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Lenovo Group Shares Jump Nearly 10% as Broader Asian Tech Rally Follows Microsoft’s Blowout Earnings

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Shares of Lenovo Group surged 9.75% on Friday, climbing 2.12 Hong Kong dollars to reach 23.86 Hong Kong dollars, as the world’s largest personal computer maker rode a powerful rally sweeping across Asian technology stocks following blockbuster earnings from Microsoft and other major U.S. technology companies.

The rally traced its roots to a powerful overnight session on Wall Street. Microsoft shares soared roughly 15.5% Thursday, marking the company’s best single-day performance in nearly 18 years, after the technology giant reported that its Azure cloud computing division grew 43% during the quarter, easing broader investor concerns about the sustainability of massive capital spending on artificial intelligence infrastructure. Amazon and Meta Platforms also posted results that exceeded market expectations, reinforcing confidence that demand for AI-related computing infrastructure remains robust across the global technology sector.

Friday’s gains build on an extraordinary year for Lenovo shares, which have surged 137% on a year-to-date basis, according to StockAnalysis.com, driven by the company’s rapidly expanding artificial intelligence infrastructure business alongside resilience in its core personal computer operations. In late May, Lenovo shares jumped as much as 85% to reach a fresh all-time high in Hong Kong trading after the company reported its fastest revenue growth in years, with record fiscal fourth-quarter revenue and its strongest full-year results in company history. AI-related revenue surged 84% during that quarter, according to StockAnalysis.com, becoming the standout performer within the company’s broader business.

Following that late-May earnings report, shares continued climbing throughout the following week, gaining almost 25%, including an 8.4% rise on a single Wednesday, according to MarketScreener, building on an initial 20% jump the prior Friday. Lenovo has set its sights on reaching $100 billion in annual revenue, a goal the company expects to achieve within the next two years, according to the same report.

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DBS analyst Jim Au said Lenovo’s results demonstrated the company had successfully translated its artificial intelligence infrastructure investments into tangible profitability. “Lenovo has now demonstrated that its AI infrastructure growth can convert into profit,” Au said, according to MarketScreener, adding that AI demand boosted by rising data center and server demand amid growing adoption of agentic AI is expected to continue supporting the segment’s revenue growth.

Lenovo’s infrastructure solutions segment, which had previously weighed on the company’s overall profit margins, delivered its highest-ever quarterly revenue and operating profit during the same reporting period, aided by a strengthened business model following recent restructuring efforts and robust underlying AI demand. Morningstar has forecast that Lenovo’s infrastructure segment revenue will rise 35% in fiscal 2027 as customers race to bring AI infrastructure online, with the firm noting customers appear willing to pay a premium to secure Lenovo’s ability to coordinate complex infrastructure deployments.

Lenovo’s core personal computer business has also proven more resilient than some analysts had anticipated despite surging global memory chip costs. Multiple analysts have noted that the company has been able to pass rising memory costs on to customers more effectively than initially feared, a dynamic attributed to Lenovo’s strong brand image and its increasing focus on premium product offerings. Lenovo remained the world’s leading personal computer maker by shipments during the first three months of 2026, holding a market share of 25%, according to data from industry tracker IDC cited by MarketScreener.

Multiple major brokerages have raised their price targets on Lenovo following the company’s recent results, including Citi, DBS and Goldman Sachs, according to MarketScreener. Counterpoint Research analyst Ivan Lam has cautioned, however, that surging memory chip costs remain a key risk facing the company going forward, warning that continued cost pressure could squeeze margins and potentially force further pricing adjustments, according to StockAnalysis.com.

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Not every recent session has favored Lenovo shares. The stock suffered one of its biggest single-day declines on the Hong Kong exchange after executives shared a bullish long-term outlook specifically on memory chip prices, a signal that some investors interpreted as an indication of sustained cost pressure ahead for the company’s hardware business, according to StockAnalysis.com.

Lenovo has continued expanding its artificial intelligence product offerings beyond its core infrastructure business. The company recently announced an expansion of what it calls the Lenovo Hybrid AI Advantage, adding a portfolio of AI inferencing and agentic AI innovations designed to help organizations deploy artificial intelligence capabilities more broadly. Lenovo has also been ranked in the Gartner Supply Chain Top 25 for 2026, achieving what the company described as its highest-ever ranking in that industry benchmark.

