The president, a longtime critic of Nato, has stepped up criticism after allies refused to join the US-Israel war on Iran Donald Trump has said he is “absolutely” considering withdrawing the US from Nato, warning that the matter was “beyond reconsideration” after the refusal of US allies to join the US-Israeli war against Iran. The president’s threats, his most determined to date, have left the al...
The president, a longtime critic of Nato, has stepped up criticism after allies refused to join the US-Israel war on Iran Donald Trump has said he is “absolutely” considering withdrawing the US from Nato, warning that the matter was “beyond reconsideration” after the refusal of US allies to join the US-Israeli war against Iran. The president’s threats, his most determined to date, have left the alliance facing its worst crisis in its 77-year history, a former US ambassador has warned. Continue reading...
A housewife in Hong Kong has lost nearly HK$2.5 million (US$320,500) in an online shopping scam after she tried to buy collagen drinks for HK$530, according to police. The victim saw a Facebook post advertising collagen drinks and transferred HK$530 via Faster Payment System, police said on their CyberDefender Facebook page. The seller later claimed the item was out of stock and offered a refund, ...
A housewife in Hong Kong has lost nearly HK$2.5 million (US$320,500) in an online shopping scam after she tried to buy collagen drinks for HK$530, according to police. The victim saw a Facebook post advertising collagen drinks and transferred HK$530 via Faster Payment System, police said on their CyberDefender Facebook page. The seller later claimed the item was out of stock and offered a refund, sending the woman a link to a fake Facebook page that asked for her online banking...
Boeing Co. shares rose as much as 5.6% after the Pentagon announced a framework deal with the company to triple production of a crucial Patriot missile component over seven years. The Arlington, Virginia-based aerospace and defense manufacturer is the latest company to benefit as the Trump Administration seeks to rapidly accelerate production of missile interceptors to replenish stocks depleted by...
Boeing Co. shares rose as much as 5.6% after the Pentagon announced a framework deal with the company to triple production of a crucial Patriot missile component over seven years. The Arlington, Virginia-based aerospace and defense manufacturer is the latest company to benefit as the Trump Administration seeks to rapidly accelerate production of missile interceptors to replenish stocks depleted by conflicts in the Middle East and Ukraine. Boeing would raise output of its PAC-3 seekers to about 2,000 units a year from roughly 650, matching the Pentagon’s target capacity under an earlier deal with Lockheed Martin Corp. , according to analyst Sheila Kahyaoglu of Jefferies. The company’s annual seeker revenue would climb to about $1.8 billion from an estimated $600 million, Kahyaoglu said in a report to clients on Wednesday. The latest deal builds on a $2.7 billion Pentagon award in October 2025 to ramp up PAC-3 seeker output to about 750 units a year by decade’s end. Read more: Pentagon Wants to Shift Funds to Interceptors Amid Iran War Lockheed struck a framework deal with the US in January to triple production of the Patriot Advanced Capability-3 Missile Segment Enhancement — better known as the PAC-3 MSE — to 2,000 interceptors a year from about 600. The seekers enable the missiles to identify, track and destroy hypersonic weapons, aircraft, and ballistic and cruise missiles. Boeing said in a statement that it and Lockheed would immediately begin increasing production while negotiating the terms of the multi-year contract. The Patriot is also a showcase for the new acquisition strategy that Defense Secretary Pete Hegseth unveiled in November. By shifting to longer-term contracts, the Pentagon aims to encourage defense contractors to plow more money into upgrading their factories. The intent is to provide “a sustained demand signal that we want the best of American innovation and we want it now,” Hegseth said during a visit to Boeing’s St. Louis military manufacturin...
As the Readout hits your inbox, we find ourselves sandwiched between two press conferences. Keir Starmer addressed the UK this morning and tonight it will be Donald Trump’s turn. Trump has been warming up already today by talking about pulling out of NATO and revealing the Iranians are now asking for a ceasefire . The latter bodes well for the speech tonight being about how this conflict ends, tho...
