Economic growth in the Czech Republic is becoming more robust after a stronger-than-expected expansion last year, according to the central bank. Gross domestic product increased 2.6% in the fourth quarter from a year earlier, compared with the central bank’s 2.5% forecast, data published on Tuesday showed. Household spending, government consumption and investments all beat the bank’s projections. ...
Economic growth in the Czech Republic is becoming more robust after a stronger-than-expected expansion last year, according to the central bank. Gross domestic product increased 2.6% in the fourth quarter from a year earlier, compared with the central bank’s 2.5% forecast, data published on Tuesday showed. Household spending, government consumption and investments all beat the bank’s projections. “Household consumption reached a milestone by exceeding its peak observed in late 2019 for the first time, thus rising above the pre-Covid level,” Petr Sklenar, the central bank’s chief economist, said in a statement . The Czech economy took longer than its neighbors to shake off the impact of the coronavirus pandemic after a period of high inflation and tight monetary policy weighed on household spending. The central bank sees full-year GDP growth accelerating to close to 3% this year after 2.6% in 2025. Key components of demand contributed to the “favorable” growth result in the fourth quarter, with a decline in inventories representing the only exception, according to the central bank. Still, a prolonged conflict in the Middle East and the resulting impact of higher energy costs and potential global supply chain disruptions pose a downside risk to the outlook, according to Radomir Jac , chief economist at Generali Investments CEE.
Anton Vierietin/iStock via Getty Images Introduction The last time I covered The Boston Beer Company ( SAM ), I rated them a Strong Buy thanks to their spotless balance sheet, very strong (nearly) double-digit buyback yield, and solid cash flow generation despite the ongoing industry headwinds, adding them to my portfolio. Following a solid report and still strong recovery potential in the upcomin...
Anton Vierietin/iStock via Getty Images Introduction The last time I covered The Boston Beer Company ( SAM ), I rated them a Strong Buy thanks to their spotless balance sheet, very strong (nearly) double-digit buyback yield, and solid cash flow generation despite the ongoing industry headwinds, adding them to my portfolio. Following a solid report and still strong recovery potential in the upcoming years, I continue rating SAM a Strong Buy, as the company remains in a very good financial position and should be able to benefit from long-term trends with a "future-ready" portfolio. Internal Developments The Boston Beer Company IR SAM’s Q4 report and 2025 were solid overall, beating the market’s EPS and revenue estimates and delivering a free cash flow of $215.6 million in 2025 (a solid increase vs. $172.62 million in 2024), which was slightly above the $210 million I estimated previously. This led to a very strong FCF per share of $19.71 in 2025 compared to $14.67 in 2024, meaning a ~34.36% increase, helped by a drop in CAPEX combined with higher OCF despite the ongoing macro pressures. Not only that, but that performance comes despite a $10.1 million negative impact from tariffs, while the company advanced the expansion of their Sun Cruiser RTD spirit brand (which they expect to be revenue and margin accretive). The Boston Beer Company IR Regarding the guidance, SAM sees flat to down mid-single digits in depletions and shipments while expecting an increase in tariffs to $20 million to $30 million (note, however, that this came before the Supreme Court’s decision, so things might be different), while the CAPEX is expected to reach between $70 million and $90 million. That's a significant increase in CAPEX compared to 2025’s $54.56 million, as the company is aiming at investing in their capacity and efficiency, which I believe is a great move, preparing them for a potential recovery in demand. The Boston Beer Company IR Financially, based on SAM’s latest report , we co...
NRG Energy ( NRG ) said certain LS Power affiliates are selling 14.3M shares of NRG stock at $164 per share in a public offering. The sale is expected to raise about $2.35B for the selling shareholders, before fees. These shares were part of the consideration LS Power received from NRG as part of NRG’s acquisition of LS Power portfolio assets, which closed on January 30, 2026. The deal is expected...
