The World Bank warned Mozambique’s current economic trajectory puts at risk the $50 billion in gas projects the government is counting on to help bolster its flagging economy, in one of the starkest warnings yet on the nation’s persistent debt-fueled overspending. The public wage bill and debt servicing consumed 87% of tax revenue last year, the Washington-based lender said in a report published o...
The World Bank warned Mozambique’s current economic trajectory puts at risk the $50 billion in gas projects the government is counting on to help bolster its flagging economy, in one of the starkest warnings yet on the nation’s persistent debt-fueled overspending. The public wage bill and debt servicing consumed 87% of tax revenue last year, the Washington-based lender said in a report published on Tuesday, leaving little for anything else. At the same time, poverty levels are growing in a nation that already ranks as the world’s second-poorest, it cautioned. The government has relied on local debt markets to fund a fiscal deficit that the World Bank sees widening to about 6% of gross domestic product this year and next, from about 4.1% last year. That’s led to payment delays and credit-rating downgrades, and local banks limiting their participation in Treasury-bill and bond auctions. “The cost of inaction is rising and could be severe,” the World Bank said in its Mozambique Economic Update. “If existing macro-fiscal pressures continue unchecked, economic instability could jeopardize more than $50 billion in foreign direct investment, particularly in energy mega projects.” TotalEnergies SE in January announced the full resumption of its $20 billion Mozambique liquefied natural gas project, after a near five-year halt because of attacks by Islamic State-aligned militants. Exxon Mobil Corp. plans an even bigger project alongside it, and the Mozambican government expects a final investment decision in the coming months.
↗️ Alibaba (HK:9988, BABA), JD.com (HK:9618, JD), Meituan (HK:3690): The stocks rallied after Chinese authorities signaled a push to end intense price competition amid food-delivery companies. 🔎 SK Hynix (SK:000660): The South Korean memory-chip maker is planning to list in the U.
↗️ Alibaba (HK:9988, BABA), JD.com (HK:9618, JD), Meituan (HK:3690): The stocks rallied after Chinese authorities signaled a push to end intense price competition amid food-delivery companies. 🔎 SK Hynix (SK:000660): The South Korean memory-chip maker is planning to list in the U.
Seeking Alpha More on PDD Holdings PDD Holdings: This Retail Disruptor Appears Undervalued PDD Holdings: Temu Pessimism Offers A Discount On China's Best Fortress Balance Sheet PDD Holdings Non-GAAP EPADS of $2.53 misses by $0.52, revenue of $17.72B misses by $390M PDD Holdings Q4 2025 Earnings Preview Seeking Alpha’s Quant Rating on PDD Holdings
Seeking Alpha More on PDD Holdings PDD Holdings: This Retail Disruptor Appears Undervalued PDD Holdings: Temu Pessimism Offers A Discount On China's Best Fortress Balance Sheet PDD Holdings Non-GAAP EPADS of $2.53 misses by $0.52, revenue of $17.72B misses by $390M PDD Holdings Q4 2025 Earnings Preview Seeking Alpha’s Quant Rating on PDD Holdings
Milan Markovic/E+ via Getty Images Investment overview I wrote about Kanzhun Ltd. ( BZ ) previously with a buy rating, as I believe the investments in AI are truly helping BZ to improve recruiters' ROI and job seekers' engagement. Although the share price has gone the wrong way vs. what I expected, I am still giving this a buy rating as the core business is still growing at a healthy pace, white-c...
Milan Markovic/E+ via Getty Images Investment overview I wrote about Kanzhun Ltd. ( BZ ) previously with a buy rating, as I believe the investments in AI are truly helping BZ to improve recruiters' ROI and job seekers' engagement. Although the share price has gone the wrong way vs. what I expected, I am still giving this a buy rating as the core business is still growing at a healthy pace, white-collar hiring is recovering, and the customer base is broadening across smaller enterprises and lower-tier cities. More importantly, AI-related revenue has reached meaningful scale and is growing faster than the rest of the platform. 4Q25 earnings (announced on 18th March) BZ fundamental performance continues to be solid. In the most recent quarter , revenue was up double digits as well, at 14% y/y, driving total revenue to RMB2.08 billion. Revenue from online recruitment services to enterprise customers was the main driver here, up 14.6% y/y, with healthy paid enterprise customer growth. Average monthly active users for the quarter were also up ~10% y/y, from 52.7 million to 58 million. Revenue growth came with lower operating costs, resulting in EBIT growing by ~80% y/y to RMB686 million. On an adjusted basis, that figure was lower at ~37% y/y, but still strong. Adj. net income, as a result, grew 25.4% y/y to RMB905.9 million. White-collar hiring is recovering BZ's stock price decline is indeed worrisome, and I can get why the market is reacting that way. The bear case narratives go something like this: If white-collar demand stayed weak, or if AI ended up reducing hiring activity, then BZ could have ended up as a low-growth platform with some margin help but not much else. Apparently, this is not the case, and there are data to back this up. Management said white-collar recruitment demand recovered steadily in 2025, and after adjusting for Chinese New Year timing, average daily job postings in the 15 days after the holiday surged by a double-digit percentage y/y. Manageme...
Wael Sawan says energy shortages on way if strait of Hormuz does not reopen to oil and gas shipping Europe could face energy shortages and fuel rationing as soon as next month without a reopening of the strait of Hormuz, Shell’s chief executive has warned. The boss of Europe’s biggest oil company said it was working with governments to help them address the oil and gas supply crisis, which has alr...
Wael Sawan says energy shortages on way if strait of Hormuz does not reopen to oil and gas shipping Europe could face energy shortages and fuel rationing as soon as next month without a reopening of the strait of Hormuz, Shell’s chief executive has warned. The boss of Europe’s biggest oil company said it was working with governments to help them address the oil and gas supply crisis, which has already led to energy rationing in Asian countries. Continue reading...
Were you surprised by your bill? How did you manage the cost? We would like to hear from you The UK’s competition watchdog has ordered vets to cap prescription fees at £21 and proposed a cost-comparison website. The Competition and Markets Authority (CMA) said public satisfaction with the cost of services was “low” after a two-and-a-half-year investigation that found “there is not strong competiti...
Were you surprised by your bill? How did you manage the cost? We would like to hear from you The UK’s competition watchdog has ordered vets to cap prescription fees at £21 and proposed a cost-comparison website. The Competition and Markets Authority (CMA) said public satisfaction with the cost of services was “low” after a two-and-a-half-year investigation that found “there is not strong competition between veterinary businesses”. Continue reading...
Legal and Business Leader Brings Deep Media Technology Experience to Colorado Public Television's Governing Board and Finance CommitteeLAKEWOOD, Colo., March 25, 2026 (GLOBE NEWSWIRE) -- Wowza, a leader in video streaming infrastructure, today announced that Elliot Miller, the company’s Chief Legal Officer and Head of Operations, has been appointed to the Board of Directors of PBS12, Colorado Publ...
Legal and Business Leader Brings Deep Media Technology Experience to Colorado Public Television's Governing Board and Finance CommitteeLAKEWOOD, Colo., March 25, 2026 (GLOBE NEWSWIRE) -- Wowza, a leader in video streaming infrastructure, today announced that Elliot Miller, the company’s Chief Legal Officer and Head of Operations, has been appointed to the Board of Directors of PBS12, Colorado Public Television (KBDI-TV) and will serve on the Board’s Finance Committee. The appointment recognizes