Sunshine 100 China Holdings, a mainland Chinese developer facing debts amid China’s property sector downturn, said on Thursday that it plans to oppose a winding-up petition filed against it in Hong Kong. HTI Financial Solutions and Haitong International Financial Products filed the winding-up petition against the developer at the High Court of Hong Kong over an unpaid redemption sum of about US$20...
Sunshine 100 China Holdings, a mainland Chinese developer facing debts amid China’s property sector downturn, said on Thursday that it plans to oppose a winding-up petition filed against it in Hong Kong. HTI Financial Solutions and Haitong International Financial Products filed the winding-up petition against the developer at the High Court of Hong Kong over an unpaid redemption sum of about US$205 million, including accrued interest, due on March 19, 2025, according to a Sunshine 100 filing with the Hong Kong stock exchange. “The company will seek legal advice and take all necessary actions to protect its legal rights,” the filing said. “Furthermore, the company will oppose the petition, as the board is of the view that the petition does not represent the interests of other stakeholders and may impair the value of the company.” Advertisement The company added that it would consider applying for a validation order from the court, which would allow it to continue trading despite the winding-up petition. “There is no guarantee that the validation order will be granted by the High Court,” Sunshine 100 said in its filing. If the validation order were not granted but the winding-up order was not dismissed or permanently stayed, all share transfers on or after the commencement date of the petition would be void, it said. Advertisement The petition, which the company received on Tuesday, was scheduled to be heard by the High Court on May 20, it said. The developer, which focuses on block complexes, shared-service flats and large-scale mixed-use communities, has defaulted on multiple redemptions since 2021.
China’s central bank has called for heightened cybersecurity awareness and caution in the use of artificial intelligence in the financial sector, adding to a chorus of warnings over security risks amid the nationwide buzz surrounding the OpenClaw AI agent. At its annual technology conference in Beijing on Wednesday, the People’s Bank of China called for further efforts to “enhance the resilience o...
China’s central bank has called for heightened cybersecurity awareness and caution in the use of artificial intelligence in the financial sector, adding to a chorus of warnings over security risks amid the nationwide buzz surrounding the OpenClaw AI agent. At its annual technology conference in Beijing on Wednesday, the People’s Bank of China called for further efforts to “enhance the resilience of cybersecurity and data security”, according to a readout of the meeting posted on its website. The central bank also said the deployment of AI in the financial sector should be managed in a “proactive yet prudent, safe and orderly” manner. Advertisement This year, according to the readout, the central bank’s technology agenda will focus on mitigating risks, tightening supervision and fostering high-quality development, while employing a policy approach focused on pre-empting extreme risks to continuously refine its regulatory framework. The PBOC also called for deeper integration of banking and technology at the conference, aiming to fully unleash the potential of intelligent digital development. Advertisement That aligns with the central bank’s long-standing policy of encouraging technological empowerment across the banking sector, while ensuring that the transition remains safe and orderly. The meeting brought together the heads of the PBOC’s departments and branches, along with its deputy governor, Zou Lan.
From speaking Chinese to filming square dancing in a park, Hollywood’s golden boy Timothée Chalamet gave his fans a lot to talk about during his trip to China. The 30-year-old American-French actor, affectionately called tian cha, “Sweet Tea”, by his Chinese fans due to the phonetic similarity to his name, is considered a front runner to win an Oscar. His recent trip to China is to promote Marty S...
From speaking Chinese to filming square dancing in a park, Hollywood’s golden boy Timothée Chalamet gave his fans a lot to talk about during his trip to China. The 30-year-old American-French actor, affectionately called tian cha, “Sweet Tea”, by his Chinese fans due to the phonetic similarity to his name, is considered a front runner to win an Oscar. His recent trip to China is to promote Marty Supreme, a film about a shoe salesman who risks everything to pursue his dream of becoming a world table tennis champion. Timothée Chalamet is surrounded by excited fans while on his China trip. Photo: thepaper.cn The film has already received nine nominations at the 98th Academy Awards, including Best Picture and Best Actor. Advertisement Chalamet kicked off his Chinese tour on March 8 in Chengdu, southwestern China, where he casually strolled through the city in a jacket featuring the movie’s Chinese title. He dived into the local culture, sampling traditional Gaiwan tea, filming square dancing and eating spicy hotpot with chopsticks. Advertisement The actor even joined locals for a friendly table tennis match in a park.
Planning a spring clean? From furniture to toothbrushes, books to old phones, here are the best ways to sell, donate and upcycle your unwanted things • How to have a guilt-free wardrobe clearout Forget blossom and bluebells, for many of us, the changing season means one thing: time for a spring clean. While you may have tackled the clothes you no longer want without sending them to landfill (if no...
