他表示，中东油气中断数量还在逐日增长；霍尔木兹海峡与船运的恢复至关重要 【财新网】 “中东危机迅速升级，成为该地区油气产业迄今面临的最大危机。”全球最大石油厂商沙特阿美（2222.se）总裁兼首席执行官（CEO）阿明·纳赛尔（Amin Nasser）在3月10日召开的年度业绩电话会议上表示。 纳赛尔表示，当前，中东已有约1.8亿桶石油供应中断，且中断数量还在逐日增长。他称，约17%的全球石油供应需途径霍尔木兹海峡，从中东地区运至全球。 美伊战争升级以后，油轮、集装箱船、散货船等数千艘国际商船滞留海峡两端。霍尔木兹海峡位于阿曼和伊朗之间，连接波斯湾、阿曼湾和阿拉伯海，有“世界油阀”之称，其石油运输通行量占全球贸易体量近三成，其中约八成销往亚洲市场；LNG（液化天然气）通行量占全球贸易量近两成；金属、化肥、甲醇的运量分别占比24.4%、33.1%以及32%。（详见财新周刊封面报道《 霍尔木兹海峡悬念 》）

Oil futures took another swift dive on Tuesday as world leaders consider releasing emergency supplies as the Iran conflict stretched into an eleventh day.

Marvell Technology shares just got a big-time boost after the company's latest earnings report. Its outlook suggests more upside could be in store.

Madmaxer/iStock via Getty Images Japan is targeting a fivefold increase in sales of ​locally made semiconductors to 40T yen (about $253.6B) by 2040 under ‌Prime Minister Sanae Takaichi's growth investment strategy, Reuters reported. The government's goal is about 8T yen in annual sales now, extending an ​existing target of 15T yen for 2030, the report added . The government said that with AI now driving rapid growth in the design and ⁠manufacturing ​of advanced chips, Japan must ​position itself to capture that expansion, the report noted. Chips are among the products the government has designated as ​strategically important for economic security and will ​be the focus of expanded public investment to boost growth, according to the report. Detailed ⁠is expected to be finalized in the coming months and incorporated into next year's budget planning, the report added. The Japanese government aims to capture a 30% share of the global physical AI market, on par with the U.S. and China, Nikkei Asia reported . Last month, Japanese chipmaker Rapidus secured about 267.6B yen in funding from the Japanese government and private sector companies. More on Tokyo Electron and SoftBank SoftBank Group Corp. (SFTB:CA) Q3 2026 Earnings Call Transcript SoftBank Group Corp. 2026 Q3 - Results - Earnings Call Presentation Tokyo Electron: A Lot Of Good News Is Priced In Seeking Alpha’s Quant Rating on Tokyo Electron Limited Historical earnings data for Tokyo Electron Limited

Hong Kong is set to challenge London’s dominance in marine insurance as Middle East tensions highlight the city’s ability to provide war-risk cover at a lower cost, according to the local insurance regulator’s chairman. Stephen Yiu Kin-wah on Tuesday said the Insurance Authority had supported insurers in launching a special war-risk insurance pool last November, which now covered 10 mainland Chinese ships sailing in the Gulf. The pool, backed by five Hong Kong insurers, offers up to US$130 million in compensation for shipowners in Hong Kong and the mainland against war and emergency risks. Advertisement “The Middle East tensions in recent days have proven that the marine specialty risk pool is very much needed to provide insurance cover to shipowners,” Yiu said. “This is very important for Hong Kong to act as a marine insurance centre in the region, as it shows the city has the capacity to provide this type of cover.” Without such a pool, Chinese and Hong Kong shipowners could only turn to London for cover, Insurance Authority CEO Clement Cheung Wan-ching said, adding they would have been expected to pay more than in Hong Kong. Insurance Authority chairman Stephen Yiu Kin-wah (left) and CEO Clement Cheung Wan-ching meet the media on March 10, 2026. Photo: Enoch Yiu “China owns one of the largest numbers of ships worldwide, while Hong Kong insurance companies are familiar with these Chinese companies and their business models,” Cheung said. “It is therefore Hong Kong’s role to provide marine insurance cover for these shipowners at a cheaper cost than overseas insurance markets.”

