Tuesday, October 27, 2026
Home Blog Page 910

Heineken loses operational control of facilities in Congo’s war-hit east

Fighting in eastern Congo escalated this year as the M23 rebel group staged a rapid advance

FILE PHOTO: Bottles of Heineken beer are displayed in a cooler at a bar in Gurugram, India, November 26, 2024. REUTERS/Priyanshu Singh/ File Photo

International news via Reuters:

Heineken has lost operational control and withdrawn its staff from its facilities in conflict-affected areas of eastern Democratic Republic of Congo, the Dutch brewer said on Friday.

The beverages giant said in March that its operations in three eastern cities would remain suspended until it was safe to reopen, after some of its breweries were hit and its depots raided during fighting between the army and rebels.

But on Friday, the beer maker said the situation had deteriorated further, and that armed personnel had taken control of its facilities in Bukavu and Goma – eastern Congo’s two biggest cities, now under rebel control – and nearby areas.

“The conditions required to operate responsibly and safely are no longer present and as of 12th June 2025, we have lost operational control,” it said in a statement.

Heineken’s Congo unit, Bralima, still operates in other parts of the country not affected by the conflict, the company said, adding that it would continue assessing the evolving situation.

The group owns four breweries in Congo, producing Heineken beer as well as other popular brands like Primus and Amstel. The Bukavu facilities employed around 1,000 people both directly and indirectly, it had said previously.

“Our top priority is the safety and wellbeing of our employees,” its Friday statement said. “We have withdrawn all remaining staff from these sites and we have continued to support them financially.”

Nearly 14% of Heineken’s total revenues come from its businesses in the Middle East and Africa, where Congo, with its population of over 100 million, is a large market.

Its operations in the cities of Goma, Bukavu and Uvira had together previously accounted for roughly a third of Heineken’s business in Congo.

Fighting in eastern Congo escalated this year as the M23 rebel group staged a rapid advance that raised fears of a wider conflict.

Congo says Rwanda is supporting M23 by sending troops and arms. Rwanda has long denied helping M23.

The two countries and the United States said on Wednesday that their technical teams initialed a draft peace agreement that is expected to be signed next week.

Reporting by Sonia Rolley;Writing by Alessandro Parodi and Sfundo Parakozov;Editing by Joe Bavier

Global equity funds log biggest outflows in three months on Mideast tensions

Tech and industrials led sectoral gains with a net $1.5 billion and $752 million in inflows

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 18, 2025. REUTERS/Brendan McDermid/File Photo

International news via Reuters:

Global equity funds recorded net outflows of $19.82 billion for the week ended June 18, the largest in three months, as escalating Middle East tensions and lingering uncertainty over U.S. trade policies dampened investor sentiment

Investors divested a net $19.82 billion from global equity funds during the week, according to LSEG Lipper data. 

U.S. equity funds led regional outflows with net sales of $18.43 billion, their steepest withdrawal in three months. Asia saw outflows of $2.86 billion, while Europe recorded net inflows of $640 million.

Despite broader outflows, equity sectoral funds attracted $573 million in net inflows, the fourth straight week of purchases.

Tech and industrials led sectoral gains with a net $1.5 billion and $752 million in inflows, respectively, while financials saw nearly $1.5 billion of net outflows.

Global bond funds were popular for the ninth consecutive week, attracting around $13.13 billion in net inflows.

Euro-denominated bond funds drew $3.07 billion in net inflows, following $7.97 billion of inflows in the prior week. Investors also lapped up short-term and high-yield bond funds, which garnered $2.93 billion and $1.94 billion, respectively.

In contrast, investors pulled out a net $2.7 billion from money market funds after about $4.1 billion of net sales in the previous week.

Demand for gold and precious metals commodity funds surged to the highest in two months during the week as these funds received $2.84 billion in net inflows.

Emerging market bond funds attracted net inflows of $2.5 billion, with demand extending to an eighth successive week. Investors, however, withdrew $234 million from equity funds, according to data for 29,726 funds. 

Reporting by Gaurav Dogra in Bengaluru; Editing by Harikrishnan Nair

Sterling set for weekly loss as Middle East conflict overshadows domestic data

The BoE said it was monitoring risks from a weaker labour market and higher energy prices

FILE PHOTO: Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester, Britain, Septem,ber 21, 2018. REUTERS/Phil Noble/File Photo

International news via Reuters:

Sterling gained slightly against the dollar on Friday but was set for a loss on the week as uncertainty over the Israel-Iran conflict fuelled demand for traditional safe havens such as the greenback.

