Finance news

Shell Offloads 50% Stake in Na Kika Platform for $1.7 Billion

Shell has struck a deal to sell a 50% stake in the Na Kika oil platform and related assets to Talos Energy and Ridgewood Energy, with the price tag at $1.7 billion, the supermajor said. According to Shell’s partner in Na Kika, BP, the deepwater platform off the Louisiana coast is one of the most prolific production hubs in the Gulf, linked to eight fields, and can produce up to 130,000 barrels of crude daily. Along with Shell’s 50% interest in Na Kika, Talos and Ridgewood will also buy the compa

China unveils industrial internet road map, with AI, 5G at core of manufacturing upgrade

China has unveiled a road map to accelerate the development of its industrial internet, setting targets for the expansion of industry-oriented 5G networks and data systems as Beijing seeks to deepen the integration of frontier technologies into manufacturing and bolster the country’s industrial competitiveness. The plan, jointly issued on Tuesday by eight Chinese government agencies led by the Ministry of Industry and Information Technology, included targets for expanding industrial digital...

Witches, Monsters & Co.: Nightmares like Bill Kaulitz? Which promotes peaceful sleep

Sleepless nights because of nightmares? Experts explain what's behind the scary dream monsters - and what can help you sleep peacefully again.

Xi touts China Communist Party's global influence in speech marking 105th anniversary

Chinese President Xi Jinping spoke Wednesday to commemorate the 105th anniversary of the ruling Communist Party of China.

High demand for AI: Siemens is creating 700 jobs in Germany

The technology group is upgrading its two factories in Frankfurt and building a new factory in neighboring Offenbach. This is intended to meet the increasing demand for data centers.

DAX group: Plant expansion on the Main: Siemens is investing 300 million euros in Germany

The technology group is expanding the production of energy distribution systems and will create around 700 jobs by 2030. There is one main reason for the high demand.

Economic situation: Ifo Institute sees “glimmers of hope” for chemistry

The mood in the industry is rising, and the assessment of the current situation is one of the highest in recent years. However, there is also a special effect behind this.

Cantillon effect explains: Why the rich are getting richer - and the poor are getting poorer

According to the so-called Cantillon effect, the expansion of the money supply means that some people become richer at the expense of others. But what exactly is the Cantillon effect?

IQM quantum computing - a european player

I already posted this in another sub, but did not get much answers. I stumbled across a news article about IQM and got very interested. I am interested in feedback to this company, because it seems pretty undervalued compared to other quantum stocks on the market, what do you think? Here the summary: IQM is one of Europe's leading quantum computing companies and is about to go public through a SPAC merger with Real Asset Acquisition Corp. (NASDAQ: RAAQ). Key facts: -Transaction values IQM at app

Iran prepares grand funeral for late supreme leader killed on war’s first day

Giant portraits of Ayatollah Ali Khamenei, Iran’s late supreme leader killed in US-Israeli air strikes, have been hung from Tehran’s Grand Mosalla as workers raced to prepare for his grand funeral ceremony. His funeral, initially delayed at the height of the Middle East war, will take place as Iran and the United States observe a fragile ceasefire after signing a preliminary deal to halt the conflict. Khamenei, a spiritual figure for many Shias, was killed aged 86 at his compound in the centre..

Insider: ECB is apparently considering doubling the minimum reserves for banks

According to insiders, the ECB is considering doubling the minimum reserve requirement for banks - a move that could save billions in interest costs.

Caraving: Dethleffs is removing every second caravan from its range

The “inventor of the caravan” is significantly thinning out his range. Many models will soon no longer be available. The Allgäu residents are planning two new motorhomes for this purpose.

Ukraine War: Russia shells gas stations in Ukraine

Gasoline has become scarce in many places in Russia, and Ukraine has shut down refineries with drone attacks. Moscow troops are now targeting fuel supplies in Ukraine.

