Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. The Pentagon has reportedly banned Anthropic as a vendor, instructing U.S. defense contractors to halt commercial ties with the AI provider. Palantir Technologies (NasdaqGS:PLTR) relies on Anthropic's Claude model within its Maven Smart Systems platform for military customers. The res...
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. The Pentagon has reportedly banned Anthropic as a vendor, instructing U.S. defense contractors to halt commercial ties with the AI provider. Palantir Technologies (NasdaqGS:PLTR) relies on Anthropic's Claude model within its Maven Smart Systems platform for military customers. The restriction introduces immediate operational disruption for Palantir's defense software and touches over US$1b in Defense Department contracts linked to Maven Smart Systems. The move raises fresh questions about vendor concentration risk and the long term stability of government AI contracts tied to specific model providers. Palantir, best known for its data analytics and AI software for government and commercial clients, has been positioning Maven Smart Systems as a core offering for U.S. defense workflows. The Pentagon's decision to cut off Anthropic affects a foundational AI model inside that platform, meaning Palantir now has to rework key components of its tools while keeping mission critical systems running for military users. For you as an investor, the key issue is execution risk around this forced technology switch and what it means for Palantir's embedded role in U.S. defense programs. How quickly the company can substitute Anthropic's Claude with other AI models, while preserving performance and security standards, will likely influence the durability of more than US$1b in related contracts and how future government buyers assess vendor concentration risk in AI platforms from NasdaqGS:PLTR. Stay updated on the most important news stories for Palantir Technologies by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Palantir Technologies. NasdaqGS:PLTR 1-Year Stock Price Chart Is Palantir Technologies's balance sheet strong enough for future acquisitions? Dive into our detailed financial health analysis. Qu...
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. The Pentagon has reportedly banned Anthropic as a vendor, instructing U.S. defense contractors to halt commercial ties with the AI provider. Palantir Technologies (NasdaqGS:PLTR) relies on Anthropic's Claude model within its Maven Smart Systems platform for military customers. The res...
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. The Pentagon has reportedly banned Anthropic as a vendor, instructing U.S. defense contractors to halt commercial ties with the AI provider. Palantir Technologies (NasdaqGS:PLTR) relies on Anthropic's Claude model within its Maven Smart Systems platform for military customers. The restriction introduces immediate operational disruption for Palantir's defense software and touches over US$1b in Defense Department contracts linked to Maven Smart Systems. The move raises fresh questions about vendor concentration risk and the long term stability of government AI contracts tied to specific model providers. Palantir, best known for its data analytics and AI software for government and commercial clients, has been positioning Maven Smart Systems as a core offering for U.S. defense workflows. The Pentagon's decision to cut off Anthropic affects a foundational AI model inside that platform, meaning Palantir now has to rework key components of its tools while keeping mission critical systems running for military users. For you as an investor, the key issue is execution risk around this forced technology switch and what it means for Palantir's embedded role in U.S. defense programs. How quickly the company can substitute Anthropic's Claude with other AI models, while preserving performance and security standards, will likely influence the durability of more than US$1b in related contracts and how future government buyers assess vendor concentration risk in AI platforms from NasdaqGS:PLTR. Stay updated on the most important news stories for Palantir Technologies by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Palantir Technologies. NasdaqGS:PLTR 1-Year Stock Price Chart Is Palantir Technologies's balance sheet strong enough for future acquisitions? Dive into our detailed financial health analysis. Qu...
New Berkshire Hathaway CEO Greg Abel launched his tenure as the company's new chief with an 18-page letter to shareholders that shed light on many details regarding how Abel plans to run the sprawling company, how Berkshire is currently performing, how it is positioned for the future, and other, perhaps more surprising comments about plans for Berkshire's massive $318 billion equities portfolio. F...
