In October last year, Ferrari (NYSE: RACE) announced its financial outlook for the rest of the decade. The forecast implied 5% annualized revenue growth between 2025 and 2030. Investors weren't pleased, overreacting and immediately sending the stock down 21% in a matter of days. This kind of price action is surprising to see from such a successful business. Shares saw choppy trading over the next ...
In October last year, Ferrari (NYSE: RACE) announced its financial outlook for the rest of the decade. The forecast implied 5% annualized revenue growth between 2025 and 2030. Investors weren't pleased, overreacting and immediately sending the stock down 21% in a matter of days. This kind of price action is surprising to see from such a successful business. Shares saw choppy trading over the next several months. And then the market once again showed its displeasure when Ferrari revealed the Luce , its first fully electric vehicle (EV), on May 25. There was no shortage of criticism on the internet, with the unique design getting all the attention. Continue reading
As drone attacks become increasingly common across the Sahel, Nigerian startup Terra Industries is expanding into Ghana and scaling production of drone and counter-drone systems. Backed by $34 million from investors including Palantir co-founder Joe Lonsdale and Lux Capital, the company aims to produce tens of thousands of systems over the coming years as governments across the region bolster thei...
As drone attacks become increasingly common across the Sahel, Nigerian startup Terra Industries is expanding into Ghana and scaling production of drone and counter-drone systems. Backed by $34 million from investors including Palantir co-founder Joe Lonsdale and Lux Capital, the company aims to produce tens of thousands of systems over the coming years as governments across the region bolster their defenses. (Source: Bloomberg)
The cartoon favourite and Mattel toy He-Man battles Skeletor on the big screen, and Garsington continues its run of excellent early operas Masters of the Universe Out now Swords and sorcery seem to be having a little bit of a moment, with the excellent Deathstalker remake a couple of months ago. Now Nicholas Galitzine flexes his muscles as the 1980s Mattel hero He-Man, with Jared Leto vamping as t...
The cartoon favourite and Mattel toy He-Man battles Skeletor on the big screen, and Garsington continues its run of excellent early operas Masters of the Universe Out now Swords and sorcery seem to be having a little bit of a moment, with the excellent Deathstalker remake a couple of months ago. Now Nicholas Galitzine flexes his muscles as the 1980s Mattel hero He-Man, with Jared Leto vamping as the evil Skeletor. Erupcja Out now Pete Ohs directed, produced, shot, edited and co-wrote this lo-fi hipster movie about Bethany (Charli xcx) and Rob (Will Madden), a young couple on holiday in Warsaw who reconnect with an old friend when a volcanic eruption prompts Bethany to re-evaluate what she wants from her life. Scary Movie Out now Before the concept pole-vaulted over the shark with the laugh-free binfires that were Date Movie, Epic Movie and Disaster Movie, the first Scary Movie films had a certain something: lewd, crude, but with some undeniable knockout gags. Now the original talents are back for a “rebooquel” parodying the likes of Terrifier 3, Ma and M3gan. Enzo Out now Robin Campillo (120 Beats Per Minute) returns to co-write and direct the final film from his friend Laurent Cantet, who died aged 63 after starting to make this tale of a teenager (Eloy Pohu) from a rich family who pursues an unexpected future, training as a mason and falling for a Ukrainian builder (Maksym Slivinskyi). Catherine Bray Continue reading...
This article was first published by The Korea Times in a partnership with the South China Morning Post. Two of China’s leading memory-chip makers are moving closer to public listings, posing a significant long-term challenge to South Korean giants Samsung Electronics and SK Hynix, despite a limited immediate threat, according to analysts. ChangXin Memory Technologies (CXMT), China’s leading dynami...
This article was first published by The Korea Times in a partnership with the South China Morning Post. Two of China’s leading memory-chip makers are moving closer to public listings, posing a significant long-term challenge to South Korean giants Samsung Electronics and SK Hynix, despite a limited immediate threat, according to analysts. ChangXin Memory Technologies (CXMT), China’s leading dynamic random-access memory (DRAM) producer, won approval last week for its nearly 30-billion-yuan...
The Quad’s newly announced US$20 billion critical minerals framework aims to loosen China’s near-monopoly on the materials that power modern defence, technology and clean energy industries. But analysts say its success will depend on the ability of Australia, the United States, India and Japan – the Quadrilateral Security Dialogue’s four members – to move beyond policy declarations and deliver mea...
