Finance news

Shell, Local Banks Offer $3B Credit Scheme to Nigerian Contractors

Shell and nine Nigerian banks launched a $3-billion Contract Finance Facility for local companies executing projects for the British energy giant in the West African country.

Thai PM warns may ‘shut down’ cannabis industry after global smuggling spike

A spate of seizures of Thai cannabis in the United Kingdom, Germany, Indonesia and Hong Kong has cast a shadow over the Southeast Asian nation’s decriminalisation of the plant. Thailand became the first Asian country to decriminalise cannabis in 2022, promising a lucrative new cash crop for a market intended strictly for medicinal use. But four years on, with lawmakers still wrangling over cannabis control legislation, high street dispensaries have proliferated for recreational sale, while...

Housing construction: GdW warns of a decline of a quarter in investments in new building projects

Many housing companies invest more in existing properties than in building new apartments. Two federal government projects could provide relief, but they are still pending.

Severe Storms Leave More Than 620,000 U.S. Customers Without Power

Severe storms have left more than 620,000 customers in the United States without power as of late on Sunday amid extreme weather in several states in recent days, with up to 2% of customers without electricity in some areas. More than 623,000 customers across Pennsylvania, Michigan, New York, New Jersey, Maryland, Connecticut, Virginia, and Texas were out of power as of Sunday night, according to PowerOutage.com, which tracks live power outages in the United States. Michigan and Pennsylvania had

EasyJet agrees to a takeover price. The market has its doubts on the deal.

EasyJet shares traded at a discount to the price the U.K. airline says it’s reached with an American investment firm on a buyout.

Autonomous AI in the executive chair: On the way to a company without employees

What happens when companies are run solely by artificial intelligence or robots? Argentina wants to encourage this and even limit liability. For business economists, completely new questions arise - but also old ones.

Cantopop star Sammi Cheng’s Kai Tak Stadium concerts postponed over stage glitch

Cantopop star Sammi Cheng Sau-man has expressed shock and disappointment after a stage glitch forced the delay of her highly anticipated concerts in Hong Kong at the eleventh hour. The three-day event, scheduled for Friday to Sunday at Kai Tak Stadium, is the final stop of Cheng’s Asia Tour. It will be watered down into 1½-hour free appreciation shows at the same venue, times and dates, with ticket holders given the choice to opt for a refund or retain their passes for future dates. The concerts

Purchase with annuity - only 75,000 euros down payment

I wanted to present this gem to you here: https://www.immobilienscout24.de/expose/168787286?referrer=HYBRID_VIEW_LISTING&searchId=749b99e9-c456-3a07-945b-f5b9302fa891&searchType=radius#/ Td;dr: "Buy" a house for 75k initially, then 3.1k monthly with a 3% growing rate over a maximum of 16 years. You can't use the house because the former owners continue to live there. Benefit: You take care of the house as if it were your own. What do you experts think about this? submitted by /u/NuGGet4

Electricity supply: North and East disadvantaged: Rich wants to change “South bonus” for gas power plants

The bonus previously stipulated that two thirds of the new power plants should be built in the south. The bonus should still apply - but only under one condition.

Interview: Top headhunter Heiner Thorborg: “80 percent of the upper floors consist of narcissists”

He is one of the best-known German personnel consultants and holds top positions in DAX companies. Now he talks about how false bosses endanger companies - and which rules of power count.

+++ Federal politics +++: CDU employee wing rails against making sick leave more difficult – “There is a huge amount of resentment”

Union parliamentary group vice-president warns: Use funding in a more targeted manner +++ Klingbeil relies on the parliamentary group's approval +++ Pistorius wants to commit “less than 1,000” soldiers to Lithuania +++ The news blog.

Bangladesh power cuts deepen as government struggles to pay bills

Chinese submarine launches missile into Pacific, spooking neighbors

How an Asian-majority city passed the US' first permanent data center ban

The UAE and Japan have an enduring partnership, built to last

Japan's Sapporo to invest $643m in Carlsberg Singapore venture

China's state-directed absorption of local bank highlights debt pressure

IM5 and IM6: MG wants to move into the business class

So far, the SAIC brand in Europe has primarily focused on affordable small and compact cars. That should change with two new models. The premium offensive is scheduled to start in the fall.