NRG Energy ( NRG ) said certain LS Power affiliates are selling 14.3M shares of NRG stock at $164 per share in a public offering. The sale is expected to raise about $2.35B for the selling shareholders, before fees. These shares were part of the consideration LS Power received from NRG as part of NRG’s acquisition of LS Power portfolio assets, which closed on January 30, 2026. The deal is expected to close on March 4, 2026. The underwriters also have a 30-day option to buy up to an additional 2.145 million shares. Barclays and Citigroup are acting as joint book-running managers for the secondary offering. J.P. Morgan and RBC Capital Markets are also acting as bookrunners, and BMO Capital Markets, Mizuho, MUFG, Scotiabank, and SMBC Nikko are acting as co-managers for the secondary offering. In addition, NRG has entered into an agreement with LS Power to repurchase $300M of its common stock in a private transaction at the price per share equal to the public offering price. NRG shares fell 5.3% premarket at $166.35. More on NRG Energy NRG Energy, Inc. (NRG) Q4 2025 Earnings Call Transcript NRG Energy, Inc. 2025 Q4 - Results - Earnings Call Presentation NRG Energy: Positioned To Monetize The AI Power Boom NRG Energy launches 12.3M-share secondary offering; LS Power seeks to raise $2.1B in sale NRG Energy reinstated Outperform at Evercore as positioned to monetize tight ERCOT balance
Mourning in the Middle East and Holi celebrations in India: Photos of the day – Tuesday The Guardian’s picture editors select photographs from around the world Minab, Iran Graves are prepared for the young victims of an Israeli-US strike, according to a photograph released by the Iranian foreign media department. Photograph: AP
Mourning in the Middle East and Holi celebrations in India: Photos of the day – Tuesday The Guardian’s picture editors select photographs from around the world Minab, Iran Graves are prepared for the young victims of an Israeli-US strike, according to a photograph released by the Iranian foreign media department. Photograph: AP
AutoZone (AZO) came out with quarterly earnings of $27.63 per share, beating the Zacks Consensus Estimate of $27.1 per share. This compares to earnings of $28.29 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.94%. A quarter ago, it was expected that this auto parts retailer would post earnings of $32.24 per shar...
AutoZone (AZO) came out with quarterly earnings of $27.63 per share, beating the Zacks Consensus Estimate of $27.1 per share. This compares to earnings of $28.29 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.94%. A quarter ago, it was expected that this auto parts retailer would post earnings of $32.24 per share when it actually produced earnings of $31.04, delivering a surprise of -3.72%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. AutoZone, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $4.27 billion for the quarter ended February 2026, missing the Zacks Consensus Estimate by 0.82%. This compares to year-ago revenues of $3.95 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. AutoZone shares have added about 14.5% since the beginning of the year versus the S&P 500's gain of 0.5%. What's Next for AutoZone? While AutoZone has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revi...
Huawei Atlas 950 and TaiShan 950 SuperPoDs unveiled globally at MWC 2026 Atlas 950 links up to 8,192 Ascend NPUs into a single logical AI system Huawei enters AI infrastructure race with full-stack platform to rival Nvidia and AMD At MWC 2026, Huawei unveiled its Atlas 950 and TaiShan 950 SuperPoDs to a global audience for the first time, expanding its largest AI computing clusters beyond the Chin...
Huawei Atlas 950 and TaiShan 950 SuperPoDs unveiled globally at MWC 2026 Atlas 950 links up to 8,192 Ascend NPUs into a single logical AI system Huawei enters AI infrastructure race with full-stack platform to rival Nvidia and AMD At MWC 2026, Huawei unveiled its Atlas 950 and TaiShan 950 SuperPoDs to a global audience for the first time, expanding its largest AI computing clusters beyond the Chinese market. AI models are now measured in trillions of parameters, and agentic systems are beginning to run inside real production environments. Scaling those workloads by simply adding more servers is becoming inefficient, with coordination overhead and latency limiting performance in very large clusters. Atlas 950 is built around up to 8,192 Ascend NPUs connected through Huawei’s UnifiedBus interconnect. Instead of operating as thousands of loosely linked accelerators, the system is engineered to behave as a single logical computer, reducing communication delays between processors during large training runs. TaiShan 950 SuperPoD At full configuration, the system is rated for up to 8 exaflops of FP8 performance and 16 exaflops in lower-precision formats. It spans roughly 160 cabinets across close to 1,000 square meters, supports more than a petabyte of memory, and delivers 16.3PB/s of interconnect bandwidth. That level of scale targets large model training and high-throughput inference workloads. The TaiShan 950 SuperPoD, also shown off at MWC 2026, extends the same architectural approach to general-purpose computing, targeting enterprise data center workloads beyond dedicated AI training. Are you a pro? Subscribe to our newsletter Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed! Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors TaiShan 500 and TaiShan 200 servers round out the portfolio at lower performance tiers. The gl...
