Finance news

Small car: A lot of range in a small space - BYD also supplies the Dolphin with a range extender

Until now, PHEV systems with an electric range of over 100 kilometers were reserved for the upper classes. BYD is now combining double heart technology with a small car.

Have trade tensions scuppered EU-China talks ahead of tough Brussels decisions?

An EU-China dialogue on digital matters has been postponed as tensions between the two sides threaten to boil over. The meeting, initially scheduled for June 23 in Beijing, will no longer take place, with no immediate date set for a follow-up, people familiar with the situation confirmed. The Financial Times reported on Thursday that the talks had been abruptly cancelled by Beijing, along with a second meeting involving a senior EU official, as bilateral ties deteriorate on a near-daily...

Dax current: Dax is trading almost unchanged – the price of oil is rising

Renewed attacks between Iran and the USA are unsettling investors. In addition to the war in the Middle East, the focus on Thursday is the interest rate decision by the European Central Bank (ECB).

NTSK - My Michael Burry stock

Either this going to be the next big repricing in cyber or I’m about to learn an expensive lesson. Netskope IPO’d, ran to 28, and is now around 8 and change. Market cap is roughly $3.4B, but they have about $1.1B of cash, so EV is roughly $2.3B. For that, you’re buying: $845M ARR 29% ARR growth $201.6M quarterly revenue, up 28% 77% non-GAAP gross margin 30+ Fortune 100 customers 60%+ new logo growth FCF last year was positive and this year guided That’s like 2.7x EV/ARR for a cyber company still

Ukraine War: National Heroes or Mass Murderers? Dispute between Poland and Ukraine escalates

Zelensky has named a unit after a partisan army that carried out massacres of the Polish population during World War II. The outrage is huge – and so is the potential for conflict.

Trans Mountain Oil Pipeline Hits Full Capacity as Asian Demand Surges

The Trans Mountain pipeline has reached full capacity for the first time since its expansion was completed, boosting the pipe’s total carrying capability to 890,000 barrels daily. Indeed, this month the pipeline has seen more demand than there is capacity, a senior executive at the same-name company said, as quoted by Reuters. The expansion of the Trans Mountain infrastructure has been crucial for Canadian oil producers’ output plans, which have focused on responding to higher demand for oil, es

USA Strikes Iran

The U.S. military launched strikes against 'multiple' targets in Iran for the second straight day.

Gambling addiction in Philippines worsens as helpline calls surge

The Philippines may be taking steps to curb gambling addiction, but for Bridges of Hope founder and director Jon Ty, the number of helpline calls that he has received over the past year tells a different story. Such calls to the rehabilitation centre’s hotline were mostly related to gambling, with the number rising to nine out of 10 total calls so far this year from seven out of 10 in 2025, Ty said. Many of the callers were desperate family members reaching out because their loved ones were...

Cooperation: South Korea urges EU to make concessions on new steel tariffs

South Korea is pushing the EU for exceptions to the planned new steel tariffs. President Lee warns of disadvantages for domestic producers in competition with other suppliers.

Markets: DAX expected to be lower – Iran war and ECB decision in sight

The escalation between the USA and Iran is depressing the Dax. Rising oil prices and interest rate concerns ahead of the European Central Bank's decision are an additional burden.

Economy: IfW confirms German growth forecast for 2026

Despite the Iran war and high oil prices, the Institute for the World Economy is sticking to its growth forecast. However, it lowers the outlook for 2027.

Migration: Fewer refugees worldwide – but UNHCR sees risks

The number of refugees is falling for the first time in years, but forced returns and unresolved crises pose new dangers. What UNHCR chief Salih demands.

No budget deal without new EU-wide taxes, Costa tells leaders

António Costa is convening a two-day summit in Brussels next week

Economic situation: Companies are investing “very cautiously”: Germany is getting deeper and deeper into the crisis

The Kiel Institute expects significantly less growth in the current quarter. One reason: money that should flow into new machines, systems and vehicles is lost elsewhere.

AIIB chief Zou Jiayi on financing Asia’s green transition

Zou Jiayi is president and chairwoman of the board of directors of the Asian Infrastructure Investment Bank (AIIB), a multilateral development lender headquartered in Beijing and inaugurated in 2016. Before leading AIIB, Zou was deputy secretary general of the national committee of the Chinese People’s Political Consultative Conference, China’s top political advisory body. She previously held senior roles at the Ministry of Finance, including as vice-minister, and as part of her three decades of

SLB Lands Major Deal to Help Rebuild Venezuela’s Oil Industry

SLB has signed a long-term contract with Venezuela’s PDVSA to reverse a major decline in oil production and modernize the country’s oil industry. “Venezuela's oil and gas sector has substantial resource potential, and realising that potential will require technology, digital integration and long-term talent development,” SLB chief executive Olivier Le Peuch said in a company statement this week. The focus of the modernization push would be artificial intelligence, the statement also said, aiming

