Tribalism has not faded over the past decade. Instead, new research reveals our politics has become ever-more polarised and fractious On 23 June 2016 , the British voter changed. Before that day, they picked a party, usually red or blue. By that morning, only two tribes mattered: remain or leave. And they kept mattering long, long after the result was declared. Rather than bin those short-lived an...
Tribalism has not faded over the past decade. Instead, new research reveals our politics has become ever-more polarised and fractious On 23 June 2016 , the British voter changed. Before that day, they picked a party, usually red or blue. By that morning, only two tribes mattered: remain or leave. And they kept mattering long, long after the result was declared. Rather than bin those short-lived and now stale allegiances, voters made them their personas. No longer a “Labour man” or a “Conservative family”, they became instead “remoaners” or “Brexiters”. Even today, 60% of Britons still identify themselves by where they scrawled a single cross in a one-off poll 10 years ago. Ask about the difference Brexit has made and the answer normally concerns policy or high politics: how our economic trajectory has become bumpier, or how the Tories keep getting into punch-ups with each other. But it became so much bigger than Boris v Dave. The civil war blazed through the country, and recruited nearly all of us to one side or the other. The effects still ripple through our elections and media today. Aditya Chakrabortty is a Guardian columnist Continue reading...
ZÜRICH, Schweiz, 9. April 2026: Die gategroup Holding AG („gategroup“) hat heute ihren Geschäftsbericht für das zum 31. Dezember 2025 abgeschlossene Geschäftsjahr vorgelegt. In diesem Zeitraum erwirtschaftete das Unternehmen einen Umsatz von 5,61 Mrd. EUR (2024: 5,47 Mrd. EUR). Das EBITDA belief sich auf 467 Mio. EUR (Vorjahr: 410 Mio. EUR), was einer EBITDA-Marge von 8,3 Prozent entspricht (2024:...
ZÜRICH, Schweiz, 9. April 2026: Die gategroup Holding AG („gategroup“) hat heute ihren Geschäftsbericht für das zum 31. Dezember 2025 abgeschlossene Geschäftsjahr vorgelegt. In diesem Zeitraum erwirtschaftete das Unternehmen einen Umsatz von 5,61 Mrd. EUR (2024: 5,47 Mrd. EUR). Das EBITDA belief sich auf 467 Mio. EUR (Vorjahr: 410 Mio. EUR), was einer EBITDA-Marge von 8,3 Prozent entspricht (2024: 7,5 Prozent). Die Nettoverschuldung im Verhältnis zum EBITDA lag bei 3,25x (2024: 3,74x), während die Brutto-Investitionsausgaben (CapEx) im Berichtszeitraum 88 Mio. EUR betrugen (2024: 72 Mio. EUR)¹.
Getty Images By Kevin Flanagan The Middle East war has proven to be a conundrum for the U.S. Treasury (UST) market. Typically, in times of geopolitical uncertainty, Treasuries are viewed as a safe-haven asset to turn to. However, the surge in energy prices has resulted in heightened inflation fears, and as a result, UST fixed coupon yields across the maturity spectrum have risen noticeably. Figure...
Getty Images By Kevin Flanagan The Middle East war has proven to be a conundrum for the U.S. Treasury (UST) market. Typically, in times of geopolitical uncertainty, Treasuries are viewed as a safe-haven asset to turn to. However, the surge in energy prices has resulted in heightened inflation fears, and as a result, UST fixed coupon yields across the maturity spectrum have risen noticeably. Figure 1: U.S. Treasury Yields Source: Bloomberg, as of 4/3/2026. Prior to the Middle East war, UST yields, such as the 2- and 10-year notes, had been falling as concerns surrounding AI’s potential impact on software companies and attendant private credit exposures had produced a flight-to-quality bid. In fact, 2-year yields dropped to 3.37%, the lowest reading since 2022, while 10-year yields fell below the 4% threshold to 3.94%. While the surge in energy prices has stoked inflation fears, other factors contributing to the sell-off include the reversal of prior ‘long’ positions and yield curve positioning trades, as well as potential liquidation by Persian Gulf nations to raise cash to pay for infrastructure repairs that have been damaged by Iranian missiles and drones. As a result, 2- and 10-year yield levels had, at one point, risen as much as 60 bps and 50 bps, respectively. While renewed concerns have surfaced about higher energy prices becoming a ‘tax’ on the economy, rates are still considerably above their pre-war levels (see above graph). Figure 2: UST 10-Year TIP Yield Source: Bloomberg, as of 4/3/2026 The interesting aspect to the UST market sell-off has come from the inflation-adjusted sector, or TIPS. Once again, investors discovered that TIPS are not immune from increasing yields, even if the catalyst was arguably increasing inflation fears. Remember, TIPS are referenced to actual trailing CPI figures; they are not reset to a specific interest rate, like secured overnight financing rate (SOFR) or the three-month T-bill, to which Treasury Floating Rate Notes (FRNs) a...
Oat_Phawat/iStock via Getty Images Barrick Mining Corp ( B ) said it aims to cut exposure to higher-risk regions and is open to major acquisitions as it moves toward spinning off its key North American operations. In a statement late Wednesday, Chairman John Thornton said the company’s strategy will center on concentrating capital on tier-one assets and overhauling its structure, anchored by a pre...
