百度集團－ＳＷ(09888)出現大手賣出5.78萬股，成交價$116.3，涉資672.214萬 AASTOCKS.com

全球地缘政治冲突加剧，人民币避险特征显露。 面对地缘政治紧张局势和贸易保护等不利因素，中国的大门越开越大，其中外贸展现出强大韧性，其规模再创新高。 今年的政府工作报告提出，进一步扩大高水平对外开放。坚持合作共赢，稳步扩大制度型开放，拓展国际循环，以开放促改革促发展。其中，不仅更加重视服务业开放，而且增加了“扩大人民币跨境使用”“引导企业优化全球市场布局”“推动贸易投资一体化”“推动跨境电商加海外仓模式扩容升级”等新提法和具体部署。 以服务业为重点扩大市场准入和开放领城 根据政府工作报告，今年将积极扩大自主开放。以服务业为重点扩大市场准入和开放领城，进一步扩大增值电信、生物技术、外商独资医院等领城开放试点，有序扩大数字领域开放，压减跨境服务贸易负面清单。建好国家服务业扩大开放综合示范区。推动商签更多区域和双边贸易投资协定，积极推动加入《数字经济伙伴关系协定》和《全面与进步跨太平洋伙伴关系协定》进程。 商务部研究院学位委员会委员白明告诉第一财经，在下一个阶段的对外开放中，服务业开放被放在了重中之重的地位上。在过去40多年的改革开放历程中，制造业等多个领域均已实现高度开放，而服务业还存在极大的增长空间，“我们不仅要补齐短板，还要让服务业面向全球，逐渐走到世界前列；不仅要提高开放的范围，更要强调开放的质量”。 商务部外国投资管理司负责人王亚在今年1月的国新办新闻发布会上表示，2026年，我国将以服务业为重点，扩大市场准入和开放领域，有序扩大电信、医疗、教育等领域自主开放，推动试点项目尽早落地，支持服务业外资企业延伸价值链，实现专业化、融合化、数字化发展，促进服务业扩容提质。 在稳外资方面，2026年的政府工作报告还提出，扩大双向投资合作。深化外商投资促进体制机制改革，保障外资企业国民待遇，实施新版鼓励外商投资产业目录，促进外资境内再投资、扩大本地化生产。加强对外资企业的服务保障，擦亮“投资中国”名片。引导产业链供应链合理有序跨境布局，完善海外综合服务体系，加强对外投资风险防控和海外利益保护。 统计数据显示，2025年，中国新设外资企业7万余家，增长19.1%，吸收外资7476.9亿元，其中高技术产业引资占比32.3%。 扩大人民币跨境使用，引导企业优化全球市场布局 今年的政府工作报告对稳外贸也有了新的重点。 报告明确，推动外贸稳规模优结构。加大信贷、信保支持，扩大人民币跨境...

文章提及标的 半导体 -- 天然气 -- 景顺 -- 粮食ETF广发 -- 中韩半导体ETF -- 湖北ETF博时 -- ETF收盘涨跌不一，中韩半导体ETF(513310)领涨8.24%，纳指科技ETF景顺（IVZ）(159509)涨4.41%，湖北ETF博时（159743）(159743)涨4.19%，粮食ETF广发（159587）(159587)领跌4.41%，粮食ETF(159698)跌4.25%，石油天然气ETF(159588)跌2.58%。 大宗商品轮动牛市 油价反弹中>>>