Loans: breathing space or time bomb? The dangerous boom in PIK loans

More and more companies are relying on loans where the interest is only due at the end of the term. This relieves the burden on the cash register in the short term, but the price is high - and the boom is alarming experts.

North Sea oil and renewables: The UK’s next PM faces a defining energy policy decision

Andy Burnham could face an early test over North Sea oil drilling as energy shocks revive the UK energy security debate.

Is Canada about to validate South Korea's shipbuilding ecosystem?

Canada's submarine competition may look like a defense procurement story. I think investors should also see it as a test of long-term industrial ecosystems.Canada Set to Select Submarine Supplier as Hanwha Ocean Makes Final Push I admit I have a personal perspective. Decades ago, I worked on ship exports at Daewoo, one of the predecessors of today's Hanwha Ocean. That experience may be one reason I see this as more than a defense contract. submitted by /u/BluewaterEcosystems [link] [comments]

Black-red: That's what the coalition committee is about

The leaders of the Union and SPD will meet on Wednesday for what could be crucial discussions about their reform package. The most important questions and answers.

KKR to control South Korea's $1.3 billion renewables platform with SK as AI power demand rises

The announcement came after South Korea announced on Monday three massive investment projects, spanning semiconductors, physical AI and AI data centers.

Qualcomm challenges Nvidia's AI grip with chip that ditches HBM

China's ethnic law with global reach draws backlash, from Japan to Europe

Pakistan approves final link in 1,600-km national oil pipeline

Toyota to harmonize vehicle specs with AI, helping to speed production

South Korea exports in June soar past $100bn for first time on chip demand

Indian IT firms ramp up acquisitions as AI reshapes growth

Xi projects confidence for China’s Communist Party at home and on world stage

President Xi Jinping has projected strong confidence for the Communist Party on both domestic governance and international standing in a speech on Wednesday to mark the 105th anniversary of the founding of the party. In a comprehensive and wide-ranging address, Xi reviewed the history of the party, recounting its historical achievements and summarising the key factors behind its success, including maintaining the party’s purity and discipline. Xi highlighted the party’s success as a new path for

CNBC Daily Open: Anthropic unbound, Trump's finances and crude realities

AI giant Anthropic has been cleared to redeploy models after the Trump administration lifts export controls.

Vietnam offers cash for babies but potential parents are not biting

One year after lifting its long-standing two-child limit, Vietnam is offering incentives for people to have more babies as the communist country risks getting old before it gets rich. A new population law and regulations coming into effect on Wednesday extend maternity leave from six to seven months for mothers having a second child as well as offering financial help. If Hanoi residents Nguyen Kim Bich and her husband have a second child, she will get an extra month of maternity leave, free...

The catch with the 3.5% p.a. at Trading212 (?)

Some time ago at Trading212 you got 3.0% p.a. on uninvested balances, now even 3.5%. A deadline, as with current account accounts, was not mentioned. I was already wondering where the catch was - now I think I've found it. To date, my assets have been invested in banks (J.P. Morgan, Helaba). Everything was fine until then because these shares were protected by deposit insurance. But now a new point has emerged. An amount larger than my previous amount

A US missile killed Iranian schoolchildren 4 months ago. Still, no one accepts blame

It was the deadliest reported strike in the US-Israeli war against Iran, and most of the victims were children. Yet over four months since a US missile struck an Iranian primary school, there is no final accounting of what happened. The Trump administration has not directly accepted the blame, though the military possessed evidence almost immediately that the site had been struck, a US official with knowledge of the situation told Associated Press. Drawing from interviews with US officials,...

Chinese PhD graduate invites favourite eatery owners to graduation via delivery order

A Chinese PhD graduate invited his favourite eatery’s owners to his graduation ceremony via a delivery order, receiving enthusiastic response from his invitees. Recently, an eatery owner in southern China’s Guangdong province posted a delivery order she received. In the comment of the order, the customer, surnamed Xiong, invites her and her husband to take graduation photos with him. He wrote: “I have been fed by you for seven years from bachelor to doctor. I’m graduating now and feel sad about.