Finance news

Crowds top 10,000 at Hong Kong’s Cheung Chau Bun Festival as parade draws visitors

Hong Kong’s annual Cheung Chau Bun Festival drew more than 10,000 visitors by noon on Sunday, including tourists who had travelled specially to witness the signature parade featuring “floating” children dressed as Middle Eastern oil moguls and judges. Visitors to the outlying island on Sunday splurged on frozen pineapples, watermelon juice and frozen mango mochi to beat the heat as the mercury hit 30 degrees Celsius (86 Fahrenheit). The event, also known as Da Jiu Festival, includes the Piu Sik.

Gamechanger: Plastic garbage in the sea could make sunscreens safer

Ideas that change and improve our world. Introducing them. This time: bacteria in the oceans as a basis for sunscreens, for example.

A powerful bomb has exploded near railway track in southwest Pakistan, wounding more than two dozen - AP News

A powerful bomb has exploded near railway track in southwest Pakistan, wounding more than two dozen AP News

War in Ukraine: How China Keeps Russia's Defense Industry Alive

China is playing a double game in the war against Ukraine: officially, Beijing is neutral and denies any support from Russia. But in fact, the People's Republic supplies technology and components to the partner, which can also be used militarily.

Iran war: Agreement with Iran close according to Trump – critics fear lousy deal

According to Trump, the US and Iran are on the verge of a framework agreement to end the war. But that's not for sure. Tehran is self-confident. Does Washington compromise a lot?

Management moment: Disappointed, but stayed – this is how you keep top performers in the team

National coach Julian Nagelsmann relies on Manuel Neuer, not Oliver Baumann, for the World Cup. How can such U-turns be explained without harming the team?

Fund tip of the week: A fully-equipped fund for those who do not visit the depot every day

Hand over the steering wheel, collect returns: The Allianz Dynamic Multi Asset SRI 75 offers a broad mix, experienced management and a chance of 9.1 percent per year.

WiWo History: William Boeing founded his company in 1916, he lost an empire in 1934

As a teenager, William Boeing discovered his passion for aviation. Four decades later, he revolutionized them. His success, of all things, leads to decline.

Espionage: "No critical information has flowed to China"

Chinese spies are said to have investigated RWTH professors. From the point of view of university officials, this is no big deal – such cases have long been part of everyday life.

Will Zimbabwe’s lithium strategy help it break into the value-adding game?

Zimbabwe is betting that its move into lithium processing will finally break the cycle of digging and shipping ore that has defined its mining sector for decades. This follows the export of the continent’s first consignment of lithium sulphate by Prospect Lithium Zimbabwe, a subsidiary of China’s Zhejiang Huayou Cobalt, from its US$400 million Arcadia mine near Harare last month. The milestone came after Harare unexpectedly brought forward its ban on raw mineral exports to February this year to.

Wolfgang Kubicki: "We have one year to get the FDP talking again"

Everything is noticeable: Wolfgang Kubicki will soon be elected as the new chairman at the FDP party conference. Here he talks about his bailout plan for the Liberals.

Powerful bomb explosion in Pakistan's Quetta kills 24, reports say - Reuters

Powerful bomb explosion in Pakistan's Quetta kills 24, reports say Reuters

Southeast Asia holds the key to unlocking Korean impasse

This article discusses the growing diplomatic role of Southeast Asian countries in Korean Peninsula affairs. Vietnam, Indonesia and Laos are presented as potential mediators because they maintain relations with both Koreas while navigating broader US-China competition. submitted by /u/Carob-Inside [link] [comments]

Man dies after shark attack on Australia's Great Barrier Reef - Reuters

Man dies after shark attack on Australia's Great Barrier Reef Reuters

Japan to scour social media in hunt for visa overstayers, illegal foreign workers

Japan’s immigration authorities plan to crack down on visa overstayers and illegal foreign workers by monitoring social media and other platforms for information or leads. The initiative is part of the country’s efforts to reduce the number of overstayers at a time when Japan is taking in more foreign workers due to labour shortages. As early as next year, the Immigration Services Agency plans to use analytical tools to identify online information related to illegal work, including solicitations

What would you do in a "lost decade"?

