Good morning . Energy disruption brings Iran war to US gas stations. Conflicting views are emerging in “Tehrangeles.” And let’s not forget about Covid. Listen to the day’s top stories . S&P 500 Index Futures 6,814.5 -0.30% Nasdaq 100 Index Futures 24,950 -0.40% Bloomberg Dollar Spot Index 1,206.27 +0.16% So much for America’s energy dominance: prices at the pump tell a different story. Retail gaso...
Good morning . Energy disruption brings Iran war to US gas stations. Conflicting views are emerging in “Tehrangeles.” And let’s not forget about Covid. Listen to the day’s top stories . S&P 500 Index Futures 6,814.5 -0.30% Nasdaq 100 Index Futures 24,950 -0.40% Bloomberg Dollar Spot Index 1,206.27 +0.16% So much for America’s energy dominance: prices at the pump tell a different story. Retail gasoline hit $3.32 a gallon on Thursday as the Iran conflict disrupts energy supplies from the Middle East. The selloff in global bonds deepened on concern the shock to energy markets could broaden and drive inflation higher . Today’s jobs report may offer more insight on the Fed’s rate path. The conflict raged for a seventh day, with Iran firing a barrage of missiles and drones across the Persian Gulf and Israel renewing its airstrikes . Qatar’s energy minister warned that war in the region could “bring down the economies of the world” and predicted that all Gulf energy exporters would shutter production within weeks, in an interview with the Financial Times. Container shipper Maersk suspended two services in the latest sign of how the war is upending global supply lines . Follow the latest developments in our live blog. What Mohammed bin Salman Fears Most From the Iran War Middle East scholar Bernard Haykel explains Tehran’s retaliation calculus, the risk of regime collapse, and how Saudi Arabia’s crown prince views the conflict. Read the Story US farmers rushed to lock in fertilizer supplies . Chet Edinger says he managed this week to secure the last few truckloads of urea for the tens of thousands of acres of corn and soybeans he cultivates near Mitchell, South Dakota. “We grabbed what we needed,” he said. It cost 22% more than late last year—“the highest price I ever had to pay.” As drones and missiles target Middle Eastern cities and critical infrastructure, defense supplies also face chokepoints . The war is also casting a shadow over Formula One. While the new season be...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Vlad Savov reports from the mobile industry’s biggest annual gathering. Tech Across the Globe Oracle job cuts: Oracle is planning to eliminate thousands of jobs as soon as this month, according to people familiar with the matter. Some of the cuts will be aimed at job type...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Vlad Savov reports from the mobile industry’s biggest annual gathering. Tech Across the Globe Oracle job cuts: Oracle is planning to eliminate thousands of jobs as soon as this month, according to people familiar with the matter. Some of the cuts will be aimed at job types that the company expects it will need less of due to AI. SoftBank raising more: The foremost Japanese tech investment firm is seeking a loan of as much as $40 billion, mostly to help invest more in OpenAI. Oura’s purchase: Smart ring maker Oura bought Doublepoint, a gesture-recognition technology company, offering clues as to what features may be coming to future products. Uber drivers: An Uber job posting suggests the rideshare giant is stepping up efforts to test a subscription offering for more of its drivers around the world. Some competitors have found success with that model, where workers get to keep more of each fare and some consumers have seen lower prices. Revalued Founders Fund is leading an $80 million investment in Nominal, a startup aiming to modernize factories and make manufacturing more efficient. The deal values the startup at $1 billion, making Nominal a unicorn, and is an extension of the company’s Series B funding round last summer, led by Sequoia Capital. The big mobile show They were there early every morning. Even when jet lag was kicking me out of bed before 6 a.m., the neatly uniformed Huawei staffers had beaten me to the breakfast buffet. Clad in long burgundy-purple coats, hair neatly trimmed or up in a bun, they were as efficient as they were numerous. By the time I could get a coffee and a plate of jamón and veggies together, half were already on their way out. I was, as it turned out, sharing a hotel with some of the attendants for Huawei’s extravagantly large exhibition at MWC Barcelona. Occupying the bulk of Hall 1 — of eight interconnect...
