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38d06/05sanctions · 2/5

Do China-Russia trade payment frictions show limits of de-dollarisation?

China and Russia have largely moved away from the US dollar in bilateral trade settlement, with most transactions now settled in their own currencies. Yet cross-border payment bottlenecks persist as Chinese banks carefully manage their exposure to Washington’s sanctions regime, according to a senior Russian banker. At the heart of the friction is a stark balancing act facing Chinese lenders: how to ease trade with Russia while safeguarding access to the US dollar-based global financial system –.

unclassifiedchina · asia · usa
38d06/05

EU needs a ‘dedicated instrument’ to unwind China dependencies, trade chief says

The EU’s trade chief has confirmed publicly for the first time that the bloc is considering a specific rule to compel companies to diversify their suppliers, as Europe looks to unwind its dependencies on China. “Diversification now requires a dedicated instrument,” Trade and Economic Security Commissioner Maros Sefcovic said on Friday, adding that he would model it on the manner in which the EU reduced its reliance on Russian energy following its invasion of Ukraine in 2022. “Recent industrial..

unclassifiedchina · asia · usa
38d06/05war-conflict · 1/5

Chip stocks discounted with recent pullback. Buy, Sell or Hold?

It takes a very little to spook the tech sector these days. For example, yesterday Nvidia CEO Jensen Huang touted Marvel as the next trillion dollar company which sent the stock spiraling upwards. Simultaneously, Broadcom announced its quarterly earnings (completely coming in with estimates) but the stock dropped precipitously low. Sometimes good news just isn't good enough for some people! Experienced traders know this dance all too well. The Bears will call it another 'bubble', the Bulls will

Socialunclassifiedusa
38d06/05

Ideas for satellites at ~70% FTSE All World

I'll soon start my first job as a trainee and will also earn my first big money with it. I have been investing around €40 per month for over a year (€30 in the FTSE, €5 in silver and €5 in gold) and now I would like to increase the savings rate. I plan to invest 700 euros, where I'm thinking of continuing to put 500 euros into the holy FTSE as core and then investing 200 euros as satellites to have money for medium-term goals. I'm sure about the precious metals

Socialunclassifiedgermany · europe · uk
38d06/05

10 years of unit-linked pension insurance and still in the red, is it still worth it?

Hello everyone, I have had a fund-linked pension insurance (Signal Iduna Global Garant Invest, SIGGI Flexible Pension) with a 100 percent contribution guarantee since 2015. Now I've calculated the annual report and I'm a bit disillusioned. Key data: Term since 2015, i.e. around 10 years Paid in a total of around 19,000 euros Current contract balance around 17,500 euros Surrender value around 17,500 euros After 10 years I am slightly below the deposits, so in real terms I am clearly in the red

Socialunclassifiedgermany · usa · europe
38d06/05war-conflict · 3/5

EU Says No Jet Fuel Shortage Coming Despite Middle East Supply Loss

Shortages of jet fuel are not looming over Europe despite the shock loss of supply from the Middle East and soaring prices, according to EU Sustainable Transport and Tourism Commissioner, Apostolos Tzitzikostas. “There is currently no jet fuel shortage in Europe. We have no signs that we will have a shortage in the coming period,” Tzitzikostas told Reuters in an interview published on Friday. Since the war in Iran broke out on February 28, European airlines have been struggling with a spike in j

unclassifiedmiddle-east · russia · usa
38d06/05

270k cash incoming, what would you do?

Hi all, I just sold a home and got 270k usd cash. Im invested fullly on the narket since 13 years in 90%VT 10%btc (plan on reducing it to 5% when it rebunds). I'm 36yo, from europe and living in a no capital gains tax country (Switzerland). My total nw invested on brokerage is about 2m usd (+ another 250k in a pension account invested more conservatively by my employer). I beleive the stock market is the true only way to generate meaningful financial freedom with the least headaches and I want t

Socialunclassifiedeurope
38d06/05

Europe’s fears about China trade threat miss the point

Europe’s political and business leaderships appear to have concluded that China’s economic dominance represents an existential threat – not from intrinsic competitiveness but from subsidies, technology theft, state-owned enterprises and a pervasive industrial policy. Cecilia Malmstrom, former European Commission member and a member of the European Parliament, wrote this week about “an ever more aggressive China”, which “seems to be entering a new phase of industrial policy with an increase of...

unclassifiedchina · asia · europe
38d06/05

Norway Averts Offshore Strike as Workers and Industry Reach Deal

Norway has narrowly avoided a strike at offshore oil platforms after trade unions and oil companies reached an agreement on wages in the early hours on Friday. The potential strike over wages could have threatened smooth operations offshore Norway, Western Europe's top oil and gas producer, at a time when the world is scrambling for oil and gas supply amid the Middle East crisis. Almost 8% of oil and gas workers offshore Norway early this week threatened to go on a strike from June 5 if trade un

unclassifiedmiddle-east · russia · usa
38d06/05

I just can't handle it

I need an assessment from people who are familiar with family law, maintenance or similar situations. I have a son from a previous relationship. The child's mother has been blocking all contact between me and my son since 2018. I haven't seen him since 2018. I haven't received any information about him either, although I've asked several times. Now the responsible maintenance office is demanding several thousand euros in maintenance arrears from me. Just ago

Socialunclassifiedgermany · europe
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