Europeans are booking fewer trips to the US, Europe’s biggest travel operator has said, as appetite for long-haul travel wanes and concerns linger around Donald Trump’s immigration policies. Tui, which receives most of its bookings from customers in Europe, has seen “significantly lower demand” for travel into the US, according to its chief executive, Sebastian Ebel. “What we do see is growing bus...
Europeans are booking fewer trips to the US, Europe’s biggest travel operator has said, as appetite for long-haul travel wanes and concerns linger around Donald Trump’s immigration policies. Tui, which receives most of its bookings from customers in Europe, has seen “significantly lower demand” for travel into the US, according to its chief executive, Sebastian Ebel. “What we do see is growing business to the Emirates and Asia,” he said. “We also see European demand to the Caribbean, which – due to capacity – had not been the biggest priority in the past, but there we see now potential again to grow.” It comes amid signs that demand for long-haul travel across the Atlantic is waning. A report by the European Travel Commission, which surveyed travellers from Australia, Brazil, Canada, China, Japan, South Korea and the US, found 42% of long-haul travellers were considering a trip to Europe this year, down from 45% last year. In the US, only 34% intended to travel to Europe, down from 37%. In Europe, several countries have issued advisories about travel to the US owing to stricter border scrutiny, the detention of some visitors and protests over the Immigration and Customs Enforcement (ICE) agency. Since Trump took office, reports have emerged from US border of tourists being detained and interrogated, people with work permits sent to ICE detention centres and people being wrongly deported. Overseas visits to the US from western Europe were down 4% in December compared with the same month last year, according to the US National Travel and Tourism Office. Last year, Ebel said Tui had seen a “significant decline” in travel to the US, owing to a multitude of factors including “the atmosphere, what you hear from border control”. While demand for US holidays has been weaker, Tui hailed its best first quarter in just over a decade. The German travel operator, which is headquartered in Hanover and employs about 67,000 people around the world, reported a 1% rise in revenue to ...
Lars Windhorst , the embattled German financier who has faced multiple lawsuits in recent years, was sued in the US for allegedly failing to repay millions of dollars in debts arising from a bond deal with a finance firm in Dubai. IStar Capital Ltd. accused Windhorst of reneging on a €6.5 million ($7.7 million) loan made in 2024, according to a US lawsuit in the Southern District of New York dated...
Lars Windhorst , the embattled German financier who has faced multiple lawsuits in recent years, was sued in the US for allegedly failing to repay millions of dollars in debts arising from a bond deal with a finance firm in Dubai. IStar Capital Ltd. accused Windhorst of reneging on a €6.5 million ($7.7 million) loan made in 2024, according to a US lawsuit in the Southern District of New York dated Feb. 6. The firm has already obtained a judgment against one of his companies in Dubai, the claim shows. The suit is the latest challenge for Windhorst, one of the most controversial figures in European finance, who has faced a series of attempts by creditors to claw back unpaid debts. The German businessman has been sued by figures including Nathaniel Rothschild , a Norwegian shipping magnate, the majority owner of a German arms manufacturer and an Italian cruise-ship tycoon . “This is just a dispute over a contract that has already been resolved and we absolutely deny any allegations of fraud or wrongdoing,” Windhorst said in a text message. “The complaint will be withdrawn.” Lawyers for IStar didn’t respond to requests for comment. IStar, which also has operations in London, advises clients including high-net-worth individuals on raising capital, according to its website. The firm is overseen by Daniel Fox-Davies , its website shows. Windhorst has previously been accused by some of his backers of reneging on contracts to buy back bonds issued by companies he controls at a predetermined price. He allegedly approached IStar in mid-2024 and proposed a “short-term financing arrangement” in which he sold the firm €6.5 million of bonds. The notes had been issued by Voltaire Finance BV , the controlling shareholder of Wild Bunch AG , a movie production company. A separate company linked to Windhorst was supposed to repurchase the securities but failed to do so, according to IStar’s claim. IStar obtained judgment for almost €8 million against one of Windhorst’s companies in Dub...
