Finance news

◇ unclassifiedgermany · europe

Energy: How fracking could cover 25 percent of Germany's gas needs

A report calls the fracking ban into question: Germany could use this technology to produce 20 billion cubic meters of natural gas annually - and thus make itself more independent of the global market.

46d05/29⚠ shipping-routes · 2/5

Philippines Receives First Iranian Crude Cargo Since Hormuz Blockade

The Philippines has received its first cargo of Iranian crude, Reuters reported on Friday, citing tanker-tracking data from Kpler and Vortexa. A Suezmax vessel capable of carrying up to 1 million barrels of crude that departed from Iran's Kharg Island in late March made a ship-to-ship transfer offshore Singapore onto another tanker, which delivered the oil to the Bataan refinery in the Philippines in the middle of May, according to the data. The delivery was the first Iranian cargo to the Philip

Oil Prices Suffer Biggest Weekly Collapse in Two Months

Brent crude is heading for its biggest weekly drop in two months as markets bet on a 60-day ceasefire extension and partial reopening of the Strait of Hormuz. ICE Brent is set to post its largest weekly loss in two months, dropping by almost 10%, as media reports present a 60-day extension of the current ceasefire and a temporary Hormuz navigation deal as close to being a done deal. Whether US President Trump and Iran’s Supreme Leader Khamenei agree to the deal or not, Brent at $92 per barrel su

◇ unclassifiedgermany · europe

Space travel: Blue Origin rocket explodes during engine test

Just a few days after the largely successful “Starship” test by competitor SpaceX, the space company owned by US billionaire Jeff Bezos has suffered a setback. The cause of the explosion was initially unclear.

Social◇ unclassifiedgermany · uk

Finally got a decent salary, started investing in ETFs straight away… what now?

After a long period of study and countless applications, I finally managed to get a well-paying job a few months ago. I have used the last few months to settle outstanding debts, move and save up an emergency fund. I then slowly started to read up on ETFs and general investment strategies and decided to invest in what seemed to be the “Holy Grail” (Vanguard FTSE All World accumulating), €500 per month. What now? I have the feeling

Social◇ unclassifiedeurope · germany

Could tokenisation allow EU residents to buy fractional ownership in property across Europe?

I'm trying to understand the practical side of tokenised real-world assets, particularly real estate. This question came to mind after reading about the EU's DLT Pilot Regime and ongoing discussions around tokenised assets. Most of the material focuses on financial infrastructure and regulation, but I'm more interested in what this could mean for ordinary investors and cross-border real estate investing within Europe. I wanted to diversify my investments across several European countries rather

India's Central Bank Warns Oil Shock Threatens Growth

India's economy remains resilient to the external shocks, but the oil price surge amid the global supply disruption poses near-term downside risks to economic growth and upside risks to inflation, the Reserve Bank of India (RBI) said in its Annual Report for 2025-26 published on Friday. "Against the backdrop of a moderate global growth, the outlook for the Indian economy in 2026-27 remains positive, supported by strong macroeconomic fundamentals, although a prolonged West Asia conflict may pose

Supermajor Warns Oil Prices Could Hit $160 Within Weeks

Just about two months ago, JPMorgan did the math on "How Long Before The World Hits Crude Oil Operational Minimum." The punchline was that while the market can hold hundreds of millions of barrels, it would still become fragile once working stocks fell too low. Like blood pressure in the human body, the issue is circulation. Then, approximately 4 weeks later, the bank followed up this analysis with some more math, explaining "Why Hormuz Will Reopen By September... One Way Or Another." The bank c

Kenya court blocks US Ebola quarantine centre set to open on Friday

A Kenyan court temporarily halted the opening of an Ebola quarantine centre for US nationals on Friday following a petition filed by a rights group. The facility was due to open in the east Africa nation on Friday according to US officials, to quarantine Americans arriving from the Democratic Republic of the Congo, which is battling a major Ebola outbreak. Washington has defended its criticised decision not to repatriate Americans infected with the virus. US Secretary of State Marco Rubio has...

◇ unclassifiedmiddle-east · usa · uk

Reform UK Deputy Tells Industry North Sea Drilling Is Priority

Reform UK Deputy Leader Richard Tice told energy giants his poll-leading party would focus on cutting bills rather than investing in green energy if it wins the next general election.

