The operator of Hong Kong’s Ngong Ping 360 cable car attraction has apologised after the personal data of visitors and employees was stolen in a ransomware attack. The company on Thursday detected irregularities in its internal network system and alerted police and the Office of the Privacy Commissioner for Personal Data. “Subsequent investigation confirmed that certain data had been stolen and th...
The operator of Hong Kong’s Ngong Ping 360 cable car attraction has apologised after the personal data of visitors and employees was stolen in a ransomware attack. The company on Thursday detected irregularities in its internal network system and alerted police and the Office of the Privacy Commissioner for Personal Data. “Subsequent investigation confirmed that certain data had been stolen and the company was subjected to a ransom demand,” the operator said on Friday. “Ngong Ping 360 deeply...
South Sudan’s political and military leaders are dismantling a 2018 peace agreement, driving the country toward “full-scale war” and making elections this year increasingly unlikely. Officials in the oil-rich country are systematically undermining the deal that ended the five-year civil war, weakening key governance and security protections, the UN Commission on Human Rights in South Sudan said Fr...
South Sudan’s political and military leaders are dismantling a 2018 peace agreement, driving the country toward “full-scale war” and making elections this year increasingly unlikely. Officials in the oil-rich country are systematically undermining the deal that ended the five-year civil war, weakening key governance and security protections, the UN Commission on Human Rights in South Sudan said Friday. That’s putting civilians at serious risk of mass atrocities, and major human rights and humanitarian law violations, it added. Elections planned for December this year will be “unrealistic in a context where civic space is repressed, conflict rages, more than three million people are internally displaced, and key opposition leaders are arbitrarily detained during a politicized trial,” said Yasmin Sooka, who heads the commission. The Commission said evidence “indicates these violations are authorized, condoned, or tolerated by senior political and military officials” and calls for an immediate ceasefire, full restoration and implementation of the peace deal, and compliance with international legal obligations. South Sudan’s 2013–2018 civil war, which erupted after a power struggle between President Salva Kiir and his former deputy Riek Machar killed an estimated 400,000 people. The peace deal was meant to usher in power-sharing, security reforms and transitional justice. Violence surged again in 2025, with renewed fighting, air strikes on civilian areas, and the detention and prosecution of opposition leaders undermining the unity government and fracturing the transition. The Next Africa newsletter will run every weekday from March 2. Sign up here for the newsletter, and subscribe to the Next Africa podcast on Apple , Spotify or anywhere you listen .
Hinterhaus Productions/DigitalVision via Getty Images Company Background Beam Therapeutics Inc. ( BEAM ) was founded by David Liu, J. Keith Joung, and Feng Zhang in 2017. Its headquarters and research hub are in Cambridge, MA, while its manufacturing hub is in Durham, NC. It is one of several gene-editing biotech companies developing novel treatments to cure genetic diseases. Its key focus is a fo...
Hinterhaus Productions/DigitalVision via Getty Images Company Background Beam Therapeutics Inc. ( BEAM ) was founded by David Liu, J. Keith Joung, and Feng Zhang in 2017. Its headquarters and research hub are in Cambridge, MA, while its manufacturing hub is in Durham, NC. It is one of several gene-editing biotech companies developing novel treatments to cure genetic diseases. Its key focus is a form of gene therapy called base editing, which is proprietary for Beam, using an enzyme to convert DNA bases, for example from C to T or A to G. It is said to offer more consistent gene sequencing outcomes and less genotoxicity than the Crispr Cas-9 technology, which has become better known over the last few years. Beam is the undisputed leader in this particular type of gene editing, which holds great potential. Beam Therapeutics From initially casting its net quite wide across a handful of different conditions, in 2023 it decided to prioritize its financial and human resources on the pathways most likely to achieve success, principally to extend its cash runway. The company decided to focus on two lead programs: ex-vivo hematology and cell therapy, and an in-vivo liver-direction program. I’ll discuss these in turn before taking a look at company financials to assess its current valuation and risk-reward profile. Investors have been on a roller-coaster ride over the past few years. Like many biotech companies during the Covid-era spike, they saw enormous buying before the speculative nature of their business was revealed in 2022, sending shares down around 75% from its 2021 high of around $130. Since 2023, shares have been range-bound under $40, but their 6-month chart shows a 75% improvement in the share price. Does this signal a turnaround in fortunes? What can investors expect over the coming years from BEAM stock? StockAnalysis Hematology Program The company’s hematology program currently includes several trials targeting sickle cell disease (SCD) and beta-thalassemia. ...
