Finance news

SpaceX: To the moon for investors or a bumpy ride? Here's what experts say

If the first day's share price is anything to go by, investors are still very optimistic on the stock.

Miss Hong Kong stirs Cantonese debate, China cuts degrees in AI push: 5 weekend reads you missed

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 5. How to say ‘tomato sauce’ in Cantonese? Miss Hong Kong hopeful sparks debate 2. Chinese team flags life-threatening weakness in Nasa’s Artemis programme 3. Hong Kong intern doctor released on bail, returns to hospital amid police probe 4. China’s universities cut 12,000 ‘obsolete’ degrees amid...

Starbucks’ South Korean staff to receive history lesson after ‘Tank Day’ blunder

Starbucks stores across South Korea will close for half a day next week for staff to attend a history lesson following a promotional campaign gone awry, the coffee giant said on Monday. Starbucks Korea, with more than 2,000 stores nationwide, found itself embroiled in public uproar last month when it ran a “Tank Day” promotion evoking a deadly military crackdown on a 1980 pro-democracy uprising. The day of the reusable cup promotion – May 18 – coincided with the 46th anniversary of the Gwangju..

Defense industry: “That’s actually in the interests of the taxpayer”

There is no lack of money. Nor in self-confidence. And yet the arms industry is still ramping up - which is why its representatives are calling for a rethink before the Eurosatory arms trade fair.

+++ Football World Cup 2026 +++: “German avalanche”: That’s what the international press writes about the 7:1

DFB-Elf wins World Cup opener against Curaçao +++ Netherlands only draw at the start +++ Ivory Coast wins against Ecuador +++ The World Cup news blog.

Agreement signed: Agreement with Iran: easing of tensions for the economy in sight

The start of the Iran war at the end of February was just the latest bad news for the German economy, which had been stagnating for years. Could an end to the war be followed by an upswing?

Viral video of Indonesian helper being beaten in Malaysia prompts calls to act

Four people have been arrested in Malaysia’s southern state of Johor after videos circulating online appeared to show an Indonesian domestic worker being slapped, punched and verbally abused inside a private home. The footage has renewed concerns about the treatment of Indonesian helpers in Malaysia – where about 60,000 are registered to work in private homes – and prompted calls for Jakarta to intervene. Two sisters and their husbands, aged 30 to 34, were arrested at a house in Taman Johor,...

Strait of Hormuz still eerily quiet as doubts remain over ‘fragile’ peace deal

The Strait of Hormuz was still largely devoid of shipping traffic in the hours following the announcement of a US-Iran peace deal, as analysts warned it remained uncertain how and when normal operations along the waterway would be restored. The only vessel moving in the strait on Monday morning was broadcasting its status as a patrol ship, according to data from vessel tracking platform MarineTraffic, as hundreds of commercial ships remained stranded in the region. The United States and Iran...

+++ Ukraine War +++: Russian attacks on Kyiv – famous cave monastery burns

Zelensky and Trump have a phone call +++ Two bridges to Crimea damaged in drone attack +++ Trump offers Putin mediation in the Ukraine war +++ The news blog.

Morning Briefing: Europe in Trump's hands - but it doesn't have an answer

Behind the export ban on Anthropic's latest AI model there could be a simple security problem - or a longer-term strategy. Both would be bad for Europe.

Thousands evacuate in Philippines as Mount Pinatubo erupts in 1991 – from the SCMP archive

This article was published on June 13, 1991. Thousands evacuated after massive explosion in Philippines Volcano’s plume soars 25km by Michael Bociurkiw in San Narciso Theresita Santiago and her neighbours dealt with the volcanic eruption of Mount Pinatubo in the Philippines yesterday (June 12, 1991) the only way they could: they grabbed their children and a few belongings and walked 20 kilometres to sanctuary in Olongapo City. “I’m feeling very nervous right now,” Mrs Santiago said, as her...

‘It’s our way’: Japan fans win hearts by cleaning up after World Cup match

Japan fans left the stands spotless after their World Cup opener against the Netherlands in Texas on Sunday, saying it was “Japanese culture” to tidy up after themselves. Spectators stayed behind after the 2-2 draw to make sure they left the stadium as they found it, meticulously picking up litter and stuffing it into blue plastic bags. It was a habit first learned at primary school, Japan fan Eita Tanaka said. “We have to think about everyone. Japanese people think that when we use a certain...

