Finance news

Sara Duterte’s ally Marcoleta arrested hours before her impeachment trial in Philippines

A ⁠Philippine senator who is ⁠an ally of Vice-President Sara ⁠Duterte-Carpio was arrested on Monday on a plunder charge, hours before the Senate begins a high-stakes impeachment trial that could determine Duterte’s political future. Senator Rodante Marcoleta was due to sit as a senator-judge on Monday at the impeachment trial ‌against Duterte-Carpio. If convicted by a two-thirds majority in the 24-member Senate, Duterte-Carpio could be barred from running in the 2028 elections, where she remains

Social◇ unclassifiedeurope

Is anyone else concerned that only €20,000 is insured? T212

I'm a bit worried that only €20,000 is covered by insurance. If something goes wrong, that doesn't seem like much protection, especially for people with larger balances. Am I overreacting, or does anyone else see this as a significant risk? Why did you pick T212 over IBKR? submitted by /u/RluckyC [link] [comments]

9d07/06⚠ war-conflict · 3/5

South Korea Charges Refiners With Gas Price Gouging

South Korean prosecutors have charged all four refiners in the country with collusion on fuel prices that resulted in $17 billion in harm, Reuters has reported, citing the Korean authorities. According to a media briefing by the lead prosecutor in the case, two refiners had coordinated on the size and timing of fuel price increases after the war between the United States and Israel, and Iran broke out at the end of February. In addition to the companies, the prosecutors also charged four employe

◇ unclassifiedmiddle-east · russia · usa

Auto industry: Conti shareholders receive the majority of the income from the sale of Contitech

Continental has been planning to sell its plastics technology division for a long time. Now a buyer has been found - the income should be passed on.

Hong Kong police arrest 13 in drink and drug driving crackdown during World Cup

Hong Kong police have arrested 13 people in a three-day operation targeting drink- and drug-driving during the World Cup. The force said on Monday that its Traffic Kowloon East enforcement and control division conducted the operation, code-named “Quickchaser”, from July 3 to 5 on major thoroughfares in the area, netting 10 men, a 17-year-old boy and two women. The suspects, aged 17 to 62, were arrested on suspicion of trafficking in dangerous drugs, possession of dangerous drugs, driving under..

Social◇ unclassifiedgermany · europe · uk

#004 | Updates at Trade-Republic & a dream of recovery and employment

Good Monday morning to the busy work force! As usual, there is a new episode of chatter content fresh from the language lab. In a somewhat smaller episode, we looked at, among other things, the massive updates and future ambitions at Trade Republic, the government's reform package and the suggestions for changing the IFG. Remember - the AMA with pension commission member Prof. Dr. Martin Werding is still in the question phase. We're recording on Friday -

Internal market: Brussels delivers, Berlin slows down

The EU Commission is finally pushing ahead with the internal market and reducing bureaucracy - and then states and parliament are slowing down. Ursula von der Leyen has to put pressure on now.

◇ unclassifiedusa · india

Meta’s woes deepen in India as child abuse ads on Instagram draw government ire

U.S. social media giant Meta is facing an onslaught of regulatory scrutiny in India, which has the largest user base for Facebook, Instagram and WhatsApp.

9d07/06⚠ war-conflict · 3/5

The situation at a glance: Massive Russian attacks on Ukraine before the NATO summit

Shortly before the NATO meeting, the Ukrainian president warned of serious attacks on his country. During the night, his fears were confirmed: it wasn't just Kyiv that was coming under massive fire.

◇ unclassifiedgermany · europe · uk

Reform: adjustments to the health savings package

Ever-increasing billions in health care costs should be brought under control. Things are now getting serious for an austerity law. The planned cuts are not popular - with exceptions.

Nuclear-powered Chinese submarine fires test missile in the Pacific

A nuclear-powered People’s Liberation Army submarine fired a test missile on the high seas in the Pacific on Monday, according to Chinese state media. The dummy warhead was fired at 12.01pm, state news agency Xinhua said. It added that it was a routine test and was not aimed at any specific country or target. The report said that relevant countries had been notified ahead of time. The test was China’s first known submarine-based missile test since 1982, and the first known to have been fired...

AfD and democracy: What German companies really think

The vast majority of German companies are committed to democracy. In East Germany, however, there is less enthusiasm - and people are thinking about how to position themselves in the event of an AfD government.

◇ unclassifiedusa · china · iran

9d07/06⚠ sanctions · 3/5

Why Iran may find it difficult to clear its oil inventories even after sanctions relief

Iran may face challenges in clearing oil inventories even after restrictions have been lifted, amid oil supplies elsewhere while China becomes less enthusiastic

◇ unclassifiedgermany · europe · uk

Whey protein “Whey”: The new gold of the dairy industry

For decades, whey was considered a waste product from cheese making that was fed to pigs. Since the trend towards protein-rich diets, “whey” has become a sought-after raw material. This drives up prices – but it is controversial.

Innovation: How Siemens turns its inventors into revenue generators

German corporations are investing record sums in research. Success remains elusive. Siemens shows how development work can be integrated into day-to-day business.

Reader question: What do banks do with worthless securities?

