Finance news

India can no longer take Nepal for granted

Taiwan's biopharma sector steps into spotlight with rush of IPOs

Southeast Asian tourism pivots on Iran war as travelers stay local

Savings measures: Draft: In the future, only twelve months of parental benefit

After the birth of a child, parents can receive money from the state during a career break. But Family Minister Prien suggests changes.

Armament: German arms company receives mega submarine contract

The contract to build up to twelve submarines for Canada goes to the German manufacturer TKMS. The share price rose significantly when the news became known.

Shell And ExxonMobil Are Betting Billions On Nigeria's Deepwater Comeback

Nigeria is trying to rebuild its energy industry from the ground up, not only trying to recover lost crude production, but working to turn itself into Africa’s dominant refining, gas, capital markets and energy export hub. The clearest test is the Dangote Refinery. The 650,000-barrel-per-day plant has already changed Nigeria’s fuel market and is now preparing for what could become the largest IPO in African history. Dangote Refinery is seeking to raise around $4 billion at a valuation of roughly

China's Alibaba bans Anthropic AI for employees after 'distillation attack' accusation

Chinese e-commerce giant Alibaba has put Anthropic's Claude Code on a high-risk software list.

Submarines from Kiel: TKMS wins billion-dollar contract from Canada

Canada has made a decision: the order for twelve submarines goes to the Kiel shipbuilder TKMS. The record volume has the stock market rejoicing in advance.

What to expect from the US at the 2026 NATO summit

Here are a few things we’re monitoring during this week’s alliance summit in Turkey.

Thales acquires Exail Technologies stake as it expands undersea warfare footprint

Italian shipbuilding company Fincantieri also announced today an agreement to acquire four underwater technology firms.

Trump says he is building a White House helipad for more powerful Marine One helicopter

US President Donald Trump said on Monday that he is building a granite helipad on the White House lawn, insisting that the landing area is needed to accommodate new, more powerful presidential choppers. Confirmation of the project came as construction crews had already begun working on the helipad on the South Lawn, where the president had UFC build a temporary arena for a cage fight celebrating his 80th birthday. He said the project would be privately funded and estimated its cost at up to US$6

Platner Senate campaign taking 'time to reflect' on path forward after sexual assault allegation

Platner and his campaign denied the accusations made by 41-year-old Maine resident Jenny Racicot in a POLITICO article published Monday.

Micron’s stock gains, signaling a ‘return to optimism’ about the chip sector

Investors are looking forward to Samsung’s earnings and SK Hynix’s ADR listing, experts say.

Toyota to invest $3.6 billion to move Tacoma pickup truck production from Mexico to Texas

Toyota said it is investing $3.6 billion to move production of the Tacoma midsize pickup truck from Mexico to its San Antonio manufacturing campus in Texas.

Saudi Arabia Ships 34 Million Barrels Through Hormuz Despite Thin Tanker Traffic

Saudi Arabia has shipped roughly 34 million barrels of crude through the Strait of Hormuz since the June 17 ceasefire, according to Kpler cargo-tracking data, even though only about 27 commercial vessels per day have been transiting the waterway with active AIS signals, according to IMF PortWatch. Commercial traffic remains at roughly one-third of its pre-war level of about 84 daily vessel transits, even as crude exports continue to recover. On July 4, only 25 vessels crossed the strait with act

Canada selects Germany’s ThyssenKrupp to build new submarine fleet

The planned purchase will be groundbreaking for Canada’s naval capabilities, as the country has not acquired newly built submarines in over 60 years.

Naval shipbuilding: Before NATO summit: Canada orders submarines from Germany

Germany's bid for a transatlantic submarine partnership has been successful. What makes the high-tech Class 212CD submarines so special and why TKMS is now creating new jobs in Wismar.

If China keeps growing, what are the better ways to get exposure without buying Chinese stocks directly?

Hi everyone, After my last post about whether the Chinese stock market is actually investable, most people basically said to avoid it. I get the concerns. I understand why a lot of people don’t want direct exposure to Chinese equities. At the same time, I still think the China story is far from over, especially in areas like AI chips, robotics, EVs, batteries, and other industrial sectors. So for this post, I’d rather forget about direct Chinese stock investing and talk about other ways to benef

Dell’s stock gets another Trump bump — but this time it’s fading

The president recommended that people buy Dell computers while speaking about the launch of “Trump accounts” on Monday.

Saudi Price Cut Sends Oil Lower

Oil fell to five-month lows after Saudi Arabia sharply cut its flagship crude prices.

Wall Street: Trump rings the stock market bell – Dow Jones closes again with a record

The US President opened stock market trading on Monday from the Oval Office. The leading index Dow Jones then closed above the 53,000 point mark for the first time in its history.

What is everyones opinion on Trump kids accounts? Choosing BNY and Robinhood to manage the initial apps seems suspect to me at best

Seems odd to choose these two companies instead of trusted brokerages but I honestly dont know how this stuff works. I know BNY Mellon from only one thing and that's Epstein trafficking money transactions. As for Robinhood unfortunately I use it and may have to stop but to me it seems like they've turned a lot of young people on to investing only to try and bait them into options/predictions markets (gambling and overwhelmingly losing). Plus the whole Gamestop/Beyond Meat scandal with pausing pe

Ondas makes $876M acquisition of DYZNE, latest in acquisition spree

After buying eight companies in the last two years, Ondas execs say they will focus on integrating their portfolio of drones “from surface to stratosphere” by developing a new AI command system in partnership with Palantir.

Does Fidelity process incoming wires much slower than Schwab?

I’ve noticed that whenever I send a domestic wire from Bank of America, it seems to reach my Schwab account much faster than my Fidelity account. The wire instructions are correct, and both accounts are in my name. Schwab often credits the funds pretty quickly, while Fidelity usually takes noticeably longer. Is this just how Fidelity processes incoming wires, or is there something I could be doing wrong? Has anyone else consistently experienced slower incoming wire times with Fidelity compared t

North America Drove Nearly Half Of Global Emissions Growth In 2025

The Energy Institute has released the 2026 Statistical Review of World Energy, published in partnership with Ember and in collaboration with KPMG and Kearney. The Statistical Review was previously published for more than 70 years by BP, and it remains one of the most useful annual references for understanding the global energy system. The full report and data can be found at this link. Over the next month, I will dig into the major categories in the report, including oil, natural gas, coal, rene

Russia Oil Price Falls to Pre-Iran War Level

Russia's flagship crude price has slid to levels seen before the conflict in the Middle East.

To future-proof your career in the age of AI, do 3 simple things: You'll 'remain valuable,' says expert

Dan Schawbel, who's spent over a decade researching how technology reshapes careers, says employees who do these 3 things in the age of AI will "come out ahead."

France: President Emmanuel Macron visits Syria

With visits to the USA and Germany, Ahmed al-Sharaa promoted Syria's rapprochement with the West. Now, for the first time in years, a Western head of state is coming to Damascus.

France’s Macron in Syria on first post-Assad visit by a Western leader

French President Emmanuel Macron arrived in Damascus on Monday for the first visit by a Western European head of state since Syria’s new authorities took power. President Ahmed al-Sharaa has been rebooting Syria’s international credentials and seeking to revive his struggling country after toppling long-time ruler Bashar al-Assad in December 2024. “I have come to reaffirm France’s commitment to the Syrian people. To a sovereign Syria, united in its diversity and at peace with its neighbours,”...

Giant data centers: The fight against AI at the Great Salt Lake

Resistance to a gigantic data center in Utah is becoming a symbol of a national protest movement. Even Trump supporters are against the project.