Finance news

Anti-war protesters jeer Japan’s Takaichi over softening pacifist stance

Japanese Prime Minister Sanae Takaichi was heckled at a World War II memorial event by protesters angry about Tokyo’s further shift away from its decades-long pacifist stance, television footage showed. Close US ally Japan in April loosened rules on lethal arms exports and Takaichi, long seen as a security hawk who last year riled mainland China with comments about Taiwan, has said she wants to revise the constitution. A small but vocal number of demonstrators shouted slogans throughout...

◇ unclassifiedchina · asia · israel

Mamdani-backed candidates win Democratic congressional primaries in New York

Three candidates endorsed by Zohran Mamdani swept to victory in Democratic congressional primaries on Tuesday, showing that the coalition which powered the New York City mayor to a surprising victory last year is gaining strength. Some of the city’s most established political figures were toppled in races that highlighted divisions within the party over ideology, Israel and immigration. Former New York City comptroller Brad Lander defeated two-term Congressman Dan Goldman in New York’s 10th...

◇ unclassifiedchina · asia · russia

Banks are rushing to recruit AI leadership – but how will the tech be implemented?

Both regulators and clients could motivate banks to adopt artificial intelligence for greater efficiency gains in the coming years, an Amazon Web Services (AWS) executive has predicted, adding the trend could intensify the global race to embrace the cutting-edge technology. Over the past few months, multinational banks have approached AWS about how to grow their business in innovative ways, said Shaown Nandi, vice-president of technology at the US cloud computing giant, in an interview with the.

◇ unclassifiedgermany · europe · china

What China does better: The AI-defined automobile: Why Europe needs a clear position

Artificial intelligence has developed into a factor that is shifting economic and geopolitical balances. The driver is not just the pace of development, but the type of skills: for the first time, a technology is competing with human cognition. This also has consequences for the automotive industry.

18d06/24⚠ war-conflict · 2/5

As Europe bakes in early heatwave, fan and air-con sales skyrocket

Europe braced for more of an unprecedented heatwave that has smashed records in many countries and sent air-conditioner sales zooming in a continent unused and ill-equipped to handle searing heat. The extreme weather was being driven by atmospheric and circulation patterns that keep hot air trapped in place for days, causing the mercury to slowly rise, with these factors exacerbated by global warming, experts say. France’s national temperature indicator – an average of daytime and nighttime...

◇ unclassifiedchina · asia · europe

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US Senate joins House in voting to halt Iran war

It marks the first time both chambers approved directing a president to remove armed forces from hostilities since the War Powers Act was adopted in 1973.

Letter to politicians: Letter to Berlin - Contact with politics is that easy

High rents, poor connections by bus and train or worries about care: How artificial intelligence can help you write your own concerns to politicians.

America’s ‘biggest risk’ on AI is China getting ahead, Bessent says

US Treasury Secretary Scott Bessent on Tuesday said China surpassing the United States on artificial intelligence was the “biggest risk” of the technology – outweighing concerns over safety or job losses. “The biggest risk to AI is China getting ahead of us,” Bessent said at the Economic Club of New York, adding that China’s willingness to discuss AI underscored America’s technological lead. “I am one of the point people on our AI policy. I am the point person in terms of the economic...

◇ unclassifiedchina · asia · europe

ASML EUV in China? The rumour is ridiculed but it reveals a tougher reality on the ground

For anyone closely watching the semiconductor industry, the recent saga around ASML’s denial of possible EUV (extreme ultraviolet) lithography shipments to China, in an apparent response to US concern, may sound almost absurd at first. The machine at the centre of the discussion is not a laptop-sized piece of equipment that can be easily packed into a shipping carton. ASML’s EUV lithography systems weigh about 180 tonnes, contain a vast number of precision components, are shipped to customers in

Three New York Democrats backed by Mamdani win House seat primaries; 2 incumbents lose

Two candidates backed by the Democratic Socialist of America won their primaries, a year after the DSA-backed Zohran Mamdani won New York mayor's race.

Artificial intelligence: How emerging countries are also benefiting from the AI boom

A weak dollar, cheap valuations and their key role in artificial intelligence suggest that emerging economies are making a comeback. Three funds offer opportunities for investors.

As China plans for demographic crisis, some sectors see opportunity

As China moves towards becoming one of the world’s fastest-ageing economies – a trend causing worry over future productivity and a widening gulf between the country’s working and retired populations – Goldman Sachs said the pharmaceutical and biotechnology sectors could end up the biggest winners from the demographic divide, while carmakers and technology hardware manufacturers may see fiercer headwinds. Hong Kong and mainland China are both expected to enter the top 10 ranking for the world’s..

18d06/23⚠ war-conflict · 3/5

Kim says North Korea to arm navy with nuclear weapons, build bigger warships

North Korean leader Kim Jong-un said his country was “equipping the Navy with nuclear weapons,” state media reported Wednesday, as he also unveiled plans to build 10,000-ton (9,000-tonne) warships. The remarks came at the commissioning of the Choe Hyon – one of two 5,000-ton (4,500-tonne) class warships the nuclear-armed state launched last year – in the port city of Nampo on Tuesday, the official Korean Central News Agency reported. “The programme of equipping the Navy with nuclear weapons is..