宇新股份（002986）公告，自披露日起15个交易日后的3个月内(2026年4月1日至2026年6月30日)，股东倪毓蓓拟以集中竞价方式减持不超过374.8万股，不超过公司剔除回购专用账户股份后总股本的1%。倪毓蓓目前持股1363.42万股，占3.59%；其配偶张林峰持股650.52万股，占1.71%；一致行动人持股584.28万股，占1.54%，三者合计占6.84%。减持原因为个人资金需求。

格隆汇3月10日｜据中国黄金协会，3月9日下午，中国黄金协会党委书记严弟勇在北京会见上海黄金交易所党委书记、理事长余文建一行，双方围绕行业发展新形势、风险防控、自律建设等议题深入交流。此次会见进一步明确了双方合作方向。双方表示，将以此次会谈为契机，持续深化沟通协作，完善黄金市场体系，引导企业规范升级，推动黄金产业践行新质生产力发展要求，在维护金融安全、服务实体经济、助力区域协调发展中贡献更大力量。

蔚来发布2025年四季度及全年财报。四季度总营收创历史新高346.5亿元，同比增长75.9%；四季度实现经营利润12.5亿元，实现公司首次季度盈利。四季度现金储备459亿元，环比大幅增长近百亿。2026年一季度交付指引80,000台-83,000台，同比增长90.1%-97.2%。营收指引244.8亿元-251.8亿元，同比增长103.4%至109.2%。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

格隆汇3月10日｜蔚来发布2025年四季度及全年财报。去年四季度实现经营利润12.5亿元，实现公司季度首次盈利；现金储备459亿元，环比大幅增长近百亿；营收346.5亿元，同比增75.9%；毛利率17.5%。第四季度毛利润60.741亿元，同比增长163.1%，环比增长100.8%。第四季度车辆交付量为124807辆。 2026年一季度交付指引80,000台至83,000台，同比增长90.1%至97.2%；营收指引244.8亿元至251.8亿元，同比增长103.4%至109.2%。

格隆汇3月10日｜四川宜宾市2026长三角人工智能产业合作推介活动在上海举行。会上，宜宾发布人工智能产业发展基金，规模20亿元，主要投向大模型行业应用、具身智能硬件、算力基础设施等领域。据悉，自2022年以来，宜宾与头部资本已构建起600亿元的产业基金矩阵。

有小巴業界指若油價持續高企，不排除要加價彌補支出。國際油價今日雖然回落，但有學者指本港油價，未必能即時跟隨回調。 油價波動的影響，擴展至小巴。有紅色小巴代表指，隨著柴油及石油氣價格上漲，自僱的紅色小巴司機已要付多些，未來或要轉嫁乘客。 小巴車主司機協進會主席張漢華說：「石油氣加了近一毫，柴油由25元加至近30元，壓力大了很多，司機平均每日都不見20元至30元，他們收入都少了。如果4月份油價、石油氣價飆升一元，紅色小巴可能加少許價，彌補支出。」 受伊朗戰火波及，中東原油供應要道霍爾木茲海峽連日癱瘓，國際期油亦連日攀升，周一最高每桶突破110美元，最新這日就回落至約90美元一桶。 國際油價急升，本港油價亦有反映。大部分由海外進口燃油的油公司，每公升無鉛汽油價格，扣除折扣及燃油稅，由開戰前一日平均約18元一公升，每日價格有輕微變動，至本周一已累積貴了近六元。 憧憬中東戰事快將結束，國際期油價格周二由高位回調，本港油價又是否有望跟隨？ 中文大學經濟學系副教授莊太量指出：「車用燃油的加減，通常會跟隨國際油價，但周期多長多短，不一定是同步，要視乎該行業，或各間油公司自行釐定。可能訊息不是很透明，以及競爭不夠大，而且尚有庫存，可能入了些貴油但汽油未賣完，可能會有滯後情況。」 政府過去曾解釋，車用燃油價格取決於多項因素，包括採購進口成品油，及經營油站成本等，不能單憑國際原油價格推斷變動。 消委會就指，各間油公司的定價策略，牽涉內部商業決定，不予評論，但會持續監察本港車用燃油價格。