Planning a spring clean? From furniture to toothbrushes, books to old phones, here are the best ways to sell, donate and upcycle your unwanted things • How to have a guilt-free wardrobe clearout Forget blossom and bluebells, for many of us, the changing season means one thing: time for a spring clean. While you may have tackled the clothes you no longer want without sending them to landfill (if not, have a read of our guide to clearing out your clothes sustainably ), other items in our homes are not always as straightforward. According to the circular living organisation Wrap , 22m items of furniture are thrown away each year in the UK, and worldwide, we discard 2.6m tonnes of e-waste (electronic waste) annually. Many of these items could be resold, upcycled or recycled. The British Heart Foundation reports that 62% of us throw away homeware items that are in good enough condition to be donated to charity. Here are some of the best ways to reuse, recycle and upcycle your unwanted stuff. Continue reading...
The shocking level of physical violence against women permitted under the Taliban’s new laws has been revealed this week by the case of a woman in northern Afghanistan, who said she was beaten with a cable wire by her husband and told by a judge: “You want a divorce just because of that? … A little anger and a few beatings won’t kill you.” Farzana* said her husband was quick-tempered and often res...
The shocking level of physical violence against women permitted under the Taliban’s new laws has been revealed this week by the case of a woman in northern Afghanistan, who said she was beaten with a cable wire by her husband and told by a judge: “You want a divorce just because of that? … A little anger and a few beatings won’t kill you.” Farzana* said her husband was quick-tempered and often resorted to beating her. He regularly humiliated her and called her “disabled”, she said, because her right leg was slightly shorter than the left. She had tolerated the abuse for the sake of their children, but one evening, she said, his violence went too far. “One day I was very sick and had no energy to cook dinner. When he came home from work, he said: ‘Now you don’t even do the housework?’ I told him I was sick, but he beat me with a mobile phone charger cable. The marks on my back and arms remained for several days, but I didn’t think of taking photos that might one day help me in court.” After the attack, she decided to seek an end to the violence by filing for divorce, but when her case reached a Taliban court recently, Farzana said the judge not only rejected her application but belittled her claims of abuse. “When I said he beats me and constantly humiliates and insults me, and that I want a divorce, the judge asked: ‘You want a divorce just because of that? Don’t you have another reason?’” When Farzana went on to describe the attack she had recently suffered, she said the judge asked whether she had proof of the abuse. “When I said no, he told me: ‘You were young and enjoyed your husband. Now that he is getting older you are making excuses to divorce him so you can marry someone else. Go back, you have a nice husband, live with him. A little anger and a few beatings won’t kill you. Islam allows a man to beat his wife if she disobeys him, to discipline her. Go, and don’t come again asking for divorce over such things.’” View image in fullscreen Women in a shelter for...
The differences between what Trump and Netanyahu want out of this war are starting to show and complicating how it will end When the US and Israel launched an attack on Iran to start a war that is now entering its third week, it was the start of something unprecedented; the first joint Israeli-American war. Even though the US has long been a close military ally of Israel, this has never happened b...
The differences between what Trump and Netanyahu want out of this war are starting to show and complicating how it will end When the US and Israel launched an attack on Iran to start a war that is now entering its third week, it was the start of something unprecedented; the first joint Israeli-American war. Even though the US has long been a close military ally of Israel, this has never happened before. Unlike last year’s “12-day war” where Israel launched a war that the US joined near the very end with a single set of strikes on Iran’s nuclear facilities, this Israeli-American war on Iran is deeply coordinated at the operational level between both belligerents day in and day out. That is precisely why clear, shared objectives between Washington and Tel Aviv will be crucial for the US to exit this war with a political victory and not just the tab for tons of destruction across the region with little significant change. Much of what we have seen so far suggests strongly that that is not the case; Israel and the US have different goals here, if they even really know what their goals are, and because of this no clear endgame can be envisioned even as the costs of the war mount. Continue reading...
Forget the kneejerk negativity. If the sketch show’s British talent strikes the right tone, Saturday night comedy could become a family ritual A strong contender for the most depressing four words in the English language – after “I’ve started a Substack”, obviously – is the formulation, “topical sketch comedy show”, a line that will yank many of us back to painful memories of late night Channel 4 ...