On Feb. 25, Nvidia (NVDA +3.04%) delivered its highly anticipated fourth-quarter fiscal 2026 earnings report. Despite sky-high expectations, Nvidia continues to produce impeccable results quarter after quarter. But with the stock up so much in just a few years, some investors may be concerned that Nvidia is priced for perfection. Let's contextualize Nvidia's record year and potential to see if the...
On Feb. 25, Nvidia (NVDA +3.04%) delivered its highly anticipated fourth-quarter fiscal 2026 earnings report. Despite sky-high expectations, Nvidia continues to produce impeccable results quarter after quarter. But with the stock up so much in just a few years, some investors may be concerned that Nvidia is priced for perfection. Let's contextualize Nvidia's record year and potential to see if the growth stock is still a buy now. Nvidia's record year Nvidia's stock price has soared 724% in just four years -- crushing the S&P 500, Nasdaq Composite, and tech sector by a wide margin. At first glance, it looks like a bubble on the brink of bursting. But Nvidia's results back up the stock's move. In just four years, Nvidia has gone from less than $5 billion in net income to $120.1 billion -- making it the second most profitable company in the world, behind Alphabet. Its revenue and net income have grown faster than its stock price, and Nvidia is still converting over $0.55 of every dollar in sales into after-tax net income. Metric (GAAP) Fiscal 2023 Fiscal 2024 Fiscal 2025 Fiscal 2026 Revenue $27 billion $60.9 billion $130.5 billion $215.9 billion Gross margin 56.9% 72.7% 75% 71.1% Operating margin 15.6% 53.2% 62.5% 60.6% Net income $4.4 billion $29.8 billion $72.9 billion $120.1 billion Net profit margin 16.3% 48.9% 55.8% 55.6% Thanks to strong demand for its Blackwell and Rubin chips, Nvidia is guiding for $78 billion in first-quarter fiscal 2027 revenue and 75% GAAP gross margin. That would be a 14.5% quarter-over-quarter increase and a staggering 76.9% increase from the first quarter of fiscal 2026. Expand NASDAQ : NVDA Nvidia Today's Change ( 3.04 %) $ 5.38 Current Price $ 182.57 Key Data Points Market Cap $4.4T Day's Range $ 174.65 - $ 183.46 52wk Range $ 86.62 - $ 212.19 Volume 205K Avg Vol 175M Gross Margin 71.07 % Dividend Yield 0.02 % A concentrated customer base Nvidia's results and near-term guidance are nothing short of extraordinary. However, some investors...
Key Points Nvidia continues to grow earnings at an unprecedented pace. Nvidia's key customers are spending even more on AI. Competition hasn't eroded Nvidia's margins. 10 stocks we like better than Nvidia › On Feb. 25, Nvidia (NASDAQ: NVDA) delivered its highly anticipated fourth-quarter fiscal 2026 earnings report. Despite sky-high expectations, Nvidia continues to produce impeccable results quar...
Key Points Nvidia continues to grow earnings at an unprecedented pace. Nvidia's key customers are spending even more on AI. Competition hasn't eroded Nvidia's margins. 10 stocks we like better than Nvidia › On Feb. 25, Nvidia (NASDAQ: NVDA) delivered its highly anticipated fourth-quarter fiscal 2026 earnings report. Despite sky-high expectations, Nvidia continues to produce impeccable results quarter after quarter. But with the stock up so much in just a few years, some investors may be concerned that Nvidia is priced for perfection. Let's contextualize Nvidia's record year and potential to see if the growth stock is still a buy now. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Nvidia's record year Nvidia's stock price has soared 724% in just four years -- crushing the S&P 500, Nasdaq Composite, and tech sector by a wide margin. At first glance, it looks like a bubble on the brink of bursting. But Nvidia's results back up the stock's move. In just four years, Nvidia has gone from less than $5 billion in net income to $120.1 billion -- making it the second most profitable company in the world, behind Alphabet. Its revenue and net income have grown faster than its stock price, and Nvidia is still converting over $0.55 of every dollar in sales into after-tax net income. Metric (GAAP) Fiscal 2023 Fiscal 2024 Fiscal 2025 Fiscal 2026 Revenue $27 billion $60.9 billion $130.5 billion $215.9 billion Gross margin 56.9% 72.7% 75% 71.1% Operating margin 15.6% 53.2% 62.5% 60.6% Net income $4.4 billion $29.8 billion $72.9 billion $120.1 billion Net profit margin 16.3% 48.9% 55.8% 55.6% Thanks to strong demand for its Blackwell and Rubin chips, Nvidia is guiding for $78 billion in first-quarter fiscal 2027 revenue and 75% GAAP gross margin. That would be a 14.5% quarter-over-quarter increase and a staggering ...
