Prime minister explicitly blames US president for British consumers’ higher bills as he concludes tour of Gulf states Yesterday Keir Starmer met with the king of Bahrain, Hamad bin Isa Al Khalifa , and the crown prince and prime minister, Salman bin Hamad bin Isa Al Khalifa . This is what No 10 said in the readout from their talks. The prime minister strongly condemned the Iranian attacks on Bahra...
Prime minister explicitly blames US president for British consumers’ higher bills as he concludes tour of Gulf states Yesterday Keir Starmer met with the king of Bahrain, Hamad bin Isa Al Khalifa , and the crown prince and prime minister, Salman bin Hamad bin Isa Al Khalifa . This is what No 10 said in the readout from their talks. The prime minister strongly condemned the Iranian attacks on Bahrain and reflected on his conversations so far with other leaders in the region. He reiterated the importance of ensuring the ceasefire is upheld in order to pave the way for lasting peace. He said that the UK would continue to stand shoulder to shoulder with Bahrain and other allies in the region. Continue reading...
Richelieu Hardware press release ( RHUHF ): Q1 GAAP EPS of $0.26. Revenue of $463.6M (+5.0% Y/Y). Adjusted cash flows from operating activities of $37.9 million. EBITDA of $43.2 million, up 1.9 % - EBITDA margin of 9.3 %. Strong financial position as at February 28, 2026 - working capital of $625.7 million - ratio of 3.2:1. Quarterly dividend of $0.1566 per share payable on May 7, 2026 to sharehol...
Richelieu Hardware press release ( RHUHF ): Q1 GAAP EPS of $0.26. Revenue of $463.6M (+5.0% Y/Y). Adjusted cash flows from operating activities of $37.9 million. EBITDA of $43.2 million, up 1.9 % - EBITDA margin of 9.3 %. Strong financial position as at February 28, 2026 - working capital of $625.7 million - ratio of 3.2:1. Quarterly dividend of $0.1566 per share payable on May 7, 2026 to shareholders of record on April 23, 2026. More on Richelieu Hardware Richelieu Hardware Ltd. (RCH:CA) Q1 2026 Earnings Call Transcript Richelieu Hardware Ltd. (RCH:CA) Q4 2025 Earnings Call Transcript Historical earnings data for Richelieu Hardware Dividend scorecard for Richelieu Hardware Financial information for Richelieu Hardware
Reports say Fed chair Jerome Powell among attenders at meeting in Washington The US Treasury secretary, Scott Bessent, summoned major American bank chiefs to a meeting in Washington this week amid concerns over the cyber risks posed by Anthropic’s latest AI model, according to reports. Bosses including the Federal Reserve chair, Jerome Powell, were said to have gathered at the Treasury headquarter...
Reports say Fed chair Jerome Powell among attenders at meeting in Washington The US Treasury secretary, Scott Bessent, summoned major American bank chiefs to a meeting in Washington this week amid concerns over the cyber risks posed by Anthropic’s latest AI model, according to reports. Bosses including the Federal Reserve chair, Jerome Powell, were said to have gathered at the Treasury headquarters for the meeting after the release of the Claude Mythos AI model that Anthropic says poses unprecedented cybersecurity risks . Continue reading...
Douglas Rissing/iStock via Getty Images By OpenMarkets Recent financial and commodity market behavior reveals an unusual pattern: volatility seems to be everywhere at once. Oil prices are facing major swings. Treasury bonds are experiencing increased moves. The dollar is appreciating against many currencies. Gold, traditionally the safe haven during uncertain times, is on the move, but with prices...
Douglas Rissing/iStock via Getty Images By OpenMarkets Recent financial and commodity market behavior reveals an unusual pattern: volatility seems to be everywhere at once. Oil prices are facing major swings. Treasury bonds are experiencing increased moves. The dollar is appreciating against many currencies. Gold, traditionally the safe haven during uncertain times, is on the move, but with prices falling instead of climbing since the outbreak of war in the Middle East. This energy shock is even causing fertilizer prices to increase, as natural gas is a component in fertilizer. This simultaneous volatility represents a textbook case of cross-asset contagion. When shocks in one market ripple across seemingly unrelated assets, it complicates decision-making for everyone from Federal Reserve policymakers to portfolio managers to businesses to consumers. The spillover is evident in CME Group’s CVOL Index, which measures market expectations for 30-day forward implied volatility. The gauge has spiked for both crude oil and Treasuries, with a full-curve measure of Treasury volatility recently reaching levels not seen since Liberation Day in 2025 – a milestone that previously marked a turning point in market sentiment. This uncertainty reflects growing unease among investors about whether recent geopolitical tensions will reignite the kind of energy-driven inflation that impacted the economy like it did in the 2021-2023 period. Convexity Peaking Signals Directional Uncertainty, Followed by Spike in Skew Ratio For fixed-income investors, Treasury convexity behavior may be even more concerning than headline volatility figures. Convexity – a technical measure that reflects the directional uncertainty in bond markets – has been climbing gradually since late 2025, but recent events accelerated that rise in early March, suggesting traders are positioning for larger-than-normal price swings in either direction. When convexity rises, it signals directional uncertainty. Investors ar...