Oat_Phawat/iStock via Getty Images Barrick Mining Corp ( B ) said it aims to cut exposure to higher-risk regions and is open to major acquisitions as it moves toward spinning off its key North American operations. In a statement late Wednesday, Chairman John Thornton said the company’s strategy will center on concentrating capital on tier-one assets and overhauling its structure, anchored by a previously announced initial public offering of its North American assets. "We will maintain unwavering discipline in capital allocation, with an uncompromising eye on growing free cash flow per share," Thornton said. "We continue to optimize the portfolio and pursue structural initiatives that unlock greater value for our fellow owners." More on Barrick Mining Corporation Barrick: You Haven't Seen Anything Yet Barrick Mining: Structural Tailwinds Make It A Golden Opportunity Barrick: Time To Load Up On This Massive Dip Riley Gold raises C$1.67M from warrant exercises Crawford & Co appoints Swain as CEO, board veteran Crawford Sr to step down
格隆汇4月9日｜今日，Tokenthon（词元松）宣布生态重要建设者——ME Group正式以创始会员身份加入组织。在Token被誉为“数字石油”的当下，双方将强强联手，深度链接全球资源，致力于共同完善词元松生态建设，携手构建Token技术创新与趋于普惠的生态文化。 ME Group是全球领先的金融资讯与AI科技平台，致力于为全球用户提供精准的资讯内容、专业的市场服务以及AI驱动的智能化解决方案。...
格隆汇4月9日｜今日，Tokenthon（词元松）宣布生态重要建设者——ME Group正式以创始会员身份加入组织。在Token被誉为“数字石油”的当下，双方将强强联手，深度链接全球资源，致力于共同完善词元松生态建设，携手构建Token技术创新与趋于普惠的生态文化。 ME Group是全球领先的金融资讯与AI科技平台，致力于为全球用户提供精准的资讯内容、专业的市场服务以及AI驱动的智能化解决方案。ME Group将结合专业的媒体策略、优质的内容创作和高端会务服务与词元松深度联动，持续跟踪及报道词元松全球行的足迹，扩大词元松全球影响力，从粤港澳大湾区核心城市出发，挺进硅谷、新加坡、伦敦等全球科创中心。通过结合词元松强大的全球资源链接能力，双方将为生态成员提供开放性交流平台，并向全球读者提供实时、精准的动态报道，为全球Token行业发展贡献力量。 携手ME Group，词元松的生态成员们将共同定义AI时代的协作标准，扩大组织影响力，在不同城市点燃AI创新的火种，构建无国界的词元经济共同体。
TPG Inc. has chosen Malayan Banking Bhd. and UBS Group AG to help evaluate options for Asia OneHealthcare Sdn. , including a sale or initial public offering, according to people familiar with the matter. More advisers are likely to be added if TPG opts for an IPO, the people said, asking not to be identified because the deliberations are private. Bloomberg News reported in March that TPG was consi...
TPG Inc. has chosen Malayan Banking Bhd. and UBS Group AG to help evaluate options for Asia OneHealthcare Sdn. , including a sale or initial public offering, according to people familiar with the matter. More advisers are likely to be added if TPG opts for an IPO, the people said, asking not to be identified because the deliberations are private. Bloomberg News reported in March that TPG was considering options for Asia OneHealthcare and seeking a valuation of as much as 30 billion ringgit ($7.5 billion) for the company. Considerations are still at an early stage and TPG may decide to keep the Kuala Lumpur-based medical services provider, the people said. TPG, Maybank and UBS declined to comment. TPG and conglomerate Hong Leong Group bought hospitals owned by Asia OneHealthcare, then known as Columbia Asia Healthcare, for about $1.2 billion in 2019. Its name was changed to Asia OneHealthcare in September 2024 following a consolidation of assets and the acquisition of a joint venture between Sime Darby Bhd. and Australian private hospital operator Ramsay Health Care Ltd. Other shareholders in Asia OneHealthcare include Abu Dhabi Investment Authority and Malaysia’s Employees Provident Fund.
TerryHealy/iStock via Getty Images By Mariana Villalba, CFA The ongoing conflict in Iran and its expansion across the region to target GCC countries unfolded following a period of debt-issuance growth in the region, especially from the financials sector. As the conflict continues, we believe a deeper dive into GCC financials is warranted. Below, we take a closer look at GCC banks, which represent ...
TerryHealy/iStock via Getty Images By Mariana Villalba, CFA The ongoing conflict in Iran and its expansion across the region to target GCC countries unfolded following a period of debt-issuance growth in the region, especially from the financials sector. As the conflict continues, we believe a deeper dive into GCC financials is warranted. Below, we take a closer look at GCC banks, which represent about one-tenth of the J.P. Morgan CEMBI Broad Diversified’s [1] market capitalization. GCC Diversification From Oil to Credit Over the past few years, Gulf GCC countries have been actively pursuing economic diversification away from the hydrocarbon sector and pursuing social transformation by attracting foreign human and financial capital into the region. This is evidenced by the performance of non-hydrocarbon economic growth, which has outperformed real gross domestic product (GDP) growth in recent years, as the chart below shows. Real GDP Growth of the Non-Oil Economy in GCC States (Year-Over-Year Change) Source: IMF Database: Middle East and Central Asia Regional Economic Outlook. Increased public debt issuance has accompanied economic diversification. The first chart below shows the Middle East’s share of emerging markets (EM) corporate primary debt issuance since 2017. The second chart shows that as of December 2025, the Middle East made up nearly one-fifth of the J.P. Morgan CEMBI Broad Diversified’s market capitalization, of which GCC countries represented more than 80%. The financials sector accounted for about half of the region’s exposure. EM Corporate Debt Issuance Source: J.P. Morgan, as of December 2025. Universe is the J.P. Morgan CEMBI Broad Diversified. *Excludes 100% government-owned entities. Regional Breakdown of the Index (Percentage of Market Capitalization) Source: J.P. Morgan, as of December 31, 2025. Universe is the J.P. Morgan CEMBI Broad Diversified. Increased debt issuance from the financials sector has driven the region’s issuance growth. As a r...