(RTTNews) - Paratus Energy Services (PLSV.OL) reported, under US GAAP, first quarter net income from continuing operations of $19.4 million compared to a loss of $13.3 million, prior year. Profit per share from continuing operations was $0.12 compared to a loss of $0.08. Operating income increased to $33.0 million from $19.0 million. On management reporting basis, net income from continuing operat...
(RTTNews) - Paratus Energy Services (PLSV.OL) reported, under US GAAP, first quarter net income from continuing operations of $19.4 million compared to a loss of $13.3 million, prior year. Profit per share from continuing operations was $0.12 compared to a loss of $0.08. Operating income increased to $33.0 million from $19.0 million. On management reporting basis, net income from continuing operations increased to $19.4 million from $16.0 million. Adjusted EBITDA was $45.6 million compared to $49.6 million. On management reporting basis, contract revenues were $74.9 million compared to $73.5 million. Paratus said its Board of Directors has authorized a quarterly cash distribution of $0.22 per share for first quarter. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Nearly a year after launching its robotaxi service in Texas, Tesla has just 42 vehicles on the road, compared with Waymo's fleet of 577. The figures come from newly available records on the Texas Department of Motor Vehicles website, which were disclosed as part of a new state authorization process for autonomous-vehicle companies that took effect on Thursday. The records show Tesla has a smaller ...
Nearly a year after launching its robotaxi service in Texas, Tesla has just 42 vehicles on the road, compared with Waymo's fleet of 577. The figures come from newly available records on the Texas Department of Motor Vehicles website, which were disclosed as part of a new state authorization process for autonomous-vehicle companies that took effect on Thursday. The records show Tesla has a smaller Texas fleet than other autonomous-vehicle operators, including Avride, which has 317 vehicles, and Nuro, which has 47. Tesla launched a pilot of its robotaxi service in the state last June, initially offering rides to a limited group of invited users in Austin. Though the vehicles are intended to be fully self-driving, the company kept employees in the front passenger seat as an added safety measure. In January, Ashok Elluswamy, Tesla's vice president of AI software, said that some of its robotaxis in Austin have begun operating without a human chaperone. "Starting with a few unsupervised vehicles mixed in with the broader robotaxi fleet with safety monitors, and the ratio will increase over time," he wrote on X. Beyond Austin, Tesla says on its website that its robotaxi service is available in parts of Dallas and Houston. In contrast, Waymo, Alphabet's self-driving unit, launched its own driverless service in Austin through a partnership with Uber in March 2025. Waymo's Texas service also extends to Dallas, Houston, and San Antonio, though it temporarily suspended rides in those cities in the past month amid concerns about how its vehicles respond to flooded roads.
This is access-all-areas viewing, with this four-parter talking at length to Nadal, his wife, his coaches and opponents. But that doesn’t necessarily make it insightful… There’s a lovely sequence in the second episode of this four-part documentary about the career of Spain’s greatest ever tennis player. It’s 2007 and Roger Federer and Rafa Nadal are walking on to Wimbledon’s Centre Court to play t...
This is access-all-areas viewing, with this four-parter talking at length to Nadal, his wife, his coaches and opponents. But that doesn’t necessarily make it insightful… There’s a lovely sequence in the second episode of this four-part documentary about the career of Spain’s greatest ever tennis player. It’s 2007 and Roger Federer and Rafa Nadal are walking on to Wimbledon’s Centre Court to play the first of the many finals they would contest. Federer is poised and slightly smug; hair flopping perfectly over his headband, dressed in an immaculate white blazer. Nadal trails behind him, wearing a vest and baggy shorts, shaggy hair flowing and eyes wild, looking for all the world like a beautiful young caveman. It captures his initial appeal perfectly: in his early years, Nadal was elemental, athletic beyond description and impossibly charismatic: equal parts tennis player, action hero and acrobat. It feels like our sporting legends are increasingly reluctant to leave the stage. Lionel Messi (38) and Cristiano Ronaldo (41) will both be at this summer’s football World Cup. One of England’s greatest ever cricketers, James Anderson, turns 44 this year and is still plying his trade in the County Championship. Becoming unsurpassably brilliant at something requires laser focus, but unlike music or acting or writing, there’s a definitive best before date. And once that date has passed, a big, scary void looms. If the miracles of modern medicine allow you to continue, it’s clearly incredibly hard to walk away. Rafa is on Netflix Continue reading...