Forget the kneejerk negativity. If the sketch show’s British talent strikes the right tone, Saturday night comedy could become a family ritual A strong contender for the most depressing four words in the English language – after “I’ve started a Substack”, obviously – is the formulation, “topical sketch comedy show”, a line that will yank many of us back to painful memories of late night Channel 4 in the 90s. British telly has never excelled at this live comedy format, or maybe, depending on your view, nowhere has. Near the end of this month, Sky is launching a UK version of Saturday Night Live , that most revered of American staples and a holy grail for US comedy writers going back to the 1970s. If it seems like a strange import, it may be that, as the dusty original fields kicks from all sides, SNL UK has a prime opportunity to reboot the franchise. The curious question for observers is whether there are things so rooted in their original context they can’t be expected to travel. We’ve seen a lot of this going in the other direction, with disastrous US remakes of British TV shows, such as Skins (cancelled after one season), The Inbetweeners (ditto) and any British show featuring actors who look ballpark normal, recast with Americans who look like Kristi Noem. (For my money, even the US version of The Office didn’t really work, although nine seasons and everyone else say otherwise). US television imports to the UK, meanwhile, have mostly been gameshows or reality TV, so SNL is a newish experiment. And yet the kneejerk response to news of its commissioning – see John Oliver, calling it a “terrible idea,” per GQ’s reporting – has been overwhelmingly negative. Emma Brockes is a Guardian columnist Continue reading...
A lot is riding on the success of the latest multiplayer online shooter from Halo creator Bungie, a DayGlo spectacular that whisks players to a far-off planet mired in an endless battle for resources In rare quiet moments playing Marathon, you may find yourself overcome by the iridiscently pretty planet Tau Ceti IV. This fictional world seems to radiate a chemical glow: powdery pink skies and luri...
A lot is riding on the success of the latest multiplayer online shooter from Halo creator Bungie, a DayGlo spectacular that whisks players to a far-off planet mired in an endless battle for resources In rare quiet moments playing Marathon, you may find yourself overcome by the iridiscently pretty planet Tau Ceti IV. This fictional world seems to radiate a chemical glow: powdery pink skies and lurid green vegetation fill the screen alongside supermassive architecture emblazoned with ultra-stylish, neon graphic design. Yet enjoy the scenery for a split second too long and you might catch a bullet, causing your character to bleed an icky blue substance. In such moments, the camera locks – meaning you must stare down at their unceremonious expiry. Marathon’s considerable beauty is matched only by its clinical brutality. The road to Marathon’s release has been long and contentious. This extraction shooter – so-called because you must do as much shooting and looting as you can in a given level before making an escape – was first shown off in 2022 with a ravishing trailer (below). Among many startling images, it showed tiny robotic bugs, a little like silkworms, weaving a synthetic body into existence. The game, made by Halo and Destiny creator Bungie, looked weird in a way that blockbuster shooters rarely do, causing excitable stirrings among both shooter stalwarts and art-game aficionados. Continue reading...
In 2015, Deniël de Bruyn moved almost 300 miles to Cape Town, to live with relatives and try to overcome a drug problem. Nine months later, he was dead, shot in what gangsters in the township of Wesbank claimed was a case of mistaken identity, according to De Bruyn’s cousin Lindy Jacobs. The shooting was witnessed by Jacobs’s 12-year-old son Zunadin. “My son’s life was never, never ever the same a...
In 2015, Deniël de Bruyn moved almost 300 miles to Cape Town, to live with relatives and try to overcome a drug problem. Nine months later, he was dead, shot in what gangsters in the township of Wesbank claimed was a case of mistaken identity, according to De Bruyn’s cousin Lindy Jacobs. The shooting was witnessed by Jacobs’s 12-year-old son Zunadin. “My son’s life was never, never ever the same again,” she said. In 2018, Jacobs said, gangsters tried to kill Zunadin. She went to the police. But just two months later her son was dead too. Jacobs is now raising her 12-year-old grandson Noah, whose father was another casualty of gang violence. The Cape Flats townships, where Black, Coloured and Indian South Africans were forced to move by the white minority apartheid regime in the 1960s and 70s, are full of stories like Jacobs’. Of people whose families were torn apart by gangs, but who, despite everything, are committed to their communities. View image in fullscreen Noah Jacobs, 12, who lost his father to gang-related violence when he was a baby, at his grandmother’s house in Westbank. After the man who allegedly killed her son was himself killed by a rival gang, Jacobs refused to celebrate: “I said to myself, ‘He is also somebody’s child.’” She focused on running home gardening workshops and football training for children, leading the local chapter of Balls Not Guns, a collective of Cape Flats women’s volunteer groups that promotes participation in sport. “I always remember light, light, light in this darkness,” she said. “Because if there’s nobody that is trying to light, what is going to happen with our youth?” Last year, there were more than 1,037 gang-related murders in the wider Western Cape province, according to police data. That was 16% higher than in 2024. The splintering of gangs has escalated the turf wars over territories where they sell drugs and extort businesses, while also trapping ordinary people in the crossfire. The surge in violence prompted South...
