Finance news

‘I’m a realist’: I’m 50 with $6.5 million saved. Should I quit my $200,000 job and retire early?

“I have been considering leaving my job so that I can focus on my trading activities full time.”

◇ unclassifiedusa

◇ unclassifiedchina · asia

Swede who ‘ruthlessly’ prostituted wife to over 100 men jailed for 4½ years

A Swedish court on Tuesday sentenced a 61-year-old man to four years and five months in prison for having “ruthlessly exploited” his wife to have sex with scores of men for payment. The man was convicted of “aggravated pimping” as well as attempted rape, assault and issuing threats, as well as a minor drug offence, the court said in a statement, noting the actions took place over three years. “The district court has found that the man was the one who initiated the woman’s entry into prostitution

3D printing: The shoe farmers

A young German founder wants to shake up the industry with 3D printed shoes. With money from Peter Thiel – and lessons from Spotify’s triumph.

Budget: Ifo proposes cuts in parental allowance and mother's pension

The federal government has to save money. Together with the New Social Market Economy Initiative, the Ifo Institute recommends significantly lowering the salary limit for parental allowance.

32d06/16⚠ war-conflict · 3/5

US military plans permanent war-ready weapons stockpile in Australia

The US military is planning a permanent war-ready weapons stockpile for its Marine Corps on Australia’s southeast coast beyond the range of most Chinese missiles, according to tender documents and officials. The development of the stockpile, a first for the Marine Corps in Australia, came as the US was keen to leverage the continent’s strategic location in the South Pacific to counter China’s rapid military build-up, analysts said. The US Marine Corps began global pre-positioning of military...

◇ unclassifiedchina · asia · australia

◇ unclassifiedmiddle-east · usa · brazil

Iberdrola to Invest Nearly $5B in Brazilian State of Bahia by 2030

'Through its subsidiary Neoenergia Coelba, the company will build 54 new substations, more than 2,000 kilometers of high-voltage transmission lines and 42,000 kilometers of medium-voltage distribution networks'.

Judgment: Parenting periods: entitlement to unemployment benefit at risk

If you want to secure your entitlement to unemployment benefit after parental leave, you should be careful. A judgment shows why the wrong distribution of parenting time can mean the end.

Heiner Arnoldi: Volksbank Brawo brings in restructuring experts after changing strategy

After Jürgen Brinkmann was released, the cooperative bank is realigning itself. The new board was previously the Bafin special representative at Volksbank Düsseldorf Neuss.

◇ unclassifiedchina · asia

Hong Kong tutor admits to molesting 5 boys, filming abuse as ‘mementos’

An owner of a Hong Kong private tutorial centre has admitted to molesting five boys and filming some of the offences, claiming he did so out of curiosity. Yu Hey-tsit, 46, pleaded guilty at the High Court on Tuesday to 15 counts of indecent assault and four of making child pornography. The crimes came to light on August 24, 2023, after a 12-year-old boy confided in his grandmother that Yu had kissed and groped him on multiple occasions at the now-closed Prime Solid Learning Education Centre in..

32d06/16⚠ war-conflict · 1/5

The district council considers the 100,000 euro limit for care costs to be too high

https://www.spiegel.de/wirtschaft/unternehmen/pflegekosten-landkreistag-haelt-100-000-euro-border-fuer-kinder-zu-hoch-a-d857df01-81b9-4e8f-af39-26428c4406a1 I could freak out again with this article. It's nice how the justification is things like the assets being transferred from parents to the children, while here again only the children's income should be used. Where is the problem with setting the limit at high assets instead? Why am I even liable for d

Social◇ unclassifiedgermany · europe

Auditors: AI agents are taking over the auditing of financial statements – and if mistakes are made, those responsible face imprisonment

AI is set to revolutionize auditing. Employees are facing serious changes and companies are facing high liability risks. These are the strategies of the “Big Four”.

◇ unclassifiedgermany · europe · iran

+++ Iran War +++: Trump criticizes Israeli attacks on Beirut and admonishes Netanyahu

According to Vance, the Iran agreement is one and a half pages long and “very general” +++ Aragchi links the end of the war with Israel’s withdrawal from Lebanon +++ The news blog.

SpaceX overtakes Amazon as America’s fifth-largest company via overnight price spike

A combination of a tiny free float, retail speculation, positive newsflow across globalmarkets and forced passive buying have seen the SpaceX share price jump 60% since listing.

◇ unclassifiedusa

YouGov survey: AfD nine percentage points ahead of the Union – FDP at five percent

The AfD is approaching the 30 percent mark in a new survey. According to the YouGov institute, the lead over the Union is greater than ever before.