BEIJING, Feb 10 (Rtrs) - China's largest contract chipmaker Semiconductor Manufacturing International Corp on Tuesday reported a 60.7% year-on-year increase in fourth-quarter profit. Profit attributable to owners of SMIC reached $172.85 million in the December quarter, ahead of analysts' estimates of $170.3 million, according to LSEG data. Revenue rose 12.8% to $2.49 billion, beating ana...
BEIJING, Feb 10 (Rtrs) - China's largest contract chipmaker Semiconductor Manufacturing International Corp on Tuesday reported a 60.7% year-on-year increase in fourth-quarter profit. Profit attributable to owners of SMIC reached $172.85 million in the December quarter, ahead of analysts' estimates of $170.3 million, according to LSEG data. Revenue rose 12.8% to $2.49 billion, beating analysts' expectations of $2.42 billion, according to LSEG. (Reporting by Che Pan in Beijing and Miyoung Kim in Singapore, Editing by Louise Heavens)
Despite ‘constructive’ trilateral talks, Russia is still pursuing its maximalist demands, including claims over Ukrainian territory Estonia’s foreign intelligence service has released its annual assessment of the global security situation this morning, with a heavy focus on the threat from its neighbour Russia. The forecast says Russia is unlikely to launch a conventional attack against Nato state...
Despite ‘constructive’ trilateral talks, Russia is still pursuing its maximalist demands, including claims over Ukrainian territory Estonia’s foreign intelligence service has released its annual assessment of the global security situation this morning, with a heavy focus on the threat from its neighbour Russia. The forecast says Russia is unlikely to launch a conventional attack against Nato states over the next year but to continue with various forms of hybrid warfare. “We see that Russia is setting long-term operational objectives in the war against Ukraine. This confirms that the so-called peace talk rhetoric is merely a tactic to buy time, and Russia has no intention of ending the war until its objectives are achieved.” “I do not know what the US assessment is based on. Putin would only make a proper deal in our view, if the economy or financial sector takes very heavy hits with, for example, additional sanctions, which would be directed towards oil and gas industry... If additional measures and pressure are applied, then maybe Putin’s calculus changes. But currently, we do not see any change in his thinking.” “We see that Russia’s economy has entered a downturn, this is fuelled by defence sector expanding at the expense of the contracting civilian economy and sanctions that amplify low productivity caused by outdated technology. While an economic crisis is a possibility, the total collapse of the Russian economy remains highly unlikely. A more plausible outcome is that financial considerations will carry much greater weight in political decision-making than before.” Continue reading...
KanawatTH/iStock via Getty Images By Mandy Xu Cross-Asset Volatility: Implied volatilities diverged across asset classes last week as crypto, Tech, and silver continued to sell off while gold and small-cap stocks rebounded. Gold 1M implied volatility fell by almost 10 pts wk/wk to 32%, even as realized volatility increased, with the 1M implied-realized spread widening to a record -25%. The vol dyn...
KanawatTH/iStock via Getty Images By Mandy Xu Cross-Asset Volatility: Implied volatilities diverged across asset classes last week as crypto, Tech, and silver continued to sell off while gold and small-cap stocks rebounded. Gold 1M implied volatility fell by almost 10 pts wk/wk to 32%, even as realized volatility increased, with the 1M implied-realized spread widening to a record -25%. The vol dynamic is even more extreme in silver: SLV 1M implied volatility now trades at a record 64 pt discount to realized vol (1M implied vol at 92% vs. realized vol at 156%). Sentiment has also shifted notably in the precious metals. GLD skew, which has been persistently inverted over the past year on the back of bullish call activity, has now flipped to puts trading at a premium as traders price in higher downside risk to the outlook for gold. GLD 1M skew (25-delta ratio) is now the steepest since last April’s “Liberation Day” sell-off (see Exhibit 1). Retail trading in GLD options has also shifted, with call buying activity falling to a 2-year low while call overwriting has picked up significantly. We see a similar dynamic in SLV, but even more bearish, with retail put buying levels reaching their highest in over 3 years. Equity Volatility: While the VIX® index ended last week relatively unch’d at 17.8%, there was significant volatility underneath the index surface as we saw meaningful moves on earnings as well as increased sector and factor rotation. Megacap tech stocks sold off further on concerns over capex, with the Cboe Mag-10SM Index (MGTN) down another 5% to its lowest level since Sep. Investors rotated out of Tech into cheaper valued, more economically sensitive sectors such as Industrials, Energy, and Materials, as well as small-cap stocks. Over the past 3 months, Russell 2000® Index has outperformed NDX by over 10% (among the largest 3M outperformance in the last 20 years). Looking forward, investors are pricing in continued volatility in the Tech sector, especially rel...
