Finance news

Japan's Cosmo sticks with Middle East oil, betting on Hormuz reopening

Did Trump team stop Nippon Steel from shuttering aging U.S. Steel plant?

Markets are set for a much more hawkish Warsh Fed than expected

Fed Chairman Kevin Warsh's tough talk on inflation Wednesday reverberated through financial markets.

Russia: How the Russian central bank chief's sick note becomes a political issue

Elvira Nabiullina was not seen for weeks, fueling the narrative of a conspiracy within the Russian elite. However, experts classify the case more soberly.

Trump and Netanyahu Have Really Stepped in It Now

Israel and the United States both know there are limits to their military power, but they don’t seem to know — or remember, anyway — precisely where those limits are. submitted by /u/IllIntroduction1509 [link] [comments]

US Air Force awards first CCA production contracts to General Atomics, Anduril

The U.S. Air Force has cleared its first Collaborative Combat Aircraft to enter production.

Azerbaijan Moves Into Uzbekistan’s Fast-Growing Mining Sector

Azerbaijan and Uzbekistan are strengthening economic connections, signing a variety of agreements covering mining, banking and tourism. Uzbek Prime Minister Abdulla Aripov and his Azerbaijani counterpart, Ali Asadov, presided over a signing ceremony on June 16 in Tashkent of a cooperation agreement under which the two countries will jointly develop an Uzbek gold deposit as well as other mineral resources. Ural Yusupov, Uzbekistan’s deputy mining minister, previously indicated that Tashkent was i

I’m 55 and retiring in 6 years. Should I be switching to Roth 401(k) now?

People are still holding back on participating in Roth plans at work, Vanguard says.

NATO meeting: Ukraine receives billions in military aid commitment

Ukraine is currently on the rise in its defensive battle against Russia. Can further promises of support improve the situation further?

Vance says U.S. isn’t giving Iran ‘a cent’ as he defends Trump peace deal

"The only way the Iranians get any of these resources ... is if they comply fully" with the terms of the deal, Vice President JD Vance said.

Iran War: The Triumph of the Mullahs – and its expensive consequences for the global economy

The US President presents himself as a peacemaker, the Europeans applaud. But that cannot hide the fact that the pact in its current form means a strengthening of Iran.

Is Tesla succeeding in AI? Watch this for a clue.

As Tesla has doubled down on artificial intelligence, investors are left trying to make sense of the company’s progress. According to analysts at Oppenheimer, tracking how Tesla spends its cash may provide some insight.

Reforms: eight-hour day: business and the Union against draft reform

A first draft for the reform of working hours in Germany is leaking out. And immediately meets with contradiction. It's about the eight-hour day.

When should I start reducing my savings rate?

With what amount of savings would you reduce the monthly savings amount? For me personally it would be 250 thousand euros then I reduce it. submitted by /u/Far-Cat-6491 [link] [comments]

Westnetz customer service crisis: Network agency boss: “No longer acceptable”

Supervisor Klaus Müller has put Germany's largest network operator Westnetz in its place because of its failed IT project. What he accuses Westnetz and how customer manager Gudrun Alt explains the crisis.

Oil Prices Are Crashing. Inventories Tell A Different Story.

Oil traders have gone from pricing in the worst supply disruption in modern history to pricing in a recovery that hasn't happened yet. Inventory data suggests they’re getting ahead of themselves. Brent crude fell below $77 per barrel on Thursday, the lowest level since the early days of the Middle East war, after the United States and Iran signed a memorandum of understanding aimed at reopening the Strait of Hormuz and launching 60 days of negotiations toward a broader agreement. The market's ve

Spousal splitting: Why the criticism of the reform proposal is not convincing

A reform of spousal splitting could combine three goals and harmonize with the Basic Law. Regardless, more daycare places are needed.

Pentagon inks pair of rare earth mineral loans for $1.2 billion

“You can dream all day long about scaling [weapons production but] if you don’t have germanium, gallium, and rare earths, it is a pipe dream,” said Michael Cadenazzi, the Assistant Secretary of Defense for Industrial Base Policy.

Man arrested for attempted murder after toddler ends up in crocodile enclosure at UK zoo

A man has ⁠been arrested ⁠on suspicion of attempted murder ⁠after a three-year-old boy ended up in a crocodile enclosure at a zoo in central England on Thursday, resulting in him sustaining ‌critical injuries, police said. Cambridgeshire Police said officers were called following reports of an incident at Johnsons of Old Hurst, a zoo near Huntingdon, Cambridgeshire, which resulted in the boy being in the ⁠enclosure. The child has been taken to hospital with serious ‌injuries and is in a critical

Here’s the new way to significantly reduce the interest rate on your student loans

Borrowers who enroll in autopay will receive the benefit starting July 1.

Presidents: Merkel surprises at the inauguration of the Obama Museum

The former US president invites you to the inauguration of his presidential museum. There are a lot of celebrities there - and also a familiar guest of honor from Germany.

Inside the wild week for SpaceX and the traders who pushed up its stock price

Also in Weekend Reads: A contrarian energy investment play as oil prices fall, credit advice for Gen Z and advice from the Moneyist.

This is one issue in the Iran deal that critics may be missing and that investors should understand

President Donald Trump signed a preliminary deal with Iran late Wednesday while in France, putting terms of the 14-point agreement into effect two days earlier than expected.

F.A.Z. economic report: The uncertainties surrounding Donald Trump

After the agreement between America and Iran, signs point to economic relaxation. But the euro area cannot shake off the burden of the energy price shock. The monthly economic report from the F.A.Z.

Energy markets will never be the same, even after the Iran cease-fire deal

The Iran war’s legacy likely will be an urgent need to rethink energy security.

Geopolitics: EU foreign policy chief Kaja Kallas on Iran agreement: “The most difficult part is only beginning now”

EU foreign policy chief Kaja Kallas offers Donald Trump European expertise for the Iran talks. In the interview, she also calls for Eastern Europe to be included in the Ukraine negotiations.

Sweden Picks Rolls-Royce for First New Reactor Since the 1980s

Rolls-Royce SMR just added its third major European contract. Videberg Kraft, backed by Sweden’s utility Vattenfall, selected the UK design for three units on the west coast, making it Sweden’s first new nuclear plant in more than forty years. The multibillion-pound export win, actively supported by UK government trade efforts, lands on top of existing deals in the UK and Czechia and makes Rolls-Royce the only SMR developer with multiple binding commitments across the continent. We tracked when

Annual General Meeting: VW shareholders are putting pressure on – transformation is a permanent task

VW boss Blume is sticking to austerity measures: 28,000 voluntary resignations have been agreed and the plants are to continue to shrink. However, shareholders are dissatisfied with the development.

Brussels urges EU banking sector to ‘avoid zero-risk tolerance’

European Commission's draft report calls for 'cultural shift' by the EU's banks, regulators, and auditors

Markets: This is what’s behind the rally in convertible bonds

Convertible bonds are outperforming the global stock market so far this year. This also has to do with AI trading – and that could be dangerous, says Martin Müller.