indiana, were affected by flooding after a severe thunderstorm, potentially weighing on crude demand at the facility – a key fuel producer for the Midwest market.

Additional reporting by Colleen Howe in Beijing and Jeslyn Lerh in Singapore; Editing by Helen Popper

Pakistan’s Karachi hit by torrential rain and floods

The monsoon has brought havoc across Pakistan in recent days with the death toll from flash floods that struck the mountainous northwest on Friday rising to 377

International News via Reuters:

Pakistan declared a public holiday in Karachi on Wednesday as the financial capital braced for more rain, after the arrival of the annual monsoon season left at least 7 people dead and caused widespread flooding, officials said.

The monsoon has brought havoc across Pakistan in recent days with the death toll from flash floods that struck the mountainous northwest on Friday rising to 377.

In Karachi, at least seven people have died since the rains began in the southern port city on Tuesday, said Abdul Wahid Halepoto, a provincial government spokesperson. Rainfall reached levels not seen in years in some parts of the city, Pakistan’s largest, with a population of more than 20 million.

Authorities ordered educational institutions and offices to shut.

“We are expecting more intense rains,” said Anjum Nazir, a spokesperson for the provincial meteorological department.

Tuesday’s rain was recorded between 80 mm (3.15 inches) and 178 mm (7.01 inches) in different parts of the city, he said.

Nazir said the area around the airport received 163.5 mm of rain, the highest recorded there since 1979. Some 178mm of rain was recorded in the northeast of the city, the highest since the weather station there was set up five years ago.

The rain also disrupted power, mobile phone services and flights, officials said. Local television footage showed cars and other vehicles floating down streets, with houses submerged in water.

Rescue workers, police, volunteers and government civic agencies were helping relief efforts, the city’s Mayor Murtaza Wahab told local Geo News television.

“We have all our resources at work,” he said.

Wahab said the rain had overwhelmed the city’s infrastructure.

There have also been heavy monsoon rains in Mumbai, India’s financial capital, with some parts of the city drenched with as much as 875.1 mm of rain in the five days leading up to August 20, the local weather department said.

Many schools in the city were closed for a second straight day on Wednesday, while train services were disrupted.

    Authorities requested residents avoid venturing out as more rain was predicted. 

Reporting by Ariba Shahid and Asif Shahzad in Islamabad and Shilpa Jamkhandikar in Mumbai; Writing by Asif Shahzad; Editing by Kate Mayberry

US-EU trade deal not far from ECB’s baseline forecast, Lagarde says

The EU accepted 15% tariffs on most items in the deal agreed last month

International News via Reuters:

The trade deal between the U.S. and the EU is close to the baseline assumed by the European Central Bank, but uncertainty persists in key sectors like pharmaceuticals and semiconductors, ECB President Christine Lagarde said on Wednesday.

The EU accepted 15% tariffs on most items in the deal agreed last month, averting an all-out trade war and providing businesses greater clarity, even if the new barriers slow economic growth.

“The trade deal establishes an effective average tariff estimated to lie between 12% and 16% for U.S. imports of euro area goods,” Lagarde said in Geneva.

“This effective average tariff is somewhat higher than – but still close to – the assumptions used in our baseline projections last June,” she said. “The outcome of the trade deal is well below the severe scenario for U.S. tariffs of over 20%.”

The ECB’s baseline projection assumes economic growth of 1.1% next year while the “severe” outcome would have lowered this to 0.7%, the ECB’s June projections show.

The U.S.-EU trade deal is still likely to weigh on economic growth, Lagarde added, saying a long-predicted slowdown was already evident in second-quarter economic data.

The EU, which has always relied on extensive foreign trade for growth, should now diversify its trade with other nations to maintain growth and offset the negative impact of tariffs, Lagarde said.

“While the United States is – and will remain – an important trading partner, Europe should also aim to deepen its trade ties with other jurisdictions, leveraging the strengths of its export-oriented economy,” she said.

Reporting by Balazs Koranyi;Editing by Alison Williams and Helen Popper

UK house prices rise 3.7% year-on-year in June

House price inflation reached its highest in more than two years at 5.5% in March

International News via Reuters:

British house prices in June were 3.7% higher than a year earlier, up from an annual increase of 2.7% in May, the Office for National Statistics said on Wednesday.

House price inflation reached its highest in more than two years at 5.5% in March ahead of the expiry of a tax break on many property purchases.

Private-sector rents were 5.9% higher than a year earlier in July, down from 6.7% in June and the smallest annual increase since January 2023.

Reporting by David Milliken; Editing by Sachin Ravikumar

Pope Leo calls for day of fasting, prayers for peace in Ukraine on Friday

Leo suggested the faithful could ask God to “grant us peace and justice and to wipe away the tears of those who suffer because of the ongoing armed conflicts.”

International News via Reuters:

Pope Leo has asked Catholics and other religious faithful to observe a day of fasting and prayers for peace in Ukraine and other war-torn countries on Friday, August 22.

