Goldman Warns Europe's Gas Refill at Risk if Prices Drop Further
'We think that prices have to stay at current levels, or slightly above, in order to kill LNG demand outside of Europe,' Samantha Dart, the co-head of global commodities research, said on Bloomberg television. 'If LNG gets too cheap this summer, you tend to see other buyers picking it up.'
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Yahoo
12 minutes ago
- Yahoo
Swiss luxury watchmakers drop after Trump tariff shock
(Reuters) -Swiss luxury watchmakers' shares, including Richemont and Swatch, were volatile in early trade on Monday, underscoring the challenges for the industry after U.S. President Donald Trump imposed a 39% tariff on Swiss imports. The sector, which exported watches worth 26 billion Swiss francs ($32.79 billion) in 2024, is already under pressure from a stronger franc and falling global demand. Watch exports are on track to hit their lowest levels since the pandemic in 2020. Shares in Richemont and Swatch were both down 0.8% at 0825 GMT, paring back losses after earlier falling as much as 3.4%, and 5%, respectively. Monday was the first day of trading following the U.S. tariff announcement, as markets were closed on Friday for the Swiss National Day. "The impact of the U.S. tariffs, if they stay at 39%, could be devastating for numerous brands in Switzerland," said Jean-Philippe Bertschy, an analyst at Vontobel. "We expect a strong negative impact for watches in the entry- to mid-price segments," he said. The U.S. is Switzerland's leading foreign market for watches, accounting for 16.8% of exports worth about 4.4 billion francs ($5.45 billion), according to the Federation of the Swiss Watch Industry. Shahzaib Khan, who runs a business exporting Swiss luxury watches, said many brands would not be able to deal with the 39% tariff rate. "I suspect ... there won't be any goods being shipped to the U.S. until the situation clears," he said. While Richemont generated 32% of its full-year 2025 sales in the watches category, its exposure to the United States market should be just below 10% of overall sales, analysts at Jefferies said. Swatch, meanwhile, generated 18% of its 2024 sales in the United States, with its CEO saying the company had raised prices by 5% following the first tariffs announcement in April. 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
Yahoo
12 minutes ago
- Yahoo
MVNO Global Market Analysis and Forecast Report 2025-2030: eSIM Technology Enhances Flexibility as MVNO Adoption Accelerates Among Digital-First Consumers
Dublin, Aug. 04, 2025 (GLOBE NEWSWIRE) -- The "MVNO Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application, Product Type" report has been added to offering. The MVNO market is driven by increasing demand for affordable mobile services, with over 2 billion prepaid mobile subscribers globally, and the growing need for customized connectivity in business and IoT applications. The rise of digital-first consumers and eSIM technology further accelerates MVNO adoption, particularly in competitive telecom Analysis North America: The U.S. leads with a mature MVNO market, driven by discount and business-focused providers. Canada emphasizes prepaid and youth-oriented services, with strong competition from MNOs. Europe: The UK, Germany, and France dominate due to high MVNO penetration and regulatory support for competition. The region focuses on bundled and ethnic services. Asia Pacific: China and India see rapid growth due to massive mobile subscriber bases and demand for affordable data plans. Japan prioritizes IoT-focused MVNOs for smart devices. Rest of the World: Brazil expands MVNO adoption in rural areas, while the Middle East, particularly the UAE, invests in business and IoT-centric services. Application Analysis Discount: Expected growth of 5-9%, driven by price-sensitive consumers. Trends focus on low-cost, data-heavy plans. Specialist Data: Projected growth of 6-11%, fueled by IoT and M2M connectivity needs. Developments emphasize low-latency solutions. Ethnic: Anticipated growth of 4-8%, targeting diaspora communities. Advances highlight multilingual customer support. Business: Expected growth of 6-10%, driven by enterprise mobility solutions. Trends focus on secure, scalable connectivity. International/Roaming: Projected growth of 5-9%, linked to global travel recovery. Developments prioritize seamless roaming packages. Youth/Media: Anticipated growth of 