Finance news

VLCC Earnings Near $470,000 a Day as Hormuz Hopes Drive Tanker Frenzy

Oil tanker rates have soared since the U.S. and Iran announced the memorandum of understanding as oil importers scramble to charter vessels to pick up Persian Gulf cargoes in the hope these can transit the tentatively reopening Strait of Hormuz. One tanker has been provisionally booked to ship crude from the Persian Gulf to India at a rate that’s nine times the benchmark for the route, shipbrokers told Bloomberg on Wednesday. South Korea’s Sinokor shipping group, which before the war went on a b

Trump offers Iran an economic lifeline — with strings

Iran has seen a speedy rebound in oil exports after the US-Iran deal granted immediate waivers on US sanctions. Relief on frozen assets and a $300 billion reconstruction fund now hinge on Tehran meeting key conditions.

Medicines: Stada strengthens its nutritional supplements business through acquisitions

For Stada, it is the first takeover under the direction of the new majority owner. Orifarm wants to concentrate on its core business with prescription drugs and generics.

‘War of words’ won’t stop Iran nuclear inspections, says IAEA

The international nuclear watchdog responsible for verifying Iran’s stockpile of near-bomb-grade uranium dismissed the conflicting signals from Tehran and Washington overnight and said it expects to resume full monitoring at some stage. “There’s a war of words here,” said International Atomic Energy Agency (IAEA) Director General Rafael Grossi, referring to White House statements about monitoring that were disputed by Iran. In Washington on Tuesday, President Donald Trump threatened to halt...

Iran War: Still unclear about nuclear inspections in Iran

First, the head of the UN nuclear watchdog says that the monitoring of nuclear facilities is part of the US-Iranian framework agreement. Then Iran denied it again. But questions about money are still unanswered.

Where is my suitcase?: Tracker for flight luggage: buy it or leave it alone?

Locating your flight luggage for 20 to 30 euros and no ongoing costs - sounds tempting. But how easy is it really to set up and what do airlines say about the batteries that are in the trackers?

35M, 5 years into VWCE only. Thinking about my future steps.

35M, Austrian, working in logistics. 5 years into the standard approach and it's gone fine, just want a second opinion before the next step. My current situation: ~82k total Core is VWCE via monthly Sparplan, the large majority of it ~6% in physical gold (Xetra-Gold), bought in 2022 and left alone since ~4% in a Swiss lending platform Maclear. Started last year, sized as money I could write off Take-home ~3,400 EUR/month after tax, saving ~1,200/month, rent + living ~1,900, no debt Not chasing e

You have health insurance - is the planned pension reform for mini-jobs an unexpected advantage?

If mini-jobbers have to pay contributions to health and nursing care insurance in the future as a result of the reform, does that also mean that you have health insurance through the mini-job? Everything else would be somehow contradictory, right? Otherwise you would be paying into a system from which you would not receive any insurance cover. That would actually be an advantage in my situation. For example, I currently have to pay 275 euros to the voluntary statutory health insurance as a student over 30. If that were the case, that now as a social worker. ve

Blow-ups etc.: This is how you react to road damage caused by heat

Strong heat can damage road surfaces - how to react correctly to warning signs and bumps and who could pay for damage afterwards.

China offers rewards for reporting rare earth export control violations

Beijing is sharpening the tools it uses to police rare earth and other strategic mineral exports, announcing fresh measures that will reward companies and individuals for reporting suspected violations. The announcement came on Wednesday, the same day Tokyo confirmed that two of its nationals had been detained in China over alleged attempts to smuggle rare earth-related goods out of the country. “Any organisation or individual has the right to report conduct suspected of violating relevant laws.

