Finance news

◇ unclassifiedusa · europe · russia

UK running out of time to boost defense as investment plan stalls, military chief warns

Defence Minister John Healey said on Monday that Prime Minister Keir Starmer was determined to publish it before a July 7 NATO summit.

◇ unclassifiedchina · asia · usa

Hong Kong tour guide stripped of licence over coercing visitors into shopping

A Hong Kong tour guide accused of threatening visitors into making shopping purchases has been struck off for damaging the sector’s reputation and breaching professional conduct, in the second disciplinary action of its kind in less than two months. The Travel Industry Authority said on Friday it revoked Siu Man-chung’s tour guide licence after investigating complaints that Siu made “inappropriate remarks” to pressure inbound mainland Chinese visitors into shopping during tours conducted between

The Tech Download: Anthropic’s IPO sets up first big test of AI boom valuations

Anthropic took a big step this week towards pipping bitter rival OpenAI to a public market listing.

European Union: Merz: EU must show willingness to expand

The EU has not accepted a new member for 13 years and has even lost one, Great Britain. Now two powerful EU countries are giving new impetus for enlargement.

Warren Buffett disciple Guy Spier built career on value investing. A rare cancer changed everything

After a glioblastoma diagnosis, value investor Guy Spier rethought wealth, time and legacy — and the impact he can have on rare disease research.

Collective deportation postponed: Taliban have canceled planned deportation to Kabul

A repatriation flight has failed: Why Berlin is negotiating with the Taliban about diplomats and repatriations - and what that means for Afghans who are delinquent in Germany.

◇ unclassifiedgermany · europe · russia

Ukraine war: Ukraine receives further loan aid from the development bank and the EU

Russia's attacks on Ukraine continue. The country's economy also suffers from this. Ukrainian companies are now receiving financing support from the West.

◇ unclassifiedchina · asia

Hong Kong taps banks, lawyers and crypto firms to help rewrite rules for tokenised bonds

Hong Kong’s de facto central bank has formed a group of industry experts to help remove legal and regulatory hurdles to tokenized bonds, as authorities seek to move beyond pilot projects and encourage wider adoption from private issuers. The Hong Kong Monetary Authority (HKMA) said on Friday it had established a Tokenised Bond Expert Group comprising 21 institutions spanning banks, law firms, market infrastructure providers and digital asset companies to support the development of the city’s...

Walmart’s stock was once a market darling. Now its tech-fueled valuation faces a reality check.

Walmart shares have lagged peers and the S&P 500 this year, with some analysts noting that business is still dominated by low-margin grocery sales.

Bulls declare victory in AI debate, but two classic signs of a market top are looming

The trend of ‘capex recycling’ is considered a problem by a TS Lombard analyst

◇ unclassifiedgermany · europe · australia

US fast food restaurant chain: Taco Bell is coming to Germany

“Tex Mex” cuisine is popular in the US fast food industry, not least thanks to Taco Bell. In Germany, the chain is currently only present on US military bases. That should change shortly.

Social◇ unclassifiedgermany · usa · europe

Development of GKV + care contributions - what awaits us in 2027

We are heading towards the highest absolute adjustment since the introduction of the GKV. With current reforms and proposals, the maximum contributions for GKV + care will increase by around 14% in the new year. Incomes below the JAEG are less affected. Since the topic is currently being discussed daily and many people have probably lost track of it, I tried to combine all the current developments of the last few weeks into a table. The values for 2027 are an estimate based on

Social◇ unclassifiedgermany · europe

200k - how would you spend your ETF?

Because there have been more and more posts about sailboats and Vietnamese weddings lately. How would you destroy your ETF portfolio of €200,000? submitted by /u/cool-kid-in-da-haus [link] [comments]

◇ unclassifiedchina · asia · japan

Australian fined, given suspended jail term for dining and dashing in Hong Kong

An Australian man, who claimed to be a lawyer, has been fined HK$2,000 (US$255) and given a suspended sentence by a Hong Kong court for repeatedly leaving restaurants without paying. Samuel Anthony Monkivitch, 50, was also ordered to pay HK$2,039 in compensation to two Shangri-La hotels in Admiralty and Tsim Sha Tsui, as well as a Japanese restaurant, after skipping out on bills on four occasions between April 24 and May 5. Eastern Court heard on Friday that Monkivitch used various excuses to...

