Finance news

◇ unclassifiedgermany · europe · china

Business ticker: South Korea wants to invest 569 billion euros in chips and AI

Apple wants an exception for China chips from Trump +++ Fewer visitors at the Eurobike bicycle trade fair +++ SpaceX moves up in US indices +++ News in the company's live blog.

◇ unclassifiedchina · asia

China teenager cracks panel on tourist site’s glass bridge; public questions structural quality

A panel of a glass bridge at a popular tourist site in central China was cracked by a teenager wielding an umbrella, raising concerns about its quality among the public. On June 20, a visitor at the Baoquan Cliff World Scenic Area, a national 5A-rated tourism destination in Henan province, reported being evacuated by staff as soon as they stepped onto the signature glass bridge. This rating is the highest and most prestigious in the official tourism rating system. A spokesperson for the scenic..

Australian Gas Exploration Surges as Energy Security Takes Center Stage

Investment in natural gas exploration in Australia hit the highest in ten years amid the energy crunch caused by the war in the Middle East, totaling the equivalent of $329 million in the first quarter of the year, government data showed, as quoted by Reuters. The publication cited Rystad Energy as forecasting a 10% increase in gas exploration investment for the full year, as the world’s second-largest LNG exporter doubles down on one of its best-selling commodities. This means the total spent o

Innovation: VW apparently ends alliance with Bosch for autonomous driving

After investing billions, VW is considering ending the Bosch partnership for autonomous driving, according to a newspaper report. The gap to the competition is too great.

Entrance to Cologne Cathedral: These famous churches cost nothing

Whether Hamburger Michel or Speyer Cathedral: In contrast to Cologne Cathedral, other church landmarks in the country do not charge admission. At least as long as you don't want to go high or go low.

13d06/29⚠ war-conflict · 2/5

Reader question: Why aren't there more roundabouts in Germany?

Fewer red phases, more traffic flow: Many neighboring countries rely on roundabouts instead of traffic lights. Why Germany is hesitant and when mini roundabouts offer advantages.

Ifo Institute: Fuel discount was probably not passed on enough for diesel

The discrepancy that the economic researchers have calculated is clear. And what happens now that the fuel discount is about to expire?

◇ unclassifiedchina · asia · uk

Housing minister talks accountability, how to prevent another Tai Po fire

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Hong Kong will step up building renovation inspections and consider spot checks following lessons from the deadly Wang Fuk Court blaze, the housing minister has said in her first remarks addressing accountability for the disaster. In an exclusive interview with the South China...

◇ unclassifiedchina · asia · usa

China’s first AI-powered cancer vaccine production line set to launch in Beijing

China has broken ground on what developers say is the country’s first production line for AI-assisted personalised tumour vaccines, raising hopes for millions of new cancer patients every year – a disease that ranks as the nation’s second-leading cause of death. By October, Beijing-based Likang Life Sciences is expected to complete a new drug research and manufacturing centre in the Beijing Economic and Technological Development Zone, with a total investment of about 110 million yuan (US$16.1...

13d06/29⚠ war-conflict · 2/5

Oil jumps back above $70 as fresh U.S.-Iran clashes reignite Middle East supply fears

Oil edged higher on Monday after renewed military strikes between the U.S. and Iran reignited concerns over crude supplies from the Middle East.

◇ unclassifiedusa · middle-east · iran

Social◇ unclassifiedsocial-signal

MY FIRE NUMBER 45M - invested in ETFs and individual stocks

I have been thinking about this over the past few days and for me its the number I need to be able to live comfortably and have optionalities. Nothing extravagant or over the top. I have a young family,I want to not be stressed about money and be able to provide everything they need and want in life as regular kids ( e.g. no ponies for them) My FIRE number is £1.5M at a 5% withdrew rate. I have around 300k in individual stocks and etfs in ISA stock & shares account. The way I am starting to look

◇ unclassifiedchina · asia · usa

High ceiling to clear? First rectified subdivided flat to be approved soon

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Hong Kong’s first rectified subdivided home is expected to be approved by authorities in the next two months, while about 19,000 flats have already registered for the renovation policy’s grace period, the housing minister has revealed. Secretary for Housing Winnie Ho Wing-yin said.

◇ unclassifiedgermany · europe · japan

The entrepreneur talk: Rare earth traders: “The Americans and Japanese are currently buying up the market”

Andreas Kroll has been trading rare earths, the “cocaine of the industry,” for twelve years. The dependency of many sectors is great, he says in the interview, but it can be cured.

◇ unclassifiedchina · asia

‘Pass on the warmth’: blind Chinese teen aces gaokao, chooses medicine to help others

A teenager from northern China who lost his sight in a brutal attack has emerged as one of the top scorers in the national college entrance examination for students with disabilities. Thirteen years ago, Guo Bin was just six years old when a middle-aged woman lured him away from his home in Shanxi province. After threatening to gouge out his eyes if he continued to cry, the woman attacked him with a tree branch, resulting in permanent blindness. Guo was later found conscious but covered in...

◇ unclassifiedgermany · europe · iran

Oil exports in the Iran war: Export crisis in the Gulf: Countries want to bypass the Strait of Hormuz

Millions of barrels of crude oil were effectively blocked in the Gulf region by the Iran war. In a race against time, exporting countries are now looking for ways to get the raw material to its destination differently.

