Finance news

Australia's 344-Million-Barrel Oilfield Could Finally Get the Green Light

After years of delays, Australia's largest undeveloped oil project could progress to a final investment decision in 2027 as the energy crisis amid the Iran war has heightened the need of homegrown resources. Carnarvon Energy Ltd, a junior explorer that holds 10% in the Dorado oil discovery offshore Western Australia, believes that a final investment decision to develop the project could be made in late 2027, Carnarvon's chief executive Philip Huizenga told Bloomberg in an interview on Friday. Au

Do China-Russia trade payment frictions show limits of de-dollarisation?

China and Russia have largely moved away from the US dollar in bilateral trade settlement, with most transactions now settled in their own currencies. Yet cross-border payment bottlenecks persist as Chinese banks carefully manage their exposure to Washington’s sanctions regime, according to a senior Russian banker. At the heart of the friction is a stark balancing act facing Chinese lenders: how to ease trade with Russia while safeguarding access to the US dollar-based global financial system –.

US adds 172,000 jobs in May, strongly beating expectations

US employment growth surged in May, beating market expectations, while the unemployment rate remained steady, government data showed on Friday, with the labour market in the world’s largest economy sustaining recent gains. “Total nonfarm payroll employment increased by 172,000 in May, and the unemployment rate was unchanged at 4.3 per cent,” the US Bureau of Labor Statistics said. Economists polled by Dow Jones Newswires and the Wall Street Journal had expected job growth of 80,000...

Clean Energy Fuels Starts Up New RNG Plant in Idaho

The project, which has a capacity to process more than 5 million gallons a day of manure, is 'one of the largest single-site dairies and RNG facilities in North America', Clean Energy said.

Interview: “We live in a time of shamelessness – and no one tries to hide it anymore”

Bestselling author Evan Osnos has followed billionaires around the world. In the interview he explains how the super-rich showcase their wealth - and how politics could limit extreme inequality.

US forces board sanctioned tanker in Indian Ocean, Pentagon says

U.S. forces have intercepted multiple commercial and oil tankers in the Indian Ocean in recent months.

UK Conservatives Blast Labour North Sea Ban as 'Utter Madness'

The current UK government's policy of not allowing new drilling in the UK North Sea is “utter madness” as billions of barrels of untapped oil could benefit the UK industry and reduce Britain’s reliance on imports, Kemi Badenoch, the leader of the opposition Conservative Party, has said. The ruling Labour government of Sir Keir Starmer has recently moved to permanently ban new oil and gas licenses in the UK section of the North Sea, drawing criticism from the UK offshore industry associations and

Trump's second term Taiwan arms sales top Biden-era total by nearly 40%

Huawei chips refine DeepSeek model in major leap for China’s AI self-reliance

A research team that includes Huawei Technologies says it has successfully used the firm’s Ascend 910C chips to complete post-training for the DeepSeek-V4-Pro model, marking a major step forward as China’s semiconductor industry tries to leap from supporting basic AI inference to more complex model training amid tightening US sanctions. While Chinese chipmakers have found success in supporting AI inference – the relatively simple process of running an already-finished model to answer user...

10 years of unit-linked pension insurance and still in the red, is it still worth it?

Hello everyone, I have had a fund-linked pension insurance (Signal Iduna Global Garant Invest, SIGGI Flexible Pension) with a 100 percent contribution guarantee since 2015. Now I've calculated the annual report and I'm a bit disillusioned. Key data: Term since 2015, i.e. around 10 years Paid in a total of around 19,000 euros Current contract balance around 17,500 euros Surrender value around 17,500 euros After 10 years I am slightly below the deposits, so in real terms I am clearly in the red

Strike Averted as About 8,000 Workers offshore Norway Win Pay Raise

New agreements including pay increases averted a strike that had threatened to cut Norwegian oil and gas production by over 45,000 barrels of oil equivalent a day.

EU Says No Jet Fuel Shortage Coming Despite Middle East Supply Loss

Shortages of jet fuel are not looming over Europe despite the shock loss of supply from the Middle East and soaring prices, according to EU Sustainable Transport and Tourism Commissioner, Apostolos Tzitzikostas. “There is currently no jet fuel shortage in Europe. We have no signs that we will have a shortage in the coming period,” Tzitzikostas told Reuters in an interview published on Friday. Since the war in Iran broke out on February 28, European airlines have been struggling with a spike in j

Why Is Oil Still Under $100?

That's the question Macquarie Group economists, including Ric Deverell, Chief Economist and Head of Macro Strategy at Macquarie Group, asked in a report sent to Rigzone recently.

Hong Kong tour guide stripped of licence over coercing visitors into shopping

A Hong Kong tour guide accused of threatening visitors into making shopping purchases has been struck off for damaging the sector’s reputation and breaching professional conduct, in the second disciplinary action of its kind in less than two months. The Travel Industry Authority said on Friday it revoked Siu Man-chung’s tour guide licence after investigating complaints that Siu made “inappropriate remarks” to pressure inbound mainland Chinese visitors into shopping during tours conducted between

Hong Kong taps banks, lawyers and crypto firms to help rewrite rules for tokenised bonds

Hong Kong’s de facto central bank has formed a group of industry experts to help remove legal and regulatory hurdles to tokenized bonds, as authorities seek to move beyond pilot projects and encourage wider adoption from private issuers. The Hong Kong Monetary Authority (HKMA) said on Friday it had established a Tokenised Bond Expert Group comprising 21 institutions spanning banks, law firms, market infrastructure providers and digital asset companies to support the development of the city’s...

