Finance news

Podcast Löhr & Pennekamp: Is Germany only third class?

The early end of the World Cup and the economic stagnation give rise to the impression that Germany can no longer keep up in many areas. Will the federal government's reform package bring about a turnaround?

‘Cherry-picked’ crimes: call for legal reforms to cover long-term child sexual abuse

While most Hong Kong children find sanctuary at home, Bobo* spent her primary and secondary school years constantly on high alert, always looking for a new place to hide in her flat. “Every single day I had to figure out how to avoid that person, how to find another safe spot inside the flat,” said the young woman, who suffered repeated sexual abuse by a family member. Another girl, Mui*, said nights and school holidays were the most terrifying times. She would often jolt awake with the...

Will reluctance from local government undermine reforms to China’s hukou system?

Starting in September, Wang Ming’s 12-year-old son will need to go to school in a city 120km (75 miles) from his home in Beijing. Originally from northeastern China, Wang and his wife have lived in Beijing for more than 20 years. But even though they work for a bank and insurance company they have never been able to obtain a hukou – the household registration document that serves as proof of residency and grants access to public services such as healthcare and education. The hukou system has...

Budget: The federal government is planning more money for new construction and expansion of the railways

The subsidies are expected to increase to around 2.2 billion euros in 2027. One association speaks of the right approach - but sharply criticizes another post.

Heatwave upends Fourth of July events across US, strains power grids

A dangerous heatwave upended Fourth of July celebrations across swathes of the central and eastern United States on Friday, forcing officials in the nation’s capital and elsewhere to cancel or postpone dozens of parades, concerts and fireworks displays. Among the events disrupted by the sweltering heat was the Great American State Fair on the National Mall in Washington, a centrepiece of President Donald ‌Trump’s efforts to mark the nation’s 250th birthday. The fair, designed to showcase all 50.

EU border system EES: Long waiting times at the airport: This is what travelers need to know

Missed flights, queues all the way to the tarmac: the new EU border system is making travelers sweat. Why even Germany's model student status doesn't protect against waiting times.

Hong Kong cancels T1 signal but warns of strong winds, showers into next week

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The Hong Kong Observatory has cancelled the No 1 typhoon signal but warned the city will still be hit by strong winds, swells and heavy showers, with unsettled weather expected to continue until mid next week. The forecaster replaced the standby typhoon signal, issued on Thursday, with the strong monsoon signal at 3.21am on Saturday as Tropical Cyclone Maysak

Indonesia's social media ban tests families' digital reality

'Difficult to dissociate my Asian American identity with my career,' Eric Wong says

To become American, lean in and be yourself, says Sundjaja

Caution on land tenders key to Hong Kong’s property recovery: analysts

As Hong Kong moves forward with its huge new Northern Metropolis development zone, analysts argue the government should take a cautious approach to land sales to help sustain the recent recovery in the residential property market. The large-scale project near the border with the Chinese mainland continues to progress, as the government set a tender deadline for midday on Friday for several plots in the Hung Shui Kiu/Ha Tsuen New Development Area. The parcels of land – which comprise three...

Europe-wide problem: Airports complain about long waiting times at border control

Waiting in line for up to two hours: Why the new EU border control system is causing frustration at German airports and what the ADV President is now demanding.

Federal party conference: AfD power struggle in Erfurt – Höcke wing wants more influence

The AfD elects a new leader. Alice Weidel and Tino Chrupalla are considered seeded. The places behind are particularly competitive. The right-wing extremist wing around Björn Höcke is pushing forward.

Travel: Travel arbitration board records record number of complaints

More than 29,400 complaints in just six months: The Travel and Transport Arbitration Board reports a record - air travelers in particular are demanding compensation after cancellations and delays.

Running: Men often experience sudden drops in speed during marathons

Suddenly no more strength in the last few kilometers? Men are twice as likely to hit the wall as women. What's behind it and how you can prevent it.

Liquefied natural gas: LNG share of gas imports increased despite Iran conflict

The proportion of natural gas delivered to German coasts by ship continues to rise. But the Iran conflict is not entirely without impact.