New Berkshire Hathaway CEO Greg Abel launched his tenure as the company's new chief with an 18-page letter to shareholders that shed light on many details regarding how Abel plans to run the sprawling company, how Berkshire is currently performing, how it is positioned for the future, and other, perhaps more surprising comments about plans for Berkshire's massive $318 billion equities portfolio. For instance, Abel cited four key positions in Berkshire's portfolio -- Apple, American Express, Coca-Cola, and Moody's -- that he expects "will compound over decades" and will experience "limited activity," barring any fundamental changes in their long-term prospects. What's equally interesting is that Abel did not include two of Berkshire's current top-five positions in the group. Are these two stocks now on the chopping block? Bank of America -- 8.1% of portfolio One stock not mentioned by Abel as a "core holding" is Bank of America (BAC 1.71%), the second-largest bank by assets in the U.S. and the fourth-largest position in Berkshire's portfolio. While dumping many of its bank stocks during the pandemic, Berkshire loaded up on Bank of America, signaling that it would be its preferred large bank. While Buffett and Berkshire have a long history with the banking sector, they have also clearly soured on the industry. Berkshire has also cut its stake in Bank of America in half over the past few years. In 2011, following the Great Recession, Berkshire injected $5 billion of capital into Bank of America, in return for preferred stock and warrants that allowed it to acquire 700 million common shares at a price of $7.14 each in 2017, so Bank of America has undoubtedly been a terrific investment for Berkshire. Expand NYSE : BAC Bank of America Today's Change ( -1.71 %) $ -0.84 Current Price $ 48.69 Key Data Points Market Cap $349B Day's Range $ 47.62 - $ 48.70 52wk Range $ 33.06 - $ 57.55 Volume 1.6M Avg Vol 40M Dividend Yield 2.80 % However, Berkshire may not consider banks as mu...
George Russell claimed pole position for the Australian Grand Prix, the opening race of the new Formula One season, with an ominously dominant run for Mercedes. Russell and his teammate Kimi Antonelli locked out the front row with their nearest competitor Isack Hadjar in the Red Bull almost eight-tenths of a second behind the pole time in third place. The British driver and Mercedes were in a clas...
George Russell claimed pole position for the Australian Grand Prix, the opening race of the new Formula One season, with an ominously dominant run for Mercedes. Russell and his teammate Kimi Antonelli locked out the front row with their nearest competitor Isack Hadjar in the Red Bull almost eight-tenths of a second behind the pole time in third place. The British driver and Mercedes were in a class of their own at the front of the field but there was a disastrous opening for the four-time world champion Max Verstappen who crashed out before he had even set a timed lap. Home hope Oscar Piastri out-qualified his world champion teammate Lando Norris for McLaren in fifth and sixth respectively but both were more than eight-tenths back. Ferrari’s promise was not up to matching Mercedes, over the single lap at least, with Charles Leclerc in fourth and Lewis Hamilton in seventh. With the gloves at long last coming off in the first competitive session of the new season, Mercedes confirmed their position as the favourites with complete authority in Melbourne. The team had demonstrated great strength in testing but had not really shown their hand in raw pace over a single lap. In the sunshine at Albert Park, the opposition could not even chase their shadow. With the swathe of regulations changes implemented this season, including brand new chassis and engines, there was an expectation some teams would emerge stronger than others. But the march Mercedes have stolen is, on this form, something of a chasm. Red Bull may have been next best but when Mercedes turned up the wick the three main chasing teams were left wanting. View image in fullscreen Mercedes driver George Russell celebrates after claiming pole during the qualifying session for the Formula One Australian Grand Prix at Albert Park. Photograph: Martin Keep/AFP/Getty Images It was more impressive given that Antonelli had suffered a major crash in final practice and Mercedes had done well to repair the car. That he mana...
Stanislav Ostranitsa/iStock Editorial via Getty Images Rocket Lab ( RKLB ) stock has gained 1.2% since my last report, in which I upgraded the stock to buy, as I believe that the delay on the Neutron rocket program offers an opportunity for investors. In this report, I discuss the delay on the Neutron program, analyze the Q4 2025 earnings, and update my price targets. Neutron Fuel Tank Failure Is ...
