Finance news

Reliance Jio to file documents for IPO, expected to be India's largest

Preparing for potential North Krea opening in the next 10 years

Hey all, I'm Korean (South) and honestly think there's a chance North Korea opens up within the next decade. If it happens, there can be big opportunity window - infrastructure rebuilding, resource development, tourism, banking, you name it. Then, what can be done to seize the opportunity? What would you do if North Korea open its economy? submitted by /u/Jellyjellysweet [link] [comments]

36M, considering FIRE. How would you structure it?

36M, Italian, currently living in Switzerland. ​ Not burned out, but increasingly tired of corporate life (politics, restructurings, general grind), even though my job is objectively relaxed and remote. ​ Thinking of potentially FIRE’ing within 1–2 years. ​ Current situation: ​ - €2M portfolio - 90% VT / 10% Bitcoin - €250k cash (recent property sale) - No capital gains tax in current residence ​ Lifestyle plan: I’d likely move between Latin America and Southeast Asia (Thailand in particular). I

Business ticker: Industrial group Schaeffler is building combat drones with a French partner

US government investigates drug prices in Germany +++ VW supervisory board member Susanne Wiegand quits +++ Apple is planning price increases for its products +++ News in the company's live blog.

Is it just me or Trade republic live calls feel like an AI

I knew they were using LLM to optimize the chat so I called. The voice sounds a bit robotic. submitted by /u/Philanthrax [link] [comments]

Rise of the robots: China releases plan aimed at increasing consumers’ AI options

Chinese authorities will promote the further integration of AI and consumption, according to a plan released by the Ministry of Commerce and seven other ministries. It includes 17 new measures that aim to create new drivers of consumption growth by embedding artificial intelligence in consumer goods, services and the retail and commerce sectors through new smart products, robots, subsidies, infrastructure and standards. “Accelerating the development of ‘AI Plus Consumption’ helps create new...

Memory crisis hits such extremes that 'even Apple can't be safe'

Apple appears poised to take the rare step of increasing prices to deal with what CEO Tim Cook called an "unsustainable" memory shortage.

‘I became invisible when I turned 60’: The hidden crisis of late-career unemployment

A job loss is devastating at any age. After 50, it can completely shatter your finances.

VW Group: Wiegand's exit from VW is a deep insight

The withdrawal of arms manager Susanne Wiegand from the VW supervisory board says a lot about the company. And it's not a good thing. A comment.

EU summit: EU attempts a cautious change of course towards China

Brussels should develop instruments to stop the steeply rising trade deficit without alienating Beijing.

The Fed’s new hawkish reality just forced Goldman Sachs to slash its gold forecast by $500

Strategists at the investment bank see gold rising to $4,900 an oune by the end of the year instead of $5,400.

Cispa: Important cyber center in twilight - CDU demands consequences due to explosive China cooperation

The Handelsblatt has uncovered explosive China contacts of the Cispa cyber center. Union politicians are calling for a stop to funding. The allegations could have even more far-reaching consequences.

Trump picked Kevin Warsh to cut rates. The new Fed chief just told us he has other plans.

Here’s what the central bank’s hawkish agenda means for your money.

Nuclear waste: Return of German nuclear waste completed

With the last Castor transport to Brokdorf, the repatriation of German nuclear waste from abroad has been completed. But what happens to the shining legacy? A final storage facility is still missing.

Arms industry: Schaeffler is building combat drones with a French partner

Until now, Schaeffler was primarily known as a supplier to the automotive industry. The Franconian company now also builds components for the defense industry.

Iran waives Strait of Hormuz fees during 60-day peace negotiation period

⁠Iran’s ⁠Strait of ⁠Hormuz body said on Friday it would waive planned fees to use ‌the strait during a 60-day negotiation period under the memorandum of understanding signed with the United States ⁠this week. Ships seeking passage through ‌the strait while the interim agreement was in ‌force must submit transit requests ⁠at ⁠least 48 hours before arrival, ‌Iran’s Persian Gulf Strait Authority said ‌in a ‌notice. Iran will waive ‌fees for security, safety, ⁠environmental services and related...

Insurance: BaFin sees progress in the costs of life insurance

More expensive protection, lower returns: Despite BaFin pressure and falling costs, some life insurers still charge their customers more than three percent effective costs.

