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Flash floods in New Mexico resort town kill three, trap dozens in homes and vehicles

Emergency teams organised by local law enforcement and the National Guard conducted at least 85 swift-water rescues

International News via Reuters:

Torrential rains triggered flash floods in New Mexico that killed at least three people on Tuesday, including two young children, and trapped dozens in homes and vehicles in the resort village of Ruidoso, a state emergency official and a village statement said.

The children, aged four and seven years old, and a man were swept downstream and later found dead, the mountain resort village said late Tuesday on its website, adding that rescue operations were underway.

Dramatic video footage on social media and various news outlets showed an entire house, ripped from its foundations, careening downstream through the brown, muddy waters of the flood-engorged Rio Ruidoso, side-swiping trees as it went.

“I’ve seen the video. We don’t know if anyone was in the house,” said Danielle Silva, a spokesperson for the New Mexico Department of Homeland Security and Emergency Management.

Emergency teams organised by local law enforcement and the National Guard conducted at least 85 swift-water rescues in and around Ruidoso, many of them people stranded in cars and homes by elevated flood waters, Silva said.

Silva said the river had quickly risen by a provisional record of 20.24 feet (6.2 metres) at the peak of the flood, and as waters began to recede in the evening, authorities began searching for survivors in the debris.

The latest floods come just four days after a deadly flash flood triggered by heavy rains along the Guadalupe River killed at least 109 people and left scores missing after ravaging a swath of Texas Hill Country.

In New Mexico, Silva said the severity of the debris flow was heightened by a flame-scarred landscape stripped of vegetation in a wildfire which was then followed by flooding that eroded the soil.

Ruidoso, a popular summer retreat as well as ski resort nestled in the Sierra Blanca mountain range of south-central New Mexico, is located about 115 miles (185 km) south of Albuquerque, the state’s largest city.

Reporting by Steve Gorman in Los Angeles; Additonal reporting by Nilutpal Timsina; Editing by Michael Perry and Bernadette Baum

Pope Leo interrupts vacation to appeal for action on climate change

Leo, who was elected on May 8 to replace the late Pope Francis, said the world was experiencing an “ecological crisis”

International News via Reuters:

Pope Leo interrupted a two-week vacation on Wednesday to celebrate a special Mass exhorting Catholics to exercise care for creation, in the Vatican’s second major appeal in a week for the world to address global climate change.  

“Today … we live in a world that is burning, both because of global warming and armed conflicts,” the pontiff said in a small outdoor ceremony in Castel Gandolfo, an Italian hill town about an hour’s drive from Rome where he is spending his holiday.

“We have to pray for the conversion of many people … who still do not see the urgency of caring for our common home,” said the pontiff.

Leo, who was elected on May 8 to replace the late Pope Francis, did not mention specific natural disasters caused by global warming but said the world was experiencing an “ecological crisis”.

The new pope said the 1.4-billion-member Church was committed to speaking about the issue, “even when it requires the courage to oppose the destructive power of the princes of this world”.

The Mass included a prayer for victims of the flash flooding in Texas, where at least 109 deaths had been reported as of Tuesday.

Leo, the first U.S. pope, celebrated Wednesday’s Mass according to a new Catholic rite that exhorts people to care for creation, first published by the Vatican on July 3 in its latest push to address climate issues. 

Cardinal Michael Czerny, a senior Vatican official who helped to organise the Mass, told Reuters that Leo’s decision to interrupt his vacation was a sign of the importance the new pope will place on environmental matters.

“By offering this Mass … at the beginning of his holiday, Pope Leo is giving a beautiful example of thanking for God’s great gift and praying that the human family learns to care for our common home,” said Czerny.

GARDEN MASS

Francis, who died on April 21, was also a firm proponent of care for creation. He was the first pope to embrace the scientific consensus about climate change and urged nations to reduce their carbon emissions in line with the 2015 Paris climate accord.

Leo is reviving a centuries-old tradition of popes taking holidays in Castel Gandolfo with a July 6-20 vacation in the sleepy hill town of about 8,900 residents on the shores of Lake Albano.

Residents told Reuters earlier this month they hope Leo’s visit will help boost tourism, with visitors coming to take part in public religious celebrations with the pope on July 13 and 20.

Wednesday’s Mass was held in the 55-hectare gardens of the papal villa, which Francis opened to visitors and turned into an ecological institute. 

The ceremony included several senior cardinals and about 50 staff members of the villa, gathered in front of a statue of Mary among tightly trimmed hedges in the garden.