◇ unclassifiedchina · asia · iran

Australian energy exploration hits 10-year high as Asian gas demand surges

Energy exploration has picked up sharply in Australia, driven ⁠by growing Asian gas demand, technological advances and an improved investment climate, with the Iran war ⁠underscoring the urgency to develop supply after years of sluggish spending. Quarterly oil and gas exploration spending in Australia, the world’s No 2 liquefied natural gas producer, hit a 10-year high of A$471 million (US$324 million) in the March quarter, government data released in June showed. Energy investment sentiment has

◇ unclassifiedchina · asia

Bigger space, better living: what Northern Metropolis public flats have to offer

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. New homes in Hong Kong’s Northern Metropolis will offer 10 per cent more space than standard public flats, the housing minister has said while revealing plans to integrate more than 30 estates with the area’s environment, heritage and technology. In an exclusive interview with the.

13d06/28

Looking for ideas on an extra long-term investment account for our kids

My wife and I have two kids (ages 6 and 3). We contribute enough to both of their RESPs each year to receive the full CESG grant. We’re now thinking about saving some additional money for each of them beyond the RESP over the next 15–20 years. Most of our own investments are in TD e-Series following the Canadian Couch Potato model, and the RESPs are invested the same way. We’re considering either: Wealthsimple + XEQT with automatic recurring purchases. TD + TEQT (commission-free), although I’d h

Social◇ unclassifiedsocial-signal

13d06/28⚠ war-conflict · 3/5

Oil Markets Are Pricing A Supply Surge That Isn’t Guaranteed

Crude oil prices are in freefall after the United States and Iran agreed on a ceasefire, set to last 60 days. Traders expect the ceasefire to unleash an avalanche of crude, and indeed, tankers are leaving the Persian Gulf in growing numbers. And yet Iran just struck a commercial ship in Hormuz. Bloomberg reported earlier this week that the ceasefire prompted huge discounts in available crude cargoes, noting how Angolan crude was selling at a $10 discount to dated Brent—for the first time in a de

13d06/28⚠ shipping-routes · 2/5

Oil prices rise, stock futures inch higher as U.S. and Iran trade more airstrikes

Oil prices rose Sunday while U.S. stock-index futures advanced, after the U.S. and Iran continued to trade fire in the Persian Gulf, renewing fears that the Strait of Hormuz may effectively be shut again.

◇ unclassifiedusa · middle-east · iran

13d06/28

The World's Biggest Energy Bet Is No Longer on Fossil Fuels

For years, critics of the energy transition have made essentially the same argument. Renewable energy was supposedly too expensive, too dependent on subsidies, too intermittent, and too vulnerable to survive a serious energy security crisis. Sooner or later, they argued, governments and investors would return to the comfort of oil, gas, and coal. The latest figures from the International Energy Agency suggest the opposite is happening. According to the IEA's newly released World Energy Investmen

13d06/28⚠ sanctions · 3/5

The World Is Racing to Develop New Nuclear Fuels

In the age of the nuclear renaissance, several countries are strategising to significantly increase their nuclear energy capacity over the coming decades, as part of efforts to diversify their energy mix and boost long-term energy security. However, securing fuel to power operations has been complicated, particularly following the introduction of sanctions on Russian energy products. Now, alternative uranium fuels offer promise for the nuclear energy industry. Nuclear fission, used in all existi

13d06/28⚠ war-conflict · 3/5

Ukraine drone assault ignites Russian oil refinery as Putin recognises ‘difficult period’

Ukraine kept up its heavy drone assault on Russia, setting fire to a major oil refinery in the south and killing at least two people, Russian authorities said on Sunday, as President Vladimir Putin acknowledged his country is going through a “difficult period”. Ukraine has markedly stepped up its long-range attacks on Russian military industries and energy facilities in recent months, aiming to cut Moscow’s revenue for its invasion – now in its fifth year – and make Russians feel the...

◇ unclassifiedchina · asia · russia

14d06/28⚠ war-conflict · 3/5

China Eyes a Major Opportunity in Post-War Iran

Beijing is positioning itself to lead the post-war reconstruction effort in Tehran - a move analysts suggest could secure China long-term access to critical Iranian oil reserves. The diplomatic groundwork was laid during a recent meeting in New Delhi between Chinese Foreign Minister Wang Yi and the deputy secretary of Iran's Supreme National Security Council, according to Nikkei Asia. The talks underscore China's broader strategy to expand its economic and diplomatic footprint in the Middle East

14d06/28

Egypt Targets 60% Renewable Electricity by 2040

Egypt has steadily been increasing its renewable energy capacity and has even bigger plans for the coming decade. While Egypt continues to rely heavily on fossil fuels, that could soon change thanks to high levels of private investment in green energy, supported by favourable national policies. Egypt has significant potential to develop its solar and wind energy sectors, thanks to its favourable geographical conditions, with abundant land, including arid deserts, sunny weather, and high wind spe

14d06/28⚠ war-conflict · 3/5

High construction costs: Why a place in a nursing home costs 9,000 euros

The rooms in nursing homes are often as expensive as in luxury hotels. A visit to a construction site in Cologne shows why this is the case.

◇ unclassifiedgermany · europe · uk

14d06/28

Accident: Helicopter belonging to Saudi Arabia's oil company crashes - 14 dead

An important terminal for the export of crude oil is located in Ras Tanura in eastern Saudi Arabia. Now there is a fatal helicopter crash there. Is it an accident?

◇ unclassifiedgermany · europe · saudi-arabia

14d06/28

Management moment: When should you respond to provocations?

US President Donald Trump and Italian Prime Minister Giorgia Meloni are in a clinch. And it reveals a lot that also helps in the office.