My conversation with James Hunt begins the usual way: an exchange of hellos, followed by the most mundane of questions. “How are you?” I ask. Although he responds predictably – “I’m all right … I’m good” – we both know that underneath this answer lurks a whole world of experience, and the plain fact that some people’s everyday lives are lived in extraordinary circumstances. Six months ago, this fo...
My conversation with James Hunt begins the usual way: an exchange of hellos, followed by the most mundane of questions. “How are you?” I ask. Although he responds predictably – “I’m all right … I’m good” – we both know that underneath this answer lurks a whole world of experience, and the plain fact that some people’s everyday lives are lived in extraordinary circumstances. Six months ago, this fortysomething father was leading the kind of life that might have caused plenty of people to break into small emotional pieces. In his Essex home town, he had long since moved back in with his elderly father, who had Parkinson’s and needed round-the-clock care from his son. His mum, who has dementia, was living in a nearby residential home. Meanwhile, the story that comes closest to defining him was continuing as he looked after his teenage autistic and learning-disabled sons, Jude and Tommy, and coped with massively difficult parental challenges – not least a constant lack of sleep. Hunt is a fascinatingly modest, level-headed kind of presence. “There’ve been a few periods like that,” he tells me. “Sometimes I look back and think, ‘How did we do it?’, for so long and without extra support?” For a moment, his eyes look as if they’re filling up. “I don’t really know how we coped.” His dad died back in October, and he says his sadness was mixed with a strong feeling of guilt: “You feel awful for feeling a bit lighter.” Meanwhile, he was starting to ready Jude – who’s now 17 – for leaving full-time education and entering the adult social care system, which entails endless meetings, phone calls and form filling. And all the time, he was carrying on with a project that began back in 2015: sharing his experiences via a blog (which is now on Substack), and Facebook and Instagram accounts with nearly 400,000 followers apiece. The title that runs across all this material is Stories About Autism; what Hunt posts online is full of intense emotion and everyday outbreaks of joy, often in...
Thanks for reading Hyperdrive , Bloomberg’s newsletter on the future of the auto world. 911 Maker in Decline Porsche is shrinking. The German luxury-car maker was on a tear during much of the past decade. But a worsening sales slump in China and an overly ambitious push into electric vehicles are costing it dearly. The new CEO, Michael Leiters, on Wednesday told investors to brace for another diff...
Thanks for reading Hyperdrive , Bloomberg’s newsletter on the future of the auto world. 911 Maker in Decline Porsche is shrinking. The German luxury-car maker was on a tear during much of the past decade. But a worsening sales slump in China and an overly ambitious push into electric vehicles are costing it dearly. The new CEO, Michael Leiters, on Wednesday told investors to brace for another difficult year . Group sales will decline, and while the operating margin is set to improve from last year’s dismal 1.1%, profitability remains well below what you’d expect from one of the strongest brands in automaking. To get back on track, Leiters has prescribed a stringent operational diet. It includes more job cuts and spending reductions, as well as a closer look at how to improve the company’s products. The CEO said he’ll present more details on the efficiency push in the fall, but change is unavoidable. Porsche simply doesn’t sell enough cars anymore to sustain what Leiters called “bloated” operations. Much of Porsche’s decline is taking place in China. The company expects to sell just 30,000 cars there this year — down from nearly 100,000 in 2022. Competition is intensifying in the world’s biggest auto market as consumers gravitate toward local brands that increasingly push into the luxury segment. Mercedes, Audi and BMW have experienced similar setbacks in China and are responding by partnering with local manufacturers and developing cars that better fit local tastes. Leiters still sees an opportunity for combustion-engine cars in China, and the continued success of the 911 proves that Porsche still carries allure. But it may well be too late for a sustained turnaround there if the market electrifies further. BYD, Xiaomi and Tesla have already built up a commanding lead on EVs. To bolster margins, the CEO is also considering adding more top-end models positioned above its two-door sports cars and the Cayenne SUV. It’s a strategy that has worked well for Ferrari but no...
A prolonged natural gas pipeline leak in Peru is suddenly laying bare the costs of its chronic political instability, a phenomenon that’s often shrugged off by investors. The South American country relies on a single pipeline system to transport gas from its Camisea fields, which fuel over a third of its electricity and a chunk of its foreign exchange in the form of liquefied natural gas exports. ...
