SAIC Motor Corp. ’s MG unit has selected Spain for its first European car factory, a move that will help the Chinese automaker soften the blow of European Union tariffs. The project in the northwest of the country is expected to involve an initial investment of about €200 million ($232 million), excluding port fees, and could reach an annual output of 120,000 vehicles, according to the local gover...
SAIC Motor Corp. ’s MG unit has selected Spain for its first European car factory, a move that will help the Chinese automaker soften the blow of European Union tariffs. The project in the northwest of the country is expected to involve an initial investment of about €200 million ($232 million), excluding port fees, and could reach an annual output of 120,000 vehicles, according to the local government. It’s expected to be up and running in 2028. Establishing manufacturing in the EU would allow SAIC to reduce the impact of tariffs as Brussels intensifies scrutiny of Chinese electric-vehicle subsidies and competition in the market. For Chinese automakers, building locally is increasingly seen as essential to sustaining growth in Europe and reassuring governments that investment will bring jobs, suppliers and industrial capacity. MG, a former British brand that’s been owned by SAIC for almost two decades, is the top-selling Chinese nameplate in Europe. The Chinese company’s plan covers a vehicle plant at Ferrol’s outer port and an industrial and logistics hub nearby, with the potential to create more than 2,000 jobs. The announcement confirms a Bloomberg News report from April that SAIC was close to selecting Spain for the factory. The Spain project has been classed as strategically important, meaning it will qualify for faster permitting, according to the Xunta de Galicia, the regional administration. But the plan still requires port concessions and foreign-investment approval from Spain’s central government. Spain has been positioning itself as a hub for EV investment, offering incentives and drawing on an established automotive ecosystem. Galicia said SAIC chose the region because of its manufacturing base, port access and ability to support a rapid rollout, with the company expected to source a significant share of components locally. Chery Automobile Co. has restarted production at Barcelona’s former Nissan Motor Co. site, while Stellantis NV is deepening its Spa...
Key PointsBWX Technologies currently holds a clear advantage over Oklo, as it has maintained consistent, measurable revenue growth across recent reporting periods.
Key PointsBWX Technologies currently holds a clear advantage over Oklo, as it has maintained consistent, measurable revenue growth across recent reporting periods.
Apollo Global Management Inc．首席经济学家Torsten Slok表示，人工智能基础设施建设在初期将推 高通 胀，这将使新任美联储主席凯文·沃什无法以他此前所暗示的可能的速度那样迅速降息。 Slok周一表示：“我们可能还得再等一段时间，因为在初期，AI热潮肯定会推升通胀。”他说，从半导体价格、能源价格和劳动力成本来看，价格压力风险“非常明确”。 Slok的判断触及AI热...
Apollo Global Management Inc．首席经济学家Torsten Slok表示，人工智能基础设施建设在初期将推 高通 胀，这将使新任美联储主席凯文·沃什无法以他此前所暗示的可能的速度那样迅速降息。 Slok周一表示：“我们可能还得再等一段时间，因为在初期，AI热潮肯定会推升通胀。”他说，从半导体价格、能源价格和劳动力成本来看，价格压力风险“非常明确”。 Slok的判断触及AI热潮背后的一个深层矛盾：尽管支持者大力宣扬这项技术将带来经济收益，但其影响范围极广，从劳动力市场到货币政策都受到波及。Slok表示，对失业的担忧被夸大了，但为支持AI基础设施而投入的资本规模非常庞大。美国大型科技公司表示，今年计划资本支出高达7250亿美元，主要用于人工智能数据中心设备。 沃什此前曾表示，AI带来的预期生产率提升应为更宽松的货币政策打开空间。他的前任鲍威尔则因未按美国总统特朗普要求那样快速或大幅降息，遭到特朗普猛烈批评。 但Slok称，在初始阶段，“我们实际上应该预期，AI数据中心建设将推升通胀，而不是抑制通胀”。 通胀率仍顽固高于美联储2%的目标。个人消费支出价格指数在4月升至3.8%，为2023年以来最高水平。沃什上任后的首次联邦公开市场委员会政策会议将于6月16日至17日进行。 交易员目前认为，随着支持AI增长的建设推高芯片到电力等各项成本，FOMC今年加息的概率约为80%。Slok说，关税的滞后影响以及更高的能源价格也在推升相关压力。 在美国和以色列于2月28日对伊朗发动袭击之前，市场曾押注美联储到今年年底前将降息两次以上。 责任编辑：李桐
French Commandos Board & Seize 4th Russian 'Shadow Fleet' Vessel Since September France announced Monday another weekend interdiction of a Russian "shadow fleet" vessel in international waters near its coast. The French Navy boarded and detained a sanctioned oil tanker, President Emmanuel Macron announced Monday, in an operation which had the assistance from the UK Royal Navy and other allies. Thi...