Weak UK retail data earlier in the session and the Bank of England’s decision on Thursday to keep rates unchanged had little effect on the pound.

Sterling was 0.2% higher at $1.3495 but eased 0.6% against the dollar on the week, after two consecutive weeks of gains.

The dollar was set for its biggest weekly rise in more than a month on Friday.

The BoE said it was monitoring risks from a weaker labour market and higher energy prices on the back of the conflict as it held interest rates at 4.25% as expected on Thursday, sending the pound down briefly against the U.S. dollar.

“The pound was only lightly touched by a consensus Bank of England hold yesterday,” ING FX Strategist Francesco Pesole wrote in a note to clients.

“Yesterday’s 6-3 vote split for a cut can be interpreted marginally on the dovish side and is allowing markets to reinforce their conviction call on an August cut.”

Markets now priced in a near-60% chance for a quarter-point cut at the BoE’s next policy meeting.

The euro was marginally up to 85.43 pence on Friday, set for its second week of gains in a row.

Sterling briefly pared some earlier gains against the U.S. dollar after weak British retail sales data, which saw volumes recording their sharpest drop since December 2023 last month, as demand fell after shoppers splurged on food, summer clothes and home improvements the month before.

“Retail sales in May brought significant payback” after a “hard to explain” strength in the previous four months, Allan Monks, chief U.K. economist at J.P. Morgan, said.

The figures came alongside government borrowing figures which showed a slightly larger than expected budget deficit of 17.7 billion pounds ($23.88 billion) for May.

Britain’s economy grew at a faster-than-expected pace in the first quarter of 2025 but shrank in April, as a property tax break ended and U.S. tariffs started to sting.

The BoE forecasts overall growth of 1% for 2025.

($1 = 0.7413 pounds)

Reporting by Linda Pasquini; Editing by Amanda Cooper and Andrew Heavens

British lawmakers to vote on landmark assisted dying law

Politicians urged to vote according to their conscience rather than along party lines

FILE PHOTO: A protestor holds a placard as they gather outside the parliament as British lawmakers debate the assisted dying law, in London, Britain, November 29, 2024. REUTERS/Mina Kim/File Photo

International news via Reuters:

British lawmakers held their final debate ahead of a historic vote on Friday on whether to legalise assisted dying for terminally ill people, in what would be a major step toward the biggest social reform in the country for a generation.

The vote is expected at about 2:30 p.m. (1330 GMT) and if it goes in favour, the proposed new law will have cleared its biggest parliamentary hurdle. That would pave the way for Britain to follow Australia, Canada and other countries, as well as some U.S. states in permitting assisted dying. 

A vote against would stop the bill in its tracks. 

Last November, lawmakers voted 330 to 275 in favour of the principle of allowing assisted dying, but since then the bill has been scrutinised and amended, and some lawmakers have publicly changed their position, citing changes to provisions that they say weaken protections for vulnerable people.

Prime Minister Keir Starmer’s Labour government is neutral on the legislation meaning politicians can vote according to their conscience rather than along party lines. Last year, Starmer voted in favour of the legislation and has indicated he continues to support it. 

The law was proposed under a process led by an individual member of parliament rather than being government policy, which has limited the amount of parliamentary time allocated to it.

Some lawmakers have said that such a major social change should be allocated more parliamentary time for debate and involve a greater degree of ministerial involvement and accountability.

If Friday’s vote is in favour, assisted dying stays on the road to legalisation, a process that could still take months. 

The Labour lawmaker who proposed the new law, Kim Leadbeater, said there could be a reduction in the number of members of parliament who support the bill on Friday compared with last year’s vote, but that she was confident it would still be approved.

Opening the debate, Leadbeater said that the legislation was “desperately needed” and would provide dignity and compassion to people suffering. She argued it had robust safeguards that made it practical and safe.

“This is not a choice between living and dying. It is a choice for terminally ill people about how they die,” she said.

On Thursday, four Labour lawmakers switched sides to oppose the bill, joining the dozens who earlier this month said there had not been enough time to debate the details of such a consequential law change.

“The bill before us simply does not do enough to safeguard people who may want to choose to live,” the four lawmakers said in a letter. 

Leadbeater said her biggest fear was that if the legislation was voted down, it could be another decade before the issue returns to parliament. It was last considered in 2015, when lawmakers voted against it. 