Reporting by Joshua McElwee; Editing by Sharon Singleton

UK banks can increase riskier mortgage lending, BoE says

The BoE said the move should allow more first-time buyers to get a mortgage

International News via Reuters:

British banks and building societies will be able issue more mortgages at high loan-to-income levels, the Bank of England said on Wednesday.

Individual lenders will now be able to have more than 15% of their lending at a high LTI ratio, although the sector as a whole will continue to have a 15% cap, the BoE said.

The BoE said the move should allow more first-time buyers to get a mortgage, although it added that lenders’ deposit requirements were a bigger barrier for most borrowers.

The loosening of the cap on lending to riskier borrowers comes after a call by Britain’s Labour government for regulators to look for ways to encourage economic growth, without risking the stability of the financial system.

The loan-to-income limit was introduced in 2014 as part of measures to discourage excessively risky mortgage lending by banks which contributed to the 2008 global financial crisis.

Lenders have since become better capitalised and introduced more stringent checks on borrowers.

The regulators’ rules define riskier mortgages as those with a loan value above 4.5 times the borrower’s income. The BoE said banks’ unwillingness to risk a breach of the 15% cap on such loans meant individual lenders had stayed well below the threshold, constraining growth of the mortgage market.

Banks’ aggregate share of high loan-to-income lending hit 9.7% in the first quarter, the BoE said, meaning few individual lenders were in any case likely to reach the 15% aggregate sectoral limit.

Allowing some individual lenders to go above that threshold would likely only lead to an overall share of such riskier lending hitting 11% by the end of 2025, the BoE said.

The BoE will also refresh its assessment of banks’ overall capital requirements and update the market on that at its next financial stability report in December, it said, the first such review in five years.

However, the BoE noted that it currently judged the overall level of capital in the system to be “broadly appropriate”.

Reporting by Lawrence White and David Milliken

Tuesday Sports Round-Up

Bermuda’s athletes shine on the global stage

On the courts, the sand, and the open seas Bermuda’s athletes continue to make their mark both at home and on the international stage.

Warwick power outage after circuit fault

Two circuits tripped while BELCO performed planned works in Paget, causing 1,700 customers to lose power

BELCO crew seen working today in Warwick (photo from social media)

More than 1,700 BELCO customers in Warwick lost power around 2pm this afternoon, after two circuits were tripped.

The fault appears to be linked to planned maintenance works in Paget.

Around 6:20pm, Shelly Leman, BELCO Managing Director of TD&R, told Bermuda Broadcasting that “BELCO was undertaking planned maintenance works today in Paget when two circuits tripped causing an outage to approx. 1,700 customers in parts of Warwick.”

“BELCO crews immediately commenced efforts to locate the source of the fault while back-feeding sections of the circuits to bring customers back onto supply.”

“Approximately half of the customers had power restored within an hour, with several hundred brought back online shortly thereafter.”

“At this time, crews remain onsite working to restore power to the remaining 550 customers in the Khyber Pass area as quickly and safely as possible.”

“Updates on outages are available on www.belco.bm and BELCO’s social media pages. We thank you for your patience as our team works to restore every customer.”

Bermuda Tonight – 08 July 2025

In tonight’s news at 7pm…

  • Man arrested for allegedly aiding a suspect wanted by police
  • Premier at CARICOM meeting; full membership agreement being drafted
  • BELCO Director says going ‘off-grid’ could raise energy rates
  • Environmental groups push back on Southlands plans

Oil prices edge up to two-week high on lower US output forecast, positive US economic news

Trump’s tariffs have raised uncertainty across the market and concerns that they could have a negative effect on the global economy and oil demand

International News via Reuters:

Oil prices edged up to a two-week high on Tuesday as positive U.S. economic news, lower U.S. oil production and rising demand for oil products countered OPEC+ output increases and worries U.S. tariffs could reduce energy demand.

Brent crude futures rose 88 cents, or 1.3%, to $70.46 a barrel at 1:07 p.m. EDT (1707 GMT), while U.S. West Texas Intermediate (WTI) crude rose 75 cents, or 1.1%, to $68.68.

That put both crude benchmarks on track for their highest closes since June 23 for a second day in a row.

U.S. consumers’ outlook on inflation was little changed last month as households upgraded their views on the state of their finances and ability to get credit, according to a report released on Tuesday by the New York Federal Reserve.

Central banks like the U.S. Fed use interest rates to keep inflation in check. Lower interest rates can spur economic growth and demand for oil by reducing consumer borrowing costs.