Stanislav Ostranitsa/iStock Editorial via Getty Images Rocket Lab ( RKLB ) stock has gained 1.2% since my last report, in which I upgraded the stock to buy, as I believe that the delay on the Neutron rocket program offers an opportunity for investors. In this report, I discuss the delay on the Neutron program, analyze the Q4 2025 earnings, and update my price targets. Neutron Fuel Tank Failure Is Manageable Rocket Lab My view for the Neutron rocket has been that, depending on the nature of the fuel tank failure, the cost impact would be manageable with timelines shifting to Q4 2026 and potentially even Q1 2027. That view was largely confirmed during Rocket Lab's Q4 2025 earnings call . The company detailed the tank failure, which was not driven by a design issue but rather by a manufacturing issue using a hand-laid manufacturing method. For new tanks, automatic fiber placement, or AFP, will be used, which eliminates this issue. Furthermore, AFP is cheaper than manually doing the layup work. So, that already shows that from a cost perspective, the cost impact is contained, and R&D costs are still expected to peak in Q1 2026. The launch schedule did slip from mid-2026 to Q4 2026. Management intends to have a second launch rather quickly after the first test launch if there are no issues found during the test launch. However, I still believe that if the first launch happens in Q4, a derisked schedule would indicate a second launch in 2027 with a multi-year ramp-up trajectory for the Neutron rocket. Having listened to the management call, I would say that the comments aligned reasonably well with my expectations. Rocket Lab Sales Growth Drives Fixed Cost Absorption Leading To Higher Margins Rocket Lab (Earnings Presentation) Fourth quarter sales increased 16% sequentially to $179.7 million. Space System sales declined 9.1% to $103.8 million, driven by the timing of satellite platform milestones, solar power system timing, and supply chain dependencies. So, that will bec...
From ancient China and Paris’s Latin Quarter to ‘Han shot first’, test your knowledge with the Saturday quiz 1 The slogan “Han shot first” protested against the re-editing of which film? 2 The boundaries of the North, East and West Ridings met at which city? 3 What is the smallest species of UK crow? 4 Which notorious Disney film was based on stories by Joel Chandler Harris? 5 Which precursor of t...
From ancient China and Paris’s Latin Quarter to ‘Han shot first’, test your knowledge with the Saturday quiz 1 The slogan “Han shot first” protested against the re-editing of which film? 2 The boundaries of the North, East and West Ridings met at which city? 3 What is the smallest species of UK crow? 4 Which notorious Disney film was based on stories by Joel Chandler Harris? 5 Which precursor of the UN was established by the treaty of Versailles? 6 Rama IX ruled which country from 1946 to 2016? 7 Which singer and pianist was born Eunice Waymon? 8 What military force was the BAOR? What links: 9 Ancient China; California; Nagasaki; Latin Quarter of Paris; Rome? 10 Alert (possible); warning (expected); severe warning (risk to life and significant disruption)? 11 Covalent; ionic; metallic? 12 Bakelite; french fries; internal combustion engine; saxophone; standard map projection? 13 Ade Adepitan; Ian Dury; Frida Kahlo; Joni Mitchell; Itzhak Perlman; FDR? 14 Bligh’s ship; Olympus Mons location; Panthera leo; Via Lactea? 15 Isabella of France and Margaret of Anjou; Chester Burnett; Jordan Belfort? Continue reading...
In this week’s newsletter: Our annual recap of the must-see series spread across Apple TV, Netflix, Disney+ and more • Don’t get The Guide delivered to your inbox? Sign up here Streaming services: there’s a lot of them (with yet another, HBO Max, on the way later this month) and everyone seems to be signed up to different ones, making recommendations a challenge. Step forward the Guide’s fourth ed...
