Core Insights - EY has reduced its central headcount and financial contributions from member companies during Janet Truncale's first year as global CEO, with global headquarters collecting $1.8 billion from national partnerships, unchanged from the previous year, despite a 4% increase in total revenue across the network [1][5] Financial Performance - The global assessment fee dropped to less than 3.5% of member companies' combined revenue, down from above 4% prior to the collapse of Project Everest in 2023 [2] - Member companies paid an additional $3.2 billion for centrally provided services in the most recent financial year, a decrease from $3.4 billion in the year to June 2024, indicating a focus on cost reduction [5] Workforce Changes - The number of staff employed directly by EY's central body declined by 8% to 964 in the year to June [2] Organizational Structure and Strategy - The failure of Project Everest highlighted the limitations of the central body's authority over the US member firm, prompting a strategic reset by Truncale, which includes cutting management layers and promoting cross-regional collaboration [4] - EY operates as a network of locally owned partnerships supported by a central entity that provides various services, with member companies occasionally resisting financial demands from the global office [3]

Core Insights - China's market regulator is tightening controls on the online food delivery industry to enhance transparency and reduce malpractices [1] - New rules effective from June 1 require food businesses on delivery platforms to use the same name online as on their physical storefronts [1] Regulatory Requirements - Food businesses must keep core information visible on their main webpage, including business license, photos of premises, and operating address [2] - The online address must match the location registered on the food service permit [2] - Merchants are required to adhere to existing rules on sourcing ingredients, maintaining facilities, and standard food preparation procedures [2] Operational Restrictions - The regulation prohibits food processing outside approved preparation areas and outsourcing production to third parties [3] - New rules mandate compulsory labeling for "ghost kitchens," which must display a "no dine-in" label on their main online page [3] Consumer Confidence and Compliance - SAMR's food safety director emphasized that consumer confidence relies on ensuring that "what you order is what you get" [4] - Explicit information disclosure obligations are set for platform operators and online catering service providers across business identity, operating model, and food processing procedures [4] Market Impact - Following the new regulations, several restaurant and beverage operators have reportedly raised prices and reduced subsidies on delivery platforms [5]

In his inaugural letter to shareholders as CEO, Greg Abel signaled a potential shift in Berkshire Hathaway Inc.'s (NYSE:BRK) (NYSE:BRK) equity strategy by not mentioning two of the firm's largest holdings from his list of “core” investments.The ‘Core Four’ Vs. The Missing GiantsAbel's letter emphasized a “concentrated approach” toward businesses Berkshire intends to hold for decades.This omission also aligns with a 9% reduction in the Bank of America stake during the final quarter of 2025. While the Chevron ...

Stock Futures Slump and Oil Prices Rally on Iran ConflictLIVE[Dow Futures Dive as Iran Conflict Rages]Last Updated:---Updated 28 min ago# Stock Futures Slump and Oil Prices Rally on Iran ConflictBy[George Glover]Stocks futures tumbled and oil prices surged early Monday as the conflict in the Middle East [shook up global markets].Futures tracking the Dow Jones Industrial Average shed 564 points, or 1.1%. S&P 500 futures also dropped 1.1%, and contracts tied to the tech-heavy Nasdaq 100 plunged 1.5%.Oil was r ...

Core Viewpoint - Precious metals miners experienced significant gains as gold prices reached record highs following military actions by the US and Israel against Iran, prompting investors to seek safe-haven assets [1][3]. Group 1: Market Reaction - Endeavour Mining PLC, Fresnillo PLC, and Pan African Resources PLC saw their stock prices rise in early trading, with spot gold increasing by 2.6% to exceed $5,411.39 per ounce [2][4]. - The rise in gold prices follows a more than 3% increase from the previous week, with silver also experiencing gains amid heightened geopolitical risks [2]. Group 2: Geopolitical Context - The US and Israel's military strikes on Iran resulted in the death of Ayatollah Ali Khamenei, leading to retaliatory missile attacks from Tehran on various targets, including Dubai Airport, which escalated fears of a wider regional conflict [3]. - Gold is traditionally viewed as a safe investment during times of political and military uncertainty, serving as a reliable store of value [3]. Group 3: Investment Implications - The recent surge in gold prices has drawn attention from both institutional and retail investors, particularly as it surpassed the $5,000 per ounce mark earlier this year [4]. - Mining stocks with significant gold exposure are considered leveraged plays on gold prices, as increased revenues can lead to higher profit margins when production costs remain stable [4].