6-11%, driven by streaming and social media usage. Advances highlight bundled content subscriptions. Bundled: Expected growth of 5-10%, tied to integrated voice, data, and content offerings. Trends focus on eSIM integration. Others: Anticipated growth of 4-8%, including niche services like seniors' plans, with developments in customized offerings. By Type Analysis Reseller: Expected growth of 4-8%, driven by branding and marketing focus. Trends highlight partnerships with MNOs. Service Operator: Projected growth of 5-10%, fueled by customer service differentiation. Advances emphasize value-added services. Full MVNO: Anticipated growth of 6-11%, tied to greater control over infrastructure. Developments focus on IoT and 5G integration. Key Market PlayersLeading firms include Asahi Net, Virgin Mobile, and Virgin Media Business, offering youth and business services; KDDI and Voiceworks, focusing on enterprise solutions; Ting, Red Pocket Mobile, Tracfone Wireless, Boost Mobile, Lycamobile, and Lebara, providing discount and ethnic plans; TescoMobile, Asda Mobile, and Giffgaff, targeting UK consumers; Airvoice Wireless, Consumer Cellular, and Kajeet, serving niche markets; Hologram, Airlink, EMnify, 1NCE, 10T, Soracom, and Onomondo, specializing in IoT connectivity. These companies drive growth through tailored offerings and strategic partnerships. Market Opportunities and ChallengesOpportunities: The global rise in IoT devices, projected to exceed 30 billion by 2030, drives demand for specialist data MVNOs. The adoption of eSIM technology, with over 1 billion eSIM-capable devices by 2025, enhances flexibility. Regulatory support in Europe and Asia Pacific fosters MVNO growth, while emerging markets offer untapped potential for discount and ethnic High dependency on MNOs limits pricing and service flexibility. Intense competition from MNOs and OTT platforms pressures margins. Regulatory variations across regions complicate expansion, and limited brand recognition for smaller MVNOs hinders market Topics Covered: Chapter 1 Executive SummaryChapter 2 Abbreviation and AcronymsChapter 3 PrefaceChapter 4 Market Landscape4.1 Market Overview4.2 Classification/Types4.3 Application/End UsersChapter 5 Market Trend Analysis5.1 Introduction5.2 Drivers5.3 Restraints5.4 Opportunities5.5 ThreatsChapter 6 Industry Chain Analysis6.1 Upstream/Suppliers Analysis6.2 MVNO Analysis6.2.1 Technology Analysis6.2.2 Cost Analysis6.2.3 Market Channel Analysis6.3 Downstream Buyers/End UsersChapter 7 Latest Market Dynamics7.1 Latest News7.2 Merger and Acquisition7.3 Planned/Future Project7.4 Policy DynamicsChapter 8 Historical and Forecast MVNO Market in North America (2020-2030)Chapter 9 Historical and Forecast MVNO Market in South America (2020-2030)Chapter 10 Historical and Forecast MVNO Market in Asia & Pacific (2020-2030)Chapter 11 Historical and Forecast MVNO Market in Europe (2020-2030)Chapter 12 Historical and Forecast MVNO Market in MEA (2020-2030)Chapter 13 Summary For Global MVNO Market (2020-2025)13.1 MVNO Market Size13.2 MVNO Market by End Use13.3 Competition by Players/Suppliers13.4 MVNO Market Size by TypeChapter 14 Global MVNO Market Forecast (2025-2030)14.1 MVNO Market Size Forecast14.2 MVNO Application Forecast14.3 Competition by Players/Suppliers14.4 MVNO Type ForecastChapter 15 Analysis of Global Key Vendors Asahi Net Virgin Mobile Virgin Media Business KDDl Voiceworks Ting Red Pocket Mobile Tracfone Wireless Boost Mobile Lycamobile Dataxoom Lebara TescoMobile Postemobile Asda Mobile Gifgaff Airvoice Wireless Kajeet ConsumerCellular Hologram Airling EMnify 1NCE 10T Soracom Onomondo For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Bloomberg
14 minutes ago
- Bloomberg
Stock Movers: Lindt, Lloyds, Air France
On this episode of Stock Movers: - Lindt shares fell 1.8% to 116,800 Swiss francs as traders had their first opportunity to react to US President Donald Trump's punitive 39% export tariff on Switzerland. - Lloyds rose 6.8% after they won a major reprieve in a pivotal UK car finance case. After markets closed on Friday, the Supreme Court agreed that banks should only pay compensation in the most serious cases of motor finance misselling, overturning most of a lower court ruling that last year had sent shares in affected banks spiraling. - Air France-KLM was up 7.7% after it was raised to equal-weight at Barclays. It reported earnings that topped and sales that trailed estimates for the quarter on July 31.
