Finance news

Is Singapore facing ‘public fatigue’ over ex-MP Raeesah Khan saga?

It has been nearly five years since then Workers’ Party (WP) MP Raeesah Khan uttered her first lie in Singapore’s parliament but its aftershocks continue to reverberate, as some political observers argue that public fatigue has set in. They say it would be in the interest of both the ruling People’s Action Party’s (PAP) and the WP to avoid further drawing out the issue when there are more pressing matters to address for citizens. Mustafa Izzuddin, a senior international affairs analyst at...

12d06/30⚠ shipping-routes · 2/5

Strait of Hormuz is reopening faster than expected, says Morgan Stanley as it cuts oil-price target

The Strait of Hormuz is reopening faster than expected, oil analysts at Morgan Stanley said as they cut their oil-price view for this year and next.

◇ unclassifiedusa

12d06/30⚠ war-conflict · 2/5

What will Hong Kong’s proposed reforms to sexual offences laws change?

Hong Kong authorities have put forward a sweeping overhaul of the city’s sexual offences laws, such as broadening the definition of rape, introducing new offences covering non-consensual acts involving children and persons with mental impairment, setting a uniform age of consent at 16, and removing gender-specific provisions. The proposals, which follow the Law Reform Commission’s reviews of sexual offences over the past decades, are undergoing a one-month public consultation. The government...

Pakistan Pays Premium for Urgent LNG Cargo

Pakistan has bought a cargo of liquefied natural gas, paying a premium of around $1 per million British thermal units to regional spot market prices in a move highlighting the continued disruption in LNG flows out of the Persian Gulf, despite diplomatic efforts to settle the conflict that caused the disruption. Pakistan LNG Ltd. bought the cargo for prompt delivery, Bloomberg reported, citing unnamed trading sources. The price the state gas company paid stood at $16.74 per mmBtu, compared to Asi

Labor market: Hardly any spring momentum on the labor market

The German labor market has been waiting since April for the spring recovery to begin. But even at the end of spring it almost completely disappears.

Holiday home in flames: Before the spark ignites

Southern Europe: Fire protection for holiday properties

◇ unclassifiedgermany · europe · russia

Icebreaking tankers: One of Denmark's richest families keeps Putin's LNG fleet in good shape

The EU will soon close the last loophole for Russian gas imports. Then a lucrative business ends for the Danish Fayard shipyard - which it maintains until the end.

◇ unclassifiedchina · asia · usa

Ex-prosecutor loses judicial challenge against sacking for emails flouting neutrality

A former senior Hong Kong prosecutor has lost a judicial challenge against his dismissal over remarks made in two emails questioning the integrity of police and inviting colleagues to attend a June 4 Tiananmen Square vigil. In a judgment delivered on Tuesday, the High Court ruled that the civil service had sufficient basis to sack William Wong Wa-fun and strip him of 26 years’ worth of pension entitlements for violating the standards of conduct expected of a public servant. Mr Justice Russell...

Oil price: Morgan Stanley warns of oil glut and lowers price forecasts

According to analysts, the Strait of Hormuz is opening faster than expected. That's why the bank is adjusting its forecasts for the oil market.

New Report Says U.S. Led Global CO2 Emissions Growth in 2025

A report has criticized the United States for leading global carbon dioxide emissions growth in 2025, saying the country accounted for around 30% of the global increase in emissions. The rise in emissions came as a result of a boost in coal power generation in the United States, the report, produced by the Energy Institute, net-zero outlet Ember, the Kearney Institute, and KPMG, said, as quoted by Reuters. U.S. coal power generation jumped by 10% last year, which, according to the report’s autho

In 2011, Shanghai–Beijing high-speed rail link officially began operations – SCMP archive

This article was first published on July 1, 2011 Plane beats train, but winning isn’t everything by Will Clem, Shi Jiangtao Two South China Morning Post reporters yesterday pitted the new high-speed Shanghai–to–Beijing train against an airliner and discovered that although taking to the skies had the edge for speed, rail won out for comfort and convenience. They set off from the SCMP’s Shanghai bureau at 2.34pm, taking separate taxis for Hongqiao International Airport and the adjacent railway...

Why did they pancake? Building failures, soft soil amplify Venezuela quake destruction

When late Venezuelan ⁠leader Hugo Chavez built this coastal housing development bearing his name as part of his socialist revolution, residents found ⁠a fresh start after deadly floods had decimated the area more than a decade earlier. But after two back-to-back earthquakes flattened parts of the 1,100-unit complex last Wednesday, engineers have urged the Venezuelan government to swiftly audit similar public housing that is still standing. “I lost my whole apartment,” said Yelsa Rojas, who since

◇ unclassifiedmiddle-east · usa · iran

Iran Steps Up Talk of Keeping Control of Hormuz

A top Iranian official reiterated the country's determination to maintain control over maritime traffic moving through the Strait of Hormuz, raising the stakes ahead of fresh negotiations with the U.S. on ending their war for good.

◇ unclassifiedmiddle-east · usa

Eni Adds Gas Production Capacity in Libya

Italy's Eni and Libya's NOC started up a compression project that improves natural gas recovery in the Bahr Essalam field off the Mediterranean coast of the North African country.

◇ unclassifiedmiddle-east · usa · germany

Uniper Signs Its First Offshore Wind Power Purchase Agreement

Uniper agreed to buy 100 megawatts from the future Gennaker offshore wind farm on Germany's side of the Baltic Sea for an extendable 10 years.