OPEC Oil Production Falls to Lowest Level Since 2000

Crude oil production among members of OPEC has this year collapsed to a generational low, at just 16.13 million barrels daily, Reuters reported, citing a regular survey it conducts on OPEC production. The amount is the lowest since 2000, the publication noted. The May average is also lower than OPEC production at the height of the Covid lockdowns, when the reduction was prompted by the collapse in demand as a result of the lockdowns. It is worth noting, however, that the May OPEC figure excludes

Dealing with unequal financial situations within family and friends

For me, the r/finance bubble only exists on Reddit and in real life my social contacts have very different financial positions. I assume that everyone knows this to a greater or lesser extent. Does it cause tension in your respective constellations if one person receives a large inheritance or early donations and another does not? Would you intervene “without being asked” if someone else spoke positively about an expensive/bad financial product?

Wages: Little collective bargaining coverage – Germany is lagging behind EU requirements

Collective agreements bring advantages for employees. But Germany does poorly when it comes to collective bargaining - and the federal government still lacks an action plan.

Attack on the Cotswolds: Where super-rich Americans go house hunting

US millionaires and celebrities are buying into the supposed idyll of the English Cotswolds. But they turn out to be less paradisiacal than expected.

Energy crisis: Asia is doomed

Although oil is no longer coming through the Strait of Hormuz, the Asian economies are showing robustness - thanks to the buzz around artificial intelligence.

How major LNG deal with Japan signals Malaysia as rising Asean ‘middle power’

Japan’s signing of a 20-year LNG supply deal with Malaysia’s Petronas has cast the Southeast Asian country as a valuable energy and security partner, as Tokyo looks to protect itself from global supply shocks and deepen ties with trusted allies. The latest move also underscores how, amid the energy crisis, Asian nations are striking deals bilaterally, with Malaysia leveraging its vast natural resources to rise as a “middle power”, according to analysts. Under the agreement announced during...

After the oil price shock: Why the interest rate turnaround is “inevitable”.

submitted by /u/Taddy84 [link] [comments]

+++ US customs policy +++: Trump questions trade agreements with Mexico and Canada

USA reaffirms tariff cap for EU and Japan +++ USA proposes 25 percent tariff on Brazilian imports - Lula outraged +++ Trump reduces tariffs on metal products +++ The news blog.

South Korea hits e-commerce giant Coupang with record US$409 million fine for data breach

South Korea imposed on Thursday a record US$409 million fine on e-commerce giant Coupang over a leak that exposed the data of more than 30 million customers, provoking ire from US lawmakers. The move caps a months-long probe into the country’s largest online retail platform, which is incorporated in the United States. Allegations of a massive data leak first surfaced in November, becoming an unexpected source of friction between Seoul and Washington. “We have decided to impose a total of 624.68.

Australia roiled by mounting scandal at KPMG

‘We’re Nothing At All’: why Hongkongers must avoid collective apathy

Through the invitation of a good friend, I had the privilege last Saturday of attending a charity movie screening held by SideBySide, a non-profit social service organisation. The film chosen for the event was We’re Nothing At All, a recently released social drama by veteran director and screenwriter Herman Yau Lai-to. While widely known for his more commercial titles, Yau is never afraid of tackling societal issues in his films. Local cinephiles will no doubt remember his previous works, such..

Interest rate decision: Oil price shock with consequences: Is the ECB ushering in the next phase of high interest rates today?

Key interest rates are likely to rise in the euro zone - but what happens next? New forecasts and nuances in ECB boss Lagarde's communication will become relevant.

Oil Prices Spike as Iran Declares Strait of Hormuz Closed

Oil prices surged again in early Asian trade on Thursday after Iran declared the Strait of Hormuz closed following a fresh round of U.S. strikes on the country. At the time of writing, Brent crude had climbed 2.26% to trade at $95.20 per barrel, while West Texas Intermediate had risen 2.5% to $92.30 per barrel. Both benchmarks have seen extreme volatility this week as outbreaks of attacks are quickly followed by claims of an imminent deal being signed. The latest escalation started with the down

As Japanese and Korean giants move upmarket, China’s MLCC firms see their chance

As demand for AI servers soars, leading Japanese and South Korean multilayer ceramic capacitor (MLCC) makers are shifting further upmarket, opening the door for Chinese competitors to gain share in lower-end segments despite lagging their rivals in advanced technology. MLCCs – often referred to as the “rice of the electronics industry” because of their ubiquity – are tiny electronic components that regulate and stabilise electrical currents in devices ranging from smartphones and electric...