The UAE has made a shock exit from OPEC blindsiding its partners and diluting the cartel's ability to steer oil prices via supply cuts. Amir Handjani, Non-resident fellow at the Quincy Institute for Responsible Statecraft spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the move and whether it was a political or economical decision. (Source: Bloomberg)
The UAE has made a shock exit from OPEC blindsiding its partners and diluting the cartel's ability to steer oil prices via supply cuts. Amir Handjani, Non-resident fellow at the Quincy Institute for Responsible Statecraft spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the move and whether it was a political or economical decision. (Source: Bloomberg)
The leader of Mali’s military government, Assimi Goita, on Tuesday made his first public appearance since insurgents launched coordinated attacks over the weekend, vowing in a televised address to “neutralise” those responsible. West Africa’s al-Qaeda affiliate and a Tuareg-dominated separatist group hit Mali’s main army base and the area near Bamako’s airport in the attacks on Saturday, while al...
The leader of Mali’s military government, Assimi Goita, on Tuesday made his first public appearance since insurgents launched coordinated attacks over the weekend, vowing in a televised address to “neutralise” those responsible. West Africa’s al-Qaeda affiliate and a Tuareg-dominated separatist group hit Mali’s main army base and the area near Bamako’s airport in the attacks on Saturday, while also pushing Russian troops supporting government forces out of the strategic town of Kidal in the...
JHVEPhoto Taiwan's leading chipmaker TSMC ( TSM ) sold its investment in Arm Holdings ( ARM ), fully exiting its holdings in the UK-based chip designer. Its subsidiary TSMC Partners sold 1.11M shares of Arm Holdings ( ARM ) between April 28 and 29 at $207.65 apiece, generating roughly $231M in proceeds, Reuters reported, citing regulatory filings. The transaction resulted in a $174M impact on earn...
JHVEPhoto Taiwan's leading chipmaker TSMC ( TSM ) sold its investment in Arm Holdings ( ARM ), fully exiting its holdings in the UK-based chip designer. Its subsidiary TSMC Partners sold 1.11M shares of Arm Holdings ( ARM ) between April 28 and 29 at $207.65 apiece, generating roughly $231M in proceeds, Reuters reported, citing regulatory filings. The transaction resulted in a $174M impact on earnings, and the company said it was a part of broader equity investment disposal strategy, aligning with its ongoing portfolio optimization efforts. More on Taiwan Semiconductor Manufacturing Company TSMC: The Vital Cog Of The AI Revolution Is Sending A Powerful Growth Signal Taiwan Semiconductor: The AI Boom Is Broadening, And That Matters TSMC: The Market Is Pricing A Foundry Like A Cyclical. It Is Not One. Conflict in Middle East weighs on company coffers, clouds outlook Google likely to work with MediaTek for 8th-gen TPUs: report
UBS generated a net profit attributable to shareholders of $3 billion for the first quarter, up 80% year-on-year and surpassing the $2.8 billion estimated by analysts, according to an LSEG-compiled consensus poll. The Swiss banking and asset management giant's common equity tier (CET) 1 capital ratio — a gauge of a bank's solvency — also increased, reaching 14.7% during the period, up from 14.4% t...
UBS generated a net profit attributable to shareholders of $3 billion for the first quarter, up 80% year-on-year and surpassing the $2.8 billion estimated by analysts, according to an LSEG-compiled consensus poll. The Swiss banking and asset management giant's common equity tier (CET) 1 capital ratio — a gauge of a bank's solvency — also increased, reaching 14.7% during the period, up from 14.4% the previous quarter. The bank remains on track to buy back $3 billion in shares ahead of its next earnings report for the second quarter, having repurchased $900 million of shares during the three-month period. Underlying profits before tax totaled $3.9 billion, up 54% year-on-year and beating analyst expectations of $3.2 billion. Stock Chart Icon Stock chart icon UBS. This is a breaking news story, please check for further updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Fiverr International press release ( FVRR ): Q1 Non-GAAP EPS of $0.62 beats by $0.01 . Revenue of $105.5M (-1.6% Y/Y) beats by $1.24M . Marketplace revenue in the first quarter of 2026 was $67.1 million, compared to $77.7 million in the first quarter of 2025, a decline of 13.6% year over year. Annual active buyers 1 as of March 31, 2026, were 2.9 million, compared to 3.5 million as of March 31, 20...
Fiverr International press release ( FVRR ): Q1 Non-GAAP EPS of $0.62 beats by $0.01 . Revenue of $105.5M (-1.6% Y/Y) beats by $1.24M . Marketplace revenue in the first quarter of 2026 was $67.1 million, compared to $77.7 million in the first quarter of 2025, a decline of 13.6% year over year. Annual active buyers 1 as of March 31, 2026, were 2.9 million, compared to 3.5 million as of March 31, 2025, a decline of 17.8% year over year. Annual spend per buyer 1 as of March 31, 2026, reached $356, compared to $309 as of March 31, 2025, an increase of 15.4% year over year. Marketplace take rate 1 for the twelve months period ended March 31, 2026 and 2025 was 27.7%. Services revenue in the first quarter of 2026 was $38.4 million, compared to $29.5 million in the first quarter of 2025, an increase of 30.0% year over year. Free cash flow 1 in the first quarter of 2026 was $21.0 million, compared to $27.4 million in the first quarter of 2025, a decrease of 23.2% year over year. Adjusted EBITDA 1 in the first quarter of 2026 was $22.6 million, compared to $19.4 million in the first quarter of 2025. Financial Outlook Our Q2'26 and full-year 2026 guidance reflect the recent trends in our marketplace. Q2 2026 FY 2026 Revenue $95 - $103 million vs. consensus of $101.34M $380 - $420 million vs. consensus of $403.17M y/y growth (13)% - (5)% (12)% - (3)% Adjusted EBITDA (1) $16 - $20 million $64 - $80 million Click to enlarge More on Fiverr International Fiverr: Likely Value Trap In The Age Of AI Fiverr: The Bleeding Will Be Tough To Stop As Growth Slows (Rating Downgrade) Fiverr International Ltd. (FVRR) Q4 2025 Earnings Call Transcript Fiverr International Q1 2026 Earnings Preview Quant snapshot: AXT, Chevron lead top-rated names as CBIZ, Grid Dynamics lag
Thailand’s vision for a land bridge splits opinion: some see it as a crucial new Asian trade route for a global economy held hostage by geography, while others view it as an expensive and environmentally ruinous distraction for a kingdom with plenty already on its plate. But to its backers, the proposed road and rail corridor, bookended by ports on the Gulf of Thailand and another 90km (56 miles) ...
Thailand’s vision for a land bridge splits opinion: some see it as a crucial new Asian trade route for a global economy held hostage by geography, while others view it as an expensive and environmentally ruinous distraction for a kingdom with plenty already on its plate. But to its backers, the proposed road and rail corridor, bookended by ports on the Gulf of Thailand and another 90km (56 miles) away on the Andaman Sea, to bypass a vital chokepoint, has never felt more urgent. Iran’s virtual...