Finance news

Social◇ unclassifiedgermany · usa · europe

Moving abroad - tax-advantaged alternative to the Holy Grail

Hi everyone, by moving abroad I would have the opportunity to save for the Vanguard Total World Stock Index Fund ETF Shares, so far I've just been saving for the Holy Grail. A switch to the Total World Stock Index seems very attractive to me, especially because of the low TER (0.06) and because it is tax-optimized (no US withholding tax or tax can be reclaimed due to double taxation agreements between Switzerland and the USA). 1) Am I missing something here, so reason

◇ unclassifiedgermany · europe · usa

Wall Street: Strong bounce in the tech and AI sectors

Wall Street remains fragile. New escalations in the Middle East are driving up the price of oil. In return, a fiber optic company can look forward to a billion-dollar deal.

Novo and Lilly are competing to win the GLP-1 pill market as they prepare for Medicare coverage

Novo Nordisk and Eli Lilly bring their longtime rivalry to GLP-1 pills and prepare to make their pitch to seniors with Medicare.

◇ unclassifiedusa

Escalating Strike Action at Australian LNG Sites Could Hit Supply

Workers at Australian LNG export facilities of Japanese energy firm Inpex have voted to escalate the strike action at all three sites to work stoppages of up to 8 hours per day, up from 4 hours currently, from June 11, which could further tighten the global gas markets amid the crisis. Dissatisfied with how Inpex has handled months-long negotiations over pay and work conditions, the Offshore Alliance trade union said early on Monday that "We're ready to step up and take INPEX on, and are ramping

IPO: Komoot buyer Bending Spoons is aiming for the stock market

The Italian group buys digital business models and has been known in Germany since it took over the hiking app Komoot. A billion dollar valuation is on the horizon.

U.S. Gasoline Inventories Are Falling at a Record Pace

U.S. gasoline inventories aren’t at record lows, but they are falling fast. The distinction is important. The current level of inventories does not point to an immediate shortage. But the speed of the drawdown suggests the fuel market has been burning through its cushion at an unusual rate just as the summer driving season begins. For the week ending May 22, gasoline inventories stood at 211.6 million barrels, according to the Energy Information Administration. That level is below the five-year

36d06/08⚠ war-conflict · 1/5

Longer mortgage for more life flexibility? Need help.

I’m currently at a point where I’m buying a new-build house, and for that I’ll need to take out a loan of around 170,000€. I’m planning to take it over 20 years, which would be roughly a 1,000€ monthly payment. Split between two people, that doesn’t feel like such a huge burden. But now I’ve reached a point where I’ve started thinking a bit more seriously about life and future needs. We have 3 large dogs. Right now I drive a 2016 Golf 7 Variant. I’m aware that I’ll probably need a bigger car or

Social◇ unclassifiedeurope

◇ unclassifiedmiddle-east · usa · japan

Philippines Taps Japan to Help Build Oil Reserve

Japan agreed to help the Philippines establish a government-owned oil stockpile, while Manila is also pushing for a Southeast Asian reserve as ASEAN chair this year.

Eurozone Fuel Sales Fall 3.5% as Iran War Sends Prices Surging

Automotive fuel sales in the Eurozone slumped by the most in two and a half years in April as drivers reduced gasoline and diesel purchases as prices jumped in the wake of the Iran war. Sales of automotive fuel in specialized stores declined in the Eurozone by 3.5% in April from a year earlier, while the EU sales of motor fuel fell by 2% year over year, data from Eurostat, the EU statistics office, showed. The flop in Eurozone fuel sales was the steepest since October 2023, and was the first ann

◇ unclassifiedmiddle-east · usa · saudi-arabia

OPEC+ 7 Decide to Boost Production in July

Rystad said the production increases 'will have little to no real impact on the oil markets'.

◇ unclassifiedgermany · europe · usa

Europe's energy supply: billions for Russia - and still dependent on America

The EU's energy policy is paradoxical and delicate at the same time: Europe continues to buy oil and gas from Putin's regime and at the same time is in the stranglehold of the USA. How could this come about?

Telecommunications: State and business conclude a billion-dollar pact for network expansion

Faster Internet for millions: A new pact between politicians and the telecommunications industry focuses on speed, less bureaucracy and shared use of networks.

Armenia: Pro-European ruling party wins parliamentary election

Prime Minister Pashinyan's party clearly won the election in Armenia. The pro-Western party received 49.8 percent of the vote, the electoral commission announced on Monday. The pro-Russian opposition party got 23.2 percent.

Little experience, many prejudices: How do young bosses gain respect?

New managers face many reservations: too weak to make decisions, too impulsive. Here's how to deal with it.

Bank takeover: Intesa Sanpaolo reaches for Monte dei Paschi

Billionaire poker in the Italian banking sector: Intesa Sanpaolo wants to swallow Monte dei Paschi for 30.6 billion euros. It would be the largest bank merger in Italy's history.

