Pan African Resources logo Key Points Record interim results: Pan African reported H1 gold production up >50%, revenue up 157% to $487 million, earnings up 207% to $148 million and operating cash flow before items up 588% to $260 million; the group is entirely unhedged and expects to be net debt‑free by month‑end. Costs and guidance: H1 all‑in sustaining cost was $1,874/oz (above guidance), with full‑year AISC revised to $1,820–$1,870/oz—management blamed rand strength, share‑based payments, higher roya ...

Altcoin market capitalization (TOTAL2) remained below $1 trillion in February, while market sentiment fell to its most extreme level in years. Many investors expect altcoins to form a bottom soon after five consecutive months of decline. The first quarter of 2026 may still offer opportunities. However, investors need objective signals to evaluate the broader picture. Persistent Selling Pressure and Fragmented Liquidity Weigh on Altcoins A report from CryptoQuant states that selling pressure on altcoins ...

Key Takeaways Arthur Hayes warns Bitcoin could fall below $60,000 if an AI-driven credit shock triggers broader market stress. He argues Bitcoin’s divergence from the Nasdaq signals looming credit destruction tied to AI-related job losses. Despite short-term downside risk, Hayes believes a Federal Reserve liquidity response could ultimately push Bitcoin to new highs. Former BitMEX CEO Arthur Hayes said Bitcoin could fall below $60,000 if an AI-driven credit shock triggers a broader liquidity scra ...

Metsä Board has disclosed plans to establish a new Packaging Design Studio in Milan, Italy, with the facility expected to begin operations in mid-2026. The company said that this development is intended to support collaboration with European brand owners, converters, and packaging developers. The Milan studio will be equipped with the latest tools and technology, including AI-based design and simulation systems. This setup is designed to help improve the efficiency of workshops, sprints, and joint deve ...

Brightstar Resources has selected GR Engineering Services (GRES) as the preferred engineering, procurement and construction (EPC) contractor at the Goldfields processing plant near Laverton. This decision follows a competitive front-end engineering design completed in December last year. The plant, which will have a capacity of 1.5 million tonnes per annum (mtpa), is set to be built under the EPC contract, contingent upon a final investment decision (FID) and contract execution. An early works agreemen ...

Hexaware Technologies has announced a strategic partnership to integrate Replit, an AI-powered software creation platform, with its agentic AI platform RapidX. According to Hexaware, this integration is designed to help enterprise teams move more quickly and efficiently from initial prototyping stages to full-scale deployment of production-grade applications. By combining Hexaware’s AI-guided software engineering tools with Replit’s natural-language-based development capabilities in a single interface, ...

Core Insights - Grenergy has signed a ten-year financial tolling agreement for its 150MW/600 megawatt-hour battery project in Oviedo, Spain, marking a pioneering transaction in the Spanish market [1][2] - The Oviedo project is part of Grenergy's Greenbox platform, which is under development across Europe and represents the largest stand-alone battery initiative announced in Spain to date [2][4] - The project is expected to commence operations in the first half of 2027, with the tolling agreement starting in January 2028 [2] Company Strategy - Grenergy will manage the operation of the asset and battery trading, aiming to enhance its presence in Europe's evolving energy landscape [3] - The Greenbox platform includes a pipeline exceeding 30 gigawatt-hours (GWh) of stand-alone battery storage projects across key European countries [4] - The company is actively seeking opportunities to expand the Greenbox pipeline and establish new tolling agreements in various European markets [4] Industry Impact - Investment in battery storage is crucial for upgrading the electricity grid, allowing for energy storage during high production and release during peak demand [5] - This investment contributes to reducing price fluctuations, facilitating the integration of renewable energy sources, and enhancing grid stability [5] - Grenergy's CEO expressed confidence in replicating the success of previous platforms in the European market, particularly in Spain, where potential is significant [6]

Core Insights - Lego plans to expand its retail presence in India by opening 50 branded outlets by 2030, focusing on major metropolitan areas [1] - Online sales account for about 50% of Lego's revenue in India, with quick commerce contributing over 10% [2] - The local business is growing at over 50% annually, significantly outpacing the global growth rate, which is in single digits [3] Expansion Plans - Currently, Lego operates four stores in Gurugram, Bengaluru, and Chennai, with plans for significant expansion in the Indian market [1] - The company is fast-tracking its strategy in India and committing substantial resources, although specific details were not disclosed [2] Competitive Landscape - In the Indian toy sector, Lego competes with Mattel, Hasbro, and local brand Funskool [3] - Increased parental spending on non-digital play products and interest from adult hobbyists are driving demand for Lego products [3] Product Performance - Formula One-themed Lego sets have exceeded sales expectations, positioning India as a top market for this product line by 2025 [4] - Discussions are ongoing with the Indian Government regarding potential domestic manufacturing, although no immediate production plans exist [4] Market Positioning - Lego targets the premium segment of the Indian market with large, experience-focused stores, complemented by e-commerce and third-party retail to reach smaller cities [5] - A $1 billion manufacturing facility was opened in Vietnam to support regional growth and improve product availability [5]

Core Insights - The Adani Group has announced a $100 billion investment to establish renewable-energy-powered hyperscale data centers across India by 2035, potentially leading to an additional $150 billion in related investments, creating a projected $250 billion domestic AI infrastructure ecosystem within the next decade [1]. Group 1: Investment and Growth Plans - The roadmap aims to expand AdaniConnex's current 2GW national data center capacity to a target of 5GW, with AdaniConnex being a joint venture between The Adani Group and US-based EdgeConneX [2]. - Partnerships with major firms, including Google for a gigawatt-scale AI data center campus in Visakhapatnam and collaborations with Microsoft in Hyderabad and Pune, are part of the growth strategy [2][3]. Group 2: Infrastructure and Technology - The initiative will integrate renewable power generation, energy transmission infrastructure, and hyperscale computing facilities under a coordinated framework, supporting high-density compute clusters for advanced AI workloads [4]. - A portion of the dedicated compute capacity will be allocated for Indian large language models (LLMs) and national data requirements, backed by robust transmission networks [4]. Group 3: Renewable Energy Strategy - Adani Green Energy's Khavda project is central to the group's energy strategy, with over 10GW currently operational out of a planned 30GW, alongside a commitment of an additional $55 billion investment into renewable energy assets, including battery storage solutions [5]. - The chairman of Adani Group emphasized the expansion into a complete five-layer AI stack focused on India's technological sovereignty [5].

China has recently issued new nationwide rules to regulate pricing in the auto industry and curb irregular practices, aiming to restore fair competition and support sustainable market development. The State Administration for Market Regulation’s (SAMR) guidelines set clearer boundaries for lawful pricing by automakers and dealers, require transparent price marking and promotions, and call for stronger internal compliance and industry self-discipline, As pricing normalizes, automakers and dealers may compet ...