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26d06/17⚠ war-conflict · 3/5

ECB: Iran Peace Deal Won't Erase Europe's Energy Price Shock

Europe will have to contend with the energy price shock for months despite the tentative U.S.-Iran agreement to end the war and reopen the Strait of Hormuz, European Central Bank (ECB) officials said this week. The ECB last week raised key interest rates for the euro area for the first time since 2023 as the Middle East conflict hiked energy prices that have started to feed into core inflation. The ECB raised the key interest rate by 25 basis points to 2.25%, its first hike since 2023. Eurozone

◇ unclassifiedmiddle-east · russia · usa
26d06/17⚠ war-conflict · 2/5

Is the US warming up to Hong Kong? High-level meeting with business group signals shift

In a possible sign that Washington’s stance on Hong Kong is shifting, a senior US State Department official will meet a delegation of the American Chamber of Commerce in Hong Kong (AmCham HK), the South China Morning Post has learned. Speaking on condition of anonymity because they were not authorised to comment publicly, sources familiar with the matter said Michael DeSombre, US assistant secretary of state for East Asian and Pacific affairs, would meet the AmCham HK delegation, which is...

◇ unclassifiedchina · asia · usa
26d06/17⚠ shipping-routes · 3/5

First Iranian Oil Moves Past U.S. Blockade Ahead of Deal Signing

Iran’s first observed crude oil exports in two months have moved past the U.S. blockade outside the Strait of Hormuz in a sign that Iran is wasting no time to take advantage of the tentative deal with the United States. Following the announcement of the deal this weekend, and ahead of a formal signing ceremony expected in Switzerland on Friday, at least three Iranian crude oil tankers have exited the Strait of Hormuz and departed from the region moving past the U.S. blockade so far this week, ta

◇ unclassifiedmiddle-east · russia · usa
26d06/17

Loan approved for property - but purchase price reduced

Hello everyone, I would like to buy a single-family home and the notary appointment is coming up soon. Now the purchase price has reduced by €10,000 or almost 2% of the house value. Renegotiating the loan would mean significantly worse loan terms. So there are the options: 1. Get €10,000 less loan from the bank 2. Use €10,000 less equity, but get the full loan. My credit broker is for option 2. So use the full credit and just 10k less

Social◇ unclassifiedgermany · europe
26d06/17

Global Gas Markets Get Another Boost as Australian LNG Strike Ends

A weeks-long strike action at the Ichthys LNG facilities in Australia is coming to an end after trade unions and Japanese energy company Inpex reached an agreement on pay and benefits. More than 430 members of the Offshore Alliance, AWU, and ETU trade unions early on Wednesday endorsed a settlement with Ichthys LNG operator Inpex, ending the dispute that on Tuesday had shut down Train 1 at the facility, Offshore Alliance said. The end of the industrial action, which began on June 3, comes as a r

◇ unclassifiedmiddle-east · russia · usa
26d06/17⚠ shipping-routes · 2/5

Qatar Prepares LNG Comeback Ahead of Hormuz Reopening

Qatar has started to return LNG tankers back to the Middle East in anticipation of an imminent reopening of the Strait of Hormuz that would allow the world’s second-biggest LNG exporter to start producing and moving LNG supply again. At least four Qatar-owned tankers have headed in recent days to Ras Laffan, Qatar’s LNG complex in the Persian Gulf, and a fifth is en route to the region, vessel-tracking data compiled by Bloomberg showed on Wednesday. Another four LNG carriers are idling in the Gu

◇ unclassifiedmiddle-east · russia · usa
26d06/17⚠ war-conflict · 2/5

Top PLA graft-buster urges more loyalty, ‘political rectification’ as training ends

The PLA’s top anti-graft officer concluded unprecedented training for senior military officials in Beijing on Tuesday by urging continuing efforts to boost loyalty to the Communist Party and “political rectification”. Zhang Shengmin, vice-chairman of the Central Military Commission (CMC) – China’s top military decision-making body – said the first-of-its-kind training course had sharpened participants’ ideological transformation and sense of responsibility. “We should greet the 100th anniversary