Lenovo’s stock currently trades within a 52-week range of 8.52 to 27.42 Hong Kong dollars, according to Investing.com, reflecting the dramatic scale of the rally the company’s shares have experienced over the past year. The stock carries an average 12-month analyst price target of 28.21 Hong Kong dollars, with 16 analysts recommending a buy rating and none suggesting a sell, resulting in an overall buy consensus. Lenovo’s next quarterly earnings report is scheduled for release on August 13, which will give investors their next detailed look at whether the company’s AI infrastructure momentum has continued into the new fiscal quarter.

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The threat to summer holidays looming with jet fuel shortages

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BBC InDepth

Addressing the structural reasons why the UK is so dependent on imports, meanwhile, is likely to be trickier. Back in the 1970s, the country had 18 refineries – but that’s now down to four.

“I think there is probably a point in saying, actually, do we need more resilience from a homegrown perspective in terms of our capacity in the UK to be able to refine a higher proportion of our fuel?” says Skybus’ CEO Jonathan Hinkles.

The question is how that could be done. The remaining refineries have already been asked to prioritise jet fuel production. But according to Amaar Khan, “this doesn’t happen overnight, and doesn’t result in a significant increase in jet fuel output”.

One option could be to boost local production of Sustainable Aviation Fuel (SAF). A synthetic fuel, it can be derived from wastes, such as old cooking oil and agricultural residues; from dedicated energy crops; or from using renewable energy to convert water and carbon dioxide into liquid hydrocarbons known as e-fuels.

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So far SAF, as the name suggests, has been promoted mainly for its environmental credentials. These can vary widely depending on the method used to make it, but in general burning SAF adds less carbon to the atmosphere than burning fossil fuels. Both the UK and the EU have mandates to significantly increase the amount of SAF used over the next 25 years.

However, the industry is in its infancy. There is relatively little SAF available at the moment, a large chunk of what we use comes from East Asia, and it is very expensive – typically trading at more than $1000 per tonne more than conventional fuel. Nevertheless, Hinkles believes if these problems can be overcome, SAF can help reduce our reliance on foreign imports.

“It really becomes a question of; can you actually get SAF? Can we scale up production of SAF at a meaningful rate in the UK or Europe to take over an increasing proportion of jet fuel supply?”, he says.

Green campaigners agree. “Increasing SAF production won’t eliminate jet fuel imports overnight,” says Tom Taylor, UK policy manager for lobby group Transport and Environment.

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“But by scaling it up, we can shift the source of aviation fuel from geopolitically sensitive fossil fuels to locally managed renewable grids and waste streams.”

That would require investment on a large scale, however, and clearly remains a long way off.

In the short term, meanwhile, dark clouds are hanging over the industry. There seems little prospect of jet fuel prices coming down quickly, and if fears of a shortage prove justified, then the aviation industry and the travellers that rely on it are heading for a turbulent summer.

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Nobody Approved Power BI. It’s Now Running Your Business.

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Poorly designed and inadequately maintained workplaces are draining the UK economy of more than £71 billion a year, according to new research from facilities and security services company Mitie.

In most small and mid-sized businesses, Power BI does not arrive as a project. There is no rollout plan, no steering group, no launch. Someone in finance discovers it, finds it instantly familiar, and builds a report.

The report is good. Other people want one. Eighteen months later there are reports everywhere, half the business relies on them, and nobody is in charge of any of it.

I have trained hundreds of new Power BI users over the years, and I see the same light-bulb moment every time. “Oh, this feels like Excel and PowerPoint!” That familiarity is exactly why the tool spreads so quickly, people are not being pushed onto it, they are pulling it into the business themselves. As adoption stories go, that is the good kind. The enthusiasm is real and it is priceless.

But here’s the thing… the same freedom that makes a tool spread is the freedom that creates the mess. Because it grew without guardrails, everyone built things their own way. And a growing business eventually meets the consequences, usually in a meeting.

The day the numbers disagree

The moment this stops being invisible is nearly always the same one. Two people bring two versions of the same figure into the same room. Sales says one number, finance says another, and the conversation that was supposed to be about the business becomes a debate about whose report is right.

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It gets called a data problem. It usually is not. Both reports are doing exactly what they were built to do, they were just built by different people, at different times, on different assumptions. One counts orders, the other counts invoices. One strips out cancellations, the other never did. Nobody decided this. It accumulated, one reasonable report at a time.

