Finance news

◇ unclassifiedmiddle-east · russia · usa

Adani Targets 10 GW Nuclear Power Capacity in India by 2035

Adani Group, the conglomerate of Indian billionaire Gautam Adani, could become India’s biggest private nuclear power capacity developer within a decade, targeting 10 gigawatts (GW) by 2035, as India opened its civil nuclear power sector to private investment. “Our entry into nuclear energy through Adani Atomic Energy is another confident step towards securing India's long-term energy future,” Gautam Adani said at the annual general meeting of Adani Group on Wednesday. “With land identified and a

23d06/24⚠ war-conflict · 2/5

Tech companies would have to pay AI data center energy costs under bill moving in Congress

A House subcommittee may advance legislation Wednesday to make tech companies pay the energy costs for operating data centers to power AI.

◇ unclassifiedusa

Insurance: Ship insurers expect high losses from the Iran war

The industrial insurer Allianz Commercial is also affected by claims. More than 1,000 ships are still stuck in the Persian Gulf.

◇ unclassifiedgermany · europe · uk

Energy: Electricity prices reach highest value of the year due to the “heat lull”.

Little production in the evening, but high demand: The heat wave in Europe is causing fluctuations in electricity prices. But experts don't think this is a problem.

Here’s what happened after 17 other one-day plunges in semiconductor stocks over the last 15 years

Microchip stocks tumbled on Tuesday, but a look at similar one-day downturns in the semiconductor sector shows such declines are often fleeting.

◇ unclassifiedusa

Energy industry: Raids around former Gazprom subsidiary

The energy company is suspected of sabotage. Searches have now been carried out in Berlin and Frankfurt. The backgrounds.

Ifo business climate: Something is moving in the industry

The Iran war has had less of an impact on the German economy than expected. In the Ifo business climate survey, companies reported a better business situation in June.

◇ unclassifiedchina · asia · usa

Reducing fire risk to zero would cost huge amount, Tai Po blaze inquiry hears

Requiring that only incombustible materials be used for large-scale renovations at housing estates is unrealistic and fails to take into account risks that arise after prolonged use, a public inquiry into Hong Kong’s deadliest inferno in decades has heard. The use of polyfoam boards to seal windows was among five key factors that led to the death toll of 168 people at Wang Fuk Court in Tai Po last year, experts said at the public inquiry session on Wednesday. An expert appointed by the...

◇ unclassifiedchina · asia

How Indonesia’s coal policies left its own citizens in the dark

A wave of power outages across Indonesia’s Java island has left millions of residents and business owners in the dark, igniting public fury and raising questions as to how the world’s largest coal exporter is failing to keep its own lights on. The answer, analysts say, lies less in a coal shortage than in the rules and incentives governing who gets to buy it, at what price and when. Hours-long blackouts since last week have disrupted the lives and businesses of millions of subscribers of...

Child and youth protection: Principles for social media from the age of 13

The government wants to better protect children and young people online. What suggestions a commission of experts makes.

23d06/24⚠ war-conflict · 2/5

ISW Special Report (June 23): Iran’s post-war strategy involves taxing Strait of Hormuz, military restructuring, and a surprising leverage in Lebanon.

The Institute for the Study of War (ISW) just dropped a critical special report outlining Iran's strategic pivots following the recent military escalations. It looks like Tehran is moving fast to institutionalize its gains, exploit diplomatic loopholes, and fix its internal command vulnerabilities. Here are the key takeaways from the report: 1. The Strait of Hormuz "Tax" Scheme: Iran is pushing Oman to establish a joint mechanism to manage the Strait of Hormuz. Their goal? To start imposing "ser

Social◇ unclassifiediran · israel

Travel advice changed: The Foreign Office no longer advises against traveling to Dubai

Because of the Iran war, holidaymakers were warned against traveling to the Gulf region for several months - at the beginning of May this was already weakened for several countries. Now again. What that means.

Business ticker: Rheinmetall share price falls by 17 percent

Reaction to frigate deal +++ Ifo index increases after Iran agreement +++ Meta appoints entrepreneur Kunal Shah as WhatsApp boss +++ News in the company live blog.

