Finance news

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.

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

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.

Nikkei, Yen, Hang Seng: Chip values ​​boost Asia's stock markets - Nikkei is weakening

Hopes for strong US quarterly figures, falling oil prices and the ongoing AI boom created a buying mood - technology stocks in South Korea in particular rose sharply.

Nvidia's next-gen AI rack system delayed to 2028 on manufacturing snags, SemiAnalysis says

The reported delay adds to concerns that Nvidia's breakneck annual release cadence is colliding with manufacturing limits.

Worried about losing control: Do you have to go to the hospital? 4 strategies to combat fears

A tumor needs to be taken out of the body or an artificial hip joint needs to be put in: Nobody looks forward to a stay in the hospital. Two experts reveal what helps against the carousel of worries.

Japan AI chip startup taps Malaysia's Oppstar to gear up for production

Turkey takes center stage as NATO summit host

India's sugar industry likely to exit exports and exist for ethanol

Right-wing populism: Companies warn of threats to democracy in Germany

A new study shows how difficult the economy is having a time with the AfD. Many entrepreneurs are concerned about the party's strength. Some people ask: “How long will a boundary last?”

Top meetings in times of crisis: NATO summit with Trump: What is at stake in Ankara

What future does NATO have? A clear answer is expected to be given in the Turkish capital Ankara this week. The question, however, is whether the most powerful man in the world will play along.

Beyond the obvious: Could AI lead to the Piketty scenario?

The capital share of national income has fluctuated between 20 and 40 percent for 200 years. AI could change that, as Nobel Prize winner Acemoglu fears. A guest post.

War in the Middle East: Who won the Iran war?

The USA, Israel and Iran claim to have achieved their most important goals in the war. A look at military, political and economic consequences paints a more contradictory picture.

Lockheed Martin leading race for $3.5 billion purchase of naval defense firm Ultra Maritime

Ultra is owned by private equity firm Advent International, and specialises in anti-submarine technology.

24-year-old killed by lightning on clear day in Singapore

A 24-year-old man has died after he was reportedly struck by lightning in Singapore. The man was among a group of eight people, aged between 13 and 54, who were taken to hospital on Sunday afternoon, the police said on Monday. The police said they had received a call for help on Sunday at about 4.50pm from 131 Pasir Ris Road, just off Pasir Ris Beach. The incident reportedly involved a lightning strike. Two people were taken to KK Women’s and Children’s Hospital, while the other six were taken..

+++ Football World Cup 2026 +++: England triumphs in epic duel with Mexico – Henderson injured while celebrating

Belgium “astonished” by the lifting of the ban against US striker Balogun – Association checks options+++ Double pack Haaland: Norway shoots Brazil out – Neymar resigns+++ The news blog.

+++ Soccer World Cup 2026 +++: Top US striker is allowed to play – Trump apparently called Infantino because of the ban

After the World Cup exit: Brazil's Neymar resigns from the national team +++ Norway in the quarter-finals: Haaland throws Brazil out +++ Belgium “astonished” by Balogun's lifted ban +++ The news blog.

Australia, Fiji sign mutual defence pact to boost Pacific security

Australia signed a new defence alliance with Fiji on Monday, bolstering ties with its South Pacific island neighbour as it seeks to outmanoeuvre China in the region. The Ocean of Peace alliance elevates Fiji to one of Australia’s few treaty allies and binds each nation to come to the other’s “mutual defence”. China sent waves through the region in 2022 when it signed a secretive security pact with the Solomon Islands, stoking fears it could one day lead to a permanent military...

Labor market study: Transport industry is looking for tens of thousands of new bus and train drivers

Tens of thousands of bus and train drivers will retire in the coming years. Filling the gaps is a huge effort for the transport industry. She also hopes for autonomous buses.

Finance: Cabinet wants to get the budget underway - that's what it's all about

More money, especially for defense, higher debt and tax increases. This shapes the federal government’s draft for the 2027 budget.

55 Hong Kong students from 13 schools score perfect IB marks

At least 55 students from 13 Hong Kong schools have achieved top marks in the International Baccalaureate (IB) programme, with one private independent institution reporting nine perfect scorers, its best result on record. With results released on Monday, Victoria Shanghai Academy said nine students attained the maximum 45 points, while another eight scored 44. The school’s average score was 39. Private independent Po Leung Kuk Choi Kai Yau School recorded six top scorers, alongside eight...

Killed head of state: Funeral procession with Khamenei's body passes through Tehran

Around four months after his killing, Iran's head of state Ayatollah Ali Khamenei is to be buried with a major event. Is his son and successor appearing in public for the first time?

+++ Ukraine War +++: Rocket attack on Kiev – residents are stuck in the building

Russia flies new air strikes on Ukraine +++ Trump meets Zelenskyj on Wednesday on the sidelines of the NATO summit +++ Putin and Zelenskyj congratulate the USA on its anniversary +++ The news blog.

Credit card fraud: Public prosecutor indicts ex-Unzer boss and Wirecard manager

“Operation Chargeback” is one of the largest criminal proceedings in Germany: a network is said to have defrauded millions of credit card holders. Lawyers for several of the accused reject the allegations.

How a Japanese prefecture is managing rising bear population with microchips

A prefecture in western Japan is drawing attention for a unique bear management programme that uses microchips implanted in captured animals to estimate population levels and guide culling decisions, as rising sightings across the country fuel calls for more effective countermeasures. Hyogo prefecture says it is the first in Japan to use information gathered from microchipped bears to determine an appropriate population size and maintain a balance between conservation and population control. The