Group 1: Market Overview - Several altcoins are entering the first week of March with notable catalysts that could drive short-term volatility and trading opportunities [1] - Technical indicators are signaling rising capital inflows in some cases, while broader macro and geopolitical factors continue to shape overall market direction [1] Group 2: Polygon (POL) - Polygon is preparing for the Lisovo Hardfork on March 4, which will introduce smart contract improvements and enhanced wallet support [2] - The Money Flow Index indicates rising capital inflows, suggesting improving investor confidence, with potential price movement above $0.109 resistance and targeting $0.120 [3] - Rising geopolitical tensions could negatively impact altcoins, with potential corrections below $0.104 support and further drops toward $0.099 invalidating the bullish outlook [6] Group 3: Chiliz (CHZ) - CHZ is currently trading at $0.033, remaining below the $0.034 resistance level, and is sensitive to broader macro market cues [7] - Chiliz announced that its Fan Token revenue protocol will fund $CHZ buybacks and burns starting in the first week of March, which could expand utility and support price increases [8] - Persistent bearish macro conditions may derail recovery efforts, with a recent Death Cross signaling weakening trend momentum and potential price drops below $0.032 and $0.030 [9] Group 4: Hyperliquid (HYPE) - HYPE is trading at $30, maintaining above a month-long uptrend support line, with the Chaikin Money Flow indicator showing strengthening inflows [10]

31,202420252025202420252025RMB'000RMB'000USD'000RMB'000RMB'000USD'000Loss from operations(390,658)(12,689)(1,814)(824,891)(185,794) (26,568)Share-based compensation expenses20,29513,9892,00091,17459,0318,440Impairment of goodwill403,076--403,076--Amortization of intangible assets resulting from assets and businessacquisitions60,44710,5021,502106,38542,7296,110Non-GAAP income (loss) from operations93,16011,8021,688(224,256)(84,034)(12,018)Net (loss) income(378,804)3,037433(710,221)(92,414)(13,216)Share-based ...

VANCOUVER, British Columbia, March 02, 2026 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF) will announce its fourth quarter and full year 2025 results on Wednesday, March 25, 2026, after TSX market close. The Company will host a conference call and audio webcast to discuss these results on the same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time (Thursday, March 26, 2026, 8:00 am Australian Eastern Daylight Time). The Company has filed an Appendix 4E preliminary final r ...

Ottawa, Ontario--(Newsfile Corp. - March 2, 2026) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company"), a Canadian developer of high-grade flake graphite deposits and advanced graphite materials for battery, defence, and industrial applications, is pleased to announce that it has shipped a six-tonne bulk ore sample from its 100%-owned Lac Knife Graphite Project ("Lac Knife" or the "Project") to SGS Canada Inc. ("SGS") in Lakefield, Ontario, officially commencing pilot-sca ...

China’s high-end retail market delivered a bifurcated performance during the 2026 Chinese New Year (Year of the Horse), underscoring both pent-up demand and an increasingly nuanced consumer mindset. The extended nine-day Spring Festival holiday injected fresh momentum into fashion and luxury retail. In Beijing, Lao Pu Gold’s counter at SKP reportedly drew queues stretching up to seven hours on the eve of the holiday, with some consumers camping out overnight to secure limited-edition zodiac pieces. In Nan ...