French Commandos Board & Seize 4th Russian 'Shadow Fleet' Vessel Since September France announced Monday another weekend interdiction of a Russian "shadow fleet" vessel in international waters near its coast. The French Navy boarded and detained a sanctioned oil tanker, President Emmanuel Macron announced Monday, in an operation which had the assistance from the UK Royal Navy and other allies. This marks the fourth time since September that French commandoes have intercepted a boarded a sanctioned Russian vessel in regional waters. via AFP/French military The vessel, identified as the Tagor, originated from Murmansk, Russia, and was taken by French authorities while it traversed around 400 nautical miles (740 km) west of the tip of Brittany. "It is unacceptable for ships to circumvent international sanctions, violate the law of the sea and fund the war that Russia has been waging against Ukraine for more than 4 years ," Macron wrote in a post on X. The apparent legal justification France's navy has relied on for such actions is the practice of "flag-hopping" - which involves a crew repeatedly changing displayed flags, along with often invalid registrations to thwart international tracking monitors. At the time of boarding, via soldiers rappelling from helicopter, the ship was falsely flying a Cameroonian flag while reportedly en route to the coastal African city of Limbe, Cameroon. Macron confirmed further on X: "This operation took place in the Atlantic Ocean, on the high seas, with the support of several partners, including the United Kingdom, in strict compliance with the law of the sea." The Kremlin again condemned such 'unlawful' seizures in international waters, with spokesman Dmitry Peskov saying, "We consider these acts as illegal, they border on international piracy … Russia is taking measures to ensure the safety of its cargo." The vessel's captain is a Russian citizen, according to an embassy disclosure from Paris. According to more : Guillaume Le Rasle, ...
SPDR SSGA My2027 Municipal Bond ETF ( MYMG ) - $0.0551 . 30-Day SEC Yield of 2.86% as of May 28. Payable Jun 04; for shareholders of record Jun 01; ex-div Jun 01. More on State Street My2027 Municipal Bond ETF Dividend scorecard for State Street My2027 Municipal Bond ETF
SPDR SSGA My2027 Municipal Bond ETF ( MYMG ) - $0.0551 . 30-Day SEC Yield of 2.86% as of May 28. Payable Jun 04; for shareholders of record Jun 01; ex-div Jun 01. More on State Street My2027 Municipal Bond ETF Dividend scorecard for State Street My2027 Municipal Bond ETF
Michaela Hall’s family bring claim against Devon and Cornwall police and Probation Service The family of Michaela Hall, who was murdered by her partner five years ago, has launched a legal challenge over failings by the police and probation service that could have prevented her death. Lee Kendall, a serial violent offender, is serving a 21-year minimum sentence for stabbing Hall through the eye at...
Michaela Hall’s family bring claim against Devon and Cornwall police and Probation Service The family of Michaela Hall, who was murdered by her partner five years ago, has launched a legal challenge over failings by the police and probation service that could have prevented her death. Lee Kendall, a serial violent offender, is serving a 21-year minimum sentence for stabbing Hall through the eye at her home in Truro, Cornwall on 1 June 2021. An inquest and a police watchdog investigation into the handling of the murder revealed a string of errors by public agencies that contributed to her death. Continue reading...
Tingting Ji/iStock via Getty Images XPeng Inc. ( XPEV ) missed EPS estimates for its first fiscal quarter amid a significant drop-off in delivery volumes in Q1'26. Because of this, XPeng booked a double-digit year-over-year revenue decline and swung back to a loss, despite achieving GAAP profitability for the first time just in the previous quarter. XPeng also saw downward pressure on its vehicle ...
Tingting Ji/iStock via Getty Images XPeng Inc. ( XPEV ) missed EPS estimates for its first fiscal quarter amid a significant drop-off in delivery volumes in Q1'26. Because of this, XPeng booked a double-digit year-over-year revenue decline and swung back to a loss, despite achieving GAAP profitability for the first time just in the previous quarter. XPeng also saw downward pressure on its vehicle margins in Q1'26, which were published at 12.1%. The delivery outlook for Q2, aided by the new release of the competitively-priced GX SUV, however, indicates that XPeng could soon return to a situation of margin growth and higher revenues. For those reasons, I maintain my bullish rating on XPeng for the time being, but would be willing to downgrade XPeng if the current margin trend got worse as the year progressed. Data by YCharts Previous Rating I rated shares of XPeng a ‘Buy’ previously because the EV enterprise posted double-digit vehicle margins and turned profitable on a GAAP net income basis in Q4'25, which reduced investment risks at the time. I maintain a 'Buy' rating on shares of XPeng for now, despite pressure on delivery volumes and margins, amid a more challenging operating environment in the Chinese EV start-up market, due to a new product launch that has seen positive reservation momentum. GX Launch Set To Be A Catalyst For Margin Growth The electric vehicle company missed bottom-line expectations last week amid a significant year-over-year contraction in delivery volumes and pressure on its profitability profile: XPeng reported non-GAAP earnings of $(0.26) per share, which fell short of the average consensus EPS figure by $0.10 per share. The revenue line came in at $1.92B, beating the average prediction by $29M. Seeking Alpha XPeng suffered a significant reduction in electric vehicle volumes in the first-quarter amid a broad sector slowdown, in part related to Chinese Lunar New Year holidays that shut down factories, as well as a transition period before the...
Anthropic PBC has confidentially filed draft paperwork to go public as it races rival OpenAI to make a Wall Street debut as soon as this fall. The number of shares to be offered and the price have not been set yet. Ed Ludlow reports. (Source: Bloomberg)
Anthropic PBC has confidentially filed draft paperwork to go public as it races rival OpenAI to make a Wall Street debut as soon as this fall. The number of shares to be offered and the price have not been set yet. Ed Ludlow reports. (Source: Bloomberg)