Finance news

Handelsblatt Live: US stock market expert Koch: Tech stocks are recovering

After the shares in the Nasdaq closed with losses last week, the tech stocks started trading on Monday on a solid note. The AI ​​trade seems to be stabilizing, reports Markus Koch.

What signal is China sending with first official footage of sixth-generation fighter?

China’s military apparently released the first official footage of its sixth-generation fighter over the weekend – a move that analysts said might suggest Beijing was ahead of its competitors, including the US, in developing the next generation of warplanes. China Military Bugle, the official press account of the People’s Liberation Army, published a four-minute video on Sunday marking the 10th anniversary of China’s first heavy transport aircraft, the Y-20, entering service. In the video’s...

BörsenTag: Will the rally in US stocks continue?

US stocks had a strong second quarter. But more and more investors are wondering how long the rally will last - and what factors could change the mood.

Trump Signals Diplomatic Opening After Days of U.S.-Iran Strikes

After some persistent Sunday reports, including in The Wall Street Journal, said that last week's renewed tit-for-tat fighting between the US and Iran in the Strait of Hormuz had 'stalled' the next round of talks, President Trump stated on Truth Social Monday that a meeting on Iran would be held in Doha on Tuesday. He stipulated that Iran has requested the talks. "Iran has requested a meeting. It will take place tomorrow in Doha," Trump wrote on his social media platform in all caps. NBC notes i

Wall Street: US stock markets open significantly higher - media stocks gain double digits

Investors are buying US stocks in the new trading week. All three important indices are clearly in the black. Investors are undecided when it comes to technology stocks.

Fusion: Telekom is pushing forward plans for a mega-holding – “Elon Musk is worrying us”

According to insiders, Telekom boss Höttges is pushing ahead with the merger with the US subsidiary T-Mobile. The background is SpaceX's plans that are causing unrest in Bonn.

Rally into July 44th and July 17th, Q3 20% market correction, October melt up.

The guy who runs the best-performing portfolio on Substack posted on June 7 that a 20% stock market correction is imminent due to the yen carry trade playing out. He also called the Iran/US peace agreement (MOU) that weekend before it happened, along with an SPX range through July OPEX. So far, it has played out exactly as outlined. Then, this week, he reiterated the correction call, citing the SMH weekly close, and expects the market to rally into the July 4 weekend and July OPEX before the cor

78 arrested as Hong Kong police bust HK$5 million online shopping scams

Hong Kong police have arrested 78 people in a citywide crackdown on online shopping fraud, solving 165 cases involving more than HK$5 million (US$637,565) in losses, including one victim who was cheated out of HK$1.2 million while seeking cheaper medicine. Officers arrested 59 men and 19 women aged between 15 and 73 during the operation code-named “Blacksword”, which ran from June 15 to 26. Of them, 69 were suspected holders of mule accounts used to transfer or process illicit proceeds, with the

Israel’s Smart Shooter sees c-UAS demand grow across US military: Exec

Smart Shooter VP Scott Thompson told Breaking Defense that the evolving threat of small drones has sparked high demand for kinetic solutions.

Strait of Hormuz Tanker Traffic Slows After Fresh U.S.-Iran Strikes

Tanker traffic through the Strait of Hormuz has eased since late last week as vessel owners and operators remain cautious amid the renewed hostilities between Iran and the United States this weekend. On Friday and Saturday, the US Central Command (CENTCOM) forces conducted strikes against multiple targets in Iran, in response to attacks on two vessels near the Strait of Hormuz. The Thursday attack on the container ship Ever Lovely prompted some shipowners to pull back and wait for additional inf

Foreign trade: Helpless in North Carolina

Half of the German economy has settled in the state on the US east coast. This makes Donald Trump's policies a problem for Governor Josh Stein.

China pledges extra US$14.7 million in earthquake relief to Venezuela

China is providing an additional 100 million yuan (US$14.7 million) worth of relief items to Venezuela after two earthquakes last week left at least 1,450 dead, including eight Chinese citizens. Chinese foreign ministry spokesman Guo Jiakun on Monday said Beijing had decided to furnish the relief items in addition to cash aid already extended to the country. China had also provided satellite images of the affected areas to support Venezuela’s relief operations, he added, noting that Chinese...

Hong Kong physiotherapist loses HK$5m in scam involving ‘beautiful assistant’

A Hong Kong physiotherapist has been scammed out of HK$5 million (US$637,570) after falling victim to an online investment trap that involved helping a virtual “beautiful assistant” hit sales targets, police have said. The case, revealed by police on Monday via their Facebook page, was among more than 80 reports of online investment scams received in the past week, with total losses exceeding HK$86 million. Details released on police’s CyberDefender page on Monday showed that the local...

Chinese vessels shadow US-Philippine naval drills in South China Sea near disputed shoal

The People’s Liberation Army said it dispatched vessels and aircraft to the South China Sea in response to a joint US-Philippine maritime drill in the waters near Scarborough Shoal over the weekend. The PLA’s statement came a day after Manila said four Chinese vessels monitored a US-Philippine maritime exercise near the disputed shoal, which was reported by Philippine media on Monday. A week ago, a rare stand-off between the Chinese and Philippine navies took place near the atoll. Over the...

USA: “What a failure” – Biden attacks Trump

During one of his rare public appearances, the former US president sharply criticized his successor. Biden accuses Trump, among other things, of corruption and abuse of office.

Business ticker: South Korea wants to invest 569 billion euros in chips and AI

Apple wants an exception for China chips from Trump +++ Fewer visitors at the Eurobike bicycle trade fair +++ SpaceX moves up in US indices +++ News in the company's live blog.

