Finance news

Is it possible to have a broadly invested portfolio, without automatic purchasing of SPCX or AI IPO’s?

Regardless of whether or not owning SPCX is a good financial choice (whether directly or through index funds) I do not want to participate in it because I believe this whole IPO situation is financial fraud and I don’t want to participate. There exists funds like SPXT, which is the same as SPY, but they exclude all Information Technology companies. This is OK, but a blanket exclusion of an entire sector is a little simple. Is there some better choice of index that still broadly represents the ec

Nikkei, Topix & Co.: Breaking of the ceasefire in the Gulf only has a slight impact on East Asia's stock markets

Despite new attacks between Iran and the USA, investors apparently do not fear the Strait of Hormuz being closed again. The fear of the AI ​​bubble bursting dominates the markets.

Showing feelings at work: Crying at work - how do I deal with it?

What has to come out has to come out: This also applies to tears. But if we cry at work, it makes many people uncomfortable afterwards. An expert says: This is nothing to be ashamed of.

China's state developers power Shenzhen construction despite market woes

Cooler Japan: Firms race for new ways to prevent heatstroke

China’s first AI-powered cancer vaccine production line set to launch in Beijing

China has broken ground on what developers say is the country’s first production line for AI-assisted personalised tumour vaccines, raising hopes for millions of new cancer patients every year – a disease that ranks as the nation’s second-leading cause of death. By October, Beijing-based Likang Life Sciences is expected to complete a new drug research and manufacturing centre in the Beijing Economic and Technological Development Zone, with a total investment of about 110 million yuan (US$16.1...

AI agents that provide ‘economic value’ are next frontier, says Meta AI research chief

The next frontier of artificial intelligence will be agents that can perform “economically valuable” work across a broad range of real-world domains, according to Dawn Song, Meta Platforms’ new vice-president of AI research. “The goal is not to replace humans,” Song told the South China Morning Post last week on the sidelines of the World Economic Forum in Dalian, also known as Summer Davos, days before joining Meta. “But we want these AI agents to be more effective in these important real-world

Worker killed, another unconscious after construction vehicle tips over

A worker has died and another has been left unconscious after a construction vehicle fell on its side at a Hong Kong construction site. Police said on Monday that they received a report at 9.42am that an industrial accident had occurred on the site on Liberty Avenue in Ho Man Tin. The force said at least one worker had become trapped when the vehicle fell on its side. One worker was certified dead on scene, while another was rushed to Kwong Wah Hospital in Yau Ma Tei in an unconscious state, it.

Situation at a glance: USA is committed to dialogue with Iran despite escalation

Recent attacks between the US and Iran are fueling fears of a resurgence of war. According to US information, both want to continue talking. The situation also remains tense in Lebanon.

Philippines becomes world’s top solar spender amid Middle East energy crisis

People in the Philippines are flocking to install solar power on rooftops and escape the burden of soaring electricity prices, making it the world’s biggest spender on solar panels since the war in Iran started. Top power distributor Meralco has raised prices by 10 per cent since the Middle East conflict began in late February. Now, a median household spends around 12 per cent of monthly ‌income on electricity, assuming it consumes 200 kilowatt-hours – around the monthly average for three...

Oil jumps back above $70 as fresh U.S.-Iran clashes reignite Middle East supply fears

Oil edged higher on Monday after renewed military strikes between the U.S. and Iran reignited concerns over crude supplies from the Middle East.

MY FIRE NUMBER 45M - invested in ETFs and individual stocks

I have been thinking about this over the past few days and for me its the number I need to be able to live comfortably and have optionalities. Nothing extravagant or over the top. I have a young family,I want to not be stressed about money and be able to provide everything they need and want in life as regular kids ( e.g. no ponies for them) My FIRE number is £1.5M at a 5% withdrew rate. I have around 300k in individual stocks and etfs in ISA stock & shares account. The way I am starting to look

China adds 20 Japanese entities to export-control list over remilitarisation concerns

The Ministry of Commerce said on Monday that to deter Japan’s “remilitarisation” and its attempts to “acquire nuclear weapons”, it has added 20 Japanese entities “involved in enhancing Japan’s military capabilities” to an export-control list. Twenty Japanese entities have also been added to a separate watch list. The moves were made to safeguard China’s national security and interests and to fulfil international obligations such as non-proliferation, the ministry added. A ministry spokesperson..

High ceiling to clear? First rectified subdivided flat to be approved soon

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. Hong Kong’s first rectified subdivided home is expected to be approved by authorities in the next two months, while about 19,000 flats have already registered for the renovation policy’s grace period, the housing minister has revealed. Secretary for Housing Winnie Ho Wing-yin said.