◇ unclassifiedchina · asia

China’s EV giants challenge Tesla in race to commercialise humanoid robots

Chinese electric vehicle (EV) makers are opening a new front in their battle with Tesla: humanoid robots. After spending years competing on electric cars and autonomous driving technology, leading Chinese manufacturers including BYD and Xpeng are now accelerating plans to mass-produce humanoid robots, betting that advances in artificial intelligence will unlock a vast new market beyond transportation. The push is expected to strengthen China’s position as a global manufacturing powerhouse for...

36d06/08⚠ shipping-routes · 3/5

Brent Climbs to $94 as Houthis Target Israeli Vessels in Red Sea

The Middle East's largest remaining oil export corridor came under renewed pressure on Monday after Yemen's Houthis announced a complete ban on Israeli shipping in the Red Sea, risking a further widening of the shipping crisis beyond the Strait of Hormuz. The announcement comes as the Red Sea has assumed a far larger role in global oil trade following months of disruption around the Strait of Hormuz. Saudi Arabia has increasingly relied on its East-West Pipeline system and the Red Sea export ter

Social◇ unclassifiedgermany · europe · uk

Which sidehustle realistically brings in additional income?

Yes, actually everything is in the headline. I would be willing to trade free time for time to make more money. I have a full-time job and am happy with the salary there, but as an employee, big jumps in the future are rather unrealistic. That's why I would like to invest time in building something on the side or improving my income. It's not about unrealistic wishes, I would be happy if, for example, I could pay off part of the fixed costs (home loan

◇ unclassifiedmiddle-east · usa · korea

BGN Orders 2 More LPG VLGCs from HD Hyundai

BGN has now ordered 6 new LPG VLGCs from the South Korean shipbuilder, all to be delivered 2029.

◇ unclassifiedgermany · europe · china

Business ticker: 20 percent fewer car sales in China

Airlines warn of more expensive tickets due to CO2 taxes +++ Fewer orders for industry +++ DGB boss Fahimi criticizes black and red reform plans +++ News in the company live blog.

◇ unclassifiedchina · asia · uk

China’s C919 jet poised to tackle ageing domestic fleet: industry official

China’s massive civil aviation fleet is ageing faster than planes are being replaced, threatening to saddle airlines with higher costs, but orders for home-grown C919 jets could help stem the tide, according to the head of north Asia for the International Air Transport Association (IATA). Current aircraft replacements are failing to reach 2019 levels despite recent orders of Airbus and Boeing jets, IATA regional vice-president Xie Xingquan said at the industry group’s annual general meeting in..

◇ unclassifiedchina · asia

Hong Kong Observatory issues red rainstorm warning

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The Hong Kong Observatory issued a red rainstorm warning on Monday evening and forecast heavy rain for the next 24 hours. The forecaster first issued an amber warning – the lowest level in a three-tier system – at 7.20pm before upgrading it to red 30 minutes later. Earlier, at 5pm, it warned that rainfall could reach around 100mm (four inches) in 24 hours as.

Dax current: relaxation in sight in the Middle East – Dax is making up for daily losses

The feared escalation in the Middle East has so far not occurred. Investors are becoming more confident again, the DAX is climbing. Oil prices are also falling.

◇ unclassifiedgermany · europe · iran

Industrial orders: Incoming orders fall more than expected

In view of the Iran war, companies are holding back and ordering less. The main reason for this is price increases due to increased energy prices.

◇ unclassifiedusa · china · iran

China is helping to cushion global oil prices below $100 — but analysts warn it won’t last

China has reduced oil imports since the start of the Iran war, capping global crude prices.

36d06/08⚠ war-conflict · 2/5

Traffic jam forecast: Motorways are easing - construction sites are causing bottlenecks

Despite many construction sites, ACE and ADAC expect less travel on the motorways at the weekend. Where traffic jams can still occur.

China Delays 500,000 Bpd Of Refining Capacity As Hormuz Disruptions Deepen

The disruption of Middle Eastern crude supplies through the Strait of Hormuz has forced Chinese refiners to delay or indefinitely postpone 500,000 barrels per day of refining capacity, creating one of the first major downstream impacts of the Iran war outside the Gulf region, Reuters reported on Monday. The delays affect a 300,000-bpd refinery being developed by Huajin Aramco Petrochemical Co. in northeastern China and a planned 200,000-bpd restart at PetroChina’s Dalian refinery. Both projects

Criticism of the fuel discount: Fuel discount works - Ifo still sees problems

Little relief for commuters with low incomes, less incentive to save fuel: The Ifo Institute doesn't think much of the fuel discount - even if it fulfills the purpose hoped for by the federal government.

Longevity: “The active ingredients in weight loss injections could slow down aging”

Our genes influence life expectancy by 30 percent, says aging researcher Björn Schumacher. And what about the remaining 70 percent? The Cologne scientist explains this in an interview.