The Quad’s newly announced US$20 billion critical minerals framework aims to loosen China’s near-monopoly on the materials that power modern defence, technology and clean energy industries. But analysts say its success will depend on the ability of Australia, the United States, India and Japan – the Quadrilateral Security Dialogue’s four members – to move beyond policy declarations and deliver measurable outcomes. The initiative, announced after a meeting of Quad foreign ministers on May 27, has...
Laurine, who works in forensics, meets Theo, a financial adviser. They are both 27 What were you hoping for? Love! Or someone new, great conversation, a free dinner and feature in my favourite Guardian column. Continue reading...
Laurine, who works in forensics, meets Theo, a financial adviser. They are both 27 What were you hoping for? Love! Or someone new, great conversation, a free dinner and feature in my favourite Guardian column. Continue reading...
Drug that stops cancer cells hiding and a breakthrough for pancreatic cancer among highlights from Asco conference – but there were also notes of caution Doctors, scientists and researchers shared new research about ways to tackle cancer at the 2026 American Society of Clinical Oncology (Asco) annual meeting, the world’s largest cancer conference. The event in Chicago , attended by 40,000 health p...
Drug that stops cancer cells hiding and a breakthrough for pancreatic cancer among highlights from Asco conference – but there were also notes of caution Doctors, scientists and researchers shared new research about ways to tackle cancer at the 2026 American Society of Clinical Oncology (Asco) annual meeting, the world’s largest cancer conference. The event in Chicago , attended by 40,000 health professionals, featured more than 200 sessions and 2,700 poster presentations on this year’s theme, “the science and practice of translation: improving cancer outcomes worldwide”. Here are the five biggest takeaways. Continue reading...
Thirty years after my parents were pressured into placing me with an adoption agency, I finally reconnected with them. But it was nothing like the neat stories you see on TV One morning in late September 2023, I discovered by chance that my birth mother had been killed almost a year earlier. The revelation came while I was searching my work email for a stray message. In the bin folder, amid a slur...
Thirty years after my parents were pressured into placing me with an adoption agency, I finally reconnected with them. But it was nothing like the neat stories you see on TV One morning in late September 2023, I discovered by chance that my birth mother had been killed almost a year earlier. The revelation came while I was searching my work email for a stray message. In the bin folder, amid a slurry of irrelevant press releases, lay an unopened email, flagging a long-forgotten Google alert I had set up for her name, Susan Barras. We had been estranged for almost 15 years, so this in itself provoked trepidation. I had cut contact with her when our relationship had finally become too fraught and emotionally exhausting for me to continue. Opening the email, I realised with shock that the alert had been triggered by a probate notice about her estate. Susan was only 69 when she died, and my first thought was that the breast cancer she was being treated for when we were in touch had returned. My second was the realisation that both my birth parents were now dead – my birth father had died of liver failure in late 2018, aged 70. But then the unfamiliar name listed on the probate notice, Suzann Doyle, captured my attention. Underneath this was confirmation that my birth mother had changed her name. Her address at the time of her death posed further questions. It was not that of the large detached house in Guildford I had visited just once, a few months after we were reunited, where she had lived with her husband. This address was for a tiny one-bed retirement flat overlooking Guildford train station. Continue reading...
The UK’s biggest bird of prey has been compared to a flying barn door. So how can one fitted with a satellite tracker disappear in prime grouse-shooting country? The six police officers arrived at the Snilesworth estate in two pickup trucks last week, according to one account. They asked to go up on the moors, a source said, and “so off they went”. A vast expanse of spectacularly undulating lands ...
The UK’s biggest bird of prey has been compared to a flying barn door. So how can one fitted with a satellite tracker disappear in prime grouse-shooting country? The six police officers arrived at the Snilesworth estate in two pickup trucks last week, according to one account. They asked to go up on the moors, a source said, and “so off they went”. A vast expanse of spectacularly undulating lands on the western edge of the North York Moors, Snilesworth is globally renowned for its grouse, partridge and pheasant shooting. It is known locally for attracting “rich people from London in helicopters and blacked-out SUVs”. Continue reading...
The country’s bears are one thing. Its tree roots are quite another. And then there is the gorse my wife tumbles into I’m on a plane, in the middle seat between my wife – on the aisle – and a stranger who is occupied on her phone. I too am occupied, with work I should have finished before we left. My wife, a nervous flyer, is in a restless mood. She snatches my laptop and begins typing. I wait, ar...
The country’s bears are one thing. Its tree roots are quite another. And then there is the gorse my wife tumbles into I’m on a plane, in the middle seat between my wife – on the aisle – and a stranger who is occupied on her phone. I too am occupied, with work I should have finished before we left. My wife, a nervous flyer, is in a restless mood. She snatches my laptop and begins typing. I wait, arms folded. Continue reading...