A股收评：沪指震荡反弹涨0.64%，电网设备、MicroLED概念股涨幅居前 2026-03-05 15:01:07 来源： 同花顺7x24快讯 分享 文章提及标的 深证成指 -- 上证指数 -- 培育钻石 -- 创业板指 -- 电网设备 -- 可控核聚变 -- A股三大指数今日集体反弹，截至收盘，上证指数（1A0001）涨0.64%，深成指（399001）涨1.23%，创业板指（399006）涨1.66%，北证50指数涨1.12%，沪深京三市成交额24126亿元，较上日放量246亿元，三市超4000只个股上涨。板块题材上，MircroLED（884095）概念、电网设备（881278）、教育、量子科技（885730）、可控核聚变（886065）、脑机接口（886047）、培育钻石（885937）、半导体（881121）、ai眼镜（886085）板块涨幅居前；种植业与林业（881101）、粮食概念（885995）、贵金属（881169）、燃气、磷化工（885863）、港口航运（881148）、煤炭开采加工（881105）板块跌幅居前。盘面上，光学光电子（881122）、Micro LED（884095）概念股集体大涨，雷曼光电（300162）、瑞丰光电（300241）、联建光电（300269）等20余股涨停，机构称Micro LED（884095） CPO有望凭节能优势成为光互连替代方案。受益于AI浪潮，电网设备（881278）维持近期涨势，汉缆股份（002498）、通光线缆（300265）等股收获2连板。受重要会议催化影响，量子科技（885730）、教育、脑机接口（886047）等板块盘中均有拉升。另一方面，伊朗军方高官称未封锁霍尔木兹海峡，石油天然气（885430）、粮食、港口航运（881148）板块多数回调，康农种业、贝肯能源（002828）跌幅居前。

文章提及标的 恒生科技ETF -- A500ETF南方 -- 500ETF -- A500ETF基金 -- 截至收盘，ETF两市成交额报5838.77亿元，分类型来看，股票型ETF成交额1570亿元，债券型ETF成交额2747.34亿元，货币型ETF成交额347.41亿元，商品型ETF成交额196.66亿元，QDII型ETF成交额641.27亿元。其中，成交额最高的非货币型ETF分别是华夏中证a500ETF（159500）(512050)、恒生科技(513130)、南方中证a500ETF（159500）(159352)，成交额分别为104.93亿元、77.80亿元、75.76亿元。 大宗商品轮动牛市 油价反弹中>>>

The latest smartphone in the lower-cost A-series Pixel line shows what makes Google phones so good, while undercutting the competition on price. The problem is that it differs little from its predecessor, which is still on sale. The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. Priced from £499 (€549/$499/A$849), the Pixel 10a is more like a second edition of last year’s excellent Pixel 9a. The two phones share the same Tensor G4 chip, not the newer G5 in the rest of the £799 and up Pixel 10 line; the same memory, storage and cameras; the same size 6.3in OLED screen, though the Pixel 10a reaches a higher peak brightness making it slightly easier to read outside. View image in fullscreen The back of the new Pixel is completely flat, lacking the protruding camera bump that has plagued almost every handset for decades. Photograph: Samuel Gibbs/The Guardian The new phone feels well made at least, with aluminium sides, glass on the front and a high-quality plastic back. It has 2D face recognition and an optical fingerprint scanner under the screen for unlocking the phone, which is fast but not quite as reliable as the ultrasonic fingerprint readers on more expensive phones. It also has emergency satellite messaging, which is a rare feature outside flagship smartphones, should you need rescuing in the middle of nowhere without a phone signal or wifi. The Pixel feels snappy in operation despite the older chip but it won’t win any raw performance awards, although it handles most tasks well and is capable of gaming, but not at the highest quality settings. The battery lasts a good 52 or so hours per charge, including actively using the screen for seven hours across a mix of 5G and wifi. Most users should only need to charge it every other day. View image in fullscreen The Pixel 10a supports 30W charging, hitting 50% in about 30 minutes, and 10W Qi wireless charging. Photograph: Samuel Gibbs/The Gua...

