Finance news

Increased consumer prices: Walmart lowers food prices – at Trump’s request

The world's largest retailer is now offering many products at lower prices. The American president is claiming this success – not for the first time. Walmart releases a statement.

Hong Kong activist Joshua Wong expected to plead guilty in foreign collusion case

Hong Kong jailed activist Joshua Wong Chi-fung has indicated he will plead guilty to conspiring with a fugitive former lawmaker to collude with foreign forces six years ago. The High Court has scheduled a plea and sentencing hearing for the 29-year-old on September 2, according to the judiciary’s website on Tuesday, signalling his intention to admit the charge, which carries a maximum penalty of life imprisonment under the Beijing-decreed national security law. The court has yet to announce the.

India’s Fuel Consumption Slips Despite Record Crude Oil Imports

Despite recovering energy flows out of the Middle East, India’s fuel consumption last month fell by 3.7% from May to a total of 19.24 million metric tons, Reuters has reported, citing data from the country’s oil ministry. Fuel consumption was also down on the year in June, by 3.1%, the data showed. However, gasoline sales were up on the year, by a substantial 7.4%, even though they were down on the month, by 3.2%. Reuters suggested sales of gasoline to Russia played a role in the sales increase,

France: Judgment expected – can Le Pen become president in 2027?

Le Pen is said to have embezzled funds; a court ruling on this is expected today. Why this could have consequences for the presidential election in France.

Sex assault claim throws key US Senate race into question

⁠Democratic Party leaders on Monday called on Graham Platner to withdraw as their nominee to run against Republican US Senator Susan Collins of Maine, after media reports that a woman accused him of forcibly having sex with her nearly five years ago. Senate Democratic leader Chuck Schumer and Senator Kirsten Gillibrand of New York, who heads the Democratic Senatorial Campaign Committee, said in a statement: “The DSCC will not invest in the Maine Senate race if Platner remains on the...

Chinese tourist’s World Cup flag blunder in Malaysia goes viral

A video showing a Chinese tourist berating hotel staff in Malaysia for not flying China’s flag has gone viral after viewers pointed out the flags belonged to the nations competing in the Fifa World Cup finals. The man, who was reportedly in Kuala Lumpur on business, confronted a staff member at his hotel’s breakfast restaurant after noticing flags from dozens of countries but not China’s. In the clip, he can be seen interrogating a visibly confused worker for an explanation before telling her:..

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

Trump's punitive tariffs are having an impact. Toyota is planning a new plant in Texas for $3.6 billion. The backgrounds.

Start-up industry: AI boom sets new record for German start-ups

More start-ups are emerging in Germany than ever before. There are business opportunities and new possibilities with AI, but also constraints on the labor market.

Time bar saves Singapore WP’s Lim, Faisal from parliamentary action for lying under oath

No further action was necessary by Singapore’s parliament against Workers’ Party (WP) politicians Sylvia Lim and Faisal Manap over their lying under oath, as the case fell outside a legal time bar, Leader of the House Indranee Rajah said on Tuesday. “Had the timelines been different, I would have proposed a different course of action,” she told parliament while delivering a ministerial statement on a “determination” of the Committee of Privileges’ (COP) findings on Lim and Faisal. Lim is a...

Minibus driver arrested in Hong Kong for allegedly knocking down elderly pedestrian

Hong Kong police have arrested a 74-year-old minibus driver on suspicion of dangerous driving after he allegedly ran over a 90-year-old man crossing a road in Kwai Chung. Police said the accident was reported at about 7.24am on Tuesday on 188 Hing Fong Road. The driver, surnamed Yan, was driving a public light bus towards Kwai Fong when he allegedly struck the elderly pedestrian, surnamed Leung, who was crossing the road. Officers arriving at the scene found the 90-year-old with a head injury...

Female fertility: It gives new hope to childless people

Only one in three artificial inseminations is successful. Melina Schuh knows why. The exceptional scientist has made groundbreaking discoveries about egg cells. Now she is turning her knowledge into a product.

More hardship in fuel-starved Cuba, hit by third nationwide blackout this year

Cuba on Monday suffered its third nationwide power outage since the start of the year, causing mounting despair in the face of an energy collapse precipitated by a US fuel blockade. The communist island was already struggling to keep the lights on before US President Donald Trump in January cut off its oil supplies, depleting the dwindling supply of fuel for its power plants. Union Electrica (UNE), the state electricity company, announced a “total disconnection” to the entire island at midday,..

Samsung: Samsung reports record profits – shares cannot benefit

The largest memory chip manufacturer is benefiting from the AI ​​hype. But this is slowly coming to a standstill, which is unsettling investors.

Prien wants to save: What should change when it comes to parental allowance

The Family Ministry wants to save 500 million euros a year on parental allowance. The draft law is still in departmental coordination. What changes could come now.

