Finance news

‘I make my own pizza.’ What’s the best way you’ve found to save money?

“Saving money doesn’t have to be about pizza — it could be coffee, cooking, cleaning, vacations, or anything else.”

Hong Kong should build AI plan around ‘competitive’ strengths, industry leaders say

Hong Kong should draft a five-year plan that includes an artificial intelligence (AI) focus that is not too broad, makes the most of its core strengths and attracts the best talent to develop the sector, industry leaders have said. At the South China Morning Post’s China Conference on Tuesday, titled “Intelligence at Scale: Hong Kong’s AI-Powered Future”, speakers at two panel discussions considered how Hong Kong could deliver on its AI aspirations and the city’s readiness as a launch pad for...

Middle East: Hamas dissolves government in Gaza

The terrorist organization announced on Monday the dissolution of a body that formed the de facto government in Gaza for twenty years. However, the ministries should remain in place. In addition, Hamas wants to continue exercising police power.

Defense industry: TKMS lands billion-dollar submarine order

The Thyssenkrupp subsidiary has received one of the world's largest submarine orders in Canada. The government in Ottawa wants to order up to twelve submarines from Germany. This is the largest procurement in Canadian history.

NATO to add up to five Northrop Grumman Triton drones for maritime surveillance

“It is genuinely made in NATO and is creating jobs on both sides of the Atlantic,” alliance Secretary-General Mark Rutte said.

Extremism: Czech Republic is allowed to extradite neo-Nazi Liebich to Germany

The convicted right-wing extremist Marla Svenja Liebich vehemently resisted her extradition to Germany. Now the Higher Regional Court in Prague has decided. What's next?

Huawei’s new computing cluster, world’s first AI agent phone to debut at China AI summit

The coming World Artificial Intelligence Conference (WAIC) is set to feature major new product releases, such as Huawei Technologies’ next-generation computing cluster, as China doubles down on AI in the global technology race. This year’s WAIC, the ninth since 2018 and running from July 17 to 20 in Shanghai, would include the first physical display of Huawei’s Atlas 950 SuperPoD, Tang Wenkan, director of the Shanghai Municipal Commission of Economy and Informatisation, said at a press briefing.

Shell Signals Oil and Gas Trading Windfall in Q2 Amid Iran War

Shell expects to have booked significantly higher oil and LNG trading results in the second quarter of the year as the Iran war drove extreme volatility in energy commodity markets. Shell expects its trading and optimization result in the integrated gas division to be significantly higher in the second quarter than in the first quarter, the UK-based supermajor said in an update note on Tuesday, ahead of reporting detailed Q2 figures on July 30. The trading and optimization results in the chemica

Aviation industry: Consumer advocates are examining class action lawsuits against airlines

The consumer advice center is investigating a class action lawsuit against airlines that withhold taxes and fees on unused tickets. Those affected can report their experiences.

Denmark to buy two Boeing P-8 aircraft for Arctic surveillance

In recent months, Copenhagen has stepped up efforts to strengthen Arctic subsurface and oversea surveillance capabilities amid Russian threats and US President Donald Trump’s verbal push to acquire Greenland.

Hong Kong yuan facility to expand 150% to US$73.6 billion to meet international demand

Hong Kong will substantially increase its yuan facilities for banks from this Friday, while the city will also introduce a new electronic fixed income and currency (FIC) trading system as part of its latest efforts to promote yuan trading, according to local market regulators on Tuesday. Hong Kong Monetary Authority (HKMA) would increase the quota of its RMB Business Facility for banks by 1.5 times to 500 billion yuan (US$73.6 billion) from this Friday, according to its chief executive Eddie Yue

Economic situation: Industry is coping with the Iran war better than feared

A strong increase by automobile companies boosted production in May. Well-filled order books and lower oil prices give hope.

Oil company: Shell expects strong trading business

The Iran war is affecting trade in gas and oil. The British company still expects brisk trading and is raising its forecast.

Energy policy: Government plans to save billions in heating subsidies

The federal government wants to reform heating subsidies. Climate bonus and eligible costs should gradually decrease. Families and low earners should benefit.

US-sanctioned 'teapot' refiner Hengli leads China petrochem profit spike

Samsung profit soars 19 times but shares slump 6.9% on oversupply worries

Japanese bond yields march toward 3% as fiscal fears escalate

Tokyo's property boom is a warning, not a crisis

Japan's Sumitomo Mitsui Trust Bank to invest in NZ infrastructure investor

Japan's blockchain-based security tokens to open to foreign investors

Fees not refunded?: Consumer advocates are examining class action lawsuit against airlines

Airlines must refund taxes and fees on unused tickets. But not all airlines adhere to this.

Former ‘Grey’s Anatomy’ star Katherine Heigl is selling her gorgeous Utah home for $10.6 million

Katherine Heigl is selling her longtime Utah retreat 14 years after she left the Hollywood spotlight to enjoy a quieter life with her family at the extraordinary mountain home.

Dennis Quaid lists L.A. home for $5.2 million and makes the move to Nashville

The sun-soaked lifestyle he was able to enjoy at the home wasn’t enough to keep Quaid tethered to California, with the actor revealing recently that he made the decision to quit Los Angeles altogether.

Household: Soon there will be less help from the state for climate-friendly heating

The federal government wants to save on funding for heat pumps and other types of heating that are less harmful to the climate. What exactly is planned.

Household: Climate-friendly heating: soon less help from the state

The federal government has to save money. This also applies to funding for heat pumps and other types of heating that have less impact on the climate than gas and the like.

Gasoline Sees 3rd Most Expensive Independence Day Ever

'Average gasoline prices fell in nearly every state over the last week...pushing the national average to approximately $3.74 per gallon this July 4', Patrick De Haan, Head of Petroleum Analysis at GasBuddy said.

China submarine fires long-range missile ahead of Nato summit

Nato chief Mark Rutte said the alliance “cannot be naive” about China’s military build-up, after the nation conducted its first known launch of a strategic missile from a nuclear submarine. “What happens in the Indo-Pacific is relevant to what is happening in the transatlantic,” Rutte told a news conference on Monday, ahead of the military alliance’s annual summit in Ankara, Turkey. The Indo-Pacific and European theatres were becoming “more intertwined”, as was also shown by China’s support for.

Arms deal at the NATO summit: First US rocket production is built entirely on German soil

On the sidelines of the meeting in Ankara, a historic deal was reached between Rheinmetall from Germany and Lockheed Martin from the USA.

How Bersama could cost Malaysia’s Anwar the Johor poll

Malaysia’s former economy minister Rafizi Ramli and his breakaway party, Bersama, are unlikely to emerge as a credible third force in the country’s political landscape, but they could still siphon votes away from the reformist Pakatan Harapan (PH) coalition led by Prime Minister Anwar Ibrahim. Bersama’s first electoral test, in Johor on Saturday, will be watched less for the number of seats it wins than for the votes it might peel away from PH in multi-cornered contests, where analysts warn...

Sri Lanka probes prison riot as death toll rises to 27

Sri Lanka launched an investigation on Tuesday into its deadliest prison riot in years, as the death toll from clashes between rival drug gangs rose to 27. Armed police and commandos were not sent into the prison but were deployed to guard the perimeter of Negombo prison, as authorities tightened security following the clashes on Monday that also wounded more than 100. Justice Minister Harshana Nanayakkara told parliament on Tuesday that a criminal investigation had begun alongside a...