Finance news

Why Hong Kong students are heading to mainland China to intern

More Hong Kong students are turning to mainland China for summer internships as government and university schemes expand cross-border placements. Students said they were drawn by greater opportunities in different sectors, hands-on experience in a larger market and lower living costs, with some viewing cross-border exposure as a career asset. The Home and Youth Affairs Bureau’s corporate summer internship scheme has expanded its number of mainland placements for young Hongkongers, with dedicated

Chinese tourist-site performer portraying poet Li Bai offers advice to burned-out visitors

A young Chinese man is reviving China’s most famous poet Li Bai at a tourist site, and has become millions of visitors’ emotional outlet for burnout. Wang Haonan, 24, amasses more than a million followers online after he went viral playing the role of Li Bai at Hetou Old Street, a Tang dynasty-themed tourist district in Tangshan in northern China’s Hebei province. The Tang dynasty (618–907) is recognised as the golden age of Chinese poetry, and Li Bai (c. 701–762) is widely honoured as the most.

DGB study: Almost half of employees doubt whether they will last until retirement

According to a study by the DGB, many employees do not believe that they can work in their job until retirement age. DGB boss Yasmin Fahimi speaks of a “bitter finding”.

AI investors shouldn't choose between Wall Street and Asia

In Tasmania, nature sets table and pace

Inherited money for minor children

Hopefully this is allowed and I do have a call out to our financial advisor, but I'm also curious what others' opinions are in this situation. My kids inherited an IRA that I am splitting into inherited IRAs. They have also each inherited 50k and properties that collect rent money every month. Technically they have about 10yrs before they can take ownership of the funds, but I'm the executor and can do what is in their best interests. Because there is so much time before they can take ownership,

Asean monitors: ‘simply theatre’ in Thai-Cambodian narrative war?

Asean military observers have now visited both sides of the Thai-Cambodian frontier, measuring damage and recording claims as Bangkok and Phnom Penh continue to trade allegations of ceasefire breaches following last year’s deadly clashes. In late June, a delegation from member states of the Association of Southeast Asian Nations fanned out across Thailand and Cambodia, escorted through contested ground and competing narratives. The fighting last year resulted in more than 100 military and...

Evacuation ordered as storms gather in Washington before Trump’s July 4 speech

An evacuation was ordered on Saturday evening at the National Mall as storms gathered around Washington just hours before US President Donald Trump was scheduled to deliver a speech commemorating America’s 250th anniversary of independence. Those on the Mall were encouraged to go to federal buildings nearby or Smithsonian museums. “Freedom 250 will share updates on programming and doors reopening,” Freedom 250 spokeswoman Danielle Alvarez said in a statement. Plans for fireworks were still...

Putin and Trump discuss Ukraine, Iran in US Independence Day call

Russian President Vladimir Putin and US President Donald Trump discussed Ukraine and the coming Nato summit in Turkey in a phone call Saturday. Putin congratulated Trump on the 250th anniversary of US independence in the call that lasted 85 minutes, Kremlin foreign policy aide Yuri Ushakov said in an audio message to reporters. “The presidents naturally touched on the topic of a Ukrainian settlement, including in light of Trump’s upcoming participation in the Nato summit in Turkey on July 7-8,”.

Dip in U.S. LNG Imports to EU Spells Trouble for Trade Deal

For two years, the European Union has been the biggest regional buyer of U.S. liquefied natural gas. Sanctions on Russia, including a ban on LNG purchased from 2027, have prompted the pivot, actively encouraged by the second Trump administration. But last month, Europe shunned American liquefied gas because it was too expensive. This will be a problem for the trade deal that just went into effect. Last July, President Donald Trump and European Commission President Ursula von der Leyen signed a t

Inside Taylor Swift and Travis Kelce’s big bash: a garden in the Garden

The groom wore a white tuxedo, the couple wrote their own vows and Stevie Nicks sang, according to guests at Friday’s star-studded wedding of megastars Taylor Swift and Travis Kelce in an intimate garden built for the occasion within New York City’s Madison Square Garden arena. Details trickled out on Saturday of the lavish nuptials ‌that had been a closely guarded secret. Their union was confirmed on giant billboards that flashed “JUST&T MARRIED!” The pop music superstar and football player...

Aviation: Condor boss open to sale to Gulf airline

The German airline Condor is looking for new owners. Your boss can also imagine selling to Gulf airlines.

State Security: Pistorius: No secret information to AfD because of proximity to Putin

Defense Minister Pistorius warns about the AfD's access to secret information - and points to the party's proximity to Russia.

China offers sea cable detection tech to clients in Middle East, Europe and Asia

China plans to export powerful robots capable of locating marine cables buried under the seabed to regions including “Southeast Asia, the Middle East and Europe”, according to the Science and Technology Daily. China aimed to secure its position in the marine equipment sector by introducing this technology to potential clients in these regions, the official newspaper reported last Monday. “By deepening cooperation in [these] offshore engineering markets, we will integrate Chinese intelligent...

