In late March 2026, Palantir Technologies Inc. announced a renewed five-year partnership with Stellantis that expands the automaker’s use of the Foundry platform and introduces the Artificial Intelligence Platform into select functions and regions to industrialize data and AI across its global operations. At the same time, the Pentagon’s move to formalize Palantir’s Maven AI system as a program of...
In late March 2026, Palantir Technologies Inc. announced a renewed five-year partnership with Stellantis that expands the automaker’s use of the Foundry platform and introduces the Artificial Intelligence Platform into select functions and regions to industrialize data and AI across its global operations. At the same time, the Pentagon’s move to formalize Palantir’s Maven AI system as a program of record underscores the company’s growing role as core infrastructure for long-term military and...
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. An independent committee investigating the cause of Hong Kong’s deadliest inferno in decades is expected to conclude its first round of evidential hearings on Thursday, with the role of the property management firm at blaze-hit Wang Fuk Court under scrutiny. La...
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. An independent committee investigating the cause of Hong Kong’s deadliest inferno in decades is expected to conclude its first round of evidential hearings on Thursday, with the role of the property management firm at blaze-hit Wang Fuk Court under scrutiny. Lam Man-yan, technical officer with ISS EastPoint - the property manager of the Tai Po housing estate...
Perched on top of a shoe shelf at the entrance of Veriff’s headquarters in Tallinn, Estonia, is a sign of a cartoon unicorn that reads “Welcome to Unicorn Land!”, serving as a reminder of the identity verification company’s rise from a local start-up to a valuation of US$1.5 billion in seven years. Veriff, which boasts clients including PayPal, Bumble and Visa, was founded by Kaarel Kotkas in 2015...
Perched on top of a shoe shelf at the entrance of Veriff’s headquarters in Tallinn, Estonia, is a sign of a cartoon unicorn that reads “Welcome to Unicorn Land!”, serving as a reminder of the identity verification company’s rise from a local start-up to a valuation of US$1.5 billion in seven years. Veriff, which boasts clients including PayPal, Bumble and Visa, was founded by Kaarel Kotkas in 2015. It is one of at least 10 unicorn companies – privately held start-ups valued at more than US$1...
Treasuries dropped across the curve after President Donald Trump’s threatening tone toward Iran in a prime-time address pushed up oil prices and added to concern over inflation. US two-year yields climbed four basis points to 3.84%, while those on 10-year notes rose four basis points 4.36%. The dollar strengthened against all its Group-of-10 peers. The president said the US plans to launch fresh a...
Treasuries dropped across the curve after President Donald Trump’s threatening tone toward Iran in a prime-time address pushed up oil prices and added to concern over inflation. US two-year yields climbed four basis points to 3.84%, while those on 10-year notes rose four basis points 4.36%. The dollar strengthened against all its Group-of-10 peers. The president said the US plans to launch fresh attacks on Iran within the next two to three weeks even though the war is “very close” to completion. Brent crude jumped as much as 5.3% following his comments, further reducing the prospect that the Federal Reserve will be able to cut interest rates this year. “Trump’s speech left some risks that the war will drag on,” said Naokazu Koshimizu , a senior rates strategist at Nomura Securities Co. in Tokyo. “Rate-hike positions will likely build” in markets as resilient US economic data and sticky inflation may make the Fed more cautious about policy easing, he said.
China’s southern industrial hub of Guangdong has asked local power producers to rebuild coal stockpiles, curb the use of gas and accelerate the addition of nuclear generation, in a sign that even the world’s second-largest economy is beginning to feel the impact of war in the Middle East. The country’s top energy-consuming region — particularly exposed to global market turbulence due to its heavy ...
China’s southern industrial hub of Guangdong has asked local power producers to rebuild coal stockpiles, curb the use of gas and accelerate the addition of nuclear generation, in a sign that even the world’s second-largest economy is beginning to feel the impact of war in the Middle East. The country’s top energy-consuming region — particularly exposed to global market turbulence due to its heavy reliance on imports and to dry weather , given its use of hydropower — has asked grid operators to actively prepare for the summer peak in demand, according to people with knowledge of the matter. Generation companies have been told to increase coal reserves to the equivalent of at least 20 days of consumption, and preferably 25 days as a precaution, the people said. They asked not to be named as discussions are not public. Industry data from the China Coal Transportation and Distribution Association show Guangdong’s average coal inventory has fallen to about 12.6 days, below the standard threshold of 15 days’ usage and the higher level required by the provincial government. Gas power generation has declined across China’s coastal regions since the month-long war began, particularly after Iran’s strikes on Qatar’s vital Ras Laffan liquefied natural gas plant raised the prospect of a lengthy disruption to markets. The province will cap gas use by its power sector at 19 billion cubic meters for the full year, below 21 bcm consumed last year, according to the people. Regulators have also called on China General Nuclear Power Group to resume operations at one nuclear reactor currently under overhaul, and bringing two new units online by July, the people said. The Guangdong government did not immediately respond to a faxed request for comments. Read More: China’s Industrial Hub Sees Coal Demand Rise as Gas Use Shrinks To date, Chinese energy markets have proven relatively resilient to the disruptions stemming from the war in Iran, in part thanks to a long-standing policy of self...
Prediction: Nvidia's Vera Rubin Platform Will Create at Least 2 New Artificial Intelligence (AI) Millionaire-Maker Stocks by the End of 2026 The Motley Fool
Prediction: Nvidia's Vera Rubin Platform Will Create at Least 2 New Artificial Intelligence (AI) Millionaire-Maker Stocks by the End of 2026 The Motley Fool
In this week’s Hong Kong Edition, we reflect on the city’s exposure to volatile global energy markets and chat with the proprietor of one of the most unique events of Art March. For the Review, we venture to Sha Tin for a one-of-a-kind izakaya experience. To subscribe to this weekly newsletter for free, click here . Gone With the Windmill So long, Lamma Winds. Hong Kong’s one and only commercial w...
In this week’s Hong Kong Edition, we reflect on the city’s exposure to volatile global energy markets and chat with the proprietor of one of the most unique events of Art March. For the Review, we venture to Sha Tin for a one-of-a-kind izakaya experience. To subscribe to this weekly newsletter for free, click here . Gone With the Windmill So long, Lamma Winds. Hong Kong’s one and only commercial wind turbine is meeting its end after 20 years, a demise all the more poignant as Asia finds itself in the middle of an energy crisis with oil flouncing around the $100 mark. The surging crude price is a sharp reminder of Hong Kong’s exposure to global energy markets, which will persist even if there’s a rapid de-escalation in the Middle East. Hong Kong imports nearly all of its energy, and power generation is dominated by fossil fuels , making it particularly vulnerable to global market palpitations . It’s most apparent perhaps at the petrol pump, where prices are around HK$32 ($4.1) a liter. That works out to $15 a gallon — the world’s most expensive — whereas the US just crossed the $4 mark . But of course, that affects a relatively small minority. What everybody will certainly feel in the not-too-distant future is the impact on electricity bills, just as we head into peak air-conditioning season. Coal and gas make up more than 97% of the city’s source of electricity. Hong Kong’s power is provided by two private companies, CLP and HK Electric , which serve different areas of the city. Their contracts run through 2033 and allow the suppliers to reflect global fuel costs in the prices they charge consumers, with a time lag. That may happen from the middle of the year, according to Ortis Fan, a Bloomberg Intelligence analyst based in Hong Kong. “For the electricity price, we will see a jump, but it will be in summertime,” Fan said. So that brings us to the demise of the Lamma windmill and the options the city has to ease its dependence on imported fossil fuels. Domestic ener...