Finance news

◇ unclassifiedchina · asia · india

Bangladesh, India pledge closer border cooperation amid migration row

Bangladesh and India have agreed to deepen cooperation along their shared border with improved intelligence sharing and coordinated patrols, according to a joint statement released on Friday, amid strained relations over alleged undocumented migration. Dhaka has accused Indian authorities of attempting to ‌force migrants across the border without due process, complicating efforts to stabilise ties following the 2024 ousting of Sheikh Hasina and India’s broader effort to identify and deport...

Business ticker: Some companies prefer to hire AI workers instead of graduates

Artificial intelligence beats university exams +++ Largest US IPO of all time on Friday +++ Trump: I love inflation +++ Hybrid supermarket takes over 36 Tegut branches +++ News in the company live blog.

Technology: Chip manufacturer Infineon is getting ready for the AI boom

The DAX group is preparing for long-term strong business and is doubling its capacity in Dresden. Investors are betting that the expansion will drive up margins.

Chip industry: How an entire region benefits from the new Infineon chip factory in Dresden

Infineon is about to start its new factory in the Elbe metropolis. Local companies have great hope for the 5 billion euro investment.

Artificial intelligence: What Germany needs to do to combat the decline in AI

Politics and economics are not keeping up with the pace of the AI revolution. Of all companies, medium-sized companies still have a lead - but could squander it. What helps? A guest post.

◇ unclassifiedchina · asia

EVs capture two-thirds of China’s car market in record-breaking week

Electric vehicles accounted for a record 66.7 per cent of new car sales in mainland China during the first week of June, the latest sign that the country’s battery-powered carmakers are benefiting from the global energy crisis. Two out of every three new cars sold on the mainland in the seven days ending June 7 were either pure electric or plug-in hybrid vehicles, according to data from the China Passenger Car Association (CPCA). The penetration rate climbed from 62.9 per cent in May as a wave..

◇ unclassifiedchina · asia · korea

How Nvidia’s South Korean AI deals could fuel ‘the next industrial revolution’

A spate of agreements Nvidia has reached with South Korean companies presents a long-term road map for the country to expand its role in the semiconductor and physical AI industries, observers say. The most significant deal Nvidia CEO Jensen Huang made during his whirlwind three-day trip to Seoul that ended on Sunday was with SK Telecom to build AI infrastructure, including factories. An AI factory is a data centre running an end-to-end operational system that continuously collects and processes

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US lawmakers warn next revolution in AI race must be in America, not China

The United States must ensure the next chapter of responsible innovation is written in America, not in China, lawmakers and witnesses told a congressional hearing on Thursday as they sounded the alarm over US-China competition for global supremacy in artificial intelligence (AI). “Cyber security and national security must be taken seriously. The United States cannot afford to let China or any other adversary gain a technological edge in artificial intelligence,” said Tim Scott, chairman of the..

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Canadian policeman killed during investigation tied to US consulate shooting

A Toronto police officer was shot and killed Thursday by a suspect in the investigation into a shooting attack that damaged the facade of the US consulate in the Canadian city in March, police said. One 19-year-old suspect was in custody at a hospital in critical condition while officers searched for a second suspect, who was identified as 19-year-old Zara Jabbi and was considered armed and dangerous, Toronto Police Chief Myron Demkiw said at a news conference. “I urge you to turn yourself in,”.

Taipei envoy sees US$14 billion arms package moving ahead under Trump

Taiwan’s representative to the United States expressed confidence that Washington would approve a new round of arms sales to Taiwan, though US President Donald Trump has yet to make a decision on the matter. Asked on Thursday about a pending US$14 billion US arms sale to Taiwan, Alexander Tah-ray Yui, Taipei’s de facto diplomatic envoy, told CNN: “It’s up to President Trump to decide. Once the review is done, we expect that the sale, that the announcement will be made because we need those arms.

Biotech firm WuXi sues US over allegations it supports China’s military

A Chinese biotechnology company sued the US government on Thursday over being placed on a list of businesses from China that the ‌US Department of Defence has linked to that country’s military. WuXi AppTec filed its complaint in the Washington federal court, calling its inclusion on the list arbitrary, capricious, unsupported by the facts and “the product of political pressure”. It also accused the US government of inflicting substantial reputational and operational harm by branding it a...

◇ unclassifiedmiddle-east · russia · usa

Big Tech's Private Power Plants Will Drive Up Your Energy Bill, Experts Warn

As urged by President Donald Trump, tech companies are starting to build power plants alongside their new data center campuses to provide their own energy. The Trump administration has promised that this approach will help to shield ratepayers from skyrocketing power prices as data centers move into the neighborhood, but experts contend that it will do the opposite. As data centers continue to rapidly increase in number and size thanks to the artificial intelligence boom, the amount of energy ne

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Change of minister: Dan Jarvis is the new British defense minister

Shortly after incumbent John Healey resigned in a dispute over his budget, Prime Minister Starmer found a successor for the defense portfolio. The new guy has military experience himself.

