近日，爱旭股份宣布与荷兰埃因霍温理工大学的Solar Team Eindhoven达成深度合作，双方将共同打造全球首款完全依靠太阳能驱动的救护车——Stella Juva，并为其搭载爱旭ABC高效太阳能电池。该车计划于今年7月正式亮相，旨在通过极致光伏科技解决偏远及基础设施匮乏地区的医疗救助难题。（人民财讯）
近日，爱旭股份宣布与荷兰埃因霍温理工大学的Solar Team Eindhoven达成深度合作，双方将共同打造全球首款完全依靠太阳能驱动的救护车——Stella Juva，并为其搭载爱旭ABC高效太阳能电池。该车计划于今年7月正式亮相，旨在通过极致光伏科技解决偏远及基础设施匮乏地区的医疗救助难题。（人民财讯）
The seasonally adjusted S&P Global UK PMI posted 51.0 in March, down from 51.7 in February and below the flash estimate of 51.4. The PMI has remained above the neutral 50.0 mark for five successive months. The figure came in lower than estimated, 51.4. "UK manufacturing output contracted for the first time in six months in March, as the war in the Middle East and ongoing concerns about domestic ec...
The seasonally adjusted S&P Global UK PMI posted 51.0 in March, down from 51.7 in February and below the flash estimate of 51.4. The PMI has remained above the neutral 50.0 mark for five successive months. The figure came in lower than estimated, 51.4. "UK manufacturing output contracted for the first time in six months in March, as the war in the Middle East and ongoing concerns about domestic economic policy led to a scaling back of production. The impact of the war also caused noticeable shifts in the cost and supply chain backdrops. Delivery times lengthened to the greatest extent since mid-2022, while the acceleration in input price inflation was the steepest since the aftermath of the UK's withdrawal from the ERM in 1992. The resulting high-cost environment and shortages of inputs were also factors stymieing production volumes." said Rob Dobson, Director at S&P Global Market Intelligence. More on UK GBP/USD Chart Alert: Bull Flag Pattern In Play Ahead Of Retail Sales Data Technical Levels For Major FX Pairs Ahead Of The FOMC U.S. Tariffs: A New Trade War? ‘Mr. Brexit’ strategist nails winning calls as Iran conflict erupts European stocks edge higher but set for worst month since 2020
Jonathan Kitchen/DigitalVision via Getty Images Investment Overview I wrote abou t Dana Incorporated ( DAN ) previously with a buy rating in my initiation coverage, as I thought the business was in much better shape after the divestiture, had a path towards double-digit EBITDA margin, and also a de-risked near-term outlook. The developments since my last update have been largely positive. The bala...
Jonathan Kitchen/DigitalVision via Getty Images Investment Overview I wrote abou t Dana Incorporated ( DAN ) previously with a buy rating in my initiation coverage, as I thought the business was in much better shape after the divestiture, had a path towards double-digit EBITDA margin, and also a de-risked near-term outlook. The developments since my last update have been largely positive. The balance sheet reset is done, margin improvement is now showing up in the numbers, and the growth story looks broader than before as ICE-related demand, backlog, and aftermarket momentum all improve. Therefore, I reiterate: buy. My Old Bull Case Is Now Showing Up In The Numbers There were two main points in my initiation coverage thesis: (1) the off-highway sale would fix the balance sheet, and (2) the cost program would lift margins. All of these are now visible in the numbers and in how management is framing 2026. DAN finally closed the Off-Highway divestiture on 1st Jan this year, and it has already completed ~$2 billion of debt reduction. The latest cash position, as of the end of January, was $659 million, and liquidity was ~$1.8 billion. An important commentary made was that net leverage should stay <1x through 2026, which directly supports my view that this divestiture would fix the balance sheet. Next, the point on margin improvement also looks much more credible now if you look at the FY2025 numbers. While sales were down y/y to $7.5 billion, adj. EBITDA went up sharply to $610 million, with adj. EBITDA margin up to 8.1%. The numbers were even better if you just look at the Q4 numbers, in that adj. EBITDA margin reached 11.1% vs. 4.7% in Q4 2024. Note that this was driven mostly by cost savings and efficiency gains (as I said previously) and not entirely because of better volumes. For the 2026 guidance, management guided to $7.3 billion to $7.7 billion of sales and $750 million to $850 million of adj. EBITDA. If you do the math, that implies a full-year adj. EBITDA marg...
