Legislation is latest step in Giorgia Meloni’s far-right government’s crackdown on irregular migration Italy’s prime minister says her government will deploy every tool at its disposal to “guarantee the security of our borders” after approving a bill authorising naval blockades to stop boats from arriving in Italy during periods of “exceptional pressure”. The bill is the latest step in the crackdo...
Legislation is latest step in Giorgia Meloni’s far-right government’s crackdown on irregular migration Italy’s prime minister says her government will deploy every tool at its disposal to “guarantee the security of our borders” after approving a bill authorising naval blockades to stop boats from arriving in Italy during periods of “exceptional pressure”. The bill is the latest step in the crackdown on irregular immigration by Giorgia Meloni’s far-right government, which has included tough measures against charity rescue ships, harsher jail terms for human smugglers and schemes aimed at swiftly repatriating people . Continue reading...
Billionaire’s business has in recent years claimed UK and EU support for refineries and chemicals plants worth about €800m Jim Ratcliffe apologises for ‘choice of language’ after saying immigrants were ‘colonising’ UK The backlash against Sir Jim Ratcliffe’s comments about immigrants to the UK “costing too much” for the state comes at an awkward time for his loss-making Ineos business. The billion...
Billionaire’s business has in recent years claimed UK and EU support for refineries and chemicals plants worth about €800m Jim Ratcliffe apologises for ‘choice of language’ after saying immigrants were ‘colonising’ UK The backlash against Sir Jim Ratcliffe’s comments about immigrants to the UK “costing too much” for the state comes at an awkward time for his loss-making Ineos business. The billionaire industrialist’s sprawling empire, which ranges from chemicals to car making, has sought government financial support worth hundreds of millions of pounds and is lobbying for further state aid from the UK and EU to stay afloat. Continue reading...
tiero/iStock via Getty Images Nebius Q4 Earnings Review Nebius Group ( NBIS ) reported fourth quarter earnings before market open on Thursday, and after getting an initial bump, the stock looks to be heading sideways. The company looks on track to meet its data center build-out timelines and to achieve expected EBITDA margins. Data by YCharts In my last piece on NBIS, I discussed the company's com...
tiero/iStock via Getty Images Nebius Q4 Earnings Review Nebius Group ( NBIS ) reported fourth quarter earnings before market open on Thursday, and after getting an initial bump, the stock looks to be heading sideways. The company looks on track to meet its data center build-out timelines and to achieve expected EBITDA margins. Data by YCharts In my last piece on NBIS, I discussed the company's competitive moat and the factors that led me to accumulate the stock to the point it's my largest holding. I rated the stock a Strong Buy, and it has since declined by 17%. That article can be read here . Of course, NBIS stock has popped and dropped by a lot more than 17% over the last few months, so I'm not exactly sweating the decline. As investor interest in NBIS has grown, a lot of eyes have been turning towards this earnings report for an indication of when the next upswing for shares might be on the way. Because of how much of the company's business is backlogged for years down the road, current quarter results and even guidance aren't going to be what makes or breaks the market reaction, but it is still useful to see the trajectory of operating results. With that, let's recap Q4 2025 earnings : Nebius Q4 2025 Earnings Report I guess the Dutch do things left to right, but we can see that revenue growth accelerated significantly, as expected, up 547% YoY to $228 million; adjusted EBITDA turned positive for the first time at $15 million, and the company's net loss widened as operating expenses increased. None of this is particularly surprising since Nebius was building from a revenue base of basically zero as it scaled out its AI data center operations, but we are starting to see the gradual ramp for ARR truly explode. The first quarter of positive EBITDA is always exciting, and the company claimed a 24% adjusted EBITDA margin for its core AI infrastructure business in the quarter, which is quite good for the early innings. Speaking of ARR, Nebius provided updated FY2025 A...
In a letter to Apple CEO Tim Cook, FTC chair Andrew Ferguson cited reports from Media Research Center, a right-leaning think tank, which accused Apple of excluding right-leaning outlets from the top 20 articles in the Apple News feed.
In a letter to Apple CEO Tim Cook, FTC chair Andrew Ferguson cited reports from Media Research Center, a right-leaning think tank, which accused Apple of excluding right-leaning outlets from the top 20 articles in the Apple News feed.
India will need favorable terms to enter into long-term liquefied natural gas purchase deals with the US as the market is highly price sensitive, according to the chief executive officer of the country’s top LNG importer. “India is looking to source energy at the most competitive and affordable price for consumers,” Petronet LNG Ltd. ’s Akshay Kumar Singh said. “No one is saying you buy at any cos...