有小巴業界指若油價持續高企，不排除要加價彌補支出。國際油價今日雖然回落，但有學者指本港油價，未必能即時跟隨回調。 油價波動的影響，擴展至小巴。有紅色小巴代表指，隨著柴油及石油氣價格上漲，自僱的紅色小巴司機已要付多些，未來或要轉嫁乘客。 小巴車主司機協進會主席張漢華說：「石油氣加了近一毫，柴油由25元加至近30元，壓力大了很多，司機平均每日都不見20元至30元，他們收入都少了。如果4月份油價、石油氣價飆升一元，紅色小巴可能加少許價，彌補支出。」 受伊朗戰火波及，中東原油供應要道霍爾木茲海峽連日癱瘓，國際期油亦連日攀升，周一最高每桶突破110美元，最新這日就回落至約90美元一桶。 國際油價急升，本港油價亦有反映。大部分由海外進口燃油的油公司，每公升無鉛汽油價格，扣除折扣及燃油稅，由開戰前一日平均約18元一公升，每日價格有輕微變動，至本周一已累積貴了近六元。 憧憬中東戰事快將結束，國際期油價格周二由高位回調，本港油價又是否有望跟隨？ 中文大學經濟學系副教授莊太量指出：「車用燃油的加減，通常會跟隨國際油價，但周期多長多短，不一定是同步，要視乎該行業，或各間油公司自行釐定。可能訊息不是很透明，以及競爭不夠大，而且尚有庫存，可能入了些貴油但汽油未賣完，可能會有滯後情況。」 政府過去曾解釋，車用燃油價格取決於多項因素，包括採購進口成品油，及經營油站成本等，不能單憑國際原油價格推斷變動。 消委會就指，各間油公司的定價策略，牽涉內部商業決定，不予評論，但會持續監察本港車用燃油價格。

文章提及标的 浙江新能 -- 能源 -- 浙江新能（600032）公告，浙江新能（600032）能源（850101）发展有限公司及其一致行动人浙江省能源（850101）集团有限公司合计持有公司股份比例由77.85%下降至76.95%。新能发展于2026年2月10日起以集中竞价交易方式减持公司股份，截至2026年3月9日合计减持2149.42万股，减持比例为0.8939%。

格隆汇3月10日｜萤石网络公告，董事长兼总经理蒋海青于2026年3月9日~2026年3月10日通过上海证券交易所集中竞价增持公司A股15.62万股，耗资419.49万元，占总股本0.0198%；增持前持股208.58万股，占0.2649%，增持后持股224.2万股，占0.2847%。本次增持未触及权益变动且不会导致股东身份发生变化。