Key Points AppLovin has a machine-learning ad engine, but its underlying tech isn’t proprietary. Competitors could replicate its performance. AppLovin’s impressive 2025 numbers and high margins rely almost entirely on mobile advertising, which is subject to rules set by Apple and Google. 10 stocks we like better than AppLovin › Wall Street loves AppLovin (NASDAQ: APP) right now. The company last m...
Key Points AppLovin has a machine-learning ad engine, but its underlying tech isn’t proprietary. Competitors could replicate its performance. AppLovin’s impressive 2025 numbers and high margins rely almost entirely on mobile advertising, which is subject to rules set by Apple and Google. 10 stocks we like better than AppLovin › Wall Street loves AppLovin (NASDAQ: APP) right now. The company last month reported 70% revenue growth in 2025, to $5.48 billion, and generated $3.95 billion in free cash flow. Its Q4 revenue hit $1.66 billion with a pretty remarkable 84% adjusted EBITDA margin, and guidance calls for another revenue step-up in early 2026. Following the report, it seems like every analyst has rushed in with upgrades and higher price targets. The numbers are spectacular, but that's exactly why I think they're dangerous. 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 » On paper, AppLovin looks diversified: It owns an AI self-serve ad engine (Axon), a mobile ad exchange (Max), and a growing e-commerce ad platform. Management talks about "omnichannel performance marketing" and "multi-vertical expansion." Strip away the labels, and AppLovin is really one thing to me: a performance advertising engine built around mobile attribution and user tracking. In 2025, its Software Platform -- basically ads -- grew 88% to $4.81 billion and drove nearly all the profit, while the Apps side, which looks more like gaming or content, actually shrank as a share of the business. The catch? AppLovin doesn't control the rules. Apple and Alphabet's Google do. The company itself warns that changes to mobile OSs or privacy frameworks, such as Apple's App Tracking Transparency, can affect its ability to measure, target, and optimize ads. Workarounds exist, but they're just that: workarounds. The bull case assumes the cu...
(RTTNews) - Genesco Inc. (GCO) reported earnings for its fourth quarter that Increases, from the same period last year The company's earnings came in at $47.61 million, or $4.44 per share. This compares with $34.38 million, or $3.13 per share, last year. Excluding items, Genesco Inc. reported adjusted earnings of $40.17 million or $3.74 per share for the period. The company's revenue for the perio...
(RTTNews) - Genesco Inc. (GCO) reported earnings for its fourth quarter that Increases, from the same period last year The company's earnings came in at $47.61 million, or $4.44 per share. This compares with $34.38 million, or $3.13 per share, last year. Excluding items, Genesco Inc. reported adjusted earnings of $40.17 million or $3.74 per share for the period. The company's revenue for the period rose 7.2% to $799.94 million from $745.95 million last year. Genesco Inc. earnings at a glance (GAAP) : -Earnings: $47.61 Mln. vs. $34.38 Mln. last year. -EPS: $4.44 vs. $3.13 last year. -Revenue: $799.94 Mln vs. $745.95 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - After an initial upmove, the French stock market's benchmark CAC 40 retreated and slipped into negative territory on Friday amid concerns about growth as the Middle East War entered its seventh day. Stocks gained earlier in the session after the US granted India a 30-day waiver to continue purchasing Russian oil, aiming to stabilize supply amid the Middle East conflict. The CAC 40, whi...