‘Overcapacity’ talk reflects a West irked by China’s industrial rise

There is something odd about the debate on China’s “overcapacity”. Europe says the world needs cheaper and faster clean energy deployment, yet complains when China produces the solar panels, wind turbines, batteries and electric vehicles that make this possible. Bruegel, a Brussels-based think tank specialising in economic policy, recently published a working paper, “To what extent can green infrastructure investment mitigate China’s clean-energy overcapacity?” It argues that China’s industrial.

University fees and investing 18M £13000

18M starting uni this September and will be taking out a maintenance loan and tuition fee loan. Im privileged enough for my parents to be able to work out the tuition loan and i have £13000 saved from work and gifts etc which they have told me is for paying off my maintenance loan and accommodation fees. Its currently kept in an isa at 2.8% (around that figure) but i think i could be better off by investing into an all world or something of the like (should mention also that i have been lucky en

How Sony's PlayStation disc phaseout resets gaming value chain

Venezuela quake death toll rises to nearly 3,000

Venezuela’s devastating twin earthquakes have killed nearly 3,000, official figures showed on Saturday, as international rescue teams began winding down search operations for survivors in the rubble. Fatalities jumped by more than 300 from Friday to 2,954, following the June 24 disaster that left thousands homeless in the streets and shelter camps. Tens of thousands more are still missing. One of Latin America’s worst earthquake disasters hit hardest in the coastal La Guaira area north of the...

South Africa's metropolis: Johannesburg between restart and collapse

The former “City of Gold” has fallen into disrepute. Economic life is pulsating in the center, just differently than you would expect.

Zelensky denies Russia captured key Ukraine city, challenges Putin to meet him there

Ukraine still controls the strategically important eastern city of Kostiantynivka, President Volodymyr Zelensky and the General Staff said on Saturday, rejecting Russian claims that it has been captured. Russia’s military ignored Zelensky’s assertions, said it was mopping up remaining pockets of resistance and offered to exchange the remains of dead servicemen. Russian military commanders told President ‌Vladimir Putin on Friday that Moscow’s forces had taken control of Kostiantynivka, a target.

Largest Data Center Project Ever Proposed Is Officially Dead

The largest data center project ever proposed in the U.S. is officially dead. Blackstone-owned QTS Realty Trust withdrew its appeal to the Virginia Supreme Court on July 2, closing out a three-year legal fight over the Prince William Digital Gateway, a planned 2,100-acre campus in Prince William County, Virginia that would have packed 37 buildings and 22 million square feet of data centers next to Manassas National Battlefield Park. At full build-out, the project carried an estimated $100 billio

Why June’s jobs and inflation data are bullish for bonds

The new jobs report is worse than many people realize.

Traditional brand: This man wants to save 4711

“Grandma wore it”: Stephan Kemen brings cologne to China – and wants to position himself with luxury perfumes as well as products for the mass market.

Japan's MinebeaMitsumi to boost bearings output for AI data centers

Jelly Roll’s ex-wife Bunnie Xo says he gave her their $6 million Tennessee estate in divorce

Country singer Jelly Roll’s ex-wife, Bunnie Xo, has revealed that she will take full ownership of the former couple’s Tennessee compound as part of their divorce settlement.

Trump seeks to put himself centre stage for US Independence Day

President Donald Trump will headline US Independence Day celebrations on Saturday with a speech and a show that seek to place him at the centre of the nation’s 250th anniversary. Trump has made no secret of his joy at presiding over the July 4 festivities, portraying the timing as a side benefit of winning a second term starting in 2025 – even as the Republican falsely claims he also won the previous election against Democrat Joe Biden. Celebrations will be held across the US to mark the...

Delivery service Wolt: “Our biggest competitor is the refrigerator”

Germany is one of the toughest markets for delivery services. Wolt boss Marianne Vikkula says how she still wants to expand in this country. And when in Germany robots will deliver pizza, shopping and medicine.

Asia Bets on Biofuels to Dodge Middle East Oil Shortages

Interest in developing biofuels has fluctuated and has been strongly driven by global energy trends. In 2024, following the COVID-19 pandemic, the international call for a green transition, and the increased focus on developing cleaner fuels to decarbonise hard-to-abate industries, interest in biofuels grew. Biofuels were expected to play a major role in the global green transition by helping to decarbonise industries that could not simply shift to renewable electricity, such as aviation. Howeve

All-clear from Paris: Ebola outbreak in Congo: French doctor back to health

A French doctor who was infected with Ebola in Congo has recovered after treatment in Paris. The current situation in the Central African country remains tense.

New rules for parliament: Hungary: MPs should retire after twelve years

Hungary's new head of government plans to limit parliamentary mandates to twelve years. The regulation will only apply from the 2030 election - the current parliament will remain unaffected.