From London’s commuter belt to the country village gay club, these portraits of LGBTQ+ life are filled with humour, compassion and observational flair Generations of readers have loved Armistead Maupin ’s Tales of the City novels. His chronicle of queer life began in 1976 in the eclectic glamour of San Francisco’s Barbary Lane, where queer people learned who they were and how to live their lives. But even Maupin relocated in the end. The most recent instalment, Mona of the Manor, saw one of its key characters move to the Cotswolds to navigate a very different kind of village. The social historian John Grindrod nods to Maupin in this fantastically entertaining alternative history of queer life in Britain, which departs from the usual tales of city-based freedom and discovery to tell the stories of people who grew up in the suburbs. “The suburbs” resist easy definition, and Grindrod handles this lightly. Sometimes they’re marked out by social class, sometimes by geography, each facet blurring into the other. His locations range from London’s commuter belt to hamlets, farms and towns, from the edges of Portsmouth and Hull to pockets of Glasgow and Wilmslow and a tiny village in Lincolnshire, where a gay builder is protected from homophobic abuse in the pub by the local darts team. Continue reading...

Exercise and freedom: inside a children’s mental health centre in Gaza A Palestine Red Crescent Society mental health centre provides one of the few places left where children in Gaza can play and feel safe

Culture – Shelby murals and Sabbath shrines The runaway success of the TV crime drama Peaky Blinders has been credited with boosting tourism to Birmingham and the West Midlands since it first aired in 2013, even though much of the series was actually shot farther north, in Merseyside, Yorkshire and Manchester. The release this week of the Peaky Blinders movie The Immortal Man (much of which was filmed in and around Birmingham this time) will undoubtedly generate a new wave of interest, particularly in the Black Country Living Museum in nearby Dudley, whose authentic recreations of streets, houses and industrial workshops appear in key scenes in the TV show and the film – most notably as the location for Charlie Strong’s yard (pictured below). View image in fullscreen The canal and blacksmith’s forge at Black Country Living Museum in Dudley. Photograph: Nathaniel Noir/Alamy At the Digbeth Loc. Studios, where much of the new movie was shot, fans can also see Peaky Blinders murals created by artist Mr Murals. A walking tour of the city with a guide dressed as “Edward Shelby” (from £20pp, viator.com) is well worth a couple of hours, while historic mugshots, artefacts and the original cells in which members of the real-life Peaky Blinders gang were once held are now on show at West Midlands Police Museum. The city has also become something of a pilgrimage site for heavy metal fans, especially since the final Black Sabbath concert at Villa Park last summer and Ozzy Osbourne’s passing just over two weeks later. There are Ozzy and Sabbath landmarks all around the city, including another of Mr Murals’ artworks on Navigation Street, near New Street station, which all four members of the band visited and signed ahead of the concert. A couple of minutes’ walk away is The Crown pub (now sadly closed) where Sabbath played their first gig and heavy metal was born out of Brum’s industrial clank. Sabbath also feature on murals outside Scruffy Murphy’s rock pub and beside Birmingham ...

Fredrik Gertten travels the world meeting activists who have had enough of corruption, kleptocracy and structural inequality – while Bregman’s nuggets of wisdom are a joy Bicycling Dutch historian Rutger Bregman does not identify as an optimist. He says that optimism makes people lazy, complacent that history is going in the right direction. Instead he describes himself as a “possibilist”, a believer in the possibility that things can be different. Bregman is interviewed in this film about corruption, kleptocracy and structural inequality. The director is documentary-maker Fredrik Gertten who travels the world meeting activists who have had enough. First, the cold hard facts. Journalist and corruption expert Sarah Chayes, a former adviser to the Obama administration, does an impressive job summarising her analysis of global kleptocracy. In Malta, the son of the murdered journalist Daphne Caruana Galizia , killed after exposing corruption at the highest levels of government, investigates the new scandal of “golden passports” . The film’s main focus is activism in Chile and the US. Amazon workers in New York unionise (and have a good laugh at their boss Jeff Bezos’s trip to space). In Chile, feminists march and climate activists go into battle against mining companies responsible for drought. Continue reading...

