Finance news

Health insurance companies: Countries are siding with pharmaceutical manufacturers – against the austerity law

Union Prime Ministers from Hesse, Rhineland-Palatinate and Saxony-Anhalt are demanding help for drug manufacturers. You criticize the health minister's austerity law.

As large language models enter China’s legal profession, which lawyers will lose out?

A major legal database affiliated with Peking University has launched a large language model tool it says can accurately retrieve statutes and automatically generate contracts, sending ripples through the legal profession in China. AI-powered legal tools can draft convincing documents in seconds, yet without rigorous oversight they are equally adept at inventing statutes and fabricating precedents – a liability that has kept them on the sidelines in medicine and law. However, lawyers cannot...

UBS prepares to open its next chapter of growth with a new Hong Kong home in West Kowloon

With the formal handover of its new Hong Kong premises already complete and plans well under way to start moving all local staff there in the fourth quarter of this year, UBS, the world’s largest wealth manager, is showing long-term confidence in the city’s future as an international financial centre. The new headquarters is located near the West Kowloon Cultural District, one of the world’s largest cultural and arts quarters spanning 40 hectares (99 acres) and home to renowned institutions such

Trump shrugs off Britain’s incoming leader: ‘I hear he’s extremely liberal’

US President Donald Trump was dismissive of Andy Burnham, who is set to become the next UK prime minister, saying he was unfamiliar with him and has only heard that he is “extremely liberal”. The US president was asked by a reporter on Wednesday about what he knew about Burnham, the former mayor of Greater Manchester who is poised to succeed Keir Starmer in Britain’s latest leadership shake-up. “I don’t know anything. I see that he was, I guess, the mayor of a town. I hear he’s extremely...

Iran's neighbor, U.S. ally: What Pakistan gains from being a peacemaker

Pakistan's efforts to bring an end to the conflict in the Middle East are driven by the need to avoid a spillover across its borders.

Hong Kong parents may lose battle over daughter Lily amid fight for baby Danny

Hong Kong social welfare authorities have classified baby Danny as a “high-risk” child and recommended he remain in protective care, while Sweden has moved to permanently transfer custody of his elder sister Lily to a foster family, according to the children’s parents. The developments come ahead of a hearing at West Kowloon Juvenile Court on Friday over a protection order for Danny, the two-month-old whose home birth and delayed registration triggered a child neglect investigation earlier this.

Iran declares new Hormuz route 'unacceptable and dangerous,' warns against ships transiting without approval

The stern warning underscores Tehran's resolve to retain control over the Strait of Hormuz and to resist transits that bypass its authorization.

Is a 401k that isn’t matched worth it??

Just a bit of context…. My company provides me with a pension so they don’t match the 401k, but do offer it. That being said the packages in their 401k look awful. So I’m just wondering if putting money in the 401k is even worth it. Sorry if this question has been asked before. Thanks! 🙏 submitted by /u/Smokedj23 [link] [comments]

Trump opens 250th US birthday party with a campaign-style rally

US President Donald Trump opened 16 days of celebrations for America’s 250th anniversary Wednesday with a rally-style speech – turning a national commemoration into a highly politicised showcase for his second-term agenda. The address, on Washington’s National Mall, underscored how Trump has reshaped the anniversary around his own brand of politics and showmanship, blurring the line between official celebration and campaign-style spectacle. The Republican leader eventually invoked the grand...

Investors still seek a human touch even with AI tools at hand: HSBC

Investors are still turning to the judgment of a professional adviser in their last investment decision, despite using AI tools, a HSBC survey found.

Nikkei, Kospi & Co.: AI optimism on East Asian stock markets – strong profits

The share prices of Asian AI suppliers are very volatile this week. After losses on Tuesday, there are significant gains on Thursday. The price of oil falls below $70 a barrel.

Steep, open, huge: these are the craziest cable cars in the Alps

Whether open, rotating or nostalgic: In these cable cars in France, Italy, Switzerland, Austria and Germany, the journeys to the summit are the real experience.

India catching up on China's arsenal with focus on longer-range weapons

South Korea's AI chip boom spills into property market

Hong Kong booksellers arrested for alleged security law violations

SoftBank chipmaker Arm hits 50% share in top AI data centers: exec

Trump meets munitions makers amid push to replenish weapons stockpiles

Pentagon negotiators are pressing contractors to move much faster to boost output.

Meeting in Berlin: Merz and country leaders discuss finances

Municipalities and states are calling loudly for relief. Will there be progress at the meeting in Berlin? Other topics are also on the agenda.

Wang Fuk Court blaze not first of its kind, ‘except in magnitude’, expert says

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. An independent committee will wrap up hearing testimony from experts on the factors behind Hong Kong’s deadliest fire in decades, with the legal representatives to make their closing remarks in mid-July. Polytechnic University professors Asif Usmani and Jiang Liming are scheduled to testify at the final session of a public evidential hearing on...

Chancellor travels to Gdansk: Reconstruction conference: Tusk stands to help Ukraine

A meeting about aid to Ukraine in Poland is not a good thing; there is a dispute with Kiev. But Polish Prime Minister Tusk is making good weather as co-host.

AI group: Anthropic accuses Chinese company of copy attack

The AI ​​company Anthropic is considered the fiercest rival of ChatGPT developer OpenAI. Now her accusations towards China could create new fuel between Washington and Beijing.

Digital insight: More data wirelessly: Easier moving from iPhone to Android

Alarm clock times, WiFi access, even iMessage chats: switching from iPhone to Android becomes much easier with Android 17. Why this is the case, how it works - and who still has to wait.

SK Hynix surges 11% after filing for blockbuster Nasdaq listing

Shares of South Korean chip giant SK Hynix surged 11% on Thursday after the company said it is seeking to raise as much as $29.4 billion.

+++ Ukraine War +++: Zelensky announces preemptive strikes against Russian facilities

Power outage in Crimean city of Sevastopol +++ Lavrov insists on agreements reached at Alaska summit on Ukraine +++ Dead after drone attacks in eastern Ukraine +++ The news blog.

Is Malaysia risking its world-class coral reefs for offshore oil?

Every booking inquiry that lands in dive operator Richard Swann’s inbox these days carries the same undertow of anxiety. Before his clients commit to a dive trip off Kota Kinabalu, they want reassurance: are Sabah’s reefs still worth the journey? It is a question that would have seemed strange a generation ago, when the waters off Malaysian Borneo were simply assumed to be among the finest on Earth. Now it is one of the first things visitors ask and the answer, according to a new environmental..

Health: Are new rules for organ donations needed?

Thousands of seriously ill patients are urgently waiting for a kidney or a liver. In order to achieve more transplants, a far-reaching change will again be an issue in the Bundestag.

The "you can't beat the market" crowd is the funniest contradiction in finance

"It's priced in." Priced in by who? Nobody knows the correct price of anything. A stock price is just where the last trade happened. That's it. There's no machine calculating what things should be worth. And no, the market doesn't magically add up everyone's information and spit out the truth. Most people trading aren't even expressing a view on value. They need cash, got margin called, are rebalancing, whatever. That's not wisdom of the crowd. That's plumbing. "Active managers underperform." Ye

Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming

Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.

Celebration of 250 years of the USA: Trump opens US anniversary celebrations with self-praise

Donald Trump gives the starting signal for the USA's anniversary celebrations. But instead of looking back in detail at its 250-year history, he primarily praised his own politics in his speech.

Rescue work underway after quakes rock Venezuela, 'high casualties' likely

A magnitude 7.2 earthquake struck about 100 miles west of Caracas, with a magnitude 7.5 tremor hitting less than a minute later, according to the U.S. Geological Survey.