Finance news

Alibaba shares spike 12% in Hong Kong as T-Head chips, AI revenue fuel earnings optimism

Shares of Alibaba Group Holding surged to a high of 13.8 per cent in Hong Kong on Wednesday as equity analysts expect revenue to reaccelerate in the June quarter, driven by growing demand for artificial intelligence and narrowing losses in food delivery. The gain, the strongest this year, came before the company closed up 12.2 per cent at HK$107.5 (US$13.71). Rivals Tencent Holdings and Meituan saw their shares grow 3.8 and 3.3 per cent, respectively, while the Hang Seng Tech Index increased by.

A healthy economy isn’t built on asset bubbles and debt pyramids

In the animated Soviet film The Golden Antelope, inspired by Indian folklore, a magical antelope tries to save a boy from a greedy raja by promising him as much gold as he wants. When she asks whether there can be too much, the raja laughs: “You can never give me too much gold.” But when the gold begins to bury him, he cries “enough” – and loses everything. Today’s financial system risks repeating the raja’s mistake. For too long, rising nominal wealth, asset prices and the fortunes of the ultra

Draft law: Heating law can be passed in the Bundestag - date still open

The Bundestag is about to pass the new heating law. From 2045 onwards, heating systems will no longer be powered by fossil fuels.

IS XTB reliable for long term investing?

Is XTB brokerage reliable for long term investing? I mean 15-20 years. I opened for me IBRK but honestly I don't like its structure. It seems to me overcomplicated. I am investing just into one kind of ETF so I don't have high needs towards the offer. submitted by /u/Lilla8 [link] [comments]

Woman arrested in Japan for sewing roommate’s lips together

A 49-year-old woman has been arrested for allegedly sewing together the lips of a woman she was living with, according to local police. Masae Sakurai, a part-time worker living in Ibaraki Prefecture, northeast of Tokyo, was arrested on Monday on suspicion of injuring the 42-year-old woman by sewing her lips together with a needle and thread at Sakurai’s house on June 29. The victim, who had been living with Sakurai since around April 2025, told the police that she “had been too scared to run...

Beijing slams Manila over South China Sea claims ahead of 2016 Hague anniversary

Beijing has issued a lengthy critique of the Philippines’ territorial claims in the South China Sea, condemning its actions as “unlawful” expansions that pose a “grave threat” to the post-war global order. Wednesday’s report by a Ministry of Natural Resources think tank – its third within days – marks the latest move in China’s campaign to reinforce its position in the disputed waters. The push underlines Beijing’s rejection of the Philippines’ stance just days before the 10th anniversary of a..

China eyes Russian submarine rescue expertise in Yellow Sea naval drills

Chinese and Russian military personnel will be put through their submarine rescue paces in naval exercises this week, with Beijing hoping to gain operational experience from its strategic partner as competition heats up beneath the seas. The Joint Sea-2026 exercise between the two navies began in the eastern Chinese port city of Qingdao on Monday, underscoring deepening military cooperation between Beijing and Moscow since the annual drills were launched in 2012. The exercise coincided with...

Hong Kong survivors push to close ‘consent loophole’ in reforms to sex crime laws

Hong Kong women’s rights advocates and sexual assault survivors have urged authorities to close a loophole that allows defendants to claim an honest but mistaken belief in consent before a sexual act, warning that it could undermine proposed reforms. The Association Concerning Sexual Violence Against Women and survivor group We Are X said on Wednesday that the government’s updated stricter definitions of consent should also be extended to this long-standing defence. “If we agree that the...

Which stock with a dividend in kind could be worth it?

Which stock with a dividend in kind could be worth it? Which ones do you have in storage because of these? submitted by /u/Efficient-Pepper-915 [link] [comments]

Japan's Itochu and Daikin to recover aluminum from air conditioners

Toyota-backed Chinese unicorn Momenta falls flat in Hong Kong bourse debut

Financial scandal: Former Wirecard boss Braun suffers in custody

On the 270th day of the trial for billion-dollar fraud, the former Wirecard manager speaks of “loneliness and isolation”. Nevertheless, he is convinced that he will soon be able to do “something constructive again”.

Chinese profit-taking triggers record gold ETF outflows amid shift to equities

Chinese investors pulled a record US$2.91 billion out of domestic gold exchange-traded funds (ETFs) in June, taking profits as a stock-market surge and a strong yuan dimmed the appeal of the safe-heaven metal, according to the World Gold Council (WGC). Mainland Chinese funds were the biggest drag on Asia’s gold ETFs in June, “as local investor risk appetite continued to improve”, prompting them to turn to higher risk, higher return assets, according to the findings of the council’s report...

