Finance news

Get out of debt, but how do you go about it?

Hey, unfortunately I got a little into debt and am now considering how to get out of it. Unfortunately, my dog ​​was euthanized on Saturday. Due to the veterinary costs of the last few months, a move and some stupid decisions, I slipped into it a bit. I'm a little ashamed to write this, but looking away doesn't help. Current status: Account: -1100€ Credit 1: 90€ per month. until December 2026 Loan 2: €140 per month. until May 2028 Credit card: -550€ Go

China’s Return to the Oil Market Could Boost Inflation

The U.S.-Iran agreement to reopen the Strait of Hormuz could prompt China to return to buying more crude after months of multi-year-low purchases, which could reignite inflationary pressures despite the expected ease of oil flows from the Middle East. Late on Sunday, the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. This re-opening could happen as soon as an agreement is signed on Friday. News of the deal sent oil prices tumbling early on Mon

From Habermas to Kevin Warsh: Five minds to watch out for this week

From philosopher Jürgen Habermas to Fed Chairman Kevin Warsh: Who plays a role from Monday to Sunday - and why.

The stock market is poised to go crazy if Warsh gives it the go-ahead, these strategists say

The research firm Citrini says hot inflation and jobs readings mask a more somber reality — and that’s good news for the stock market.

US-Iran deal: When will oil prices fall?

A potential US-Iran deal to end the war and reopen the Strait of Hormuz could ease the global energy crunch, but oil prices and supplies may take months to stabilize as shipping restarts and infrastructure recovers.

UK to ban under 16s from social media apps including TikTok, YouTube

Britain will ban children under 16 from using a range of social media apps including Snapchat, TikTok and YouTube to protect young people from harmful content and excessive screen time, Prime Minister Keir Starmer said on Monday. Starmer told a news conference that he will fight back if technology companies resist the move, and acknowledged some teens would try to find their way around a ban. But he said he is “not prepared to compromise on the safety and happiness of our children”. “Every...

Iran war: Will the global energy crisis end soon?

A US-Iran deal to end the war and reopen the Strait of Hormuz could ease the global energy crunch, but oil prices and supplies may take months to stabilize as shipping restarts and infrastructure recovers.

HK$2,000 bind-over for helper who slapped employer’s 8-year-old child during meal

A domestic helper who admitted to slapping her employer’s eight-year-old daughter while serving dinner was given a three-year bind-over order by a Hong Kong court on condition of good behaviour after an assault charge against her was dropped. Eastern Court on Monday heard that Linne Pramis Pesimo, 48, slapped the girl once as she refused to eat her meal on March 20. The girl’s mother, a single parent, was resting in a bedroom at their Wan Chai home at the time of the assault. After being hit,...

Japanese Shipping Companies Hold Back Despite Hormuz Deal

Japanese shipping companies that own vessels stuck near the Strait of Hormuz are in no rush to test the veracity of news that the U.S. and Iran had agreed to end their hostilities, with Iran reopening the strait. They will wait until the formalization of the agreement, set to be signed on Friday, Reuters reported. Several hundred tankers, LNG carriers, and cargo ships have been stuck around the chokepoint since the start of March, when Iran shut down the Strait of Hormuz in response to the missi

Iran War: This is how oil, interest rates, stocks and gold react to the peace agreement

Peace is imminent in the Middle East. The reactions on the financial markets show that investors clearly did not specifically expect the deal.

Philippines unpicks Asean’s South China Sea ‘sovereignty deadlock’

Philippine President Ferdinand Marcos Jnr did not dwell on warships or water cannons when he rose to speak at the country’s Independence Day celebrations on Friday. Instead, he signalled a new strategy in broaching the topic of the South China Sea: recasting the waterway not as an arena of territorial disputes, but rather as a shared vulnerability. In doing so, analysts say he may have found a way to keep China’s behaviour in the regional conversation without triggering direct confrontation...

Carbon emissions of ECB and Eurosystem portfolios continue to decline

Monetary policy: “A lot can happen in 60 days”: Bundesbank boss Nagel doesn’t trust relaxation in Iran

Bundesbank boss Nagel doesn't trust the tension in the Middle East. His skepticism also has to do with the Strait of Hormuz.

Middle East war: Bundesbank chief warns against premature hope after Iran deal

A framework agreement between Iran and the USA raises hopes for an end to the war and a recovery of the economy. But Bundesbank President Nagel warns of the long-term consequences of the fighting.

French army shows Leclerc tank with once-mocked anti-drone cage

Once derided as primitive, roof-mounted armor variants have been adopted by both Russian and Ukrainian forces as drone threats proliferate.

New shelter for Filipino helpers in Hong Kong ready, pending government approval

A Tai Po villa serving as a new shelter for distressed Filipino domestic workers in Hong Kong is ready but must receive the green light from local authorities before it can open, with the Philippines’ top labour minister saying the facility is bigger, better and more comfortable. Hans Leo J. Cacdac, Secretary of the Department of Migrant Workers, told the South China Morning Post that the new shelter was ready, while his labour attache at the Philippine consulate, Cesar L. Chavez Jnr, provided..

