Finance news

Pentagon launches ‘War Force’ campaign in push for software engineers

The Defense Department describes it as part of an overall strategy to automate and improve government technology.

Philippine Senate begins Vice President Duterte impeachment trial

Is Beijing preparing for submarine action with maritime survey east of Taiwan?

When a mainland Chinese research vessel spent three days last month conducting an oceanographic survey in the Philippine Sea east of Taiwan, state media portrayed the mission as another example of Beijing’s expanding civilian maritime governance. However, experts highlighted the dual-use nature of oceanographic data, pointing out that the information gathered by the Xiang Yang Hong 22 from June 16 to 18 could have military applications, particularly in underwater operations. Routine...

Online shopping: Temu, Shein and Co. increase market share to record levels

Consumers in Germany are spending more and more money online on Asian shopping platforms such as Temu or Shein. However, consumer sentiment remains weak.

Online retailers: Temu, Shein and Co. increase market share in Germany to record levels

Consumers in Germany are spending more and more money online on Asian shopping platforms such as Temu or Shein. However, consumer sentiment remains weak.

Indonesia drops KF-21 co-production plans, eying stock warplanes instead

Officials in Jakarta are also considering fighter options other than the South Korean-made jets.

Germany Weathers Energy Crisis With Growing Dependence on American LNG

The share of LNG imports of Germany’s total gas supply rose to 12% in the first half of the year, up from 10% a year earlier, despite the shock supply loss from the Middle East due to the closed Strait of Hormuz, according to data by the German regulator. Bundesnetzagentur, the Federal Network Agency, noted that LNG supply from the LNG import ports on the North Sea and Baltic Sea increased even during the Iran war as Europe’s biggest economy relied on more supply from the United States. LNG supp

Online shopping: Asian shopping platforms increase market share to record levels

Consumers in Germany are spending more and more money online on Asian shopping platforms such as Temu or Shein. However, consumer sentiment remains weak.

Two things Samsung might be considering: price hikes and a U.S. listing

Samsung Electronics is reportedly proposing to raise the average selling price of its dynamic random access memory chips by 20%, another sign of the bottlenecks that are gripping the industry.

Ranking 2026: Small fee, big vacation: These are the best credit cards with no card fee

When booking hotels and rental cars, a credit card is usually required. Some are free, others incur fees and interest. The best offers in the Handelsblatt comparison.

6 killed in Mumbai building collapse as monsoon rains batter India

Six people including five children were killed when a building collapsed in Mumbai, officials said on Monday, as monsoon rains pounded India’s financial capital, flooding roads and leading to school closures. A dilapidated residential building collapsed on Sunday in the megacity’s east, trapping residents under the debris, Mumbai Mayor Ritu Tawde said in a statement. The deaths came as heavy rainfall paralysed parts of the city, with the India Meteorological Department recording more than 200mm.

Tankers Cross Hormuz Near Oman

Oil and gas shipping along a U.S.-protected corridor in the Strait of Hormuz showed signs of recovering, after a batch of vessels performed unexplained U-turns and detours in the vital energy corridor.

Historic trial begins: Impeachment trial against Philippine Vice President

Allegations such as embezzlement and threats against the president: The impeachment proceedings against Sara Duterte are dividing the Philippines - and could have far-reaching consequences for 2028.

Sara Duterte’s ally Marcoleta arrested hours before her impeachment trial in Philippines

A ⁠Philippine senator who is ⁠an ally of Vice-President Sara ⁠Duterte-Carpio was arrested on Monday on a plunder charge, hours before the Senate begins a high-stakes impeachment trial that could determine Duterte’s political future. Senator Rodante Marcoleta was due to sit as a senator-judge on Monday at the impeachment trial ‌against Duterte-Carpio. If convicted by a two-thirds majority in the 24-member Senate, Duterte-Carpio could be barred from running in the 2028 elections, where she remains

Outgunned Philippine Air Force takes on South China Sea defence

For decades, the Philippine Air Force hunted communist rebels and Islamist militants in the country’s forests and southern islands. Now, amid seemingly intractable tensions in the South China Sea, it is being reshaped into an armed service meant to defend one of Asia’s most contested maritime frontiers – even as analysts rank it the weakest air arm among Southeast Asia’s six largest militaries. “Because we are an archipelago, we really need to strengthen our air assets,” air force spokeswoman...

Philippine Senate to start high-stakes impeachment trial of VP Sara Duterte

Philippines’ record capital wage rise leaves workers hungry for more

In the Philippine capital, 85 pesos (US$1.40) is barely enough to buy a meal for one, let alone a family of five. Yet that modest sum, roughly the price of 1½kg of premium imported rice, is the largest single wage increase ever approved for Metro Manila’s minimum-wage earners. The government called it “historic”. Labour groups called it an insult. The increase, to be rolled out in two stages, was confirmed by the Department of Labour and Employment on Tuesday. Non-agricultural workers will see..

OPEC+ raises output levels again despite tumbling crude prices

Major oil producers on Sunday agreed once again to modestly increase their crude production, although, as in previous months, the hike is largely symbolic until a peace deal between the U.S. and Iran sticks and the Strait of Hormuz is fully reopened to shipping traffic.

