Finance news

Box for 9.99 euros: Beer brewers lure with World Cup prices

Beer has become expensive due to price increases. However, at the start of the World Cup, major retailers are advertising special offers like they did decades ago. In any case, many beer drinkers take advantage of the regular promotions.

Why China is attracting wealthy Gulf families in search of education, tech and business

In April, a family from the United Arab Emirates – four adults, three children and a nanny – spent about 300,000 yuan (US$44,228) on a seven-day educational and business tour to China. The trip was nearly cancelled as the Iran war repeatedly disrupted their flights and travel plans, but they eventually arrived in Shanghai. “Their willingness to make the trip was unwavering,” said Lilian Liu at Middle East-focused tour operator UFOX Travel, who hosted the family. Such clients barely existed a few

Interview: French Army chief Schill talks technology, surprise and ‘archaic’ combat

"We should avoid excessive analogies. France is not Ukraine," said Gen. Pierre Schill in an interview ahead of the Eurosatory defense expo near Paris.

Chinese man weighing 63kg believes online products could help gain weight loses 6.5kg

A Shanghai man who wanted to gain weight spent 10,000 yuan (US$1,500) on online health products he thought would do the job only to end up losing 6.5kg in a month. The man, surnamed Liu, has trended on mainland social media after his experience was reported by the Shanghai Morning Post. Liu, a truck driver, who is 1.78m tall and weighs 53kg, always thought he was too thin. In March, he saw the social media account of an influencer surnamed Chen who shared her knowledge about helping people put..

Japan adds Indonesia to ‘network of navies’ after Australia, Philippines

Indonesia sits at the confluence of the world’s busiest sea lanes. Its coastline stretches nearly 55,000km (34,000 miles) and its waters encompass the Malacca and Lombok straits, chokepoints through which trillions of US dollars in global trade pass annually. Yet for years the nation’s navy has lacked the subsurface awareness to monitor, let alone counter, what moves beneath the waves. Japan intends to change that. Tokyo confirmed on June 5 that the two countries had agreed to begin formal talks

Bitcoin Act = Expansion of Money Supply and Dedollarization by the U.S Itself

The U.S. BITCOIN Act (Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act) is a legislative proposal designed to establish a federal Strategic Bitcoin Reserve. It directs the U.S. Treasury to acquire 1 million Bitcoin over a five-year period to create a non-inflationary national asset. The intent is to strengthen the national balance sheet, hedge against long-term fiat currency devaluation, and establish a digital equivalent to U.S. gold reserves. The

Why the S&P 500 and some other index funds require seasoning and apply “free float”

I explained what this means in another post but I have been asked a few times why this is sensible. Seasoning means the company at IPO Can’t join the index. Free float means even after it does, its weight is only based on how much got sold last, not the total number of shares. So here’s why it’s done. Let’s suppose a very lossy company burning through venture capital decides to IPO. AND let’s assume it is worth $10 million pre-IPO. And here’s the super cynical thing that could happen. Imagine th

Iran War: Oil price of $150 possible – expert warns of tipping point

Michael Widmer, raw materials strategist at Bank of America, sees serious bottlenecks if the Strait of Hormuz remains blocked - with significant consequences, especially for Asian countries.

New accents in Southeastern Europe: The Greek soaring and its shadows

In northern Greece, Thessaloniki is blossoming as a gateway to the Balkans, but Athens and Attica are calling the shots more than ever. The economy demands more decentralization.

Football World Cup: Secret television, tired employees: This is how expensive the World Cup will be for employers

According to a survey, the World Cup could cause economic damage of $17 billion. In Germany there is one main reason for the loss of productivity.

Defense decoupling is no longer just a European fear

Ending Europe’s dependence on U.S. capabilities is one thing, denying allies the ability to defend themselves is an entirely different matter. submitted by /u/Any-Original-6113 [link] [comments]

Silicon Saxony: Every Infineon job creates six new positions in Saxony

Infineon is about to start its new factory in the Elbe metropolis. Local companies have great hope for the 5 billion euro investment.

Artificial intelligence: Anthropic blocks top AI model for foreigners – Europe affected

A US government order forces Anthropic to block two new AI models from all non-US citizens. The background is concerns about national security.

Escalation in the Gulf: Why oil prices are falling despite new US attacks

The US and Iran are bombing each other. There is a risk of oil shortages in Europe and corresponding reactions on the markets. What investors need to prepare for.

