Net migration to the UK fell by nearly 50% to 171,000 last year, according to official figures released on Thursday, in what will be seen as a boost for Keir Starmer’s government. Data released by the Office for National Statistics (ONS) showed the difference between the number of people moving to the UK and the number of people leaving was at its lowest level since 2021. The figure was down 48% y...
Net migration to the UK fell by nearly 50% to 171,000 last year, according to official figures released on Thursday, in what will be seen as a boost for Keir Starmer’s government. Data released by the Office for National Statistics (ONS) showed the difference between the number of people moving to the UK and the number of people leaving was at its lowest level since 2021. The figure was down 48% year on year from 331,000 in 2024, extending a sharp decline from a record peak of 944,000 in 2023. The figures will encourage government ministers who have promised to drive down the number of people moving to the UK. Migration has become a key political battleground against the rise of Nigel Farage’s Reform UK. The number of nationals from outside the EU arriving for work-related reasons fell by 47% in 2025, which was the main cause of the continued fall in net migration. Over the same period, overall emigration fell slightly. An estimated 813,000 people immigrated to the UK while 642,000 emigrated. The continued fall in net migration was being driven by fewer people from outside the EU arriving in the UK for work, the ONS said. ONS figures cover net migration figures in the 12 months to December 2025. The Home Office is publishing its own figures on Thursday related to the 12-month period to March 2026. Many people mistakenly believe net migration is rising in Britain despite figures dropping to their lowest level in years, a thinktank has found. Research from British Future, published ahead of latest government figures on migration, revealed a chasm between reality and public perception of net migration, with a substantial portion of the public believing it had increased.
Check out the companies making headlines yesterday: Coursera (NYSE:COUR): Online learning platform Coursera (NYSE:COUR) rose by 7.5% on Monday after the company announced that its Board of Directors approved a share repurchase program to buy back up to $500 million of its common stock. See our full article here. Is now the time to buy Coursera? Access our full analysis report here, it's free. Micr...
Check out the companies making headlines yesterday: Coursera (NYSE:COUR): Online learning platform Coursera (NYSE:COUR) rose by 7.5% on Monday after the company announced that its Board of Directors approved a share repurchase program to buy back up to $500 million of its common stock. See our full article here. Is now the time to buy Coursera? Access our full analysis report here, it's free. Micron (NASDAQ:MU): Memory chips maker Micron (NASDAQ:MU) fell by 7.2% on Monday after a broad-based sell-off hit the semiconductor sector following news of a potential strike at Samsung and a stake sale by Taiwan Semiconductor Manufacturing (TSMC), which rattled global chip supply chains. See our full article here. Is now the time to buy Micron? Access our full analysis report here, it's free. Zscaler (NASDAQ:ZS): Cloud security platform Zscaler (NASDAQ:ZS) rose by 8.5% on Monday after B.Riley analyst Erik Suppiger upgraded the cybersecurity stock from Neutral to Buy. See our full article here. Is now the time to buy Zscaler? Access our full analysis report here, it's free. Salesforce (NYSE:CRM): CRM software giant Salesforce (NYSE:CRM) rose by 2.9% on Monday after investor confidence rebounded as markets softened their view on the existential threat AI poses to traditional software companies. See our full article here. Is now the time to buy Salesforce? Access our full analysis report here, it's free. Centrus Energy (NYSE:LEU): Nuclear fuel supplier Centrus Energy (NYSE:LEU) fell by 5.4% on Monday after uranium prices slipped, extending a multi-month pullback from January's highs. See our full article here. Is now the time to buy Centrus Energy? Access our full analysis report here, it's free.
Regulators in Hong Kong and Singapore sought clarity from Standard Chartered Plc following Chief Executive Officer Bill Winters ’ unscripted “lower-value human capital” remarks, as the Asia-focused lender moves to contain fallout from the episode. The topic came up in discussions with the Monetary Authority of Singapore on Wednesday, while the Hong Kong Monetary Authority asked the lender to expla...