EU confronts ‘China shock’ ahead of pivotal Brussels trade talks

European Union leaders had a week to bask in their rare, relatively united stance on China policy before news broke to remind them of the urgency of their task: German car giant Volkswagen was reportedly planning up to 100,000 job cuts in the face of cutthroat Chinese competition. Seven days previously at a European Council summit in Brussels, leaders from the EU’s 27 member states had instructed the European Commission to accelerate its efforts to fight back against what is seen as a damaging..

Why would Filipinos holiday at home if abroad is cheaper?

Earlier this year, a screenshot of a domestic airfare went viral in the Philippines for all the wrong reasons. The flight was from Manila to Batanes, the country’s remote northern tip. The price: 27,000 pesos (US$440) – enough to fly to Taipei or Hanoi, check into a decent hotel and still have money for dinner. That disconnect sits awkwardly alongside Manila’s latest effort to rev up domestic travel. On Friday, the Department of Tourism launched “Discover More to Love”, a campaign of discounted.

Logistics: Business worries about the consequences of the heat wave

The heat has caused road surfaces on some highways to crack. The freight forwarding association warns of the consequences for freight transport. Inland shipping is also coming under pressure.

Industry: German industry wants to get out of Germany – up to 100,000 jobs are at risk

Domestic companies are increasingly shifting jobs and investments abroad. This is shown by an exclusive survey on their strategies until 2030. Four growth regions benefit from this.

The entrepreneur talk: Rare earth traders: “The Americans and Japanese are currently buying up the market”

Andreas Kroll has been trading rare earths, the “cocaine of the industry,” for twelve years. The dependency of many sectors is great, he says in the interview, but it can be cured.

Government: The supply chain law has been in the Bundestag for six months - and no one knows what will happen next

Black and Red wanted to “abolish” the supply chain law. The coalition hasn't gotten very far - instead, it has been arguing for months. Does the Chancellor have to take action now?

Advisor: Christian Horn retreats to the second row

His consultancy was the first in Germany to involve a financial investor and set itself up as a platform. Christian Horn is now stepping down as CEO. What's behind it?

High temperatures: Business worries about the consequences of the heat wave

The heat causes the road to crack on some highways. The freight forwarding association warns of the consequences for freight transport. Inland shipping is also coming under pressure.

Vietnam dissident arrests double under leader To Lam, report says

Vietnam is increasingly using broadly written laws to arrest activists, dissidents and others that authorities consider a threat to the Communist Party’s rule, according to a new analysis released on Monday by a human rights group. The 88 Project, which focuses on rights issues in Vietnam, documented 56 such arrests last year, the third consecutive year of increases and double the number in 2022. The report included only arrests where the defendant could be identified by name and the case...

Samsung, SK Hynix shares fall as investors brace for reported $1.3 trillion spending plans

Shares of Samsung Electronics and SK Hynix plunged after reports surfaced that the pair are expected to unveil investment plans worth hundreds of billions of dollars.

To boost birth rate, Hong Kong needs to deliver quality housing

The public consultation for Chief Executive John Lee Ka-chiu’s last policy address of his current term is under way. Will he, for example, listen to the people about whether the baby bonus, one of the initiatives aimed at raising the birth rate and which is set to expire in October, should continue? Lee did say in an exclusive interview with the South China Morning Post that his government plans to “collect wisdom” before deciding. According to the chief executive, Hong Kong experienced a 10 per

+++ Iran War +++: USA continues to expect Iran talks despite attacks

Iran claims sole control of Strait of Hormuz +++ Israel: Killed Hezbollah fighters in southern Lebanon +++ Trump confirms US attacks and threatens Iran with destruction +++ The news blog.

Consumer: Laboratory: Some clothing at Shein is contaminated with chemicals

Products from cheap online retailers do not always comply with safety regulations. This is also shown by a current test of Shein clothes: EU limits are sometimes massively exceeded.

‘Pass on the warmth’: blind Chinese teen aces gaokao, chooses medicine to help others

A teenager from northern China who lost his sight in a brutal attack has emerged as one of the top scorers in the national college entrance examination for students with disabilities. Thirteen years ago, Guo Bin was just six years old when a middle-aged woman lured him away from his home in Shanxi province. After threatening to gouge out his eyes if he continued to cry, the woman attacked him with a tree branch, resulting in permanent blindness. Guo was later found conscious but covered in...

Oil exports in the Iran war: Export crisis in the Gulf: Countries want to bypass the Strait of Hormuz

Millions of barrels of crude oil were effectively blocked in the Gulf region by the Iran war. In a race against time, exporting countries are now looking for ways to get the raw material to its destination differently.

Australian energy exploration hits 10-year high as Asian gas demand surges

Energy exploration has picked up sharply in Australia, driven ⁠by growing Asian gas demand, technological advances and an improved investment climate, with the Iran war ⁠underscoring the urgency to develop supply after years of sluggish spending. Quarterly oil and gas exploration spending in Australia, the world’s No 2 liquefied natural gas producer, hit a 10-year high of A$471 million (US$324 million) in the March quarter, government data released in June showed. Energy investment sentiment has