As the Readout hits your inbox, we find ourselves sandwiched between two press conferences. Keir Starmer addressed the UK this morning and tonight it will be Donald Trump’s turn. Trump has been warming up already today by talking about pulling out of NATO and revealing the Iranians are now asking for a ceasefire . The latter bodes well for the speech tonight being about how this conflict ends, though already this afternoon the president said he will only consider a ceasefire when the Strait is reopened. With the US President due up later, our own Prime Minister sought to frame things. This was his last moment to address the British public before the great Easter stampede for the motorway. He and his team will know that this means a lot of people leaning on their cars in petrol station forecourts watching the cost tot up and chuntering. Today Starmer’s message was that fuel duty would be frozen until September - nicely petrol pump punter friendly. But slightly more loftily, he said the UK would convene some 35 nations to get the Strait of Hormuz open. Starmer will not mind the fact that this morning there was yet another of the now increasingly routine Trump attacks. The unspecial moments in the erstwhile special relationship have come thicker and faster in recent weeks. “Go get your own oil” yesterday; comparing Britain’s aircraft carriers to toys and then on Wednesday morning another threat to leave NATO along with a declaration that Starmer “doesn’t matter.” Standing in the press briefing room of Downing Street swerving questions on these latest sticks and stones, the PM may have hoped that if the British public are not on Team Trump, by a process of elimination they may be on Team Him. It also makes more strategic something the Prime Minister would - deep down- like to do anyway - ie, move closer to the European Union. Today he said again that he saw the UK’s future as closer to the EU - whereas earlier in his tenure this would have felt painfully like touching t...
An Apollo Go driverless vehicle drives beneath the Wuchang end of the Wuhan Yangtze River Bridge on Oct. 4, 2025. Photo: VCG Multiple autonomous taxis operated by Baidu Inc.’s Apollo Go stalled in the middle of roads in Wuhan on Tuesday night, prompting police to intervene. Wuhan police said they began receiving public reports at 8:57 p.m. that Apollo Go vehicles were blocking roadways. Traffic an...
An Apollo Go driverless vehicle drives beneath the Wuchang end of the Wuhan Yangtze River Bridge on Oct. 4, 2025. Photo: VCG Multiple autonomous taxis operated by Baidu Inc.’s Apollo Go stalled in the middle of roads in Wuhan on Tuesday night, prompting police to intervene. Wuhan police said they began receiving public reports at 8:57 p.m. that Apollo Go vehicles were blocking roadways. Traffic and transport authorities were sent to the scene along with Apollo Go staff. A police briefing early Wednesday said no one was injured and attributed the fleet-wide disruption to a suspected system failure.
koyu/iStock via Getty Images I previously covered Modine Manufacturing Company ( MOD ) in January 2026, discussing why I had reiterated my Buy rating, thanks to the likely to be durable cooling demand across its diversified end markets and the top/bottom-line accretion from the expanded manufacturing capacity/improved pricing power. This was despite the near-term risks from the potential sideways ...
koyu/iStock via Getty Images I previously covered Modine Manufacturing Company ( MOD ) in January 2026, discussing why I had reiterated my Buy rating, thanks to the likely to be durable cooling demand across its diversified end markets and the top/bottom-line accretion from the expanded manufacturing capacity/improved pricing power. This was despite the near-term risks from the potential sideways trading through FQ3'26, attributed to the pulled-forward upside potential and the elevated short interest ratio. In this article, I shall discuss why I am downgrading the MOD stock to a Hold here, with the January 2026 breakout occurring overly fast/furiously while triggering the February 2026 bull trap and the still expensive stock valuations. Pending a further correction to my Buy Zones, I am of the opinion that there remains a mixed risk/reward profile at current inflated levels, despite their profitable growth prospects during the multi-year data center capex boom along with the tailwinds from the upcoming Performance Technologies spin-off. MOD Proves Its AI Beneficiary Status MOD 1Y Stock Price ( TradingView ) Since my last Buy rating, MOD has had an outsized stock price performance while hitting a new 52-week high of $243s before returning some of those gains to retest the $200s by the time of writing. If anything, readers may want to note that a similar breakout and moderation have also been observed in its direct thermal management peers in varying degrees. 1. Multi-Year Data Center Super Cycle Much of their tailwinds may be attributed to the Q4'25 earnings season reiterating the durability of the AI spending trends, as the four leading hyperscalers "now expecting combined spending of close to $700 billion " on data center-related capex entering 2026. These elevated spending trends are likely to be a multi-year cadence as well, as market analysts already project the global data center capacity to "nearly double from 103 GW to 200 GW by 2030, " with it naturally trig...