Pixelbizz/iStock Editorial via Getty Images Nikon ( NINOF ) ( NINOY ) plans to compete with ASML ( ASML ) by pricing its semiconductor photolithography equipment lower than its rival, Nikon’s new CEO Yasuhiro Ohmura told Nikkei. The lithography equipment maker produces many of its parts in-house, allowing it to price its products lower while still achieving profit, according to Ohmura, who was pre...
Pixelbizz/iStock Editorial via Getty Images Nikon ( NINOF ) ( NINOY ) plans to compete with ASML ( ASML ) by pricing its semiconductor photolithography equipment lower than its rival, Nikon’s new CEO Yasuhiro Ohmura told Nikkei. The lithography equipment maker produces many of its parts in-house, allowing it to price its products lower while still achieving profit, according to Ohmura, who was previously head of Nikon’s chipmaking unit. Nikon and ASML are the only companies that produce ArF lithography equipment. Intel ( INTC ) has previously made up 80% of Nikon’s ArF lithography orders. "We lacked a sufficient track record [aside from Intel] and our support capabilities hadn't earned trust," Ohmura said. Nikon has set its semiconductor equipment business as a key growth driver in its medium-term plan announced in May. The company is talking to multiple U.S. and Asian chipmakers and is "nearing purchase orders" for its argon fluoride lithography equipment, Ohmura told Nikkei. More on ASML Holding, Nikon Corporation ASML: Why Europe's AI Giant Is Not The Best Chip Buy ASML: The Question Is Whether Its Monopoly Can Outrun Its Premium Valuation ASML: Potential Bull Trap As AI Super Cycle Continues - Reiterate Hold Goldman Sachs sees funds fleeing software for semiconductors as tech trade evolves Notable analyst calls this week: Lam Research, Zscaler and Alcoa among top picks
Magnus Carlsen, the 35-year-old world No 1, has won the annual Norway Chess elite tournament, for six of the past seven years. However, he was shocked in Monday’s opening round by Alireza Firouzja, who had finished last at Bucharest the previous week in the Grand Chess Tour event won by Germany’s Vincent Keymer. The Frenchman, 22, defeated Carlsen for the first time in classical chess despite play...
Magnus Carlsen, the 35-year-old world No 1, has won the annual Norway Chess elite tournament, for six of the past seven years. However, he was shocked in Monday’s opening round by Alireza Firouzja, who had finished last at Bucharest the previous week in the Grand Chess Tour event won by Germany’s Vincent Keymer. The Frenchman, 22, defeated Carlsen for the first time in classical chess despite playing with a sprained ankle, caused by falling off a stage at Bucharest. It was the most high-profile success by a physically injured grandmaster since Tilburg 1985, where England’s Tony Miles shared first prize playing prone from a massage table after injuring his back. Carlsen has a deserved reputation for a pragmatic approach to his clock time, but in this game he slipped into time pressure in the critical moves leading up to the move 40 time control. 31... Qb7 was better than Carlsen’s 31...Qd7, and 32... Qb5 was better than Carlsen’s 32...Re8, but the decisive error came at move 33. Instead of the fatal blunder 33...Kg8?, after which Firouzja’s central pawns advanced decisively up the board, 33...Nxe3! would have held: 34 Qg6+ Kh8 and if 35 Ra7 Nd1!! 36 Bd2 (not 36 Rxd7?? Rxe1 mate) 36...Qxa7 37 Qxe8+ Kh7 and although Black is a pawn down, his queen and knight combine better than White’s queen and bishop (queen and knight against two rooks and a bishop is even better for the Q+N pairing). After 13 years in Stavanger, Norway Chess has moved to the Deichman Bjørvika library in central Oslo. The significance for Carlsen’s bad day at the office on Monday is that he has often declared that he prefers not to play in the capital to avoid hometown pressures, while one of his worst career results occurred in 2019 when he lost the final of the Fischer Random world championship (since rebranded as Freestyle) to Wesley So by the disastrous margin of 13.5-2.5 in a match played in the Oslo area. View image in fullscreen 4026 Gudmundur Sigurjonsson v Jan Timman, Wijk aan Zee 1980. Blac...