Also for the Federal President: What goes into wooden construction

From daycare centers to presidential residences: a lot can be built with wood. The largest wooden modular construction project in Europe is being built in Rostock. Nevertheless, the building material has come under criticism.

Economic forecast: ZEW economic expectations are recovering surprisingly strongly

The mood barometer unexpectedly rises significantly. What's behind the upswing - and why experts still remain cautious.

ID card costs: application, fees and fines at a glance

Your ID card has expired or been lost? Find out here what current costs and possible fines you can expect when applying for a new ID card.

Social law: Court: Marriage remains a community of needs despite two apartments

Separate apartments but living together - is that considered a community of needs or not? A corresponding court decision has an impact on citizen's benefit benefits.

◇ unclassifiedchina · asia

Top legislative body to discuss Hong Kong’s shared control over upgraded crossing

China’s top legislative body will discuss a bill next week to authorise Hong Kong’s jurisdiction over part of the redeveloped Huanggang Port in Shenzhen that will adopt a “co-location” arrangement when it opens next month. Meetings to be held by the National People’s Congress Standing Committee between June 23 and 26 in Beijing were announced on Tuesday after its chairman, Zhao Leji, chaired a discussion at the Great Hall of the People in the capital. According to state news agency Xinhua, the..

32d06/16⚠ war-conflict · 3/5

China showcases anti-drone air defences at Paris show as conflict fuels demand

China’s largest ground-based arms manufacturer is displaying air defence systems specifically for drone warfare, along with advanced artillery equipment at this year’s Eurosatory exhibition in France. Demand for air defence solutions is skyrocketing, fuelled by the conflict in Ukraine and the US-Israeli war on Iran which have been largely defined by the use of unmanned aerial vehicles (UAV) and missiles. North Industries Group Corporation (Norinco) is using miniature models to display its...

◇ unclassifiedchina · asia · europe

◇ unclassifiedeurope · china

Europe cannot afford drift on China: time for a strategy that defends jobs and values [Promoted Content]

Europe stands at a crossroads in its relationship with China: cling to fragmented responses, or forge a bold, unified strategy. As dependencies deepen and industries strain, defending jobs, values, and sovereignty demands urgent, decisive action now.

◇ unclassifiedchina · asia · europe

Why Indonesia cannot afford to scrap Prabowo’s free meals programme

Indonesia has vowed to overhaul the country’s ambitious free nutritious meals programme following public pressure and recent allegations of corruption – a move analysts described as a “moderate” concession in lieu of an “embarrassing” discontinuation of President Prabowo Subianto’s flagship initiative. The US$15 billion initiative aims to reach 83 million schoolchildren, pregnant women, breastfeeding mothers, and toddlers to prevent malnutrition and stunted growth. However, it has been dogged by

◇ unclassifiedchina · asia · europe

China ‘Goose Leg Auntie’ celebrated for street snacks slammed for using inexpensive duck legs

China’s “Goose Leg Auntie” has come under fire after allegedly selling cheaper duck legs as raw materials. Chen Xiufeng, a 56-year-old street vendor in Beijing, built a loyal following with her 16 yuan (US$2) roast “goose legs”, promoted through social media pre-order groups. After arriving in Beijing in 2000 to sell fruit outside university gates, Chen later became known as “Goose Leg Auntie” because students queued at night for her popular goose leg snack. Students from two top universities...

32d06/16⚠ shipping-routes · 3/5

World's Largest Tanker Operator Cautions Against Hormuz Rush

The U.S.-Iran deal has raised hopes that the oil supply disruption in the Middle East could be nearing its end, but the biggest international tanker operators aren’t rushing to return to the Strait of Hormuz. Oil tanker owners and operators are cautiously optimistic, but they will wait until they see a “material” agreement and safety guarantees before returning to the world’s critical oil and gas chokepoint, Jotaro Tamura, chief executive officer at Mitsui OSK Lines, the world’s largest tanker o

◇ unclassifiedmiddle-east · russia · usa

Isar Aerospace: The next test of Germany's rocket hopes must work

The space start-up also failed in its fourth attempt to launch the launch vehicle. But the setbacks can be instructive.

Retirement provision: Where there are excellent returns

Private pension provision is a must, but how high can the returns and how high can the private pension be? An exclusive ranking provides answers.

◇ unclassifiedgermany · europe · usa

Sickness benefit: amount, duration and calculation at a glance 2026

As soon as a sick note exceeds six weeks, the statutory health insurance company pays sick pay. An overview of the amount, duration and calculation.

Banks: Verdi threatens indefinite strikes at Postbank

The collective bargaining talks at Postbank have failed, and now the union wants to hold a strike vote on further strikes. Negotiations should take place again beforehand.