Two days before the United States and Israel launched their war on Iran, Washington asked Sri Lanka to let two armed warplanes use an airport on its southern coast. Colombo said no, Sri Lankan President Anura Kumara Dissanayake recently revealed – a decision analysts said reflected the Indian Ocean island’s desire to avoid being drawn into a foreign conflict from which it had “nothing to gain”. Th...
Two days before the United States and Israel launched their war on Iran, Washington asked Sri Lanka to let two armed warplanes use an airport on its southern coast. Colombo said no, Sri Lankan President Anura Kumara Dissanayake recently revealed – a decision analysts said reflected the Indian Ocean island’s desire to avoid being drawn into a foreign conflict from which it had “nothing to gain”. The request, made on February 26, reportedly sought to relocate two aircraft from a US base in...
Swiss startup Pave Space closed a $40 million seed financing round to build hardware that can move satellites or cargo to different orbits, as Europe attempts to reduce its reliance on the US to access space. Investors Visionaries Club GmbH and Creandum AB led the financing, the company said on Wednesday. Lombard Odier Investment Managers , Atlantic Labs and other European investors also participa...
Swiss startup Pave Space closed a $40 million seed financing round to build hardware that can move satellites or cargo to different orbits, as Europe attempts to reduce its reliance on the US to access space. Investors Visionaries Club GmbH and Creandum AB led the financing, the company said on Wednesday. Lombard Odier Investment Managers , Atlantic Labs and other European investors also participated. Pave is trying to build spacecraft capable of hauling satellites from low-Earth orbit to more remote destinations, including lunar flight paths, in less than 24 hours. Such vehicles, known as “space tugs,” are part of a growing transit market emerging as more spacecraft and debris crowd the sky. Formed in 2024, the company of about 40 people aims to finish work on its propulsion system by the third quarter of this year, with a demonstration mission to launch in October aboard a SpaceX rocket, Pave Chief Executive Officer Julie Böhning said in an interview. European officials have pushed for the continent to forge its own space-based intelligence, secure satellite communications and launch capacity as US relations grow tense. That hasn’t always gone smoothly, with the European Space Agency hit by a cyberattack last year and various launches delayed. German rocket company Isar Aerospace, one of Europe’s marquee new entrants, is slated to attempt its second launch later on Wednesday after several postponements. “Space is becoming more and more a warfare domain and it is important for us, as Europeans, to understand what is going on there,” Böhning said. Impulse Space , a US competitor to Pave from a former key SpaceX engineer, raised $300 million in a Series C funding round last year. These newcomers could benefit from the increasing need to reposition, repair and maintain satellites and other spacecraft, according to Bloomberg Intelligence analyst Wayne Sanders . “Pave looks more like a longer-duration infrastructure bet, while Impulse benefits from near-term, defense-dr...
In November 2020, Albuquerque Mayor Tim Keller announced that his city had entered into a “ game-changing partnership ” with a little-known aerospace startup called Theia Group Inc. Theia, based in Washington, DC, was planning to build a multibillion-dollar, 80-acre facility in Albuquerque to manufacture observation satellites it would then deploy and manage. The startup envisioned total extraterr...
In November 2020, Albuquerque Mayor Tim Keller announced that his city had entered into a “ game-changing partnership ” with a little-known aerospace startup called Theia Group Inc. Theia, based in Washington, DC, was planning to build a multibillion-dollar, 80-acre facility in Albuquerque to manufacture observation satellites it would then deploy and manage. The startup envisioned total extraterrestrial surveillance—a sprawling constellation of satellites capturing detailed shots of the entire Earth at a half-meter resolution on a near-continuous basis. Plenty of companies already sold satellite imaging services, but this promise of functionally real-time digital images set Theia apart. A promotional video made this promise: “Every tree on Earth: digital. Every truck: digital. Every whale: digital.” Theia, named for the Greek goddess of light, was founded in 2015 by a former NASA engineer and successful chipmaker named Erlend Olson . Its headquarters was in the same building as the stately Willard InterContinental hotel , across from the White House. By the time of the New Mexico announcement, it had pulled together more than $250 million in funding and a well-credentialed team, and the Federal Communications Commission had licensed it to deploy 112 satellites in low-Earth orbit. It seemed on its way to world domination. Mayor Keller was thrilled that the company wanted to set up shop in Albuquerque, where Olson was born and raised. “This development could be a massive job creator for our city, providing a boost to our economy and securing our role in the booming space industry,” Keller said at the late 2020 press conference. Pat Davis, a city councillor who represented the district selected for this Orion Center megaproject, was more skeptical. For starters, Theia hadn’t pushed for the usual tax credits or other financial incentives. No building plan had been submitted. “It had an odd feeling to it,” Davis recalls. He was right to be suspicious. Soon after leasing...
