Finance news

North Korea’s premier heads to China for defence treaty anniversary as allies extend thaw

North Korean Premier Pak Thae-song will arrive in China on Friday for a three-day trip to mark the anniversary of a friendship treaty between the two countries, in another sign of improving ties between the two traditional allies. This year is the 65th anniversary of the signing of the China-North Korea Treaty of Friendship, Cooperation, and Mutual Assistance, Beijing’s only formal defence pact, and Pak will be at the head of a party and government delegation. “China and North Korea are...

Oil Price Surge Shows Markets Were Too Relaxed About Iran Deal

Wednesday’s jump in oil prices to a two-week high suggests that market participants were too complacent about the U.S.-Iran ‘deal to make a deal’ and that the ceasefire would hold and oil flows through the Strait of Hormuz would only increase, analysts at ING said on Thursday. Oil prices surged by over 5% on Wednesday, gaining 7% at one point to a two-week high, after the escalation in the region. The Iranian attacks on three commercial ships on Tuesday, including an oil tanker and an LNG carrie

+++ Ukraine War +++: Ukrainian Air Force reports Russian attacks

Melnyk: Trump's patriot assurance has a great signal effect +++ Oil facilities in Russia under attack again +++ Ukraine: Twelve Russian tankers attacked in the Sea of ​​Azov +++ The news blog.

South Korea delivery drivers lose legal fight for bargaining rights

India's Skyroot says it can build a space rocket a month as launch nears

Uniqlo owner Fast Retailing set to overtake H&M after strong Q3 sales

Hong Kong's Mideast pivot and China's AI persona woes

Australia and India seal uranium export pact, boost defense ties

Nikkei 225 to add information and communications sector

Insolvencies: The number of company bankruptcies is higher than it has been in 21 years

No industry is safe from a wave of bankruptcies. Bankruptcies continue to rise sharply. There is no improvement in sight for the coming months either.

Buy a car or lease another through a company?

I'm currently leasing a car through AG for 0.5% of the list price - all inclusive, just put the car back in the yard and get a new one. Refueling/charging costs a flat rate of €100 per month. All-in ~€500 from the net. Now I'm wondering whether buying would be cheaper. For example, there is a Caddy Maxi Style, 15k down, one year old, 41k. If I invest the money in the all world, the calculated return after taxes would be €200. Refueling would then be more like €100 more than the flat rate. Copilot says depreciation, insurance

US-Iran ceasefire collapse revives risks of global inflation

China called on the United States and Iran to stick with peace plans after a resumption of missile strikes in the Middle East spurred a jump in oil prices. “Reigniting the conflict does not serve any party’s interests,” a spokesman for China’s Ministry of Foreign Affairs said on Wednesday. “We call on the US and Iran to follow through on their memorandum of understanding, resolve disputes through dialogue and negotiation, and avoid resorting to force.” Brent crude, the global oil benchmark, rose

Former Dallas Cowboys cheerleader Reece Weaver buys $750,000 home in Alabama after sudden exit from squad

Netflix sensation and Dallas Cowboys Cheerleaders darling Reece Weaver has already turned the page on her time with the team—and planted new roots in the state of Alabama

Indonesia blocks 4.8 million underage social media accounts but are kids any safer?

Indonesia’s attempt to keep children aged under 16 off social media platforms deemed high risk has quickly become one of the world’s biggest tests of online safety regulation, with more than 4.8 million suspected underage accounts removed or deactivated in the first three months of enforcement. For President Prabowo Subianto’s government, the figures are an early sign that major platforms are falling in line with its policy aimed at making the digital world safer for children. Communications and

Starting to invest as a 16 year old

So, my dad recently helped me open an investment account, and I’d love to hear your advice and experiences. What helped you the most when you started investing, or what do you wish you’d done differently? I have about $550 saved up that I’m planning to invest. Thanks for your replies! submitted by /u/Trixikk_ [link] [comments]

Fashion group: Boss rejects offer from major shareholder Frasers as inadequate

Hugo Boss rejects the takeover offer from major shareholder Frasers Group as too low. The board recommends that shareholders not accept the offer of 38 euros per share.