Hwangdaesung/iStock via Getty Images Tesla: Optimus and vehicle delivery My last analysis on Tesla, Inc. ( TSLA ) stock was published on Feb 2 under a title of “Tesla Q4 Earnings: My CliffsNotes On 200+ P/E And Record CapEx”. The article served as an earning preview for its Q4 earnings report (ER) and rated the stock as a buy. Since then, there have been a few new developments surrounding this storied company worthy of a follow-up. The rest of the article will focus on two new developments that could have long-term impact in my view: the latest updates surrounding its Optimus Gen 3 production and also the upcoming Q1 vehicle delivery report. As a background, last year, Tesla announced its Q1 2025 vehicle delivery and production data on April 2, 2025. I anticipate the company to release its Q1 2026 vehicle delivery data around the same timeframe (which is shortly before its Q1 ER scheduled on April 22). Later, I will explain why I expect 2026’s delivery data to see continued decline and explore the implications. But before diving into those details, let me first articulate my core thesis for this article, which is mainly twofold. Firstly, I will explain how TSLA’s switch from manufacturing EVs to Optimus Gen 3 can cause a temporary deviation from the Wright’s law fitting for the company. Secondly and more importantly, I will explain why the production efficiency of Optimus could follow the law too and thus start a secondary Wright’s Law cost decline. Judging by the new production targets announced by the Elon Musk, I expect this decline to start in the near future, and thus providing an immediate bullish catalysts for TSLA. What is Wright’s law? For readers new to the Wright’s Law (also simply referred to as the law hereafter), the chart and quotes take from ARK Invest serve as an excellent tutorial: Specific to the auto industry, the following chart shows a fitting of Ford’s Model T production data between 1909-1923 to Wright’s Law. As seen, the data is precisely pr...

Hwangdaesung/iStock via Getty Images Tesla: Optimus and vehicle delivery My last analysis on Tesla, Inc. ( TSLA ) stock was published on Feb 2 under a title of “Tesla Q4 Earnings: My CliffsNotes On 200+ P/E And Record CapEx”. The article served as an earning preview for its Q4 earnings report (ER) and rated the stock as a buy. Since then, there have been a few new developments surrounding this storied company worthy of a follow-up. The rest of the article will focus on two new developments that could have long-term impact in my view: the latest updates surrounding its Optimus Gen 3 production and also the upcoming Q1 vehicle delivery report. As a background, last year, Tesla announced its Q1 2025 vehicle delivery and production data on April 2, 2025. I anticipate the company to release its Q1 2026 vehicle delivery data around the same timeframe (which is shortly before its Q1 ER scheduled on April 22). Later, I will explain why I expect 2026’s delivery data to see continued decline and explore the implications. But before diving into those details, let me first articulate my core thesis for this article, which is mainly twofold. Firstly, I will explain how TSLA’s switch from manufacturing EVs to Optimus Gen 3 can cause a temporary deviation from the Wright’s law fitting for the company. Secondly and more importantly, I will explain why the production efficiency of Optimus could follow the law too and thus start a secondary Wright’s Law cost decline. Judging by the new production targets announced by the Elon Musk, I expect this decline to start in the near future, and thus providing an immediate bullish catalysts for TSLA. What is Wright’s law? For readers new to the Wright’s Law (also simply referred to as the law hereafter), the chart and quotes take from ARK Invest serve as an excellent tutorial: Specific to the auto industry, the following chart shows a fitting of Ford’s Model T production data between 1909-1923 to Wright’s Law. As seen, the data is precisely pr...

Joey Barton has been arrested on suspicion of attacking a man near a golf club in Liverpool. The former footballer was detained by police following the incident outside Huyton and Prescot golf club at 9pm on Sunday. Barton, 43, was one of two men arrested as emergency services responded to reports a man had been seriously assaulted. The alleged victim was taken to hospital for facial and rib injuries. Merseyside police said a 50-year-old man and a 43-year-old man were being held on suspicion of section 18 wounding, a form of grievous bodily harm. Police officers remained at the scene on Tuesday morning carrying out fingertip searches behind a cordon. Officers could also be seen checking neighbouring gardens while sniffer dogs were also seen at the golf club, about eight miles east of Liverpool city centre. One neighbour told the Liverpool Echo on Tuesday that they had seen a man on the floor “with blood on him” before they rang 999. They said they saw police washing blood off the pavement on Monday. They said: “When my partner went to work yesterday morning they had took the cordon down and they were washing the pavement. That’s why there’s sand all over the pavement from where they washed it.” Barton played for clubs including Manchester City, Newcastle and Rangers during his 15-year career in top-flight football. He moved into management in 2018, first with Fleetwood Town and then Bristol Rovers until 2023.

