Finance news

Currency advantages, K-beauty fuel Chinese shopping trips, spending in Korea

When Chelsea Wang travelled to Seoul with two friends in late April, they barely visited any of the city’s palaces or tourist attractions. Instead, their three-and-a-half-day itinerary revolved around duty-free shopping, beauty treatments, hair salons and cosmetics stores. Wang arrived with a shopping list of her own: a backpack she estimated would cost at least 500 yuan ($70) less than in China, and a bottle of perfume at a similar discount. One of her friends, Wu, a 28-year-old white-collar...

250 years of the USA: “I expect that there will soon be price corrections on the stock exchanges”

America is celebrating its 250th birthday. Top economist Markus Brunnermeier explains what Germany should learn - and what it should do better.

‘We won’t tolerate this’: thousands in Germany protest against far-right AfD

Thousands of opponents of Germany’s far-right AfD took to the streets of Erfurt on Saturday and blocked roads to the party’s annual conference ahead of regional elections that could see it take power at state level for the first time. Protesters from ‌unions, civil society groups and left-wing parties gathered as large numbers of police, including reinforcements from across Germany, were deployed ahead of the AfD’s two-day annual conference. AfD stands for Alternative for Germany. Watched by...

2 wet lab buildings at Hong Kong Hetao innovation hub fully leased in first phase

The first phase of Hong Kong’s Hetao innovation hub, a key cross-border initiative under the Northern Metropolis megaproject, has been well received, with two of its wet laboratory buildings fully leased, its chairman has revealed. Permanent Secretary for Innovation, Technology and Industry Kevin Choi Kit-ming, who also chairs the Hong Kong-Shenzhen Innovation and Technology Park in the Lok Ma Chau Loop, said on Saturday that more than half of the tenant companies were from mainland China. “As..

Killed head of state: funeral ceremonies for Khamenei - demonstration of power in 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?

Herrenknecht: Moving? Repot!

Relocate the company because there is a planter on the street in front of the factory? You can do it. But it has consequences.

Australia’s Great Barrier Reef avoids ‘in danger’ listing by Unesco

Australia’s Great Barrier Reef, a major tourism drawcard, has avoided being listed as endangered despite the United Nations reporting “utmost concern” about mass coral bleaching and the impact of climate change. Canberra welcomed on Saturday the draft decision by Unesco to maintain the World Heritage status of the 2,300km-long (1,426-mile) reef stretching along the coast of Queensland state. Unesco has been monitoring the reef annually since 2021, when it warned it was at risk of being placed on

Do we just follow Greece?

IMO, many people have somehow forgotten why the debt brake even existed: it was done because of the debt crisis in Europe, with Greece as an extreme example. For many years, the economy was kept running with public investments from debt and there was a bloated civil service and pension system. On January 1, 1999, the euro was introduced in some EU countries. Greece was admitted to the Eurozone in 2001 despite meeting EU criticism of convergence

Interview: Political scientist Lembcke: “Alice Weidel makes it easier for the AfD to access the economy”

Before the AfD federal party conference, university professor Oliver Lembcke sees Alice Weidel as the most important face of the party. Their economic course creates contacts, but their power remains limited.

+++ Football World Cup 2026 +++: World Cup thriller – Argentina needs extra time against Cape Verde

Premiere victory in the penalty drama - Egypt in the round of 16 +++ Nagelsmann resigns - negotiations with Klopp +++ Sports director Rettig is leaving the DFB at the end of the year +++ The news blog.

‘No one lifts a finger’: Gaza’s fate eclipsed by Middle East war

The Gaza war was the spark that touched off years of Middle East conflict culminating in the US-Israeli war with Iran, but as Washington and Tehran wrangle over terms for peace, the devastated territory’s fate seems largely out of mind. “Ever since the United States went to war with Iran, the whole world has forgotten Gaza and its tragedy. We no longer have anyone standing by us,” Palestinian Ahmed Jamali, 53, told Agence France-Presse from the displacement camp in Gaza where he lives. “We are..

BörsenWoche 566: Editorial: Gold with chances of catching up in the second half of the year

The precious metal has slipped below $4,000 again this week. But the weak development in the first half of the year could be followed by a recovery.

Reforms: The coalition's open construction sites

The Union and the SPD have agreed on a long catalog of projects. However, many questions regarding the location have not been clarified.

Ukraine War: Ukraine attacks Russian oil facilities near St. Petersburg

The Baltic Sea ports through which Russia exports its oil are located 1,000 kilometers from Ukraine. The region is experiencing a new wave of attacks.