◇ unclassifiedgermany · europe · taiwan

TSMC is not afraid of competition: “I would just say ‘good luck’ to Elon Musk”

The most important contract manufacturer of chips for the entire world is taking the challenges of new competitors calmly. Instead of bonus excesses, the Taiwanese want to increase their energy security.

◇ unclassifiedeurope · brazil

Brazil trade promotion chief shrugs off EU livestock ban threat

ApexBrasil chief insists Brussels only seeks further guarantees

Sports car: “Not until 2030” – Lamborghini is distancing itself from electric cars

After Ferrari's false start, Lamborghini boss Stephan Winkelmann openly doubts that the VW subsidiary needs an electric car quickly. There is political poker behind this.

Tariffs: Employees in retail stop working again

Verdi expects more than 10,000 workers to take to the streets in German cities. The background is ongoing collective bargaining.

Social◇ unclassifiedsocial-signal

Aswath Damodaran: The Numbers are in: A Post-Prospectus SpaceX Valuation!

The Numbers are in: A Post-Prospectus SpaceX Valuation! Aswath Damodaran valued SpaceX a few weeks ago, using piecemeal information and entirely on narrative, and promised to return to the valuation when the prospectus was public. The prospectus has now been filed, and the offering price set, and he revisits SpaceX, armed with the additional information. submitted by /u/Round_Ad_40 [link] [comments]

Car manufacturer: Visiting the Shiroyama test center: How Lexus wants to make electric cars profitable

While many manufacturers are scaling back their ambitions, Toyota's premium brand is investing in electric cars. Lexus relies on mixed platforms and shows on site how the strategy should work.

◇ unclassifiedchina · asia

How China imperial exam leaves historical footprint and impact on gaokao, modern education

In the first of a two-part series focusing on China’s hugely important national college entrance examination, or gaokao, the SCMP examines and explains the origins of the test and how it influenced not only the nation’s modern education system but those elsewhere in the world. Each June, China’s gaokao turns the country’s classrooms into arenas of aspiration as millions of students sit an exam seen as a path to university and a better future. Its cultural ancestor is sometimes traced to the...

Social◇ unclassifiedeurope

270k cash incoming, what would you do?

Hi all, I just sold a home and got 270k usd cash. Im invested fullly on the narket since 13 years in 90%VT 10%btc (plan on reducing it to 5% when it rebunds). I'm 36yo, from europe and living in a no capital gains tax country (Switzerland). My total nw invested on brokerage is about 2m usd (+ another 250k in a pension account invested more conservatively by my employer). I beleive the stock market is the true only way to generate meaningful financial freedom with the least headaches and I want t

We thought we found the perfect luxury retirement community, but it’s millions of dollars in debt. Are we trapped?

“If we were to leave, we would lose a portion of our buy-in — about $80,000.”

◇ unclassifiedgermany · europe · uk

Minus 0.2 percent: Euro economy shrank unexpectedly in the first quarter

The euro zone's gross domestic product fell in the first quarter. In a previous estimate, the statistical authority Eurostat had expected slight growth.

◇ unclassifiedgermany · europe · usa

Minister of State for Culture: Weimer attacks AfD – “It will collapse like a soufflé”

The Minister of State for Culture clearly criticized the AfD in an interview. The party will lose this legislative period – under one condition.

◇ unclassifiedchina · asia · usa

How a pig farm dispute exposed fault lines in Malaysia’s multiracial politics

Pig farmers in the central state of Selangor have spent years trying to keep their business out of Malaysia’s culture wars. A royal decree has dragged them straight into one. The state’s decision to shut down pig farms, prompted by Sultan Sharafuddin Idris Shah, Selangor’s hereditary ruler, has transformed a long-standing local dispute over pollution and odour into a flashpoint touching on royal influence, the livelihoods of a minority community and the delicate balancing act facing Malaysia’s..

◇ unclassifiedchina · asia · russia

Chinese military team inspects Russian bases as Putin hails ‘natural allies’

A PLA inspection team visited several facilities in Russia’s Eastern Military District this week, including an air defence missile unit in the far-eastern Jewish Autonomous Region, Russian media reported. The visit, conducted under a decades-old confidence-building mechanism, came as President Vladimir Putin described China and Russia as “natural allies and partners”, while emphasising that their deepening military cooperation was not directed against any third party. The June 2-3 inspection...

◇ unclassifiedgermany · europe · usa

USA: US Senate approves billions in funding for immigration authorities

Because of the narrow majorities, the Republicans are having difficulty holding their group together. In the end, a fund remains possible that could pay out money to Trump supporters.