平台经济需从流量撮合升级为行业共建、生态反哺，才能健康运转并找到新阶段的护城河，携程也不例外。 上月底，携程发布2025年Q4及全年财报，业绩再创新高：全年营收624亿元，归母净利润332.94亿元，相较2024年近乎翻倍。核心OTA业务依然保持80%以上毛利率，56%的市场份额（整个携程系近70%）。 但同期宣布的两位高管离职（总裁范敏、董事季琦，均为联创），以及一个多月前的市监局调查，给携程的处境增添了新的变量。 事实上， 即便没有监管因素，携程也到了一个需要寻找新增长点的时刻 。监管只是让这个时刻更早、更显性地到来。 仔细看财报会发现，携程超高净利润中有199亿元（近60%）来自投资收益，剥离后，核心OTA业务利润在135-160亿元区间，增速趋平甚至略有下降，营销成本也在上涨。 更重要的是，消费需求、酒店行业、技术入口都在变化，酒旅生态的可持续性也要求携程应尽早做出转变。 多重因素叠加，携程站在了新的抉择点上，我们需要用新的眼光来理解它，其中的关键，是理解支撑它走到今天的核心支点，会发生怎样的变化。 整体上我们认为： 1，携程最核心的护城河是超强的供应链能力——规模大、掌控头部优质资源、控制力强。这套供应链成就了携程的服务能力与行业地位，也部分造成了监管困境。 2，这种供应链能力的形成，既源于平台经济的发展惯性，也与酒店行业独特的供给特征有关。 3，靠简单流量费盈利的平台模式已近尽头，平台经济需从流量撮合升级为行业共建、生态反哺，才能健康运转并找到新阶段的护城河，携程也不例外。 因此，如何理解现在的携程，几乎就是如何理解互联网平台经济转向的一个大样本。 核心护城河：一整套供应链系统 与所有平台生意一样，携程所做的事本质是供需撮合，比拼的是两端的规模效应与匹配效率。 但酒旅行业的特殊性在于： 消费链条长、服务属性强，因此供给能力的比拼不止于供应链数量，更在于服务稳定性。 换言之，谁拥有更庞大、高效且稳定的供应链系统，谁的护城河越深。 携程的护城河也在于这一整套供应链系统，尤其是在酒店，特别是高星酒店和异地商旅酒店上的供给能力。 住宿长期是携程的营收和利润大头。最新财报中，携程住宿营收占比41.7%，毛利率约70%（行业佣金率15%-20%）；排名第二的交通业务营收占比36.1%，但受制于铁路局和航司的定价权，溢价空间有限，更多扮演引流入口。 从竞争维度看，高端...

國際油價劇烈波動，香港航空宣布周四起調高客運燃油附加費，其中往歐美長途航班，單程加150元。有研究航空政策的學者認為，中東戰爭令燃油價格高企，影響航空業復蘇步伐。 港航繼今月初調高客運燃油附加費，相隔不到半個月又再加。前往中東、歐美等長途航班，燃油附加費加至739元，每程多150元，旅客來回需多付300元。日韓、泰國等短途航班，每程燃油附加費加50元，增至212元，增幅達三成。前往馬爾代夫、孟加拉等加100元。 至於往內地城市的航班，燃油附加費加5元，往台灣的航班就加20元，周四起簽發的機票生效。 民航處2018年取消燃油附加費禁令，允許航空公司根據商業考慮徵收，並規定需在直銷機票中，清晰展示有關費用。 燃油開支在航空公司成本，佔較大比重，有研究航空政策的學者指，中東戰爭令燃油價格高企，影響航空業復蘇步伐。 中大航空政策研究中心高級顧問羅祥國指出：「這個情況下對任何航空公司經營成本都構成壓力導致調升，這情況下要透過增加燃油附加費，減少對油價升幅的壓力，這對旅客出行意欲及需要一定有負面影響，這在業務上需求下降，反而更影響航空公司未來一年盈利及經營狀況。」 有經濟學者指，中東戰事未知持續多久，預料燃油價格短期持續高企。 浸大會計、經濟及金融學系副教授麥萃才表示：「之前有油田或國家能源生產被終止，要重啟的話需要更多時間才能提供供應，因此短期供應量不能提升的關係，油價會維持高水平，單純看一兩日油價走勢，不足以反映未來成品油油價。」 他不排除其他航空公司亦會調升燃油附加價，但因應各自運力不同，調整幅度可能分別較大。