In this week’s newsletter: Our annual recap of the must-see series spread across Apple TV, Netflix, Disney+ and more • Don’t get The Guide delivered to your inbox? Sign up here Streaming services: there’s a lot of them (with yet another, HBO Max, on the way later this month) and everyone seems to be signed up to different ones, making recommendations a challenge. Step forward the Guide’s fourth edition of A Show for Every Streamer (previous versions can be seen here , here and here ), which does exactly as it describes. As is tradition, we’ve tried to avoid series that everyone has been nattering about (unlucky, Heated Rivalry), and instead spotlight less heralded, more surprising picks, starting with … Apple TV | Drops of God … a Japanese-American-French drama about warring wine experts, of course. A curious one, though it does fit in with Apple’s penchant for high-end subject matter. After a first series that saw the daughter of a deceased French wine expert face off against his Japanese mentee for ownership of his multimillion-dollar wine collection, season two – which arrived in January – sees the two team up to investigate the mysterious origins of a bottle of red from dad’s collection. Continue reading...
Five multiple-choice questions – set by children – to test your knowledge, and a chance to submit your own junior brainteasers for future quizzes Submit a question Molly Oldfield hosts Everything Under the Sun , a podcast answering children’s questions. Do check out her books, Everything Under the Sun and Everything Under the Sun: Quiz Book , as well as her new title, Everything Under the Sun: Al...
Five multiple-choice questions – set by children – to test your knowledge, and a chance to submit your own junior brainteasers for future quizzes Submit a question Molly Oldfield hosts Everything Under the Sun , a podcast answering children’s questions. Do check out her books, Everything Under the Sun and Everything Under the Sun: Quiz Book , as well as her new title, Everything Under the Sun: All Around the World . Continue reading...
Mountain hikes, river swims and centuries-old traditions appeal to the whole family on a trip to the Balkans ‘Uno, Uno, Uno No Mercy!” the six-year-old son of our hosts for the day bellows while leading my boys, 10 and 12, into his dimly lit corrugated iron home. I let out a little sigh of relief. The popular card game is a much-needed icebreaker as ominous clouds close in on the remote stan (the ...
Mountain hikes, river swims and centuries-old traditions appeal to the whole family on a trip to the Balkans ‘Uno, Uno, Uno No Mercy!” the six-year-old son of our hosts for the day bellows while leading my boys, 10 and 12, into his dimly lit corrugated iron home. I let out a little sigh of relief. The popular card game is a much-needed icebreaker as ominous clouds close in on the remote stan (the Albanian word for a shepherd dwelling). Despite the language barrier, much laughter and consternation soon spill out of the darkness, just as hail hammers down on the tin roof. Dogs bark, chickens cluck and sheep bleat as the thunder grows louder, and we all – our eight hosts, seven guests and one guide – shelter in the tiny kitchen, the living room-cum-bedroom (now Uno parlour), or on the veranda. It’s day two of a seven-day trip with Undiscovered Balkans, crisscrossing between Albania and Montenegro on foot and by car. Having always wanted to hike the Peaks of the Balkans trail, a 119-mile (192km) hike linking Montenegro, Kosovo and Albania, I jumped at the chance to sample this new guided itinerary. Combining some of the region’s most famous hikes with gentler excursions for kids, such as a day experiencing life as a shepherd, or visits to remote swimming spots, it seemed a novel alternative to our usual “get a map and hope for the best” approach to hiking holidays. Continue reading...
When does lighthearted banter become inappropriate and humiliating? The digital bank Monzo has been accused of overstepping the mark by using the data it holds to tell one customer with a past eating disorder that she eats a lot of fast food, spends “more than most” on Just Eat takeaways, and had banished her life goals thanks to her spending choices. Fiona Taylor* has escalated a complaint to the...