Israel Opens Second Front On Day 4 Of Trump's Iran War As IRGC Refuses To Back Down Israeli and US forces pressed forward with their assault on Iran, striking targets across the country, including Iran's state broadcaster and central military command centers, as the official death toll has climbed to 787 Iranians killed since the start of the Trump-ordered Operation Epic Fury. The US has sustained...
Israel Opens Second Front On Day 4 Of Trump's Iran War As IRGC Refuses To Back Down Israeli and US forces pressed forward with their assault on Iran, striking targets across the country, including Iran's state broadcaster and central military command centers, as the official death toll has climbed to 787 Iranians killed since the start of the Trump-ordered Operation Epic Fury. The US has sustained at least six troop deaths and several more seriously wounded. Fears that this could open to a broader multi-front war appear to be coming to reality, as at the same time Israel escalated operations on a second front, intensifying airstrikes on Lebanon and launching a new ground incursion into the south . Beirut is once again under Israeli bombs , after Israel accused Hezbollah of firing rockets on the north. What's more is that Kann News is citing a senior Israeli official as follows: We assess that Saudi Arabia will attack Iran soon after it was attacked yesterday . The war is expanding. Beirut on fire, via AP The conflict has continued to spread across the Gulf. Saudi authorities said two drones struck the US Embassy in Riyadh , igniting a small fire and causing minor damage. However, there's been surprisingly little information or video to come out of this major incident. Qatar has formally joined the war on the US-Israeli side , having already said it took out a pair of Iranian jets. The tiny oil and gas rich GCC country Foreign Ministry stated that "the two Iranian planes shot down by Qatar yesterday were flying toward Doha and were warned before being shot down. Qatar is searching for the pilots ." Iran has continued its retaliation by targeting energy infrastructure across the Gulf, driving global oil and gas prices sharply higher. As we reported previously, Qatar's state-owned petroleum company suspended all LNG production after two of its facilities were hit. The status of the vital Strait of Hormuz remains a big unknown , with Iran's Revolutionary Guard Corps (IR...
The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB 0.21%) and Vanguard Short-Term Treasury ETF (VGSH 0.19%) both target the short-duration bond segment, but IGSB provides more yield and corporate bond exposure, while VGSH is lower-cost and more conservative with pure Treasury holdings. Both IGSB and VGSH aim to deliver stable returns from short-term bonds, but their risk and reward pro...
The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB 0.21%) and Vanguard Short-Term Treasury ETF (VGSH 0.19%) both target the short-duration bond segment, but IGSB provides more yield and corporate bond exposure, while VGSH is lower-cost and more conservative with pure Treasury holdings. Both IGSB and VGSH aim to deliver stable returns from short-term bonds, but their risk and reward profiles diverge due to different portfolio focuses. This comparison looks at cost, performance, risk, and portfolio construction to help investors decide which approach may better fit their needs. Snapshot (cost & size) Metric VGSH IGSB Issuer Vanguard IShares Expense ratio 0.03% 0.04% 1-yr return (as of Feb. 27, 2026) 4.88% 6.56% Dividend yield 4% 4.43% Beta 0.26 0.41 AUM $31.7 billion $22.5 billion VGSH is more affordable by a slim margin, but IGSB stands out for its higher yield, which could appeal to investors seeking extra income without a significant jump in cost. Performance & risk comparison Metric VGSH IGSB Max drawdown (5 y) -5.7% -9.46% Growth of $1,000 over 5 years $958 $970 What's inside IGSB tracks investment-grade U.S. corporate bonds with maturities of one to five years, resulting in a portfolio of 4,504 holdings. Top allocations each make up less than 0.5% of assets. This broad diversification means no single issuer dominates, but investors are exposed to corporate credit risk, not just interest rate changes. Expand NASDAQ : IGSB iShares Trust - iShares 1-5 Year Investment Grade Corporate Bond ETF Today's Change ( -0.21 %) $ -0.11 Current Price $ 52.92 Key Data Points Day's Range $ 52.89 - $ 52.97 52wk Range $ 51.49 - $ 53.25 Volume 1.3K VGSH, by contrast, invests exclusively in high-quality U.S. Treasury bonds, with 92 holdings. Its all-government portfolio avoids credit risk, which helps explain its lower volatility and smaller drawdowns compared to IGSB. Expand NASDAQ : VGSH Vanguard Scottsdale Funds - Vanguard Short-Term Treasury ETF Today's Change ( -0.1...