British number one Emma Raducanu says she is going to be "tapping into a few people" as she tries to rediscover her natural way of playing. The 2021 US Open champion says she remains open to the idea of having another full-time coach - as long as they do not dictate the way she should play - but is wary of the scrutiny they will attract. Raducanu's partnership with Francisco Roig ended after January's Australian Open because of a disagreement over her playing style. The Spaniard was the seventh full-time coach Raducanu had worked with. "Right now, it's more about bringing my instincts back out, getting back in touch with myself," Raducanu told BBC Sport after a two-hour practice session before her first match at Indian Wells in California.

Can NVIDIA's 75% gross margin be sustained? The key lies in Taiwan Semiconductor's pricing power. 富途牛牛

格隆汇3月5日｜信达证券研报指出，加拿大反倾销&反补贴初裁落地，对众鑫股份整体影响有限。根据跟踪，加拿大初裁结果远低于美国初裁；且公司外贸模式主要为FOB；新增税率&近期海运上涨对公司影响均有限。自美国双反调查以来，认为部分订单由加拿大转口进入美国市场，若加拿大监管趋严，美国订单有望加速迁移，拥有海外产能的龙头合规企业份额或将持续提升。在全球经济环境不明确的背景下，公司充分受益于自身成本优势+贸易链重构下的先发优势+扩地区&产品带来的成长性。从未来成长性来看。根据公司2025半年报，未来仍在国内计划建设崇左新产线；美国亦有增量布局计划。若贸易摩擦再次加剧、公司先发优势或将重塑成长逻辑。维持“买入”评级。

京東集團－ＳＷ(09618)出現大手買入6.72萬股，成交價$97.15，涉資652.848萬 AASTOCKS.com

工业和信息化部决定成立绿色低碳标准化技术委员会，具体如下：工业和信息化部绿色低碳标准化技术委员会，编号为MIIT/TC9，主要负责工业和信息化部绿色低碳领域综合性、基础性相关行业标准制修订工作。第一届工业和信息化部绿色低碳标准化技术委员会由71名委员组成，秘书处由中国电子技术标准化研究院承担。(工信部)

Malaysia kept its benchmark interest rate unchanged, but warned that downside risks have risen from the deepening conflict in the Middle East. Bank Negara Malaysia held the overnight policy rate at 2.75% on Thursday, a move seen by all 24 economists in a Bloomberg survey. It has adjusted borrowing costs just once in the past two years, with a quarter-point cut in July 2025 to shore up the economy from US tariff hikes. The central bank is taking a cautious stance as the prospect of a prolonged war in Iran risks spurring energy prices and currency volatility, complicating the outlook for inflation and growth. The trade-reliant nation is also still reckoning with US President Donald Trump’s continued tariff threats. “Downside risks have risen, arising from further escalation in geopolitical tensions and heightened volatility in global financial markets,” BNM said in a statement Thursday, also flagging concerns over potentially higher tariffs and elevated asset valuations. Read more: IMF Says Mideast War to Test World Economy, Expecting New Shocks Potential positives include stronger tech spending and pro-growth policy measures in key economies, BNM said, noting that its current monetary policy stance is “appropriate and supportive of the economy amid price stability.” Inflation is also expected to remain moderate. “While global commodity prices may be subject to greater volatility given recent developments, the impact on domestic inflation is expected to be contained,” BNM said. Malaysia has emerged as one of the most resilient economies in Asia in the past year. Consumer demand is robust amid low unemployment, while the global tech boom has lifted the nation’s exports and manufacturing. “The Malaysian economy is facing these challenges from a position of strength, with robust domestic growth, moderate inflation, sound financial sector and resilient external position,” BNM said. Standing pat gives BNM room to act decisively should conditions worsen drastically.