When does lighthearted banter become inappropriate and humiliating? The digital bank Monzo has been accused of overstepping the mark by using the data it holds to tell one customer with a past eating disorder that she eats a lot of fast food, spends “more than most” on Just Eat takeaways, and had banished her life goals thanks to her spending choices. Fiona Taylor* has escalated a complaint to the UK financial ombudsman after she was offended by what she called “shaming language” in the end-of-year review sent to her by the bank. In a similar vein to Spotify Wrapped, which shows users of the streaming service their top songs and artists of the past year, Monzo sends customers a personalised annual review of how and where they spent their money. The aim, says the bank, is to “provide an engaging and sometimes lighthearted summary of a customer’s year” – but it has divided opinion. On forums such as Reddit, some customers have criticised the Year in Monzo service for “judging” them and making “snarky” and “sarcastic” comments, while others said they were “just a bit of fun”. Some customers shared screenshots from their reviews that highlighted how much money they spend at the bakery chain Greggs or tease them for having an “unused oven”. Taylor, 42, from Kent, said Monzo had used her financial information to “generate humiliating behavioural commentary” that “crossed into personal and moral judgment”. She claimed this was not appropriate behaviour for a bank and amounted to a misuse of personal data. View image in fullscreen Fiona Taylor said Monzo used her data to ‘generate humiliating behavioural commentary’. Photograph: Supplied Her personalised spending review describes her 2025 as “a year of glory and folly”. It features a lot of references to food – telling her: “You foraged and feasted. But mainly, you fast fooded.” It then said she was “in the top 15%” for Just Eat, adding: “You like your banquets beige and boxed up.” This appears to be a reference to a “beige...
This sophisticated, character-driven sitcom from the creators of Scrubs and Ted Lasso is very funny. And it’s proof that all that drama hasn’t blunted Carrell’s comic edge Here’s a funny thing. When comically gifted actors go “straight”, taking on dramatic roles with zero laughs, the world falls over its feet to give them flowers. You might not realise it from looking at every single acting award ...
This sophisticated, character-driven sitcom from the creators of Scrubs and Ted Lasso is very funny. And it’s proof that all that drama hasn’t blunted Carrell’s comic edge Here’s a funny thing. When comically gifted actors go “straight”, taking on dramatic roles with zero laughs, the world falls over its feet to give them flowers. You might not realise it from looking at every single acting award ever handed out but comedy is much harder than drama. Both share techniques and aim at truth. But with comedy, rhythm and originality are crucial, and the spotlight is merciless. (Fart noise.) From Robin Williams to Jim Carrey, Hugh Laurie to Daniel Kaluuya, when an actor gets more admiration keeping the hahas in, they often don’t go back. Which brings me to Rooster, a show that, along with last year’s Four Seasons, marks Steve Carell ’s return to TV comedy. Since leaving The Office, Carell has spent 13 years fictionally fathering drug addicts, being an abusive wrestler-philanthropist, and getting fired from his job as a news anchor for sexual misconduct. (That was on The Morning Show, not Anchorman.) Incredible projects, obviously. But don’t they sometimes have the hint of homework? Continue reading...
My sexuality had to be hidden from my friends, my parents, not to mention the authorities. Then I found freedom at house parties and one song that sums up me finally being able to be myself I was raised in Tehran, under the Ayatollah’s sharia law and daily watch of Basij – the “morality police”. My parents fell in love with the Islamic Revolution when I was a baby and welcomed life under its stric...
My sexuality had to be hidden from my friends, my parents, not to mention the authorities. Then I found freedom at house parties and one song that sums up me finally being able to be myself I was raised in Tehran, under the Ayatollah’s sharia law and daily watch of Basij – the “morality police”. My parents fell in love with the Islamic Revolution when I was a baby and welcomed life under its strict religious rules. The Ayatollah’s face stared down from the walls at home, a daily reminder of what was expected and what was forbidden. This included being gay, but by my teenage years I knew I was different from my peers, and began hiding my sexuality from my parents and the world outside. The other side of life under the regime was that there was little room for celebration: happy events, even religious ones, came with inherent guilt while frivolous outside influences, including western music, were considered dangerous. And so I was in my mid-20s before I went to my first real party: an underground gathering that would become my gateway to a hidden, gay Tehran. Continue reading...