(RTTNews) - After an initial upmove, the French stock market's benchmark CAC 40 retreated and slipped into negative territory on Friday amid concerns about growth as the Middle East War entered its seventh day. Stocks gained earlier in the session after the US granted India a 30-day waiver to continue purchasing Russian oil, aiming to stabilize supply amid the Middle East conflict. The CAC 40, which advanced to 8,104.77 earlier in the session, was down 81.19 points or 1.01% at 7,964.61 a little while ago. Eiffage, STMicroelectronics and Bouygues are down 3.1%, 3% and 2.8%, respectively. Vinci, Orange and EssilorLuxottica are down 2%-2.5%. Air Liquide, Accor, Veolia Environment, Dassault Systemes, Saint Gobain, Sanofi, Michelin and Engie are also notably lower. Thales is rising 1.3%. Safran, Capgemini, Publicis Groupe, TotalEnergie and BNP Paribas are up with modest gains. In economic news, data from Eurostat showed the number of employed persons in the Euro Area rose by 0.2% from the previous quarter to 172.6 million in the final quarter of 2025, confirming the preliminary estimate, and above the initial market expectations of a 0.1% expansion. It was the bloc's 19th consecutive period of employment growth, The Euro Area economy grew 1.2% year-on-year in the fourth quarter of 2025, revised down from an initial estimate of 1.3%. The figure marks the slowest annual growth in more than a year, easing from a 1.4% expansion in the previous quarter. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we bring you tough talk from leading investors downplaying the drama in private capital, one firm’s plan to take advantage of the volatility and some rare data on a direct lender’s worst nightmare. But first we look at sec...
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we bring you tough talk from leading investors downplaying the drama in private capital, one firm’s plan to take advantage of the volatility and some rare data on a direct lender’s worst nightmare. But first we look at second private loan wipeout in consecutive quarters. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net Twice shy Underwriting and valuation processes across private credit are back under the microscope after BlackRock marked a $25 million private loan as worthless three months after assigning a flawless valuation - its second hero-to-zero loan in back-to-back quarters. The loan to Infinite Commerce Holdings , a so-called Amazon aggregator that buys up online sellers of products from spa treatments to light bulbs, is now on BlackRock TCP Capital’s books at zero cents on the dollar, according to Q4 filings last week. The fund had marked the junior debt at 100 cents just three months earlier. The markdown was part of broader loan losses BlackRock signaled in January, when it disclosed the private credit fund was poised to cut the net value of its assets by 19%. While both moves predated a more recent burst in negative sentiment towards the $1.8 trillion private credit sector, they underscore the precarious nature of some private loans and offer a timely reminder of how quickly asset quality can deteriorate. A representative for BlackRock declined to comment. A spokesperson for Infinite Commerce did not respond to a request for comment. The abrupt markdown of Infinite’s loan echoes BlackRock’s action on debt extended to struggling home improvement company Renovo Home Partners in November. The Dallas-based firm — a roll-up of remodeling businesses created by private equity firm Audax Group in 2022 — filed for bankruptcy that sam...
In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT This report is from this week's The Tech Download newsletter. Like what you see? You can subscribe here. Banking, payments, enterprise and consumer services in the UAE experienced outages earlier this week as AWS (Amazon Web Services) data centers in the country were hit by Iranian drone strikes on Sunday. Many of the apps have s...
In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT This report is from this week's The Tech Download newsletter. Like what you see? You can subscribe here. Banking, payments, enterprise and consumer services in the UAE experienced outages earlier this week as AWS (Amazon Web Services) data centers in the country were hit by Iranian drone strikes on Sunday. Many of the apps have since come back online after companies scrambled to migrate servers, but the downtime of services that many use daily highlights how digital infrastructure has become a strategic target. After the U.S. and Israel launched joint strikes on Iran last weekend, Tehran's wave of retaliatory attacks across the Middle East targeted military bases, oil and gas production facilities and data centers. There are over 200 of these across the Middle East, according to some estimates, and cheap energy and land have drawn U.S. hyperscalers to pour resources into building out capacity in the region in recent years. "Iran and proxies have targeted oil fields in the past, but their attacks this week on UAE data centers shows they are now considered critical infrastructure," Patrick J. Murphy, executive director of the geopolitical unit at advisory firm Hilco Global, told me. Guests look at a model of the largest data center in the UAE under construction in Abu Dhabi as the Stargate initiative, a joint venture between G42, Microsoft, and OpenAI, during the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) in Abu Dhabi on November 3, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images) Giuseppe Cacace | Afp | Getty Images Critical infrastructure On Monday, AWS said that two of its facilities in the UAE had been directly hit by drones, with one in Bahrain also damaged by a nearby strike. The latter was targeted by Iran's Islamic Revolutionary Guard Corps for the company's support of the U.S. military, Iranian state media said on Wednesday. Compa...