Credo Technology (NASDAQ:CRDO) just posted the kind of quarter that makes investors stop and pay attention. Now its CEO is telling the world the growth story is far from over. On the heels of a record fiscal third quarter, CEO William Brennan laid out where he sees the company in the year ahead with continued ... Credo CEO Projects 50% Growth Pace for Full Year
Credo Technology (NASDAQ:CRDO) just posted the kind of quarter that makes investors stop and pay attention. Now its CEO is telling the world the growth story is far from over. On the heels of a record fiscal third quarter, CEO William Brennan laid out where he sees the company in the year ahead with continued ... Credo CEO Projects 50% Growth Pace for Full Year
Miramar Capital LLC lifted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 6.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,463 shares of the wireless technology company's stock after purchasing an additional 4,551 shares during the quarter. Qualcomm accounts for 2.8% of Miramar Capita...
Miramar Capital LLC lifted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 6.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,463 shares of the wireless technology company's stock after purchasing an additional 4,551 shares during the quarter. Qualcomm accounts for 2.8% of Miramar Capital LLC's holdings, making the stock its 20th largest position. Miramar Capital LLC's holdings in Qualcomm were worth $12,720,000 as of its most recent SEC filing. A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Qualcomm by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company's stock valued at $18,260,635,000 after acquiring an additional 290,799 shares during the period. State Street Corp raised its stake in Qualcomm by 0.8% in the second quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company's stock valued at $8,547,014,000 after purchasing an additional 420,352 shares in the last quarter. Norges Bank bought a new stake in Qualcomm during the second quarter worth about $2,713,603,000. Amundi grew its stake in Qualcomm by 38.2% during the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company's stock worth $1,866,451,000 after buying an additional 3,186,524 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Qualcomm by 0.8% during the second quarter. Legal & General Group Plc now owns 9,168,731 shares of the wireless technology company's stock worth $1,460,212,000 after buying an additional 74,243 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock. Get Qualcomm alerts: Sign Up Key Headlines Impacting Qualcomm Here are the key news stories impacting Qualcomm this week: Positive Sen...
Trae Young has managed to earn an ejection before even stepping on the court for his new team. Young, who is set to make his debut for the Wizards on Thursday night against the Utah Jazz, was ejected for leaving the bench area in Washington’s 123-118 loss at home to the Houston Rockets. The four-time All-Star, who was acquired from the Atlanta Hawks in early January, stepped on to the court on Mon...
Trae Young has managed to earn an ejection before even stepping on the court for his new team. Young, who is set to make his debut for the Wizards on Thursday night against the Utah Jazz, was ejected for leaving the bench area in Washington’s 123-118 loss at home to the Houston Rockets. The four-time All-Star, who was acquired from the Atlanta Hawks in early January, stepped on to the court on Monday to protest a non-call against Tari Eason in the third quarter and was issued a technical foul and ejection. Eason was also ejected. Young later joked about the incident on social media. “Don’t expect me to get ejected too many more times D.C.😂 .. but I’m definitely bringing that energy & competitiveness when I’m back for my brothers!” he wrote in a post on X. Young has been nursing MCL and quad injuries, and has not played since the end of December. Young announced on social media earlier on Monday that he was targeting Thursday for his return. The Wizards have been one of the worst teams in the NBA over the last decade, and have reached the playoffs just once in the last seven seasons. They hope the recent arrivals of Young, who averages 25.2 points per game over his career, and 10-time All-Star Anthony Davis will revive their fortunes. Davis has been out since January with a hand injury.
Benedetto “Nitto” Santapaola, a Sicilian mafia boss and one of the most dangerous figures in Italian criminal history, has died aged 87. Santapaola, who was widely believed to have been the architect of a campaign of bloodshed that scarred Italy in the 1980s and 1990s, died on Monday in a Milan prison where he was serving multiple life sentences. An autopsy has been ordered. Before his imprisonmen...
