Finance news

Frugal, childless Chinese couple who split US$2.5 meals leave US$735,000 to sick children

A late childless couple in China donated five million yuan (US$735,000) to help 455 children with congenital heart disease, despite living an extremely frugal life themselves. The couple’s story was revealed at a charity exhibition late last month in Shanghai, according to the news website The Paper. Du Yingrong passed away in 2018 at the age of 81, while his wife, Lu Suying, died last year at the age of 92. Before their deaths, Du was a retired teacher, and Lu was a retired doctor from the same

Historic trial begins: Impeachment trial against Philippine Vice President

Allegations such as embezzlement and threats against the president: The impeachment proceedings against Sara Duterte are dividing the Philippines - and could have far-reaching consequences for 2028.

Interview: Foreign Minister Wadephul brings Iran payments for demining into play and questions the annual NATO summit

How much influence does Germany still have in a world of crises? Shortly before the NATO summit, Germany's chief diplomat speaks about Trump, war, diplomacy - and a German dream.

Temporary positions: More than one in two people oppose planned job limitations

The coalition wants to expand fixed-term employment contracts. In a survey, more than half of those surveyed spoke out against the move.

China's sea patrols and lawfare tighten 'all fronts' squeeze on Taiwan

Young Japanese sacrifice today to invest for tomorrow

China's leading chatbots to ditch AI personas as Beijing tightens rules

Australia and Fiji sign defense pact to counter China influence

China's Q2 growth set to slow on weak domestic demand: Nikkei survey

Close call as tree branch hits Hong Kong double-decker bus, smashing window

Passengers on a Hong Kong bus have escaped unharmed after a tree branch struck the upper deck, shattering a side window. Police said they received a report at about 8am on Monday that a KMB route 277E bus hit an overhanging tree while travelling in the left lane of Ching Hiu Road in Sheung Shui, outside the Glorious Peak residential development. No injuries were reported. Images circulating online showed a large hole where a side window had shattered, with the adjacent pane cracked but still in.

World Cup 2026: Did Trump influence Infantino? Astonishment at FIFA's U-turn on ban for US goalscorer

Did the US President call the FIFA boss to secure a place for the suspended Balogun in the round of 16? There is suspicion. Not only opponents Belgium are horrified.

isn't it Unfair that Apple with so much less infrastructure is worth ≈4 trillion $ ,while Samsung with a massive infrastructure is just worth ≈ 1 trillion $

​ yes, many of you would argue that it's about the company's vision etc etc. But Samsung also has a wide and futuristic vision, and covers fields such as Consumer electronics, smartphones, tablets, laptops, desktop computers, televisions, monitors, home appliances, semiconductors, memory chips, processors (SoCs), foundry services, display panels (OLED/QLED/LCD), batteries, energy storage systems, telecommunications equipment, 5G/6G infrastructure, artificial intelligence, robotics, software deve

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

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]

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

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..

#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.

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.

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.

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.

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

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.

'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.