9 arrested after HK$2.7 million in cash, goods stolen from Hong Kong farm

Hong Kong police have arrested nine people in connection with two burglaries at a farm in Tin Shui Wai, with some of the stolen items already pawned in Macau and the total losses exceeding HK$2.7 million (US$344,500) in cash, watches, jewellery and gold. Senior Inspector Lam Ka-kit of Yuen Long district’s crime squad said the suspects, comprising eight men and a woman, allegedly belonged to a syndicate, with each member assigned a detailed role in the burglaries. “The force believes that some...

Libya Draws Oil Majors Back in First Licensing Round in 17 Years

Libya is back on the radar of the world’s largest oil companies, and Washington is trying to turn a fragile military thaw into a new source of crude supply. Libya’s National Oil Corporation has formally signed exploration and production-sharing agreements from its 2025 bid round with international companies including Repsol, Turkish Petroleum, Eni, QatarEnergy, and MOL, marking the country’s first major licensing push in 17 years. In the meantime, Libya’s production has climbed to roughly 1.4 mi

Oil Flows Resume Through Hormuz as Insurers Remain Wary

Politics, Geopolitics & Conflict Everyone is hoping the U.S.-Iran deal holds, but Hormuz is still operating on political trust instead of commercial confidence. The U.S. has lifted its naval blockade; Iran and the U.S. have signed the 14-point memorandum; and tankers have started moving again through the strait (including Saudi supertankers carrying millions of barrels of crude). Still, shipping companies and insurers have to decide whether the route is safe enough to normalize operations. The m

Crude Slides Nearly 9% as Traders Bet on Return of Iranian Oil

August WTI crude oil futures posted a steep decline during the week ending June 19 as traders aggressively removed geopolitical risk premium from the market following a breakthrough agreement between the United States and Iran. The contract traded between a high of $81.00 and a low of $72.83 before settling at $75.22, down $7.22, or 8.73%, from the previous week's close. The selloff extended throughout most of the week as traders shifted their focus from fears of supply disruption in the Persian

Social media declared Cursor dead. Then SpaceX handed the AI startup a $60 billion lifeline.

Written off after the rise of Anthropic’s Claude Code, Cursor now looks to reclaim its crown as a vibe-coding heavyweight with SpaceX’s backing

Japan joins the global craze to field interceptor drones

The interceptor drone systems are expected to be installed by 2027 near radar sites, bases, vessels and other critical locations, the agency stated.

Middle East: Afghanistan attacks Pakistan from the air with drones

In the conflict between neighboring countries, Afghanistan claims to have attacked targets in Pakistan. Pakistan confirms shooting down of drone. The attacks could escalate.

+++ Iran War +++: Netanyahu accuses Hezbollah of breaking the ceasefire

Iran apparently invites IAEA inspectors to nuclear facilities +++ New deaths in Israeli attacks in Lebanon +++ US ambassador shows understanding for Israel's attacks in Lebanon +++ The news blog.

ASML: Chip supplier dismisses US concerns about investment in China

ASML has never delivered an EUV system to China - the company explains this after reports of possible violations. US Secretary of Commerce Lutnick had previously expressed concerns.

Why the Fed’s hawkish stance signals a step-change in U.S. dollar sentiment — and a new direction

Interest rate differentials, growth prospects, demand for capital from AI investment and bumper stock market issuance is generating demand for the dollar and a bullish impulse

Vietnamese sent to South Sudan under Trump’s third-country deportation scheme goes home

A Vietnamese national deported to South Sudan by Donald Trump’s administration under its controversial third-country deportation programme was repatriated to Vietnam on Friday after spending more than a year in detention. South Sudan’s Ministry of Foreign Affairs announced the repatriation of 44-year-old Tuan Phan at a press briefing on Friday. “We are grateful that while in our custody Mr Phan was very disciplined, joyful, and importantly, he remained healthy,” spokesman Agok Anyar said. Phan..

Trade with the EU: How European is Turkey?

Federal Minister of Economics Katherina Reiche visits Ankara. There she emphasizes the common interest that Turkey can at least somewhat qualify as a European industrial producer.

War in the Middle East: How the conflict in Lebanon threatens the US deal with Iran

The start of talks between Washington and Tehran in Switzerland is a long time coming. Meanwhile, the situation between Israel and Hezbollah in Lebanon is heating up. There are deaths on both sides.