The U.S. will produce less oil in 2025 than previously expected as declining oil prices have prompted U.S. producers to slow activity this year, according to the latest U.S. Energy Information Administration outlook.

In Asia, meanwhile, powerhouse economies Japan and South Korea said on Tuesday they would try to negotiate with the U.S. to soften the impact of sharply higher tariffs that U.S. President Donald Trump now plans to impose from the start of August.

Trump ramped up his trade war again on Monday, telling 14 nations that they would face tariffs ranging from 25% for countries including Japan and South Korea, to 40% for Laos and Myanmar.

Trump’s tariffs have raised uncertainty across the market and concerns that they could have a negative effect on the global economy and oil demand.

In Germany, the biggest economy in Europe, exports fell more than expected in May, data showed on Tuesday, as demand from the U.S. dropped for the second consecutive month due to the impact of tariffs.

OPEC+ UNWINDING OUTPUT CUTS

While prices seem to be pressured by OPEC+ unwinding its voluntary output cuts, tightness in middle distillates and Houthi attacks on cargo ships are supporting the market, said Janiv Shah, an analyst at energy consultancy Rystad Energy.

Energy traders noted rising prices for U.S. gasoline and diesel in recent weeks have boosted the diesel crack spread to its highest since March 2025 and the 3:2:1- crack spread to its highest in six weeks. Crack spreads measure refining profit margins.

“The energy complex appears well supported as underscored by its ability to not only shrug off the larger than expected OPEC production intentions for next month but to advance … yesterday in the face of the OPEC headlines,” analysts at energy advisory firm Ritterbusch and Associates said in a note.

On Saturday, the OPEC+ group comprising the Organization of the Petroleum Exporting Countries (OPEC) and its allies, like Russia, agreed to raise production by 548,000 barrels per day (bpd) in August, exceeding the 411,000 bpd increases in the previous three months.

The producer group is set to approve an increase of about 550,000 bpd for September when it meets on August 3, sources told Reuters, which would unwind all of the cuts.

Reporting by Scott DiSavino and Stephanie Kelly in New York, Seher Dareen and Paul Carsten in London, and Jeslyn Lerh in Singapore; Editing by David Goodman, Mark Potter, Emelia Sithole-Matarise and Joe Bavier

Firefighters battle wildfire threatening French city of Marseille

Residents were told not to evacuate unless ordered so that roads could be left clear for rescue services

International News via Reuters:

Hundreds of firefighters battled a fast-moving wildfire that reached the outskirts of the southern French city of Marseille on Tuesday, forcing people to stay indoors and the nearby airport to close.

Aided by firefighting helicopters and aircraft, the firefighters had the blaze under control by evening, officials said, but a forecast of more strong winds meant it might yet advance further towards France’s second most populous city.

The fire, fanned by winds of up to 70 kph (43 mph), could be smelt in the centre of Marseille as thick clouds of smoke hovered over the city on the Mediterranean coast.

“It’s very striking – apocalyptic even,” said Monique Baillard, a resident of Les Pennes-Mirabeau, the town north of Marseille where officials said the fire started on a highway. 

The fire has burnt through 700 hectares (1,730 acres) and was considered to be under control even though it is still burning, regional prefect Georges-Francois Leclerc said.

About 20 buildings have been at least partly hit by the fire but no fatalities have been reported and hundreds of homes have been saved by firefighters, he said. Over 700 firefighters were battling the blaze, aided by firefighting helicopters and aircraft.

Wildfires, which have become more destructive in Mediterranean countries in recent years and attributed to climate change, were also raging in northeastern Spain, where large parts of the country were on high alert for fires.

There were also fires last week on the Greek island of Crete and in Athens, as much of Europe sweltered in an early summer heatwave. 

As the fire was spreading, residents of Marseille received official alerts on their phones telling them to stay at home and put damp cloths on any openings.

“As we speak, it’s a battle,” Payan said, likening tackling the wildfire to “guerrilla warfare”.

“We’re waiting to see what happens overnight, because that’s critical too. Everything is strategic: wind speed, humidity, nightfall — every factor matters. Once again, it’s extremely complex, and the work is incredibly difficult.”

RESIDENTS CONFINED

Two residents of the 16th borough, in the north of Marseille, near where the fire started, described how scared they had been.

“It was dangerous, a lot of very dark smoke, we were really afraid. Police and firefighters did a great job,” said one resident, who did not give his name and said things now looked under control in his neighbourhood.

Residents were told not to evacuate unless ordered so that roads could be left clear for rescue services.