The commuter belt is being redrawn. During Covid, in the hope that remote working would stick, buyers broke free from conventions and transformed the housing map. A race for space – and to the coast and rural areas – were the stories of the pandemic. As the call back to the office intensified, this trend unwound and homebuyers began targeting the more traditional commuter zones once again. Unfortu...
The commuter belt is being redrawn. During Covid, in the hope that remote working would stick, buyers broke free from conventions and transformed the housing map. A race for space – and to the coast and rural areas – were the stories of the pandemic. As the call back to the office intensified, this trend unwound and homebuyers began targeting the more traditional commuter zones once again. Unfortunately, the homebuying landscape is very different to five years ago and some of those locations are unaffordable. The cost of living is significantly higher, as are mortgage repayment costs. There is arguably little help now for first-time buyers and, while house prices in London have softened (in some areas), the capital remains entirely unaffordable for many. Priced-out first-time buyers are competing with second and third steppers for homes in the commuter belt, and with downsizers who are relocating from rural locations to be close to transport links and grandchildren. View image in fullscreen Thousands of people commute to London as living in the capital remains unaffordable for many. Photograph: alice-photo/Shutterstock “Britain’s traditional commuter belts have shrunk back down after the pandemic, but they are not as compact as they were before, with buyers searching for value,” says Frances McDonald of Savills. That translates as being pushed into new areas where prices are still affordable. “New infrastructure has driven changes, too,” she adds. As an example, she says: “The Elizabeth line has opened up the westerly home counties for those working in the City and Canary Wharf.” Research from Savills shared exclusively with Guardian Money reveals the new affordable commuter hotspots – suburbs, towns and villages with a direct service into London, Birmingham, Manchester and Edinburgh. These are places where entrances and exits into the local railway station have soared since before the pandemic as commuters get cute and hunt out new locations that work for them. The...
In each of her previous novels and story collections, the Irish author Mary Costello has revealed the inner vastness hidden within even the quietest lives. Her latest book, A Beautiful Loan, goes further, with a faithful, poetic exploration of the multitudes we contain and what it means to be human. From the outset, in the novel’s prologue, Anna tells us she is determined to account for herself an...
In each of her previous novels and story collections, the Irish author Mary Costello has revealed the inner vastness hidden within even the quietest lives. Her latest book, A Beautiful Loan, goes further, with a faithful, poetic exploration of the multitudes we contain and what it means to be human. From the outset, in the novel’s prologue, Anna tells us she is determined to account for herself and her life. But we are to expect no ordinary narrative, concerned only with “actual events”, “evidence-based” or relying on “historical data”. No, Anna is interested in the “climate of the psyche” and “the vibrations of the soul”. Can it be that the very things we cannot quantify or rationalise are what make life meaningful? When she meets Peter, the older, worldly man whom she will marry, Anna tells us she wants to know everything about him – every part of his existence. Only Peter is distant and evasive. He has no wish to spend time with her family and sees no need to compromise his own wants. There is a sense over the years that Anna has some understanding of what is wrong here, but almost at once she denies this knowledge, just as he denies answers to her questions. double quotation mark We are asked what it might mean to know another person, and whether such a thing is even possible Later, when Anna frees herself from Peter, she falls for Karim. He is a Muslim – although not a devout one – kind, generous and boyish. She also finds solace in his faith. However, a tragedy leads him to become increasingly dogmatic, lacking in compassion. Beneath the pin-sharp topography of an emotional life, this is a novel of ideas. We are asked what it might mean to know another person, and whether such a thing is even possible. Childhood is depicted as perhaps the only time of ever being “fully known”, so its loss feels elemental, with adulthood an ever-growing estrangement from others. Elsewhere, Peter’s cruelty and emotional disconnect is couched in the language of science and reason...
The US-Israeli war on Iran, now into its seventh day, has set the Middle East alight, threatening millions of people’s lives and livelihoods as the violence spreads in widening arc stretching from central Asia to the edge of Europe. The joint operation, named “Epic Fury” by the US and “Roaring Lion” by Israel, has been sold as a high-impact show of intimidating power, but its impact so far beyond ...
