UK's Reeves Announces South Africa Infrastructure Partnership to Boost Investment
The pact, announced in the South African port city of Durban on the sidelines of a Group of 20 meeting, is designed to speed up the delivery of major infrastructure projects in the nation as its scrambles to clear a backlog that's hindering economic growth.
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Associated Press
30 minutes ago
- Associated Press
Libya deports 700 Sudanese migrants in crackdown on trafficking
CAIRO (AP) — Eastern Libyan authorities have sent hundreds of Sudanese back to their war-torn home country, officials said Saturday, in a crackdown on migrants seeking to flee conflict and poverty for Europe by way of the the Mediterranean nation. Seven hundred Sudanese who were detained recently in central and southeastern Libya, were deported Friday by land to Sudan, the Directorate for Combating Illegal Migration in eastern Libya said in a statement. The statement said some of the deportees suffered from infectious diseases including hepatitis and AIDS. Others were deported because of either criminal convictions or 'security reasons,' it said, without elaborating. The deportation was part of an ongoing crackdown campaign on migrant trafficking in eastern Libya, which is controlled by forces of powerful military commander Khalifa Hifter. Last week, the coast guard in eastern Libya said it intercepted a boat carrying 80 Europe-bound migrants off the eastern city of Tobruk. The campaign includes raids on trafficking hubs across eastern and southern Libya. A raid earlier this month freed 104 Sudanese migrants, including women and children, who were held in a trafficking warehouse in the town of Ajdabiya, about 480 miles (800 kilometers) east of the capital, Tripoli, according to town security authorities. Libya has in recent years become a transit point for those fleeing wars and poverty in the Middle East and Africa, and seeking a better life in Europe. Human traffickers have benefited from more than a decade of instability, smuggling migrants across Libya's borders with six nations, including Chad, Niger, Sudan Egypt, Algeria and Tunisia. The North African country was plunged into chaos following a NATO-backed uprising that toppled and killed longtime autocrat Muammar Gaddafi in 2011. Oil-rich Libya has been ruled for most of the past decade by rival governments in eastern and western Libya, each backed by an array of militias and foreign governments. Thousands of Sudanese have fled to Libya since their country plunged into chaos in April 2023 after simmering tensions between the Sudanese military and a powerful paramilitary group exploded into street fighting across the country. They are among the more than 240,000 Sudanese migrants who live in Libya, according to the U.N.'s International Organization for Migration.
Yahoo
2 hours ago
- Yahoo
Return Trends At Livestock Improvement (NZSE:LIC) Aren't Appealing
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Livestock Improvement (NZSE:LIC) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Return On Capital Employed (ROCE): What Is It? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Livestock Improvement: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.074 = NZ$28m ÷ (NZ$410m - NZ$30m) (Based on the trailing twelve months to May 2025). Thus, Livestock Improvement has an ROCE of 7.4%. Ultimately, that's a low return and it under-performs the Food industry average of 9.6%. View our latest analysis for Livestock Improvement Historical performance is a great place to start when researching a stock so above you can see the gauge for Livestock Improvement's ROCE against it's prior returns. If you'd like to look at how Livestock Improvement has performed in the past in other metrics, you can view this free graph of Livestock Improvement's past earnings, revenue and cash flow. What Can We Tell From Livestock Improvement's ROCE Trend? Over the past five years, Livestock Improvement's ROCE and capital employed have both remained mostly flat. It's not uncommon to see this when looking at a mature and stable business that isn't re-investing its earnings because it has likely passed that phase of the business cycle. So don't be surprised if Livestock Improvement doesn't end up being a multi-bagger in a few years time. In Conclusion... In a nutshell, Livestock Improvement has been trudging along with the same returns from the same amount of capital over the last five years. Investors must think there's better things to come because the stock has knocked it out of the park, delivering a 145% gain to shareholders who have held over the last five years. Ultimately, if the underlying trends persist, we wouldn't hold our breath on it being a multi-bagger going forward. Livestock Improvement does come with some risks though, we found 4 warning signs in our investment analysis, and 2 of those don't sit too well with us... If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
How 3% Of A Shoe Company Made Federer More Money Than 20 Grand Slam Wins
Tennis great Roger Federer's most lucrative financial move wasn't made on a tennis court — it came through a strategic investment in a Swiss sneaker company, On Holding AG (NYSE:ONON). According to Bloomberg's Billionaire Index, Federer has amassed a net worth of $1.3 billion. While he earned $130.6 million in prize money during his 24-year career — including 20 Grand Slam titles — his wealth primarily stems from endorsements and investments. Don't Miss: —with up to 120% bonus shares—before this Uber-style disruption hits the public markets Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — From Grand Slams To Billionaire Status Federer joins the ranks of billionaire athletes, including Michael Jordan, LeBron James and Tiger Woods. His net worth reflects a combination of endorsements, equity stakes, and earnings, adjusted for Swiss tax rates and market performance, according to Bloomberg. Many of his partnerships have spanned decades. Federer earns $8 million annually from Rolex and $5 million from Mercedes-Benz, and also received $20 million from Swiss chocolatier Lindt, Fortune reported. However, his biggest financial wins came in the later stages of his career. The Uniqlo Deal That Led to a $500 Million Sneaker Bet In 2018, Roger Federer ended his long-standing apparel partnership with Nike (NYSE:NKE) and signed a $300 million, 10-year deal with the Japanese clothing brand Uniqlo. Unlike Nike, Uniqlo doesn't produce footwear, giving Federer the freedom to explore new opportunities in the shoe market. Trending: $100k+ in investable assets? – no cost, no obligation. That opening led to a pivotal investment in On Holding, then an emerging sneaker maker. Federer first came across the brand after his wife bought a pair and introduced him to its founders. Impressed by the product and vision, he met with the team and later collaborated on developing his own line of performance shoes, Bloomberg reported. Federer ultimately purchased an estimated 3% stake in On. The brand's popularity has surged, particularly in the U.S., and it now has a market capitalization of more than $17 billion. Bloomberg estimates Federer's stake is worth at least $500 million—nearly four times his total tennis prize earnings over two decades. From Athlete to Investor: A Shifting Playbook Jordan, James and Woods are all part of the billionaires club, not just through sports performance but through savvy business decisions. Federer joins that group by taking a longer-term approach. While many athletes today expand their influence through social media and brand visibility, Federer has taken a different has remained selective about his public presence and commercial commitments, avoiding commentary roles and short-term sponsorships. Instead, Federer works with long-term advisors, including his management company Team8 and investment firm Format A, to focus on brand partnerships and philanthropy that align with his personal values, according to Bloomberg. A Legacy Beyond the Court In a commencement speech at Dartmouth College last year, Federer urged graduates to look beyond their careers and focus on meaning and impact. "All of you have so much to give, and I hope you will find your own unique ways to make a difference, because life really is much bigger than the court," he said. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? NIKE (NKE): Free Stock Analysis Report This article How 3% Of A Shoe Company Made Federer More Money Than 20 Grand Slam Wins originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