Gravity Archives by Andrew Motion; Rabbitbox by Wayne Holloway-Smith; Strange Architectures by JL Williams; I Do Know Some Things by Richard Siken Gravity Archives by Andrew Motion (Faber, £12.99) From his 1978 debut through his laureate elegies for Princess Diana and the Queen Mother, death remains a major preoccupation for Motion. And for good reason: his mother’s accidental fall from a horse an...
Gravity Archives by Andrew Motion; Rabbitbox by Wayne Holloway-Smith; Strange Architectures by JL Williams; I Do Know Some Things by Richard Siken Gravity Archives by Andrew Motion (Faber, £12.99) From his 1978 debut through his laureate elegies for Princess Diana and the Queen Mother, death remains a major preoccupation for Motion. And for good reason: his mother’s accidental fall from a horse and subsequent premature death catalysed an unshakeable elegiac pattern, the poet as chronicler of loss – and, by extension, love. But something has subtly shifted in this latest gravitational turn. No longer the bewildered and ambivalent Englishman, who in his previous book, Randomly Moving Particles, emigrates to the US, here we see a more rooted and resolute eye surveying the mortality of others as well as his own. An opening sequence of eight roughly sonnet-like poems mourning the Baltimore poet Joseph Harrison contrasts the American’s dying courage with the poet’s English reticence. “You talk. I will – but warn you, Joe, / talk is not first nature. I blame Dad, / his silence fathomless. I tried.” An awkwardness relegates grief back to its private place, giving way to alternatives sometimes hopeful or outright hilarious. In Autumn Light a sequence for familial dead begins “Andrew Motion has also died … He was a fool in his own opinion”, mixing pathos and bathos. In English Elegies John Berryman appears as a “staggeringly drunk” spirit guide, advising against the melancholic pull of home. “ That place was done for, England , and so on, / John said.” Wisely, Motion resolves, “High time / it is that I, like everyone, set out to die alone.” Rabbitbox by Wayne Holloway-Smith (Scribner, £ 12.99) The “toxic grammar” of home mediates a different form of filial elegy in Rabbitbox, where male violence terrorises the boy, or “boy-rabbit”. Here we mourn not the dead but those prevented from living: a young mother and her child besieged by a shadowy husband and father. “The mother one...
From Richmond, California Recommended if you like Molly Nilsson, Chromatics, the 1975’s 1980s pastiches Up next Self-titled debut album out 10 April For those of us who can’t resist the pull of melancholy synth-pop, Californian artist Hannah Lew is set to become a new obsession. Soon to be released via Night School Records – home to the likes of Tristwch Y Fenywod and Teresa Winter – Lew’s self-ti...
From Richmond, California Recommended if you like Molly Nilsson, Chromatics, the 1975’s 1980s pastiches Up next Self-titled debut album out 10 April For those of us who can’t resist the pull of melancholy synth-pop, Californian artist Hannah Lew is set to become a new obsession. Soon to be released via Night School Records – home to the likes of Tristwch Y Fenywod and Teresa Winter – Lew’s self-titled debut is one of those albums that could easily be a greatest hits, with nine irresistible, single-worthy tracks all saturated with neon-lit heartbreak. A mainstay of the San Francisco Bay Area creative scene, Lew started out playing in indie trio Grass Widow, and went on to form Cold Beat – an electronic group with an onomatopoeic band name, with releases on tastemaking labels Dark Entries and DFA. Beyond her music-making endeavours she’s a record shop owner, visual artist and film-maker; she’s helmed the record label Crime on the Moon and has made a string of high-saturation music videos for Shannon & the Clams, Frankie Rose and her own bands. Like her labelmate Molly Nilsson, Lew excels at wringing maximum emotion from familiar sounds. She deftly moves between sub-genres and styles, from the minimal wave of Distance of the Moon to the New Order-esque Siloed. Recent single Sunday is all widescreen synths and melodramatic drums, like the sun coming up on a new romantic party in California. Another Twilight has a dark disco flavour with an irresistible bassline, crunchy guitar part and singsong melody. Across all these modes, Lew’s earnest vocal tone recalls the light touch of Chromatics’ Ruth Radelet – a refreshingly low-key and human centre to her maximalist musical world. Claire Biddles This week’s best new tracks View image in fullscreen Tenacious … Carla dal Forno. Photograph: Sanjay Fernandes Carla dal Forno – Going Out The Australian singer-songwriter is one of the cold wave greats, offsetting the style’s mournfulness with tenacity and a crackle of heat. She ret...
