Finance news

Armament: Safer to the front: Airbus is planning unmanned helicopters

The war in Ukraine is forcing helicopter manufacturers to make new developments. The Airbus subsidiary Helicopters is expanding production and even convincing the US Army with its concept.

AirAsia to bring back suspended flights by September as fuel costs ease

Taiwan launches five-day 'immediate combat readiness' drill

Vietnam cosmetics startup targets China's $27bn market

SK Hynix surpasses Samsung as South Korea's most valuable company

Japan's JERA to build large gas-fired plant for US data center for $3bn

Shipping stalls in Strait of Hormuz after Iran declares key waterway closed again

The update comes even as industry trackers showed Iranian tankers have continued to sail through the strait.

Reader question: Is the state setting a good example when it comes to energy-saving renovations?

In order to achieve the climate goals, numerous buildings in this country must be modernized. But the former goals are becoming more and more distant.

Zac Efron trades Hollywood for an off-grid ‘Futurecave’ house made of hemp in Australia

Actor Zac Efron has bid farewell to Hollywood in favor of building a unique off-grid retreat made almost entirely of hemp on a remote plot of land in Australia.

The late Diane Keaton’s ‘Pinterest’ house in L.A. is relisted with a big price cut

Actress Diane Keaton’s final home has returned to the market with a significant discount, just weeks after its previous listing was taken down.

UK PM Starmer resigns as Britain faces its seventh leader in 10 years

Iran War: Oil prices fall – first progress in negotiations between the USA and Iran

After initial negotiations between Washington and Tehran, the price of oil fell noticeably. Investment strategists report confidence in the markets.

Climate study: State acted in a way that was harmful to the climate with subsidies during the energy crisis

According to a study, government relief between 2022 and 2023 primarily benefited oil and gas. The aid therefore acted like permanent fossil fuel subsidies and damaged the climate.

Government crisis in London: British Prime Minister Starmer announces resignation

The entry of his biggest rival into parliament costs Prime Minister Keir Starmer his office. The Labor leader had already moved from one crisis to the next in recent months.

Daniel Stelter: We need more billionaires

According to Piketty, historically there have only been two ways to make wealth distribution more equal: wars and taxes. Renowned economists disagree. A guest post.

Dax current: Dax starts just above the 25,000 point mark - shares in demand by index newcomers

On Monday, investors will look to further developments in the Middle East and an appearance by the head of the ECB. Can the German leading index maintain the 25,000 point mark today?

British PM Starmer announces resignation

U.K. Prime Minister Keir Starmer on June 22 announced his plans to resign after months of internal party turmoil eroded his authority. The departure is likely to trigger a leadership contest and deepen political uncertainty in one of Ukraine's most vital allies. submitted by /u/KI_official [link] [comments]

Keir Starmer Resigns as Prime Minister

submitted by /u/Emergency_Gene_4171 [link] [comments]

Mainland ride-hailing giants back Hong Kong plan to cap permits at 10,000

Two mainland Chinese ride-hailing operators in Hong Kong have backed a controversial plan to regulate the industry by capping vehicle permits at 10,000, a figure the city’s largest American business chamber considers insufficient. In submissions to the Legislative Council on Monday and in recent days, Amap and Didi Chuxing said they supported the Transport and Logistics Bureau’s proposed cap as part of a new regulatory regime scheduled to be passed by lawmakers in July. Amap said the...

Great Britain: British Prime Minister Keir Starmer announces resignation

British Prime Minister Keir Starmer has announced his resignation.

Pension reform: 33 suggestions, no surprises - and that's precisely why it's so important

The Pension Commission's recommendations demand something from everyone - and go in exactly the right direction. Now the government should implement it without compromise. A comment.

Starmer resigns, making way for UK’s seventh prime minister in a decade

Keir Starmer announced his intention to step down as Britain’s prime minister on Monday, succumbing to intense party pressure as his popularity plummeted and rivals have manoeuvred to challenge him. “Every decision I have taken has been about putting the country I love first. That is why I will resign as leader of the Labour Party,” an emotional Starmer said in a short speech outside 10 Downing Street in London. Starmer, who up until Monday had resisted calls to stand aside, said he would remain

Great Britain: Starmer announces resignation as prime minister

After just two years at the helm, Keir Starmer is stepping down. The pressure on the British Prime Minister had recently increased following election defeats and weak economic development.

Singaporean man traumatised over ex-schoolmate’s AI photos of them as family

At first glance, the images looked like those of a happy family in Singapore. There were photos of the couple during their school days and on dates, the woman pregnant and the man holding their supposed newborn with a caption that read: “My boys”. Except the family did not exist – the images were all AI-generated. The man in the photos did not even know about them until a friend alerted him in December last year, The Straits Times reported on Sunday. In real life, he was not married or in a...

Armaments industry: The federal government has agreed with owner families to join KNDS

The federal government joins the tank manufacturer KNDS, and all agreements with the previous owners and the company are in place. Now the IPO can take place.

What retail apocalypse? Southeast Asia’s malls are sitting pretty

A cursory look at the ranking of the world’s largest shopping centres shows the scale of the decline in the US retail property market. The US has only one, the Mall of America near Minneapolis, Minnesota, among the top 20. This is not surprising given that virtually no shopping centres were built in the last two decades. A succession of shocks – which included the disruptive impact of e-commerce, the financial woes of department stores that served as anchor tenants for most malls and the damage.

1 year in prison for gang member who forced 2 Thai women into prostitution in Hong Kong

A Hong Kong court has sentenced a 70-year-old gang member to a year in prison for forcing two Thai women into prostitution, after they fell for job scams claiming to be hiring massage therapists and were trafficked from Thailand to the city in 2023. The District Court heard on Monday that Chiu Hon-leung ordered other gang members to lock the two women in a flat in Yau Ma Tei’s Temple Street and forced them to engage in sex work after they arrived in Hong Kong on February 7, 2023. The two women,.

Analysts Warn China’s Oil Demand May Never Fully Recover

China’s crude oil imports could remain permanently depressed, energy analysts have predicted, citing demand destruction resulting from the electrification of transport in the world’s largest oil importer. “Consumer behavior can be a bit sticky,” according to Lin Ye, vice president of oil markets at consultancy Rystad Energy, as quoted by Bloomberg. “For those who shifted to electric cars during the war, there might be little reason to switch back unless fuel prices become substantially cheaper.”

Climate change and nuclear power: France's legacy reactors deliver

France is further along in decarbonization than Germany. The German side should refrain from spreading fairy tales about the nuclear power plants and their widespread failure in the summer.

+++ Ukraine War +++: Russia closes Crimean bridge to car traffic - Ukrainian attacks paralyze oil supplies

Gasoline sales stopped on annexed peninsula +++ Russia fends off dozens of drones over Moscow +++ Dead after Russian attacks in several places in Ukraine +++ The news blog.