A prolonged natural gas pipeline leak in Peru is suddenly laying bare the costs of its chronic political instability, a phenomenon that’s often shrugged off by investors. The South American country relies on a single pipeline system to transport gas from its Camisea fields, which fuel over a third of its electricity and a chunk of its foreign exchange in the form of liquefied natural gas exports. Authorities have been sounding the alarm for years about the need for a backup line and regasification plant to import gas in case of a disruption. But one proposal after another derailed as Peru cycled through nine different presidents since 2016. “It’s absolutely false that politics and the economy run on separate tracks in Peru,” said Felipe Cantuarias, head of the Peruvian Hydrocarbons Society. More than 1,000 industries have been affected and some even halted operations, he added. “Clearly politics is responsible for this situation.” The ongoing gas crisis threatens to drive up March inflation to above 1%, a monthly jump not seen since 2024. Two weeks without normal hydrocarbons production could also shave 0.1 to 0.2 percentage points off of annual growth, according to Hugo Perea, chief economist at BBVA Research in Peru. The episode is testing interim President José María Balcázar just two weeks after he took power following the ouster of his predecessor. Balcázar is set to govern only until July after elections in April. “If this drags on, there will be problems,” Energy and Mines Minister Angelo Alfaro said last week. Relentless political turbulence has seen 30 energy and mines ministers since Camisea started producing in 2004. The Camisea deposits, operated by Argentina’s Pluspetrol SA , sit in a remote patch of the Amazon in the southern Cusco region. Two underground pipelines, one for natural gas and another for associated gas liquids, span hundreds of miles to the Pacific coast. The transport system is operated by Transportadora de Gas del Perú SA , whose main s...
Full-year 2025 revenue increased 10% year-over-year to $116.6 million, within revised guidance range Full year 2026 revenue guidance of $100.5 to $111.0 million Entered into agreement to acquire Cullgen to gain targeted protein degradation platform and pipeline; transaction anticipated to close in the second quarter of 2026 Alignment with China’s Center for Drug Evaluation (CDE) on conditional app...
Full-year 2025 revenue increased 10% year-over-year to $116.6 million, within revised guidance range Full year 2026 revenue guidance of $100.5 to $111.0 million Entered into agreement to acquire Cullgen to gain targeted protein degradation platform and pipeline; transaction anticipated to close in the second quarter of 2026 Alignment with China’s Center for Drug Evaluation (CDE) on conditional approval filing and priority review eligibility for Hydronidone, subject to formal approval; New Drug Application (NDA) submission for conditional approval expected in the first half of 2026 Completed patient enrollment in the 52-week Phase 3 pirfenidone pneumoconiosis (PD) trial (272 patients across 18 sites) Hydronidone U.S. Investigational New Drug (IND) application for MASH-associated liver fibrosis anticipated in 2026 SAN DIEGO, March 12, 2026 (GLOBE NEWSWIRE) -- Gyre Therapeutics (Gyre or the Company) (Nasdaq: GYRE), an innovative, commercial-stage biopharmaceutical company dedicated to advancing fibrosis-first therapies across organ systems affected by chronic disease, today announced financial results for the fourth quarter and full year ended December 31, 2025 and provided a business update. “2026 is expected to be a pivotal regulatory year for Gyre as we advance Hydronidone toward conditional approval in China following our alignment with China’s CDE,” said Ping Zhang, Executive Chairman and Interim Chief Executive Officer of Gyre Therapeutics. “Our planned NDA submission in the first half of 2026 underscores the strength of our Phase 3 data and the constructive progress achieved through regulatory engagement. In addition, we have completed enrollment in our 52-week Phase 3 pirfenidone trial in pneumoconiosis, further strengthening our late-stage respiratory portfolio. We have also incorporated the complete Phase 2 and Phase 3 clinical data from our CHB-associated liver fibrosis program into our U.S. development strategy and expect to submit an IND application in 202...
SHENZHEN, China, March 12, 2026 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Financial Highlights: Total revenues were US$143.3 million, representing an increas...
SHENZHEN, China, March 12, 2026 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Financial Highlights: Total revenues were US$143.3 million, representing an increase of 70.0% year-over-year. Subscription revenues were US$42.1 million, representing an increase of 22.4% year-over-year. Live-streaming and other internet value-added services (“Live-streaming and other IVAS”) revenues were US$55.1 million, representing an increase of 102.8% year-over-year. Cloud computing revenues were US$46.1 million, representing an increase of 102.7% year-over-year. Gross profit was US$61.7 million, representing an increase of 41.5% year-over-year, and gross profit margin was 43.0% in the fourth quarter, compared with 51.7% in the same period of 2024. Net loss was US$228.9 million in the fourth quarter, compared with net loss of US$9.9 million in the same period of 2024. Non-GAAP net income 1 was US$4.8 million in the fourth quarter, compared with non-GAAP net income of US$11.3 million in the same period of 2024. was US$4.8 million in the fourth quarter, compared with non-GAAP net income of US$11.3 million in the same period of 2024. Diluted loss per ADS was US$3.64 in the fourth quarter, compared with diluted loss per ADS of US$0.16 in the same period of 2024. Non-GAAP diluted earnings per ADS2 were US$0.08 in the fourth quarter, compared with non-GAAP diluted earnings of US$0.18 in the same period of 2024. Full Year 2025 Financial Highlights: Total revenues were US$462.4 million, representing an increase of 42.5% from 2024. Subscription revenues were US$154.8 million, representing an increase of 15.8% from 2024. Live-streaming and other IVAS revenues were US$170.2 million, representing an increase of 97.5% from 2024. Cloud computing revenues were US$1...