24M buying first ap

In the next 2 months I will sign on a new apartment at around 110k with the bank( I will need to buy furniture for it). i already payed 6k as reservation fee. My finances look like this: By august I will have 50k in my bank account . I am making around 5.5k euro net in the “bad” months, but it may be months when I do also 8,5k. It can t go under 5,5k just if I lose one of the jobs ( I m employed + freelance contractor). Would you invest something in ETFs etc or try to pay the mortgage ASAP? My m

Comment: Anthropic's Mythos ban is Europe's digital humiliation

Anthropic needs to block its top models from foreigners. Washington can cut Europe off from key AI technology. That is fatal.

UAE denies 'false' reports of fund transfer to Iran

The statement follows a Reuters report that the UAE has agreed to unlock billions of dollars of frozen funds for Iran.

Arms business: Mercedes is converting the G-Class into a drone launch pad

The luxury car manufacturer wants to expand its defense business. The drone defense planned with Tytan should be the beginning. The system can be seen in its entirety for the first time at the Eurosatory in Paris.

Fair inheritance

Hi guys, in the future I will be in the situation where I and my sister will inherit a 3-family house, so everyone will own 50%. I already live in the small apartment with 60 m², it will be moved to the large one with 120 m², and the rent for the third apartment will be split 50:50. I currently pay 500 euros in basic rent (family price). Because we are both theoretically entitled to 90m² each based on these two apartments, a compensation payment is being considered, which I will receive for the difference

Croatia emerges as maritime hub connecting Asia to Central Europe

In 2018, Apple became the first company on the stock exchange, to reach a 1 Trillion dollar valuation, and people thought it was the top of the cycle back then..

2026: Elon Musk's personal net worth just surpassed 1 trillion, now stands at a whopping 1.1 trillion! I think now is a good time to re-evaluate your portfolio, and position yourself away from tech as much as possible. This is a strange time, because while their is a few overvalued companies, such as space x, There is also many deals to be had at the same time. Stay careful out there! :) submitted by /u/Connect-Silver-5982 [link] [comments]

Morning Briefing Plus: The world is becoming a betting shop

Today, a single event creates a cascade of bets. This applies to the SpaceX IPO or the Iran War. Perhaps Europe's slow pace is even an advantage.

Musk's money is invested in a gold wall and other stuff

Based on the AI ​​image with the gold wall: In reality, a wall made of $1 trillion gold would be 47.4m wide, i.e. around 10m wider. And the crazy thing is that after construction there is still ~$3.2 billion left! Enough for a private island including a luxury resort in Albania, Bezos' yacht, Trump's Qatar plane, a newspaper and the Chrysler Building TOGETHER. For simplicity, I used a gold price of $4,200. I calculated how big the wall would be with $1 trillion and what ma

Swiss to vote on whether to cap population at 10 million

On June 14, Swiss voters will be able to decide on a far-right initiative to curb future immigration. What will it mean for the economy — and the country's European neighbors — if they approve the proposal?

Why Japan’s Russia outreach could fuel G7 concern over unity: ‘bad signal’

As Japanese Prime Minister Sanae Takaichi heads to the G7 meeting in France next week, she is expected to hear rumblings of discontent over Tokyo’s apparent diplomatic outreach to Moscow. With European Union member states and most Nato nations united in their resolve to push back on Russia’s ongoing aggression against Ukraine and isolate Moscow, Japan’s very different approach to Vladimir Putin’s regime has not been overlooked. Senior officials from Japan’s foreign and trade ministries travelled

Streaming: US government clears Paramount's takeover of Warner

Paramount is allowed to take over Warner Brothers without any conditions. This paves the way for the $111 billion mega-takeover of the entertainment giants.

Exclusive: UAE to unlock billions of dollars for Iran, sources say

submitted by /u/cole1114 [link] [comments]

Elon Musk is now the world’s first trillionaire – what could he buy with all that money?

Catapulted by the market debut of his rocket company SpaceX, Elon Musk is now the world’s first trillionaire. That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or staggering debt) of a handful of major economies – and, in the last decade alone, the value of some of the biggest companies to ever trade on the stock market. Musk’s new title arrives amid a wider acceleration for the richest of...

Europe: EU begins accession negotiations with Ukraine and Moldova on Monday

A veto from Hungary blocked long formal EU talks with Ukraine. Now it can finally start. But the negotiations can still fail.

Ona: Why Open AI buys a Kiel-based AI start-up

Open AI takes over the Kiel start-up Ona. Its software is intended to strengthen the ChatGPT developer's coding offering. There are some lessons for Europe in the deal.