Xanadu and AMD Team Up Ahead of Trading Debut. Quantum Computing Meets Aerospace. Barron's

sankai/iStock via Getty Images Transcript The Middle East conflict is causing energy supply disruptions and price shocks with very different regional market effects. It adds to inflation risk and reinforces our long-held view that we are in a world shaped by supply. For now, we see energy supply disruptions lasting weeks - not months - and don’t currently see any reason to push back on current pricing. 1) Upending market trends The conflict is upending recent trends and well-established relationships in global markets. International equities had outperformed U.S. stocks this year, but that leadership has reversed abruptly. Similarly, prices of liquified natural gas - or LNG - are rocketing upward in regions that rely heavily on imports such as Europe, but staying mostly put in the U.S. Long-term U.S. Treasuries declined, whereas they would often rally and cushion equity market selloffs in past geopolitical crises. This aligns with our view that we are at risk of an inflationary supply shock, rather than a classic demand-driven growth slowdown. 2) Sizing up the shock This is a disruption at the heart of the global LNG infrastructure - very different from the Europe-centric, pipeline-driven energy crunch of 2022. Back then, LNG prices tightened through competitive bidding and stockpiling. Today, the strain on energy starts at export terminals and shipping posts. We think that Europe and parts of Asia will feel the most strain, since they rely on imported LNG for industrial production. 3) A world shaped by supply These developments fit a pattern we’ve long observed: geopolitical shocks creating supply constraints in a fragmenting world. Structurally sticky inflation remains the risk if the disruption endures. Against this backdrop, growth-inflation trade-offs become even more acute. That tension is already showing up in rising long-term bond yields and upward pressure on term premia, or the extra compensation investors demand to hold long-term bonds. Even without a pro...

'Pro-worker AI,' streaming fatalities, and other fascinating new economic studies toggle caption KIRILL KUDRYAVTSEV/AFP via Getty Images Economists are constantly churning out fascinating research, and as much as we try at Planet Money, there's a lot of stuff we don't cover. So, periodically, we like to do a little round-up of interesting economic papers we've come across and share it with you in the Planet Money newsletter. (If you're not already subscribed, you can subscribe here). Welcome to the latest Planet Money Econ Paper Roundup! Creating a world with "Pro-Worker Artificial Intelligence" Recently, Jack Dorsey, the co-founder and CEO of Block (and co-founder and former CEO of Twitter), announced that he was laying off 4,000 workers — or about 40% of Block's workforce. And he suggested a big reason for the layoffs was AI had made many of the workers redundant. Block's stock price surged on the news. Sponsor Message For what it's worth, analysts are skeptical that AI is the real reason Block is laying off so many workers. They suggest Block is downsizing because its executives made the mistake of overhiring in recent years. Meanwhile, their stock price is down more than 80% since its 2021 peak. They suggest that invoking AI as the reason for layoffs was basically PR spin. Nonetheless, Dorsey's announcement of AI-related layoffs took econ social media by storm. Probably because, as public surveys suggest, the majority of American workers are suffering from what you might call AI anxiety. Can you blame them? The technology has made dramatic advances in recent years, and tech leaders, like Jack Dorsey, blame — or maybe scapegoat — AI for job losses. Meanwhile, AI executives are making mind-blowing predictions about how AI is going to kill all sorts of jobs in the near future. In a new essay, a group of rockstar economists from MIT offers a more hopeful vision for the future of human work. One in which humans collaborate with AI to get better at existing jobs, AI c...

