Finance news

High costs: How the building minister wants to ensure affordable housing

Serial modular buildings should receive a government funding bonus in the future. Minister Verena Hubertz is also relying on help for affordable housing.

Cabinet discussions: Interior ministers promise to make Germany crisis-proof by 2029

Hybrid attacks and the uncertain world situation have shifted the focus of the interior ministers. It's about civil defense capability.

28d06/19⚠ shipping-routes · 2/5

Hormuz Traffic Stalls as U.S.-Iran Talks Collapse

A day after a rush to exit the Strait of Hormuz started, tanker traffic at the chokepoint is dwindling again as shippers pull back from immediate passage amid the collapsed U.S.-Iran talks before they even began. On Friday morning, no tanker was observed to have moved outbound from the Persian Gulf through the Strait of Hormuz, according to vessel-tracking data compiled by Bloomberg. Donald Trump said, "We didn’t meet out of desperation, Iran did. They are FINISHED! We’ll play out the 60 days. T

◇ unclassifiedmiddle-east · russia · usa

◇ unclassifiedusa · europe · russia

Troop cuts in Europe: Giving away something for nothing

It’s not too late – if Washington is intent on reducing troop levels in Europe, it can still wield this bargaining chip with Russia.

28d06/19⚠ war-conflict · 2/5

AI briefing: The day AI became a weapon

The restrictions at Anthropic were just a foretaste. The USA is ushering in a world in which AI models are guarded like nuclear weapons - with fatal consequences for Europe.

◇ unclassifiedgermany · europe · usa

Rodolphe Saadé: The billionaire of the world's oceans

The shipowner Rodolphe Saadé has benefited from the pandemic. The war in the Gulf hit him hard.

Meetings: everyone pay attention!

Unfortunately, we are increasingly missing something crucial in a meeting: the willingness to listen. A comment.

◇ unclassifiedchina · asia

Could China make a sea-skimming hypersonic missile a real nightmare for the US?

A Chinese hypersonic missile faster than five times the speed of sound, racing just above the sea surface, while staying below the radar horizon. Could this be a new nightmare for the US Navy? Possibly, if a new ambitious low-altitude hypersonic flight research programme launched by the Chinese Academy of Sciences (CAS) on Monday yields results. The programme will look into the technology that could support the development of such weapons. The project, funded under CAS’ Stable Support Programme.

◇ unclassifiedusa · europe

29-year-old making $250k in tech went 'undercover' at a coffee chain before opening her own matcha cafe

Michelle Yeung wasn't happy in tech, despite earning $250,000 a year. Before opening Matcha House, she spent months learning the business.

◇ unclassifiedmiddle-east · russia · usa

Oil Markets Need More Than a Peace Deal to Recover

The Iran framework agreement gave an immediate boost to markets, with shares rising and oil prices dipping. But whether this translates into durable economic gains will largely depend on shipping in the Strait of Hormuz. There were signs of traffic beginning to revive on June 18 in the hours immediately after the US and Iranian presidents signed a memorandum of understanding to end the war, according to Windward, a maritime intelligence company. Speaking in an online briefing, Windward chief ana

The loneliness crisis has gotten so bad that lawmakers are ready to spend millions of dollars to fight it

The health damage of loneliness is similar to heavy smoking and obesity

Consumer Protection Minister: Countries are urging faster closure of fake shops

Fake shops make shopping risky. The states want more speed in blocking fake sites - and see the federal government as having a duty. They also want more consumer protection at e-charging stations.

Chip stocks are setting records, but this hidden chart pattern says momentum favors the bears

The SOXX’s RSI indicator has fallen further below the overbought threshold despite prices making record highs. History suggests that’s a bad sign.

◇ unclassifiedmiddle-east · usa · germany

Venture Global Bags New LNG Supply Contract from EnBW

Venture Global executed new agreements to supply about 0.82 million metric tons per annum of U.S. liquefied natural gas for 5 years to Germany's EnBW.

