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1d07/09

EU Eyes 2040 Electrification Target to Slash Oil and Gas Dependence

The European Commission is set to unveil next week an electrification target for 2040 in a bid to reduce the need for fossil fuels and strengthen the renewable energy sector in the EU, according to a draft proposal seen by Bloomberg News. The Commission, the EU’s legislative arm, is expected to propose on July 17 a target for the share of electrification, still unspecified, as part of the energy consumption in the bloc by 2040. “With decisive action at all levels, Europe can become the first ele

◇ unclassifiedmiddle-east · russia · usa
2d07/09⚠ war-conflict · 3/5

US-China AI war boils down to a contest over electricity

The proliferation of artificial intelligence models and the increasing parity in their performance suggest they are becoming a commodity. Soon, AI services will be priced by cost rather than the uniqueness of their model. With electricity the main cost of the services, the AI war between China and the United States is turning into a straightforward contest over electricity output and price. Open-source AI models are sprouting up like bamboo shoots in China. The American AI community has argued..

◇ unclassifiedchina · asia · usa
2d07/09

Ukraine Hits Two Russian Fuel Tankers as Moscow's Fuel Crisis Deepens

Ukraine hit two fuel tankers overnight offshore Russia’s southern coast in an expanding campaign to deepen the fuel crisis in Russia. The two tankers were hit in Taganrog Bay, the northeastern arm of the Sea of Azov in the southern Russian Rostov region. Yury Slyusar, the governor of the region of Rostov, posted on Telegram early on Thursday that two tankers were hit in the Taganrog Bay. The vessels suffered “mechanical damage” and caught fire, while no injuries or casualties were reported by th

◇ unclassifiedmiddle-east · russia · usa
2d07/09⚠ shipping-routes · 2/5

went 30% cash on tuesday when iran escalated,now i am questioning every decision I made.

I made what felt like a sensible call tuesday evening, moved 30% of my portfolio to cash when I saw US iran strikes breaking and felt validated on wed when the fow dropped 576 points and oil spiked 5%. Well today futures are mixed,the selloff seems to be stabilizing and energy and defense rotation is continuing but the broader panic appears to be cooling and alsoo pepsico is reporting Q2 earnings before the open this morning ( a stock I trimmed tues thats down 16% from highs) The exit was clean

Social◇ unclassifiedusa · europe · iran
2d07/09⚠ shipping-routes · 3/5

Pakistan Rushes to Buy Emergency LNG After Qatar Cargo Is Canceled

Pakistan is forced to turn to the spot LNG market once again after the re-escalation in the Strait of Hormuz has canceled a cargo from Qatar. State-controlled Pakistan LNG has just issued a tender to buy an LNG cargo for July 15-16 delivery. The decision was taken on Wednesday, after the renewed hostilities led to the cancellation of one LNG cargo from Qatar that was supposed to arrive in Pakistan later this month, anonymous traders familiar with the matter told Bloomberg on Thursday. Pakistan,

◇ unclassifiedmiddle-east · russia · usa
2d07/09⚠ war-conflict · 3/5

Escalation Continues as U.S. and Iran Face Off Over Hormuz

The United States is prepared for a continued exchange of fire with Iran over the Strait of Hormuz and Tehran’s attacks on commercial vessels in the chokepoint, U.S. officials have told Axios, while both sides continued to trade strikes early on Thursday. The U.S. is prepared for an escalation that could last from a day or two to multiple weeks to get Iran to back down from attacking ships in the Strait of Hormuz, a U.S. official told Axios. Iran’s next moves will determine how long and how seve

◇ unclassifiedmiddle-east · russia · usa
2d07/09⚠ war-conflict · 2/5

Indonesia’s Tokopedia denies mass lay-offs, but ‘restructuring’ deepens tech winter fears

Reports of sweeping lay-offs at Tokopedia, the Indonesian e-commerce giant majority-owned by China’s ByteDance, have renewed concerns about Southeast Asia’s largest digital economy as analysts warn the country’s tech winter shows few signs of easing. The cuts have also raised questions over the future of one of Indonesia’s best-known home-grown digital champions, with analysts saying Tokopedia’s deeper integration into ByteDance’s ecosystem could shift more technology, product and strategic...