AstraZeneca stock dives 9% after heart drug trial misses target

A late-stage clinical trial failed to miss its primary endpoint, U.K.'s laregst drugmaker said Thursday.

Company bankruptcies: The number of company bankruptcies is higher than it has been in 21 years

According to the IWH insolvency trend, there were 1,702 company bankruptcies in June alone. The situation is difficult: the bankruptcies are affecting the economy across the board.

Why the world’s best-performing stock market this year fell into bear territory

The Kospi fell more than 5% on Wednesday, which brought it 20% below its June 19 record high, according to LSEG data.

Flight on vacation: hand luggage: what is allowed and what is not?

Many travelers feel hectic before the security check. Drink up the water bottle quickly! And crap: the nail scissors are in the backpack instead of the suitcase. But that doesn't have to be a problem.

176 child abuse cases in 5 months after start of Hong Kong’s new reporting regime

Hong Kong authorities have recorded 176 reports of suspected child abuse involving 188 children in just over five months of the city’s new mandatory reporting regime, with sexual abuse accounting for the largest share of total victims. Secretary for Labour and Welfare Chris Sun Yuk-han revealed on Thursday the number of reports logged by the end of last month since the requirement for 25 professions to report serious suspected child abuse took effect on January 20. Out of the 188 children...

Heat in summer: This is what you should consider when installing an air conditioning system

Persistent heat waves become a burden – especially in old buildings. But costly mistakes can occur when purchasing and installing air conditioning systems.

Energy: “Radical change necessary”: EU wants faster transition to electricity

Because the decarbonization of the European economy is starting too slowly, the EU wants to set an electrification target. This is shown by an internal document. But there is disagreement about the details.

7-Eleven made $349 million from surge in gasoline prices in the U.S. last quarter

Convenience store operator 7-Eleven on Thursday disclosed a $349 million profit from the surge in gasoline prices during the last quarter, even as fewer Americans filled their tanks.

Amundi 2x Nasdaq ETF - Don't panic! It's just the 1:200 split

FYI to everyone who invests in the Amundi Nasdaq-100 Daily (2x) Leveraged UCITS ETF (A0LC12). The portfolios should currently be 99% in the red. These are not real losses, but the split of 1:200 that is currently being technically implemented. Then you have 200x more shares at 1/200 of the value in the depot >>> value impact 0 euros. Give your broker a little time to implement this technically. Here is the official announcement from Amundi from June 9th. https://s.wmdaten.de/?d=14326.# ​ submitted by

Economic situation: German exports rise for the fourth month in a row – “But no trend reversal yet”

The export figures are surprisingly robust. Exports to China and the USA are increasing again. Import numbers, on the other hand, are declining.

Super Typhoon Bavi: dozens of Hong Kong flights cancelled as storm nears Taiwan

Dozens of outbound flights from Hong Kong to Taiwan, mainland China and Japan originally scheduled for later this week have been cancelled due to Super Typhoon Bavi, with some local carriers offering special arrangements for affected passengers. A South China Morning Post check found that more than 40 flights – operated by Cathay Pacific Airways, HK Express, Hong Kong Airlines and Greater Bay Airlines – had been cancelled and 10 delayed to Sunday. The affected routes span destinations ranging...

Car manufacturing: Day of action at VW has begun - first protest in Osnabrück

Deep cuts are planned at Volkswagen and there is a risk of plant closures. The employees don't want to accept this. There are protests nationwide today - Osnabrück started them all.

ETF strategy works - millionaire overnight

Do you wake up and when you look at your portfolio in the morning you realize that your investment strategy in ETFs (especially MSCI World) is working and FIRE is within reach 🚀 . . . Unfortunately it's just a display error because the 2x NASDAQ ETF was split 1:200 and the additional shares are booked. The courses are therefore not yet calculated correctly. submitted by /u/Realchemist89 [link] [comments]

Gas market: Gas is scarce: Why the situation is worse than with oil

The price of gas has risen by more than eleven percent since the renewed escalation in Iran. Key producer Qatar Energy is also struggling to restart its gas plants.