Category: 3. Business

  • Eggs, milk, rice and potatoes – The Irish Times

    Eggs, milk, rice and potatoes – The Irish Times

    Planning to make pancakes this week?

    Shrove Tuesday marks the start of Lent, which was traditionally a time of religious fasting from meat and animal products. Pancakes were a way to indulge in eggs, butter and milk before the abstinence began, according to the National Museum of Ireland.

    These foods weren’t consumed again until Easter Sunday, in some traditions. But what did our ancestors do with the surplus eggs, butter and milk for 40 days? If food prices were as crazy as they are today, you can be sure they would be mindful of waste.

    A freezer would have come in really handy for the ascetics, and eggs are one of the many surprising things you can freeze. Freeze them, but not in their shells, and they will last for up to a year, according to Stopfoodwaste.ie, an Environmental Protection Agency (EPA) initiative. You could actually still use them for next year’s pancake Tuesday.

    With food prices escalating as they are, freezing eggs for a year could even be an act of financial hedging. Eggs, along with dairy products, are among the items whose prices are rising fastest.

    Unprocessed foods like eggs – a category that also includes meat, poultry, fresh fruit, vegetables, whole grains and cereals – saw an annualised increase in price of 5.8 per cent, according to Central Statistics Office (CSO) figures published in January. That’s more than twice the overall rate of inflation.

    You can pay about €2.50 for half a dozen eggs these days; that’s about 42 cents per egg. If freezing an egg seems like a hassle, think of it like throwing money in the bin. Would you throw 42 cents in the bin?

    To freeze whole eggs, beat them first and put them into silicon muffin trays or a freezer bag, says Stopfoodwaste.ie. Spare egg whites and yolks can also be frozen. When freezing several eggs, label with the number of eggs, as well as the date.

    You can freeze milk too. So if you find you have extra in the fridge that you won’t consume before the use-by date, just freeze it.

    Why is it raining so much? Persistent rain in Ireland driven by an unusual combination of eventsOpens in new window ]

    Milk will be fine in the freezer for up to a month. It expands when frozen, so use a little bit first to make extra space in the container.

    You can freeze milk in its container if it’s plastic, but not in glass bottles, according to Lovefoodhatewaste.ie – a resource of the global environmental charity, WRAP. Alternatively, freeze milk in ice cube trays for popping straight into your hot drinks.

    Ideally, you should defrost frozen milk fully in the fridge. Or use a microwave on the defrost setting. But if it’s frozen in an ice cube tray, you don’t need to defrost it for using in your cuppa or adding to sauces, says the charity.

    You can also freeze rice and potatoes, two other staples whose prices are rising fastest and that we often cook too much of. You can freeze yoghurt in its container too, and cheese (grate it first).

    Irish households threw away an estimated 221,000 tonnes of food in 2023, according to the EPA. That’s equal to about 120kg of food waste per household, or 43kg per person. That’s about half the weight of a full brown bin, says the EPA.

    Households could save about €60 per month, or €700 a year, by avoiding food waste, the agency estimates.

    Counting the cost of food waste: ‘People don’t have enough to eat not due to lack of production, but lack of access’Opens in new window ]

    Food waste contributes to climate change too, with greenhouse gas emissions from food production, manufacture, packaging, transport and waste warming our planet. The impacts include the rising sea levels, flooding and extreme weather events that are already putting lives and livelihoods at risk.

    Escalating food prices can make us feel powerless – and life is busy, so freezing and defrosting takes planning – but the ‘season’ of Lent could be a chance to develop a habit that’s good for your pocket and for the planet.

    A 40-day fast is one way to control your grocery bill, or you could just limit your food waste and get freezing. For more, visit Stopfoodwaste.ie

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  • Aussie dollar extends rally for a fourth week ahead of key jobs data

    Aussie dollar extends rally for a fourth week ahead of key jobs data

    Factors driving the Aussie dollar’s rise

    AUD/USD finished higher last week at 0.7073 (0.86%), marking a fourth consecutive week of gains that included a fresh three-and-a-half-year high at 0.7147.