Working student job + additional mini-job despite private health insurance through parents, is that possible?

Hello, I currently have a working student job and would like to start a mini-job at the same time. I am a student, was exempt from statutory health insurance at the beginning of my studies and am currently privately insured through my parents with Debeka. I am aware that the 20-hour limit during the lecture period is important for working students and that the working hours from both jobs are probably added together. I once read that if the St

Labor market: CDU employee wing against making sick leave more difficult

The leaders of the coalition want to reduce absenteeism in companies - with higher hurdles for certificates of incapacity for work. There are also objections from the Chancellor’s party.

Back to the office: Now there are new problems with the home office

It is difficult for young people to start a career when hardly anyone comes to the office. Artificial intelligence is now making everything worse.

Bitter dispute drags on between Brad Pitt and Angelina Jolie over French winery

Actor Brad Pitt has notched another legal victory in his ongoing dispute with ex-wife Angelina Jolie over the French winery that they co-owned during their marriage.

Global investors pivot from access to scale in yuan operations, anchored by Hong Kong

Global institutional investors are pivoting away from basic market entry to scaling up their yuan operations, with offshore hubs such as Hong Kong emerging as the central infrastructure for that shift, a new survey showed. The survey, conducted by HSBC and polling more than 120 institutional investors collectively managing over US$32 trillion in assets across 12 Asia-Pacific markets, found that 63 per cent preferred offshore yuan markets for currency transactions, while 54 per cent relied on...

AI is shaking up the world of work: Which professions are still needed now

Thanks to artificial intelligence, many jobs will soon look completely different than before. Should you be afraid of it? Not with these seven pieces of advice.

Lawmaker slams ‘unsatisfactory’ past bid to scrap 16-year probe against doctor

Hong Kong’s medical watchdog’s guilty verdict against a paediatrician over a case that left a boy permanently disabled more than 16 years ago has shown that its earlier argument for ending the long-delayed probe on fairness grounds was unfounded, observers have said. Medical sector lawmaker David Lam Tzit-yuen on Monday said it was “clearly extremely unsatisfactory” that the case had taken 16 years to reach a disciplinary hearing, adding that he hoped proposed legal amendments to reform the...

China dam collapse: hundreds evacuated after typhoon rains breach Guangxi reservoir

Floodwater breached a reservoir in southern China and threatened others, as heavy rain pounded the region, leading to the evacuation of hundreds of people in the area. Chinese authorities urged caution and called for rescue and evacuation, with bad weather predicted to continue under the influence of Typhoon Maysak. On Monday, breaches and flooding were spotted at multiple reservoirs in the city of Hengzhou and Binyang county in Guangxi Zhuang autonomous region, according to a statement from...

Indonesia deports 92 Chinese nationals, issues lifetime entry bans in anti-scam crackdown

Indonesia has deported 92 Chinese suspected scammers and barred them from the country for life in one of the biggest mass exercises in recent years. The Chinese nationals had been arrested in May in connection with an alleged online gaming and investment fraud syndicate operating from a flat complex in the holiday island of Batam, the Jakarta Globe reported. Others arrested came from Vietnam and Myanmar. Galih Kartika Perdhana, head of the Soekarno-Hatta International Airport’s immigration...

Hank's World: The late triumph of air conditioning - who would have thought!

The heat can't go on like this. Now suddenly climate adaptation is becoming socially acceptable even among the Greens. There is a lot of repressive mendacity at play.

Football World Cup: After pressure from Trump? FIFA lifts ban on US striker

FIFA has surprisingly lifted US player Florian Balogun's red card ban. He can now play in the round of 16. The decision was apparently made after a telephone conversation between the US President and Fifa boss Gianni Infantino.

Ukraine War: Several dead after another air raid on Kyiv

The Russian army launched new air strikes on the Ukrainian capital on Monday. The head of the city's military administration said on Telegram that rockets and drones had hit apartment blocks and other buildings.