Finance news

French army shows Leclerc tank with once-mocked anti-drone cage

Once derided as primitive, roof-mounted armor variants have been adopted by both Russian and Ukrainian forces as drone threats proliferate.

U.S. crude drops below $80 for the first time since March as Iran deal is set to open Hormuz Strait

"The Deal with the Islamic Republic of Iran is now complete," Trump said in a Truth Social post.

Before the G7 summit: Trump threatens France with a 100 percent tariff on wine

The US President is calling on France to abolish a tax on US tech companies. Otherwise, he would introduce new punitive tariffs that would hit Paris hard.

Memorandum of misunderstanding: Why Trump's Iran deal might not last

The text of the memorandum is not public. The “negotiations” between the US and Iran have occurred largely via intermediaries – Pakistan and Qatar. So far as we can glean from public statements, Iran has agreed to reopen the Strait of Hormuz from Friday, through which 20 per cent of the world’s oil supplies flow, and the US has agreed to end its naval blockade of Iranian ports in the Strait. All the tricky issues – the fate of Iran’s nuclear programme, sanctions relief for Iran in exchange for c

Hong Kong developer Lai Sun seeks note swap in bid to ease liquidity pressure

Hong Kong developer Lai Sun Development, chaired by businessman Peter Lam Kin-ngok, who also chairs the city’s Tourism Board, has launched an exchange offer for its outstanding US$493 million worth of 5 per cent guaranteed notes due July 2026, in an effort to relieve short-term liquidity pressures, the company said Monday in a filing to the Hong Kong stock exchange. Eligible noteholders can swap their existing holdings for new, US dollar-denominated senior guaranteed notes carrying an 8 per cent

LNG Tanker Heads for Hormuz Amid News of Reopening

A liquefied natural gas tanker has headed for the Strait of Hormuz, following an announcement by President Trump that he had struck a deal with Iran for the reopening of the chokepoint. Itan confirmed the preliminary agreement. The agreement is scheduled to be signed on Friday, with details yet to be revealed. There will also be a 60-day ceasefire period until negotiations are completed on all conditions of the end of the war. Iran has demanded and received commitment for an end to the war in Le

Markets: Asian stock exchanges celebrate agreement between USA and Iran

There is relief on the markets about the agreement between the USA and Iran. Oil prices are falling and the stock markets in Japan and South Korea are rising sharply.

Middle East: USA and Iran agree to end war – Trump: “Ships of the world, start your engines”

The two countries plan to sign an agreement on Friday. Further negotiations will then follow. Oil prices are falling and stock markets are reacting with price jumps.

Miss Hong Kong stirs Cantonese debate, China cuts degrees in AI push: 5 weekend reads you missed

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 5. How to say ‘tomato sauce’ in Cantonese? Miss Hong Kong hopeful sparks debate 2. Chinese team flags life-threatening weakness in Nasa’s Artemis programme 3. Hong Kong intern doctor released on bail, returns to hospital amid police probe 4. China’s universities cut 12,000 ‘obsolete’ degrees amid...

Starbucks’ South Korean staff to receive history lesson after ‘Tank Day’ blunder

Starbucks stores across South Korea will close for half a day next week for staff to attend a history lesson following a promotional campaign gone awry, the coffee giant said on Monday. Starbucks Korea, with more than 2,000 stores nationwide, found itself embroiled in public uproar last month when it ran a “Tank Day” promotion evoking a deadly military crackdown on a 1980 pro-democracy uprising. The day of the reusable cup promotion – May 18 – coincided with the 46th anniversary of the Gwangju..

Data and AI-driven analysis 'the new oil' in mining, Deloitte adviser says

World leaders welcome U.S.-Iran deal as Europe signals sanctions relief, urges Hormuz reopening

The agreement came after more than three months of stop-start negotiations and bouts of fighting since late February, roiling global energy and commodities markets.

Middle East conflict: Agreement in the Middle East drives stock exchanges in Japan and South Korea

After the agreement between the USA and Iran, the leading indices Nikkei and Kospi rose sharply. At the same time, oil prices are falling significantly.

Martin Blessing: “A certain disillusionment has set in”

The Chancellor's investment representative explains why foreign investors are less euphoric about Germany and why pension reform is crucial to making the location more attractive.

Markets cheer U.S.-Iran agreement, but some investors caution deal is yet to be signed

Asian stocks rallied Monday while oil prices tumbled after the U.S. and Iran agreed to a peace deal aimed at ending nearly four months of conflict.

Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz

Oil prices plunged in early Monday trading in Asia after the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. At the time of writing, Brent crude had dropped 3.95% to trade at $83.88 per barrel, while WTI had fallen 4.62% to $80.96 per barrel. Oil prices, which peaked in mid-May, have been slowly but surely trending downward in recent weeks on rumors of a deal, even after multiple escalatory strikes. On Sunday night, President Trump declared tha

Stock futures jump, oil prices fall as Trump says U.S. has reached peace deal with Iran

Oil prices fell and U.S. stock-index futures jumped Sunday after President Donald Trump said the U.S. has agreed to a peace deal with Iran, apparently ending months of hostilities that shut the Strait of Hormuz and sent the global economy into an oil shock.