A US-sanctioned vessel carrying Iranian crude oil from deep inside the Persian Gulf is now indicating it’s bound for India, in what could be the first such import in nearly seven years. The Ping Shun , an Aframax built in 2002 and sanctioned by the US in 2025, on Monday began signaling that it will reach India’s west coast port of Vadinar later this week, ship-tracking data show. The tanker loaded...
A US-sanctioned vessel carrying Iranian crude oil from deep inside the Persian Gulf is now indicating it’s bound for India, in what could be the first such import in nearly seven years. The Ping Shun , an Aframax built in 2002 and sanctioned by the US in 2025, on Monday began signaling that it will reach India’s west coast port of Vadinar later this week, ship-tracking data show. The tanker loaded crude from Kharg Island in early March, according to ship-tracking firms including Kpler and Vortexa. The ship’s destination is not final and may change at any time. A successful delivery by the vessel would mark India’s first purchase of crude from Iran since May 2019, when it stopped importing barrels from the country due to US sanctions. The journey comes as the South Asian country struggles with higher oil prices after the effective closure of the Strait of Hormuz as the US-Israeli war against Iran has disrupted Middle East fuel supplies. The US last month tried to offer relief to the market by issuing temporary waivers on its sanctions for Iranian crude already loaded onto tankers. India’s state-backed buyers have so far avoided such purchases , as payment, shipping and insurance hurdles complicate potential transactions. Ping Shun’s openness in signaling Vadinar could point to buyers being closer to ironing out those hurdles. Such issues may still present challenges, though, as seen in the case of a recent sale of Iranian liquefied petroleum gas to India, people familiar with the matter said. A vessel, Sea Bird , arrived at Mangalore on March 30, but has yet to discharge, with a port agent’s report saying that the receiver isn’t ready for the delivery yet. Payments issues were still being ironed out, the people said. Read More: US-Approved Iranian Barrels Find a Cautious Reception in India Even with the temporary waivers, some banks that serve as intermediaries in US dollar payments across Asia have indicated they won’t facilitate transactions for Iranian crude becau...
Ousted Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio said he’s “comfortable” with his decision to seek a new term and defy plans by the board of directors for a change at the top. Lovaglio is locked in a bitter fight with Monte Paschi’s board. While the governance body has proposed external candidate Fabrizio Palermo as successor and stripped Lovaglio of his powers, he...
Ousted Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio said he’s “comfortable” with his decision to seek a new term and defy plans by the board of directors for a change at the top. Lovaglio is locked in a bitter fight with Monte Paschi’s board. While the governance body has proposed external candidate Fabrizio Palermo as successor and stripped Lovaglio of his powers, he’s running as a candidate for the minority investor PLT Holding . Lovaglio, who spoke in an Bloomberg TV interview, didn’t directly respond to a question about why the board had decided to withdrew its support for him ahead of the annual general meeting on April 15, where shareholders will vote on the nominations. People familiar with the matter said previously there were tensions between Lovaglio and some shareholders over the way he plans to integrate Mediobanca , which the firm acquired last year. In addition, Lovaglio is facing a judicial probe over that deal, which also involves two powerful Monte Paschi shareholders, construction tycoon Francesco Gaetano Caltagirone and Francesco Milleri , chairman of the holding company Delfin Sarl . All have denied wrongdoing. Lovaglio said in the interview he’s “confident” that “everything will be clarified” about the investigation. The probe is “not an issue” for his ability to be CEO, he said, adding that he didn’t think it’s a reason for the board to oppose him. Proxy adviser ISS has criticized the way Monte Paschi seeks to replace Lovaglio. It still recommended that shareholders back Palermo, even though it said he lacks experience running a bank as big as Monte Paschi. The European Central Bank has raised similar concerns, Bloomberg News has reported. September: Paschi Takes Over Mediobanca to Transform Italian Finance December: Paschi, Investors Coordinated to Buy Mediobanca: Prosecutors March 4: Paschi CEO Lovaglio Nears Exit as Committee Denies Backing March 21: Paschi Investor Wants Lovaglio as CEO in Competing List March ...