The UK chip designer is entering physical silicon for the first time, marking a break from its decades-old licensing model Arm Holdings PLC (NASDAQ:ARM), the UK-based semiconductor company best known for licensing chip designs to the world's biggest technology firms, has unveiled its first...
The UK chip designer is entering physical silicon for the first time, marking a break from its decades-old licensing model Arm Holdings PLC (NASDAQ:ARM), the UK-based semiconductor company best known for licensing chip designs to the world's biggest technology firms, has unveiled its first...
Report by Verdant says rooting out waste, fraud and tax avoidance would save money that could help improve public services A “Doge of the left,” could save up to £30bn a year for taxpayers by rooting out waste, fraud and tax avoidance, according to the first report from a new green thinktank. Launched amid growing interest in the future manifesto of Zack Polanksi’s Green party, the Verdant thinkta...
Report by Verdant says rooting out waste, fraud and tax avoidance would save money that could help improve public services A “Doge of the left,” could save up to £30bn a year for taxpayers by rooting out waste, fraud and tax avoidance, according to the first report from a new green thinktank. Launched amid growing interest in the future manifesto of Zack Polanksi’s Green party, the Verdant thinktank will be co-chaired by James Meadway, a former adviser to Labour shadow chancellor John McDonnell, and civil society campaigner Deborah Doane. Continue reading...
Susie Wiles was on plane and witnessed event, according to files shown to House judiciary committee Federal prosecutors examined whether Donald Trump showed a classified map to people on his plane after his first term, including to his now White House chief of staff, Susie Wiles , according to justice department materials produced to the House judiciary committee. The incident was described in a 1...
Susie Wiles was on plane and witnessed event, according to files shown to House judiciary committee Federal prosecutors examined whether Donald Trump showed a classified map to people on his plane after his first term, including to his now White House chief of staff, Susie Wiles , according to justice department materials produced to the House judiciary committee. The incident was described in a 13 January 2023 briefing memo prepared for the then attorney general, Merrick Garland – roughly six months before special counsel Jack Smith charged Trump with retaining classified documents at his Mar-a-Lago club. Continue reading...
Drawing on a real-life 1960s experiment, this story of an out-of-work actor paid to cover himself in a black leather bag fizzes with wit and invention The unnamed narrator of Black Bag, an out-of-work actor living in London, has finally landed himself a role, and it’s a doozy. Advertised on the “admirably candid” website strange-acting-jobs.org, the role demands that he sit silent and unmoving at ...
Drawing on a real-life 1960s experiment, this story of an out-of-work actor paid to cover himself in a black leather bag fizzes with wit and invention The unnamed narrator of Black Bag, an out-of-work actor living in London, has finally landed himself a role, and it’s a doozy. Advertised on the “admirably candid” website strange-acting-jobs.org, the role demands that he sit silent and unmoving at the back of a university lecture theatre for one whole term, dressed in nothing but a black leather bag. He will be paid in cash. He cannot believe his luck. “This is my big chance to do absolutely nothing, as thoroughly as possible.” Black Bag is the hilarious new novel from Luke Kennard, a poet whose second collection made him the youngest ever nominee for the Forward prize in 2007, and whose debut novel was the similarly surreal and equally enjoyable The Transition. Both works operate as Black Mirror-style satires of late-capitalist, technocratic societies, where discontented thirtysomethings find themselves embroiled in bizarre social experiments. Continue reading...
Dayton Webber’s former playing partner says: ‘Dayton has a great family, and I care about that family. Yet obviously, there is somebody [who] died’ The former doubles partner of a professional, championship-winning cornhole player who had his four limbs amputated in his infancy and is now accused of a deadly shooting says he was shocked to learn about the case, calling it an instance of at least t...
