Charity calls for a levy on the very richest and the closing of tax loopholes in its report on offshore wealth The global super-rich may have as much as $3.55tn hidden away from tax authorities, according to estimates by Oxfam. The charity renewed its call for a wealth levy and urged governments to close tax loopholes as it published its latest analysis of the scale of offshore holdings. Continue ...
Charity calls for a levy on the very richest and the closing of tax loopholes in its report on offshore wealth The global super-rich may have as much as $3.55tn hidden away from tax authorities, according to estimates by Oxfam. The charity renewed its call for a wealth levy and urged governments to close tax loopholes as it published its latest analysis of the scale of offshore holdings. Continue reading...
The war in Iran prompted a record surge in the price of petrol and diesel in the UK last month, adding to pressure on Prime Minister Keir Starmer to step in to help motorists. “March has been truly unprecedented — fuel prices have never risen this fast in a single month,” motoring group RAC said, while noting that the outright cost of filling up remains lower than in 2022. Starmer acknowledged the...
The war in Iran prompted a record surge in the price of petrol and diesel in the UK last month, adding to pressure on Prime Minister Keir Starmer to step in to help motorists. “March has been truly unprecedented — fuel prices have never risen this fast in a single month,” motoring group RAC said, while noting that the outright cost of filling up remains lower than in 2022. Starmer acknowledged the rising cost of energy on Wednesday, but stopped short of announcing any major new support. By contrast, Germany has moved to cap how often gas stations can raise prices, while countries including Slovenia and Hungary have cut fuel taxes. In Britain, both the main opposition Conservative Party and the poll-leading Reform have called on Chancellor of the Exchequer Rachel Reeves to reverse course on plans to begin unwinding a Covid-era 5-pence-per-liter reduction in fuel duty in September. The price of gasoline rose by 20 pence a liter last month, about half the increase in diesel, according to the RAC. The greater spike in diesel reflects Europe’s reliance on imports of the fuel from oil refineries across the Middle East that have been caught up in the conflict.
Ofcom research shows people also concerned old posts could affect personal or professional life Social media users in the UK are becoming less active on tech platforms due to the rise of video apps and fears that posts could come back to haunt them, according to the communications watchdog. Ofcom said just under half of adult social media users (49%) now post, share or comment compared with 61% in...
Ofcom research shows people also concerned old posts could affect personal or professional life Social media users in the UK are becoming less active on tech platforms due to the rise of video apps and fears that posts could come back to haunt them, according to the communications watchdog. Ofcom said just under half of adult social media users (49%) now post, share or comment compared with 61% in 2024. The proportion exploring new websites has also fallen, from 70% to 56%. Continue reading...
BEIJING, April 01, 2026 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company” or “JD.com”), a leading supply chain-based technology and service provider, today announced the pricing of its offering of CNY10 billion aggregate principal amount of CNY-denominated senior unsecured notes (the “Notes”). The Notes were offered in offshore transac...
BEIJING, April 01, 2026 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company” or “JD.com”), a leading supply chain-based technology and service provider, today announced the pricing of its offering of CNY10 billion aggregate principal amount of CNY-denominated senior unsecured notes (the “Notes”). The Notes were offered in offshore transactions outside the United States to certain non-U.S. persons (the “Notes Offering”) in reliance on Re
A relentless selloff in Pop Mart International Group Ltd. shares is showing little sign of bottoming out as skepticism deepens over the toymaker’s Labubu-led growth. The stock plunged more than 30% over five sessions through Tuesday after the company’s earnings results showed a rising dependence on the snaggle-toothed monster dolls. That extended a drop from its record high in August to nearly 60%...
