Pakistan ’s government says the national cricket team will be allowed to take part in the coming T20 World Cup but must boycott its group game against arch-rival India. India and Sri Lanka are co-hosts for the 20-team tournament, which starts on Saturday. Pakistan will play all its games in Sri Lanka – including any in the knockout stage – because of political tensions with India Advertisement The...
Pakistan ’s government says the national cricket team will be allowed to take part in the coming T20 World Cup but must boycott its group game against arch-rival India. India and Sri Lanka are co-hosts for the 20-team tournament, which starts on Saturday. Pakistan will play all its games in Sri Lanka – including any in the knockout stage – because of political tensions with India Advertisement The two teams are scheduled to meet in a Group A game in Colombo on February 15 in what is often a tournament highlight for fans, broadcasters and organisers alike. That is looking in doubt this time. “The Government of the Islamic Republic of Pakistan grants approval to the Pakistan cricket team to participate in the ICC World T20 2026,” the government posted on Sunday on its official social media account. “However, the Pakistan cricket team shall not take the field in the match scheduled on February 15 against India.” Advertisement
China Vanke Co. ’s $12 billion record loss underscores how its ability to avoid default depends on how far its state shareholder is willing to support the stricken property developer. The homebuilder lost about 82 billion yuan ($12 billion) last year, it said in a preliminary earnings statement late Friday. That is the equivalent of about 40% of its total equity attributable to shareholders at the...
China Vanke Co. ’s $12 billion record loss underscores how its ability to avoid default depends on how far its state shareholder is willing to support the stricken property developer. The homebuilder lost about 82 billion yuan ($12 billion) last year, it said in a preliminary earnings statement late Friday. That is the equivalent of about 40% of its total equity attributable to shareholders at the end of the previous year, a sign of how quickly its losses are eating into capital buffers. The loss highlights the depth of Vanke’s financial troubles and its dependence on support from Shenzhen Metro Group Co. After being profitable in every year since its 1991 listing, Vanke’s losses in the past two fiscal years combined have burned more than half of its equity at its 2023 peak. “Vanke will likely continue to record losses until 2028 and become insolvent in the meantime, so it will keep relying on external funding support,” said Jeff Zhang , an analyst at Morningstar Inc. “Currently, the outlook on shareholder support is positive, but that still carries significant uncertainties going forward.” Last year’s loss would also exceed its HK$61.6 billion ($7.9 billion) market value as of last Friday by almost 50%. The figures reported by Vanke are based on preliminary data and haven’t been audited externally, the company said in an exchange filing last Friday. Shares of Vanke slid as much as 7.4% in Hong Kong trading on Monday morning, the biggest intraday decline since November. Once China’s largest developer, Vanke is now at the epicenter of the nation’s years-long property crisis. The company has been wrestling with a liquidity crunch for more than two years, during which it leaned heavily on shareholder loans from Shenzhen Metro. to service debt. That support came into doubt late last year, when the subway operator sought to tighten borrowing terms, pushing the developer to the brink of default. Last week, Vanke won creditors’ approval to push back full repayment on three...
Key Points Artificial intelligence data centers consume massive amounts of electricity. Conventional suppliers, in fact, are struggling to keep up with demand. Constellation Energy's unique mix of production positions it to be one of the first and one of the biggest beneficiaries of this evolution. 10 stocks we like better than Constellation Energy › Artificial intelligence (AI) is still the bigge...
Key Points Artificial intelligence data centers consume massive amounts of electricity. Conventional suppliers, in fact, are struggling to keep up with demand. Constellation Energy's unique mix of production positions it to be one of the first and one of the biggest beneficiaries of this evolution. 10 stocks we like better than Constellation Energy › Artificial intelligence (AI) is still the biggest and best investment opportunity of an entire generation. But are investors looking right past the best way to play it? Maybe. As it turns out, the industry's most underappreciated bottleneck isn't a lack of computing power, or for that matter, a lack of AI data centers. It's a lack of the massive amount of electricity needed to power the business. Goldman Sachs predicts that data centers' worldwide demand for electricity is set to grow by 165% between 2023 and 2030, mostly led by the ongoing proliferation of artificial intelligence. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » There are several ways to supply this energy, with some operators even establishing their own on-premise power production facilities. Utilities companies remain best positioned to meet this growing need, though, and likely will be for the foreseeable future. They'll also see a great deal of unexpected growth, rewarding shareholders as a result. And one of these utility names is arguably better positioned to plug into this growth than any of its peers. That's Constellation Energy (NASDAQ: CEG). Constellation is unique If the name rings a bell, it may be because Constellation was the company that announced in September 2024 it intended to restart one of the nuclear power reactors at Pennsylvania's infamous Three Mile Island, after agreeing to supply electricity to a nearby AI data center owned and operated by technology giant Microsoft. This is only a microcosm of the much bigg...