“As our Earth continues to be wounded by wars in the Holy Land, in Ukraine, and in many other regions … I invite all the faithful to live the day of August 22 in fasting and prayer,” the pontiff said during his weekly audience at the Vatican on Wednesday.

Leo suggested the faithful could ask God to “grant us peace and justice and to wipe away the tears of those who suffer because of the ongoing armed conflicts.”

Reporting by Joshua McElwee, editing by Gavin Jones

Member of Irish rap group Kneecap appears at UK court on terrorism charge

Liam Óg Ó hAnnaidh whose stage name is Mo Chara, is alleged to have waved the flag of the banned militant group Hezbollah during a Kneecap gig

International News via Reuters:

A member of Irish rap group Kneecap was welcomed by hundreds of supporters as he arrived at a London court on Wednesday, charged with a terrorism offence for allegedly displaying a flag in support of Iran-backed Lebanese militia Hezbollah.

Liam Óg Ó hAnnaidh, who was initially charged under the Anglicised name Liam O’Hanna and whose stage name is Mo Chara, is alleged to have waved the flag of the banned militant group Hezbollah during a Kneecap gig in London in November 2024.

The 27-year-old was charged in May under the Terrorism Act, under which it is a criminal offence to display an article in a way which arouses reasonable suspicion that someone is a supporter of a proscribed organisation.

Wednesday’s hearing at Westminster Magistrates’ Court is expected to deal with Óg Ó hAnnaidh’s argument that the charge was brought too late and should be thrown out, failing which he is likely to formally enter a plea.

Belfast-based Kneecap, who rap in Irish and English and regularly display pro-Palestinian messages during their gigs, previously said the flag had been thrown on stage and described the charge as an attempt to silence them.

The group – who rap about Irish identity and support the republican cause of uniting Northern Ireland with the Republic of Ireland – have been increasingly vocal about the war in Gaza since Óg Ó hAnnaidh was charged.

Kneecap led a 30,000-strong crowd at Glastonbury Festival in June in chants against Prime Minister Keir Starmer and accused Israel of committing war crimes in Gaza, which Israel denies.

Reporting by Sam Tobin; Editing by Kate Holton

European equities retreat from 5-month high as tech, defence shares drag

Britain’s blue-chip FTSE 100 dipped 0.2%, after data showed UK inflation rose to 3.8% in July, its highest since early 2024

International News via Reuters:

European equities slipped on Wednesday, retreating from a five-month closing high, after tech stocks tracked dour performances of their Wall Street peers and the defence sector faced pressure for a second day.

The pan-European STOXX 600 index was down 0.2%, as of 0830 GMT, with most major bourses trading in losses.

Britain’s blue-chip FTSE 100 dipped 0.2%, after data showed UK inflation rose to 3.8% in July, its highest since early 2024 and in line with the Bank of England’s expectations.

Shares of European defence-linked companies dropped 0.6%, after suffering their worst day in more than a month in the previous session on expectations of a Ukraine peace deal.

U.S. President Donald Trump said Washington might provide air support to Ukraine as part of a peace deal, but ruled out putting troops on the ground.

European leaders weighed additional sanctions to ramp up pressure on Russia in a bid to end the war in Ukraine, the British government said.

Tech stocks fell 0.4% a day after U.S. counterparts tumbled on concerns over an AI stock bubble and uncertainty around the interest rate outlook, particularly with Federal Reserve Chair Jerome Powell and other major central bank heads set to speak at the Jackson Hole summit later this week.

“We had a very strong rally for a good three or four months. Stocks are very close to all-time highs and it’s natural we have some kind of risk reduction and potential profit-taking,” said Marija Veitmane, head of equity Research at State Street.

“Tech stocks had a very strong run and we’re getting close to the Jackson Hole meeting … so investors are kind of positioning for that.”

Meanwhile, European Central Bank President Christine Lagarde said the trade deal between the EU and U.S. despite being somewhat higher is not far from the baseline assumed by the ECB.

The Swedish central bank kept interest rates steady as expected, while saying it expects some probability of a rate cut later this year.

The outlook for European corporate health has slightly worsened, the latest earnings forecast showed on Tuesday, with companies expected to report 4.6% growth in the second quarter on average, below last week’s expectations of a 4.8% rise, according to LSEG I/B/E/S data.

Mining stocks were the top laggards, with Anglo American, Rio Tinto and Antofagasta falling between 1% and 2%.

Alcon slumped 9.4%, after the Swiss-American eye-care group cut its 2025 net sales forecast on expected impact of U.S. tariffs.

British medical equipment maker Convatec announced a $300 million share buyback program, sending its shares up 7.2% to the top of the STOXX index.

Reporting by Twesha Dikshit and Sruthi Shankar in Bengaluru; Editing by Sherry Jacob-Phillips and Shilpi Majumdar