Don Quijote opens Tokyo store in Asakusa focused on overseas tourists

Tokyo Stock Exchange plans upgrade to double trade volume capacity

Thailand's central bank keeps policy rate unchanged at 1%

Malaysia to draft drone industry plan, eyes air taxi services

China detains two Japanese over alleged export control breach

South Korean stocks rebound from sharp fall, Japanese market extends loss

Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year

New Soul: This Berlin chain brings massages from the backyard

In Berlin, many founders want to get started with AI or armaments. Christian Gorgas prefers to focus on Brazilian lymphatic drainage - and wants to build Europe's largest massage chain with New Soul.

Medicines: The pharmaceutical companies of the future are Akeso, Hengrui and Innovent

Chinese drug manufacturers are catching up ever faster - and investing in the latest therapies. Is the pharmaceutical industry threatened with the same fate as the automotive industry?

At Summer Davos in China, Mideast firms look to next generation to repair the Gulf

China may be seen as a potential mediator in the Middle East but economic integration within the region is more likely to drive change there, according to observers at the World Economic Forum’s annual meeting in the northeastern Chinese city of Dalian. The “Summer Davos” gathering in Liaoning province this week comes as Washington and Tehran try to reach agreement on Iran’s nuclear programme and the reopening of the Strait of Hormuz. The two countries have agreed to halt fighting “on all...

Slate Auto says each $24,950 electric pickup truck will be profitable as it aims to be cash-flow positive next year

EV startup Slate Auto CEO Peter Faricy told CNBC that every vehicle the company produces will be gross margin positive.

South Korea’s biggest chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing

The company plans to issue 17.79 million new shares at a value of 45.45 trillion won ($29.65 billion).

Trump claims Iran has assured U.S. there won't be tolls on the Strait of Hormuz

There will be no tolls, insurance costs, or charges of any kind for ships looking to pass through the Strait of Hormuz, Trump said.

Airbus recall: Cracks on A380 wings – 16 jets need to be checked

After cracks were found in wing components, 16 Airbus A380 aircraft had to be inspected at short notice. What it's about.

+++ Federal politics +++: Now live: Merz answers the MPs' questions

Social media: Prien for 13 as the legal age limit +++ Spahn: Left Party must clarify its relationship to violence +++ Capital pension should bring 30 billion per year for the capital market +++ The news blog.

29 arrested in crackdown on loan sharks who charged victims 3,000% in interest

Hong Kong police have arrested 29 people in a crackdown on a loan-sharking and money‑laundering ring that charged victims annual interest rates as high as 3,000 per cent. Police said on Wednesday that the syndicate had set up a secret call centre in Tsuen Wan and posed as licensed finance companies, randomly phoning people in an attempt to lure them into borrowing money. In the process, they extracted personal information, including occupations, repayment ability and family background. Small...

Tesla and Waymo are chasing the robotaxi dream — but the company spending the most to win builds no cars at all

Uber is quietly writing $500 million checks to lock in robotaxis as Waymo threatens to leave it behind.

Singapore aims to lead Asia’s wellness race with US$770 million complex

As Singapore bets on becoming Asia’s leading wellness destination, tourism experts say the city state must prove that its attractions can draw international visitors in a region replete with spas, retreats and hot springs. A S$1 billion (US$770 million) waterfront complex scheduled to open in 2030 is expected to be a major driver of the country’s wellness sector. European developer Therme Group is slated to start work on the project in the third quarter, after being awarded the tender in...

Dario Amodei said in a recent interview that if Anthropic revenue doesn't hit $1 trillion, it could go bankrupt.He explained this depends on massive Al spending

But what about competition from Chinese models ? What about the domestic pricing war or will companies find a hidden way to collaborate on pricing within the U.S.? Dario Amodei said in a recent interview that if Anthropic revenue doesn't hit $1 trillion, it could go bankrupt He explained this depends on massive Al spending. submitted by /u/KoseteBamse [link] [comments]

Woodside Wins Contract to Supply Gas to Alcoa

Woodside executed an agreement with Alcoa to supply the alumina maker with 31.1 petajoules of Western Australian natural gas from 2027 to 2030.