A jeweller shows gold and silver bars at his shop in downtown Kuwait City on Jan. 12, 2026. Yasser Al-zayyat | Afp | Getty Images Gold and silver extended their sell-off on Monday, deepening losses from last Friday's rout as a firmer dollar and profit-taking drained momentum from a rally that had propelled the metals to record highs just days earlier. Spot gold lost around 5% to $4,617.07 per ounc...
A jeweller shows gold and silver bars at his shop in downtown Kuwait City on Jan. 12, 2026. Yasser Al-zayyat | Afp | Getty Images Gold and silver extended their sell-off on Monday, deepening losses from last Friday's rout as a firmer dollar and profit-taking drained momentum from a rally that had propelled the metals to record highs just days earlier. Spot gold lost around 5% to $4,617.07 per ounce, having crashed nearly 10% on Friday, when prices plunged below $5,000 an ounce. Silver, which had surged alongside gold on safe haven demand and speculative inflows, also remained under pressure after last Friday's 30% nosedive. Spot prices of the white metal were down more than 4% at $80.63 per ounce. According to analysts, the pullback followed a violent reversal on Friday, when optimism around U.S. interest-rate cuts collided with a sudden reassessment of Federal Reserve leadership after President Donald Trump nominated former Fed Governor Kevin Warsh to succeed Chair Jerome Powell after his term ends in May. "The 'Buy America' trade is back as a result, and the independence bid that drove gold and silver to nosebleed record heights right below $5,600 and $122 per ounce early Thursday morning is unraveling," José Torres, senior economist at Interactive Brokers, said in a note on Monday. Christopher Forbes, head of Asia and the Middle East at CMC Markets, said gold's sharp retreat reflects a classic correction after an extraordinary rally rather than a breakdown in the longer-term bullish thesis. Gold's retreat is a "classic air-pocket after an extraordinary run," Forbes said. "Profit-taking, a firmer dollar, and fresh geopolitical headlines from Washington have knocked froth off a crowded trade." The dollar index, which measures the strength of the greenback against a basket of currencies, has strengthened about 0.8% since Thursday. A stronger dollar makes greenback-priced gold less attractive for foreign buyers, while higher rates raise the opportunity cost of holdin...
Fortunately, if you are not currently moving much, adding in just three or four bouts of intense movement, lasting one or two minutes each, can make a big difference to heart disease and life expectancy.
Fortunately, if you are not currently moving much, adding in just three or four bouts of intense movement, lasting one or two minutes each, can make a big difference to heart disease and life expectancy.
China’s manufacturing activity improved in January, according to a private survey, a rare encouraging sign for an economy that’s been losing momentum. The RatingDog China manufacturing purchasing managers index rose to 50.3 from 50.1 in December, according to a statement released on Monday. Economists surveyed by Bloomberg had forecast the gauge would dip slightly to the 50 threshold that separate...
China’s manufacturing activity improved in January, according to a private survey, a rare encouraging sign for an economy that’s been losing momentum. The RatingDog China manufacturing purchasing managers index rose to 50.3 from 50.1 in December, according to a statement released on Monday. Economists surveyed by Bloomberg had forecast the gauge would dip slightly to the 50 threshold that separates expansion and contraction. China has seen weakening momentum in the economy in recent months, with few signs policymakers intend to unleash major stimulus as they continue to battle risks tied to local government debt. Beijing may even reduce the national goal for the economy for the first time in four years and President Xi Jinping has already signaled a greater tolerance for slower growth in some regions. China’s gross domestic product expanded 5% last year as record exports compensated for cooling private consumption and an unprecedented drop in investment. Chinese Consumers Are More Thrifty Than Before Trump’s Trade War China’s Industrial Profits Post First Yearly Increase Since 2021 Xi’s Export Machine Gets Lift From US Move to Strongarm Allies China’s Economic Momentum Weakens Despite Meeting 5% Growth Goal The results of the private survey were more bullish the official reading released over the weekend. That poll showed China’s factory activity unexpectedly deteriorated last month after snapping its worst contraction streak on record in December. The private poll tends to reflect activity in smaller and more export-oriented firms. The RatingDog survey results have mostly been stronger than those from the official poll in recent months as exports stayed strong.