TORONTO, March 12, 2026 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE/TSX: MUX) today announced its fourth quarter (Q4) and full year results for the period ended December 31, 2025, along with an update on its development projects as the Company looks to increase production to 250,000 – 300,000 GEOs by 2030, while lowering costs and extending mine life across operations. “With gold and silver trading near...
TORONTO, March 12, 2026 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE/TSX: MUX) today announced its fourth quarter (Q4) and full year results for the period ended December 31, 2025, along with an update on its development projects as the Company looks to increase production to 250,000 – 300,000 GEOs by 2030, while lowering costs and extending mine life across operations. “With gold and silver trading near record highs, we reported significant Net Income and Adjusted EBITDA for Q4 and the full year 2025. Our Q4 operating and financial performance positions us to potentially generate $80 million in free cash flow from our 100%-owned operations, and more than $50 million in dividends from our 49% ownership in the San José Mine during 2026. This strong cash flow will enable us to accelerate our plans to double production. At the same time, we are advancing Los Azules, one of the world’s largest undeveloped copper deposits. We received approval to enter RIGI – Argentina’s Large Infrastructure Investment Incentive Regime, which grants us 30 years of regulatory stability, access to international arbitration in the event of disputes, a significantly lower tax rate, along with removed exchange controls. RIGI is a game changer for Argentina’s mining sector and for projects that qualify under the program. We also released a strong feasibility study at the end of last quarter that outlines a base case scenario with a 22-year project life, average copper production of 205 ktpa in the first five years, and 148 ktpa of copper cathodes over the life of the asset. Our study also highlights the potential for an additional 33 years of mine life at 141 ktpa copper production. At a copper price of $4.35 per pound (base case), Los Azules has an after-tax NPV (8%) of $2.9 billion, or approximately $23 per attributable MUX share. At $5.80 per pound, the after-tax NPV (8%) increases to $6.3 billion, or approximately $49 per share. These results demonstrate the potential for Los Azules to become a g...
Flash floods are among the deadliest weather events in the world, killing more than 5,000 people each year. They’re also among the most difficult to predict. But Google thinks it has cracked that problem in an unlikely way — by reading the news. While humans have assembled a lot of weather data, flash floods are too short-lived and localized to be measured comprehensively, the way the temperature ...
Flash floods are among the deadliest weather events in the world, killing more than 5,000 people each year. They’re also among the most difficult to predict. But Google thinks it has cracked that problem in an unlikely way — by reading the news. While humans have assembled a lot of weather data, flash floods are too short-lived and localized to be measured comprehensively, the way the temperature or even river flows are monitored over time. That data gap means that deep learning models, which are increasingly capable of forecasting the weather, aren’t able to predict flash floods. To solve that problem, Google researchers used Gemini — Google’s large language model — to sort through 5 million news articles from around the world, isolating reports of 2.6 million different floods, and turning those reports into a geo-tagged time series dubbed “Groundsource.” It’s the first time that the company has used language models for this kind of work, according to Gila Loike, a Google Research product manager. The research and data set was shared publicly Thursday morning. With Groundsource as a real-world baseline, the researchers trained a model built on a Long Short-Term Memory (LSTM) neural network to ingest weather global forecasts and generate the probability of flash floods in a given area. Google’s flash flood forecasting model is now highlighting risks for urban areas in 150 countries on the company’s Flood Hub platform, and sharing its data with emergency response agencies around the world. António José Beleza, an emergency response official at the Southern African Development Community who trialed the forecasting model with Google, said it helped his organization respond to floods more quickly. There are still limitations to the model. For one, it is fairly low resolution, identifying risk across 20-square-kilometer areas. And it is not as precise as the US National Weather Service’s flood alert system, in part because Google’s model doesn’t incorporate local radar d...
Utilidata and NexGen Cloud Partner to Scale AI Compute by Unlocking Stranded Energy Ann Arbor, MI, March 12, 2026 (GLOBE NEWSWIRE) -- Utilidata , a leader in embedded AI for power infrastructure, and NexGen Cloud , Europe’s leading AI cloud provider, today announced the deployment of the Karman AI power control platform across NexGen Cloud’s data centers. The collaboration is designed to increase ...