Japan Crude Imports Fell 66% in April

Amid the supply disruption in the Middle East, Japan’s crude oil imports crashed by 66% in April from the same month last year, official Japanese data showed on Friday. Japan imported 4.07 million kilolitres, or about 850,000 barrels per day (bpd), of crude oil last month, down by 65.7% from the April 2025 levels, the monthly petroleum statistics of the Ministry of Economy, Trade and Industry (METI) showed. Crude imports from the Middle East region, which delivered more than 90% of Japan’s total

◇ unclassifiedusa · europe · russia

Ukraine would gain advantage over Russian glide bombs with Gripen-Meteor combo

Moscow has been launching record numbers of glide bombs in 2026, according to the Ukrainian Ministry of Defence, grinding down frontline positions.

◇ unclassifiedmiddle-east · usa

CBI to Deliver Storage Tanks for Commonwealth LNG

CB&I won a contract to build five 1.77 million-cubic foot LNG storage tanks for the Commonwealth LNG project in Cameron Parish, Louisiana.

◇ unclassifiedmiddle-east · usa

Bechtel Bags EPC Contract for Sabine Pass LNG Expansion

Cheniere Partners has now also given Bechtel a 'limited notice to proceed' for the contractor to launch early engineering and procurement activities.

Social◇ unclassifiedsocial-signal

Shitpost question: Are the upcoming IPO’s for AI ‘frontier’ companies a rug pull?

Specifically talking about OpenAI, Anthropic and SpaceX. I think early backers and VCs want their money back now before a potential AI bubble burst. SpaceX has a ridiculous valuation, OpenAI wants to churn through 600 billion before it’s profitable and recent reports are coming out that the cost of using Claude vastly exceeds that of human capital with the token churn rate being what it is. I think there is a bubble, and the maths doesn’t add up, whilst AI compute costs will eventually fall, the

◇ unclassifiedmiddle-east · usa

Democrat Lawmakers Probe Sable Campaign to Restart Santa Ynez Oil Flows

'We urge you to pause and consider the long-term legal and financial ramifications of collaborating with the Trump administration to circumvent California law', the legislators warned Sable's CEO.

Oil Prices Set to Slump 19% in May as Market Bets on U.S.-Iran Deal

Early on Friday, oil prices were on track to plunge by 19% in May as traders and speculators bet on an extended ceasefire and an eventual U.S.-Iran deal despite the biggest physical supply disruption in history. Brent Crude prices were poised to drop by 19% in May by the end of the trade day on Friday, which would be the steepest monthly decline in prices since 2020. Early on Friday, Brent Crude front-month futures traded flat at $93.84 per barrel, while the U.S. benchmark, WTI Crude, was down b

47d05/29⚠ war-conflict · 2/5

The era when Europe viewed China as a partner is over, Brussels insider warns

The European Union and China are entering a new, more turbulent era in trade relations, as China has evolved from Europe’s favoured customer into a sophisticated competitor, a Brussels lobbyist has said. Chinese businesses are likely to face tougher scrutiny in the EU market as a result, with Brussels already taking steps to diversify its trade and mulling more robust measures to shield local industry from Chinese competition, according to Michael Koplovsky, a senior adviser at the strategic...

◇ unclassifiedchina · asia · europe

Two Risky Small Cap Energy Stocks to Buy and Hold

Energy is usually seen as quite a conservative sector for investors. Constant demand for the product and relatively high dividend payouts create investments that, while not immune from risk, are often seen as a safe play, as somewhere to hide in troubled times. That, though, is an oversimplification. While there will always be a growing demand for energy as long as we continue to automate and electrify our lives, energy demand is still sensitive to economic conditions. In addition, the ways in w

Bolivia’s Austerity Shock Triggers Nationwide Revolt

Politics, Geopolitics & Conflict Austerity measures in Bolivia have gone too far, too fast, putting the president’s political longevity in question. Bolivian President Rodrigo Paz, who came into office six months ago, backed by Washington and promising market-oriented reforms during a severe economic crisis, is now facing nationwide unrest after scrapping fuel subsidies, pursuing austerity measures, and attempting land reforms that triggered fears of consolidation by larger agricultural interest