“At this stage, populations must remain confined,” the Provence-Alpes-Côte d’Azur prefecture posted on X. “Close shutters, doors, keep your property clear for emergency services, and do not travel on the roads.”

Anne, a 51-year-old woman who works in Marseille and lives on the outskirts, said by phone: “The sky is grey with ash, and the smell of fire is very strong in the centre of Marseille.”

In the coastal neighbourhood of l’Estaque, restaurant owner Simon Epenmbia said he was huddling in the restaurant with his family and neighbours.

“We are relatively close to the sea, where we feel safer for now and there is less smoke,” he said. “I also saw other people who came here towards the beach and are sheltering in their cars.”

A spokesperson for Marseille airport, France’s fourth-busiest, said planes had not been taking off or landing since around midday and some flights had been diverted to Nice, Nimes and other regional airports. It was unclear when it would reopen.

Many train lines heading to and from Marseille were suspended. Some roads and highways were also shut.

A wildfire that started near Narbonne, in southwestern France, was also still active on Monday. Some 2,000 hectares have burnt there, the local prefecture said. 

Reporting by Marc Leras in Marseille and Dominique Vidalon, Gabriel Stargardter, Sudip Kar-Gupta, John Irish, Richard Lough, Makini Brice, Tassilo Hummel, Geert de Clercq in Paris; Writing by Ingrid Melander; Editing by Richard Lough and Aidan Lewis

‘Hands off Southlands’

Environmentalists oppose plans for café and car park; government wants to revitalize site that has been neglected for years

Environmental groups are pushing back on the Government’s proposal to transform Southlands National Park with new amenities, including a café and car park.

They question the development’s necessity, scale, and potential environmental impact.

The Government, however, maintains that the upgrades are meant to make the park “a more vibrant, accessible space for residents and visitors.”

WATCH the full report above.

Rescue teams find three more bodies after central Texas floods

The floods have killed at least 109 people including dozens of children

International News via Reuters:

The death toll in Kerr County crept up to 87 on Tuesday as search and rescue teams recovered three more bodies in the flood-ravaged hills of central Texas, according to officials in the county worst hit by the disaster.

Rescue teams from federal agencies, neighboring states and Mexico have joined local efforts to search for survivors, which have been hindered by thunderstorms and downpours. As they work through lists of people reported missing, the teams have not found a living survivor in Kerr County since Friday.

The floods have killed at least 109 people including dozens of children.

“The work is extremely treacherous, time-consuming,” Lieutenant Colonel Ben Baker of the Texas Game Wardens said at the press conference. “It’s dirty work. The water is still there.”

Torrential rains before dawn on Friday deluged the Guadalupe River, which burst its banks and killed dozens of people, leaving behind mangled piles of debris, trees and cars. Local and federal emergency officials have faced days of angry questions about whether they could have warned people in flood-prone Texas Hill Country sooner.

At least 56 adults and 30 children have been killed in Kerr County, Sheriff Larry Leitha said at a press conference in Kerrville, the county seat, with more than two dozen victims yet to be identified. Authorities have not determined if the 87th victim was an adult or child.

Some of the flood victims were sleeping at Camp Mystic, a riverside Christian girls’ summer camp near the town of Hunt; five children and one camp counsellor were still unaccounted for on Tuesday.

The sheriff rebuffed several questions about the county’s emergency management operations and preparedness, and declined to say who in the county was ultimately in charge of monitoring weather alerts and issuing a flood warning or evacuation order.

He said his office first started getting 911 emergency calls between 4 a.m. and 5 a.m. on Friday, several hours after the local National Weather Service station issued a flash-flood alert. “We’re in the process of trying to put (together) a timeline,” Leitha said.

The floods killed at least another 22 people outside Kerr County, according to local sheriffs’ and media reports, with seven dead in Travis County, seven dead in Kendall County, five dead in Burnett County, two in Williamson County and one in Tom Green County.

U.S. President Donald Trump, a Republican, plans to visit the devastated region this week, a spokesperson said. Democrats in Washington have called for an official investigation into whether the Trump administration’s job cuts at the National Weather Service affected the agency’s response to the floods.

Reporting by Jonathan Allen in New York and Rich McKay in Atlanta; Editing by Rod Nickel and Deepa Babington

European shares rise on energy, healthcare boost; tariff uncertainty lingers

The pan-European STOXX 600 index ended 0.4% higher, hitting its highest level in three weeks

International News via Reuters:

European shares ended higher on Tuesday, boosted by healthcare and energy shares while investors assessed the latest phase of U.S. President Donald Trump’s tariff rollouts, which included a new deadline for trade deals.