This article is part of the Guardian’s 2026 World Cup Experts’ Network, a cooperation between some of the best media organisations from the 48 countries who qualified. theguardian.com is running previews from three countries each day in the run-up to the tournament kicking off on 11 June. The plan The 2022 hosts’ preparations for the tournament were disrupted as the US-Iran war caused the cancella...
This article is part of the Guardian’s 2026 World Cup Experts’ Network, a cooperation between some of the best media organisations from the 48 countries who qualified. theguardian.com is running previews from three countries each day in the run-up to the tournament kicking off on 11 June. The plan The 2022 hosts’ preparations for the tournament were disrupted as the US-Iran war caused the cancellation of valuable friendlies against Serbia and champions Argentina in March. The coach, Julen Lopetegui, had wanted as many minutes as possible with his players, having only been appointed in May 2025. Worryingly, they had won only one out of 11 games under the former Spain and Real Madrid manager before the World Cup warm-up games. Lopetegui did what he had to do though, making sure Qatar reached the World Cup finals, but it was a close call. The Maroons finished fourth out of six teams in the main qualifying group before – aided by home advantage and a favourable schedule – drawing 0-0 with Oman and beating UAE 2-1 to ensure qualification. Quick Guide Qatar: Group B fixtures Show 13 June v Switzerland, San Francisco (noon local, 8pm BST) 18 June v Canada, Vancouver (3pm local, 11pm BST) 24 June v Bosnia and Herzegovina, Seattle (noon local, 8pm BST) Was this helpful? Thank you for your feedback. The Spanish coach, the latest of several Iberian appointments (Félix Sánchez, Bruno Pinheiro, Carlos Queiroz, Tintín Márquez and Luis García) has tried out several different formations but is likely to go with a 4-2-3-1 when the tournament starts. The lessons from the last World Cup have been debated at length. Then, it was over pretty much before it had started as the hosts, perhaps burdened by a buildup that lasted 12 years, went 2-0 down within 31 minutes of their opening game to Ecuador, and it could have been even more. Expect a more solid set-up this time around; a focus on keeping things tight and looking to hit group opponents Canada, Switzerland and Bosnia and Herzegovina...
The comedy legend, who adopted his silent persona because of stage nerves, did occasionally address his audience, as revealed by a new archive release Groucho was the cigar-chomping wit with the improbable moustache, Chico was the piano-playing rustic grifter and Zeppo played the straight man and the lover. But as any Marx Brothers fan knows, Harpo was the pantomime, who cracked up the audience wi...
The comedy legend, who adopted his silent persona because of stage nerves, did occasionally address his audience, as revealed by a new archive release Groucho was the cigar-chomping wit with the improbable moustache, Chico was the piano-playing rustic grifter and Zeppo played the straight man and the lover. But as any Marx Brothers fan knows, Harpo was the pantomime, who cracked up the audience without saying a word, dressed in his tattered raincoat and curly wig. His persona was childlike and mischievous but also musical – he let his harp and his taxi horn do the talking. But now we get to see, or rather hear, a new side to Harpo Marx. A very special recording has been unearthed of Harpo in 1964 speaking to an audience, in character. Arthur “Harpo” Marx was born Adolph Marx in New York in 1888. He started performing with his brothers in 1910, and his nickname probably came about because of his instrument of choice – he was an entirely self-taught musician. By 1915, due to his nerves around speaking on stage, Harpo reinvented himself as a mute clown, and stayed that way, even when he was offered $50,000 to speak a single word (“Murder!”) in the Marx Brothers film A Night in Casablanca (1946). Continue reading...
A look at the most basic numbers might have you believe that the Champions League finalists have had equally demanding campaigns. The final in Budapest on Saturday will be the 63rd game of the season for Arsenal and the 56th for Paris Saint-Germain. However, the French side also played seven matches at last summer’s Club World Cup, which means both teams have played 62 matches since the start of l...