◇ unclassifiedmiddle-east · usa

TechnipFMC Bags Large Contract to Deliver New Var Energi Projects

'This direct award follows a five-year collaboration agreement signed in 2025 to deliver subsea projects utilizing TechnipFMC's integrated model and accelerate development through coordinated portfolio execution'.

Greenpeace: Shadow fleet passes closer to Germany

Environmentalists are observing a shift in Russian oil shipments in the Baltic Sea closer to the German coast - presumably in response to increased controls.

Trump Pressures Gas Stations to Slash Prices "Immediately"

President Donald Trump has scolded fuel retailers for failing to cut prices at the pump, saying in a social media post “Gasoline Retailers must get their Prices down, IMMEDIATELY! They’re too high considering that Oil is now at $68 a Barrel, and heading south.” “The Retailers must quickly react to this statement, and do what they know is right — DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE! There will be no gauging, which is totally illegal. If Retailers don’t do this, big problems lie ahead! S

Social◇ unclassifiedsocial-signal

Meta is not getting AI right

https://imgur.com/a/0eWPf60 This morning, while opening WhatsApp on my Mac, the app updated and restarted, ask me to scan the QR code with phone to log in. For no clear reason, the computer app gets flagged as spamming. I haven't used it for 2 days, (I don't use WhatsApp normally, like 3, 4 times a week) It gets me to think how Meta's use of AI might be pretty bad and this is an example where AI is making things worse than it should. submitted by /u/whoisjian [link] [comments]

Oil price: How expensive will refueling be from July?

The fuel discount will end soon. At the same time, the prospect of peace in the Middle East could make energy cheaper. What this means for refueling and heating with gas.

◇ unclassifiedgermany · europe · china

Car test: Nicer charging and faster charging with the Zeekr 7GT

So far, Zeekr has had less of a presence than other posh Chinese brands. No wonder: it got off to a late start for us and is primarily aimed at corporate customers. With the 7GT this could all change.

◇ unclassifiedusa · china · middle-east

China factory activity grows faster than expected in June on tech export demand

China's manufacturing engine held up this year as surging demand for artificial intelligence technology helped offset the drag from Middle East turmoil.

12d06/30⚠ war-conflict · 2/5

Car maker: Volvo develops cars in less than three years

Thanks in particular to the new software architecture, the manufacturer is catching up with the significantly faster Chinese competition. Volvo recently had major problems with this important component.

◇ unclassifiedchina · asia · usa

Hong Kong IPOs ride China’s tech wave, but Nasdaq leads way with SpaceX tsunami

Hong Kong has surrendered its IPO fundraising crown to Nasdaq following SpaceX’s blockbuster listing earlier this month, but it did so while seeing its IPO proceeds register a year-on-year rise of about 84 per cent in the first half of 2026 – consolidating the region’s position as a primary offshore financial hub for Chinese issuers. A total of 83 companies raised US$26.42 billion on the Hong Kong stock exchange’s main board from January to June, according to LSEG Data & Analytics. The figure,..

◇ unclassifiedchina · asia · usa

Hong Kong beauty operators warn tighter rules may deal ‘blow to our trade’

A Hong Kong government plan to tighten regulations on prepaid beauty and fitness contracts has sparked concern among operators, who warn that a rigid refund window and caps on administrative fees ignore operational realities. The government on Monday launched a two-month public consultation on proposed amendments to the Trade Descriptions Ordinance, aimed at strengthening consumer protection amid persistent complaints about unfair practices and high-pressure sales tactics. Key proposals include.

Shanghai should step up as finance hub, as Hong Kong ‘not enough’, proposal says

Shanghai has been urged to build itself into a hub serving the rising outbound investment needs of Chinese firms, potentially increasing rivalry with Hong Kong as both cities race to augment their status as financial centres. The suggestion by Liu Xiaochun, vice-president of the Shanghai Finance Institute and a senior banker with three decades of experience, was made in mid-June at a closed-door meeting hosted by China Finance 40, a Beijing think tank comprising many top Chinese financial...

Not Even Musk Has The Answer To AI’s Power Shortage

The White House issued a stark warning in July 2025: Without $1.4 trillion in new infrastructure investment, electricity prices could surge as much as 58% by 2030. That’s driven mostly by the insatiable power demand from the rise of AI data centers and cryptocurrencies like Bitcoin. According to Axios, new reports show that power demand is set to grow up to 10x between now and 2030. The grid we’ve relied on for decades simply can't keep pace, and that’s threatening to put a major strain on both

12d06/29⚠ war-conflict · 3/5

12d06/29

Waymo and Uber end robotaxi pilot in Phoenix

The Waymo self-driving cars deployed in Phoenix for the Uber pilot will remain in use and make autonomous deliveries with DoorDash.

◇ unclassifiedusa

The Next Oil Rally Could Be Driven by Stockpile Buying

The war in the Middle East has cost the world over a billion barrels in cumulative supply losses. Yet luckily, China had built a reserve of about the same size before the closure of Hormuz, so it stopped buying so much oil, arresting the inevitable price jump. Now, everyone wants to build an oil reserve—or needs to replenish the ones they already have. Back in March, soon after the U.S. and Israeli attacks on Iran began, prompting the latter to retaliate by closing the Strait of Hormuz, the Inte