Morning Briefing Plus: About the end of hotness

The governing coalition has delivered – for now. Now it's everyone else's turn. Germany must become more dynamic, more hands-on, more pragmatic and more willing to take risks again.

Cash buys dominate Tokyo and Osaka penthouses as luxury demand surges

'You've got to have pipeline of Asian American representation,' says Chopra

Industrial sector still lags on Asian representation, says Lee

In some Indian temples, robotic elephants draw crowds and controversy

The life-size robotic elephants in Prasanth Prakashan’s backyard workshop have ears that flap, tails that swish and trunks that squirt water. But that’s about all they have in common with their real-life counterparts revered across India as manifestations of the divine. The animatrons, crafted from fibreglass, iron and rubber, are intended to take the place of live elephants in Hindu temples. The change pleases animal welfare activists but upsets those who passionately believe real elephants are

AfD meets in Erfurt: Party conference can probably start on time - delegates on site

Thousands of people are protesting in Erfurt against the AfD federal party conference. However, they obviously cannot prevent the event from starting on time.

Thousands gather in Iran as Khamenei funeral ceremonies begin

Funeral ceremonies for Iran’s late supreme leader Ali Khamenei officially began on Saturday, state television reported, an event drawing thousands and intended to serve as a show of strength to the Islamic republic’s foes. Iranian authorities say they anticipate between 15 and 20 million participants in Tehran alone over the next three days for tributes to the man who ran the country for three-and-a-half decades. Six days of funeral ceremonies are planned to commemorate Khamenei, who ruled the..

Iran begins six-day funeral for Ayatollah Khamenei nearly four months after his death

Iran plans a six-day funeral for Ayatollah Ali Khamenei, with ceremonies across Iran and Iraq before burial in Mashhad.

Killed head of state: Public funeral service for Khamenei begins in 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?

Independence Day: 250th birthday: Trump invokes an America of believers

The USA is celebrating its 250th birthday. Trump uses a speech the night before at a significant venue to highlight a contrast.

The end of ‘just in time’? Asia rejigs supply chains post-Hormuz

How many crises does it take to change the way the world trades? For Asia, the answer appears to be three. First Covid closed the factories that fed the logistics networks, then Russia’s invasion of Ukraine choked off Black Sea grain exports and sent energy prices spiralling. Now, the US-Israel war on Iran may have hammered the final nail in the coffin of “just in time” supply chains that some economists say are no longer fit for purpose. “Taken together, they show that serious disruption is now

Ex-opposition lawmaker Andrew Wan released after serving sentence for subversion

Former Hong Kong lawmaker Andrew Wan Siu-kin has been released from prison after completing his jail term in a landmark subversion case, saying he hopes to turn a new page in his life. Wan, of the now-defunct Democratic Party, left Stanley Prison on Saturday morning in a seven-seater believed to have been arranged by police. He expressed gratitude to his supporters in a subsequent social media post, sharing a picture of himself smiling and appearing slimmer than before. “I am having breakfast...

Increased key interest rates: This is how risky the interest rate turnaround could be for the ECB

The key interest rates in the euro area are rising - this has consequences for the EU's hidden debts. These interest losses are unacceptable. A guest post.

Trump warns American identity under ‘renewed attack’ as US turns 250

US President Donald Trump lashed out on Friday at what he called a fresh threat against the country’s identity, taking aim at domestic “radicals and extremists” on the eve of America’s 250th birthday. In a speech dripping with patriotism, Trump lauded American exceptionalism and praised its past leaders, speaking at Mount Rushmore with its giant carved heads of four of his legendary predecessors. But he added at the foot of the iconic monument: “As we approach this magnificent anniversary, we...

+++ Federal politics +++: Pistorius – No secret information to AfD because of proximity to Putin

Greens criticize the federal government's draft budget +++ SPD general on the AU obligation - "The alternative would be a waiting day" +++ Spahn defends stricter rules +++ The news blog.

Looking to learn. Questions within Roth IRA

I am currently only invested in VOO and SPY within my Roth IRA. Just looking for help, I’m really trying to learn here. Here’s some funds I’m looking into: Large cap- FCNTX, AGTHX Small cap- OPOCX, NESGX, OMCIX Tech heavy- FSPTX, FSELX I understand these are mutual funds and I’m trying to figure out if I do add some of these more risky funds how does that work within a Roth IRA? What does portfolio turn over matter within a Roth IRA or even expense ratio? Until I figure it out I’m just going to