Trump picks former SEC Chairman Jay Clayton as national intelligence director

Trump's announcement came after House Democrats' objections to his pick of Bill Pulte as acting chief ensured that a key national security tool expires Friday.

◇ unclassifiedusa

Managers: These people are driving Germany’s corporations forward digitally

Artificial intelligence and common sense: These seven young leaders from the area of “digital transformation” have mastered the balancing act.

Trump taps Wall Street top cop Jay Clayton as spy chief after Pulte backlash

US President Donald Trump said he is nominating Jay Clayton to be the next director of national intelligence, following controversy over his selection of housing regulator Bill Pulte to serve in the role on an acting basis. Clayton has been serving as the top federal prosecutor in Manhattan and was chairman of the Securities and Exchange Commission during Trump’s first term. “I encourage the United States Senate to confirm Jay as soon as possible,” Trump said on social media. Trump stunned...

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+++ USA +++: Trump nominates Jay Clayton as the new intelligence coordinator

CNN: Alarm in the Pentagon was wrong +++ Trump: “I love inflation” +++ Hegseth: Guantanamo prisoners should have been executed long ago +++ The news blog.

◇ unclassifiedgermany · europe · usa

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UK defense secretary resigns over military spending, in fresh blow to Keir Starmer

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

Social◇ unclassifiedusa · uk

31d06/11⚠ sanctions · 2/5

Nvidia denies Latin America role in chip smuggling as US-China AI rivalry reaches Brazil

Nvidia’s top executive for Latin America denied on Wednesday that the region has served as a corridor for restricted chips into China, weeks after Anthropic, the American maker of the Claude AI models, alleged that Chinese labs had relied partly on smuggled processors to drive recent advances. Speaking at Web Summit Rio at a moment of intensifying rivalry between Washington and Beijing over artificial intelligence, Marcio Aguiar acknowledged that the pressure on export controls is real enough to

Social◇ unclassifiedgermany · europe

Despite GEZ payment, no full opening ceremony at ZDF

That's an indictment of the public legal system. Instead we see armchair talk. submitted by /u/One_Hope_9573 [link] [comments]

Intel’s stock could push even higher thanks to this subtle dynamic, BofA says

Despite major stock gains this year, Intel is significantly “underowned” in funds, BofA notes — and as ownership expands, the stock could zoom higher.

◇ unclassifiedusa

Ahead of SpaceX IPO, Elon Musk addresses ASML employees as part of push into chip manufacturing

Elon Musk called ASML a great company in a fireside chat with CEO Christophe Fouquet, as the SpaceX CEO gears up to go big in chip manufacturing.

◇ unclassifiedusa

◇ unclassifiedchina · asia · australia

El Nino is back – and it could be ‘one for the history books’

The phenomenon El Nino has arrived, the US weather agency said on Thursday, and scientists expect the pattern synonymous with droughts, floods and soaring temperatures will intensify into the end of the year, potentially to historic strength. El Nino is a natural climate occurrence that warms surface temperatures in the central and eastern equatorial Pacific Ocean, bringing worldwide changes in winds and rainfall patterns and erratic weather. Scientists fear it will exacerbate the heat of a...

◇ unclassifiedgermany · europe · uk

German Lawyers’ Day 2026: “We have to help shape the future”

In Freiburg, lawyers debate training reforms, artificial intelligence and their own resilience. The German Lawyers' Day 2026 is marked by social and technological change.

Great Britain: Minister's resignation plunges British Prime Minister Starmer deeper into crisis

Support for Keir Starmer is dwindling. With Defense Minister John Healey he has lost another important cabinet member.

◇ unclassifiedusa · europe

UAE’s EDGE Group launches European arm out of Paris

EDGE Europe will have two sites: a head office in Chaillot in central Paris focusing on government interactions and investments, and a manufacturing site in Bordeaux for design, integration and development of platforms, per the company’s statement.

31d06/11⚠ war-conflict · 2/5

Health care reform: Eight federal states reject Warken's health insurance reform

The federal states are warning of billions in costs, especially for university hospitals. The pharmaceutical industry, on the other hand, can hope.

◇ unclassifiedusa · europe · russia

UK defense secretary resigns over government spending plan

In his resignation letter to Starmer, Healey said he had now seen the defense funding plan, and it “falls well short of what is required."

Advance payment of premiums: Can employees also pay for their health insurance in advance?

A reader heard about a popular tax saving model. But he has doubts as to whether employees can also use it.