JHVEPhoto The U.K.'s members of parliament are calling on their government to end a major deal with Palantir Technologies ( PLTR ) and disclose more details of a military contract with the company. The U.K.'s Science, Innovation and Technology Committee issued a report in which it said that it "identifies Palantir as the most concerning example of the public sector’s growing reliance on a small nu...
JHVEPhoto The U.K.'s members of parliament are calling on their government to end a major deal with Palantir Technologies ( PLTR ) and disclose more details of a military contract with the company. The U.K.'s Science, Innovation and Technology Committee issued a report in which it said that it "identifies Palantir as the most concerning example of the public sector’s growing reliance on a small number of major technology providers, including Microsoft and Amazon Web Services." British parliamentarians recommended breaking a £330M (about $445M) National Health Service, or NHS, contract with the U.S. company. The NHS Federated Data Platform, or FDP, contract is valued at £330M over a maximum seven-year period and will provide access for up to 240 NHS trusts and integrated care systems. The initial three-year commitment ends on Feb. 15, 2027, the report added. The committee said that the government should commit to exercising the February 2027 break clause in the Federated Data Platform contract and either develop an in-house replacement or seek an alternative developed by U.K.-owned and U.K.-based providers that are more compatible with the country's values. "Of the small number of technology providers that the UK public sector relies upon, Palantir concerns us most. In the United States it has supplied software for that country’s military and immigration services, supporting highly controversial policies and activities. Its co-founder has criticised the concept of a national health service and the company has issued a manifesto that makes explicitly political arguments, undermining what the head of their UK and European business told us," said the report. The parliamentarians also said that the government should confirm the exact nature of Palantir’s access to identifiable and non-identifiable patient data, on what basis it was authorized, and by whom. In addition, the committee said that the government should set out the reasons for awarding a £240M Ministry of Defe...
JHVEPhoto The U.K.'s members of parliament are calling on their government to end a major deal with Palantir Technologies ( PLTR ) and disclose more details of a military contract with the company. The U.K.'s Science, Innovation and Technology Committee issued a report in which it said that it "identifies Palantir as the most concerning example of the public sector’s growing reliance on a small nu...
JHVEPhoto The U.K.'s members of parliament are calling on their government to end a major deal with Palantir Technologies ( PLTR ) and disclose more details of a military contract with the company. The U.K.'s Science, Innovation and Technology Committee issued a report in which it said that it "identifies Palantir as the most concerning example of the public sector’s growing reliance on a small number of major technology providers, including Microsoft and Amazon Web Services." British parliamentarians recommended breaking a £330M (about $445M) National Health Service, or NHS, contract with the U.S. company. The NHS Federated Data Platform, or FDP, contract is valued at £330M over a maximum seven-year period and will provide access for up to 240 NHS trusts and integrated care systems. The initial three-year commitment ends on Feb. 15, 2027, the report added. The committee said that the government should commit to exercising the February 2027 break clause in the Federated Data Platform contract and either develop an in-house replacement or seek an alternative developed by U.K.-owned and U.K.-based providers that are more compatible with the country's values. "Of the small number of technology providers that the UK public sector relies upon, Palantir concerns us most. In the United States it has supplied software for that country’s military and immigration services, supporting highly controversial policies and activities. Its co-founder has criticised the concept of a national health service and the company has issued a manifesto that makes explicitly political arguments, undermining what the head of their UK and European business told us," said the report. The parliamentarians also said that the government should confirm the exact nature of Palantir’s access to identifiable and non-identifiable patient data, on what basis it was authorized, and by whom. In addition, the committee said that the government should set out the reasons for awarding a £240M Ministry of Defe...
Apple has agreed to submit the financials of its India business to the country's antitrust body as part of an investigation that found the U.S. firm abused its market position, taking the long-delayed case a step closer to a potential penalty decision, an agency order shows. The case is Apple's most high-profile regulatory headache in India, a key growth market where it has rapidly expanded iPho...
Apple has agreed to submit the financials of its India business to the country's antitrust body as part of an investigation that found the U.S. firm abused its market position, taking the long-delayed case a step closer to a potential penalty decision, an agency order shows. The case is Apple's most high-profile regulatory headache in India, a key growth market where it has rapidly expanded iPhone production as it diversifies beyond China. A confidential Competition Commission of India (CCI) order, reviewed by Reuters, showed Apple last month agreed to supply its India financials - typically needed by the watchdog for penalty calculations.
A fleet of Tesla Cybertrucks sits outside the Starbase Build Site at SpaceX's South Texas testing facility on Feb. 6, 2026. Reginald Mathalone | Nurphoto | Getty Images SpaceX is expected to start trading on the Nasdaq in just over two weeks, but Morningstar analysts have warned that Elon Musk's tech behemoth is "significantly overvalued." The hotly-anticipated debut is expected to be the largest ...
