Finance news

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

Iranian American protesters gather as football team prepare for World Cup opener

Iranian Americans streamed into the Los Angeles stadium where Iran play their first match at the 2026 World Cup on Monday, with some calling for Iranians to band together and forget politics while others bore symbols protesting the government. The team arrived at the stadium, having flown into the US on Sunday from their training base in Tijuana, ‌Mexico, touching down in Los Angeles just as a deal was announced to end the US-Iran war. They are set to play New Zealand in Group G at 6pm local...

How are institutional investors buying SpaceX at the absurd valuation?

How are they gobbling up everything elon musk promises spacex will do? such as their AI promises, etc etc. Like, what stops me from making a company, and promising that it will reach a total addressable market of 30 trillion, because i will be selling oxygenated air in bottles, and well, if people pay for water, they can pay for oxygen too. And then i will own like billions of shares of this company and go public, but only offer like 10 shares to the public, so they can fight over it, and increa

People in China are watching the World Cup differently this time

A 12-hour-plus time difference and various streaming options are influencing how people in China watch the World Cup.

Construction industry related stocks?

There are so many constructions in my area now. Schools, apartments and road constructions everywhere. I guess the construction industry is booming What construction related stocks are good to invest in? Caterpillar looks like a solid company, but is the stock price now too high with PE =46? Thank you in advance. I hope this post does not get auto-removed. Let's hope it goes through. submitted by /u/LPhermanos70 [link] [comments]

Accident in the USA: Eight people feared dead in B-52 bomber crash in the USA

A huge US Air Force bomber crashed in California. The military no longer sees any hope for the eight crew members.

General Atomics awarded US Army contract for extended-range artillery round

During a test last year, the company's projectile hit targets more than 74 miles away after being fired from an M777 howitzer.

CNBC's The China Connection newsletter: Waiting for AI to lift the whole market

China's economy sees a lift from artificial intelligence-related industries, while real estate and domestic demand remain lackluster.

An Oil Deal That Ended a War Nobody Won

What happened today is best described, despite much more dramatic categorizations coming out of Tehran and Washington, is a 60-day ceasefire extension, now reportedly signed by both parties, that reopens the Strait of Hormuz, while the original alleged reason for going to war, the nuclear weapons issue, stays open on the negotiating table. Both sides are buying time in order to get the oil flowing through Hormuz. So, today’s deal is an oil deal, first and foremost. It’s not a victory for anyone.

RDDT is insanely under valued, Price Target: 428

For full-year 2026, this fiscal year, Reddit is projected to have $1.02 billion in net income and $3.23 billion in revenue. Let’s strip out the current AI deal of $100 million and assume a 30% tax rate. That would bring net income to about $995 million, giving them margins of 32.5%. Let’s say growth slows down to 45% (Which I don't think it will), which is well below what they are currently growing at. That would bring revenue up to $4.6 billion. Applying a 32.5% margin gets you $1.495 billion i

8 presumed dead after B-52 bomber crashes at US military base in California

Eight people are believed to be dead after a B-52 bomber crashed soon after take-off on Monday morning at a US Air Force base in Southern California’s Mojave Desert, the US military said. “Initial indications are that the crash was not survivable,” Edwards Air Force Base posted on social media. The cause of the crash is under investigation, officials said. There was no information yet on the crew, however aerial footage showed virtually nothing left of an aircraft. Black smoke rose from a large.

Trading 212 confusion. Can someone clarify?

I invested €10 on the trading 212 platform (vanguard s&p 500 Acc and coca cola) and within 24 hours it says my account value is €34.65. I'm wondering if that means I made over €24 already. It seems too good to be true but I'm also very new in terms of investing. I'm not exactly sure what is going on. submitted by /u/Guitarist2021 [link] [comments]

CFTC chair Selig defends decision to approve ‘perps’ in U.S.

Michael Selig said that incumbents will always fear the future, but it's important to develop the new asset class domestically rather than only offshore.

Options traders are bracing for a very busy week, with June ‘triple witching’ and launch of SpaceX contracts on deck

Options traders are bracing for what could be a very busy few days as a number of potentially market-moving developments are being crammed into a shortened four-day trading week.

Left-wing extremism: Why the Federal Prosecutor General is sticking to Klette charges

Even before the most recent conviction, the Federal Prosecutor's Office charged Daniela Klette. What is behind the insistence that the RAF crimes be investigated?

Weapons procurement: Federal Prosecutor General: Hamas was specifically planning an attack in Europe

Federal prosecutors have arrested nine suspected Hamas supporters in recent months. Now the head of the authorities announces: The attack plans were more concrete than previously known.