Mapping The Global Cost Of Living In 2026 How does the cost of living vary across countries in 2026? To find out, this graphic, via Visual Capitalist's Dorothy Neufeld, visualizes Numbeo’s Global Cost of Living Index, which measures the price of everyday expenses, including rent, relative to New York City (baseline of 100). If a country has an index score of 80, prices are 20% lower than in New Yo...
Mapping The Global Cost Of Living In 2026 How does the cost of living vary across countries in 2026? To find out, this graphic, via Visual Capitalist's Dorothy Neufeld, visualizes Numbeo’s Global Cost of Living Index, which measures the price of everyday expenses, including rent, relative to New York City (baseline of 100). If a country has an index score of 80, prices are 20% lower than in New York. Scores above 100 indicate higher everyday costs. While inflation has eased in many regions, the cost of living remains a major global challenge. Across 28 countries, home prices have risen more than 50% since 2020, and grocery costs have risen sharply in countries such as Mexico, Germany, and Malaysia, continuing to strain household budgets worldwide. Global Cost of Living by Country Below, we show the cost of living index for 155 countries or territories in 2026, highlighting stark differences in everyday costs around the world. Bermuda has the highest cost of living worldwide, a British Overseas Territory synonymous with high-end real estate, luxury tourism, and offshore wealth. Rank Country Cost of Living Index 2026 1 🇧🇲 Bermuda 123.5 2 🇰🇾 Cayman Islands 97.9 3 🇨🇭 Switzerland 84.3 4 🇻🇮 U.S. Virgin Islands 82.5 5 🇸🇬 Singapore 81.2 6 🇧🇸 Bahamas 77.1 7 🇮🇸 Iceland 75.9 8 🇯🇪 Jersey 72.5 9 🇭🇰 Hong Kong 69.8 10 🇸🇧 Solomon Islands 65.4 11 🇬🇬 Guernsey 65.3 12 🇱🇺 Luxembourg 65.2 13 🇬🇮 Gibraltar 63.9 14 🇳🇴 Norway 59.4 15 🇮🇪 Ireland 58.7 16 🇮🇱 Israel 58 17 🇳🇱 Netherlands 57.9 18 🇩🇰 Denmark 56.6 19 🇺🇸 United States 56.3 20 🇮🇲 Isle Of Man 55.7 21 🇦🇺 Australia 52.7 22 🇬🇧 United Kingdom 51.9 23 🇦🇹 Austria 50.7 24 🇬🇩 Grenada 49.4 25 🇩🇪 Germany 49 26 🇨🇦 Canada 48.9 27 🇧🇪 Belgium 48.6 28 🇦🇪 United Arab Emirates 48.2 29 🇫🇮 Finland 48 30 🇸🇨 Seychelles 48 31 🇸🇪 Sweden 47.8 32 🇫🇷 France 47.5 33 🇲🇴 Macao (China) 46.3 34 🇶🇦 Qatar 45.8 35 🇦🇩 Andorra 45.2 36 🇳🇿 New Zealand 45 37 🇨🇾 Cyprus 44.6 38 🇵🇷 Puerto Rico 44.3 39 🇲🇹 Malta 44.1 40 🇮🇹 Italy 43.1 41 🇨🇩 Democratic Republic of the Congo 42.4 ...
Rockland Trust Co. lifted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 15.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,429 shares of the enterprise software provider's stock after buying an additional 12,075 shares during the quarter. Rockland Trust Co.'s holdings i...