Quarterly Adjusted Profit From Operations (non-GAAP) Reached RMB1,251.3 Million (US$178.9 Million)i Quarterly Total Revenues Reached RMB34,650.2 Million (US$4,954.9 Million)i Quarterly Vehicle Deliveries Were 124,807 Units Full Year Total Revenues Reached RMB87,487.5 Million (US$12,510.5 Million) Full Year Vehicle Deliveries Were 326,028 Units SHANGHAI, China, March 10, 2026 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025. Operating Highlights for the Fourth Quarter and Full Year of 2025 Vehicle deliveries were 124,807 in the fourth quarter of 2025, representing an increase of 71.7% from the fourth quarter of 2024, and an increase of 43.3% from the third quarter of 2025. The deliveries consisted of 67,433 vehicles from the Company’s premium smart electric vehicle brand NIO, 38,290 vehicles from the Company’s family-oriented smart electric vehicle brand ONVO, and 19,084 vehicles from the Company’s small smart high-end electric car brand FIREFLY. Key Operating Results 2025 Q4 2025 Q3 2025 Q2 2025 Q1 Deliveries 124,807 87,071 72,056 42,094 2024 Q4 2024 Q3 2024 Q2 2024 Q1 Deliveries 72,689 61,855 57,373 30,053 Financial Highlights for the Fourth Quarter of 2025 Vehicle sales were RMB31,606.2 million (US$4,519.6 million) in the fourth quarter of 2025, representing an increase of 80.9% from the fourth quarter of 2024 and an increase of 64.6% from the third quarter of 2025. were RMB31,606.2 million (US$4,519.6 million) in the fourth quarter of 2025, representing an increase of 80.9% from the fourth quarter of 2024 and an increase of 64.6% from the third quarter of 2025. Vehicle margin ii was 18.1% in the fourth quarter of 2025, compared with 13.1% in the fourth quarter of 2024 and 14.7% in the third quarter of 2025. was 18.1% in the fourth quarter of...

UK Govt Plots Another X Shutdown Over Grok's "Offensive" Roasts Authored by Steve Watson via Modernity.news, The UK government under Keir Starmer is once again eyeing a total ban on X, this time claiming Grok’s ability to spit out “insults” and “offensive language” poses a dire threat. But as users on the platform point out, this is just another excuse to silence dissent against the regime. Fresh reports reveal Starmer’s administration is probing ways to penalize X for “spreading offence online,” including a potential shutdown. Sky News reported on Grok being prompted to generate vulgar responses targeting Hinduism, Islam, and even historic football disasters. Watch: 🚨BREAKING: KEIR STARMER IS CONSIDERING MOVE TO SHUT DOWN X AGAIN Grok can be prompted to produce 'insults' and 'offensive language' The UK Government are now looking at ways to penalise the platform for spreading offence online INCLUDING a possible shutdown We know why… pic.twitter.com/nTUrFZtwbQ — Basil the Great (@BasilTheGreat) March 8, 2026 The correspondent notes that Grok has been used to generate “highly offensive content” directed toward groups of football fans, such as blaming Liverpool supporters for the 1989 Hillsborough disaster, where 97 fans died in a crush, and for which authorities were found to be culpably responsible. Similar insults targeted Rangers fans, referencing the 1971 Ibrox disaster that claimed 66 lives. The government says it is investigating the issue. This comes after Ofcom, as the regulator, stated at the start of the year that it was considering potential actions. Under the Online Safety Act, penalties could include fines up to 10% of a company’s worldwide revenue or £18 million if non-compliance is determined. Sky News states that X is “urgently investigating” the chatbot responses. This isn’t Starmer’s first rodeo in targeting X. As we detailed in our earlier coverage, the UK government threatened a total ban on X over the so-called “Grok bikini flap,” where the AI was...

