Finance news

Car market in China: Car sales in China are collapsing – is there a risk of a trend reversal?

China is considered a driving force for car sales, but sales figures have been falling significantly for several months. Experts disagree about what to do next. What does the trend mean for German car manufacturers?

E-Class: This is how small electric cars from Europe should become cheaper

The EU is planning an E-Class for small cars. This is intended to help manufacturers achieve their fleet goals. Some exceptions are planned for this, from which customers will also benefit.

Cyber ​​defense: What should the Joint Defense Center Hybrid bring?

Construction foam in exhaust pipes, incendiary devices in packages, cyber attacks? How the new GAZ Hybrid should help respond to threats - especially from Russia - more quickly.

VOO vs VT for late start investor

I have my entire investment in a Roth IRA with VT. However, I have heard from a few people that since I got a late start investing (currently 36 with 10k invested) that I should be in something like VOO for the slightly higher growth potential. Is this sound advice, or should I just keep all in VT? Thanks! submitted by /u/Darkside290 [link] [comments]

No victory, no defeat: Iran war pauses with fragile freeze

The drones are grounded, tankers are reportedly moving again through the Strait of Hormuz and an electronically signed memorandum of understanding has formalised the pause. After 108 days, thousands dead and hundreds of billions of US dollars stripped from the global economy, the US-Israel war on Iran has ended – for now. Not with victory. Not with defeat. With a freeze. The United States and Israel assassinated Iran’s supreme leader and many of its top officials, then went on to degrade the...

Industrial policy: China's economy is increasingly dependent on foreign trade

Industrial production and exports are increasing – especially thanks to AI hardware. At the same time, domestic consumption is falling and the situation on the real estate market is not improving sustainably either.

Iran No More Pariah: Western Powers Back Tehran After Peace Deal Announcement

Iran secured a peace deal after withstanding 107 days of war, despite losing Supreme Leader Ayatollah Ali Khamenei and key officials. The agreement marks a stunning turnaround, with Western powers now backing Tehran—a sharp contrast to the joint US-Israel offensive aimed at regime change earlier this year. submitted by /u/Aware_Apartment_8959 [link] [comments]

Qualcomm CEO says AI agents will replace apps — as chip giant works on 40 new AI-powered devices

Qualcomm CEO Cristiano Amon said he is bullish on smart glasses which could eventually become as big as the smartphone.

Road traffic: Up to 30,000 euros fine for points trading

From July, an amendment to the Road Traffic Act will take effect with noticeable consequences: trading in points will be drastically punished and fines will be extended to six months.

Xia Baolong begins Hong Kong visit with housing, Northern Metropolis tours

Beijing’s point man on Hong Kong affairs began a two-day visit on Tuesday with inspections of key projects across the city, focusing on housing, technology and Northern Metropolis developments. Xia Baolong, director of the Hong Kong and Macau Affairs Office, kicked off his study tour with a briefing led by Chief Executive John Lee Ka-chiu, attended by Chief Secretary Eric Chan Kwok-ki, Financial Secretary Paul Chan Mo-po and selected members of the establishment, including the city’s property...

Biotech IPO window is opening but big pharma M&A still sets the pace, top bankers tell CNBC

Biopharma dealmaking is driven by pressure to top up drug pipelines ahead of major patent expirations later this decade.

Hong Kong official urges vaccinations as early summer flu season and peak likely

Hong Kong may enter its summer flu season earlier than usual this year, with a peak likely to occur later this month, health authorities have said, urging unvaccinated residents to receive jabs for protection. Dr Edwin Tsui Lok-kin, controller of the Centre for Health Protection, said on Tuesday that influenza activity in the city had increased since May. He noted that the last summer flu season extended from September to January, and with no winter flu season earlier this year, this summer’s...

Japan: Taxi app Go increases by 21 percent after IPO

The taxi app provider is likely to have had the largest IPO in Japan this year. At the start, the share was trading well above the issue price.

Racist gesture to Korean at World Cup, Singapore PM to visit Russia: 7 Asia highlights

We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Singapore PM Lawrence Wong to visit Russia, first since Ukraine war sanctions Singapore Prime Minister Lawrence Wong is set to visit the Russian city of Kazan in a trip that would mark the first high-level talks between leaders from both sides since the city state...

+++ Ukraine War +++: Great Britain is planning new sanctions against the Russian shadow fleet

EU begins accession negotiations with Ukraine +++ Merz: “Window for diplomacy” can open +++ Russian exile party calls for withdrawal from Ukraine +++ The news blog.