South Korea unveils US$576 billion megaprojects to dominate global AI, chip market

South Korea rolled out sweeping chip and AI megaprojects on Monday, as President Lee Jae Myung pledged to cement overwhelming industry leadership with investments worth more than US$576 billion over several years. The announcement marks ⁠Lee’s boldest push yet to align South Korea’s AI and chip ambitions with ‌his pledge to narrow regional disparities and revive economies beyond the Seoul metropolitan area. Lee was joined by the leaders of ‌Samsung Electronics and SK Hynix, the world’s two...

How US-Iran conflict devastated infrastructure in the Middle East

Diplomacy: Wadephul insists on NATO cohesion before US trip

Foreign Minister Johann Wadephul's next trip is to the USA. There he meets his US counterpart Marco Rubio. This is not just about the situation in the Middle East.

Nasa turns to robotic spacecraft to save telescope from falling back to Earth

Nasa is racing to save an ageing telescope from falling back to Earth with a daring rescue mission. The US$30 million salvage operation gets under way as soon as this week with the planned launch of a robotic lifesaver. Nasa hired start-up Katalyst Space Technologies to boost the Swift Observatory to a higher orbit where it can continue hunting for some of the universe’s biggest explosions. A three-armed spacecraft built by Katalyst will chase after Swift once it takes off from an atoll in the..

M+ museum offers free entry to customers caught in design exhibition bottleneck

Hong Kong’s M+ museum has offered ticket holders one free entry in the next three months after poor crowd management led to hours-long queues for an exhibition that opened at the weekend, prompting a wave of customer complaints. The venue’s “Design Ah! Experience the Wonder of Everyday Design” exhibition in West Kowloon Cultural District drew thousands of visitors on Sunday, who paid either HK$190 (US$24) for a standard price ticket or HK$400 for a combo admitting two adults and one child, among

Vanuatu-Australia security pact bans ‘foreign’ military bases

Australia and Vanuatu signed a sweeping economic and security agreement on Monday that bars the establishment of any foreign military base on the Pacific island. Vanuatu is at the centre of strategic rivalry between China and US allies in the South Pacific, and Australia has expressed concern that Beijing is seeking a permanent security presence in the region. The agreement commits Australia to greater economic support for Vanuatu, whose largest external creditor is China, and it stops a foreign

Japan’s new AI police chief takes on US$2 billion scam epidemic

She has a young woman’s voice, a friendly face and a police chief’s badge. Her name is “AIko” and she may be Japan’s most unconventional weapon in a war against fraud that cost the country a record US$2 billion last year. AIko – a blend of the abbreviation for artificial intelligence and “ko”, the Japanese feminine name suffix – made her public debut in late May on Osaka Prefectural Police’s YouTube channel, warning viewers about the tactics used by scammers posing as police officers,...

China’s first AI-powered cancer vaccine production line set to launch in Beijing

China has broken ground on what developers say is the country’s first production line for AI-assisted personalised tumour vaccines, raising hopes for millions of new cancer patients every year – a disease that ranks as the nation’s second-leading cause of death. By October, Beijing-based Likang Life Sciences is expected to complete a new drug research and manufacturing centre in the Beijing Economic and Technological Development Zone, with a total investment of about 110 million yuan (US$16.1...

Situation at a glance: USA is committed to dialogue with Iran despite escalation

Recent attacks between the US and Iran are fueling fears of a resurgence of war. According to US information, both want to continue talking. The situation also remains tense in Lebanon.

Why would Filipinos holiday at home if abroad is cheaper?

Earlier this year, a screenshot of a domestic airfare went viral in the Philippines for all the wrong reasons. The flight was from Manila to Batanes, the country’s remote northern tip. The price: 27,000 pesos (US$440) – enough to fly to Taipei or Hanoi, check into a decent hotel and still have money for dinner. That disconnect sits awkwardly alongside Manila’s latest effort to rev up domestic travel. On Friday, the Department of Tourism launched “Discover More to Love”, a campaign of discounted.

+++ Iran War +++: USA continues to expect Iran talks despite attacks

Iran claims sole control of Strait of Hormuz +++ Israel: Killed Hezbollah fighters in southern Lebanon +++ Trump confirms US attacks and threatens Iran with destruction +++ The news blog.

Australian energy exploration hits 10-year high as Asian gas demand surges

Energy exploration has picked up sharply in Australia, driven ⁠by growing Asian gas demand, technological advances and an improved investment climate, with the Iran war ⁠underscoring the urgency to develop supply after years of sluggish spending. Quarterly oil and gas exploration spending in Australia, the world’s No 2 liquefied natural gas producer, hit a 10-year high of A$471 million (US$324 million) in the March quarter, government data released in June showed. Energy investment sentiment has

Sovereign investors with US$29 trillion pivot to energy assets, flag dollar fears

Sovereign wealth funds and central banks managing US$29 trillion in assets are turning to energy assets, and raising concerns about the dollar, in a portfolio reassessment driven by unprecedented geopolitical shifts, according to a survey ‌published on Monday by independent global investment management firm Invesco. The survey of 90 sovereign wealth funds and 54 central banks showed an increasing focus on diversification, and investment portfolios that can “take a hit and still hold it together”

Iran warns ships not to bypass its chosen Hormuz route

Iran’s top diplomat warned on Sunday that any attempt by ships to bypass its preferred route through the Strait of Hormuz would “increase tensions” in the Middle East, as US and Iranian forces again traded attacks. The exchanges underscored the fragility of a Pakistan-brokered agreement aimed at ending the war launched by the United States and Israel in February that disrupted shipping through the strait and rattled global energy markets. Although a ceasefire took effect in April, sporadic...