Dayton Webber’s former playing partner says: ‘Dayton has a great family, and I care about that family. Yet obviously, there is somebody [who] died’ The former doubles partner of a professional, championship-winning cornhole player who had his four limbs amputated in his infancy and is now accused of a deadly shooting says he was shocked to learn about the case, calling it an instance of at least two families being torn apart in one fell swoop. “I’ve been mad, sad – it sucks,” Mike Hoffman said of his past cornhole teammate Dayton Webber during a telephone interview on Tuesday. Continue reading...
Kenneth Cheung/iStock Unreleased via Getty Images Over the past few weeks, the main headlines that have moved stocks without fail are updates on the war. Soaring gas prices are carrying the risk of macroeconomic disruption on top of an already shaky domestic macro picture. So perhaps it's needless to say that travel stocks have also been deeply impacted. Booking Holdings Inc. ( BKNG ), the largest...
Kenneth Cheung/iStock Unreleased via Getty Images Over the past few weeks, the main headlines that have moved stocks without fail are updates on the war. Soaring gas prices are carrying the risk of macroeconomic disruption on top of an already shaky domestic macro picture. So perhaps it's needless to say that travel stocks have also been deeply impacted. Booking Holdings Inc. ( BKNG ), the largest OTA (online travel agency) platform, has seen its share price slide nearly ~20% since the start of the year. The question for investors now is, is it an appropriate time to de-risk our portfolios given the possibility for disruption here, or is this a good opportunity to add Booking on the dip? Data by YCharts I last wrote a “Sell” article on Booking in November, when the stock was trading in the low $5,000s. With strong bookings since then and a reduced valuation, I think investors should look past the near-term disruptions and focus on Booking's long-term appeal. That's especially true as the company's bookings growth trends have begun to strengthen relative to peers. As a result, I'm upgrading Booking to a “Buy” rating here. In my view, there are many reasons to “Buy” Booking, especially at newly discounted prices. These are the top drivers of the bull case for the company: The travel industry has a history of catching up after a period of disruption. There is no doubt that the combination of the Iran war, which is cutting off many critical routes between Europe and Asia, plus spiking oil prices that have led to higher airfares, will disrupt travel in the near term. However, the pattern from COVID-19 suggests that travelers still build up a “backlog” and continue to take their trips after conditions return to normal (which was termed “revenge travel” in the post-COVID era). Strongest bookings among peers. Booking Holdings and its group of sites (which includes Booking.com, Priceline, Agoda, and others) is the largest OTA and is also the fastest-growing. Despite being ~5...
Data brokers buy up huge amounts of information from cell phones and browsers to sell for targeted advertising. But the government, including ICE, also buys the data. (Image credit: Mandel Ngan)
Data brokers buy up huge amounts of information from cell phones and browsers to sell for targeted advertising. But the government, including ICE, also buys the data. (Image credit: Mandel Ngan)
Shelter villages offer temporary and private places for the unhoused to sleep and store belongings. One of the newest, The Bridge, opened recently in central Illinois. (Image credit: Emily Bollinger)
Shelter villages offer temporary and private places for the unhoused to sleep and store belongings. One of the newest, The Bridge, opened recently in central Illinois. (Image credit: Emily Bollinger)
Therapists say we're overusing the word. Here's what it actually means — and what the Ingrid Bergman film that helped birth the word can teach us about it. (Image credit: Herbert Dorfman)
Therapists say we're overusing the word. Here's what it actually means — and what the Ingrid Bergman film that helped birth the word can teach us about it. (Image credit: Herbert Dorfman)
In the race to build the future of AI, and the shift to inferencing, the industry is at risk of overlooking a critical component: the CPU. Today, Hammer Distribution and AMD are pivoting to a 'CPU-first' strategy not just as a technical choice, but as a survival tactic for UK businesses trapped in the 'time-to-power' crisis. This partnership aims to prove that the secret to unlocking AI isn't more...