Government officials across the US have taken new security measures because of fears that Iran, or its supporters, may launch attacks on targets in America to retaliate for the US and Israel’s bombing of the country. Federal and local public officials have announced that they have taken steps such as increasing law enforcement patrols to prevent any attack, which could come directly from the Irani...
Government officials across the US have taken new security measures because of fears that Iran, or its supporters, may launch attacks on targets in America to retaliate for the US and Israel’s bombing of the country. Federal and local public officials have announced that they have taken steps such as increasing law enforcement patrols to prevent any attack, which could come directly from the Iranian regime or a lone actor, security experts said. “If there were ever a time when Iran would want to put into place all the different capabilities it’s built up over these years as off-the-shelf operational planning … now would be it,” said Matthew Levitt, director of the counter-terrorism program at the Washington Institute for Near East Policy. After the US attacked Iran on 28 February, Kash Patel, the FBI director, posted on X that he had instructed “counterterrorism and intelligence teams to be on high alert and mobilize all assisting security assets needed”. The Department of Homeland Security (DHS) secretary, Kristi Noem, also posted that she was in “direct coordination with our federal intelligence and law enforcement partners as we continue to closely monitor and thwart any potential threats to the homeland”. Leaders of major American cities including Los Angeles, Miami and New York have announced increased patrols around sensitive locations such as places of worship, cultural centers and schools. Rebecca Weiner, deputy commissioner of intelligence and counter-terrorism for the NYPD, told CBS News the city had been in a “heightened threat environment” since June, when the US aided Israel’s attack on Iranian nuclear facilities. She said the recent attacks on Iran were “definitely an escalation” and that the city would feature “enhanced deployments, patrol resources, specialized resources, the help of partners”. “They are not telling you exactly what they’re doing, and they are not saying, ‘This is where we are going to be,’” said Richard Frankel, a retired FBI agent ...
The moment 19-year-old Emely Agustin spotted the group of masked immigration agents tackling a woman facedown on the pavement, her heart dropped. She saw the woman’s red jacket. “Oh my fucking God. That’s my mom!” she screamed. It was the morning of 5 November in Cottage Grove, in central Oregon, and masked officers with Immigration and Customs Enforcement (ICE) had dragged Juanita Avila out of he...
The moment 19-year-old Emely Agustin spotted the group of masked immigration agents tackling a woman facedown on the pavement, her heart dropped. She saw the woman’s red jacket. “Oh my fucking God. That’s my mom!” she screamed. It was the morning of 5 November in Cottage Grove, in central Oregon, and masked officers with Immigration and Customs Enforcement (ICE) had dragged Juanita Avila out of her van. The agents pinned her down as she cried out for her daughter, who started filming. Juanita, a 47-year-old legal permanent resident, had her green card in her pocket, but officers handcuffed and detained her. “I was really scared. I couldn’t stop shaking,” Emely recalled in a recent interview. “It was like they were trying to kidnap me,” added Juanita. The mother and daughter were speaking out for the first time since Juanita’s arrest became part of a court case that secured a major victory for immigrants’ rights in Oregon. The lawsuit challenged ICE’s tactic of detaining people without warrants or probable cause, a practice advocates say has fueled widespread racial profiling and chaotic arrests. 1:29 Daughter realises her mother is being arrested by ICE agents in Oregon – video Last month, a federal judge sided with the plaintiffs and issued a preliminary injunction blocking ICE agents in Oregon from continuing their “arrest first, justify later” tactics, as lawyers labeled it. The judge said ICE’s conduct had been “brutal and violent”, saying agents’ arrest strategy “systematically violates federal law and individual constitutional rights”. From ‘village girl’ to shop owner Standing behind the counter at Juanita’s Latina Store one recent morning, Juanita fidgeted with papers and spoke softly about her arrest as customers wandered in for snacks. Her tiny shop, located in a former bank vault, is on Main Street in Cottage Grove, a town south of Eugene. Juanita packs the shelves with an array of goods, including Latin American spices, corn masa flour, breads, cowboy ha...