South America: Close presidential election in Peru – candidate Sanchez raises allegations of manipulation

After almost all votes have been counted, the conservative presidential candidate Fujimori is ahead of her left-wing rival Sanchez with 49.89 percent in the Peru election with 50.11 percent. He accuses the electoral authority of irregularities.

Comment: Things can't get any worse with the railway

The state-owned company rushes from one negative record to the next. The latest technology outage affected tens of thousands, but there is no improvement in sight. What else helps?

◇ unclassifiedchina · asia · russia

China’s telecoms giants bet on ‘air-space-ground-sea’ networks for future AI needs

China’s telecoms giants are pushing for “air-space-ground-sea” networks amid Beijing’s push to expand artificial intelligence infrastructure, as SpaceX’s market debut has ignited the industry’s focus beyond the Earth. At the opening of the Mobile World Congress (MWC) Shanghai on Wednesday, telecommunications executives framed the next phase of infrastructure as one that needs to encompass both the skies and oceans to meet skyrocketing demand for AI computing. Wang Tao, rotating chairman of...

This disease is more expensive than cancer and heart disease combined. And it’s only going to get worse.

“People should be alarmed. This is a health crisis. It’s also an economic crisis for families and government,”

◇ unclassifiedusa

◇ unclassifiedgermany · europe · uk

Stock market: Chip company Hynix wants to raise $29 billion with a US secondary listing

Hynix wants to use the income from the secondary listing primarily to expand production capacities. The company also hopes to gain greater attention from US investors.

Armament: F126-Aus is a massive financial hit for Rheinmetall - forecast for the naval division is shaky

The arms company has high hopes for the project. The medium-term sales forecast could now be shaky. The end also has financial consequences for company boss Armin Papperger.

◇ unclassifiedusa · europe

France suffers major power outage as Europe sizzles in record-breaking heat

A heat-related power outage left around 68,000 homes without electricity in western France as record-breaking heat sweeps Europe.

Pension reform: Institutes close to the trade unions calculate: capital pensions cost one percent growth and 250,000 jobs

Additional contributions for the planned capital pension could slow down the development of the economy. Two commission members also admit this – and suggest alternatives.

Budget deal ‘not so easy,’ admits Dombrovskis

MEPs have demanded a bigger budget, many capitals want to spend less

◇ unclassifiedeurope

Armament projects: Ministry of Defense declares end of frigate F126

First the flop with the German-French air combat system FCAS, now the end for the F126 frigate project. Within a few weeks, two major projects collapsed, albeit for different reasons.

23d06/24⚠ war-conflict · 2/5

Tunnel construction: Dispute over flower pots: entrepreneur Herrenknecht threatens to relocate parts of the plant

Around 20 flower pots were placed on the streets leading to the machine manufacturer's factory premises. Owner Martin Herrenknecht is resisting this – and is now considering further consequences.

Crime: Raids around ex-Gazprom subsidiary - suspected sabotage

Raids in Berlin and Frankfurt: Did a Russian suspect want to slow down the German gas supply? The investigators suspect targeted sabotage attempts involving the former Gazprom subsidiary.

Electromobility: With these seven tips, you can have a successful vacation with an electric car

Even long vacation routes can be easily managed electrically. However, a little preparation makes sense. Seven tips for a relaxed journey.

◇ unclassifiedchina · asia · russia

Ukraine drones knock out power in Russia-held Crimea’s biggest city

Ukrainian drones knocked out power in Sevastopol, the biggest city in Russian-held Crimea, on Wednesday and targeted facilities in central and southern Russia, local officials said, underscoring the reach of Kyiv’s attacks on energy infrastructure. Ukraine has intensified strikes on Russian oil refineries, depots and supply routes this year, pushing up petrol prices in Russia, where ‌authorities have limited sales in some regions. Fuel shortages have been particularly acute on the Crimean...

◇ unclassifiedchina · asia

Morgan Stanley raises China humanoid robot shipment forecast to 50,000 units

Morgan Stanley has again raised its forecast for China’s humanoid robot shipments this year, lifting its estimate to 50,000 units from 28,000 as commercial validation, policy support and supply-chain momentum accelerate adoption. The investment bank had already doubled its projection to 28,000 units in January. In a report published on Tuesday, it said the latest upgrade reflected a growing number of Chinese companies, including electric-vehicle maker Xpeng, announcing plans for mass production.