And underneath it sit the questions that quietly matter more. Who owns these reports? Who fixes the refresh that failed on Monday? Who checked what the new starter can see, and whether the margin data in that shared workspace was ever meant to be visible to everyone with the link? In an unmanaged estate, the honest answer to all of these is usually nobody.

The cost is time, trust and eventually money

None of this shows up as a line on the P&L, which is why it runs for so long. But the costs are real.

Staff time goes first. People rebuild reports that already exist because they cannot find or do not trust the originals. Someone senior spends hours reconciling two dashboards before every board meeting. Then trust goes, and this one is expensive, because once people stop believing the numbers, they stop using the reports and retreat to their own private spreadsheets, and the business is now paying for a reporting tool and running on Excel exports anyway.

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And occasionally the cost is sharper than that. A figure nobody can stand behind lands in front of the bank, an investor or an auditor, and the awkward question is not about the number. It is about whether the business is in control of its own information.

The fix is lighter than most owners fear

At this point some owners reach for the opposite extreme, lock it all down, route everything through one person, approve every report. I would gently push back on that too. I have seen over-control fail as often as chaos. Clamp down too hard and people do not stop building reports, they just stop telling you, and the mess moves somewhere you can no longer see it.

For a growing firm, the structure that works is lighter than most people fear. It looks something like this. Every report that matters has a named owner, one person who answers for the figures and one route for fixing it when it breaks. The handful of numbers the business runs on, revenue, margin, active customers, get defined once, in one agreed place that every report draws from, so the same word means the same thing everywhere. Access follows job roles rather than one-off requests and forwarded links. And somewhere, there is a simple, written answer to “how do we do reporting here”, short enough that people actually read it.

That is it. Not a committee, not a six-month programme. Microsoft’s own adoption roadmap covers this ground thoroughly and is genuinely worth a read, I have gone back to it time and time again over the years. But for a small business the heart of it fits on a page. Owners, shared definitions, sensible access, and a bit of support for the people doing the building, because the analyst who taught themselves Power BI is an asset worth investing in, not a risk to be managed.

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The stakes are about to get higher

There is one more reason to sort this now rather than later. Power BI is no longer a standalone tool. It now sits inside Microsoft Fabric, Microsoft’s wider data platform, which means the thing your business adopted for reports is increasingly connected to where data is stored, moved and prepared across the company. More capability, and more ways for an unmanaged setup to grow expensive.

This is often the point where firms bring in outside help, and having done a lot of this work, I will tell you what it should look like. When businesses explore Microsoft Fabric consulting in the UK, the first job is usually not the platform at all. It is mapping what already exists, which reports are trusted, which models are duplicated, who owns what, where the access risks sit. Moving a messy estate onto a bigger platform does not clean it up. It gives the mess a bigger stage. Diagnosis first, then the technology.

Boring is the goal

Good reporting in a growing business should be slightly boring. The figures refresh, the definitions hold, people know where to look and stop arguing about whose number is right. The meetings get shorter and go back to being about the business.

The tool that spread through your company without permission got there because it is genuinely useful. That part is a win, and the enthusiasm behind it is worth protecting. It just needs what every useful thing eventually needs, an owner, a shared set of definitions and someone paying attention. The best time to give it those was before it mattered. The second best time is before the platform underneath it gets any bigger.

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‘Spider-Man: Brand New Day’ box office: Record $72M preview sales

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'Spider-Man: Brand New Day' box office: Record $72M preview sales

Tom Holland stars as Peter Parker, aka Spider-Man in Sony and Marvel’s “Spider-Man: Brand New Day.”

Sony

Spider-Man is already webbing up a massive box-office haul.

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Sony and Marvel’s “Spider-Man: Brand New Day” secured $72 million in preview ticket sales, the highest collection for any domestic film in Hollywood history. The previous record holder was 2019’s “Avengers: Endgame,” which tallied $60 million ahead of its opening weekend.

“The demand for ‘Spider-Man: Brand New Day’ is nothing short of astonishing,” said Paul Dergarabedian, head of marketplace trends at Rentrak. “For a film to earn more than $70 million in pre-shows is unprecedented, and it reflects massive enthusiasm among moviegoers to head to the multiplex for the latest Marvel epic.”