◇ unclassifiedchina · asia
26d06/17

ETF Portfolio Advice: VWRA, VUAA, CSNDX

Hi everyone, I am building a long-term investment portfolio with Irish-domiciled ETFs. My current portfolio allocation is: VWRA: 46.4% VUAA: 35.4% CSNDX: 18.2% I know there is some overlap because VWRA already includes US stocks, while VUAA gives more S&P 500 exposure and CSNDX gives more Nasdaq/tech exposure. I am planning to add around 30% more money to my total portfolio. How would you suggest I invest the new amount? Should I keep adding to VWRA, VUAA, and CSNDX, or should I add another Iris

Social◇ unclassifiedusa
26d06/17⚠ war-conflict · 3/5

Geopolitics is complicating the green transition – and China’s moment

The recent escalation in the Middle East has produced an unforeseen winner. The conflict has rekindled worries about logistics and energy security, prompting governments and businesses to reconsider their reliance on fossil fuels and fragile supply routes. This has sped up the move towards renewable energy. And the principal beneficiary of this shift is China. The strategic significance of the Strait of Hormuz is well understood. Roughly one-fifth of the world’s oil trade passes through this...

◇ unclassifiedchina · asia · usa
26d06/17

China’s Gasoline Car Market Is Crashing as Fuel Prices Surge

Gasoline car demand in China is slumping on higher fuel prices resulting from the crisis in the Middle East, with gas guzzlers such as Range Rover, fetching discounts of up to 60%, Bloomberg reported, citing Chinese media. The report also cited data from the Chinese Passenger Car Association showing discounts on gasoline cars had almost doubled over the first five months of the year as oil—and fuel—prices crept up. Chinese passenger car sales dropped by over 22% in May, data released earlier sho

◇ unclassifiedmiddle-east · russia · usa
26d06/17

Hong Kong to mandate health checks for commercial drivers aged 65 and above

Hong Kong plans to introduce mandatory health checks for commercial vehicle drivers aged 65 or above by the middle of next year, tightening both the age threshold and the frequency of assessments to improve road safety. Undersecretary for Transport and Logistics Liu Chun-san told the Legislative Council on Wednesday that authorities would also establish a register of doctors, providing guidance to help drivers choose an appropriate practitioner. Liu said the government planned to lower the age..

◇ unclassifiedchina · asia · usa
26d06/17

China Bets on Ultra-Deep Shale Gas to Boost Energy Security

China’s state-owned oil and gas major and top refiner Sinopec is ramping up exploration in the shale formations of the Sichuan basin with a view to increasing the country’s shale gas production by a third over the next ten years. Currently, China’s shale gas total is below government targets, Reuters noted in a report on the news, adding shale gas represents only a tenth of China’s total natural gas production. Beijing has a shale gas output target of 80 to 100 billion cu m by 2030. This has pro

◇ unclassifiedmiddle-east · russia · usa
26d06/17

How to best replenish emergency fund?

Hi all, I have an emergency fund of around 30k (6 times my monthly income) but will need to use 3 to 4K for necessary expenses on the roof of my property. At the moment, I save monthly about 200€ in my emergency fund, 200€ for travels and I invest 500€ monthly in an ETF. What would be the most efficient way to replenish the emergency fund? Do I prioritise it and stop investing until it is back at 30k? Do I make a split? I don’t have much room to save/invest more atm because of a big mortgage… In

Social◇ unclassifiedeurope
26d06/17⚠ shipping-routes · 3/5

Oil Tankers Reverse Course on Hopes of Hormuz Reopening

Two tankers that were heading to Africa have changed course and are now moving to the Middle East, Bloomberg reported today, citing ship-tracking data. One of the tankers, a Suezmax, which was originally sailing for Gabon, is now signaling its destination as Fujairah, the UAE port just outside the Strait of Hormuz, Bloomberg said. The other vessel, a very large crude carrier, was originally en route to South Africa but is now also signaling Fujairah as its destination. News about a peace deal be

◇ unclassifiedmiddle-east · russia · usa
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