Finance news

Philippines foils second planned high school attack in Leyte in days

Philippine authorities successfully foiled another possible school attack in Leyte province just two days after Monday’s deadly shooting in Tacloban City, thanks to a timely tip from Senator Bam Aquino. The senator, nephew of former president Corazon Aquino, informed Interior Secretary Jonvic Remulla of the threat on Wednesday night. “At 8 o’clock last night, Senator Bam Aquino called me up and gave me a tip that there was chatter in Tacloban that there was an impending mass shooting that was...

Union Riester-Depot (Raiffeisenbank) – carry allowances with you or finally reallocate them to WEBN?

Hello everyone! Another savings bank story, just the same in blue/orange: From the Raiffeisenbank. I completed a Union Riester depot there in 2016, when I was still in training. At the time, the bank employee just sounded very nice and trustworthy - today I'm no longer sure whether that was a wise investment. The performance is +40% in 10 years, so disappointing. There were initially allowances. But not anymore because I am myself

China-Japan flights drop 57% for summer travel peak amid geopolitical tensions

The number of China-Japan flights scheduled by airlines for the upcoming summer travel period – the peak months of July and August – has dropped by 57 per cent versus a year ago following a political flap and a price hike in Japanese visas, according to industry data. A total of 2,629 round-trip flights were expected next month between the two Asian countries, down from 6,317 in July last year. In August, 2,641 were scheduled, a drop from the 6,127 flown in August 2025, data compiled by British.

Business ticker: Anthropic accuses Alibaba of a large-scale copy attack

Allegedly 29 million unauthorized accesses +++ Oil prices fall to their lowest level since the start of the Iran war +++ Rheinmetall share price falls by 17 percent +++ Ifo index increases after Iran agreement +++ News in the company live blog.

Natural Gas Prices Set to Ease as Qatar Restores LNG Output

Natural gas markets are on course to return to balance in the third quarter of the year as the Strait of Hormuz reopens, the head of the Gas Exporting Countries Forum has said. “If we assume that the Strait (of Hormuz) is now open and will remain open, our view is actually that in the course of this next quarter we will begin to see some re-stabilization in the market,” Philip Mshelbila said at the Reuters Global Energy Forum, as quoted by the publication. The GECF groups producer countries acco

Oil: Oil price reaches pre-war level of just over $70

Oil prices have fallen by almost $30 since the announcement of a deal between Iran and the US. Experts warn that it could take some time for the market to stabilize.

Repentant protesters will be given priority case review, minister says

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. Protesters arrested during Hong Kong’s 2019 social unrest will be given priority for case reviews if they demonstrate remorse and a sense of national identity, the security chief has revealed, even as investigations continue. In an interview with the SCMP, Secretary for Security...

Malaysian doctor in Australia remanded over 33 child sex offence charges

A Malaysian paediatrician based in Perth has been remanded on 33 charges of child sexual offences and possession of child exploitation material, widening a case that Australian prosecutors say involves multiple children. The case adds to a list of child sex-related prosecutions involving Malaysian medical practitioners overseas, including a child psychiatrist jailed in Ireland in 2024, and another doctor convicted in Australia last year. Saw Chia Liang, 41, remains in custody after his latest...

Hong Kong parents may lose battle over daughter Lily amid fight for baby Danny

Hong Kong social welfare authorities have classified baby Danny as a “high-risk” child and recommended he remain in protective care, while Sweden has moved to permanently transfer custody of his elder sister Lily to a foster family, according to the children’s parents. The developments come ahead of a hearing at West Kowloon Juvenile Court on Friday over a protection order for Danny, the two-month-old whose home birth and delayed registration triggered a child neglect investigation earlier this.

Nikkei, Kospi & Co.: AI optimism on East Asian stock markets – strong profits

The share prices of Asian AI suppliers are very volatile this week. After losses on Tuesday, there are significant gains on Thursday. The price of oil falls below $70 a barrel.

Trump meets munitions makers amid push to replenish weapons stockpiles

Pentagon negotiators are pressing contractors to move much faster to boost output.

Is Malaysia risking its world-class coral reefs for offshore oil?

Every booking inquiry that lands in dive operator Richard Swann’s inbox these days carries the same undertow of anxiety. Before his clients commit to a dive trip off Kota Kinabalu, they want reassurance: are Sabah’s reefs still worth the journey? It is a question that would have seemed strange a generation ago, when the waters off Malaysian Borneo were simply assumed to be among the finest on Earth. Now it is one of the first things visitors ask and the answer, according to a new environmental..

Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming

Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.

Addiction prevention: Survey: One in four people knows about addiction problems in their job environment

According to a survey, alcohol is the most common addictive substance at work. But only a few employees experience an open culture of discussion on the topic of addiction in the workplace.

Loss of fugitive transfer deals a ‘pity’ and only helps criminals, Chris Tang says

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. Resuming extradition agreements with some countries is up to the ones that suspended them, Hong Kong’s security chief has said, calling the loss of such transfer deals a “pity” and something that only benefits criminals. Secretary for Security Chris Tang Ping-keung said in an...

Malaysian student dies after collapsing during rugby training at school

A Form Two male student died after collapsing during a rugby training session at a secondary school in Telok Mas, Malaysia’s Melaka state. The 14-year-old is believed to have lost consciousness at about 6pm on Wednesday shortly after a break while listening to a briefing by his coach. The victim’s granduncle, Yahya Endut, 64, said he rushed from Alor Gajah after receiving news of the incident involving the teenager, whom he had raised since childhood. “I was informed that the victim had only...