Damaged building follwoing attacks in Tehran, on March 4. Photographer: Fatemeh Bahrami/Getty Images

Richard Drury/DigitalVision via Getty Images While some analysts argue, some of them with very good information, that an AI bubble is bursting , I think creative destruction is the main reason for the 2026 uncertainty, beyond the impact of geopolitical conflicts. Creative destruction is a concept developed by Joseph Alois Schumpeter to describe how innovation makes a business more efficient. At the beginning, it might be destructive to lose a job or a company closes. But in the end it can turn into something more creative because it frees up capital for more productive sectors. This is just one of the many lessons I learned from Schumpeter when I studied him at university, but I always felt it was the most important for understanding a historic debate among political scientists: capitalism vs. socialism. When I entered the capital markets and began analyzing companies, I realized the debate was even simpler and less ideological: inefficiency vs. progress. With the advancement of AI in recent years, I believe Schumpeter's concept of creative destruction is gaining renewed relevance, especially as we approach a volatile 2026. But I wanted to apply this idea to the release of new intelligent language models by OpenAI ( OPENAI ) and Anthropic ( ANTHRO ). These could render part of the work performed by major IT consulting firms such as International Business Machines Corporation ( IBM ) and Accenture plc ( ACN ), among others, obsolete. I will analyze this sector in more detail later, to better illustrate my idea. I will do it in broad strokes based on IBM and its recent fall, and a little bit on ACN, since they are the companies with the highest capitalization in the industry. The best example is the software industry ( IGV ), one of the segments most affected by AI's rapid advance in 2026, what some are calling the "SaaS Apocalypse." As you can see in the following charts, I compiled the five largest companies by market capitalization in software systems and software ...

Worawith Ounpeng/iStock via Getty Images By Timothy Rahill , Credit Strategist | Jeroen van den Broek , Global Head of Sector Research We note many similarities between this and the Russia-Ukraine war breaking out in February 2022. However, this time around the sell-off is so far less severe and is certainly more orderly. As such, a similar reaction in credit in the coming weeks is likely. But the sector differences thus far are certainly evident. We break down the reaction we saw last time per sector and compare that to the initial reaction we are seeing now. In addition, as reported by our rates strategist in the latest Rates Spark Day two and the pendulum swings again , the carry trades can suffer in a more volatile environment. "The possibility of ECB rate hikes poses a serious risk to carry trades and could trigger a significant widening of eurozone government bond (EGB) spreads". The same risks are certainly very prevalent in credit, which will drop a notable amount of demand from the market. Sectors such as Banks, Retail, Travel, Real Estate, Consumers, Energy and Oil & Gas are all outperforming this time around with relatively less widening thus far compared to February 2022. On the other hand, Telecoms, Autos, Healthcare and Consumer goods are seeing relatively significant widening. Spread widening now (4 trading days) vs. February 2022 (12 trading days) Source: Macrobond, ING In February 2022, curves went much flatter initially as the short end was under a lot of pressure with about 15-22bp widening, whereas now we are seeing a continuation of long-end underperformance and steeper credit curves. The table below looks at the total widening seen per sector in the initial 12 trading days of February 2022, when spreads peaked before starting to retrace. Alongside that is the widening we have seen in these initial four trading days and how much widening has been pencilled in per sector versus February 2022 as a percentage. Spread Developments February 2022 vs. ...