New ghost shark species may have been found in Costa Rica

Costa Rican scientists may have discovered a new species of ghost shark in Pacific waters near Cabo Blanco and Cano Island. The latest discovery has a “shorter” snout, a “darker coloration pattern” and a “much longer spine on its dorsal fin”, according to Arturo Angulo Sibaja, a biology professor at the University of Costa Rica. The discovery marked the only such species “known for the Central American coast”, Sibaja said, adding genetic analysis indicated the new species had “no reproductive...

Why shouldn't I put 100% equities in my Roth? And only place bonds in my Trad?

Ignoring 401k and HSA, let's say I have a Trad IRA and Roth IRA for retirement. Let's also say I want an overall 80/20 portfolio. Given that I have to pay taxes on the gains in the Trad shouldn't I limit my growth assets there and keep most of my growth in my Roth? So my Roth might be 100/0 whiley Trad is like 70/30. Wouldn't this be better for end ofife tax issues? submitted by /u/iloveu3thousand [link] [comments]

Geopolitics as an opportunity: BASF defies the Iran crisis: Why the chemical giant is calm

Despite tensions over the Strait of Hormuz, the group sees itself as being in a robust position - and is even benefiting from new market opportunities in Europe.

Malaysia’s young drivers race for success abroad in a post-F1 world

For 19 seasons, the Malaysian Grand Prix made Sepang International Circuit one of Asia’s premier racing venues. Sepang opened in 1999 as an emblem of a Southeast Asian nation that was on the up at the time. But the government ended its support for the Formula One (F1) race in 2017, closing a high-speed era that brought the eyes of tens of millions of people across the world to Malaysia. For home-grown drivers, however, their motorsport dreams have not reached a chequered flag since F1 left...

Budget: The federal government is planning more money for new construction and expansion of the railways

The subsidies are expected to increase to around 2.2 billion euros in 2027. One association speaks of the right approach - but sharply criticizes another post.

Killed head of state: Iran begins public funeral ceremonies for Khamenei

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?

Pensions: After pension reform – crafts demand reduction in social contributions

The pension reform is right. However, increasing contributions to pension provision would have to be compensated for by lower social contributions, demands the Central Association of German Crafts.

What should I invest in? .

So I'm in a pretty sweet spot right now I'm living with my sister right now and paying $600 for rent, I'm 42 and have no savings(sad I know) but I'll going to start getting a lot of overtime and will have about $3,000 a month to invest. Which stocks or ETF'S, or maybe franchises or whatever I can do to have a semi decent retirement maybe. submitted by /u/Opposite_Pop_8273 [link] [comments]

Is ‘no Greenland seafood for China’ the US’ new security doctrine?

An unmistakable pattern has emerged in the US’ strategy to contain China. Washington has sought to deny China access to frontier technologies and key commodities, and to redirect related supply chains to revitalise American industries. In this context, US President Donald Trump’s intense interest in America taking over Denmark’s Greenland becomes clear. Deny the Chinese their favourite seafood, which many can’t live without, and revive the US food industry. You think I am pulling your leg. This.

Morning Briefing Insight: Discretion not wanted: This is how the Handelsblatt researched the government's reform package

On Thursday the federal government presented its reform package. Martin Knobbe and Sven Prange provide insights into how the Handelsblatt works in a week like this. Also: How to deal with the negative headlines about Volkswagen and Co?

Today Plus: Takeover of Commerzbank by Unicredit: Danger or opportunity? A debate

Commerzbank and the federal government are defending themselves against the hostile takeover offer from the major Italian bank. Rightly so? The finance professors Hans-Peter Burghof and Florian Heider have very different views.

China delivery rider collapses after entering burning flat 3 times to extinguish flames

A courier in eastern China has been celebrated as a hero after bravely charging into a burning flat three times to extinguish the flames before collapsing from smoke inhalation. An Erpei, 21, from Hangzhou, had just returned to his rented flat after a late shift on June 25, when he heard a fire alarm while washing dishes. As he fled the building with his girlfriend and family, An noticed the blaze coming from an unoccupied flat on the third floor. Security guards and property staff were already.

Healthcare: Health insurance companies warn against watering down the austerity package

The health savings package is expected to be passed in the Bundestag next week. The Association of Statutory Health Insurance Funds is now warning against weakening the plan.

Meeting in Erfurt: AfD party conference begins - extensive protests expected

The AfD gathers for the party conference in the Thuringian state capital. Tens of thousands want to demonstrate against it. The police are facing a major operation.