    Three main factors fuelled the Australian dollar’s ascent:

    1. Hawkish rhetoric from Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser, who emphasised that inflation remains uncomfortably high and the bank stands ready to tighten policy further if needed.
    2. Volatility in precious metals receded following the recent flash crash. With gold finishing the week around a still elevated $5,000 per ounce and silver holding near $78.00, the calmer market helped soothe broader risk sentiment. This stability provided support for the commodity-linked Australian dollar, as a key exporter of these metals.
    3. The United States (US) dollar softened broadly, pressured by a cooler-than-expected January inflation report on Friday. Headline consumer price index (CPI) fell to 2.4% year-over-year (YoY), its lowest level since May, while core CPI eased to 2.5%, its lowest since March 2021. Combined with softer retail sales data earlier in the week, this report largely offset the impact of a firmer non-farm payrolls print, reinforcing expectations for Federal Reserve (Fed) rate cuts.

    What to watch in the week ahead

    Looking ahead, trading volumes will likely be thinner this week due to the Presidents’ Day long weekend in the US and Lunar New Year celebrations across Asia.

    Locally, the key driver will be the Australian labour force report on Thursday, previewed below. Traders will also be closely monitoring US economic releases, including fourth quarter (Q4) 2025 gross domestic product (GDP) and flash purchasing managers’ indices (PMIs), as well as shifts in risk sentiment and commodity price movements.

    Labour force report

    Date: Thursday, 19 February at 11.30am AEDT

    fOR December, employment in Australia surged by 65,000, significantly exceeding the expected 30,000 gain. The unemployment rate fell to 4.1% from 4.3%, defying expectations of a rise to 4.4%, while the participation rate edged higher to 66.7%.

    While December data is notoriously volatile, often influenced by seasonal factors like Christmas hiring, this labour force report nonetheless reinforced the RBA’s assessment of tight labour market conditions. It also validated feedback from RBA liaisons, who noted that a significant share of firms continues to struggle with sourcing labour. This tightness, alongside elevated and persistent inflation, prompted the RBA to raise rates by 25 basis points (bp) to 3.85% earlier this month.

    This week’s labour force update is expected to show a gain of 20,000 jobs, with the unemployment rate ticking up to 4.2% and the participation rate rising to 66.8%. Markets will be watching closely for confirmation of a cooler number after December’s big surge.

    However, should we see another red-hot jobs print, the market could pull forward the timing of the RBA’s next rate hike – currently about 75% priced for June – into May.

    AU unemployment rate chart

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  • US stocks end week lower as Amazon losing streak extends

    US stocks end week lower as Amazon losing streak extends

    Cooler inflation fails to lift US markets, Amazon slumps

    Despite a modest rebound in United States (US) stock markets on Friday night following a cooler-than-expected inflation report, all three major US indices finished the week lower. The S&P 500 fell 1.39%, the Nasdaq 100 lost 1.37%, and the Dow Jones closed 614 points lower (1.23%) after hitting a fresh record high earlier in the week.

    The January inflation report on Friday night showed headline inflation falling to 2.4% year-over-year (YoY), its lowest level since May. The core consumer price index (CPI) also eased to 2.5%, marking its lowest reading since March 2021, down from the previous 2.6%.

    The cooler inflation reading, combined with softer retail sales data released last week, largely offset the impact of the firmer non-farm payrolls report, bolstering expectations for Federal Reserve (Fed) rate cuts.

    In the stock space, Amazon shares closed lower on Friday at $198.79 (0.41%), marking a ninth consecutive daily decline, the stock’s longest losing streak since July 2006. The primary driver of this sell-off is investor anxiety following the company’s recent earnings report, where it guided for a staggering $200 billion in capital expenditure for 2026, a figure far exceeding Wall Street’s expectations of around $150 billion.

    Having now fallen 23% from its early November high of $258.60, Amazon is fast approaching multi-month trendline support near $191.

    Looking ahead: key factors to watch

    Looking ahead, US stock markets (including the NYSE, Nasdaq, and major indices like the S&P 500 and Dow Jones) are closed today in observance of Presidents’ Day holiday. The ‘Big Beautiful Bill’ tax refunds begin this week, with hopes that some of these funds will boost flagging tech stocks.

    Meanwhile, the US earnings season continues with reports due from companies including DoorDash, Coca-Cola, Walmart, Deere & Company, and Dropbox before NVIDIA provides the unofficial earnings season finale on 26 February.