Zomato co-founder Deepinder Goyal's new wearable startup Temple has raised $54 million in a friends-and-family round at a post-money valuation of about $190 million.
Zomato co-founder Deepinder Goyal's new wearable startup Temple has raised $54 million in a friends-and-family round at a post-money valuation of about $190 million.
Jack Smith's Secret Orders Targeting Patel And Wiles Should Alarm Us All Authored by Jonathan Turley, Former Special Counsel Jack Smith has long operated under Oscar Wilde’s rule that “the only way to get rid of a temptation is to yield to it.” Over the last few months, the public has learned of a wide array of secret orders targeting members of Congress, Trump allies, and others. Now, the Adminis...
Jack Smith's Secret Orders Targeting Patel And Wiles Should Alarm Us All Authored by Jonathan Turley, Former Special Counsel Jack Smith has long operated under Oscar Wilde’s rule that “the only way to get rid of a temptation is to yield to it.” Over the last few months, the public has learned of a wide array of secret orders targeting members of Congress, Trump allies, and others. Now, the Administration has learned that FBI Director Kash Patel and White House Susie Wiles were also targeted by Smith in 2022 and 2023 when they were private citizens. Smith was a controversial choice as Special Counsel because of his history of excessive legal arguments and tactics, including his unanimous loss before the Supreme Court in tossing out the conviction of former Virginia Governor Robert McDonnell. His tendency to stretch the law to the breaking point also did not play well with juries in high-profile cases, as in his case against John Edwards, which ended in acquittal. Despite such criticisms, Smith immediately returned to his past pattern of tossing aside any restraint or caution. Even Democrats this year expressed objections to his targeting of Republican members of Congress, including former House Speaker Kevin McCarthy. Smith told carriers not to tell members of Congress that their calls were being seized. Not only did such records reveal potentially confidential sources, ranging from journalists to whistleblowers, but Smith’s gag order prevented Congress from responding to check the abusive demand. Now, the Administration is alleging that Smith and the prior Administration effectively buried the targeting of Patel and Wiles. It took a year into the new Administration for these orders to be uncovered. The early accounts of the orders contained equally disturbed elements. Reuters reported that “in 2023, the FBI recorded a phone call between Wiles and her attorney, according to two FBI officials. Wiles’ attorney was aware that the call was being recorded, and consented t...
EvgeniyShkolenko/iStock via Getty Images Q4 earnings are in for TeraWulf Inc. ( WULF ), and if you have been following WULF, it is easy to see that Q4 was the quarter that was never going to look good on paper. Looking at the Q4 numbers, Q4 captured the worst of both worlds from both the old shrinking mining business and the new HPC business, which is not yet mature enough to compensate, right as ...
EvgeniyShkolenko/iStock via Getty Images Q4 earnings are in for TeraWulf Inc. ( WULF ), and if you have been following WULF, it is easy to see that Q4 was the quarter that was never going to look good on paper. Looking at the Q4 numbers, Q4 captured the worst of both worlds from both the old shrinking mining business and the new HPC business, which is not yet mature enough to compensate, right as a one-time accounting charge made everything look worse than it really appears. There was an eye-catching $429.8 million non-cash charge related to the revaluation of warrants tied to Google ( GOOGL ) ( GOOG ), which distorted the bottom line. A positive counterweight is the $12.8 billion in contracted HPC revenue across 522 MW that WULF has now secured. Q4 earnings presentation Market reactions have been largely muted. Despite the top and bottom line misses , and the sequential decline in some of the numbers, with revenue coming in at $35.8 million, down sharply from $50.6 million in Q3. A GAAP net loss of $661.4 million, and an EPS of -$0.29. By traditional metrics, this was an ugly quarter. And yet WULF barely moved on the earnings release, and has held the $17 to $18 range steady. Because in the context of what TeraWulf is actually becoming, the numbers largely didn't matter. TeraWulf is not a Bitcoin ( BTC-USD) miner anymore, or at least it is rapidly ceasing to be one. The market figured that out months ago. The Q4 report was never going to be the reason to buy or sell WULF. Q4 was the clearing of the decks, and the last chapter of the old story before the new one begins in earnest. In this piece, I'll go over the most important takeaways from the earnings numbers and call, what the unit economics are proving out for the first two computing buildings, CB-1 and CB-2, at WULF's Lake Mariner facility, as well as what the road ahead actually requires for the current valuation to hold up. A $661 Million Headline Loss, But an Encouraging Margin Metric Like I mentioned earli...