Chinese AI models are gaining ground with U.S. companies as OpenAI, Anthropic costs surge

Recent model releases from Chinese companies including DeepSeek and Z.ai are seen by many as highly competitive compared to leading U.S. frontier systems.

Canada picks Germany’s TKMS for historic submarine buy, in nod to Europe

The firm had offered its Type 212CD submarine which is being built for both Germany and Norway, beating a competing bid from South Korea's Hanwha Ocean.

M 25 need help investing I’ll type below .

Hello eveyone I’m 25yo and I want to invest $110k into a managed account where my money is invested into stocks and grows over time , I have Robinhood and Robinhood managed that Ive used for a while but I don’t think it’s a great ideal to put that much into Robinhood managed or is it ? I use that just for savings I’ve been looking into banks and the top 3 are Chase , vanguard and fidelity , which should I choose ? submitted by /u/Fvcctheoppss [link] [comments]

Are Fidelity and Schwab literally free to trade on?

I have an advisor that charges just under 1%. I'm not comfortable to invest on my own yet, but I'm getting there. Just reading about Fidelity and Schwab. I can't seem to find the fine print anywhere. I know there may be expense ratios for actual funds, but other than that are they literally free? Is there some magic number like if I invest $100k it's going to start charging? How can they be legitimately free? Are there hidden fees? submitted by /u/iloveu3thousand [link] [comments]

Thai beer heir opens up, Philippine ube’s ‘purple gold rush’: 7 Asia highlights

We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. US touts regional ‘balance’ in missile sale to Singapore. What does it mean? Washington has recently approved a proposed US$22.3 million sale of additional Hellfire missiles to Singapore, with the US State Department declaring that the transfer and associated arms...

Joy and tears as Hong Kong students receive secondary school allocations

Hong Kong’s Primary Six students received their secondary school results on Tuesday after years of hard work, with many elated and some already deciding what subject to major in at university or considering pathways to studying overseas. Tears of joy and relief filled the school hall at Yaumati Catholic Primary School (Hoi Wang Road) as students and parents received their long-awaited secondary school allocation results. Among them was 12-year-old Carmen Leung Ka-man, who collapsed into her...

Robots are taking over the factories: the humanoids are here. But what can they really do?

Europe's industry relies on humanoid robots. Millions of them are expected to be in use by 2030. But can technology deliver on its promises?

TKMS wins submarine deal: With this strategy, TKMS secured the superlative submarine deal

12 submarines, more than 37 billion euros: TKMS wins the largest arms deal in the company's history shortly before the NATO summit. But crucial details are still open.

How do you measure the real strength of a real estate portfolio beyond just “ROI”?

I have been thinking about how investors compare real estate portfolios in a more serious way, similar to how stock investors look beyond simple returns and use metrics like Sharpe ratio, volatility, drawdown, dividend yield, beta, etc. In real estate, most people casually talk about “capital appreciation” or “rental income”, but I feel that does not give the full picture. Two investors can both make 8% rental yield, but one may be over-leveraged, exposed to vacancy risk, paying high service cha

Japan weighs Myanmar aid restart to counter China’s growing clout

Japan is facing mounting calls to decide whether its long-frozen development aid to Myanmar should stay that way, as rights advocates warn that any resumption could ease pressure on a regime accused of widespread abuses. The decision is a delicate one for Tokyo, which has tried to retain influence in Myanmar without appearing to legitimise the junta that seized power in 2021 – all while watching China deepen its own engagement with the country. Human Rights Watch has urged Japan to resist...

China hit by multiple extremes in fatal start to predicted extreme flood season

Landslides, floods, strong rainstorms and tornadoes have led to multiple deaths across China, with people still missing as meteorologists warn the country faces “complex” disaster prevention challenges this year. The annual flood season, which officially began on July 1, will be affected by global warming and El Nino, they said. President Xi Jinping has instructed that “all-out efforts” must be made for emergency rescue and relief, medical treatment should be provided to the injured and...

Singapore named world’s most expensive city for luxury spending for fourth year in a row

Singapore is the world’s most expensive city for luxury spending for a fourth consecutive year, as prices on items such as watches and jewellery surge around the globe. Zurich climbed to second place, edging out London, while Monaco entered the top three for the first time since the survey began in 2020, according to an annual report by Swiss wealth manager Julius Baer Group. Hong Kong and London rounded out the top five. Zurich’s three-place rise was propelled by the strengthening of the Swiss.

Can FIFA make Lenovo an AI heavyweight?

South Korea's Hanwha loses major Canadian submarine deal

Indian security analysts alarmed by Bangladesh-China port deal

Can China and US find common ground on AI governance in Geneva?