A relentless selloff in Pop Mart International Group Ltd. shares is showing little sign of bottoming out as skepticism deepens over the toymaker’s Labubu-led growth. The stock plunged more than 30% over five sessions through Tuesday after the company’s earnings results showed a rising dependence on the snaggle-toothed monster dolls. That extended a drop from its record high in August to nearly 60%, wiping out about $33 billion from its market cap. Pop Mart’s latest earnings tipped market sentiment decisively bearish. A wave of price‑target cuts, rising short interest, and a stock slide that persisted despite multiple buybacks signal growing concerns over the company’s ability to replicate Labubu’s success with other products. “We don’t think the market has fully factored in a long downcycle scenario with a much lower margin,” said Sammi Xu , a consumer analyst at Deutsche Bank AG, who downgraded the stock to sell after its results. Weakening sales overseas and in China, high inventory and a continuous downward revision on earnings are main pressure points this year, Xu said. The popularity of Labubu dolls exploded globally last year — a rare example of Chinese soft power resonating in Western markets — sending Pop Mart shares soaring about 300% from early 2025 to an all-time high in August. But persistent worries that the Labubu craze could fade has weighed on the stock since. Efforts to diversify its intellectual property have yet to emerge as meaningful growth drivers. The Labubu-led Monsters series accounted for about 40% of total revenue last year, up from 23% in 2024. Meanwhile, other high-profile figures including Crybaby and Molly posted weaker-than-expected sales. Pop Mart’s inventory turnover days has also increased 21% from a year ago to 123 days as of end 2025. The company attributed the rise to longer transportation lead time, higher sales to markets abroad and a wider network of stores. READ: Pop Mart’s Labubu Risks Beanie Baby-Style Bust, Analyst Says ...
Explore the exciting world of Onto Innovation (NYSE: ONTO) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of Feb. 11, 2026. The video was published on April 1, 2026. Continue reading
Explore the exciting world of Onto Innovation (NYSE: ONTO) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of Feb. 11, 2026. The video was published on April 1, 2026. Continue reading
South Korean borrowers rushed to issue bonds in the offshore market in late March, shrugging off Iran war concerns to secure record issuance volumes ahead of unprecedented maturities in 2026. State agencies, companies and the government sold about $24 billion of international bonds in the first three months of the year, a 42% jump from a year earlier and the largest first-quarter tally since Bloom...
South Korean borrowers rushed to issue bonds in the offshore market in late March, shrugging off Iran war concerns to secure record issuance volumes ahead of unprecedented maturities in 2026. State agencies, companies and the government sold about $24 billion of international bonds in the first three months of the year, a 42% jump from a year earlier and the largest first-quarter tally since Bloomberg began tracking the data in 1999. Several heavyweights — including Korea Development Bank and LG Energy Solution — tapped markets in the past two weeks. Even without the quarter-end rush, issuance was already on track for a first-quarter record, as borrowers braced for payments coming due. Korean issuers face a record $64 billion in bond repayments this year, data compiled by Bloomberg show. The surge underscores urgent refinancing needs despite weakening conditions, while investor demand shows Korean borrowers’ solid payment history and appetite for well‑rated debt. Yet a cloudy outlook, with widening yield spreads and concerns over higher rates tied to the Iran war, collides with looming maturities, likely shaping how resilient primary market activity will be the rest of the year. “Even with global markets unsettled, Korean corporates and state-owned enterprises can still access funding to enjoy strong investor demand due to their high credit ratings, solid repayment track record, and deep regional investor base,” said Lei Zhu , head of Asian fixed income at Fidelity International. “Also, a large 2026 maturity wall also forces major Korean corporates to refinance without delay.” Timing and Tenor Issuers are front‑loading deals as conditions show signs of weakening. Spreads on Asian investment‑grade bonds, which hit historic lows earlier this year, were at their highest in eight months on Tuesday, a Bloomberg index shows. At Citigroup, all Korean bond transactions have cleared as planned, as issuers look to avoid a turn in sentiment, said Daeil Ahn , the banking firm’s...
Investors are looking to FTSE Russell’s final decision on upgrading Vietnamese equities to emerging-market status to stem record levels of foreign selling. The index provider, which in October raised Vietnam to secondary emerging market status from frontier, is set to unveil results of its interim review for the Southeast Asian country’s shares on April 7. FTSE is set to outline an implementation ...