Microsoft announces $5.5 billion spend and new Microsoft Elevate programs to support every tertiary student, educator and nonprofit to power Singapore’s AI future Microsoft Source
Microsoft announces $5.5 billion spend and new Microsoft Elevate programs to support every tertiary student, educator and nonprofit to power Singapore’s AI future Microsoft Source
Microsoft announces $5.5 billion spend and new Microsoft Elevate programs to support every tertiary student, educator and nonprofit to power Singapore’s AI future news.microsoft.com
Microsoft announces $5.5 billion spend and new Microsoft Elevate programs to support every tertiary student, educator and nonprofit to power Singapore’s AI future news.microsoft.com
US president says conflict will end in ‘two to three weeks’, leading to 15% drop in brent crude and stock market climb in Asia Business live – latest updates Oil prices tumbled and stock markets rallied across the world on Wednesday after Donald Trump said the war in Iran would end in “two to three weeks”. Brent crude, the international benchmark for oil, dropped to $99.78 a barrel, down more than...
US president says conflict will end in ‘two to three weeks’, leading to 15% drop in brent crude and stock market climb in Asia Business live – latest updates Oil prices tumbled and stock markets rallied across the world on Wednesday after Donald Trump said the war in Iran would end in “two to three weeks”. Brent crude, the international benchmark for oil, dropped to $99.78 a barrel, down more than 15% compared with its price on Tuesday – its lowest level in a week. Continue reading...
Amazon.com Inc. has almost single-handedly spurred the best-ever opening quarter for corporate debt sales in Europe, even as markets face huge disruption from the war in Iran. Corporate borrowers have raised about €145.6 billion ($168.7 billion) in 2026, by far the highest volume for a first quarter on record, according to a Bloomberg league table tracking issuance from high-grade firms across Eur...
Amazon.com Inc. has almost single-handedly spurred the best-ever opening quarter for corporate debt sales in Europe, even as markets face huge disruption from the war in Iran. Corporate borrowers have raised about €145.6 billion ($168.7 billion) in 2026, by far the highest volume for a first quarter on record, according to a Bloomberg league table tracking issuance from high-grade firms across Europe, the Middle East and Africa. Nearly 10% of that came just from Amazon’s €14.5 billion eight-part debt sale on March 11. Read more: Amazon Raises Record €14.5 Billion From Debut Euro Bond Sale Tech giants have led the action in Europe, with Alphabet Inc. and International Business Machines Corp. taking the second and third spots in the table respectively behind Amazon, following jumbo deals in recent weeks. The trio has a more than 18% combined share of the first quarter’s corporate issuance in the region, the table shows. “They’re so big that they suddenly just become quite a large part of the index,” said Alex Temple , a portfolio manager at Allspring Global Investments. “That means for people who track the index, they have to buy it because it’s such a large chunk.” The offerings from companies seeking to fund ambitious artificial intelligence projects have salvaged an otherwise tough quarter for debt markets more broadly. Overall volumes in the EMEA region have stumbled since the Middle East conflict began at the end of February. Marketwide bond issuance in March, including from banks and governments, reached €126 billion equivalent, 19% below the amount raised in the same month last year, according to data compiled by Bloomberg. That’s meant the huge US tech sales haven’t overwhelmed the European market or hurt pricing, as some commentators warned last year. Read more: Big Tech’s AI Debt Wave Threatening to Swamp Credit Markets Instead, there’s been a clamor for such debt, given these firms are highly rated and have low leverage, making them relative havens at a tim...
(Bloomberg) -- Amazon.com Inc. has almost single-handedly spurred the best-ever opening quarter for corporate debt sales in Europe, even as markets face huge disruption from the war in Iran.Corporate borrowers have raised about €145.6 billion ($168.7 billion) in 2026, by far the highest volume for a first quarter on record, according to a Bloomberg league table tracking issuance from high-grade fi...
(Bloomberg) -- Amazon.com Inc. has almost single-handedly spurred the best-ever opening quarter for corporate debt sales in Europe, even as markets face huge disruption from the war in Iran.Corporate borrowers have raised about €145.6 billion ($168.7 billion) in 2026, by far the highest volume for a first quarter on record, according to a Bloomberg league table tracking issuance from high-grade firms across Europe, the Middle East and Africa. Nearly 10% of that came just from Amazon’s €14.5 bill