    The economic calendar this week is packed, featuring the following: 

    GDP growth rate Q4 advanced

    Date: Saturday, 21 February

    The US economy expanded at an annualised rate of 4.4% in the third quarter (Q3) 2025, marking its strongest advance in two years and accelerating from the second quarter’s (Q2) 3.8%. This impressive growth was fuelled by resilient consumer spending and robust exports. While imports and inventory adjustments provided some offsets, the overall performance highlighted the economy’s resilience, even amidst tariff uncertainties and softening labour markets.

    However, the 43-day US government shutdown last year casts a notable shadow over the upcoming Q4 GDP release, with expectations for Q4 2025 GDP to fall sharply towards 3%. Interestingly, the Atlanta Fed’s GDPNow estimate, updated 10 February 2026, projects a slightly stronger 3.7% annualised rate for Q4.

    A partial rebound from the shutdown’s impact is anticipated in first quarter (Q1) 2026, also supported by the tailwinds of President Trump’s ‘One big, beautiful Bill.’

    The US interest rate market starts the week pricing in roughly 59 basis points (bp) of Fed cuts for 2026, with the first 25 bp move almost fully priced for June and a second in October.

    US GDP growth rate chart

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  • Private companies account for 55% of SAM Engineering & Equipment (M) Berhad’s (KLSE:SAM) ownership, while institutions account for 27%

    Private companies account for 55% of SAM Engineering & Equipment (M) Berhad’s (KLSE:SAM) ownership, while institutions account for 27%

    This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

    If you want to know who really controls SAM Engineering & Equipment (M) Berhad (KLSE:SAM), then you’ll have to look at the makeup of its share registry. With 55% stake, private companies possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).

    Institutions, on the other hand, account for 27% of the company’s stockholders. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones.

    In the chart below, we zoom in on the different ownership groups of SAM Engineering & Equipment (M) Berhad.

    Check out our latest analysis for SAM Engineering & Equipment (M) Berhad

    KLSE:SAM Ownership Breakdown February 16th 2026

    Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

    We can see that SAM Engineering & Equipment (M) Berhad does have institutional investors; and they hold a good portion of the company’s stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there’s always a risk that they are in a ‘crowded trade’. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see SAM Engineering & Equipment (M) Berhad’s historic earnings and revenue below, but keep in mind there’s always more to the story.

    earnings-and-revenue-growth
    KLSE:SAM Earnings and Revenue Growth February 16th 2026

    We note that hedge funds don’t have a meaningful investment in SAM Engineering & Equipment (M) Berhad. Accuron Technologies Limited is currently the largest shareholder, with 55% of shares outstanding. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. Employees Provident Fund of Malaysia is the second largest shareholder owning 5.9% of common stock, and Public Mutual Bhd. holds about 5.5% of the company stock.

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  • Indian rupee to remain on defensive, bonds to react to supply pressure – Reuters

    1. Indian rupee to remain on defensive, bonds to react to supply pressure  Reuters
    2. USD/INR: Interim trade deal caps near-term INR gains – MUFG  FXStreet
    3. The focus turns to US CPI with Indian Rupee trading in a crucial spot versus the US Dollar  investingLive
    4. Rupee slips 3 paise to 90.64 amid strong dollar, weak equities  Deccan Herald
    5. Rupee weakens as RBI intervenes; forex reserves drop $6.7 billion  Business Standard

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  • Rio Tinto halts activity at SimFer iron ore mine after fatal incident

    (Alliance News) – Rio Tinto PLC on Sunday reported the death of a worker at the Simandou iron ore project in Guinea.

    The London-based diversified mining company said the death of an employee of a contracting company followed an incident at the mine site in Nzerekore.

    The site belongs to the SimFer, a joint venture with the government of Guinea and Hong Kong-based Chalco Iron Ore Holdings Ltd. Rio Tinto owns 53% of SimFer Jersey, which in turn owns 85% of the SimFer joint venture.

    Rio Tinto Chief Executive Simon Trott said: “Our thoughts and deepest condolences are with the family, friends and colleagues of our teammate who lost their life, and with everyone affected by this tragedy. We are providing our full support and will work with relevant authorities, our partners and contractors to complete a thorough investigation to fully understand what happened and prevent reoccurrence.