The pan-European STOXX 600 index ended 0.4% higher, hitting its highest level in three weeks.

Other regional indexes also clocked gains, with Germany’s DAX and France’s CAC 40 up about 0.5% each.

German small caps also hit an all-time high on Tuesday, powered by a 20% jump in steelmaker Salzgitter after Germany approved for military use the company’s Secure 500 steel product.

Heavyweight energy shares advanced 1.1% on higher crude oil prices, and healthcare gained 0.8% with Danish drugmaker Novo Nordisk, one of the biggest weights on the STOXX 600, up 2%.

In the latest in the tariff saga, Trump on Monday told 14 nations they would face tariffs ranging from 25% for countries including Japan and South Korea, to 40% for Laos and Myanmar.

However, with the start date pushed back to August 1, it effectively created a three-week window for countries to press for better terms, while prolonging damaging uncertainty about the terms of trade.

“Trump’s decision to push the tariff deadline to August 1 may have temporarily soothed market nerves, but the underlying uncertainty remains,” said Lukman Otunuga, senior market analyst at FXTM.

“If no meaningful trade deals are reached in the coming weeks, investors could brace for another wave of volatility.”

For Europe, EU sources familiar with the matter told Reuters on Monday the bloc will not receive a letter from the United States setting out higher tariffs, and is eyeing possible exemptions from the U.S. baseline levy of 10%.

Countries have been under pressure to seal deals with the U.S. after Trump launched a global trade war in April, which rattled financial markets and prompted policymakers to scramble to protect their economies.

For European equities, the STOXX 600 has rebounded sharply from its April lows and now sits about 3% away from its all-time highs seen in March.

On Monday, Swedish investment company Kinnevik climbed to the top of the STOXX 600 with an 8.5% rise after reporting a 2% quarter-to-quarter growth in its second quarter net asset value.

The latest earnings forecasts showed the outlook for European corporate health has deteriorated, with companies expected to report a drop of 0.2% year-on-year in second-quarter earnings, on average, according to LSEG I/B/E/S data.

The European earnings season will kick into gear next week, with the world’s biggest supplier of computer chip-making equipment ASML being the first of the heavyweights to report.

Reporting by Sukriti Gupta, Sanchayaita Roy and Shashwat Chauhan in Bengaluru; Editing by Mrigank Dhaniwala, Tasim Zahid and Chris Reese

‘Going off-grid could raise energy rates’

Dr Jeffrey Steynor suggests Bermuda’s renewable energy future lies in supplying the entire electricity grid, not in creating ‘micro-grids’

Solar power. Energy from Bermuda’s abundant sunshine. A no-brainer when it comes to sustainable power sources, right?

Well, not quite.

A key question has arisen… to be on the national grid, or off the grid?

In a small country like ours, the power grid is already relatively small. If residents go off the grid, we lose economies of scale – and electricity rates go up.


The PLP’s election platform signaled possible amendments to energy laws that require mandatory connection to BELCO.

However, Dr Jeffrey Steynor, BELCO’s Director of Energy Transition, says ‘going off the grid’ has consequences for the rest of us.

Speaking to Gary Foster Skelton, he said “the long term will be that there is less people on the grid supporting the fixed costs of an island, generating electricity in the middle of the Atlantic.”

“I’ll give you an an analogy… You’ve got a car ship that comes to Bermuda… it costs $100,000 and there’s [100 cars] on it. Every car pays $1,000 for the ship. If now that ship comes to Bermuda and only has [50 cars] on it, you’re paying $2,000 per car for the ship.”

“When the cars leave the ship and they’re not part of the equation, it’s the same thing with the solar leaving the grid. It’s not part of the equation. Less energy sales with fixed cost leads to rising prices.”

GFS asked whether this may require a philosophical change.

“We have a number of retail companies selling rooftop solar”, GFS said. “A lot of people getting to rooftop solar are thinking, ‘I’m going to save money’.”

Dr Steynor responded, “I fully understand why people want the rooftop solar – doing better for the environment, they’re offsetting their costs… the fixed costs of running a grid have to be shared… how do we balance those costs in a more fair manner so that the people left on the grid, that can’t afford solar today, don’t incur excess costs?”

“…because you could be off the grid with solar, and you don’t pay anything to BELCO… until that one day in August where your batteries are dead, and ‘oh, give me some power’.”

“So really, BELCO becomes a very cheap backup unless we adjust that cost structure.”

WATCH the full report above.