OpenAI Pauses U.K. Stargate Over "Regulation And Power Costs" OpenAI's broader Stargate push to build next-generation AI infrastructure in the UK has been put on hold, with the company citing regulatory conditions and high energy costs as major obstacles to long-term investment. That outcome is hardly surprising: Britain, like much of dying Europe, has layered on regulatory burdens, while years of...
OpenAI Pauses U.K. Stargate Over "Regulation And Power Costs" OpenAI's broader Stargate push to build next-generation AI infrastructure in the UK has been put on hold, with the company citing regulatory conditions and high energy costs as major obstacles to long-term investment. That outcome is hardly surprising: Britain, like much of dying Europe, has layered on regulatory burdens, while years of backfiring 'green' energy policies have left power costs structurally elevated. It's a toxic mix for power-hungry AI data center buildouts. "We see huge potential for the UK's AI future," OpenAI told Bloomberg in an emailed statement earlier today. "AI compute is foundational to that goal — we continue to explore Stargate UK and will move forward when the right conditions, such as regulation and the cost of energy, enable long-term infrastructure investment ." Stargate UK is just one piece of OpenAI's much larger global expansion plan, which involves spending hundreds of billions (up to $500bln) on AI infrastructure to localize and scale AI capabilities. The pause in Stargate UK signals that growth in AI data center buildouts is colliding with power constraints and regulations in the Western world, as left-wing leaders prioritize de-growth economies with extremist climate policies, while on the other side of the world, China did the complete opposite and boosted baseload capacity on the grid with some of the dirtiest mix of power generation. Similar OpenAI projects are underway in Norway and the United Arab Emirates. The core buildout has been in the US, specifically the flagship data center in Abilene, Texas. However, the company abandoned a planned expansion of that data center. OpenAI's global compute buildout takeaway: US = scale + policy support Middle East = capital + energy Nordics = cheap power + cooling UK/Europe = constrained by cost + regulation Last week, Bloomberg reported that nearly half of the US data centers planned for this year were delayed or canceled -...
Greggory DiSalvo/iStock Editorial via Getty Images Germany’s Deutsche Lufthansa (DLKAF) is facing major travel disruption after a cabin crew strike called by the UFO union, with more than 500 flights expected to be canceled. The one-day strike, scheduled for April 10, runs from 00:01 to 22:00 CET, primarily affecting departures from Frankfurt and Munich hubs, plus Lufthansa CityLine flights from n...
Greggory DiSalvo/iStock Editorial via Getty Images Germany’s Deutsche Lufthansa (DLKAF) is facing major travel disruption after a cabin crew strike called by the UFO union, with more than 500 flights expected to be canceled. The one-day strike, scheduled for April 10, runs from 00:01 to 22:00 CET, primarily affecting departures from Frankfurt and Munich hubs, plus Lufthansa CityLine flights from nine German airports, including Hamburg, Berlin, and Düsseldorf. The strike is expected to impact around 90,000 passengers returning home for the Easter holidays. The UFO union, representing about 19,000 cabin crew, is demanding better working conditions, rosters, and a social plan for CityLine employees amid stalled talks. “This situation could have been avoided—the responsibility lies with Lufthansa, which has not even managed to submit a negotiable offer so far,” explained h ead of UFO, Joachim Vázquez Bürger. It marks the third major labor disruption lately for Lufthansa ( DLAKF ) amid ongoing disputes with unions. More on Deutsche Lufthansa AG Lufthansa: MRO-Driven Upside And Cash Flow Momentum Reiterate 'Buy' Deutsche Lufthansa AG 2025 Q4 - Results - Earnings Call Presentation Deutsche Lufthansa AG (DLAKY) Q4 2025 Earnings Call Transcript Five undervalued large cap airline carriers amid turbulent stock prices Lufthansa sees strong profit but flags Middle East conflict risk