Javier Bardem is at his menacing best in a wild remake of the psychological thriller, and the jazz sax maven surprises with raw country rock spirituality. Here’s the pick of the week’s culture, taken from the Guardian’s best-rated reviews Continue reading...
Javier Bardem is at his menacing best in a wild remake of the psychological thriller, and the jazz sax maven surprises with raw country rock spirituality. Here’s the pick of the week’s culture, taken from the Guardian’s best-rated reviews Continue reading...
In this article YS6-FF RDDT META Follow your favorite stocks CREATE FREE ACCOUNT This photograph shows a set up smart-phone screen displaying the logo of main social media platforms including Instagram, Facebook, LinkedIn, Reddit, Telegram, X, Bluesky, Tiktok and Whatsapp. Martin Lelievre | Afp | Getty Images Government action to ban social media platforms risks strengthening Big Tech's grip on th...
In this article YS6-FF RDDT META Follow your favorite stocks CREATE FREE ACCOUNT This photograph shows a set up smart-phone screen displaying the logo of main social media platforms including Instagram, Facebook, LinkedIn, Reddit, Telegram, X, Bluesky, Tiktok and Whatsapp. Martin Lelievre | Afp | Getty Images Government action to ban social media platforms risks strengthening Big Tech's grip on the industry further, limiting access for smaller players, an exec at BlueSky has warned. Rose Wang, Bluesky's chief operating officer, told CNBC on the sidelines of SXSW in London on Wednesday that the smaller open-source platform isn't opposed to regulation but that smaller players in the industry should be protected. "I support the protection and the safety of youth, the question that we have then is at what cost, because essentially what I'm scared of is in the long term, we're headed to a world where there's about three to five platforms, and extreme heavy regulation of those platforms, and basically the whole compliance teams of these platforms are 10 times the size of our entire team," Wang said. "So, basically, we're living in a world where it's almost impossible for smaller entrants to come in and build healthier spaces," she added. The open-source platform was created within X, formerly known as Twitter, in 2019 and endorsed by Twitter co-founder Jack Dorsey. Bluesky spun off in 2021 and soon after gained prominence as a rival to the Elon Musk -owned platform. It's since grown to 43 million users as of March, which is still only around 10% of X's estimated 450 million users . Bluesky has struggled to maintain popularity, and by the end of October last year, it had reportedly seen a 40% drop in daily mobile active users over the past 12 months. Wang said the company has around 40 employees. Bluesky was launched as a Twitter rival — but it's far less popular. Now it's eyeing Reddit for inspiration "These platforms have led to a place where the bottom line is the thing...
This endlessly adaptable salad is the perfect addition to your summer picnic basket When I was growing up, picnicking was a favourite Sodha family pastime, but we did it in a very Indian way. The focus was never on the place: we never had to eat in a bucolic location to have a good time. Our understanding was that homemade food was the best and therefore should be eaten always and anywhere. The fo...
This endlessly adaptable salad is the perfect addition to your summer picnic basket When I was growing up, picnicking was a favourite Sodha family pastime, but we did it in a very Indian way. The focus was never on the place: we never had to eat in a bucolic location to have a good time. Our understanding was that homemade food was the best and therefore should be eaten always and anywhere. The food came first; a view was a bonus. As such, even now, decades after leaving the family home, I am always thinking of a good meal for us to eat outdoors. This nutty, chewy freekeh with fennel, dill and tofu has shot up to the top of my favourites: robust, easy to assemble and, above all, delicious whether you eat it on the bank of a lake or in a service station car park. Continue reading...
The principle underlying the release of the Mandelson papers is that officials are always ‘on the record’ – but our leaders must be able to speak their minds freely Did you know a Cabinet Office minister commiserated with Peter Mandelson on his being sacked as ambassador to Washington, saying that he was “so sorry” ? How could Darren Jones possibly sympathise with a friend who lost his job? Yet hi...