The US-Israeli war on Iran, now into its seventh day, has set the Middle East alight, threatening millions of people’s lives and livelihoods as the violence spreads in widening arc stretching from central Asia to the edge of Europe. The joint operation, named “Epic Fury” by the US and “Roaring Lion” by Israel, has been sold as a high-impact show of intimidating power, but its impact so far beyond the chaos and bloodshed is unclear. What is certain is that predictions that this type of war would destabilise the region have indeed rapidly materialised. 1. What is the background to this war? For decades, the regional powerhouse Iran, which views Israel and the US as its arch-enemies, has sought to spread its influence across the Middle East by backing militant groups, such as Hezbollah in Lebanon and the Houthis in Yemen. It has developed a nuclear programme that it claims is for civil purposes. Washington disputes this and was in negotiations to limit Tehran’s nuclear ambitions up until last Saturday, when it abandoned them and started bombing. Map of Middle East strikes Israel’s longstanding regional policy – particularly towards Iran, Lebanon, Iraq, Gaza, Yemen and Syria – has been to keep enemy forces “weak” through the regular use of overwhelming and destructive military power, including assassinations. The result has been the killing of tens of thousands of civilians, an abandonment of diplomacy and the hardening of global hatred against Israel. Senior figures in armed factions that Israel has killed are usually quickly replaced by deputies, while militant groups Israel has targeted have either rebuilt or been replaced by others. The Israeli prime minister, Benjamin Netanyahu, has been urging the US to seriously consider an attack on Iran for years and dismissed international agreements to put limits on Tehran’s nuclear programme. Successive administrations in Washington have held back from this belligerent stance, with diplomats and Middle Eastern governments wa...
Thomas Woldbye led London’s Heathrow Airport in 2025 through a power outage and a cyber attack that caused chaos for hundreds of thousands of passengers and prompted separate reviews. Now, after an uptick in passengers at the start of the year, the Middle East conflict threatens to upend any optimistic predictions for 2026. The 61-year-old Danish executive spoke to Bloomberg about the chances of E...
Thomas Woldbye led London’s Heathrow Airport in 2025 through a power outage and a cyber attack that caused chaos for hundreds of thousands of passengers and prompted separate reviews. Now, after an uptick in passengers at the start of the year, the Middle East conflict threatens to upend any optimistic predictions for 2026. The 61-year-old Danish executive spoke to Bloomberg about the chances of Europe’s busiest hub having a third runway in a decade and the lessons learned from last year’s power outage after he slept through part of the blackout. He also offers his view on the best holiday destination right now. The transcript has been edited for brevity. Bloomberg: Given Heathrow is a critical hub for Middle Eastern airlines heavily disrupted by the conflict, what risk do you see for demand? Woldbye: If you go back to just after World War II, you will see that where there’s been SARS, the financial crisis, the IT bubble and even COVID. Not only has aviation come back to the same growth curve, it’s actually come back to the same curve it was on before in terms of volume and growth. If we look at the long-term outlook on this, I’m quite confident that it’ll come back. It’s difficult to put a number on the passenger impact, because we can see how many are not flying on the aircraft that are not departing, but we can’t see how many are coming in via Bangkok, Africa or China, or even where people are flying around. It’s not in that sense for us a traumatic incident. It’s a traumatic incident for the people, airports and airlines that are involved. Q: What impact will it have on Heathrow’s revenue? A: It’s relatively insignificant right now but it’s super difficult to estimate. Of course, if it continues for a very long time, then we’ll have to look at that and we’d probably advise the market. If you remember the Collins incident (cyberattack last September) where you had some of the airlines’ checking systems go down, that was a much more significant incident. A hundred...
designer491/iStock via Getty Images Global 10-year government bond yields dropped in February amid rising equity market volatility fueled by geopolitical tensions, ongoing uncertainty over monetary and trade policy, and AI concerns. The biggest mover was the U.S. 10-year Treasury yield, which declined by 29.5 basis points to finish the month at 3.96%. Data from the Bureau of Labor Statistics showe...