    “Nothing is more important than the safety of everyone who works with us. We are determined to learn from this incident and to do everything we can to provide the safest possible workplace and prevent tragedies like this from happening.”

    The Rio Tinto chief will travel to the West African nation this week and activity at the mine site has been suspended.

    Rio Tinto shares ended 1.7% lower at 7,091.00 pence in London on Friday and shares were down 3.7% at AUD163.54 in Sydney on Monday morning.

    By Elijah Dale, Alliance News senior reporter Asia-Pacific

    Comments and questions to newsroom@alliancenews.com

    Copyright 2026 Alliance News Ltd. All Rights Reserved.

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  • Cleanaway Waste Management Limited’s (ASX:CWY) Intrinsic Value Is Potentially 90% Above Its Share Price

    Cleanaway Waste Management Limited’s (ASX:CWY) Intrinsic Value Is Potentially 90% Above Its Share Price

    • The projected fair value for Cleanaway Waste Management is AU$4.49 based on 2 Stage Free Cash Flow to Equity

    • Current share price of AU$2.37 suggests Cleanaway Waste Management is potentially 47% undervalued

    • Analyst price target for CWY is AU$3.09 which is 31% below our fair value estimate

    How far off is Cleanaway Waste Management Limited (ASX:CWY) from its intrinsic value? Using the most recent financial data, we’ll take a look at whether the stock is fairly priced by taking the forecast future cash flows of the company and discounting them back to today’s value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Believe it or not, it’s not too difficult to follow, as you’ll see from our example!

    We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.

    Trump has pledged to “unleash” American oil and gas and these 15 US stocks have developments that are poised to benefit.

    We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company’s cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

    A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today’s dollars:

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2035

    Levered FCF (A$, Millions)

    AU$196.4m

    AU$286.9m

    AU$338.7m

    AU$378.3m

    AU$413.2m

    AU$444.2m

    AU$472.1m

    AU$497.8m

    AU$522.0m

    AU$545.1m

    Growth Rate Estimate Source

    Analyst x3

    Analyst x4

    Analyst x3

    Est @ 11.69%

    Est @ 9.22%

    Est @ 7.50%

    Est @ 6.29%

    Est @ 5.44%

    Est @ 4.85%

    Est @ 4.44%

    Present Value (A$, Millions) Discounted @ 7.3%

    AU$183

    AU$249

    AU$274

    AU$286

    AU$291

    AU$292

    AU$289

    AU$284

    AU$278

    AU$270

    (“Est” = FCF growth rate estimated by Simply Wall St)
    Present Value of 10-year Cash Flow (PVCF) = AU$2.7b

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  • OpenClaw founder Steinberger joins OpenAI, open-source bot becomes foundation – Reuters

    1. OpenClaw founder Steinberger joins OpenAI, open-source bot becomes foundation  Reuters
    2. OpenAI in Advanced Talks to Hire OpenClaw Founder, Others Connected to Agent Project  The Information
    3. OpenClaw Creator Gets Big Offers to Acquire AI Sensation—Will It Stay Open Source?  Decrypt
    4. OpenClaw Expands Support of Chinese AI Models Amid Big Tech Interest  trendingtopics.eu
    5. OpenClaw Founder Peter Steinberger Joins OpenAI’s Vision  Global Banking & Finance Review®

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  • One in Three International Students Abandon Applications Over Poor Communication, New Research Finds

    One in Three International Students Abandon Applications Over Poor Communication, New Research Finds

    Universities are losing prospective international students before they even apply, with one in three students abandoning an application altogether due to communication issues, according to new research released by Sinorbis and Edified.

    The findings form part of Omnichannel Engagement: A New Era of Student Recruitment, drawing on the Sinorbis International Student Survey (SISS) and Edified’s Enquiry Experience Tracker (EET). The message is clear: while institutions continue to invest heavily in marketing and outreach, engagement breakdowns at the enquiry stage are quietly undermining conversion.

    Speed is now the baseline

    The research highlights a widening “engagement gap” between student expectations and institutional performance.

    • 70% of students expect a response within a couple of days
    • 66% say response speed genuinely matters when choosing a university
    • Yet only about one third report receiving a reply within that timeframe
    • 59% disengaged from at least one university because communication felt slow or difficult

    In an environment where 94% of students consider five universities or fewer, even minor friction can be decisive .