AES Corp. ( AES ) rose 5.3% on a report that BlackRock Inc.’s ( BLK ) Global Infrastructure Partners LP and EQT AB are in talks to purchase the power company. A deal could be announced as soon as next week, according to a Bloomberg report on Friday, which cited people familiar with the matter. A final agreement hasn't been reached, and the timing could still change. AES ( AES ) has been exploring ...
AES Corp. ( AES ) rose 5.3% on a report that BlackRock Inc.’s ( BLK ) Global Infrastructure Partners LP and EQT AB are in talks to purchase the power company. A deal could be announced as soon as next week, according to a Bloomberg report on Friday, which cited people familiar with the matter. A final agreement hasn't been reached, and the timing could still change. AES ( AES ) has been exploring options, including a sale after receiving takeover interest from infrastructure investors including GIP, Bloomberg reported earlier. On Friday, AES ( AES ) rescheduled its Q4 results from today until Tuesday. GIP and EQT declined to comment to Bloomberg. AES didn’t respond to a request for comment. Virginia-based AES ( AES ) owns a fleet of renewable generation, including wind and solar, as well as natural gas and coal assets and a utility in Indiana and Ohio. More on AES AES Corporation: The Rebound Played Out, The Proof Still Pending AES Corporation: Why The Stock Is Worth $30, With Or Without A Takeover AES Q4 2025 Earnings Preview AES signs 20-year power supply agreement for Google data center in Texas Seeking Alpha’s Quant Rating on AES
Welcome to Bloomberg’s Retail Monitor . Every Friday we’ll deliver you clear insights on industry trends, headwinds and emerging opportunities. Sign up now if you’re not already on the list. The Supreme Court stunned everyone with its recent tariff ruling. Steven Madden executives admitted they’re unsure about what this means going forward, but they’re trying to manage. Whether they’re succeeding ...
Welcome to Bloomberg’s Retail Monitor . Every Friday we’ll deliver you clear insights on industry trends, headwinds and emerging opportunities. Sign up now if you’re not already on the list. The Supreme Court stunned everyone with its recent tariff ruling. Steven Madden executives admitted they’re unsure about what this means going forward, but they’re trying to manage. Whether they’re succeeding is up for debate. Walmart is giving out bonuses and agreed to hand over $100 million to settle an FTC case. Also, more women are snacking on meat sticks , Shein is cozying up to Beijing and Sweetgreen’s got 99 problems and complicated fries were just one. Let’s crack on! — Tonya Garcia Market Snapshot Sweetgreen Inc $6.14 +4.8% Puma SE $23.66 -3.1% Urban Outfitters Inc $68.76 +5.0% J M Smucker Co/The $116.00 +8.8% Steven Madden Ltd $36.86 +2.9% Market data as of 09:14 AM ET. Data is subject to provider delays. Tariff mayhem continues after top court ruling The Supreme Court sent shockwaves with its decision striking down the expansive global tariffs that had been key to President Donald Trump’s economic policy. Once the initial surprise wore off, consumer companies, which are in the midst of reporting quarterly earnings, were left with the question of how to proceed. Even though the high court made its ruling, it didn’t really settle the matter. As soon as the ruling was announced, Trump said there would be a fresh round of levies . Urban Outfitters executives decided to stick with the pre-Supreme Court decision guidance they’d already settled on, saying they’re cautious about making plans. Steven Madden leaders had an outlook for the year until they scrapped it , saying it wouldn’t be “responsible” to put out earnings guidance when things are uncertain. (They did offer a revenue range.) Our own Bloomberg Intelligence analyst, Mary Ross Gilbert, says the company “could’ve provided a couple of scenarios” at least. Many companies are trying to recoup their portion of as much ...
(RTTNews) - The Labor Department released a report on Friday showing producer prices in the U.S. increased by more than expected in the month of January.
(RTTNews) - The Labor Department released a report on Friday showing producer prices in the U.S. increased by more than expected in the month of January.