designer491/iStock via Getty Images Global 10-year government bond yields dropped in February amid rising equity market volatility fueled by geopolitical tensions, ongoing uncertainty over monetary and trade policy, and AI concerns. The biggest mover was the U.S. 10-year Treasury yield, which declined by 29.5 basis points to finish the month at 3.96%. Data from the Bureau of Labor Statistics showed that consumer price inflation eased to 2.4% in January, its lowest level since May 2025. Bhas Nalabothula, Head of U.S. Institutional Rates at Tradeweb, said: “Uncertainty remains elevated across markets. Tradeweb swap data suggests there is virtually no probability of a rate cut in March. The Fed continues to emphasize caution and a data-dependent approach, though market volatility could still influence the policy path.” In neighbouring Canada, 10-year bond yields ended the month 29 basis points lower at 3.13%. The country’s annual inflation rate edged down to 2.3% in January, down from 2.4% in the prior month, while consumer confidence increased to 49.30 points from 46.40 points. Across the Atlantic, the yield on the 10-year Gilt fell by 29 basis points to 4.23%. The Bank of England left interest rates unchanged at 3.75% in February. Beyond that, market participants said they anticipated a reduction in UK government borrowing, which the government affirmed with a £252.1 billion cut in its spring economic statement. Elsewhere in Europe, Italy and Germany’s 10-year government bond yields decreased by 18 and 15 basis points to close the month at 3.28% and 2.65%, respectively. The European Central Bank maintained interest rates for the fifth time in a row. According to Eurostat, headline Euro-area inflation unexpectedly rose to 1.9% in February, up from 1.7% in January, while core inflation accelerated to 2.4%. In the Asia Pacific region, Japanese 10-year bond yields touched a 3-year high of 2.29% on February 9, but ultimately fell by nearly 13 basis points over the month t...
Frenchman Hadjar said he was surprised to be third, expecting Ferrari to be ahead of him, but on his debut for the Red Bull team he did what so many of his predecessors could not and delivered when Verstappen hit trouble. The four-time champion spun off and crashed at Turn One on his first lap of the session when his rear axle locked, catching him by surprise. He was shaking his hands after he cli...
Frenchman Hadjar said he was surprised to be third, expecting Ferrari to be ahead of him, but on his debut for the Red Bull team he did what so many of his predecessors could not and delivered when Verstappen hit trouble. The four-time champion spun off and crashed at Turn One on his first lap of the session when his rear axle locked, catching him by surprise. He was shaking his hands after he climbed out of the car, because he had held on to the steering wheel on impact, but said nothing was broken. "I have no idea (what happened)," he said. "I just arrived to Turn One and the rear axle just completely locked up out of the blue while hitting the pedal, so this is something very weird that I've never experienced in F1 before. So just need to understand what went wrong." He will start 20th, ahead only of the Williams of Carlos Sainz and Aston Martin of Lance Stroll, neither of whom were able to take part in the session after reliability problems in final practice. Behind the Racing Bulls, the new Audi team had a strong session with Gabriel Bortoleto and Nico Hulkenberg taking 10th and 11th places, with the Haas cars of Oliver Bearman and Esteban Ocon 12th and 13th. Bortoleto missed a chance to start higher because his car broke down on the way back to the pits after the second knockout session. Alonso took the opportunity to underline how much difference finally managing to complete some laps had made to a team that were five seconds off the pace on Friday by reducing that to 2.5secs in qualifying. "The whole winter has been a little bit with that feeling that there is much more to come, especially on the chassis side," he told BBC Radio 5 Live. "We feel more or less OK in the corners and we feel we could be in the top 10 easily and then we cannot put laps together in the winter. "Here, thanks to a more normal second and third practice, we found two seconds easily just because we ran. "It is a matter of continuing to do laps and stay united. There is no secret that t...