    “Strong institutions are losing momentum simply because their experience is slower or more fragmented compared to the speed and service students are accustomed to in their daily lives,” said Nicolas Chu, CEO and Founder of Sinorbis.

    The frustration factor

    The breakdown is not only about speed. The research points to structural issues in how enquiries are handled.

    According to findings from the SISS and EET:

    • 69% of students reported moderate to extreme frustration with university communication
    • 83% had to repeat the same information multiple times
    • More than two in five received conflicting answers from different channels
    • 47% spoke to someone unaware of previous conversations

    These findings suggest that fragmentation across channels and systems is eroding trust at critical decision points.

    Elissa Newall, Senior Partner at Edified, said the enquiry stage offers students “a glimpse of what it might feel like to be part of an institution’s community”. When that glimpse feels disjointed or transactional, confidence drops.

    Messaging matters

    Student preferences are also shifting away from traditional email-centric models.

    The report finds that 55% of students would be more likely to choose a university if they could communicate via their preferred messaging app, such as WhatsApp or WeChat. Yet many institutions still rely primarily on email, where 66% of students reported frustration.

    Edified’s Enquiry Experience Tracker shows that performance varies significantly by channel. In 2025, WhatsApp recorded 100% response coverage, with 78% answered within eight hours, outperforming other channels . However, adding channels without operational readiness has led to inconsistency, unclear ownership and poor follow-up.

    Notably, two in five institutions now receive more than 25,000 international enquiries annually, yet only one in four has a dedicated team managing them . Follow-up remains the weakest performing area across channels.

    From transactional to relational

    The report argues that many universities still treat enquiries as information delivery exercises, rather than moments to build trust. Students, however, value clarity, continuity and proactive communication.

    When asked what made communication stand out, students cited:

    • Fast response times
    • Not having to repeat information
    • Consistent answers across channels
    • Easy access to someone who could genuinely help

    In a market where academic offerings often appear similar, the quality of engagement is becoming a competitive differentiator.

    The omnichannel imperative

    Sinorbis and Edified argue that incremental fixes are not enough. What is required is an integrated, omnichannel engagement strategy that connects messaging platforms, email, forms, CRM systems and workflows into a single, coherent experience.

    Such an approach aims to deliver:

    1. A seamless student experience across preferred channels
    2. Greater operational efficiency and scalability for recruitment teams
    3. Improved visibility, attribution and decision-making through integrated systems

    In short, the research reframes recruitment not as a marketing problem, but as an experience management challenge.

    As competition intensifies globally and students narrow their shortlists, the margin for error continues to shrink. Universities that fail to close the gap between expectation and delivery risk losing students quietly and without explanation.

    The findings serve as a stark reminder: in 2026, it is not only what institutions offer that determines success, but how they respond when a student first reaches out.

    The guide can be seen here.

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  • Cost of commuting rises as govt hikes fuel prices

    Cost of commuting rises as govt hikes fuel prices

    People wait for their turn to get fuel at a petrol station in Peshawar. Photo: Reuters/ File

    The federal government has increased the price of petrol by Rs5 per litre and high-speed diesel by Rs7.32 per litre for the next fortnight, according to a notification issued by the Petroleum Division late on Sunday night.

    Petrol has been raised by Rs5 per litre, taking the price from Rs253.17 to Rs258.17 per litre.

    High-speed diesel (HSD) has been increased by Rs7.32 per litre and now costs Rs275.70 per litre, up from the previous Rs268.38.

    The notification further stated that the revised prices take effect immediately from February 16 and will remain in force for the next fortnight.

    Fuel prices in Pakistan are reviewed fortnightly and are influenced by changes in international oil prices, exchange rate fluctuations, and domestic tax adjustments. Diesel prices are of particular concern as HSD is widely used in transport, agriculture, and power generation, meaning increases often have a direct impact on inflation and the cost of essential goods.

    On February 1, in its fortnightly review, the federal government had reduced the price of high-speed diesel by Rs14 per litre from Rs282.38 to Rs268.38 per litre for the next 15 days, while keeping petrol prices unchanged at Rs253.17 per litre.

    Earlier, sources had said the price of petrol might rise by Rs4.39 per litre, while high-speed diesel was likely to see an increase of Rs5.40 per litre.

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