BioNTech SE ’s founders will leave the company to start a new biotech focused on messenger RNA, the technology behind their blockbuster Covid-19 vaccine. The couple, Ugur Sahin and Özlem Türeci , will shift to the new company by the end of the year, BioNTech said Tuesday. The original firm plans to back the venture by contributing some of its rights and mRNA technologies in exchange for a minority stake and future milestone and royalty payments. Sahin and his wife are scientists at heart who’d rather devote their energy to pursuing innovation than manage a large biopharmaceutical company, he said in an interview. BioNTech long had an academic vibe, publishing original research, and Sahin is a common sight on the streets of its headquarters city of Mainz, riding a mountain bike to work. “BioNTech is now coming into a trajectory that has more to do with speed, execution, commercialization and so on, and industrialization,” Sahin said. “This is something that takes time, and I think also there are managers that love to do that.” The transition is the result of more than 18 months of discussions about next steps and different models for BioNTech’s leadership, according to Sahin. The decision to double down on mRNA comes at a delicate time, with the technology facing political pressure in the US, including cuts to federal funding for mRNA vaccine projects and a more cautious immunization strategy that have weighed on investor sentiment. “The potential of mRNA is high, and we should not be driven by anything that happens outside of the science field,” Sahin said. The new company will be the duo’s third biotech after Ganymed Pharmaceuticals in 2001 and BioNTech in 2008. BioNTech pivoted toward vaccines during the pandemic in collaboration with Pfizer Inc. Now it’s using the billions in revenue made from selling the shots to bring its first cancer therapy to market. One promising drug, pumitamig, is undergoing tests for breast and lung tumors. Unlike rival Moderna Inc. , Bi...

Key Points Stock indexes have fluctuated between gains and losses in recent days amid various headwinds. Right now, actually, could be a very good time to invest. 10 stocks we like better than S&P 500 Index › Over the past three years, stock indexes soared, and the famous S&P 500 delivered a 78% gain, reaching multiple record highs. A lower interest rate environment, as well as optimism about new technologies such as artificial intelligence (AI) and quantum computing, drove investors to pile into these and other growth stocks. Though worries about U.S. tariffs on imports rocked markets last spring, the concerns quickly eased, and indexes went on to gain and finish the year on a positive note. But in recent weeks, new concerns have accumulated, from questions about the AI revenue opportunity to uncertainty about the pace of interest rate cuts and the state of the economy. Meanwhile, the escalating conflict in Iran, which turned into war in recent times, added to investors' worries. As a result, indexes have swung from gains to losses, and last week, the Dow Jones Industrial Average posted its worst weekly drop since April. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The stock market clearly is in turmoil right now, but this doesn't mean you should stop investing. Here are three crucial things to do now to protect your portfolio -- and increase your chances of an investing win over the long run. 1. Add diversification It's never a good idea to go all in on one stock or industry and ignore the others -- regardless of how promising that stock or industry may be. Even the best companies encounter headwinds at one point or another, and that could result in poor stock performance. During times of turmoil, we might see this unfolding, with certain sectors suffering more than others. The best way to in...

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文章提及标的 萤石网络 -- 萤石网络（688475）公告，董事长兼总经理蒋海青于2026年3月9日～2026年3月10日通过上海证券交易所集中竞价增持公司A股15.62万股，耗资419.49万元，占总股本0.0198%；增持前持股208.58万股，占0.2649%，增持后持股224.2万股，占0.2847%。本次增持未触及权益变动且不会导致股东身份发生变化。

Indian edible oil buyers move to secure prompt shipments as prices surge Reuters

格隆汇3月10日｜伊拉克安全部门一名消息人士10日表示，伊北部基尔库克省当天凌晨发生一起不明来源空袭，造成伊拉克民兵武装“人民动员组织”至少6名成员死亡、3人受伤。