Finance news

Cambodia eyes Japan labor ties as Thai conflict sends workers home

China retail sales fall for first time since COVID lockdowns

380k capital, no debt and want to invest

Hello, 50 years old and have 380k mostly tied into CDs. Have a little over 400k in my 401k. Do not own a home, no debt, make 103k annually and guess just scared to invest and lose money, since I am not the best with stocks. I have about 50 shares of Nvidia that I purchased a while back and thinking of investing more. Any thoughts? S&P 500? Remain in Cds? Its only 4% now, so I think I should invest in better things. TIA! submitted by /u/Darby_Crash75 [link] [comments]

China economy weakens further in May as retail sales post first drop in over three years

China's retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, adding to signs the economic slump deepened.

Federal Constitutional Court: “Trump-style politics”? Karlsruhe is considering going it alone as a minister

The Minister of Agriculture does not involve the Bundestag in an important decision. The Greens therefore accuse the government of “Trumpesque” traits and now want to clarify the whole thing in Karlsruhe.

Can India react to Gulf sailors’ deaths like China did with US after 1999 embassy bombing?

The images were difficult to ignore. A viral video showed the body of a 35-year-old Indian seafarer on a vessel off Oman, with crew members using cold water bottles in a desperate attempt to slow the decomposition process. He had died last Thursday from medical complications, but it had not been possible to send help or evacuate him from the ship because of the US blockade in the Strait of Hormuz. The previous day, three more Indian sailors were killed when a tanker moored nearby was bombed...

New platform for exchange: 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.

US military base: Eight dead in B-52 bomber crash in the USA

After the crash of a huge US Air Force bomber in California, much is still unclear. All eight crew members die in the incident.

Interview: Otte: “A general service obligation would solve many problems and would be good for cohesion”

Despite the increase, the Bundestag's Commissioner for the Armed Forces is not giving the all-clear on the Bundeswehr's staffing levels. When it comes to the Reserve Strengthening Act, he advises close consultation with employers.

Guest commentary: China shock: Can the EU dare to duel with Beijing?

The USA is seeking dialogue with China, Brussels is examining protective walls and punitive tariffs. The EU should carefully examine its deterrent potential beforehand, says geoeconomics expert Jonathan Hackenbroich.

AfD: Höcke withdraw basic rights? SPD politician for examination

Several SPD politicians are calling for a tougher approach in dealing with the AfD. The focus is particularly on the chairman of the Thuringian AfD.

Electric cars: Is the government unintentionally subsidizing Chinese car manufacturers with the new electric car bonus?

The new funding for electric cars is likely to go largely to Chinese providers. This is what the first figures from a large dealer group indicate.

Military aircraft: Eight dead in B-52 bomber crash in USA

A huge US Air Force bomber crashed in California. The eight crew members die. Investigations into the cause of the crash are ongoing.

Work: “There is a culture of pseudo-productivity in many companies”

Companies hope for productivity gains through AI. The best-selling author Cal Newport sees the main danger that employees will come under even greater pressure.

Shopping survey: Customers prefer to use staffed checkouts rather than self-service checkouts

Self-service checkouts are not for everyone. Some customers prefer to use traditional, manned checkouts - others don't. Why actually?

Aviation: It affects flights within Europe: Lufthansa is thinning out the network

After the end of Cityline, Lufthansa is planning further cuts in the intra-European network. Board member Dieter Vranckx gives details of the group restructuring and makes a promise to customers.

‘Terrible’ US-Iran deal could deepen Netanyahu’s rift with Trump

Benjamin Netanyahu bet that his joint war alongside Donald Trump would topple Iran’s clerical rulers and bolster ⁠himself ahead of the election at home, as the architect of a US-Israeli alliance that would reshape the Middle East. Instead, Israel’s longest-serving prime minister is on a collision course with Trump as the US president seeks to extricate himself from the war, with both men’s goals unmet and Israeli military operations tied down in Lebanon. For now, Israeli officials have been...

Loitering ammunition: Rheinmetall relies on volley swarms for kamikaze drones

Neuss was once a large Rheinmetall automotive supplier plant. That's history, now the plant is being tailored to military goods. At a weapons trade fair, the company gave an insight into future production.