Historically, there have been a few "lost decades" for stocks - periods of 10 to 20 years where stocks didn't grow at all. The most recent one was the dot-com bubble and GFC, when it took the stock market about 13 years to recover, and that's not even accounting for inflation. We're so used to the stock market giving us great returns year after year that I'm not sure how I'd react if it had 2-3 major crashes one after another and ended up with zero growth over, say, 15 years. It must be psycholo

How the Spaniards defend themselves against high rents

Affordable housing is also scarce in Spain. Over the past decade, rents have almost doubled. It is not just the pressure of holiday apartments and short-term rentals that is to blame. By Julia Macher.

US: Trump expects timely agreement with Iran – Tehran criticizes US presentation

According to the US president, an agreement is imminent, and Pakistan, the mediator, is also reporting progress. Iran, however, denies Trump's “incomplete claims.”

Guardiola says Man City successor cannot be 'copy and paste' - Reuters

Guardiola says Man City successor cannot be 'copy and paste' Reuters

California races to prevent chemical tank explosion as thousands evacuated

Firefighters warned on Saturday that a tank of toxic chemicals in California is heating up, adding to fears of a catastrophic explosion that has already forced tens of thousands of Californians to evacuate. About 40,000 residents were ordered to leave their homes in the Garden Grove area of Orange county, southeast of Los Angeles, on Friday after the tank began to leak, sending fumes over a heavily populated area. The tank contains 26,000 litres (7,000 gallons) of methyl methacrylate, a volatile

Why Japan has more libraries even though people are reading less

In the middle of Washington: Officials kill shooters at the White House – Passer-by injured

While US President Trump is in the White House, there is a firefight outside. The Secret Service shoots at a suspected attacker.

Beyond China: emerging markets hold key to profitability for world’s largest robovan fleet

Chinese robovans could generate twice as much revenue in Southeast Asia and the Middle East than in the domestic market, making overseas expansion a must for profitability, according to autonomous driving leader Zelos Technology. The company claims to have built the world’s largest robovan fleet since it was founded in Suzhou in 2021, but scaling up international business was key for survival, said Sean Zhang Xuchen, co-founder, chief operating officer and head of global business at...

How Chinese traders in Iran are keeping business afloat as war capsizes naval shipping

As the US-Israel war on Iran stretches past its 80th day and continues to upend global naval shipping, a growing number of Chinese investors in Iran are turning to railway and overland transport routes to keep their businesses afloat. While disruptions to ship traffic in the Strait of Hormuz show little sign of abating, many are hoping that transcontinental freight links across Eurasia could become a more reliable option. Chinese trader Han Yun has spent recent weeks travelling long distances...

Nissan unit scraps plan to make EV powertrains in UK, Nikkei says - Reuters

Nissan unit scraps plan to make EV powertrains in UK, Nikkei says Reuters

Running from US investment

After Iran gets done humiliating Trump and the USA, we will need to rethink global risk allocations. If the US is really so weak they can’t control 100km of water, then there is no way someone should be putting 30% in the USA, let alone 70%. What’s your game plan now that China is the dominant power in the world? More allocation to China? Just avoid the dollar? submitted by /u/Delicious-Plastic-44 [link] [comments]

Russian missiles pummel Kyiv in retaliation for dorm attack that killed 18

Russia pounded Kyiv with a large missile and drone attack early on Sunday, killing one person and wounding 20, authorities said, after Moscow threatened retaliation for strikes in Russian-occupied eastern Ukraine. Multiple rounds of loud explosions were heard in the Ukrainian capital throughout the early hours of the morning. “Tonight Kyiv region is once again enduring a mass enemy attack with strike drones, cruise missiles and ballistic missiles,” said Mykola Kalashnyk, the head of the regional

Iran executes person for sending information to US, Israel during war, judiciary says - Reuters

Iran executes person for sending information to US, Israel during war, judiciary says Reuters

‘We are very proud,’ John Lee tells first Hong Kong astronaut ahead of space flight

Hong Kong’s leader has sent his blessings to the first local astronaut, Lai Ka-ying, in a video call ahead of the launch of the Shenzhou-23 space flight on Sunday, calling her participation in the mission a reflection of the country’s trust and support for the city. Payload specialist Lai, in response, recalled her packed, tough training in Beijing, which had “finally come to an end”, while expressing confidence that she would complete her space mission. Chief Executive John Lee Ka-chiu on...

Trump says a deal with Iran and opening of Strait of Hormuz are ‘largely negotiated’ - AP News

Trump says a deal with Iran and opening of Strait of Hormuz are ‘largely negotiated’ AP News