A look at the most basic numbers might have you believe that the Champions League finalists have had equally demanding campaigns. The final in Budapest on Saturday will be the 63rd game of the season for Arsenal and the 56th for Paris Saint-Germain. However, the French side also played seven matches at last summer’s Club World Cup, which means both teams have played 62 matches since the start of last June. Delve a little deeper, though, and there is more to those figures than meets the eye. While Arsenal were able to rest properly last summer, PSG were in the US, reaching the final of a competition played in sweltering heat, which started only 14 days after they had beaten Inter in the Champions League final. They had barely any time off to rest after it, either, because their season started exactly one month after the Club World Cup had ended, with the Super Cup against Tottenham. And their defence of the Ligue 1 title began just a few days later. The newly expanded Club World Cup set up the teams involved for a difficult season, where their players were forced to play catchup on their rivals when it came to rest and recuperation. There is no way of quantifying how much Chelsea’s players were affected by their run to the final, but it is no coincidence that they only won two of their first six league games of the season and went on to finish way down in 10th. Cole Palmer, for one, had such a disappointing campaign that he will not even be at this summer’s World Cup as a result. But, since the new season started, there is no comparison between the demands on PSG’s players and those on Arsenal’s. From the beginning of the 2025-26 campaign, Arsenal have played more matches than any other team in any of the top five European leagues, having gone deep in the League Cup and the FA Cup. And, crucially, their opportunities to rotate have, unlike PSG, been few and far between. For example, when PSG’s domestic season started against Nantes, their team contained just two of t...
I used to love a heatwave. I was the sort of British person who acted like I was in the Mediterranean if the sun was slightly visible, coercing friends to take the outside restaurant table and eagerly working in the garden until my MacBook started to overheat rather than my internal organs. That was until I developed post-viral fatigue from the flu nine years ago. Now, the heat means suffering rat...
I used to love a heatwave. I was the sort of British person who acted like I was in the Mediterranean if the sun was slightly visible, coercing friends to take the outside restaurant table and eagerly working in the garden until my MacBook started to overheat rather than my internal organs. That was until I developed post-viral fatigue from the flu nine years ago. Now, the heat means suffering rather than pleasure: less energy, more pain and worse breathing. This has only increased as heatwaves across Europe have soared. I have spent this week of record-high May temperatures in the UK largely in bed, with the blinds drawn and two 5ft-high fans looming over me like security guards at a club no one wants to get into. Click on a news site in recent days and you’ll have seen headlines about how air conditioning (AC) is becoming Britain’s go-to tool to beat the heat. Four million households in the UK now have AC of some sort – double the amount there were just three years ago – as more of us work from home and temperatures rise. And yet there is a fact that many have not yet wrestled with: the millions of homes now enjoying air conditioning don’t house most of the people who really need it. While the wealthy and healthy can find tens of thousands of pounds to kit out their houses with built-in AC systems, disabled and chronically ill people – who are disproportionately on low wages or out of work long term – must make do with an Argos fan. Even the lower-cost portable AC units, which cost hundreds of pounds, are out of reach to many people relying solely on disability benefits. And then there are the swathes of disabled people who rent (if you have a disability, you’re less likely to own your own home) who won’t have the right to upgrade their properties. It’s the British class system with a climate-crisis spin: the more someone requires air conditioning to survive heatwaves, the less likely they are to be able to afford it. The situation will only get tougher as demand ...
“Geopolitical conflicts continue to flare up, development gaps are widening and global challenges are emerging one after another,” Han said. “These developments have made reform and improvement of global governance an urgent task for all countries and peoples.” The Global Governance Initiative – unveiled during the Tianjin Summit of the Shanghai Cooperation Organisation last September – was China’...
“Geopolitical conflicts continue to flare up, development gaps are widening and global challenges are emerging one after another,” Han said. “These developments have made reform and improvement of global governance an urgent task for all countries and peoples.” The Global Governance Initiative – unveiled during the Tianjin Summit of the Shanghai Cooperation Organisation last September – was China’s response to the needs of the world, Han said, as he outlined its three key messages: strong solidarity, upholding multilateralism, and a future of fairness and justice. “Hong Kong, as an international metropolis connecting China and the world and bringing together Eastern and Western cultures, is not only a major hub for finance, trade and shipping, but also an important bridge for exchanges between civilisations,” he said. Ambassador Han Zhiqiang, vice-president of the China Public Diplomacy Association, outlined Hong Kong’s key role in facilitating international exchanges in his keynote address, where he laid out the vision of China’s Global Governance Initiative. The two-day event, which ran from May 19 to 20, brought together global leaders and renowned experts in Hong Kong to exchange insights on issues affecting the city’s future and global prosperity. The Global Prosperity Summit 2026 (GPS 2026) highlighted Hong Kong’s expanding role in international and regional cooperation both within China’s Global Governance Initiative as well as Apec, ahead of a meeting of the bloc’s economic leaders in neighbouring Shenzhen later this year. “As we all advance towards a brighter future of a community with a shared future for humanity, China is ready to work with the international community to ensure that the Initiative takes root and yields fruitful outcomes.” Marking its third consecutive edition, GPS 2026 was co-organised by the Savantas Policy Institute, the Shanghai Institutes for International Studies and the European Chamber of Commerce in Hong Kong. Advertisement The As...