PUBLIC SUPPORT

Opinion polls show that a majority of Britons back assisted dying, and supporters say the law needs to catch up with public opinion.

Under the proposed law, mentally competent, terminally ill adults in England and Wales with six months or less to live would be given the right to end their lives with medical help. 

In the original plan, an assisted death would have required court approval. That has been replaced by a requirement for a judgement by a panel including a social worker, a senior legal figure and a psychiatrist, which is seen by some as a watering down. 

Lawmakers have also raised questions about the impact of assisted dying on the finances and resources of Britain’s state-run National Health Service and on the need to improve palliative care. 

If the vote passes, the proposed new law is sent to the House of Lords, parliament’s upper chamber. But the unelected Lords will be reluctant to block legislation that has been passed by elected members of the House of Commons.

Reporting by Sarah Young and Andrew MacAskillEditing by Andrew Heavens and Frances Kerry

Belgium announces border checks in migration clampdown

Curbing migration is a key priority for the country’s right-leaning government

FILE PHOTO: A large Belgium’s flag is unfolded in Brussels, Belgium July 21, 2021. REUTERS/Yves Herman/ File Photo

International news via Reuters:

Belgium will introduce border checks on people coming into the country to clamp down on illegal migration, the government said, in another limit on free movement across Europe’s Schengen zone.

The restrictions in the country that borders the Netherlands, France, Luxembourg and Germany will start this summer, a spokesperson for the junior minister for migration, Anneleen Van Bossuyt, said on Friday.

“Time for entry controls. Belgium must not be a magnet for those stopped elsewhere. Our message is clear: Belgium will no longer tolerate illegal migration and asylum shopping,” Van Bossuyt wrote on X.

The announcement follows similar moves by the Netherlands and Germany, part of a broader crackdown on migration across the continent, even as numbers of arrivals on many major routes have shown signs of falling.

“The checks will be carried out in a targeted manner on major access roads such as motorway car parks, on bus traffic … on certain trains … and on intra-Schengen flights from countries with high migration pressure, such as Greece and Italy,” a Belgian government statement said late on Thursday.

Prime Minister Bart De Wever, in office since February, has said curbing migration is a key priority for his right-leaning government.

Belgium is part of the open-border Schengen area which guarantees free travel between its 29 member states. Under article 23 of the Schengen Borders Code, members can temporarily reinstate border checks in response to security or migration pressures.

A spokesperson for the Belgian Immigration Office said it was difficult to give figures for illegal immigration at the moment without the systematic border checks.

Belgium, one of the world’s richest countries, received 39,615 asylum applications in 2024, 11.6% more than in 2023, numbers from the Federal Agency for the Reception of Asylum Seekers show. 

The country had the capacity to take in 35,600 applicants in 2024, according to the figures, leaving many arrivals without proper accommodation.

Reporting by Charlotte Van Campenhout, Editing by Andrew Heavens

UK grocery watchdog probes Amazon over alleged supplier payment delays

Amazon said it had made several improvements for grocery suppliers

The logo of Amazon is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo Fuentes/File Photo

International news via Reuters:

Britain’s grocery regulator on Friday launched an investigation into Amazon, probing whether the U.S. retail giant breached rules on timely supplier payments over a three-year period.

The Groceries Code Adjudicator (GCA) said it suspected Amazon of violating paragraph 5 of the Groceries Supply Code of Practice, which mandates prompt payment to suppliers.

“The alleged delays could expose Amazon suppliers to excessive risk and unexpected costs, potentially affecting their ability to invest and innovate,” adjudicator Mark White said in a statement. 

Amazon did not immediately respond to a request for comment.

White said he launched the investigation, which will cover the period between Amazon’s designation in March 2022 and June 2025, based on evidence received from multiple unnamed sources.

The GCA said it would examine the scale and impact of any delays, focusing on Amazon’s payment systems, how it handles supplier disputes over deductions, and whether it uses deduction settlements unfairly in commercial negotiations.

Last year, the GCA threatened Amazon with a formal investigation if it did not improve its compliance with the Groceries Supply Code of Practice.

The code aims to ensure Britain’s 14 largest grocery retailers, including market leader Tesco, Sainsbury’s, and Marks & Spencer, treat suppliers fairly.

The regulator had found in its 2024 annual survey that less than half of respondents directly supplying Amazon believed the U.S. giant “consistently” or “mostly” complied with the code.