Micron quadruples revenue, +14% after hours.

Revenue: $41.46 billion versus $35.84 billion estimated EPS: $25.11, adjusted, versus $20.78 estimated Gross Margin: Adjusted gross margins hit a record-breaking 84.9%, topping tech leaders like Nvidia and Meta. Data Center Strength: Driven by skyrocketing AI memory demand, data-center sales soared 415% year-over-year to $25 billion (61% of total sales). Guides $49-$51B. +14% AH move. Reddit neva right. submitted by /u/mulletstation [link] [comments]

‘No limits’ to accountability over Tai Po fire, security chief Chris Tang says

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. Authorities will arrest and prosecute anyone if there is evidence of their wrongdoing in the Tai Po fire tragedy to ensure justice is served without needing the independent committee to become a legal commission of inquiry, Hong Kong’s security chief has vowed. In an exclusive...

Japan's LNG carrier revival pins hopes on help from South Korea

Why the AI Boom Could Trigger the Biggest Energy Trade in Decades

Artificial intelligence is creating a new class of infrastructure giants virtually overnight, and one innovative Bitcoin miner that made an early leap into the global power business, feeding the voracious appetite of AI data centers, is now being rewarded for years spent securing massive amounts of low-cost electrical power around the world. Years before artificial intelligence triggered a global race for power capacity, Bitzero Holdings (NASDAQ: AIBZ) was using cash flow from Bitcoin mining ope

Qatar and the U.S. Warn EU of Gas Crunch Over Methane Regulation

The United States and Qatar have once again warned the European Union against doubling down on climate policies seeking to penalize the LNG industry, saying that if it continues on this course, the EU will face a gas crunch and higher prices. “There is no viable path to compliance with the regulation”, the top energy officials of the U.S. and Qatar, Chris Wright and Saad al-Kaabi, wrote in a letter quoted by the Financial Times. “Because legal compliance remains paramount, exporters and importer

Global Battery Storage Boom Is A Boon for Tesla

Global battery storage installations are booming, and so is Tesla’s utility-scale battery business. Tesla has just signed a multi-year supply and execution agreement with clean energy infrastructure provider NatPower for more than 25 gigawatt-hours (GWh) of battery energy storage systems (BESS) in Europe, as the continent is accelerating battery deployment to make the most of its domestic renewable energy resources. Europe’s battery storage and renewables-plus-storage installations are booming a

How Iran Plans to Consolidate Its Victory

At The Wall Street Journal, Reuel Marc Gerecht and Ray Takeyh examine the implications of the US-Iran memorandum of understanding. The deal “sets the stage for an eventual nuclear revival” on the part of Iran, they argue, “since what’s been blown up can be rebuilt as long as enough oil flows, the regime’s illicit dual-use import network remains operational, and US and Israeli intelligence fails against Iranian vigilance.” After demonstrating a bold willingness to cross “lines that previous presi

How do you explain to people investing does not equal greed

I live frugally. Small home, 23yr old car, etc. I don't need much. Growing up in a war-torn 3rd world country selling fruit out of a wooden cart earning just over a dollar a day, extreme poverty doesn't scare me like everyone else. ​ What does scare me is how distant loved ones have become since I started accumulating wealth. They think I've become Scrooge McDuck reincarnated. ​ ​ Immigrated to the u.s, got a degree, good job, and started investing aggressively at 23. Why? Because I had nothing

Why Wet Coffee Grounds Might Be The Next Waste-To-Energy Goldmine

A team of researchers at the Korea Institute of Geoscience and Mineral Resources (KIGAM) have just found a way to make biochar production faster and cheaper. The new method solves a major challenge in standard biochar production processes and potentially unlocks a recycling stream that can divert millions of tons of waste away from landfill annually and turn it into a productive energy source at a time when new energy alternatives are needed more urgently than ever before. Biochar is essentially

Meet the World Cup fans shelling out thousands for once-in-a-lifetime trips — and some don’t even have tickets to games

Soccer has ‘cult-like status,’ and World Cup visitors are going to great lengths to afford their trips to the U.S.

Business ticker: Oil prices fall to their lowest level since the start of the Iran war

Brent and WTI are falling significantly +++ Rheinmetall share price falls by 17 percent +++ Ifo index rises after Iran agreement +++ News in the company live blog.

China’s Crude Imports Plunge To Lowest Level Since 2018

Oil prices remain headline-driven, taking direction from escalation and de-escalation in the U.S-Iran conflict in the near term. The first round of talks between the United States and Iran in Switzerland has concluded with positive comments from both sides, and an agreement to push for a final agreement within 60 days. However, there's considerable scepticism about whether more complex issues around nuclear technology and transit through the Strait of Hormuz can be fully resolved in the short ti

Oil Falls to Postwar Lows

Despite historically low US crude inventories, traders focused on improving Middle East supply flows and growing signs of potential oversupply.

Energy secretary says U.S. has ended Iran's ability to close Strait of Hormuz

Some 72 ships loaded with 19 million barrels of oil have passed through Hormuz in the past 24 hours, Energy Secretary Chris Wright said.