Investors are looking to FTSE Russell’s final decision on upgrading Vietnamese equities to emerging-market status to stem record levels of foreign selling. The index provider, which in October raised Vietnam to secondary emerging market status from frontier, is set to unveil results of its interim review for the Southeast Asian country’s shares on April 7. FTSE is set to outline an implementation roadmap for the upgrade if all criteria are satisfied, with reclassification taking effect in September. While traders had bet on improving foreign flows ahead of the change, overseas investors have withdrawn about $1.1 billion from Vietnamese equities in the three months to March, marking the biggest first-quarter outflow on record, data compiled by Bloomberg show. They’ve pulled $1.95 billion from Indonesia and remain net buyers in Malaysia, the Philippines and Thailand. Maybank Investment Bank estimates that any FTSE upgrade could be phased in across three to five tranches starting in September, with each tranche attracting roughly $300 million to $500 million in inflows. That could help boost Vietnam’s benchmark VN Index after a 4.6% slide this year. While it outperformed Southeast Asian peers in 2025 with a 41% surge, it’s now lagging most of them on concerns that the Middle East conflict will weigh on the nation’s economy. Profit taking and company-specific issues may be driving the outflows, said Marco Martinelli , a partner at Turicum Investment Management. Ongoing geopolitical uncertainties amid the Iran war have also hit global investor sentiment, he added. Meantime, Vietnamese authorities have stepped up reforms to improve market accessibility. Recent measures include removing pre-funding requirements for equity trades, raising foreign ownership limits at selected banks and advancing plans for a centralized clearing system by 2027. Regulations introduced in February allow foreign investors to trade via global brokerages rather than relying solely on local firms. ...
Blockchain trackers put the cryptocurrency heist in the hundreds of millions of dollars and is already on track to be the largest crypto theft in 2026 so far.
Blockchain trackers put the cryptocurrency heist in the hundreds of millions of dollars and is already on track to be the largest crypto theft in 2026 so far.
Globalstar Inc. shares jumped more than 20% in late trading on a Financial Times report that Amazon.com Inc. is in talks to acquire the satellite provider. The deal would bolster Amazon’s effort to build its own satellite operation, the newspaper reported, citing unidentified people with knowledge of the discussions. The two sides remain in negotiations over some of the transaction’s complexity, t...
Globalstar Inc. shares jumped more than 20% in late trading on a Financial Times report that Amazon.com Inc. is in talks to acquire the satellite provider. The deal would bolster Amazon’s effort to build its own satellite operation, the newspaper reported, citing unidentified people with knowledge of the discussions. The two sides remain in negotiations over some of the transaction’s complexity, the Times said. Bloomberg News reported last year that Globalstar was exploring a potential sale and had early talks with Elon Musk ’s SpaceX, among other potential suitors. Amazon has deployed about 180 internet satellites to orbit in its Leo program, formerly called Project Kuiper. The company aims to operate more than 3,000 low-orbit satellites that will compete with SpaceX’s Starlink service to provide high-speed internet access. Satellite broadband is seen as an increasingly viable alternative to ground-based service, especially for connecting remote or rugged areas. Representatives for Amazon and Globalstar didn’t immediately respond to requests for comment. Apple Inc. likely has a say in Globalstar’s future, people familiar with the matter have told Bloomberg. It provides a Globalstar offering that lets consumers send texts and contact emergency responders when out of cellular range. In 2024, the iPhone maker invested about $1.5 billion in Globalstar to beef up the infrastructure. Apple took a 20% stake in the company as part of the deal.
Tiger Woods turns down the role of United States Ryder Cup captain next year in Ireland, the PGA of America announces, as he steps away from golf following last week's car crash.
Tiger Woods turns down the role of United States Ryder Cup captain next year in Ireland, the PGA of America announces, as he steps away from golf following last week's car crash.