Exhibition of the week Stubbs: Portrait of a Horse George Stubbs’s emotional, sublime equine portrait Whistlejacket is rightly one of the best loved paintings in the National Gallery. This exhibition takes a closer look at what makes his paintings of horses unforgettable. National Gallery, London, from 12 March to 31 May Also showing David Hockney Pictures from his time living in Normandy, reflect...
The bombing of Iran is deeply unpopular. Despite the Tories’ urgings, Keir Starmer must not further embroil the UK in this disaster Keir Starmer’s immediate response to the Israeli-US attack on Iran last weekend was sensible and correct. Donald Trump had lied that the US was at risk of imminent attack, and had presented no coherent reason for going to war. Even after Starmer weakened and allowed t...
The bombing of Iran is deeply unpopular. Despite the Tories’ urgings, Keir Starmer must not further embroil the UK in this disaster Keir Starmer’s immediate response to the Israeli-US attack on Iran last weekend was sensible and correct. Donald Trump had lied that the US was at risk of imminent attack, and had presented no coherent reason for going to war. Even after Starmer weakened and allowed the US to use British bases , although it did not really need them, Trump was furious. He accused Starmer of being “no Winston Churchill”. Starmer should have been equally furious and said Trump was no Franklin Roosevelt – more George W Bush. Britain is now contending with an unreliable, mendacious and warmongering ally across the Atlantic. It surely must hold itself consistent and principled at a deeply uncertain time. But does its Tory opposition leader, Kemi Badenoch, agree? She goes to her spring party conference this week having hurled abuse at Starmer in parliament, supporting Trump on the dubious grounds that: “We’re in this war, whether they like it or not.” This appeared to be a confession of weakness, that other states can order Britons to go to war. As it was, Starmer found he had a navy left him by Badenoch’s party with hardly any seaworthy destroyers. It was surely a moment for a joint stance, not dispatch box point-scoring. Continue reading...
Beijing has stressed that it does not intend to rely on a weaker yuan for trade gains, amid a recent rally in the currency and mounting pressure from trade partners to allow it to strengthen. “China has neither the need nor the intention to gain competitive advantages in trade through currency depreciation,” said Pan Gongsheng, governor of the central bank, at a press conference of the country’s t...
Beijing has stressed that it does not intend to rely on a weaker yuan for trade gains, amid a recent rally in the currency and mounting pressure from trade partners to allow it to strengthen. “China has neither the need nor the intention to gain competitive advantages in trade through currency depreciation,” said Pan Gongsheng, governor of the central bank, at a press conference of the country’s top economic officials on Friday. The comments came ahead of a new round of trade talks between China and the United States in Paris next week . China’s massive export machine, a key source of bilateral trade imbalance, is usually high on the agenda of negotiations. Advertisement The US administration has previously accused China of achieving “unfair” trade advantages through currency depreciation – a claim that Beijing has long denied. Washington once labelled China a currency manipulator during President Donald Trump’s first term. “At present, the yuan-dollar exchange rate is around the midpoint of its range in recent years,” Pan said. Advertisement The yuan has strengthened steadily against the US dollar since late last year. The PBOC set the yuan’s fixing rate at 6.9025 to the US dollar on Friday, slightly weaker than Thursday’s 6.9007, which was the strongest level in 34 months. The yuan’s rally coincides with a softening of the dollar, which has faced downward pressure in recent months, driven by policy uncertainty under the Trump administration.