At the time, Amazon said it had made several improvements for grocery suppliers since last year’s results, with clearer explanations for cost price increase decisions, minimum periods for de-listing, and the launch of a major upgrade for handling invoice disputes.

The GCA can impose financial penalties of up to 1% of a large retailer’s UK turnover.

Reporting by Sarah Young, additional reporting by James Davey; Writing by Sam Tabahriti; Editing by Joe Bavier

Bermuda Tonight – 19 June 2025

In tonight’s news at 7pm…

  • City flags fly half mast in honour late councilor
  • Charity gives public schools a supply boost
  • Election collaboration talk was no more than talk
  • Regiment seeking applicants for recruit camp

Election collaboration talk… was just talk

Months after polls closed, it appears there was never enough agreement between non-PLP candidates to lead to a team-up

The idea of politicians and political hopefuls working together is appealing – but is it realistic?

It has become apparent that all the talk of cross-party partnerships among non-PLP candidates going into the general election didn’t amount to more than just talk.

In the report above, Gary Foster Skelton spoke to some political leaders to get a flavour of what may have happened behind the scenes.

*Responding to our questions on this subject, an FDM spokesperson told Bermuda Broadcasting that their position on collaboration has not changed.

Bermuda represented at Overseas Territories forum

It brought together senior public service leaders from across the territories to address shared challenges and opportunities

Images supplied

The Government of Bermuda issued the following media release.

Last week, Cherie Whitter, Head of the Public Service, represented Bermuda at the British Overseas Territories Deputy Governors and Heads of the Public Service Summit, held in the Turks and Caicos Islands.

The annual forum, hosted this year by Her Excellency Anya Williams, Deputy Governor and Head of the Public Service for Turks and Caicos, brought together senior public service leaders from across the territories to address shared challenges and opportunities.

The summit serves as a vital platform for collaboration, enabling leaders to engage in strategic dialogue and problem-solving on issues unique to public service leadership in the Overseas Territories. This year’s agenda focused on several key areas:

The modernisation of job evaluation systems and the development of new grading and salary structures;
Strategies to address recruitment challenges for hard-to-fill positions; and
The integration of Artificial Intelligence to enhance efficiency and service delivery across public sectors.

Following the event, participants took part in the Turks and Caicos Islands Leadership Forum, where the territory launched its Public Service Strategic Plan 2025–2030. A highlight of the forum was a panel discussion on managing large-scale change within the public service, with each leader contributing insights from their own reform experiences.

Reflecting on the series of meetings, Ms. Whitter said, “Both the Summit and the Leadership Forum provided tremendous learning opportunities. The collaborative relationships that have been established with the public services in Cayman, Anguilla, British Virgin Islands, Montserrat, and the Turks and Caicos Islands are invaluable. We are able to share lessons learned, access administrative policy proposals, provide cross-territory secondments, attachments and training opportunities, and essentially lean on our shared experiences for the benefit of our respective Services.”

In an exciting development, the next British Overseas Territories Deputy Governors and Heads of Public Service Summit is expected to be hosted by Bermuda in 2026.

$43k in supplies delivered to public schools

Community initiative aims to bridge the resource gap between public and private classrooms through direct donations

Bermuda’s public school system received a welcome boost this term – more than $43,000 worth of educational supplies and materials thanks to a community-driven initiative.

Support Public Schools, a programme launched in 2018, empowers businesses and individuals to purchase items directly for classrooms, helping improve learning environments across the island.

Since its founding, SPS has funnelled an impressive $630,000 in new school supplies into Bermuda’s public school classrooms, all through the generosity of donors.

Alisa Bernardo visited Harrington Sound Primary School yesterday as boxes of fresh supplies were unpacked by a team of volunteers and smiling students.

Bermuda welcomes Pan Am’s retro-inspired luxury jet tour

Pan American Airways, the iconic airline that once defined the golden age of air travel, has been relaunched not as a commercial carrier but as a luxury private jet tour service rooted in the nostalgic romance of the original Pan Am.

Unlike a typical private jet, the experience takes place aboard a retrofitted Boeing 757-200 redesigned with just 50 lie-flat business class seats in a spacious lounge-style layout.

As part of the revival, attendants wear replica Pan Am uniforms from the 1960s and passengers follow curated itineraries to glamorous, historically inspired destinations including today’s stylish stopover in Bermuda.

The visit was coordinated in partnership with the Bermuda Tourism Authority, adding a touch of retro elegance to the island’s positioning as a sophisticated, culturally rich destination.