In the race to build the future of AI, and the shift to inferencing, the industry is at risk of overlooking a critical component: the CPU. Today, Hammer Distribution and AMD are pivoting to a 'CPU-first' strategy not just as a technical choice, but as a survival tactic for UK businesses trapped in the 'time-to-power' crisis. This partnership aims to prove that the secret to unlocking AI isn't more power, but better management of the power we already have.
EU and Australia Seal Trade Deal Amid Strategic Resource Concerns Submitted by Thomas Kolbe It took an astonishing eight years before the European Union and Australia were able, at the beginning of the week, to agree on a joint trade agreement . What EU Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese presented in Australia’s capital Canberra represented a f...
EU and Australia Seal Trade Deal Amid Strategic Resource Concerns Submitted by Thomas Kolbe It took an astonishing eight years before the European Union and Australia were able, at the beginning of the week, to agree on a joint trade agreement . What EU Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese presented in Australia’s capital Canberra represented a far-reaching reduction of direct tariffs over a medium-term period. Over 90 percent of goods will be able to circulate freely between the two continents, of course always under the application of common harmonization regulations and, above all, European climate protection rules. This must be taken into account in every so-called free trade agreement. The regulations do not disappear for businesses. In the case of agreements with the EU, they are largely extended to the trading partners. In every trade agreement where the European Union is a signatory, Brussels tries to weave massive climate protectionism into global trade. In a sense, a kind of postmodern climate colonialism. That is the concept of free trade as Europeans practice it. The agreement to be signed is expected, according to participants, to increase EU exports to Australia by up to one third and expand investments by European companies in Australia by up to eighty percent. The strategic direction is clear: the EU is attempting to free itself in the critical area of raw materials, such as rare earths, from China’s grip. And Australia indeed has a rich catalogue of resources to offer. Trade agreements like the one with Australia follow a very clear strategy. On one side, awareness seems to be growing of supply issues caused by the Iran war. On the other side, European industry is pushing to open new sales markets and strengthen the relative competitive position of companies, which have been under heavy pressure in Germany’s industrial heartland, especially during the energy crisis. Clearly, Brussels is ready to co...
The global artificial intelligence (AI) infrastructure buildout relies not only on compute capacity but increasingly on memory and storage. That is exactly why Micron Technology (NASDAQ: MU) is positioned as one of the most important technology players in this AI boom. Image source: Getty Images. Shares of the chipmaker have already surged almost 40% so far in 2026 (as of March 23). Wall Street is...
The global artificial intelligence (AI) infrastructure buildout relies not only on compute capacity but increasingly on memory and storage. That is exactly why Micron Technology (NASDAQ: MU) is positioned as one of the most important technology players in this AI boom. Image source: Getty Images. Shares of the chipmaker have already surged almost 40% so far in 2026 (as of March 23). Wall Street is increasingly recognizing that memory is a critical bottleneck to expanding AI infrastructure. Continue reading
Complement Therapeutics Announces First Patient Dosed with CTx001 in the Phase I/II Opti-GAIN Study for Geographic Atrophy Secondary to AMD PR Newswire
Complement Therapeutics Announces First Patient Dosed with CTx001 in the Phase I/II Opti-GAIN Study for Geographic Atrophy Secondary to AMD PR Newswire
(RTTNews) - European stocks traded higher on Wednesday, extending gains from the previous session after U.S. President Donald Trump said the U.S. and Iran were "in negotiations right now" and they "want to make a deal so badly".
(RTTNews) - European stocks traded higher on Wednesday, extending gains from the previous session after U.S. President Donald Trump said the U.S. and Iran were "in negotiations right now" and they "want to make a deal so badly".
Chinese autonomous driving company DeepRoute.ai is considering an initial public offering in Hong Kong, people familiar with the matter said, joining a growing list of tech firms selling shares in the Asian hub. DeepRoute filed listing documents confidentially in Hong Kong late last year and is seeking to raise several hundred million dollars, according to the people, who asked not to be identifie...