A fleet of Tesla Cybertrucks sits outside the Starbase Build Site at SpaceX's South Texas testing facility on Feb. 6, 2026. Reginald Mathalone | Nurphoto | Getty Images SpaceX is expected to start trading on the Nasdaq in just over two weeks, but Morningstar analysts have warned that Elon Musk's tech behemoth is "significantly overvalued." The hotly-anticipated debut is expected to be the largest ever initial public offering, with SpaceX reportedly targeting a $75 billion fundraise and a valuation of $1.75 trillion. "We think the company has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO," Morningstar analysts wrote in a note published Monday. The analysts see a wide range of possibilities for the potential profitability of SpaceX's xAI and find its "economic moat indeterminate." They view the unit as posing a "material threat of value destruction" to the company. As such, Morningstar's discounted cash flow valuation of SpaceX is $780 billion, which is roughly 48% below its private market valuation of $1.5 trillion. Morningstar said the upcoming IPO does not offer the best entry point for retail investors. However, long-term investors eager to participate in the company's potential future success will have more opportunities later down the line, with "a greater margin of safety" than at the time of flotation, the analysts added. "With a small initial float boosted by almost every investment bank on the planet, buoyant investor appetite for AI infrastructure bids, and an unprecedented path to inclusion in the Nasdaq 100 Index just 15 trading days after the IPO, we expect SpaceX's share price will likely survive separation and may even ascend, at least for a time," Morningstar said. SpaceX recorded a net loss in the latest quarter of $4.28 billion after losing $4.94 billion in 2025. Its Starlink arm generated $3.26 billion in revenue in the latest quarter, accounting for 69% of the total. It...
Energy and military sites targeted as guests gather for economic forum where Putin is due to speak on Friday Ukrainian drones hit energy and military sites in St Petersburg early on Wednesday hours before international guests gathered for the city’s flagship economic forum, in a blow to Vladimir Putin. Several long-range drones crashed into oil storage facilities after Russian air defences tried u...
Energy and military sites targeted as guests gather for economic forum where Putin is due to speak on Friday Ukrainian drones hit energy and military sites in St Petersburg early on Wednesday hours before international guests gathered for the city’s flagship economic forum, in a blow to Vladimir Putin. Several long-range drones crashed into oil storage facilities after Russian air defences tried unsuccessfully to shoot them down. There were loud explosions and black smoke rose high above the city from the blazing oil terminal. Continue reading...
Hungary’s bonds, the world’s best emerging-market performers in the past months, are set to rally further, according to asset manager PGIM Ltd . The firm, which has about $60 billion in EM fixed-income assets, sees further upside for Hungary from the planned injection of billions of euros in European Union aid, potential interest rate cuts and new Prime Minister Peter Magyar ’s plans to quickly jo...
Hungary’s bonds, the world’s best emerging-market performers in the past months, are set to rally further, according to asset manager PGIM Ltd . The firm, which has about $60 billion in EM fixed-income assets, sees further upside for Hungary from the planned injection of billions of euros in European Union aid, potential interest rate cuts and new Prime Minister Peter Magyar ’s plans to quickly join the euro currency area. Hungary is a go-to choice for investors and offers trading opportunities amid the noise from the Iran war, Magdalena Polan , head of emerging-market macro research at PGIM, said in an interview. The country’s local-currency bonds have returned more than 11% since Magyar defeated veteran leader Viktor Orban in April’s ballot, the most among EM peers. “Hungary is indeed one of the strongest stories right now,” Polan said. “We haven’t had a situation of such a deep political change in a country for a while, and one that would elicit such a strong sentiment response.” The forint has gained more than 13% against the euro in the past year, with yields plunging as Magyar’s victory approached and he swiftly started an overhaul after defeating Orban. Upside Triggers The currency and Hungary’s foreign debt “have probably priced in a lot” of the upside from Magyar’s policies, leaving more potential gains ahead for domestic debt securities, Polan said. Still, there may be more gains for the country’s external debt when the fresh EU aid actually starts flowing and credit rating firms begin to react, she added. While Magyar last week secured an agreement with the EU’s executive on the release of €16.4 billion ($19.1 billion) in funding, a further rally is on the cards if the cabinet delivers the required projects within the tight August deadline needed to tap the bloc’s post-Covid recovery program. “Once these disbursements really occur within the tight deadline, this would be an additional boost too for Hungarian hard-currency bonds,” Polan said. Hungary’s 10-...
The broader crypto market may be down in 2026, but that doesn't mean all cryptos are in the red this year. Far from it. In fact, many AI cryptos are surging as a result of continued investor excitement for all things AI . That's why I believe that the next cryptocurrency to go mainstream will come from this group of AI cryptos. The one on my radar right now is Bittensor (CRYPTO: TAO) . Here's why....
The broader crypto market may be down in 2026, but that doesn't mean all cryptos are in the red this year. Far from it. In fact, many AI cryptos are surging as a result of continued investor excitement for all things AI . That's why I believe that the next cryptocurrency to go mainstream will come from this group of AI cryptos. The one on my radar right now is Bittensor (CRYPTO: TAO) . Here's why. Bittensor , up 15% to start the year, currently has a market cap of $2.8 billion. That's good enough to rank it among the top 35 cryptocurrencies in the world. Continue reading