SoftBank surges more than 12% as Iran-U.S. peace deal sends Asia stocks soaring

Asian tech stocks surged Monday on news that Iran and the U.S. have reached a peace deal

On Trump's birthday: Framework agreement in the Iran war is in place - what happens next

On Donald Trump's 80th birthday, the US President and Iran announced the agreement on a framework agreement to end the war. What happens next - and how peace could still fail.

Data and AI-driven analysis 'the new oil' in mining, Deloitte adviser says

Myanmar's Min Aung Hlaing to visit China for diplomatic boost

Japan and South Korea stocks leap on latest US-Iran deal

From watches to sake, Japanese retailers try new tourist traps

US attack drone maker taps into Taiwan controller demand

Mizuho Bank to back Japan-South Korea firms' energy procurement projects

Alibaba weighs acquiring Pupu in quick-commerce battle with Meituan

SPCX & Elon Mask Prediction

SPCX reported a loss in 26Q1, though it was hardly a shock - it was the first time they’d published financials. After the massive IPO, I think in 26Q2, SPCX will report another net loss. But just before earnings, Elon Musk will post on X promising something huge: SPCX will complete its space data center by 2027 or something like that. The next day, despite announcing a net loss, SPCX's stock will go up. This is my prediction. What do you guys think? submitted by /u/doha420du [link] [comments]

Tanks & anti-aircraft defense: After the FCAS flop: 100 German companies at the Paris arms fair

Europe must become more independent from the USA, European NATO militaries largely agree on this. But how? Defense companies show off their latest weapons at a trade fair in Paris.

Beijing’s point man for Hong Kong to visit city on Tuesday, check on Northern Metropolis

Beijing’s top official overseeing Hong Kong affairs will visit the city on Tuesday and Wednesday, with a check on the progress of the Northern Metropolis part of the itinerary, while sources say the chief executive will join him as he looks into a cross-border technology cooperation platform. The Hong Kong government announced on Monday morning that Xia Baolong, director of the Hong Kong and Macau Affairs Office, would be visiting the city for two days. “[Xia will] inspect Hong Kong’s alignment.

World leaders welcome U.S.-Iran deal as Europe signals sanctions relief, urges Hormuz reopening

The agreement came after more than three months of stop-start negotiations and bouts of fighting since late February, roiling global energy and commodities markets.

Ukraine War: Russian attacks on Kyiv - famous cave monastery burns

The Russian army is firing rockets again at the Ukrainian capital Kyiv. A main shrine of the Ukrainian and Russian Orthodox churches, which is a World Heritage Site, is also damaged.

How to ensure you're not investing too wide as opposed to too deep?

How do you guys deal with the temptation to over-diversify? Or, better said, too invest too wide and not deep enough? Note, this is in reference to my individual investment account, not my roth or 401k. I get that it's generally safer to diversify, but I know that there are explosive gains to be made when you find your NVDA, SNDK, etc. and invest some decent capital into it. I want to be in quantum, photonics, space, software, AI, defense, etc., but I know that I'm likely leaving material gains

Ukraine condemns ‘brutal’ Russian assault after Unesco heritage Kyiv-Pechersk Lavra is hit

A large-scale Russian attack on Ukraine killed five rescuers in Kharkiv and wounded at least 20 people in the capital Kyiv on Monday as strikes set flat buildings ablaze and sparked a fire at one of the country’s most significant religious landmarks. The rescuers were killed in Kharkiv by a second Russian strike as they fought a blaze caused by an earlier attack, Interior Minister Ihor Klymenko said. At least five other emergency workers were wounded. A series of powerful explosions echoed...

Middle East conflict: Agreement in the Middle East drives stock exchanges in Japan and South Korea

After the agreement between the USA and Iran, the leading indices Nikkei and Kospi rose sharply. At the same time, oil prices are falling significantly.

Top meeting on Lake Geneva: What the G7 summit is about

Wars and crises are once again the focus when Merz, Trump and Co. meet. The summit starts with a signal of hope. Whether it will be a success depends above all on one thing.