A global data leak involving learning platform Canvas has exposed the personal information of more than 72,000 students and staff across Hong Kong educational institutions, with authorities warning of further threats targeting those affected. As of Tuesday, seven local educational institutions had reported data breaches to the Privacy Commissioner for Personal Data, including major universities su...
A global data leak involving learning platform Canvas has exposed the personal information of more than 72,000 students and staff across Hong Kong educational institutions, with authorities warning of further threats targeting those affected. As of Tuesday, seven local educational institutions had reported data breaches to the Privacy Commissioner for Personal Data, including major universities such as the Hong Kong University of Science and Technology (HKUST), Polytechnic University and City...
Global funds came back to emerging markets in April with an inflow of US$58.3 billion, which is expected to continue in coming months amid the recovery from the previous geopolitical panic. It comes as the reignited enthusiasm in AI has started drawing some global funds back to US stocks, but analysts said mainland and Hong Kong markets may benefit from the upcoming Trump-Xi meeting. According to ...
Global funds came back to emerging markets in April with an inflow of US$58.3 billion, which is expected to continue in coming months amid the recovery from the previous geopolitical panic. It comes as the reignited enthusiasm in AI has started drawing some global funds back to US stocks, but analysts said mainland and Hong Kong markets may benefit from the upcoming Trump-Xi meeting. According to a report by the Institute of International Finance (IIF), the April non-resident portfolio growth in...
Good morning . Keir Starmer faces growing pressure to step down. South Korea roils markets with talk of an AI tax. And the mayor of an affluent Los Angeles suburb resigns after admitting to being a foreign agent for China. Listen to the day’s top stories . — Lily Nonomiya Market Snapshot WTI crude oil futures $98.93 +0.9% Nasdaq 100 futures 29,281.25 -0.5% Market data as of 06:43 AM GMT. Data is s...
Good morning . Keir Starmer faces growing pressure to step down. South Korea roils markets with talk of an AI tax. And the mayor of an affluent Los Angeles suburb resigns after admitting to being a foreign agent for China. Listen to the day’s top stories . — Lily Nonomiya Market Snapshot WTI crude oil futures $98.93 +0.9% Nasdaq 100 futures 29,281.25 -0.5% Market data as of 06:43 AM GMT. Data is subject to provider delays. Keir Starmer is facing growing pressure to step down as Britain’s prime minister after dozens of Members of Parliament, including Cabinet allies, joined calls for him to set out a timetable for his departure. Those privately urging Starmer to consider handing control to a successor include Home Secretary Shabana Mahmood, according to people familiar. Asset manager Schroders is avoiding UK bonds on concerns that Starmer could be ousted in favor of a leader who would increase fiscal spending, while punters see Greater Manchester Mayor Andy Burnham as a lead contender to replace him. The ceasefire between the US and Iran reached a particularly precarious moment as Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer. He called Iran’s response to his proposal a “piece of garbage” and said he “didn’t even finish reading it.” The standoff has also strained relations with China, with Trump slated to meet President Xi Jinping in Beijing this week. German Chancellor Friedrich Merz is seeking to reverse his beleaguered government’s fortunes by getting an ambitious reform agenda back on track amid plummeting public support. Merz’s Christian Democratic-led conservatives and the Social Democrats will meet today to try to find consensus on a plan to overhaul the country’s tax and pension system. South African President Cyril Ramaphosa said he would contest a report that criticized his handling of a robbery at his farm in 2020 after a ruling by the nation’s top court resurrected the scandal, and rejected cal...
Oxford Club's Marc Lichtenfeld identifies three stocks worth selling in May—DexCom, Colgate-Palmolive, and Oracle—and breaks down the risks behind each call.
Oxford Club's Marc Lichtenfeld identifies three stocks worth selling in May—DexCom, Colgate-Palmolive, and Oracle—and breaks down the risks behind each call.
Vodafone Group Plc reported organic revenue growth last quarter that beat analysts’ expectations as the operator accelerates a pivot to focus on its biggest markets in Germany and the UK. Organic service revenues grew 5.1% in the fourth fiscal quarter, the Newbury, England-based carrier said in a report Tuesday. That compares to the average analyst estimate of 4.9% growth, according to data compil...
Vodafone Group Plc reported organic revenue growth last quarter that beat analysts’ expectations as the operator accelerates a pivot to focus on its biggest markets in Germany and the UK. Organic service revenues grew 5.1% in the fourth fiscal quarter, the Newbury, England-based carrier said in a report Tuesday. That compares to the average analyst estimate of 4.9% growth, according to data compiled by Bloomberg. “After the transformation of the last three years, we are now a simpler company with a stronger growth outlook,” Vodafone Chief Executive Officer Margherita Della Valle said in the statement. “We returned to top line growth in Germany, alongside strong performances across Africa and in Türkiye.” Since taking the helm in 2023, Della Valle has shifted Vodafone’s strategy to prioritize key markets, while withdrawing from countries where it had a smaller presence. Last week, Vodafone announced a £4.3 billion ($5.9 billion) deal to buy out CK Hutchison Holdings Ltd .’s stake in VodafoneThree, a move that will give it full control over the UK’s biggest operator. Under Della Valle, Vodafone has become a key player in the consolidation of Europe’s telecom sector, where earnings have been held back by market fragmentation and intense competition. The telecommunications industry in Europe and the UK has argued that companies need scale to benefit from investments in network infrastructure after struggling to pass on costs for upgrades to 5G standards to customers. While German competitor Deutsche Telekom AG and BT Group Plc in the UK have doubled down on building out infrastructure, Vodafone is focused on an asset-light, software-driven model. It has monetized its towers through carve outs, including selling down its stake in Vantage Towers , while collaborating on data centers through partnerships with technology heavyweights, like Microsoft Corp. and Amazon.com Inc . Della Valle has sold businesses in Italy and Spain, as well as a stake in the Dutch operator Vodafo...
There's no doubt about it: markets are volatile, and investors are nervous. Equity valuations are near the highest levels seen in decades, interest rates are still elevated, and geopolitical tension is feeding into energy volatility and risk sentiment. Put all of that together, and you have a scenario that does not breed confidence. Continue reading
There's no doubt about it: markets are volatile, and investors are nervous. Equity valuations are near the highest levels seen in decades, interest rates are still elevated, and geopolitical tension is feeding into energy volatility and risk sentiment. Put all of that together, and you have a scenario that does not breed confidence. Continue reading