Finance news

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.

◇ unclassifiedmiddle-east · russia · usa

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Iran was struggling to sell its crude to buyers in Asia outside China even before the U.S. rescinded overnight the sanctions waiver that allowed Tehran to sell its oil without penalties.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.

◇ unclassifiedusa

◇ unclassifiedmiddle-east · usa

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.

◇ unclassifiedgermany · europe · uk

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.

5d07/08⚠ war-conflict · 1/5

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.

◇ unclassifiedusa

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

Social◇ unclassifiedgermany · usa · europe

5d07/08⚠ war-conflict · 2/5

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.

◇ unclassifiedchina · asia

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,...

Social◇ unclassifiedeurope

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.

France: What Le Pen's surprise candidacy means for Germany and the EU

The right-wing populist is starting the presidential election campaign despite being convicted. What will happen to party leader Jordan Bardella now? Answers to the most important questions.

5d07/08⚠ war-conflict · 1/5

“We hope for an upturn, we get social cuts” – the left wing of the SPD (Forum DL21) sharply criticizes the government’s new economic and social decisions

Hello everyone, Forum DL21 (the left wing of the SPD) has published a statement on the results of the coalition committee on July 2nd. The criticism of the government's economic and social policy decisions is quite drastic. Accordingly, business associations and the Union used the economic problems as a pretext for a “class struggle from above”. Here is an overview of the most relevant points of criticism: Labor market & employee rights: Criticize sharply

Social◇ unclassifiedgermany · usa · europe

New image generator: Meta makes AI images with Muse and Instagram access

With Muse, Meta is bringing a new AI image generator that aims to impress with precision and good text display and can also use Instagram photos. What users should pay attention to.

Bundestag: Heating law can be passed in the Bundestag

According to the SPD, the economic committee approved the draft law on Wednesday. However, the exact timing is still unclear.

5d07/08⚠ war-conflict · 2/5

British Parliament: Why Brexit campaigner Farage has to fear a garbage can

With his surprising resignation from parliament, reform leader Nigel Farage wanted to get rid of annoying questions about a monetary gift. In the by-election he now has a completely different problem.

High growth potential: Allianz boss Bäte wants to expand business in Asia

After the setback in Singapore, the insurance group is now focusing on the Indian market. Meanwhile, the CEO is worried about valuations on the financial markets.

Broadcom: Apple has more than 15 billion chips produced in the USA – by a well-known semiconductor company

The USA and Europe have been trying for years to bring more chip production back from Asia. The iPhone company Apple is now relying on communication chips from its home market.

◇ unclassifiedchina · asia · usa

Norway police says 28 arrested in international child porn operation

Norwegian police said on Wednesday that 28 men across seven countries had been arrested in an operation targeting buyers of material depicting sexual abuse of children. Norway’s National Criminal Investigation Service (Kripos), said the men had used the cryptocurrency Monero to pay for access to several forums on the dark web. “We have worked closely with six countries to coordinate the arrests of the identified users who paid with cryptocurrency to gain access to the forums,” police prosecutor.

NATO summit: Fear of Trump – EU postpones competition fine against Google

The EU Commission is postponing an important decision in the proceedings against the digital company. According to information from Handelsblatt, the aim is not to anger the US President.

Insurance: How Allianz wants to become a pioneer in AI transformation

Allianz boss Bäte considers a successful AI transformation to be crucial in the current geopolitical situation - also for Allianz itself. This is how the insurer currently stands.

◇ unclassifiedusa · korea

As a red-hot global stock market stumbles into bear territory, this Wall Street bull spots a dip worth buying

Tom Lee of Fundstrat says he’s buying the dip, and not scared off by Samsung’s losses

Kevin Warsh plans to stop scripting the Fed’s next moves. It could trigger a wild ride for traders.

James Bullard, a former president of the St. Louis Federal Reserve, said Fed Chair Kevin Warsh could decide on policy changes without signaling to the market first, sparking volatility

◇ unclassifiedusa

◇ unclassifiedgermany · europe · uk

International Monetary Fund: Silvana Tenreyro becomes IMF chief economist

The politically experienced London professor follows Pierre-Olivier Gourinchas, who is returning to the University of Berkeley. She is an expert on international economic issues.

NATO summit: Trump follows up on Greenland: Doesn't help Denmark

Donald Trump continues to pursue the goal of bringing Greenland under US control. The Danish head of government has a clear answer. But Trump is stepping up.

+++ NATO summit +++: Rutte defends Europeans in exchange of blows with Trump

Second day of the NATO summit in Ankara +++ Presidents Nawrocki and Zelenskyj speak despite the crisis +++ Denmark to Trump: Greenland is not for sale +++ The news blog.

Unicredit takes action: it's ready

Unicredit now has the desired access. Commerzbank must now hold concrete takeover talks. And the federal government finally has to move.