Utilidata and NexGen Cloud Partner to Scale AI Compute by Unlocking Stranded Energy Ann Arbor, MI, March 12, 2026 (GLOBE NEWSWIRE) -- Utilidata , a leader in embedded AI for power infrastructure, and NexGen Cloud , Europe’s leading AI cloud provider, today announced the deployment of the Karman AI power control platform across NexGen Cloud’s data centers. The collaboration is designed to increase available AI compute capacity within existing grid constraints, targeting up to 50% additional usable capacity through intelligent GPU power orchestration and utilization of stranded energy. The initiative also strengthens infrastructure resilience by introducing real-time, AI-driven power optimisation at the rack level. Karman runs on a custom NVIDIA module and acts as the intelligence layer for next-generation power infrastructure, dynamically balancing performance, efficiency, and reliability across AI workloads. The initial deployment is a showcase data center facility in Montreal before a broader rollout across NexGen Cloud’s European operations. For its enterprise customers, the partnership will enable NexGen Cloud’s full stack AI cloud platform, Hyperstack, to deliver more AI capacity, at a lower price, and with enhanced power-related services for its customers. The partnership enables Hyperstack to drive superior energy performance through Karman as part of its ambitious secure private cloud expansion — including planned AI Factory deployments across North America and the Nordics, with capacity reaching hundreds of megawatts — and will extend these benefits to users of the Hyperstack on-demand compute service for AI, machine learning, and visualization applications. “Power is the single biggest constraint for AI growth today. Billions of dollars of existing capacity are underutilized in data centers worldwide,” said Josh Brumberger, Utilidata CEO. “Karman unlocks that trapped capacity immediately while ensuring new data centers are optimized from day one. We’re exci...
Follow Exxon Mobil on Seeking Alpha! Learn more about Seeking Alpha Quant Ratings Get Started With Seeking Alpha Premium Now This video's transcript was generated by a third party. It is not curated or reviewed and is provided for convenience and information purposes only. The accuracy and completeness of the transcript are not guaranteed. Welcome to 2 Minute Analysis. Our goal is to not only ente...
Follow Exxon Mobil on Seeking Alpha! Learn more about Seeking Alpha Quant Ratings Get Started With Seeking Alpha Premium Now This video's transcript was generated by a third party. It is not curated or reviewed and is provided for convenience and information purposes only. The accuracy and completeness of the transcript are not guaranteed. Welcome to 2 Minute Analysis. Our goal is to not only entertain, but provide value and insights about the investments you care about. Today's episode is from this request. So, let's throw 2 minutes on the clock and dive in. Today, we are diving into Exxon Mobil Corporation, ticker symbol XOM. Kicking things off here with the Quant rating system, it is currently a Hold rating on the stock, and we're going to dive into the metrics in just a moment. Jumping over to Seeking Alpha Analysts, they are currently a Buy on the stock in aggregate, and that's from 18 analysts providing their coverage in the last 30-days. Lastly, Wall Street analysts are a Buy rating on the stock as well, and that's from 25 analysts providing their coverage in the last 90-days. To learn more about how the Seeking Alpha Quant system and Seeking Alpha Analysts outperform the market, visit the link in the description of this video. So, let's dive deeper. This is a $630 billion market capitalization company found in the Energy sector and the Integrated Oil and Gas industry. Let's first dive into the Valuation grade. It is currently a D. And if we look at that EV-to-EBITDA number, it is currently 9.96, compared to the sector at just 7.14. Jumping over to the Growth grade where there's some impact to be seen here, EPS forward long-term growth 3-to-5 year CAGR is 13.56%, compared to the sector at just 8.47%. I also want to highlight that the CapEx growth year-over-year is 16.67%, compared to the sector at just 7.21%. Jumping over to the Profitability where this company really shines, cash from operations is $51.97 billion, compared to the sector at just $552.4 millio...
Douglas Rissing/iStock via Getty Images Fund Commentary For most of the final quarter of 2025, the macroeconomic landscape was shaped as much by what investors couldn't see as by what they could. The U.S. government shutdown—lasting a record 43 days—created a significant information vacuum just as markets sought clarity on growth, inflation, and policy trajectories. Despite the data fog, the globa...
