Finance news

Can China’s budget brands crack developed markets? Mixue shows it won’t be easy

Three months after moving from China to Japan, Alisa Lin has yet to buy a single drink from Mixue – the Chinese ice cream and tea giant – despite being a frequent customer back home, where a cup costs under five yuan (73 US cents) during promotions. “It’s not a very popular brand here. Only one of my friends in Japan has ever bought it,” Lin said, adding that value for money was the main consideration behind her own consumer choices in Tokyo. While Mixue’s basic teas are cheap, a plain bubble...

Naturalization: “We’re coming back” – Why New York Jews become Germans

More and more New York Jews are applying for German citizenship as descendants of those persecuted by the Nazis. Many see this as a return to their roots – and also security.

Commercial fish farm encroaches on government land, deemed ecological threat

Part of a network of more than 20 artificial fish ponds in Hong Kong’s Northern Metropolis development occupies government land without permission, with a green group warning that materials used at the site also threaten the area’s ecology. The ponds are near the Mai Po Nature Reserve and the Inner Deep Bay wetlands, which have been designated as internationally important under the Ramsar Convention as they are a vital habitat for migratory birds. Some of the ponds also fall within the proposed.

Philippine Senate to start high-stakes impeachment trial of VP Sara Duterte

Philippines’ record capital wage rise leaves workers hungry for more

In the Philippine capital, 85 pesos (US$1.40) is barely enough to buy a meal for one, let alone a family of five. Yet that modest sum, roughly the price of 1½kg of premium imported rice, is the largest single wage increase ever approved for Metro Manila’s minimum-wage earners. The government called it “historic”. Labour groups called it an insult. The increase, to be rolled out in two stages, was confirmed by the Department of Labour and Employment on Tuesday. Non-agricultural workers will see..

U.S. stock futures rise as Wall Street looks to extend its rally coming off the holiday weekend

U.S. stock-index futures gained on Sunday, with Wall Street looking to extend last week’s gains.

Some Lebanese Christian villages ‘asked to be annexed’ by Israel, Netanyahu says

Israeli Prime Minister Benjamin Netanyahu said on Sunday that some Christian villages in southern Lebanon had asked to be annexed by Israel so that they could be protected from Hezbollah militants. Lebanon was drawn into the wider war in the Middle East on March 2 when Hezbollah fired rockets at Israel in retaliation for the killing of Iran’s supreme leader in US-Israeli strikes. Israel responded with massive air strikes and a ground invasion of southern Lebanon, where its troops now occupy...

Hong Kong’s Northern Metropolis university town tender to launch in 2 months

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. The first tender for the university town in Hong Kong’s Northern Metropolis will be launched in two months, with successful bidders to be announced after the site formation of the plot is completed by the end of this year, the education minister has revealed. Secretary for...

Ukraine war: Russia flies new air strikes on Ukraine

Shortly before the NATO summit, the Ukrainian president warned of massive Russian attacks on his country. That night his fears are confirmed. Several cities are massively attacked.

Opportunity for its own ETF?

​ For six years I've been a part of the Semiconductors and data centers build out and it led me to start researching. Over the last year, I've spent a lot of time researching the semiconductor and data center market. One thing that has stood out to me is how much of the AI conversation revolves around chip designers and hyperscalers, while the picks and shovels enabling production and deployment often receive less attention. I'm referring to areas such as: Advanced packaging Testing and inspecti

Big Tech’s $3 Trillion Struggle to Secure Enough Electricity

For most of modern history, oil was the world’s most valuable resource. It powered industrial growth, decided wars, reshaped geopolitics, and created the largest corporations in history. Then oil lost its crown. Data replaced it as the world’s dominant asset. The companies that learned to collect, process, and monetize information - Apple, Google, Amazon, Microsoft - became the most valuable enterprises the world had ever seen. But that era is now over. Data has become abundant, and the world’s

What caused the pre-holiday chip stock slump and what to do about it

The problem is that we have seen this horror movie before.

The situation at a glance: Zelensky fears a massive Russian attack before the NATO summit

According to Kiev's findings, there is a threat of a massive Russian attack against Ukraine before the NATO summit. President Zelensky asks allies for ammunition. An important meeting is coming up.

Where is the best place to exchange dollars for euros (in Germany)?

I get hundreds of dollars in tips every month from my part-time job. Since I won't be traveling to the USA or other countries where you pay in dollars for the foreseeable future because of having children, I would like to regularly exchange the money into euros. Where can you get the best rates for changing cash in Germany? Just go to the local savings bank? Exchange office? Somewhere else? submitted by /u/fscge [link] [comments]

Wu Xinbo on why Trump’s ‘America first’ foreign policy may be driving China’s rise

Wu Xinbo is the dean of the Institute of International Studies at Fudan University in Shanghai and a leading Chinese researcher on the US. In this interview, he analyses how shifts in US foreign policy are changing the relationship between the two countries. This interview first appeared in SCMP Plus. For other interviews in the Open Questions series, click here. As the United States celebrates its 250th anniversary, how do you assess US foreign policy and the future direction of its relations..