Papendrecht, 05 March 2026 ‎ KEY FIGURES 2025 Revenue: EUR 4.5 billion (2024: EUR 4.4 billion) EBITDA: EUR 1.3 billion (2024: EUR 1.3 billion) Operating Result: EUR 886 million (2024: EUR 782 million) Net profit: EUR 775 million (2024: EUR 781 million) Order book: EUR 7.0 billion (2024: EUR 7.0 billion) Royal Boskalis B.V. (Boskalis) in 2025 posted a strong financial performance once again. The full-year group revenue, EBITDA, and year-end orderbook were all slightly higher than the all-time highs in 2024. Revenue amounted to EUR 4.5 billion, an increase compared to 2024, with growth contributions from both the Offshore Energy and Towage & Salvage divisions. Adjusted for (de)consolidation and currency effects, the year-on-year revenue was stable. EBITDA increased to EUR 1.3 billion. There were no exceptional gains or losses in 2025, whilst the 2024 EBITDA was elevated by an exceptional gain of EUR 148 million. The Operating Result (EBIT adjusted for exceptional items) increased by 13.3% to EUR 886 million. The net profit amounted to EUR 775 million. The 2024 net profit amounted to EUR 781 million which included an exceptional gain of EUR 143 million. The good performance reflects strong project execution across the two largest divisions – Dredging & Inland Infra and Offshore Energy. Growth within Towage & Salvage is largely explained by the acquisition of the remaining 50% share of Smit Lamnalco in late 2024. The order book was fractionally higher at EUR 7,0 billion compared to the end of 2024. Theo Baartmans, CEO Boskalis: “2025 was an extraordinary year for Boskalis in many respects. With an exceptionally strong performance across all three divisions, a high utilization of the fleet and outstanding project results, we achieved record revenue of EUR 4.5 billion and a historically high EBITDA of over EUR 1.3 billion. This makes 2025 financially the most successful year in the long history of our wonderful company. In a world characterized by geopolitical turmoil and...

Papendrecht, 05 maart 2026 KERNCIJFERS 2025 Omzet: EUR 4,5 miljard (2024: EUR 4,4 miljard) EBITDA: EUR 1,3 miljard (2024: EUR 1,3 miljard) Bedrijfsresultaat: EUR 886 miljoen (2024: EUR 782 miljoen) Nettowinst: EUR 775 miljoen (2024: EUR 781 miljoen) Orderportefeuille: EUR 7,0 miljard (2024: EUR 7,0 miljard) ‎Koninklijke Boskalis B.V. (Boskalis) heeft in 2025 opnieuw sterke financiële resultaten geboekt. De jaaromzet, EBITDA en de orderportefeuille per jaareinde waren allemaal licht hoger dan het recordniveau van 2024. De omzet bedroeg EUR 4,5 miljard, een stijging ten opzichte van 2024, met een toename bij zowel de divisies Offshore Energy als Towage & Salvage. Gecorrigeerd voor (de)consolidatie en valuta-effecten was de omzet op jaarbasis stabiel. De EBITDA steeg tot EUR 1,3 miljard. In 2025 waren er geen bijzondere baten of lasten, daar waar in 2024 een bijzondere bate van EUR 148 miljoen inbegrepen was in het resultaat. Het bedrijfsresultaat (EBIT gecorrigeerd voor bijzondere posten) steeg met 13,3% tot EUR 886 miljoen. De nettowinst bedroeg EUR 775 miljoen. In 2024 bedroeg de nettowinst EUR 781 miljoen, inclusief een bijzondere bate van EUR 143 miljoen. De goede resultaten komen voort uit de sterke projectuitvoering in de twee grootste divisies: Dredging & Inland Infra en Offshore Energy. De groei binnen Towage & Salvage is grotendeels te verklaren door de overname van de resterende 50% van Smit Lamnalco eind 2024. Het orderboek is met EUR 7,0 miljard fractioneel hoger ten opzichte van eind 2024. Theo Baartmans, CEO Boskalis: “2025 was in veel opzichten een uitzonderlijk jaar voor Boskalis. Met buitengewoon sterke prestaties in al onze drie divisies, een hoge bezettingsgraad van de vloot en uitstekende projectresultaten realiseerden we een recordomzet van EUR 4,5 miljard en een historisch hoge EBITDA van ruim EUR 1,3 miljard. Daarmee is 2025 financieel het meest succesvolle jaar in de lange geschiedenis van ons prachtige bedrijf. In een wereld die wordt gekenmer...