◇ unclassifiedchina · asia
2d07/09⚠ war-conflict · 1/5

It's worth buying - that can't be right?

Hey Carbonara disciples, you have to steer me onto the right path again, I must have taken a wrong turn somewhere. I have been investing in the holy grail for several years and until yesterday I was firmly convinced that an apartment/house for personal use was not an investment, but a pure dream hobby. Now my partner and I are unexpectedly looking for a larger apartment earlier and are a bit surprised at the prices. My partner said: "Yes, you can buy it straight away

Social◇ unclassifiedgermany · europe
2d07/09

Bonnie Tyler, singer of epic ‘Total Eclipse of the Heart’ dies at 75

Bonnie Tyler, the gravelly voiced, Grammy-nominated Welsh pop star best known for singing the chart-topping power ballad “Total Eclipse of the Heart” in 1983 and seeing new generations succumb to its bombastic charms during solar and lunar eclipses, has died. She was 75. Tyler died “unexpectedly” in a hospital in Portugal where she was being treated for an illness, her family said on Thursday in a statement on her website. She was hospitalised in May in Faro, where she had a home, for emergency.

◇ unclassifiedchina · asia
2d07/09

€305k in one taxable account, thinking about going part time. Am I actually there yet?

I'm in the EU(38M) so there's no 401k, no Roth, no IRA, not even a UK ISA. No tax sheltered retirement wrapper at all. It's all just a plain taxable brokerage at IBKR. Makes the math cleaner but also scarier, since nothing is locked away, it's one account I could nuke any day I lose my mind. My numbers (I'm single): Net worth: ~€305k VWCE (FTSE All-World, accumulating): €230k AGGH (global bonds): €40k P2P: ~€10k Cash buffer: €25k, about a year of expenses No property, I rent a 1 bed at ~€750/mo

Social◇ unclassifiedeurope · uk
2d07/09⚠ war-conflict · 3/5

Oil Price Surge Shows Markets Were Too Relaxed About Iran Deal

Wednesday’s jump in oil prices to a two-week high suggests that market participants were too complacent about the U.S.-Iran ‘deal to make a deal’ and that the ceasefire would hold and oil flows through the Strait of Hormuz would only increase, analysts at ING said on Thursday. Oil prices surged by over 5% on Wednesday, gaining 7% at one point to a two-week high, after the escalation in the region. The Iranian attacks on three commercial ships on Tuesday, including an oil tanker and an LNG carrie

◇ unclassifiedmiddle-east · russia · usa
2d07/09⚠ war-conflict · 3/5

US-Iran ceasefire collapse revives risks of global inflation

China called on the United States and Iran to stick with peace plans after a resumption of missile strikes in the Middle East spurred a jump in oil prices. “Reigniting the conflict does not serve any party’s interests,” a spokesman for China’s Ministry of Foreign Affairs said on Wednesday. “We call on the US and Iran to follow through on their memorandum of understanding, resolve disputes through dialogue and negotiation, and avoid resorting to force.” Brent crude, the global oil benchmark, rose

◇ unclassifiedchina · asia · usa
2d07/09

176 child abuse cases in 5 months after start of Hong Kong’s new reporting regime

Hong Kong authorities have recorded 176 reports of suspected child abuse involving 188 children in just over five months of the city’s new mandatory reporting regime, with sexual abuse accounting for the largest share of total victims. Secretary for Labour and Welfare Chris Sun Yuk-han revealed on Thursday the number of reports logged by the end of last month since the requirement for 25 professions to report serious suspected child abuse took effect on January 20. Out of the 188 children...

◇ unclassifiedchina · asia · usa
2d07/09⚠ war-conflict · 4/5

Goldman Sachs Sounds Alarm Over Fresh Threat to Global Oil Supplies

A week after it warned that an oil glut is coming, Goldman Sachs has done a U-turn, warning that the renewed hostilities in the Persian Gulf threaten an extended supply disruption. “While Middle Eastern producers have started reopening their shut-in wells over the last month, Hormuz disruptions could slow down the production recovery,” the bank’s commodity analysts said, as quoted by Bloomberg. They added that Middle East oil production remains 10.5 million barrels daily below pre-war levels. “T

◇ unclassifiedmiddle-east · russia · usa
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