The European Commission would be “open-minded” to discussing closer trade ties with the UK, including a customs union, a senior EU official has said. The EU economy commissioner, Valdis Dombrovskis, told the BBC that the European bloc was “ready to engage with an open mind” when asked about a customs union. The comments come amid growing pressure within the Labour party to enter a customs union wi...
The European Commission would be “open-minded” to discussing closer trade ties with the UK, including a customs union, a senior EU official has said. The EU economy commissioner, Valdis Dombrovskis, told the BBC that the European bloc was “ready to engage with an open mind” when asked about a customs union. The comments come amid growing pressure within the Labour party to enter a customs union with the EU, as the government seeks to boost economic growth at a time of geopolitical turmoil. Keir Starmer is looking for deeper economic links with the EU single market, having said the customs union “doesn’t now serve our purpose very well”. A customs union with the EU would call into question UK trade deals with countries such as India, Australia and Japan, which add little to economic growth, but are potent symbols of Brexit. In theory, inside a customs union, the UK would be under the umbrella of the EU’s 40-plus trade agreements with about 70 countries and regions. Starmer told reporters in recent days there were “other areas in the single market where we should look to see whether we can’t make more progress”. Speaking after talks with ministers including Rachel Reeves in London on Monday, Dombrovskis implied the UK would not be able to pick and choose areas of the single market for closer alignment. He said single market membership was the most “mutually beneficial” arrangement, but that would require the “four freedoms” including freedom of movement. Since the Brexit referendum of June 2016 the EU has maintained that the four freedoms of the single market – goods, services, capital and movement – cannot be split. Nearly a decade later, EU insiders still believe it would be difficult to offer special arrangements to the UK, when member states are required to sign up to all policies. But publicly the tone is warmer. The European parliament president, Roberta Metsola, is expected to say later on Tuesday that Europe and the UK “need a new way of working together on tr...
Investors could appeal Indonesia’s decision to take over a lucrative private gold mine in Sumatra after its permit was revoked due to alleged links to deadly floods last year, according to the country’s finance minister. “It’s not the end of the game,” Finance Minister Purbaya Yudhi Sadewa said in an interview with Bloomberg TV’s Haslinda Amin on Tuesday, referring to the Martabe gold mine operate...
Investors could appeal Indonesia’s decision to take over a lucrative private gold mine in Sumatra after its permit was revoked due to alleged links to deadly floods last year, according to the country’s finance minister. “It’s not the end of the game,” Finance Minister Purbaya Yudhi Sadewa said in an interview with Bloomberg TV’s Haslinda Amin on Tuesday, referring to the Martabe gold mine operated by PT Agincourt Resources . The company is controlled by PT Astra International and ultimately by multinational Jardine Matheson Holdings Ltd . “Jardine can always complain, or complain to our government, as long as they conduct their business properly,” he told a business forum in Jakarta. “Our government is very fair.” Martabe has been caught up in a broader crackdown following floods and landslides in Sumatra that killed more than 1,000 people late last year. Indonesia recently moved to revoke permits of more than a dozen resource companies on the island, including the Martabe mine, after authorities suggested a link between companies’ land-clearing practices and the disaster. Sovereign wealth fund Danantara last week said it was creating a new company to take over the Martabe mine. Agincourt has said it respects Indonesia’s mining directives and policies, and that its priority is to ensure good corporate governance and sustainable mining practices. United Tractors , the listed unit that controls Agincourt, and Astra International, said in stock exchange filings dated Jan. 22 that they hadn’t received official notification from the government and were seeking to follow up. Purbaya framed the government’s moves against several mining companies as a clean-up of what he described as longstanding bad practice in the sector, without elaborating. He said the revocation of permits was a step toward fostering a positive investment climate in Southeast Asia’s largest economy. “It’s not like we are against mining,” he said, “but we are against illegal mining.”
Data analytics company Palantir Technologies (NASDAQ:PLTR) reported revenue ahead of Wall Streets expectations in Q4 CY2025, with sales up 70% year on year to $1.41 billion. On top of that, next quarter’s revenue guidance ($1.53 billion at the midpoint) was surprisingly good and 15.3% above what analysts were expecting. Its non-GAAP profit of $0.25 per share was 8.6% above analysts’ consensus esti...
Data analytics company Palantir Technologies (NASDAQ:PLTR) reported revenue ahead of Wall Streets expectations in Q4 CY2025, with sales up 70% year on year to $1.41 billion. On top of that, next quarter’s revenue guidance ($1.53 billion at the midpoint) was surprisingly good and 15.3% above what analysts were expecting. Its non-GAAP profit of $0.25 per share was 8.6% above analysts’ consensus estimates. Is now the time to buy PLTR? Find out in our full research report (it’s free for active Edge members). Palantir Technologies (PLTR) Q4 CY2025 Highlights: Revenue: $1.41 billion vs analyst estimates of $1.34 billion (70% year-on-year growth, 4.9% beat) $1.41 billion vs analyst estimates of $1.34 billion (70% year-on-year growth, 4.9% beat) Adjusted EPS: $0.25 vs analyst estimates of $0.23 (8.6% beat) $0.25 vs analyst estimates of $0.23 (8.6% beat) Adjusted Operating Income: $798.5 million vs analyst estimates of $701.1 million (56.8% margin, 13.9% beat) $798.5 million vs analyst estimates of $701.1 million (56.8% margin, 13.9% beat) Revenue Guidance for Q1 CY2026 is $1.53 billion at the midpoint, above analyst estimates of $1.33 billion is $1.53 billion at the midpoint, above analyst estimates of $1.33 billion Operating Margin: 40.9%, up from 1.3% in the same quarter last year 40.9%, up from 1.3% in the same quarter last year Billings: $1.50 billion at quarter end, up 70.1% year on year $1.50 billion at quarter end, up 70.1% year on year Market Capitalization: $352.2 billion StockStory’s Take Palantir Technologies’ fourth quarter results were well received by the market, reflecting significant revenue growth driven by expanding adoption of its AI-powered platforms in the United States. Management attributed performance to rapid customer expansion, particularly in commercial and government sectors, and highlighted that U.S. business now comprises a larger share of total revenue. CEO Alexander Karp emphasized that customers are moving beyond experimentation, stating, “O...