Douglas Rissing/iStock via Getty Images Fund Commentary For most of the final quarter of 2025, the macroeconomic landscape was shaped as much by what investors couldn't see as by what they could. The U.S. government shutdown—lasting a record 43 days—created a significant information vacuum just as markets sought clarity on growth, inflation, and policy trajectories. Despite the data fog, the global macro backdrop proved “good enough” for risk assets. Global growth held firm, inflation stayed sticky but avoided more disruptive outcomes, and most central banks leaned more accommodative than hawkish. In the U.S., elevated downside labor market risk kept U.S. Federal Reserve (“Fed”) easing in play, leading to rate cuts even as the economy expanded. However, policymaker dissents emerged as the Fed Funds rate approached the Federal Open Market Committee’s neutral estimate. International markets—particularly Japan and parts of Europe—offered broadly supportive signals, though political uncertainty occasionally weighed on European sentiment. Since mid-2024, most major developed market central banks have cut rates by 150-200 basis points (1.50%-2.00%) or more, meaning some could be close to the end of their easing cycle. The Bank of Japan remains on a separate trajectory with a gradual pace of rate hikes from a highly accommodative starting point, including two in 2025 and two more expected in 2026. Overall, the global tariff environment proved less disruptive than earlier fears. U.S. monthly tariff collections rose but remained well below levels implied by announced policies, while statutory rates edged lower as deals and exemptions took hold. Still, investors monitored persistent trade-related risks alongside other potential headwinds, including slower AI investment, labor market softening, bond market volatility tied to inflation or fiscal stress, and ongoing risk of geopolitical shocks. Financial markets capped a strong 2025 with 4Q gains across both equities and fixed i...
Worawith Ounpeng/iStock via Getty Images Commentary as of 12/31/25 The fund posted returns of 0.99% (Institutional shares) and 0.93% (Investor A shares, without sales charge) for the fourth quarter of 2025. Agency mortgage-backed securities ( MBS ), structured products, and U.S. investment-grade credit contributed to performance. Duration positioning (management of interest rate sensitivity) and e...
Worawith Ounpeng/iStock via Getty Images Commentary as of 12/31/25 The fund posted returns of 0.99% (Institutional shares) and 0.93% (Investor A shares, without sales charge) for the fourth quarter of 2025. Agency mortgage-backed securities ( MBS ), structured products, and U.S. investment-grade credit contributed to performance. Duration positioning (management of interest rate sensitivity) and emerging market debt detracted. During the quarter, the fund moved to an overweight duration position, which was concentrated in the front and the “belly” of the yield curve. The overweight allocation to agency MBS was increased and U.S. investment-grade credit exposure was moved to overweight. The fund favored high-quality securitized assets and was selective in emerging markets. Contributors Detractors The overweight position in agency MBS contributed as spreads continued to tighten amid strong technical support. The allocation to structured products was beneficial, driven by both tighter spreads and the attractive income generated from this segment of the market. Security selection in U.S. investment-grade credit also contributed. Duration positioning detracted, particularly the overweight exposure to the front and the belly of the yield curve. This portion of the curve sold off in October due to investor perceptions of a hawkish Federal Reserve (Fed). The fund’s long Australian rates exposure and Japanese rates “flattener” positioning (short exposure at the front end of the yield curve and long position further out) weighed on returns. In addition, the emerging market debt allocation slightly detracted, notably in Latin America. Click to enlarge Further insight During the quarter, the duration position was increased to overweight (6.15 years versus the benchmark’s 5.79 years). The fund built a U.S. rate-steepening bias throughout the quarter, holding an overweight exposure to the front and the belly of the yield curve while moving to an underweight position further out. ...
MartinPrescott/iStock Unreleased via Getty Images The BBC faces a real-terms freeze in funding for the World Service from the UK government as part of an agreement close to being struck to pay for the broadcasting platform, the Financial Times reported on Thursday. With less than three weeks before a new budget needs to start, the government is in final negotiations over a deal that is expected to...
MartinPrescott/iStock Unreleased via Getty Images The BBC faces a real-terms freeze in funding for the World Service from the UK government as part of an agreement close to being struck to pay for the broadcasting platform, the Financial Times reported on Thursday. With less than three weeks before a new budget needs to start, the government is in final negotiations over a deal that is expected to set an inflationary increase in funding for the World Service, according to two people familiar with the talks. A deal could be announced as early as next week, they said. The global news provider operates in more than 40 languages and reaches close to 420M people on average every week. The World Service is seen as an important part of the UK’s “soft power,” while BBC executives say it has become a crucial way of countering the rise of disinformation from countries such as Russia by sharing impartial, accurate journalism, the report said. A deal that could see funding remain more or less flat in real terms after inflation will disappoint some in the BBC, who had hoped for a significant increase in its funding to tackle the proliferation of fake news and media propaganda in countries with poor press freedom. However, others are realistic that the government was unlikely to commit to a large rise in money for the service at a time when it was cutting back overseas aid, the FT report added. People close to the talks said the deal had not been finalised and could still change. There are still worries that the BBC could see funding cut for the service. BBC director-general Tim Davie has made securing a deal for the World Service a key goal before he stands down next month. Davie, who resigned amid a scandal over a "badly edited" documentary about U.S. President Donald Trump, will be speaking on the future of the BBC and the Charter process at the Royal Television Society on Thursday. The British Broadcasting Corporation earlier this year outlined its initial defense against Pre...