Preliminary Statement of Results for the year ended 31 December 2025 Irish Continental Group (ICG), the leading Irish-based maritime transport group, reports its financial performance for the year ended 31 December 2025. Highlights Financial Summary 2025 2024 Change Revenue €666.7m €603.8m +10.4% EBITDA €150.6m €133.5m +12.8% Operating profit €85.6m €69.1m +23.9% Basic earnings per share 46.6c 36.3c +28.4% Final dividend 10.95c 10.43c +5.0% Net debt €(256.1)m €(162.2)m +57.9% Net debt (pre-IFRS 16) €(133.5)m €(55.1)m 142.3% ROACE 18.9% 16.9% 2.0%pts Volume movements 2025 ‘000 2024 ‘000 Change RoRo units 816.7 767.2 +6.5% Cars 679.7 707.3 (3.9%) Containers shipped (teu) 370.0 317.8 +16.4% Port lifts 360.9 339.4 +6.3% This preliminary statement contains certain alternative performance measures including EBITDA, EBIT, and adjusted earnings per share. An explanation of these measures together with other abbreviated terms is provided at note 9 on pages 24 - 25 of the Condensed Financial Statements. Revenue increased by €62.9 million (10.4%) to €666.7 million. EBITDA increase of €17.1 million to €150.6 million due to a strong performance in both divisions. Cash generated from operations of €162.2 million (2024: €142.5 million) was used to fund strategic capital expenditure of €82.6 million and returns to shareholders of €123.2 million via dividends and share buybacks. Net debt at year end was €256.1 million (2024: €162.2 million). The Ferries Division delivered a strong performance during the year, supported by growth in passenger and freight revenues, through disciplined pricing and continued focus on operational efficiency. The Group completed a significant strategic milestone with the acquisition of the James Joyce. This acquisition coupled with our purchase obligation on the Oscar Wilde (agreed in the prior year, final bullet payment due in May 2026), results in full ownership of the Group’s ferry fleet. Full asset ownership enhances operational control, resilience an...

5 March 2026 2025 Results Highlights Admiral Group reports record profits for 2025 with strong contributions from across the Group 31 December 2025 31 December 2024 % change vs. 2024 Group profit before tax from continuing operations2 £957.9m £826.5m +16% Earnings per share from continuing operations2 247.4p 212.8p +16% Dividend per share 205.0p 192.0p +7% Return on equity1 53% 56% -3pts Group turnover1 2 £5.90bn £5.95bn -1% Insurance revenue2 £4.98bn £4.55bn +9% Group risks1 2 11.8m 11.0m +7% UK insurance risks1 9.6m 8.8m +9% European insurance risks1 1.9m 2.0m -2% Admiral Money gross loan balances £1.46bn £1.17bn +24% Solvency ratio (post-dividend)1 193% 203% -10pts 1 Alternative Performance Measures – refer to the end of the report for definition and explanation. 2 Re-presented on a continuing operations basis, to exclude the US Insurance result. Over 13,000 employees will each receive free share awards worth up to £1,800 under the employee share schemes based on the full year 2025 results. Comment from Milena Mondini de Focatiis, Group Chief Executive Officer: “2025 was an exceptional year for Admiral, reflecting the strength of our business model, our discipline and the quality of execution across the Group. We reported record profits, continued to grow our customer base and diversify our business, while maintaining momentum in how we invest and innovate. “The Group reported profit of £958 million, up 16 per cent, supported by customer growth of 7 per cent. UK Motor delivered an exceptional performance, surpassing £1 billion of profit, while our other UK personal lines, Admiral Money and European Motor operations together generated nearly £100 million of profit, with strong results in France and a rapid recovery in Italy. “Our focus on customers remains central. Investment in our digital journeys, app functionality and product development continue to improve everyday experiences for customers, underpinned by our customer promise of value, trust and ease. This i...