China has pledged to strengthen maritime law enforcement and bolster legal and institutional mechanisms to defend its claims in disputed waters. Outlined in Beijing’s latest five-year policy blueprint, the resolution reflects its effort to strengthen China’s position in increasingly contested waters. China’s 15th five-year plan , which covers the 2026-2030 period, also signals a push by policymake...
China has pledged to strengthen maritime law enforcement and bolster legal and institutional mechanisms to defend its claims in disputed waters. Outlined in Beijing’s latest five-year policy blueprint, the resolution reflects its effort to strengthen China’s position in increasingly contested waters. China’s 15th five-year plan , which covers the 2026-2030 period, also signals a push by policymakers to expand China’s influence in shaping global maritime governance and rule-making. Advertisement Unlike the 2021-2025 plan, which underscored deeper participation in global maritime governance, the strategy unveiled on Thursday appears to place greater emphasis on a combination of external diplomacy and stronger domestic enforcement capacity to safeguard China’s maritime interests. This year marks a decade since an international tribunal at The Hague ruled against China , invalidating its claims to historic and economic rights over most of the South China Sea. Advertisement China refused to take part in the proceedings, initiated by the Philippines in 2013, maintaining that the tribunal had no jurisdiction over sovereignty disputes. It has since consistently rejected the ruling.
Welcome to the Business of Food newsletter, covering how the world feeds itself in a changing economy and climate. This week, Agnieszka de Sousa looks at fertilizer disruptions and why they matter to food supplies. Any tips or feedback? Email us here. And if you aren’t yet signed up to receive this newsletter, please do so here . Supply Panic More than a century ago, two German scientists devised ...
Welcome to the Business of Food newsletter, covering how the world feeds itself in a changing economy and climate. This week, Agnieszka de Sousa looks at fertilizer disruptions and why they matter to food supplies. Any tips or feedback? Email us here. And if you aren’t yet signed up to receive this newsletter, please do so here . Supply Panic More than a century ago, two German scientists devised a process that takes nitrogen from the air and hydrogen to nourish farmland. Fed by natural gas, the Haber-Bosch technology went on to fuel a boom in crop yields and help alleviate global hunger. Now, food’s link to energy supplies is again getting tested by the Iran conflict. Nitrogen fertilizer underpins roughly half of global food production. The US and Israel’s war on the Islamic Republic has disrupted the energy-rich Gulf, a major fertilizer hub. The Strait of Hormuz, where maritime traffic ground to a near-complete halt , handles a large share of the global trade for the nutrients while the region is also crucial to supplies of gas that feeds production elsewhere. That’s laid bare the vulnerability of the supply chain that ensures a steady output of anything from corn and palm oil to fruit and vegetables. The prospect of a fertilizer crunch is a throwback to when supplies were severely tested following Russia’s full-scale invasion of Ukraine four years ago, inflating costs, boosting crop and food prices while worsening hunger in places like Africa. The situation in the Middle East adds to the wave of inflation threats just as the world also tries to recover from the effects of the Covid-19 pandemic and weather shocks. Fertilizer prices were already high before the Iran conflict erupted. Now farmers in the northern hemisphere are preparing to apply products to their fields knowing that they are likely to increase further. Costs have already been soaring all over the world, while prices of crops like wheat and corn have risen too. Snarled gas supplies from the region an...
Pitcairn Co. lowered its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 29.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,527 shares of the semiconductor company's stock after selling 10,127 shares during the quarter. Taiwan Semiconductor Manufacturi...