Regulators in Hong Kong and Singapore sought clarity from Standard Chartered Plc following Chief Executive Officer Bill Winters ’ unscripted “lower-value human capital” remarks, as the Asia-focused lender moves to contain fallout from the episode. The topic came up in discussions with the Monetary Authority of Singapore on Wednesday, while the Hong Kong Monetary Authority asked the lender to explain his comments, according to people familiar with the matter. Some regulators pressed the bank about the impact of job cuts in their respective markets, the people said, asking not to be identified as the details are private. Winters made the remarks earlier this week when referring to the role of artificial intelligence in the bank’s plans to cut thousands of roles . The phrasing drew condemnation on social media and across Asia, a region that generates most of its profits . It underscores the delicate balance CEOs face as investors push for cost cuts and deeper adoption of AI, even as companies attempt to show empathy toward displaced workers. Read More: Bank CEOs’ AI Obsession Collides With Warning From Watchdogs “It’s not cost cutting; it’s replacing in some cases lower-value human capital with the financial capital and the investment capital we’re putting in,” Winters said at a briefing in Hong Kong on Tuesday. He spoke after the London-based lender disclosed plans to eliminate close to 8,000 support roles over the next four years, making it one of the first global banks to set out how it expects AI to trim headcount. The HKMA asked the bank if the comments meant the lender was seeking to use AI as a pretext to cut staff, one of the people said. His remarks also alarmed senior management at Standard Chartered in London and staff across operations including those in India, where the bank employs about 27,000 staff in cities such as Bengaluru and Chennai, some of the people said. MAS said it “regularly engages with major banks in Singapore on key aspects of their busine...
NVDA reported Q1 revenue and profit above expectations, and its data center revenue nearly doubled. Nvidia said it's pushing harder into the CPU market, a market which it believes is a $200 billion revenue opportunity. “We have strategically secured inventory and capacity to meet demand beyond the next several quarters,” CFO Colette Kress said. Nvidia shares rose 0.2% after a volatile start to pre...
NVDA reported Q1 revenue and profit above expectations, and its data center revenue nearly doubled. Nvidia said it's pushing harder into the CPU market, a market which it believes is a $200 billion revenue opportunity. “We have strategically secured inventory and capacity to meet demand beyond the next several quarters,” CFO Colette Kress said. Nvidia shares rose 0.2% after a volatile start to premarket trading on Thursday. The stock had rallied sharply in recent weeks, suggesting investors had already priced in a strong report, limiting the scope for further gains similar to the muted next-day reactions following Nvidia’s previous quarterly earnings. Still, analysts responded with optimistic commentary around Nvidia's performance, highlighting various growth levers from sustained AI chip demand to the company’s push in the CPU market as catalysts for the near-term stock performance. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox “Another robust eye popping quarter from Nvidia. Demand continues to accelerate well beyond Street expectations. Hugely important print and guide for Godfather of AI Jensen,” WedBush analyst Dan Ives said on X. “Ripple impacts across the tech world,” he forecast. NVDA’s Q1 Recap Nvidia’s fiscal first quarter revenue increased 85% to $81.62 billion, and adjusted earnings came in at $1.87 per share. Analysts had expected $78.86 billion in revenue and a $1.76. per share profit. Nvidia also disclosed $30 billion worth of cloud computing agreements, up sequentially from $27 billion. The company increased its quarterly cash dividend to $0.25 per share from $0.01 per share and approved an $80 billion share buyback. More importantly, Nvidia for the first time broke down data center its core data center segment – where revenue surged 92% to a better-than-expected $75.25 billion – into Hyperscale and ACIE (AI Clouds, Industrial, and Enterprise). It said that sales to...
CK Hutchison Holdings , one of the flagship companies of billionaire Li Ka-shing, has no plans to sell ParknShop in Hong Kong to one of its largest competitors, according to a senior executive of the supermarket chain’s owner and operator. “There is really no such plan to sell ParknShop,” said Dominic Lai, group co-managing director of CK Hutchison, responding to a question at the company’s annual...