‘Still my first choice’: Hong Kong shoppers chase bargains despite Sam’s Club safety probe

Many Hong Kong shoppers remain undaunted by a mainland Chinese investigation into the food safety practices of popular supermarket Sam’s Club in neighbouring Shenzhen, saying they will still shop for bargains – but more selectively. Despite reports that Chinese regulators had summoned the warehouse retailer over “frequent food safety issues” on Monday morning, the superstore remained busy in the afternoon even with rainy weather. Some Hongkongers who crossed the border to shop were unaware of...

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?

Asia: China's car market is weakening - VW does not see a quick turnaround

In China, car sales fell by 19.5 percent in the first five months of the year. Volkswagen cannot escape this trend either – and is planning accordingly.

Taiwan’s website for intelligence tips from mainland China spurs debate

Taiwan’s new website for mainland Chinese to securely report intelligence-related information has sparked debate over whether it is workable. The self-governed island’s National Security Bureau (NSB) on Sunday said it had established a “contact window” to collect political, military, economic and social intelligence from mainland China. The bureau said the initiative was modelled on the practices of intelligence agencies in the United States, Britain and Israel. It cited public dissatisfaction..

Chinese ‘CEO in a school uniform’ builds, exports drones, funds start-up by waiting tables

An enterprising 19-year-old student in China heads a start-up tech company and is also a philanthropist who donated 100,000 yuan (US$15,000) to sanitation workers at his school. Wei Siyuan graduated from Baoan Middle School in Shenzhen, southern China’s Guangdong province, last year and was admitted to Hunan University. He also has another identity: the chief executive officer of a company that develops unmanned aerial vehicles and artificial intelligence (AI) powered equipment. As a result, he.

Early investment into Doroni Aerospace

I keep getting X.com ads for this StartEngine Early Offering. I know there's a risk of loss of all of my investment, should I choose to contribute to this startup. I generally have doubts about "flying cars" concepts, but if they're treated like helicopters and must adhere to the same flight rules and regulations, I don't see a problem. I just don't see the growth potential, to deliver ongoing earnings growth. submitted by /u/sbmellen [link] [comments]

Court throws out Hong Kong couple’s challenge to daughter’s guardianship in Sweden

The custody of a Hong Kong couple’s four-year-old daughter remains in the balance after a Swedish court threw out their attempted appeal against the local social welfare administration’s application to transfer her legal guardianship to a foster family. The Swedish Social Welfare Committee said in a report dated June 3 that the child, Lily, had to be protected from a “rootless and insecure existence” under the care of her biological parents Tsang Wai-bong and Kwan Pui-sin, according to documents

South Korea, Indonesia rein in derivatives trading to defend currencies

Toyota's shakeup of racing division leads to Le Mans enduro crown

Will Beijing’s tighter capital-control rules dampen Hong Kong’s housing rebound?

New homes that Hong Kong developers will launch in the coming days and weeks will serve as a crucial test of the impact of Beijing’s latest capital-control measures, amid signs of recovery in the city’s residential property market. “Seemingly, a number of developers have turned more cautious in launching primary projects of late,” said Jack Tong, director of research and consultancy at Savills Hong Kong. Mainland Chinese buyers had accounted for about a third of all home purchases in Hong Kong..

North Korea plays US-China rivalry card to justify ‘irreversible’ nuclear status

North Korea’s latest spirited defence of its nuclear arsenal signals a strategy that goes beyond rejecting international calls to disarm and instead leans into mounting global superpower rivalry to legitimise its weapons build-up. The verbal offensive comes as North Korea could soon face renewed pressure to return to the negotiating table. Analysts say the winding down of the Iran conflict may allow Washington and its allies to refocus attention on the Korean peninsula. Pyongyang has also seized

AI Wars: Why Microsoft, Google and Amazon Are All Fighting Over Power

In March, Microsoft, Google, Amazon, Meta, OpenAI, Oracle, and Elon Musk’s xAI joined President Trump at the White House. Together, they signed a document that will reshape how AI’s biggest companies operate for years to come. They committed, in writing, to pay for every megawatt of new electricity their AI projects will require and to cover all of the grid infrastructure those projects depend on. In short, the seven biggest names in tech told the President they would pay whatever it costs to ke