Development of GKV + care contributions - what awaits us in 2027

We are heading towards the highest absolute adjustment since the introduction of the GKV. With current reforms and proposals, the maximum contributions for GKV + care will increase by around 14% in the new year. Incomes below the JAEG are less affected. Since the topic is currently being discussed daily and many people have probably lost track of it, I tried to combine all the current developments of the last few weeks into a table. The values ​​for 2027 are an estimate based on

270k cash incoming, what would you do?

Hi all, I just sold a home and got 270k usd cash. Im invested fullly on the narket since 13 years in 90%VT 10%btc (plan on reducing it to 5% when it rebunds). I'm 36yo, from europe and living in a no capital gains tax country (Switzerland). My total nw invested on brokerage is about 2m usd (+ another 250k in a pension account invested more conservatively by my employer). I beleive the stock market is the true only way to generate meaningful financial freedom with the least headaches and I want t

Chinese military team inspects Russian bases as Putin hails ‘natural allies’

A PLA inspection team visited several facilities in Russia’s Eastern Military District this week, including an air defence missile unit in the far-eastern Jewish Autonomous Region, Russian media reported. The visit, conducted under a decades-old confidence-building mechanism, came as President Vladimir Putin described China and Russia as “natural allies and partners”, while emphasising that their deepening military cooperation was not directed against any third party. The June 2-3 inspection...

Malaysia's Oil Production Fell 5.5% in Q1

Malaysia's crude and condensate production dropped by 5.5% from a year earlier to 43 million barrels in the first quarter of 2026, due to a slump in crude output, the Department of Statistics Malaysia (DOSM) said on Friday. Crude oil production dipped by 9.4% to 28.1 million barrels in the first quarter, down from 31.5 million barrels for the same period of 2025, the data showed. Condensate output increased by 3% to 14.9 million barrels, up from 14.4 million barrels in the first quarter of 2025.

With an app through the Apennines: Ancient paths around Rome digitally upgraded

Pilgrimage with high technology. 60 digital stations along ancient paths in Italy play information directly onto hikers' smartphones. One goal: focus on lesser-known places.

Asia Technonomics: The question that China is still repressing

China's population is aging rapidly. Robots help – but they do not (yet) replace care and many services. Ultimately, there is a debate that Beijing has so far avoided.

Meet the big winners of 2026 oil price volatility — and why their strategies are now shifting focus

Computer-based trend-following hedge funds have successfully capitalized on huge price moves in energy markets.

Scottish Parliament Votes for Transfer of Energy Powers

'We are formally requesting the devolution of powers that we need to maximize our remarkable energy potential', Scotland's Energy Minister Stephen Gethins said.

Matador Resources Inks Marketing Deals with Energy Transfer

'This transaction is an additional step taken by Matador's marketing team to improve all-in pricing netbacks and reduce exposure to Waha Hub pricing in the second half of 2026'.

Foreign currency bond IDB: Twelve percent from Sugarloaf

The Brazilian real is one of the most stable currencies in the world. Real bonds offer investors high real returns.

Norway Averts Offshore Strike as Workers and Industry Reach Deal

Norway has narrowly avoided a strike at offshore oil platforms after trade unions and oil companies reached an agreement on wages in the early hours on Friday. The potential strike over wages could have threatened smooth operations offshore Norway, Western Europe's top oil and gas producer, at a time when the world is scrambling for oil and gas supply amid the Middle East crisis. Almost 8% of oil and gas workers offshore Norway early this week threatened to go on a strike from June 5 if trade un

Bert Rürup: Less workbench, more state – what problems the silent economic transition brings with it

The weak growth that began in 2020 has reached the labor market. In addition, the aging spurt becomes noticeable. How can prosperity be secured?

Skirmishes in Lebanon as Hezbollah Rejects Mideast Truce

Even so, Hezbollah's attacks on northern Israel have eased, while Israel has held off striking Beirut after threatening to do so.

What if the 2008 collapse, SVB, and GLD's April drop all had the same structural signal weeks before price moved?

I've been tracking a structural coherence metric on financial assets - it measures the internal coherence of an asset rather than price direction. Outputs a number from 0-1 and a regime depends on that: stable, transition or breakdown. When score drops into transition/breakdown while price hasn't moved yet that's where the risk for the assets sits. Not a price prediction. Not a buy/sell signal. Think of it as a structural risk layer - the kind of metric risk manager use to ask "is the condition

Hong Kong watchdog to propose criminalising bid-rigging as early as September

Hong Kong’s competition watchdog aims to submit proposals to criminalise bid-rigging as early as September, paving the way for the government to table legislative amendments by the end of the year, following the city’s deadliest fire in decades. Senior Counsel Jat Sew-tong, who assumed the role of chairman of the Competition Commission last month, said on Friday that the watchdog would also launch a study into the city’s auto fuel market amid a surge in prices. The market has faced long-standing