Pitcairn Co. lowered its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 29.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,527 shares of the semiconductor company's stock after selling 10,127 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 0.5% of Pitcairn Co.'s portfolio, making the stock its 28th largest position. Pitcairn Co.'s holdings in Taiwan Semiconductor Manufacturing were worth $6,850,000 at the end of the most recent quarter. A number of other large investors also recently bought and sold shares of the company. Perennial Investment Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 5.5% in the 3rd quarter. Perennial Investment Advisors LLC now owns 8,617 shares of the semiconductor company's stock valued at $2,407,000 after acquiring an additional 453 shares during the last quarter. Smith Moore & CO. boosted its holdings in Taiwan Semiconductor Manufacturing by 10.1% in the third quarter. Smith Moore & CO. now owns 4,405 shares of the semiconductor company's stock worth $1,230,000 after purchasing an additional 404 shares during the period. United Capital Management of KS Inc. increased its stake in Taiwan Semiconductor Manufacturing by 4.8% during the third quarter. United Capital Management of KS Inc. now owns 4,452 shares of the semiconductor company's stock valued at $1,243,000 after purchasing an additional 205 shares during the last quarter. KCM Investment Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.5% during the third quarter. KCM Investment Advisors LLC now owns 10,474 shares of the semiconductor company's stock worth $2,925,000 after purchasing an additional 154 shares during the period. Finally, Kane Investment Management Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing duri...
Solstein Capital LLC lowered its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 92.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 663 shares of the semiconductor company's stock after selling 7,780 shares during the quarter. Solstein Capital LLC's holdings in Taiwan Semiconduc...
Solstein Capital LLC lowered its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 92.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 663 shares of the semiconductor company's stock after selling 7,780 shares during the quarter. Solstein Capital LLC's holdings in Taiwan Semiconductor Manufacturing were worth $185,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds have also added to or reduced their stakes in the business. Fisher Asset Management LLC increased its position in Taiwan Semiconductor Manufacturing by 1.0% in the 3rd quarter. Fisher Asset Management LLC now owns 17,833,127 shares of the semiconductor company's stock valued at $4,980,614,000 after acquiring an additional 168,171 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Taiwan Semiconductor Manufacturing by 3.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,759,419 shares of the semiconductor company's stock worth $4,401,448,000 after purchasing an additional 541,047 shares during the last quarter. Bank of America Corp DE increased its holdings in Taiwan Semiconductor Manufacturing by 0.8% in the second quarter. Bank of America Corp DE now owns 14,805,720 shares of the semiconductor company's stock valued at $3,353,348,000 after purchasing an additional 115,158 shares during the period. Jennison Associates LLC increased its holdings in Taiwan Semiconductor Manufacturing by 4.5% in the third quarter. Jennison Associates LLC now owns 12,591,542 shares of the semiconductor company's stock valued at $3,516,692,000 after purchasing an additional 544,750 shares during the period. Finally, Alliancebernstein L.P. raised its position in Taiwan Semiconductor Manufacturing by 18.0% during the 2nd quarter. Alliancebernstein L.P. now owns 10,457,800 shares of the se...
In New Hampshire, just off the western shore of the vacation destination Lake Winnipesaukee, there's a town called Laconia. With a population somewhere south of 17,000, it's barely a blip on a map—except on Bike Week, when around 300,000 motorcyclists swarm the place. On the other, quieter weeks of the year, Laconia is best known as the unlikely home of Funspot, the world's largest arcade. Meanwhi...
In New Hampshire, just off the western shore of the vacation destination Lake Winnipesaukee, there's a town called Laconia. With a population somewhere south of 17,000, it's barely a blip on a map—except on Bike Week, when around 300,000 motorcyclists swarm the place. On the other, quieter weeks of the year, Laconia is best known as the unlikely home of Funspot, the world's largest arcade. Meanwhile, in Brookfield, Illinois, about 45 minutes west of Chicago and the shores of Lake Michigan, you'll find Galloping Ghost Arcade , a sprawling suburban palace with a nondescript exterior hiding a mind-blowing collection. With over 1,000 arcade cabinets (plus a further 46 pinball machines), Galloping Ghost is the world's largest arcade. Yes, there are two arcades in the US labeled as the world's largest, and while that may seem a bit paradoxical, a visit to both proves that while only one can be the biggest, both are the greatest. Read full article Comments