Rockland Trust Co. lifted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 15.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,429 shares of the enterprise software provider's stock after buying an additional 12,075 shares during the quarter. Rockland Trust Co.'s holdings in Oracle were worth $25,151,000 at the end of the most recent quarter. A number of other hedge funds have also bought and sold shares of the business. Winnow Wealth LLC purchased a new stake in shares of Oracle in the second quarter worth about $28,000. Kilter Group LLC purchased a new position in shares of Oracle during the 2nd quarter valued at $30,000. Darwin Wealth Management LLC increased its holdings in shares of Oracle by 130.0% in the third quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider's stock worth $32,000 after purchasing an additional 65 shares during the period. LGT Financial Advisors LLC purchased a new stake in shares of Oracle in the second quarter worth $33,000. Finally, Financial Consulate Inc. bought a new stake in Oracle during the third quarter valued at $37,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors. Get Oracle alerts: Sign Up Analysts Set New Price Targets A number of equities analysts have weighed in on the company. TD Cowen decreased their target price on Oracle from $400.00 to $350.00 and set a "buy" rating on the stock in a research note on Thursday, December 11th. Weiss Ratings downgraded shares of Oracle from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, January 23rd. Wells Fargo & Company started coverage on shares of Oracle in a research note on Wednesday, December 3rd. They issued an "overweight" rating and a $280.00 price target for the company. Guggenheim reissued a "buy" rating and issued a $400.00 price target on sh...
Applied Finance Capital Management LLC lowered its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 31.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,791 shares of the enterprise software provider's stock after selling 73,544 shares during the period. Oracle makes up approximately 3.2% of Applied Financ...
Applied Finance Capital Management LLC lowered its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 31.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,791 shares of the enterprise software provider's stock after selling 73,544 shares during the period. Oracle makes up approximately 3.2% of Applied Finance Capital Management LLC's holdings, making the stock its 4th biggest position. Applied Finance Capital Management LLC's holdings in Oracle were worth $44,941,000 as of its most recent SEC filing. A number of other hedge funds have also made changes to their positions in ORCL. Kampmann Melissa S. grew its stake in Oracle by 0.3% in the 3rd quarter. Kampmann Melissa S. now owns 11,910 shares of the enterprise software provider's stock valued at $3,350,000 after buying an additional 35 shares during the last quarter. McLean Asset Management Corp boosted its holdings in Oracle by 0.7% during the third quarter. McLean Asset Management Corp now owns 5,319 shares of the enterprise software provider's stock valued at $1,551,000 after acquiring an additional 36 shares during the period. Mine & Arao Wealth Creation & Management LLC. grew its position in shares of Oracle by 0.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 5,281 shares of the enterprise software provider's stock valued at $1,485,000 after purchasing an additional 36 shares during the last quarter. Voisard Asset Management Group Inc. increased its stake in shares of Oracle by 3.4% in the third quarter. Voisard Asset Management Group Inc. now owns 1,127 shares of the enterprise software provider's stock worth $317,000 after purchasing an additional 37 shares during the period. Finally, Avion Wealth increased its stake in shares of Oracle by 16.6% in the third quarter. Avion Wealth now owns 260 shares of the enterprise software provider's stock worth $73,000 after purchasing an additional...
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It was a rough week for most artificial intelligence (AI) stocks last week. As revealed in several of last quarter's earnings reports, not every investment in AI tech is paying off as soon or as much as hoped. Investors would be wise to rethink which of these names are actually must-haves. However, if you think this recent reality check is going to slow the expansion of the industry, think again. ...
It was a rough week for most artificial intelligence (AI) stocks last week. As revealed in several of last quarter's earnings reports, not every investment in AI tech is paying off as soon or as much as hoped. Investors would be wise to rethink which of these names are actually must-haves. However, if you think this recent reality check is going to slow the expansion of the industry, think again. This expansion is very much needed. Indeed, ARK Invest's Cathie Wood believes the AI data center business is set to grow from $500 billion per year now to $1.4 trillion by 2030, jibing with an outlook from technology consulting outfit Gartner . These predictions, of course, can and should impact how investors plug into this fast-growing market. While hardware powerhouse Nvidia and decision-intelligence software specialist Palantir Technologies will still feature prominently in AI's future, it's the data center sliver of the business where you'll find the industry's top growth opportunities right now. Continue reading