Looking to invest $250 per week

I understand that it might be a bit late for me to start investing in the market, considering my age of 35. However, I am determined to invest $250 weekly into my fidelity taxable account. $150 VOO, $100 on ( GOOGl, MSFT, AMZN, APPL) $25 each. Or just set it automate $250 VOO and forget it. ? submitted by /u/Every_Cress [link] [comments]

Sanae Takaichi’s G7 mission: bridge Trump-bloc divides, polish ‘Iron Lady’ image

Prime Minister Sanae Takaichi’s first attendance at this week’s G7 summit aims to turn her rapport with Donald Trump into a bridge between the US president and the bloc’s leaders, as she seeks to cement her image as Japan’s “Iron Lady”. During a working dinner at the three-day meeting which began in Evian, eastern France, on Monday, Takaichi also proposed a joint strategic stockpile partnership to boost critical mineral supply chains and dent China’s dominance in the sector. “I want to discuss..

Ex-head of CUHK rehab centre charged with fraud over false service claims

Hong Kong’s anti-corruption watchdog has charged a former senior staff member of the Chinese University Medical Centre over alleged fraud. The Independent Commission Against Corruption (ICAC) on Monday accused Lau Mun-cheung, 65, the former head and consultant physiotherapist at the institution’s Sports Medicine and Rehabilitation Centre, of falsely claiming that he had personally provided professional services, including consultations and procedures, to patients to obtain fees from the...

Chip manufacturer: Nvidia issues bonds worth $25 billion

Investors are increasingly pushing into the AI ​​market. Chip manufacturer Nvidia is issuing new bonds for the first time since 2021 - and is saving the usual advertising for investors.

Monetary policy: Japan's central bank raises key interest rates to the highest level in 31 years

The drastically increased energy prices have recently increased the pressure on the Bank of Japan. In order to curb inflation, the central bankers are now reacting by raising interest rates.

Morning Briefing Podcast: Middle East: The four pitfalls of the Iran deal / Banks: Unicredit counts Commerzbank board

The US President announces one success story after another about the Middle East. But the rest of the world is more skeptical: nothing has been signed and almost nothing has been clarified.

Sabotage actions: Russia's spies in the sights of the Federal Prosecutor's Office

According to the Federal Prosecutor's Office, Russian secret services are increasingly relying on cheap auxiliary agents. What is behind the latest espionage cases in Germany.

Could a diamond wafer as wide as a basketball be China’s trump card in AI race?

When Harbin Institute of Technology (HIT) held its 11th group wedding for doctoral students on May 31, each of the 187 newlywed couples was presented with a one-carat diamond ring, with the diamonds grown in the university’s laboratory. The gems were developed by Zhu Jiaqi and his team from HIT’s School of Astronautics using a technology that in theory could produce high-purity, single crystal diamonds of any shape and size – from wedding jewellery to a wafer as wide as a basketball. Known as...

G7 summit in France: Test the West

China, AI, Ukraine: The agenda at Lake Geneva was already complicated enough before the US President announced his Iran deal. Are the leading industrial countries finding a line?

South Korean defense stocks surge on prospects for post-Iran-war sales boosts

South Korean defense stocks have risen as there will be "numerous export pipelines" for companies to sell to the Middle East.

Nikkei and Topix: Asia's stock exchanges open slightly in the red after the Iran rally - a look at Japan's interest rate decision

The Nikkei and Topix are trading lower. Investors are turning their attention to Tokyo. Japan's central bank raises key interest rates to the highest level in 31 years.

I told em to put it in the market

So my uncle is proud of his recent bank interest rate adjustment. He now receives 3.5% on his 250k savings balance, which works out to about $730ish monthly. I told em he could've made more than double that if he would've put the amount in the market. Is he being too safe? submitted by /u/Low_Badger_9430 [link] [comments]

Singapore wants Dear You film in Mandarin, not Teochew. What’s lost in translation?

When Singaporean Kristen Chng watched Chinese indie film Dear You with his father in Suzhou last month, he was reminded of his grandfather’s journey of sweat and hardship after leaving his ancestral village in Guangdong province with little to his name. There wasn’t a dry eye in the room, he said, as cinema-goers followed the story of a man uncovering his family’s past by tracing remittance letters sent home from Thailand. “My grandfather moved to Singapore in his teens and had a habit of...

Cambodian interior minister hires US law firms to fight scam link claims

Urban India struggles to handle super-charged monsoons