The Iran war may push medium-term inflation expectations among euro-area consumers higher, according to a European Central Bank blog post that appears to underpin the case for hiking interest rates. The chances that households will anticipate more rapid increases in prices have also increased after the 2022 price spike that followed Russia’s invasion of Ukraine and earlier geopolitical tensions le...
The Iran war may push medium-term inflation expectations among euro-area consumers higher, according to a European Central Bank blog post that appears to underpin the case for hiking interest rates. The chances that households will anticipate more rapid increases in prices have also increased after the 2022 price spike that followed Russia’s invasion of Ukraine and earlier geopolitical tensions left a “double scar,” Friday’s post said. Policymakers are particularly attentive to such expectations as they look to prevent the war-induced surge in energy costs from spilling over into broader inflation through wages and corporate price-setting. While short-term price outlooks have already risen significantly , movements in the medium to longer term have been smaller. Officials are widely expected to raise borrowing costs by a quarter-point in two weeks, with euro-area inflation already at 3% and likely to quicken further. “When looking ahead, consumers tend to extrapolate from their short-term to their medium-term inflation expectations, and they may have yet to witness the full pass-through to prices at the retail level,” Friday’s blog said. “As a result, there is certainly a risk of further upward revisions in medium-run inflation expectations in the future.” Adding to that, memories of 2022’s surge in prices and prolonged effects of geopolitical shocks “may reinforce each other,” the authors Olivier Coibion, Dimitris Georgarakos, Yuriy Gorodnichenko, Geoff Kenny, Justus Meyer and Trixi Pairan wrote. While the “the general shift towards a more stagflationary outlook is, so far, somewhat less pronounced” than four years ago, they cautioned that current data “provide only a snapshot.” With consumers highly attentive to economic news, “the evidence suggests that trust in the ECB acts as a buffer against the de-anchoring of inflation expectations,” the post argued. “Maintaining credibility and effective communication therefore remain essential, especially in volatile macro...
David Trainer, CEO of research firm New Constructs, is taking a highly contrarian view of the looming SpaceX IPO that’s generating more excitement than any debut in stock market history. And that’s across the spectrum, from institutions anticipating their biggest payday ever from underwriting the shares, to the funds clamoring to get the way-underpriced allocations that should “pop” big the first ...
David Trainer, CEO of research firm New Constructs, is taking a highly contrarian view of the looming SpaceX IPO that’s generating more excitement than any debut in stock market history. And that’s across the spectrum, from institutions anticipating their biggest payday ever from underwriting the shares, to the funds clamoring to get the way-underpriced allocations that should “pop” big the first day of trading, to the Elon Musk fans clamoring to pile in after the bell rings at the Nasdaq market site, probably in mid-June. Trainer’s got a different take: SpaceX is really skewering investors by raising tens of billions that instead of building profits will going to paying down debt, and “fund an increasingly costly AI race” that SpaceX claims it will totally dominate while in fact, it will encounter powerful competition, and intense pricing pressure, from the likes of Amazon, Google and Microsoft. Put simply, Trainer brands SpaceX projected valuation of $1.75 trillion market cap, biggest by far for any post-offering number of all-time, as “truly out of this world,” and instructs folks and fund to stay away from an investment that the basic math stamps as beyond lousy. Trainer argues that the SpaceX S-1 registration statement exposes a litany of weaknesses. Here are four of central issues he identified in a recent critique titled “Going Boldly Where No One Has Gone Before,” a surprisingly mild-sounding headline that, once you read the report, might better read “going recklessly.” Bad Corporate Governance Trainer argues correctly that the investors who are expected to buy $80 billion in SpaceX shares in the IPO will get exert zero influence over how the enterprise is run. Instead, Elon Musk will hold all the power. The rules are so one-sided that a group of America’s largest pension funds, including CalPERS, and those headed by the Controllers of both New York State and City, filed a lengthy letter objecting to half-a-dozen of the provisions. As Joseph Lucoski, founder...