The newest solo Spider-Man film benefited from Wednesday early access screenings as well as Thursday night previews. It is expected to haul in around $270 million domestically over its debut weekend, although some box-office analysts foresee an even bigger bounty.

The previous Spidey flick, “Spider-Man: No Way Home” currently stands as the second-highest domestic opening of all time with $260 million across its debut weekend in 2021. “Endgame” tallied $357 million during its first three days in theaters in 2019. “Brand New Day” is expected to surpass “No Way Home,” but remain behind “Endgame.”

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“While pre-shows are a very strong indicator of potential opening-weekend success, several factors can come into play, including a heavily front-loaded preview and opening day driven by fans motivated by the shared urgency of opening-weekend FOMO [fear of missing out],” Dergarabedian said.

“Endgame” managed its historic opening weekend with the help of 24-hour showings and extra screenings. There are late-night and early morning screenings of “Brand New Day” to meet demand for tickets, but it’s unclear if the programming is on the same scale as it was for “Endgame.”

And, “Brand New Day” does not have the added benefit of an Imax release, as those screens have been reserved for Christopher Nolan’s and Universal’s “The Odyssey.”

The Spider-Man installment will still benefit from premium large format screenings, however. The film has been programmed for ScreenX, 4DX, Dolby Cinema and HDR by Barco as well as premium offerings that are proprietary to the likes of AMC, Regal, Cinemark and regional players.

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ScreenX represented $1.8 million in Thursday ticket sales domestically and is expected to reach $4 million by the end of the weekend. Meanwhile, 4DX has tallied around $1.3 million domestically and is set to hit $4.5 million over the three-day debut.

“Brand New Day” arrives at the tail end of July, and the bulk of its box office will be reflected during the month of August. That’s good news for the domestic box office. Typically, August is the softest month on the summer movie calendar. With “Brand New Day,” the theatrical industry gets a momentum boost heading into the fall movie season.

The domestic box office has collected $5.6 billion in ticket sales this year through Sunday. That’s 16% behind 2019 levels, the last benchmark before the Covid pandemic shuttered movie theaters and paused productions.

However, the 2026 summer corridor is down just 9% from the 2019 comparison, standing at $3.05 billion versus $3.36 billion seven years ago.

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That gap could narrow even further with Imax extending coveted screenings of “The Odyssey” into September and as “Brand New Day” plays through the rest of summer.

Still to come is the November release of Lionsgate’s “The Hunger Games: Sunrise on the Reaping” and the hotly expected double feature of Warner Bros.’ “Dune: Part Three” and Disney’s “Avengers: Doomsday” due in theaters Dec. 18.

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Twitter’s India policy head, Mahima Kaul, to step down; will transition in March

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The Economic Times
NEW DELHI: Twitter‘s Public Policy Director for India and South Asia has resigned to pursue other interests, the micro-blogging site confirmed in a statement. The company has also advertised a position for public policy director – India last week.

This comes as the San-Francisco based firm is at the receiving end of the Indian government over an issue of blocking and unblocking certain handles tweeting about farmer protests.

Sources said that the executive — who continues to lead the conversations with the government — Mahima Kaul’s stepping down is not related to the recent controversy.

Monique Meche, VP, Public Policy, Twitter said in a statement “At the start of this year, Mahima Kaul decided to step down from her role as Twitter Public Policy Director for India and South Asia to take a well-deserved break. It’s a loss for all of us at Twitter, but after more than five years in the role we respect her desire to focus on the most important people and relationships in her personal life.” Kaul will continue in her role till the end of March and will support the transition, Meche added.

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“The Public Policy team acts as Twitter’s ambassadors to government policymakers, regulators, and civil society groups on public policy issues. We focus on addressing issues such as advocating for an Open Internet, freedom of expression, privacy, online safety, net neutrality, and data protection to advance the interests of Twitter and our customers. In addition, we serve as the #TwitterForGood team and provide guidance, resources, and support for Twitter’s Corporate Social Responsibility mission,” the company said in its job description on LinkedIn.

“As Twitter’s public policy lead based in India, this you’ll drive and assist development and advocacy of public policy solutions to pressing high technology issues. Specifically, you will manage and build a team of public policy and philanthropy specialists to protect and advance Twitter’s interests in India, it added among other key performing areas.