CK Hutchison Holdings , one of the flagship companies of billionaire Li Ka-shing, has no plans to sell ParknShop in Hong Kong to one of its largest competitors, according to a senior executive of the supermarket chain’s owner and operator. “There is really no such plan to sell ParknShop,” said Dominic Lai, group co-managing director of CK Hutchison, responding to a question at the company’s annual general meeting on Thursday. The group had been reported to be in talks with Jardine Matheson about a possible merger between ParknShop and its Wellcome grocery chain, operated by unit DFI Retail. Combined, the two would control under half of Hong Kong’s supermarket sector. Advertisement Along with Market Place, 3hreesixty and Oliver’s, Wellcome operated a network of more than 320 stores in Hong Kong, according to its website. ParknShop ran more than 240 outlets, including those under Fusion, Taste, Taste x Fresh, Food Parc and Great Food Hall, according to its website. Lai also commended ParknShop staff for “doing a very good job despite an extremely competitive environment.” Advertisement He said they had stepped up sourcing products globally, including from mainland China, and offered discounts, to ensure that everyone could “enjoy great value for money” when shopping. “We could clearly see their hard work,” Lai added.
Photo: VCG China’s economy slowed broadly after a stronger-than-expected first quarter, with activity weakening across most major indicators outside exports, highlighting a recurring pattern driven by the timing of policy implementation, according to UBS Securities Chief China Economist Song Yu. China’s first-quarter performance beat expectations, but momentum weakened in April, continuing a patte...
Photo: VCG China’s economy slowed broadly after a stronger-than-expected first quarter, with activity weakening across most major indicators outside exports, highlighting a recurring pattern driven by the timing of policy implementation, according to UBS Securities Chief China Economist Song Yu. China’s first-quarter performance beat expectations, but momentum weakened in April, continuing a pattern seen in recent years in which strong first-quarter data are followed by second-quarter slowdowns.
Luis Alvarez/DigitalVision via Getty Images Introduction Since the end of January, Nu Holdings ( NU ) has lost over 35% of its market value and has been a clear underperformer within its peer group of Brazilian banks. The main reason behind this underperformance is the market’s expectation that NU is approaching maturity in its core market of Brazil. New markets, such as Mexico or Colombia, are no...
Luis Alvarez/DigitalVision via Getty Images Introduction Since the end of January, Nu Holdings ( NU ) has lost over 35% of its market value and has been a clear underperformer within its peer group of Brazilian banks. The main reason behind this underperformance is the market’s expectation that NU is approaching maturity in its core market of Brazil. New markets, such as Mexico or Colombia, are not yet profitable and will require several more quarters to reach profitability. Additionally, investments in entering the U.S. market and building AI infrastructure could put pressure on short-term earnings. In my last article on NU, I wrote that acquiring a Mexican banking license would enable NU to become the largest retail bank in Latin America, a view I still strongly hold. In the following sections, I argue that NU still has a long runway for growth ahead and that what the market perceives as a structural slowdown could present a good opportunity to add to this long-term compounder. Bloomberg Brazil remains a growth engine Brazil is one of the most profitable banking markets in the world, where banks earn return on equity [ROE] exceeding 20%, driven by a combination of high net interest margins (NIMs) and stable provisioning ratios. By contrast, NU has achieved an average adjusted ROE of over 30% over the past six quarters. In its most recent earnings call, management stated that NU still has a long road ahead in the Brazilian market, where it currently captures only 7% of the total profit pool, despite being the largest private financial institution in Brazil by customer base. In its two largest product segments, credit cards and unsecured loans, NU’s market share stands at just 18% and 8%, respectively. By various measures, the most underappreciated opportunity is the SME segment, which is almost as large as the credit card market (USD 18 billion versus USD 20 billion), yet NU’s market penetration is only 2%. Since many of NU’s 110 million individual clients own smal...