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501 Afghans Sue Germany Over Revoked Resettlement Promises, Demand Entry Into Europe Authored by Thomas Brooke via REMIX , A total of 501 Afghan nationals are currently suing the German government after previously granted commitments to admit them into the country were withdrawn. The cases are directed against Germany’s Federal Office for Migration and Refugees (BAMF), which revoked earlier pledges by the previous federal government to allow the individuals to resettle in Germany. The total number of legal cases was revealed following a parliamentary inquiry by the Left Party. Despite the growing number of legal challenges, t he Federal Ministry of the Interior has stated that a change in policy is “not intended,” Welt reported. Most of the plaintiffs are currently in Pakistan, where authorities have called on Afghan nationals without long-term status to leave the country immediately. Many of those affected had previously received assurances of admission under resettlement programs introduced following the Taliban’s return to power in August 2021. The legal action is being backed by left-wing NGOs as well as politicians from The Left. Clara Bünger, the party’s asylum spokesperson, described it as “shameful” that Afghans must sue to enforce what she said were firm pledges made by Berlin, and demanded that all original commitments be implemented without delay. Their situation has deteriorated significantly in recent months. In July 2025, Pakistan began detaining Afghan nationals who had been earmarked for relocation to Germany but remained stuck in Islamabad after German authorities failed to complete their cases within the agreed timeframes. Around 2,500 Afghans were left in legal limbo as German background checks and visa procedures dragged on far beyond the three-month validity of Pakistani visas — often taking up to eight months. A total of 501 Afghan nationals are currently suing the German government after previously granted commitments to admit them into the co...

财联社3月5日讯（记者 何凡） 疫苗作为守护人民健康的“第一道防线”，是降低疾病负担、减少死亡风险最经济有效的手段之一。在2026年全国两会期间，全国政协委员、康希诺生物（688185.SH）首席科学官朱涛继续立足生物医药与大健康产业发展，在财联社记者采访过程中，他表示今年将继续关注公共卫生健康领域，聚焦青少年及成人疫苗接种。建议以医防融合为抓手，构建并完善全生命周期免疫规划体系。 （康希诺生物供图） 青少年及成人疫苗接种对于传染病防控的影响应予以高度重视 朱涛在接受财联社记者采访时认为，我国婴幼儿疫苗接种保障体系持续完善、接种率稳步提升，但随着人口流动加剧、疾病流行特征迭代、老龄化进程加快，青少年及成人疫苗可预防传染病发病仍需重视。有数据显示，我国18-59岁成年人群流感疫苗接种率仅为0.52%，60岁以上人群流感疫苗接种率不足10%，肺炎球菌疫苗、带状疱疹疫苗等重点疫苗接种率更低。 “在此背景下，我认为有三个方面的工作。”朱涛告诉财联社记者，“一是我国免疫规划长期聚焦婴幼儿，青少年及成人疫苗接种对于传染病防控的影响应予以高度重视；其二，医防协同机制衔接有待完善，二级及以上医疗机构成人接种门诊覆盖率偏低，疫苗处方制度试点推进工作仍受医务人员激励机制不健全，基层接种专业能力有待提升等问题的制约。其三，公众认知仍需不断加强，“疫苗犹豫”现象仍然存在。 据悉，目前被纳入国家免疫规划的青少年及成人疫苗，主要围绕高发传染病防控，以及特定人群保护（如青少年百白破疫苗加强、成人应急疫苗）设计等。以HPV疫苗为例，2025年国家疾控局等7部门联合决定自2025年11月10日起，将HPV疫苗纳入国家免疫规划，组织各地为2011年11月10日以后出生的满13周岁女孩免费接种2剂次双价HPV疫苗。 此外，多地政府不断加大免疫规划工作的力度，纳入免疫规划的疫苗可预防疾病逐年增长，在最新版北京市免疫规划疫苗免疫程序中，满足条件的学生可免费进行水痘疫苗应急接种，认定的重大活动应急保障人员等重点人群免费接种流感疫苗等。 创新疫苗企业应为全人群接种提供产业支撑 当前我国疫苗行业正经历深刻转型，mRNA疫苗、基因工程疫苗等创新品种研发进展显著，但同时同质化竞争严重，价格“内卷”等问题突出。康希诺生物方面在财联社记者采访时表示，当前国际疫苗市场在RSV疫苗、mRNA带状疱疹疫苗、肿瘤疫苗等前沿领域竞...