Christine Lagarde: Money in transition

Memorandum of misunderstanding: Why Trump's Iran deal might not last

The text of the memorandum is not public. The “negotiations” between the US and Iran have occurred largely via intermediaries – Pakistan and Qatar. So far as we can glean from public statements, Iran has agreed to reopen the Strait of Hormuz from Friday, through which 20 per cent of the world’s oil supplies flow, and the US has agreed to end its naval blockade of Iranian ports in the Strait. All the tricky issues – the fate of Iran’s nuclear programme, sanctions relief for Iran in exchange for c

So is SPCX price discovery even real right now?

I keep seeing people talk about the SpaceX price like it already proves demand is insane, but I’m still stuck on the selling side. If IPO allocated holders risk losing access to future IPOs by flipping, and insiders/large holders aren’t really selling yet, then how much of this is actual price discovery? A price can go up fast when buyers are excited and natural sellers are basically discouraged from selling. Maybe that’s just how IPOs work, but it feels weird watching everyone treat the first f

Strait of Hormuz still eerily quiet as doubts remain over ‘fragile’ peace deal

The Strait of Hormuz was still largely devoid of shipping traffic in the hours following the announcement of a US-Iran peace deal, as analysts warned it remained uncertain how and when normal operations along the waterway would be restored. The only vessel moving in the strait on Monday morning was broadcasting its status as a patrol ship, according to data from vessel tracking platform MarineTraffic, as hundreds of commercial ships remained stranded in the region. The United States and Iran...

Thousands evacuate in Philippines as Mount Pinatubo erupts in 1991 – from the SCMP archive

This article was published on June 13, 1991. Thousands evacuated after massive explosion in Philippines Volcano’s plume soars 25km by Michael Bociurkiw in San Narciso Theresita Santiago and her neighbours dealt with the volcanic eruption of Mount Pinatubo in the Philippines yesterday (June 12, 1991) the only way they could: they grabbed their children and a few belongings and walked 20 kilometres to sanctuary in Olongapo City. “I’m feeling very nervous right now,” Mrs Santiago said, as her...

Why Equities: Bonds ratio is 60:40? But why?

I would guess that Equities swing up and down. So fixed income swings other way around and 60:40 sort of event it out. But this is a very simplified approach. I sort of expect that if equity (broad market index) cash, they will eventually come back up. So during the time between equity swing down and come back up, I need a way to withdraw funds without selling equities. It is also expected that if equities crash, feds eventually (1 year from the crash) will come to the rescue and try to lower in

If the Iran War is Over, Will there Be No More Reasons to Rally?

The market was stagnate and flat for months before the Iran war due to low chances of rate cuts. Even analysts believed that the market would stagnate or underperform this year originally. There was originally a sharp sell off when war broke out due to uncertainty of the strait never being closed but quickly reversed on ceasefire news. So if the economic situation is even worse now, no rate cuts this year and a potential rate hike, higher inflation with a steady job market. If it’s not for const

Japan's 'frozen money' pool shifts to investments as rates, inflation bite

Will the real Kevin Warsh please stand up? Ahead of his first Fed meeting, economists honestly don’t know what to expect.

Perhaps the only thing that can be said with certainty about Kevin Warsh’s press conference following his first meeting as Federal Reserve chair this week is that he will have a captive audience.

US Senator Mitch McConnell admitted to hospital for second time this year, spokesman says

US ⁠Senator Mitch McConnell was admitted to hospital on Sunday, his spokesman said, but there was no immediate information about why he was there or his prognosis. McConnell, 84, was the longest-serving Senate leader in history before stepping aside from that role while finishing his final term, which ends in January. “Senator McConnell was admitted to the hospital this morning. He is receiving excellent care,” spokesman David Popp said in a statement without elaboration. It was not immediately.

6 killed after helicopters collide in Rio de Janeiro, crashing into car park

At least six people died in Brazil on Sunday after two helicopters collided in western Rio de Janeiro, firefighters said. The helicopters crashed into the car park of an electric car showroom, igniting a fire that engulfed at least 20 cars. A statement from firefighters said initial reports pointed to a mid-air collision, adding “six fatalities have been confirmed, all were crew members of the aircraft involved in the accident”. Rio de Janeiro Mayor Eduardo Cavaliere said there were “foreign...

Putin and Zelensky hold phone calls with Trump as US president marks his 80th birthday

Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky each held phone calls with US President Donald Trump on Sunday, as Trump marked his 80th birthday and the war in Ukraine remained a flashpoint ahead of this week’s G7 summit. Putin’s call with Trump lasted just under an hour, according to Russian presidential aide Yuri Ushakov, who briefed reporters. On Ukraine, Ushakov said Trump emphasised the need to end hostilities and stated his readiness to influence European...

Market Insight: A new era is beginning not only for SpaceX – also for the US Federal Reserve

The Federal Reserve meets for the first time under its new boss. Investors can then form their own impression of Kevin Warsh and hope for positive signals, says Astrid Dörner.

The quiet escalation unfolding around Taiwan’s remote outposts as Beijing sends ships

Taiwan has for the first time reported mainland Chinese law enforcement vessels near an island it controls in the South China Sea, a development experts say could form the basis of Beijing’s effective control in the waters. The move comes after Beijing accused Taiwan’s ruling Democratic Progressive Party of inaction in the face of Japan-Philippines maritime delineation talks, which could concern exclusive economic zones claimed by Beijing and Taipei. Two mainland Chinese law enforcement ships –.