Venezuela leader vows ‘no social unrest here’ as earthquakes death toll passes 3,000

Venezuela’s interim president said on Sunday the country would not descend into social unrest after the twin earthquakes which killed more than 3,000 people and left thousands more missing. One of Latin America’s worst earthquake disasters, the June 24 shocks collapsed scores of buildings, leaving thousands homeless, especially in the coastal La Guaira area north of the capital Caracas. “There will be no social unrest here, what we have here is deep social solidarity,” Delcy Rodriguez said...

Get in with everything straight away?

I have 25k on the site right now. I invest in a 70/30 world portfolio and would also like to invest this 25k? Should I put everything in at once or divide it up? Towards the end of the year I received another 50k, which I had fixed interest in the bank. The same question applies to this. Should I invest 50k at once? With these two amounts I would then double my portfolio. submitted by /u/oN_cLUE [link] [comments]

Anti-drug video fiasco not a vote of confidence in Hong Kong’s AI goals

It’s unfortunate for Hong Kong Chief Executive John Lee Ka-chiu that his speech on July 1 marking the 29th anniversary of the handover and highlighting his government’s achievements may have been overshadowed by the outcry over an anti-drug video – or at least what was intended as one. The Correctional Services Department released the video, generated by artificial intelligence (AI), on June 26 before having to pull it twice, ahead of the anniversary. The video – featuring an appealing K-pop...

A new European security architecture is needed to end war in Ukraine

Taiwan's wealth flows into Japan real estate as mainland Chinese retreat

Trump asked FIFA to review Balogun's World Cup game suspension: Reports

Folarin Balogun was surprisingly cleared by FIFA to play for the United States Men's National Team in the World Cup against Belgium on Monday.

Five Energy Stocks Riding Texas's Data Center Power Boom

Fly into Abilene, Amarillo or Midland this year and you'll see the buildout before you land: cranes over half-finished turbine halls, miles of freshly trenched pipeline right-of-way, and fenced-off scrubland that a year ago grew nothing but mesquite and cotton. Texas has become the epicenter of America's AI data center boom, and unlike a lot of things AI, the money behind it is already spent, not just promised. ERCOT, the grid operator that runs most of the state's power market, now projects ele

Business ticker: According to a media report, Porsche is cutting another 4,000 jobs

Porsche spokesman did not want to confirm the specific number of jobs in response to a dpa request +++ Uber apparently stops expansion of food delivery service in Europe +++ Airports criticize waiting times due to new border controls +++ News in the company live blog.

Change or change: fateful year for the automotive industry

The conflict at VW and Mercedes shows the seriousness of the situation. It's about the future of Germany as a location.

Car company in crisis: This time the VW boss is going all out

Oliver Blume is planning the most severe austerity program in the history of Europe's largest car company. Next week the fronts will collide.

Issue Check24 insurance mandate?

Does anyone here have any experience as to whether it is worth giving Check24 the insurance mandate? Does this really make it easier to manage? Does it have any disadvantages? submitted by /u/One_Hope_9573 [link] [comments]

OPEC+ raises output levels again despite tumbling crude prices

Major oil producers on Sunday agreed once again to modestly increase their crude production, although, as in previous months, the hike is largely symbolic until a peace deal between the U.S. and Iran sticks and the Strait of Hormuz is fully reopened to shipping traffic.

How do you determine the purchase price in EUR for crypto purchases via USDT?

Hello everyone, how do you actually find out the correct purchase price for crypto if you only have CSV files from the exchange? I often exchanged EUR to USDT and then used USDT to buy various coins. In some cases there were several purchases, sales and reallocations. Now it's not entirely clear to me how I should calculate the real purchase price in EUR per coin. Do you do this manually, with a tax tool or through a tax advisor? Above all, I'm interested in how you get along

Jewellery worth millions of euros stolen in French museum burglary

Burglars stole millions of euros’ worth of jewellery from the museum of French luxury glassmaker Lalique in a daring early-morning raid on Sunday, just months after a stunning gem robbery at the Louvre in Paris. A gang of masked thieves broke in to the museum in Wingen-sur-Moder in northeastern France at around 5.30am local time, forcing a door before heading for the jewellery room and smashing open six display cases, a source close to the investigation told Agence France-Presse. “Around 20...

Trump to meet Ukraine’s Zelensky and Syria’s Sharaa during Nato summit in Turkey

US President Donald Trump plans to meet Ukrainian President Volodymyr Zelensky and Syrian President Ahmad al-Sharaa on Wednesday while attending the Nato summit in Turkey, the White House said. Those discussions will come as Kyiv tries to refocus Trump’s attention on the conflict with Moscow and as Trump has publicly mused about Syria’s role in the Middle East. White House spokeswoman Anna Kelly confirmed the meetings in a call with reporters while previewing the summit in Ankara, where Trump...