If stocks or bonds become worthless, investors can have them removed from their portfolios. But they don't disappear, they fall to the bank. And then?

Ebola outbreak containment hampered by USAID closure, experts say

Foreign aid cuts have "demonstrably worsened" the Ebola crisis, a virologist told CNBC.

◇ unclassifiedusa

◇ unclassifiedusa · europe

'NATO 3.0': Defense spending pledges face the Trump test

Leaders are expected to focus on whether Europe can turn higher defense spending into military power as Washington pushes allies to shoulder more of the burden.

Venezuela quakes survivor shares ordeal after 8 days buried alive

Hernan Gil was working his shift as a security guard in the basement of a building in Venezuela on the afternoon of June 24 when he felt the earth shake. The first tremor was short, Gil recounted in an interview from the hospital room where he was recovering after being rescued from the depths of a collapsed building. Gil became a symbol of hope for Venezuela after he survived eight days of being buried alive by the double earthquake that devastated the north of the Caribbean country, leaving...

Noted scientists leave US for China, America turns 250: 5 weekend reads you missed

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. Noted neurobiologist and ex-taekwondo captain Chih-Ying Su leaves US for China Celebrated neurobiologist Chih-Ying Su, who specialises in research on the sense of smell using fruit flies and mosquitoes, has left her position as faculty vice-chair at the University of California San Diego to join...

Outgunned Philippine Air Force takes on South China Sea defence

For decades, the Philippine Air Force hunted communist rebels and Islamist militants in the country’s forests and southern islands. Now, amid seemingly intractable tensions in the South China Sea, it is being reshaped into an armed service meant to defend one of Asia’s most contested maritime frontiers – even as analysts rank it the weakest air arm among Southeast Asia’s six largest militaries. “Because we are an archipelago, we really need to strengthen our air assets,” air force spokeswoman...

China’s Biren seeks US$900m to fund GPU push and challenge Nvidia amid AI boom

Chinese artificial intelligence chipmaking champion Shanghai Biren Technology is raising HK$7 billion (US$892.5 million) to boost production of its graphics processing units (GPUs), joining a fierce domestic battle to capture Nvidia’s market share in the country amid a global AI boom. The company, which went public in Hong Kong in January, announced that it would issue 153 million new shares at HK$46.2 each, representing a 9.9 per cent discount to the stock’s closing price of HK$51.3 last...

Morning Briefing Podcast: Economic situation: Germany in the growth trap / Porsche: The broom sweeps from above and below

The German economy is becoming less and less innovative. The country is in danger of losing touch in the medium term. The Black-Red reform package is unlikely to change much - although there are suggestions.

Federal budget: Lars Klingbeil's marathon

After long, complicated negotiations, the government wants to adopt the budget for 2027 on Monday. The first show of strength was successful. But the next few years will be harder.

9d07/06⚠ war-conflict · 3/5

Russia strikes Kyiv with deadly barrage on eve of Nato summit

Russia struck Ukraine’s Kyiv region with ballistic missiles on Monday, killing at least eight people and wounding dozens, authorities said, on the eve of a Nato summit in Turkey. The assault was the second on the capital and its surroundings in less than a week and came as both sides increased long-range attacks, underlining the growing reach of the war more than four years after Russia launched its full-scale invasion. US President Donald Trump and Ukraine’s Volodymyr Zelensky are expected to..

Malaysia’s Anwar to lean on ‘good friend’ Li Qiang to rescue durian farmers as prices fall

Malaysian Prime Minister Anwar Ibrahim has promised durian growers in Johor that he will raise their falling prices with his “good friend” Chinese Premier Li Qiang during a visit to Beijing next month, as a nationwide glut leaves farmers struggling to sell the famously pungent fruit at sustainable prices. Speaking during a political campaign stop in Johor, where a state election will be held on Saturday, Anwar said growers had complained to him during his two-day swing through the southern state

Social◇ unclassifiedsocial-signal

Looking to begin day trading in my spare time, looking for any advice to someone who's never done it

I was laid off from my job back in January and am the primary caregiver for my elderly father. I am fortunate to be in a safe longish-term financial position so as a result of having to care of my father, I am no longer working for the foreseeable future. However I would like to begin day trading with a personal account to see what kind of money I can make day to day / week to week / etc. Maybe this is an unrealistic goal but I'm just looking to make enough profit week to week to just support fo

‘I didn’t want to miss it’: Hongkongers see off PLA warships after 5-day port call

Two PLA warships departed Hong Kong on Monday morning, concluding a high-profile five-day port call with a ceremony at the naval base on Stonecutters Island. Dozens of residents and visitors lined waterfront areas for a final glimpse of the guided-missile destroyer Nanning and the guided-missile frigate Hengyang as they sailed through Victoria Harbour and the Tathong Channel in eastern waters. Speaking amid heavy rain at the send-off ceremony, Chief Secretary Eric Chan Kwok-ki expressed...

New postal delivery system: Why there are no letters in the mailbox on some days

Nothing in it again! Looking in the mailbox can be frustrating. The emptiness has something to do with declining letter volumes in the digital age – and a new postal delivery system.