Keep your eyes open online: Buying an e-scooter: What you should definitely pay attention to

Bought cheaply, punished expensively: Some e-scooters from the network are not allowed to drive on German roads. If you don't have the correct registration, there could be costly consequences and the scooter could be gone.

Dax current: More than 600 points: Dax falls deep into the red after Trump statements - oil prices rise sharply

The US President declares the peace plan with Iran to be invalid and is unsettling the markets. The German leading index falls well below the 25,000 point mark again.

What is one year of my life actually worth?

Sorry, this will be a bit long: I, M44, am currently somewhere between Coast and Leanfire. As a result, I'm slowly having to seriously ask myself how much money I actually want to earn. If I just continued working full-time, conservatively I'd be in the Chubby FIRE range by the time I retired, but I don't actually need that much and the work is often quite annoying. [Here is the rough situation, if anyone is interested (otherwise please use this one

Game changer: Resilient flowers withstand extreme weather and secure the harvest

Ideas that change and improve our world. We introduce them. This time: a genetic emergency switch that protects crops.

Car manufacturer: Toyota is moving pickup production from Mexico to the USA

The new plant will open on an existing production site in San Antonio. US President Trump had previously repeatedly put Toyota under pressure.

63 Million Barrels Of Crude Stuck At Sea As U.S. Pulls Iran Sanction Waiver

Iran was struggling to sell its crude to buyers in Asia outside China even before the U.S. rescinded overnight the sanctions waiver that allowed Tehran to sell its oil without penalties. The Iranian attacks on three commercial vessels in the Strait of Hormuz on Tuesday prompted immediate U.S. reaction with the U.S military striking multiple targets in Iran and the Treasury canceling the waiver on Iran’s oil sales that was supposed to be in place until August 21. Iran’s oil sales could be constra

Weekly mortgage demand drops as rates remain stuck in a narrow range

Mortgage rates barely moved last week and haven't moved much in more than a month. That is resulting in lackluster mortgage demand.

Decade of Cheap Henry Hub Gas Coming to End, WoodMac Warns

'The conditions that kept Henry Hub between $2 to $4 per MMBtu for the best part of a decade are no longer all operating at full force', said Kristy Kramer, Head of LNG Strategy and Market Development at Wood Mackenzie.

Straits: The bottleneck of the world's oceans

The blockade of the Strait of Hormuz has made headlines for weeks. Satellite data shows which straits are even more critical for Germany. An overview.

Comment: Germany's Sputnik moment is having an impact

The shutdown of the US satellites for Ukraine shocked the Bundeswehr. They are now building one of the largest satellite constellations in the world. The project will shape Germany.

Fed meeting minutes to show 'family fight' over rates. The squabble could drag on for a while

There have been few instances over the past 35 years or so when the Fed has only made one rate move, be it up or down.

Bank speaks to me over the phone about my account balance and wants to “advise” me

Hello everyone, I bought a house and am waiting for the payment due notice. That's why I currently have significantly more in my checking account than usual - ready to pay. Now my bank just called me and the lady asked for an appointment to save taxes... Quote "When I look at the account balance... there's something you can do... save taxes..." Is that common? The account has existed for more than 20 years - who knows what I signed back then

Police Commissioner: Police Commissioner calls for changes to border controls

When the office was created by the traffic light coalition, it was controversial. The federal police commissioner has now established himself as a helpline for officials and citizens. And there is a lot of grief.

Changes underway in Singapore’s smaller opposition parties as leaders quit

A year since the dust settled on the Singapore general election, leadership resignations in two small opposition parties signal a period of post-poll recalibration after disappointing results. The once-promising Progress Singapore Party (PSP), led by ruling People’s Action Party (PAP) defector Tan Cheng Bock, was dealt an “existential blow” on Monday, analysts say, following the resignations of two central executive committee members. Stephanie Tan, 38, was a newcomer who ran in the election,...

Regarding the “waiting for a big dip to get back into the market” folks:

Is it possible that, because this market has been booming for so many years in a row now, there’s a huge backlog of dry powder just ready to pounce? In other words, any would-be crash will be muted and almost immediately bought up by the trillions of dollars just sitting on the sidelines. I remember reading that there’s “$17T sitting on the sidelines” a year ago, but it’s not a figure that’s talked about a lot. submitted by /u/pseudonominom [link] [comments]

Takeover battle: Unicredit is approaching Commerzbank's majority - but the federal government is against it

A takeover of Germany's second-largest private bank is becoming more realistic: Unicredit has expanded its share in Commerzbank with its offer. She doesn't want to close herself off from conversations.

Dax: Ceasefire in the Iran war is probably over – Dax is buckling

The renewed tensions between Iran and the USA are causing the Dax to fall. Oil prices rise, inflation worries return.