Benedetto “Nitto” Santapaola, a Sicilian mafia boss and one of the most dangerous figures in Italian criminal history, has died aged 87. Santapaola, who was widely believed to have been the architect of a campaign of bloodshed that scarred Italy in the 1980s and 1990s, died on Monday in a Milan prison where he was serving multiple life sentences. An autopsy has been ordered. Before his imprisonment, Santapaola was regarded as one of the most powerful figures in the history of the Sicilian mafia, allied with Totò Riina – the self-styled “boss of bosses” – and Bernardo Provenzano, the Cosa Nostra’s most influential leaders. His base was in the city of Catania, from where he exerted control over much of eastern Sicily. Among the atrocities attributed to him was the bombing at Capaci in May 1992, an attack that killed the anti-mafia prosecutor Giovanni Falcone, his wife, Francesca Morvillo, and three of his bodyguards, and sent shockwaves through a country locked in a bitter struggle with organised crime. After more than a decade on the run, Santapaola – nicknamed il cacciatore (the hunter) – was arrested in 1993 at a farmhouse outside Catania alongside his wife, Carmela Minniti. She was shot dead two years later by Giuseppe Ferone, a former member of a rival clan, who said he had acted out of revenge, seeking to inflict on the mafia boss the same pain he had suffered. In 2003, Santapaola was convicted of ordering the 1984 murder of the investigative journalist Giuseppe Fava, who had exposed his criminal empire and political ties. Fava was shot five times in his car in Catania after he had gone to a theatre to watch his niece perform. Fava’s son, Claudio, a former MEP and ex-president of Sicily’s anti-mafia commission, said he felt no hatred towards Santapaola. “I wasn’t capable of it,” he said. “And I feel no relief now that he’s gone.” He recalled visiting the prison where Santapaola was being held. “He recognised me,” Fava said. “He came to the bars and said he was i...
Anze Furlan / psgtproductions/iStock via Getty Images A group of investors led by BlackRock ( BLK ) is working to close a major ports deal, but without two terminals on the Panama Canal after authorities took over the assets, according to a media report on Tuesday. BlackRock ( BLK ) and Swiss-Italian shipping company MSC are negotiating with CK Hutchison ( CKHUY ) ( CKHUF ) to acquire operations a...
Anze Furlan / psgtproductions/iStock via Getty Images A group of investors led by BlackRock ( BLK ) is working to close a major ports deal, but without two terminals on the Panama Canal after authorities took over the assets, according to a media report on Tuesday. BlackRock ( BLK ) and Swiss-Italian shipping company MSC are negotiating with CK Hutchison ( CKHUY ) ( CKHUF ) to acquire operations at 41 ports in Europe, Southeast Asia, and the Middle East, but not in Panama, the Financial Times reported, citing two people familiar with the talks. The shift occurred after Panama's top court ruled that the concession for a unit of CK Hutchison to operate ports at either end of the Panama Canal was unconstitutional. The country's authorities took control of the terminals last month. Hong Kong-based CK Hutchison ( CKHUY ) ( CKHUF ) has been striving to divest its non-Chinese ports businesses, which run 43 terminals in 23 countries, including the Panama ports, assets in Mexico and Egypt, and the U.K.'s Felixstowe, the FT said. In March 2025, CK Hutchison agreed to sell the business to an international group, with BlackRock ( BLK ) getting a controlling stake in the Panamanian ports. MSC, controlled by the Aponte family, would get a majority stake in the remaining CK Hutchison portfolio. The FT also said that Chinese shipping group Cosco ( CSPKF ) ( CICOF ) ( CICOY ) is still in talks with the investor consortium regarding its participation, according to a person familiar with the matter. Last month, Panama canceled the CK Hutchison contracts , and CK Hutchison's Panama Ports unit started international arbitration against Panama after the country revoked its licenses to operate the ports. More on BlackRock BlackRock: A Quality Compounder To Buy Now BlackRock, Inc. (BLK) Presents at Bank of America Financial Services Conference 2026 Transcript Evaluating BlackRock, Inc., Management's Latest Numbers Point To A Hold AES to be bought by GIP-EQT consortium in $15/share deal Kuwa...