28d06/19⚠ war-conflict · 2/5

Middle East: New ceasefire between Israel and Hezbollah in Lebanon

After deadly attacks on both sides, a new ceasefire appears to be in effect between Israel and the Lebanese militia. Iran had previously threatened to take tough steps.

◇ unclassifiedgermany · europe · middle-east

◇ unclassifiedchina · asia

Will hosting Hyrox World Championships add muscle to Hong Kong’s tourism trade?

Hosting the Asian debut of the Hyrox World Championships could bring more high-spending visitors to Hong Kong and the city’s selection as host may have been driven by its proximity to the vast mainland China market, experts have said. The announcement that the pinnacle event of the fitness race would take place at the AsiaWorld-Expo in June next year was made on Thursday in Sweden, which is hosting the championships this weekend. An estimated 1.5 million athletes are expected to have competed in

Private bank: Bafin has the entire management of Berenberg Bank dismissed

The heads of the private bank are no longer allowed to exercise their functions with immediate effect. The reason is possible violations of corporate governance rules. Now an old friend runs the business.

◇ unclassifiedmiddle-east · usa

Energy Transfer to Expand Texas NGL Export Terminal

'The project will increase ethane export capacity at Nederland by 240,000 barrels per day, along with 55,000 bpd of additional LPG capacity'.

28d06/19⚠ war-conflict · 1/5

Trump insists he won ‘unconditional surrender’ from Iran

He just didn't say who surrendered to whom... submitted by /u/RBZRBZRBZRBZ [link] [comments]

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28d06/19⚠ war-conflict · 1/5

Israel and Hezbollah agree to ceasefire, US official tells BBC

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

Social◇ unclassifiedisrael

Major Italian bank: Unicredit extends takeover offer for Commerzbank

Unicredit is keeping the pressure on Commerzbank high. According to their own information, the Italians already have almost 40 percent.

Great Britain: Pressure on Starmer is growing: Labor politician Burnham secures parliamentary seat

The mayor of Greater Manchester has clearly won the by-election in Makerfield, northern England. Burnham intends to challenge Prime Minister Starmer as Labor leader. To do this, he first had to secure his seat in the lower house.

◇ unclassifiedgermany · europe · iran

US-Iran agreement: In Israel they call the Iran deal “glorious failure”

Benjamin Netanyahu's government has failed to achieve its war goals in Iran. There is talk of “surrender”. Some are already betting on Donald Trump's volatility again.

Homeowners tapped $47 billion in equity in the first quarter. What to consider before you borrow

While high home values mean homeowners are sitting on an estimated $11 trillion in equity, it should not be viewed as free money, experts say.

◇ unclassifiedmiddle-east · russia · usa

Beijing Steps Up Scrutiny of Indium Exports as AI Chip Demand Soars

China has started scrutinizing more carefully its exports of indium, an element that is key to making high-speed chips for AI data centers, raising concerns that export curbs could follow as Beijing has done with other critical minerals. Indium, a silvery-white metal named for its indigo blue line in the atomic spectrum, is not on any of China’s export control lists. But several buyers and customers have flagged to Reuters that they have recently faced increased checks and scrutiny by the Chines

◇ unclassifiedgermany · europe · uk

13-point plan: More digital and faster – Hubertz wants to reduce construction costs

There is a shortage of around one million apartments in Germany, and affordable housing is particularly scarce in cities. The construction minister is now presenting an action plan.

‘We are habitually frugal’: My wife and I have money. How do we help our children without ruining their independence?

“Partly due to some mental-health issues, they may continue to go through life living paycheck to paycheck, or worse.”

28d06/19⚠ war-conflict · 2/5

Ukraine war: EU divided: who should talk to Putin?

The EU Council President puts out feelers to Moscow - and is whistled back by Merz and Macron. This doesn't go down well with all 27 members. Who should be the voice of Europe now?

◇ unclassifiedgermany · europe · russia