How to (Profitably) Trade Trumps Tweets

Unfortunately this can be a viable strategy lol. President Donald Trump's investment accounts made nearly 4,000 individual stock trades during the first quarter of the year. This averaged out to about 65 trades per business day. There is no reason you cant capitalize on this yourself. Heres a guide on what I do myself to trade Trumps Tweets and everything you should know. You need to be fast to catch the tweet, and determine which securities will be impacted. (There are tools to help with this w

US, Pakistan announce peace deal with Iran is ‘complete’

US President Donald Trump and Pakistani Prime Minister Shehbaz Sharif announced on Sunday that a landmark agreement has been reached with Iran to reopen the strategic Strait of Hormuz and end the US naval blockade. “The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!” Trump posted on social media without providing any details of the agreement. “I hereby fully authorise the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorise the...

Agreement: Iran and USA agree to end war – oil price falls

After more than three months, the war between Iran and the USA appears to be over. According to Donald Trump, the Strait of Hormuz should reopen immediately.

Deal is reached to end Iran war and Trump orders stop to US naval blockade

SS: U.S. President Donald Trump confirmed a deal had been reached with Iran and said he had authorized an end to the U.S. naval blockade of Iranian ports in the Strait of Hormuz. “Congratulations to all!” he wrote on social media, without providing details. He added, “Ships of the World, start your engines. Let the oil flow!” submitted by /u/JKKIDD231 [link] [comments]

Fat, sugar, additives: Use these 7 strategies to eat less ready meals

Do you want to get out of the ready-made food trap? How healthy and delicious meals can be achieved without complicated recipes and a lot of time. And why, strictly speaking, ready meals don't save time.

Tell me about your non-traditional investments.

Not the stock market. Maybe you have a small real estate investment, your education, you health, hell even your kids. What are you doing that hope pays off down the line? Charlie Munger says you can triple your investment (presumably in your home) by planting trees at home and working on your landscaping. Basically focusing on the long term curb appeal. I've gotten the gardening bug and I find it to be therapeutic, and I'm out digging in the dirt, both of which has got to be good for my health.

UK anti-Islam activist Tommy Robinson says he was detained under terrorism laws

British anti-Islam activist Tommy Robinson ⁠said he was ⁠detained at Heathrow ⁠Airport on Saturday and had his phone seized, after a week when he posted heavily online about racist and anti-immigrant riots in Northern Ireland. Robinson, whose real ‌name is Stephen Yaxley-Lennon, said on social media he was held on Saturday evening for around three hours under the Counter-Terrorism and Border Security Act. “My phone has been seized by the police,” he wrote. “Please help ⁠kick off my legal fund...

3 Japanese shipbuilders to revive domestic production of LNG carriers

Nuclear Drives “All of the Above” Trend in Energy Security

Japan plans to rebuild over a dozen nuclear reactors by 2050; China is building seven new ones this year alone; in the U.S., two companies are building a hybrid nuclear-and-gas power plant; Germany admitted killing nuclear was a big mistake. Nuclear is back—and it makes the backbone of a new approach to energy security. “We clearly need more nuclear power and we’re bullish on it,” the president of Microsoft, Brad Smith said recently, as quoted by the Wall Street Journal, which reported that nucl

Alaska’s Untapped Oil Wealth Is Still Struggling to Find Investors

Alaskan oil and gas production has always been a complicated issue, as energy companies want to tap the region’s vast reserves and environmentalists fear irreparable damage to the vulnerable ecosystem. The Biden administration introduced far-reaching protections in Alaska, aimed at preventing new oil and gas exploration and protecting the environment and wildlife. However, since President Trump came into office last year, he has encouraged new fossil fuel development in the region. Yet the respo

The World Is Draining Oil Reserves, Raising Pressure for a Peace Deal

submitted by /u/Bongolio-the-seal [link] [comments]

Silicon Valley’s AI Dreams Face a Blue-Collar Reality

Most discussions about artificial intelligence focus on chips, data centers, power plants, and electricity demand. Those are all important. But another bottleneck is beginning to emerge, and it may prove to be an underappreciated challenge. The AI boom needs electricians. It also needs line workers, substation technicians, grid engineers, mechanical contractors, welders, construction crews, and commissioning specialists. These are not jobs that can be filled instantly with a software update or a

+++ Ukraine War +++: Zelensky and Trump have a telephone conversation about peace negotiations

Trump again offers Putin mediation in the Ukraine war +++ Starmer: Armed forces intercept shadow fleet oil tankers +++ The news blog.