Chinese autonomous driving company DeepRoute.ai is considering an initial public offering in Hong Kong, people familiar with the matter said, joining a growing list of tech firms selling shares in the Asian hub. DeepRoute filed listing documents confidentially in Hong Kong late last year and is seeking to raise several hundred million dollars, according to the people, who asked not to be identified because the information is private. The company is working with financial advisers, but the timing of an IPO isn’t fixed, they added. A representative for DeepRoute declined to comment. While Beijing is clamping down on listings by some companies to improve transparency and compliance, Hong Kong has a strong flow of deals, particularly in areas such as AI that are deemed strategically important. Recent examples include Baidu Inc.-backed startup BioMap Beijing Intelligent Technology Co. filing confidentially for a Hong Kong IPO, and Earendil Labs also considering a listing . Two AI standouts this year are MiniMax Group Inc. and Knowledge Atlas Technology JSC Ltd., known as Zhipu, which have both surged around 500% since their January debuts. By filing confidentially like DeepRoute, firms can limit public scrutiny and avoid disclosing trade secrets prematurely. Details are made public after regulators approve listings. The Hong Kong stock exchange has started consulting the market on potentially expanding the confidential-filing option. Read More: Hong Kong Confidential Filings Are Becoming Common: ECM Watch Founded in 2019, DeepRoute says it has raised more than $700 million over the years from investors including Alibaba Group Holding Ltd. and Great Wall Motor Co. It has said it aims to have 1 million vehicles equipped with its autonomous driving platform this year, up from around 250,000 at the end of 2025. DeepRoute operates three businesses on a unified technical platform — consumer vehicles, robotaxis and RoadAGI, which is designed to understand complex environments a...
Software is eating the world, and virtually no business is left untouched by it. This secular theme makes SaaS companies attractive investment candidates but also comes with higher valuations that cause volatility. Unfortunately, the rich prices have haunted them over the past six months as the industry has shed 25.2%. This drop was especially disheartening since the S&P 500 held its ground.
Software is eating the world, and virtually no business is left untouched by it. This secular theme makes SaaS companies attractive investment candidates but also comes with higher valuations that cause volatility. Unfortunately, the rich prices have haunted them over the past six months as the industry has shed 25.2%. This drop was especially disheartening since the S&P 500 held its ground.
In this article 9992-HK Follow your favorite stocks CREATE FREE ACCOUNT A PopMart Labubu The Monsters doll hangs from an influencer's handbag during a press preview outside an AliExpress pop-up store in London, Britain, Nov. 11, 2025. Isabel Infantes | Reuters Pop Mart shares lost more than a fifth of their value on Wednesday, as concerns over the sustainability of the company's Labubu plushies-dr...
In this article 9992-HK Follow your favorite stocks CREATE FREE ACCOUNT A PopMart Labubu The Monsters doll hangs from an influencer's handbag during a press preview outside an AliExpress pop-up store in London, Britain, Nov. 11, 2025. Isabel Infantes | Reuters Pop Mart shares lost more than a fifth of their value on Wednesday, as concerns over the sustainability of the company's Labubu plushies-driven growth overshadowed its blockbuster annual results. That sharp sell-off came after the Beijing-based toy maker posted annual revenue of 37.1 billion yuan ($5.4 billion) for 2025, up 185% from a year earlier, just shy of LSEG estimates of 38 billion yuan. Net income more than quadrupled to 12.8 billion yuan, slightly above the 12.6 billion yuan forecast. Despite resilient headline numbers, "a material slowdown in the fourth quarter [has amplified] investors' concern on the durability of top IP's popularity," said Jeff Zhang, equity analyst at Morningstar, adding that a pullback in dividend payout ratio to 25% in 2025 from 35% in the prior year was also a negative factor. Stock Chart Icon Stock chart icon Pop Mart International Labubu, the snaggle-toothed monster doll that became a global collectible phenomenon, has remained the company's primary growth engine. But Pop Mart's chances of replicating that success with newer characters such as Skullpanda and Twinkle Twinkle have come under investor scrutiny with the momentum that drove a massive rally in the stock over the past two years beginning to fade. Sales from Skullpanda more than doubled to 3.54 billion yuan, and those for Crybaby and Dimoo each roughly tripled. But The Monsters — the IP family that houses Labubu — still contributed a larger share of 38% to the total annual revenue, compared with 23% in 2024. Twinkle Twinkle and Hirono, newer additions to the roster, generated 2.06 billion yuan and 1.74 billion yuan, respectively, substantially lower compared with The Monster family sales of $14.2 billion yuan. Bill...