Bain Capital managing partner David Gross says his team sees AI opportunities "like a kid in a candy shop." He discusses his approach to AI investing, labor trends, and credit funds facing redemptions with Dani Burger on "Bloomberg Deals." (Source: Bloomberg)
Bain Capital managing partner David Gross says his team sees AI opportunities "like a kid in a candy shop." He discusses his approach to AI investing, labor trends, and credit funds facing redemptions with Dani Burger on "Bloomberg Deals." (Source: Bloomberg)
Families of those accused of sharing images of conflict in region say ministers are too fearful of offending Emirates Middle East crisis live – latest updates The families of UK citizens held in the United Arab Emirates over allegations that they shared images of the conflict with Iran have voiced frustration at the British government’s failure to help. Several British citizens are among more than...
Families of those accused of sharing images of conflict in region say ministers are too fearful of offending Emirates Middle East crisis live – latest updates The families of UK citizens held in the United Arab Emirates over allegations that they shared images of the conflict with Iran have voiced frustration at the British government’s failure to help. Several British citizens are among more than 100 foreign nationals who have been detained under draconian Emirate rules that outlaw publishing or sharing material that could “disturb public security”. Continue reading...
At 17, Cooper Lutkenhaus is the youngest world champion in track and field history – and soon to be USA’s poster boy for LA28 Fire on the boards. Slack jaws off it. Last week, I was fortunate enough to be yards away from the 17-year-old American high school student Cooper Lutkenhaus when he powered away from a strong 800m field in Torun to become the youngest world champion in track and field hist...
At 17, Cooper Lutkenhaus is the youngest world champion in track and field history – and soon to be USA’s poster boy for LA28 Fire on the boards. Slack jaws off it. Last week, I was fortunate enough to be yards away from the 17-year-old American high school student Cooper Lutkenhaus when he powered away from a strong 800m field in Torun to become the youngest world champion in track and field history. But no sooner had the applause died down that the search for superlatives began. “He’s like David Rudisha,” said Eliott Crestan, the Belgian who took world indoor championship silver behind Lutkenhaus. “In 10 or 20 years’ time, I’ll be able to say that I ran against him.” An hour or so later, I spoke to Trevor Painter and Jenny Meadows, the coaches of Keely Hodgkinson, who were just as effusive. “He’s phenomenal,” Painter said. “You look at things like that and you think: ‘Wow. I’d love to know what he’s done at his age to do that.’” Continue reading...
Five weeks into the US-Israeli war against Iran, the government in Tehran is exerting increasingly sophisticated control over the internet, even as it seeks to expand access to approved sites. While the global internet remains unreachable to the general population, the regime allows some government-approved connections and apps. Iran-linked hackers, for example, continue to target Israel despite t...
Five weeks into the US-Israeli war against Iran, the government in Tehran is exerting increasingly sophisticated control over the internet, even as it seeks to expand access to approved sites. While the global internet remains unreachable to the general population, the regime allows some government-approved connections and apps. Iran-linked hackers, for example, continue to target Israel despite the measures. Meanwhile, the National Information Network – Iran’s highly controlled domestic national intranet – offers a domestic alternative, facilitating business and state-approved messaging while enabling pervasive surveillance, according to Amir Rashidi, director of cybersecurity and digital rights at the Miaan Group. The internet blackout , now over a month old, is the longest in Iran’s history, disrupting communication, commerce and access to independent information. Maintaining the blockage requires significant resources and ongoing organization, demonstrating that the regime is not losing its grip, at least in the digital sphere. “The fact that they can keep the shutdown going signifies a degree of control that the regime is still in power and that they don’t need to stop oppressing its people despite an extended bombing campaign,” said Doug Madory, director of internet analysis at the network intelligence firm Kentik. Tehran has implemented communications blackouts three times in the last year, with each effort more sophisticated than the last. The first came during the Twelve-Day War last summer, then amid domestic protests in January that the government brutally suppressed and now during the current war. Iran currently has over ten times the amount of internet traffic in the last week than it did during the final days of the January protest movement, according to Madory, a sign that the government’s approach is evolving to allow more exceptions to the blackout. That’s still an insignificant fraction of the data used before the war, according to CloudFlare data ...