◇ unclassifiedchina · asia · korea

18d06/23⚠ war-conflict · 1/5

Infleqtion might be a big winner

I will try to summarise what I think it s relevant and important right now and you can deep dive Collab with Nvidia Infleqtion has a collab with Nvidia working at NVQlink - https://www.youtube.com/watch?v=CYLn56Vc2XA check video and you can see Infleqtion and Quantinuum as well there USA GOV 100m$ LOI based on milestones + getting ownership in it 3. https://infleqtion.com/infleqtion-launches-americas-quantum-space-initiative-to-accelerate-the-future-of-quantum-enabled-space-infrastructure/ Yeste

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US Anthropic ban is best advert for Chinese AI

Bankers working for JPMorgan Chase and Goldman Sachs in Hong Kong must have been miffed when they were shut off from using artificial intelligence (AI) models from Anthropic, a pioneering American firm in the field. Goldman Sachs and JPMorgan Chase pulled the plug in April and last week respectively, based on a strict interpretation of Anthropic’s terms of use, which reflect Washington’s stringent restrictions on China’s access to frontier American AI models. The banks’ decisions are seen as a..

US stocks slide, as Wall Street gets AI wake-up call

Wall Street got a reality check as a bruising sell-off in several technology giants fuelled concern the artificial intelligence frenzy that has powered the equity bull market might be overblown. The tech rout engulfed global stocks as worries about frothy valuations ignited a fresh bout of volatility after a nearly three-month surge in riskier assets. The S&P fell 1.4 per cent. The benchmark index is coming off 11 weekly gains out of the last 12, led largely by technology stocks. The Dow Jones..

18d06/23⚠ war-conflict · 2/5

Alibaba sues Pentagon over China military blacklist

Chinese technology and e-commerce giant Alibaba Group Holding has sued the US Department of Defence, seeking to be removed from a blacklist of companies deemed to support China’s military. In a lawsuit filed on Tuesday in a district court in San Jose, California, the Hangzhou-based company said the Pentagon had added Alibaba to a list of companies that allegedly aid the People’s Liberation Army without providing substantial evidence or explanation. The Pentagon’s move violated constitutional due

◇ unclassifiedchina · asia

Mamdani-backed candidates are likely to win in NYC primaries, prediction market traders expect

Voters are heading to the polls in New York, with four competitive races in Democratic congressional primaries in focus.

◇ unclassifiedusa · europe

Army launches new low-cost interceptor program, targets fall for first live fire demo

Army Secretary Dan Driscoll said the new LCIs are “not intended” to replace any existing, exquisite air defense systems, but are intended to “supplement” such products.

18d06/23⚠ war-conflict · 1/5

Von der Leyen to meet Pashinyan in Yerevan after Armenia’s pro-EU vote

SS: Following Pashinyan's election win a few weeks ago, the promise of a rapprochement between the EU and the CSTO member-nation seems to be on track. The European Commission President is set to travel to Armenia next week to further develop strategic EU-Armenia relations. Von der Leyen’s visit will take place following a new announcement by the European Commission last Friday that it “disbursed €34 million to Armenia to help mitigate the impact of Russia's trade restrictions on the country's pr

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18d06/23⚠ war-conflict · 3/5

US Army tests fire control software that helps moving vehicles kill drones

The Army has successfully tested software designed to help vehicle-mounted weapons shoot down drones while both the target and the vehicle are moving.

◇ unclassifiedusa · europe

◇ unclassifiedgermany · europe · uk

After Starmer's resignation: who will be the new British finance minister?

There is hot speculation in London about who will take over the important office of Chancellor of the Exchequer. One candidate is already causing protests. There is also a struggle over EU relations.

◇ unclassifiedmiddle-east · russia · usa

Europe’s Top Gas Distributor to Invest $14.8 Billion in AI-Backed Networks

Italian gas distributor Italgas plans to invest nearly $15 billion by 2032 as it accelerates the use of AI in increasingly smarter and flexible networks, Europe’s largest natural gas distributor said on Tuesday. Total planned investments under the company’s Strategic Plan 2026-2032 unveiled today will be 13 billion euros, or $14.8 billion, through 2032. This would be a 14.6% increase compared to the previous strategic plan. A total of $9.5 billion (8.3 billion euros) is earmarked for the develop

Are falling tech stocks the start of an overdue selloff — or a well-deserved pause?

After weeks of large-scale alarms that turned out to be false starts, equities finally found a real problem — the one they spent two years celebrating.

18d06/23⚠ war-conflict · 2/5

Tourism: Waiting time of more than two hours: The new EU entry system is causing chaos

Airlines and passengers from other EU countries are struggling with the consequences of the EES border control system. Travelers miss their flights and luggage is left behind. The industry is sounding the alarm.

◇ unclassifiedgermany · europe · usa

Pharma: Stada is probably examining a billion-dollar purchase of a French pharmaceutical company

According to a media report, the German drug manufacturer Stada wants to take over Copper Consumer Health for around six billion euros. Stada had already announced its expansion course.

Stock market day: What the change in leadership in Great Britain means for the financial markets

British Prime Minister Keir Starmer resigns. Politically, things have been shaking for a long time. This is also evident in the financial markets there.

18d06/23⚠ war-conflict · 2/5

Will Andy Burnham shake up the UK’s China policy if he becomes prime minister?

British Prime Minister Keir Starmer’s likely replacement could continue the outgoing leader’s pragmatic approach towards China, though addressing economic challenges at home would remain the most immediate priority, observers say. Clearing the way for the selection of the UK’s seventh prime minister in a decade, Starmer announced on Monday his intention to step down, succumbing to mounting pressure within his Labour Party as his popularity dwindled. Shortly after Starmer’s resignation, Andy...

Progressive Brad Lander’s surging bid for Congress splinters Democrats' labor union alliance

Rep. Dan Goldman, D-N.Y., is fighting for his political life in a race with Brad Lander, who is backed by Mayor Zohran Mamdani and Sen. Bernie Sanders, I-Vt.