India will need favorable terms to enter into long-term liquefied natural gas purchase deals with the US as the market is highly price sensitive, according to the chief executive officer of the country’s top LNG importer. “India is looking to source energy at the most competitive and affordable price for consumers,” Petronet LNG Ltd. ’s Akshay Kumar Singh said. “No one is saying you buy at any cost.” The comments comes as US President Donald Trump’s administration pushes New Delhi to ramp up energy purchases — including crude oil, liquefied petroleum gas, LNG and coking coal — as part of an interim trade deal that seeks to boost American exports to about $500 billion. The US was India’s third-largest LNG supplier last year — behind Qatar and the United Arab Emirates — accounting for 12% of total imports of 25 million tons, according to Kpler data. India’s overall buying could jump fourfold as the South Asian nation aims to lift the share of gas in its energy mix to 15% from 6% by the end of the decade. For countries such as the US and Qatar, that would open up an important market, particularly as new liquefaction plants start operations and production increases. However, higher freight and logistics risks make US LNG less attractive for Indian buyers. Rigid long-term take-or-pay contract structures add to buyers’ discomfort. Long-term LNG deals aren’t just about settling at a price, but include clauses such as penalties to be paid if buyers fail to lift agreed volumes, Singh said. Most of the US supply deals are linked to Henry Hub, the benchmark for natural gas prices, that can swing sharply due to weather and storage levels in the domestic market. Indian buyers favor Brent-linked contracts as those prices are generally less volatile. Last month, a US delegation met with Indian energy companies on the sidelines of the India Energy Week conference in Goa to explore opportunities for long-term contracts for US crude oil and LNG, according to a statement by the US emb...
The White House sought to ramp up pressure on JPMorgan Chase & Co. ’s Jamie Dimon to cap credit card interest rates, a demand of President Donald Trump amid his push to address affordability. “James Dimon, lower your friggin’ credit card interest rates. You are a criminal the way you charge the American people at 22, 25 and 30% and the president wants you to lower that,” White House trade adviser ...
The White House sought to ramp up pressure on JPMorgan Chase & Co. ’s Jamie Dimon to cap credit card interest rates, a demand of President Donald Trump amid his push to address affordability. “James Dimon, lower your friggin’ credit card interest rates. You are a criminal the way you charge the American people at 22, 25 and 30% and the president wants you to lower that,” White House trade adviser Peter Navarro said Thursday in a Bloomberg Radio interview. “Jamie, until you do that, please refrain from commenting on other public policies.” Trump’s push for a yearlong, 10% limit on interest rates has drawn pushback from some of the largest banks and card issuers. Dimon last month said the move would spark an “economic disaster” for the US, causing many lenders to pull credit lines for consumers. Bank executives have argued that setting an interest rate ceiling would cut off access to cards for consumers with poor credit scores, forcing them to rely on more expensive and less reliable venues such as payday lenders. Trump, however, has made a flurry of demands of the financial, housing and food industries as he looks to convince voters that he is taking cost-of-living concerns seriously ahead of November’s midterm elections. Polls show Americans see the economy as the top issue and they give the president poor marks for his handling of it, imperiling Republicans’ chances of keeping control of Congress.
The United Nations’ Food and Agriculture Organization plans to mobilize more than $200 million in private investment for Ivory Coast’s agriculture sector. The agency will seek to raise the funds at a forum in the West African nation’s commercial capital, Abidjan, later this year, with the goal of channeling fresh capital directly to farmers and agribusinesses, FAO country representative Joseph Nye...
The United Nations’ Food and Agriculture Organization plans to mobilize more than $200 million in private investment for Ivory Coast’s agriculture sector. The agency will seek to raise the funds at a forum in the West African nation’s commercial capital, Abidjan, later this year, with the goal of channeling fresh capital directly to farmers and agribusinesses, FAO country representative Joseph Nyemah said in an interview on Thursday. The gathering, to be organized in conjunction with Ivory Coast’s agriculture ministry, forms part of the FAO’s global Hand-in-Hand initiative to modernize food systems and reduce poverty. It will convene international investors and more than 600 domestic producers of crops, including cocoa, rice, palm oil, rubber and fisheries. Ivory Coast is the world’s biggest cocoa producer. Farming is the third-biggest contributor to the nation’s $87 billion economy, after mining and services, according to official data.
Tom Homan says that Trump has backed ‘significant drawdown’ in the state, where two US citizens have died US politics live – latest updates The Trump administration has claimed it is drawing down its immigration crackdown in Minnesota that led to the death of two US citizens, mass detentions and widespread protests. The move was announced by Tom Homan, the US border czar, at a press briefing on Th...
Tom Homan says that Trump has backed ‘significant drawdown’ in the state, where two US citizens have died US politics live – latest updates The Trump administration has claimed it is drawing down its immigration crackdown in Minnesota that led to the death of two US citizens, mass detentions and widespread protests. The move was announced by Tom Homan, the US border czar, at a press briefing on Thursday. Continue reading...
USA Rare Earth (NASDAQ: USAR) stock is up an incredible 83% year to date, rising 88.4% in January, according to data from S&P Global Market Intelligence . There's no doubt about the reason; the company finally secured the collaboration agreement with the U.S. Government that the market had speculated about ever since its peer, MP Materials , got its deal last July. The agreement was announced in l...
USA Rare Earth (NASDAQ: USAR) stock is up an incredible 83% year to date, rising 88.4% in January, according to data from S&P Global Market Intelligence . There's no doubt about the reason; the company finally secured the collaboration agreement with the U.S. Government that the market had speculated about ever since its peer, MP Materials , got its deal last July. The agreement was announced in late January and has pros and cons for investors. On the one hand, the issue of shares and warrants to the government and private investors diluted existing shareholders' interests and introduced an element of political risk inherent in a public-private collaboration. On the other hand, the raising of $3.1 billion in funding ($1.3 billion in a senior secured loan, and $277 million from the sale of equity to the government, and $1.6 billion in private investment in equity) significantly derisks the company's business plan, and caused management to raise its medium term operational expectations as well as outline financial targets for 2030. Continue reading