The principle underlying the release of the Mandelson papers is that officials are always ‘on the record’ – but our leaders must be able to speak their minds freely Did you know a Cabinet Office minister commiserated with Peter Mandelson on his being sacked as ambassador to Washington, saying that he was “so sorry” ? How could Darren Jones possibly sympathise with a friend who lost his job? Yet his sympathy was not even on the public record, in the 1500 pages of new revelations about the Mandelson affair. It appears to have been leaked from within Jones’s own department. So too was news of Keir Starmer’s own communications on WhatsApp. We learned that they are subject to an auto-delete function , erasing what he thinks or intends to do from hour to hour. It is an outrage against public accountability, so the thinking goes. When our leaders press send, we have the right to receive. Continue reading...
mavo/iStock via Getty Images By Seema Shah, Chief Global Strategist; Christian Floro, CFA, Market Strategist; and Magdalena Ocampo, Market Strategist The May employment report showed a significantly larger than expected 172,000 gain in payrolls, adding to the series of strong labor market data of late. This was further bolstered by a significant positive upward revision to the last two months’ gai...
mavo/iStock via Getty Images By Seema Shah, Chief Global Strategist; Christian Floro, CFA, Market Strategist; and Magdalena Ocampo, Market Strategist The May employment report showed a significantly larger than expected 172,000 gain in payrolls, adding to the series of strong labor market data of late. This was further bolstered by a significant positive upward revision to the last two months’ gains, with hiring over the past three months showing to be very robust. Overall, despite the overhang from higher energy prices, the labor market appears to be firming and will surely catch the Fed's attention. Report details Total non-farm payrolls increased by 172,000 in May, significantly exceeding expectations for an 88,000 gain. March and April’s already strong figures were also revised higher, adding 93,000 over the two months. The three-month moving average is now 188,000, strongly outpacing the Fed’s payroll breakeven estimate (the number of jobs needed to keep employment conditions steady), reflecting momentum in the labor market despite the uncertain macro outlook. Compared to a year ago, when conditions were softening and job gains were narrow, job growth in May was broad-based, with 8 of 11 major sectors posting gains. Healthcare continues to show steady momentum, while local government hiring has picked up. Notably, cyclical industries strengthened: gains in mining & logging, construction, and manufacturing point to an improvement in economic activity. Meanwhile, strong gains in leisure & hospitality suggest resilient consumer demand. Overall, the downstream impact from the energy shock has remained muted so far. By contrast, the financial services sector posted meaningful job losses, with most of the weakness concentrated in insurance. The information sector, which has shed jobs for seven consecutive months, continued to decline in May. According to the Challenger, Gray & Christmas survey, companies are increasingly citing AI as a driver of job cuts, suggesting ...
Jae Young Ju/iStock via Getty Images By Tae Yoon Kim, CFA, FRM, Manager, Global Investment Research, FTSE Russell | Belle Chang, MBA, Senior Manager, Global Investment Research, FTSE Russell In Korean Equities: Macro Recovery, Reform and AI [1], we discussed how Korea’s recovery in 2025 was supported by an improving macro backdrop, resilient export growth and government-led corporate reforms. Kore...
Jae Young Ju/iStock via Getty Images By Tae Yoon Kim, CFA, FRM, Manager, Global Investment Research, FTSE Russell | Belle Chang, MBA, Senior Manager, Global Investment Research, FTSE Russell In Korean Equities: Macro Recovery, Reform and AI [1], we discussed how Korea’s recovery in 2025 was supported by an improving macro backdrop, resilient export growth and government-led corporate reforms. Korean equities have delivered their strongest returns since the late 1990s, exports exceeded USD 700 billion for the first time, and the country sits at the heart of the global AI infrastructure buildout. Here in part 2, we examine some of the main industries driving that outperformance and their respective weights within the FTSE Korea Index. Exhibit 1: Total return since the Middle East conflict outbreak (USD, Rebased to 100) Source: FTSE Russell/LSEG. Data as of May 2026. Past performance is no guarantee of future results. Please see the end for important legal disclosures. The onset of the Middle East conflict in March triggered a sharp drawdown due to Korea’s dependence on energy imports from the region and the high foreign participation in its equity market. The sell-off proved short-lived, however, as geopolitical fears eased and investors refocused on underlying fundamentals. Korea’s hardware-heavy market composition drove a rapid recovery, and the index has extended its gains into 2026, with 113.6% (TR, USD) year-to-date. Exhibit 2: FTSE Korea Industry weights relative to the FTSE All-World Source: FTSE Russell/LSEG. Data as of May 2026. Past performance is no guarantee of future results. Please see the end for important legal disclosures. While FTSE has classified Korea as a developed market since 2009 [2], its industry breakdown differs significantly from peers. Relative to the FTSE All-World Index, FTSE Korea is heavily overweight Telecommunications and broadly on par with Technology (although this is skewed by Samsung Electronics being classified as a Telecom comp...
A number of stocks fell in the afternoon session after the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year.
A number of stocks fell in the afternoon session after the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year.