White supremacists’ July 4 march counts as free speech, US interior secretary says

Federal officials had no reason to stop a white ⁠supremacist group’s July ⁠4 rally in Washington because ⁠of free speech protections, US Interior Secretary Doug Burgum said on Sunday. Hundreds of masked Patriot Front members who marched through the nation’s capital on Independence Day on Saturday did nothing illegal, Burgum told CNN’s State of the Union programme. Although the organisation’s ‌white supremacist, anti-immigrant ideology is “nothing that I could possibly agree with”, Burgum said,..

The Trump 702 deregulation plan dropped Friday. I ranked which tickers will likely benefit from it

So the White House published its regulatory agenda Friday. 702 rules on the chopping block, biggest semiannual list ever, claiming $1.5 trillion in savings. I went down a Federal Register rabbit hole this weekend and the picture is more interesting than that. The catch nobody will mention: most of that $1.5T is already done. About $1.3T of it comes from killing the endangerment finding, which happened back in February. The NEPA environmental review regs got gutted between January and April. Frid

Starmer Out, Burnham In: What Changes for UK Energy Policy?

With Kier Starmer stepping down as the United Kingdom’s Prime Minister (PM), it looks increasingly likely that Andy Burnham, who is known as the “King of the North”, will take his place as the leader of the Labour Party and PM in July. The Member of Parliament for the northern English constituency of Makerfield has significant political experience, having served as Mayor of Greater Manchester, but what are his plans for British energy? Burnham has a long history in politics, serving as Shadow Ho

Market Insight: Why the ECB researchers are so often wrong with their inflation forecasts

The ECB experts incorporate price data from the crude oil futures markets into their inflation forecast. However, a recent analysis shows how error-prone this method is.

Weekly Gold Outlook: Key Macro Events That Could Move Gold This Week

I put together this week's macro outlook focusing on gold, central bank policy, global liquidity and the economic calendar. Main topics: • Fed speakers • Japan election implications • ECB decision • Gold drivers • Dollar liquidity I'd genuinely appreciate any feedback from the community. submitted by /u/rahsady [link] [comments]

German govt may withhold classified info from states if far-right start winning

German Defence Minister Boris Pistorius said Sunday that the federal government is considering withholding information from ministers in state administrations if they are formed by the far-right Alternative for Germany (AfD). The AfD is regularly criticised for close ties to Moscow. Polls indicate that the AfD could win an absolute majority in a state election in September in Saxony-Anhalt, meaning that it would form a state government for the first time. Under Germany’s federal system, state...

Helpers’ union calls for raising food allowance to HK$2,770, citing inflation

A union representing foreign domestic helpers in Hong Kong has urged authorities to more than double their monthly food allowance to HK$2,770 (US$350), saying the current stipend averaging HK$13.30 per meal is insufficient due to inflation. Representatives from the Federation of Asian Domestic Workers Unions (FADWU) met Labour Department officials on Sunday after staging a protest. Besides the food allowance, the groups demanded an increase in the monthly minimum wage to HK$6,670 and contract...

What is a good asset to invest if you believe a market correction is coming?

I strongly believe some sort of market correction will be happening between now and 2030, most probably triggered by the AI bubble popping, but the world geopolitics (and US politics where the largest chunk of the market depends on) are so unstable that it feels we are each day walking a tighter rope. I also received a bonus from work that I could put somewhere. But if I just do "WEBN and forget", or even if I dig into other ETFs, they will give about, idk, 5 to 10% that would get erased on a 50

Evacuation ordered as storms gather in Washington before Trump’s July 4 speech

An evacuation was ordered on Saturday evening at the National Mall as storms gathered around Washington just hours before US President Donald Trump was scheduled to deliver a speech commemorating America’s 250th anniversary of independence. Those on the Mall were encouraged to go to federal buildings nearby or Smithsonian museums. “Freedom 250 will share updates on programming and doors reopening,” Freedom 250 spokeswoman Danielle Alvarez said in a statement. Plans for fireworks were still...

Zelensky denies Russia captured key Ukraine city, challenges Putin to meet him there

Ukraine still controls the strategically important eastern city of Kostiantynivka, President Volodymyr Zelensky and the General Staff said on Saturday, rejecting Russian claims that it has been captured. Russia’s military ignored Zelensky’s assertions, said it was mopping up remaining pockets of resistance and offered to exchange the remains of dead servicemen. Russian military commanders told President ‌Vladimir Putin on Friday that Moscow’s forces had taken control of Kostiantynivka, a target.

Why June’s jobs and inflation data are bullish for bonds

The new jobs report is worse than many people realize.

To VWCE or not to VWCE?

Sorry for the unstructured explanation, hust dumping all my thoughts. Hi, I need advice on how to handle the savings I have build up. Context: Non-EU couple (33M and 31F) from humble backgrounds. We always had just enough growing up and never extra. So it is really difficult to judge how much risk we can afford to take. I believe in ETF and chill theory while it took my wife some time to accept it. Which means in the meatime I have more money in savings account than in ETF. Bank accounts: 250k m