Ceasefire Talks Trigger Massive Selloff in Crude Futures

July WTI crude oil suffered its largest weekly decline in months as traders aggressively removed geopolitical risk premium from the market on growing hopes that diplomacy between Washington and Tehran could eventually succeed. Through Thursday, May 28, July WTI crude oil traded between a high of $94.70 and a low of $87.11 before settling at $88.60, down $8.40, or 8.66%, for the week. The selloff was notable because it occurred while many of the bullish supply factors that drove crude sharply hig

◇ unclassifiedchina · asia

Kenya arrests 8 students suspected of arson in deadly school fire

Kenyan authorities have arrested eight students on suspicion of arson over a fire at a girls’ boarding school that killed 16 students, ‌police said on Friday. The fire at the Utumishi Girls’ Academy Senior School in Gilgil in west-central Kenya broke out in the early hours of Thursday and also injured 79 students. Fires are common at Kenyan schools, with many set by students protesting harsh discipline and poor conditions, researchers ⁠have found. “Preliminary investigations have identified...

47d05/29⚠ war-conflict · 1/5

How much do Germans invest in stocks?

How much do Germans invest in stocks? -> The numbers are surprising: The typical German stock investor has invested 14,400 euros in individual stocks and 15,900 euros in funds. These are the median values - half have less, the other half have more. The average is significantly higher at 65,100 euros in stocks and 44,600 euros in funds, but is distorted upwards by large investors. The average portfolio size at the end of 2024 is around 34,900 euros. That's an impressive development: 201

Social◇ unclassifiedgermany · europe

47d05/29⚠ war-conflict · 1/5

GEZ request to my father's company, which has been liquidated for 6 years

Hello community! Today the laugh comes, I happen to be visiting my mother's family, my dad died in March. Until 2020 he still had a GmbH, which I didn't want to continue and so he liquidated it. Now today, for whatever reason, I was asked to provide the new company headquarters because the apartment no longer exists since April 1st and the business premises would therefore have to pay again. So what do I do for the least amount of effort, I'm only here every 2-3 months. A

Social◇ unclassifiedgermany · europe

◇ unclassifiedusa · europe · china

Quad nations step up Indo-Pacific push with new initiatives

The announcement to build port infrastructure in Fiji comes amid China’s deepening ties with the South Pacific island, which straddles vital sea lanes.

Asia faces ‘costly paradox’ over divergent AI rules in US and EU

Asian technology firms are facing a “costly paradox” as they try to navigate an increasingly uneven global AI rule book, with divergent compliance requirements in the European Union and the United States threatening to blunt their competitive edge. Analysts say the challenge is acute for Asian companies. While the EU has a single, comprehensive and legally binding artificial intelligence framework based on the landmark EU AI Act, US technology-related laws are decentralised at the state...

Rescuers find 6 more bodies after US paper mill disaster

US authorities have found six more bodies following a chemical leak at a paper plant in Washington state, an official said on Thursday, with three of a total 11 victims still missing. A huge tank holding tens of thousands of gallons of a highly caustic substance imploded on Tuesday at the plant in Longview, Washington state, sparking a major search operation. Rescuers had initially confirmed two people were dead, and ruled out finding survivors as the search turned to recovering victims’...

◇ unclassifiedchina · asia · korea

How will South Korean nuclear submarines alter underwater balance near first island chain?

South Korea’s plans to build nuclear-powered submarines by the mid-2030s will spur a US-allied network of advanced underwater capabilities near the first island chain, strengthening deterrence against potential adversaries such as China and North Korea, analysts say. The South Korean defence ministry this week announced its basic plans to build the country’s first nuclear-powered submarine, giving its first detailed outline of the programme since US President Donald Trump granted initial...

How Trump’s war on Iran is jeopardising Asia’s remittance lifeline

There seems to be no end to the harm arising from US President Donald Trump’s madcap war on Iran. Go beyond the direct tragic impact across Iran itself, the collateral damage from Tehran’s effective closure of the Strait of Hormuz, and its ad hoc assaults on US allies in the region: beyond the burgeoning impact of shortages of oil, gas, hydrogen, helium and sulphur, and the prospect of food shortages arising from the collapse in fertiliser supplies; beyond the hardships of tens of thousands of..