Finance news

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...

Trump bashes Washington’s likely next mayor as he touts Potomac golf course project

US President Donald Trump lashed out on Sunday at Washington’s presumptive next mayor, calling her a communist who would destroy the capital city, even as he touted grandiose building projects including the refurbishment of a golf course. Trump said in the Truth Social post that he would meet Janeese Lewis George, who prevailed in the Democratic Party mayoral primary on Tuesday which all but assures that she will win November’s election in the heavily Democratic city. But Trump warned that he...

Iran and US step up attacks and threaten to escalate

submitted by /u/UnitExtension8458 [link] [comments]

China Eyes a Major Opportunity in Post-War Iran

Beijing is positioning itself to lead the post-war reconstruction effort in Tehran - a move analysts suggest could secure China long-term access to critical Iranian oil reserves. The diplomatic groundwork was laid during a recent meeting in New Delhi between Chinese Foreign Minister Wang Yi and the deputy secretary of Iran's Supreme National Security Council, according to Nikkei Asia. The talks underscore China's broader strategy to expand its economic and diplomatic footprint in the Middle East

Inside America: How President Donald Trump is militarizing the US capital

Cameras, National Guard, police officers – Washington's surveillance is increasingly reminiscent of Beijing. The 250th anniversary celebrations reinforce the impression.

How is China shaping up in the global competition to sell air defence weapons?

Chinese firms joined their global competitors at Eurosatory, the recently concluded arms fair, where the latest air defences were the centre of attention in a market made more important by the drone warfare seen in Ukraine and the Middle East. Experts said China could anticipate sales from the Global South thanks to its cost efficiency, but geopolitical constraints would continue to bar it from US-allied countries that were looking for combat-proven and interoperable systems. China’s largest...

Bonds: Big Tech issues billions in bonds in the euro area: What does this mean for European corporate bonds?

US technology companies such as SpaceX, Nvidia and Amazon have issued bonds for $219 billion since January. This is also what concerns companies and investors in Europe.

Management moment: When should you respond to provocations?

US President Donald Trump and Italian Prime Minister Giorgia Meloni are in a clinch. And it reveals a lot that also helps in the office.

China leads in GPS-style, reconnaissance and anti-satellite abilities, US report says

China has leapfrogged the United States in a few mighty important sectors of space technologies: GPS-style navigation, spy-in-the-sky reconnaissance and even the ability to knock satellites out of orbit, according to a report from a US think tank. The report from the Washington-based Information Technology and Innovation Foundation said China had rapidly built a powerful commercial space sector under strong state backing and was narrowing the innovation gap with the US. “If the United States...

3 held as Hong Kong police seize HK$180m of suspected cocaine at typhoon shelter

Hong Kong police have seized 241kg of suspected cocaine estimated to be worth HK$180 million (US$23 million) from a typhoon shelter, marking the largest bust in the past year. Acting Senior Superintendent Kwan Chun-hin from the narcotics bureau said on Sunday that police arrested three individuals – the suspected mastermind and two key members of the trafficking syndicate – during the raid at the Aberdeen Typhoon Shelter on Friday. The operation dismantled the group and disrupted its supply...

+++ Iran War +++: Iran claims sole control of the Strait of Hormuz

Israel: Killed Hezbollah fighters in southern Lebanon +++ Trump confirms US attacks and threatens Iran with destruction +++ US insider: Iran attacks Bahrain and Kuwait +++ The news blog.

US withdrawal: This is how Trump's troop withdrawal affects German municipalities

The US troops not only ensure security in Germany, they are also the most important employer in some communities. Mayors fear fatal consequences if they withdraw.

Comment: Apple's price increase of up to 66 percent is just a foretaste

The US tech company is massively raising prices. The reason is the cost of the AI ​​data centers. The real problem for the entire industry lies much deeper.

+++ Iran War +++: Israel: Killed Hezbollah fighters in southern Lebanon

Trump confirms US attacks and threatens Iran with destruction +++ Bahrain condemns Iranian drone attacks on its own territory +++ Iran reports attacks on US sites +++ The news blog.

Iranian drones target Bahrain after US offensive, straining ceasefire

Bahrain said it had been targeted by Iranian drones and a ship in the Strait of Hormuz was struck on Saturday, adding fresh tension to the detente established in the wake of an interim US-Iran peace deal signed earlier this month. Bahrain’s foreign ministry said a number of Iranian drones targeted the country, home to the US Navy’s 5th Fleet, early on Saturday morning, state-run BNA reported. Tehran has repeatedly targeted it and other Gulf states that host American military bases and thousands.

Iran War: Revolutionary Guards: Targets in Kuwait and Bahrain attacked

After the latest attack by US forces on targets in Iran, the Iranian Revolutionary Guards say they are attacking US allies in the Gulf region. Is there a risk of a new escalation?

Hong Kong’s AI push needs a broader vision and more realistic goals

Hong Kong cannot be faulted for not working hard enough to catch up in the global artificial intelligence (AI) race. Government funding is flowing generously towards projects focused on AI adoption. In recent years, the government has pumped billions into building the necessary infrastructure, including HK$2.84 billion (US$364 million) for a semiconductor centre, HK$3 billion for an AI subsidy scheme and another HK$1 billion allocated for an advanced AI R&D institute. In March, the government...

US migration policy: Trump nominates new head of the ICE immigration agency

In the USA, the acronym ICE stands for the controversial immigration authority that attracted attention with brutal deportation raids. Now a new person should lead the authority.

Iran War: US attacks on Iran again

The USA announces new attacks on Iran. It is said to have been another retaliatory strike for an Iranian attack. US President Trump is angry and threatens Tehran.

Mitsubishi Heavy to invest over $618m in Japan, US gas turbine operations

Dan Sullivan can challenge US Senator Dan Sullivan in Alaska primary, judge rules

A man with the same name and party affiliation as Alaska Republican US Senator Dan Sullivan is eligible to challenge the senator in the August primary, a judge ruled on Friday. Superior Court Judge Thomas Matthews’ ruling overturns a June 15 decision by Division of Elections Director Carol Beecher to disqualify the challenger and keep him off the primary ballot. Matthews’ ruling can be appealed to the state Supreme Court. Lawyers for the state have said Tuesday is the deadline for a final ruling

Venezuela quakes kill almost 1,500, with millions more in need

The death toll in Venezuela’s twin earthquake disaster reached 1,430 Saturday, and millions more were feared to lack sanitation and other basic needs, as the first US aid flights trickled into Caracas. Facing public outrage at the response by local officials, US-backed interim Venezuelan leader Delcy Rodriguez said the country was “not alone”. The US said one runway at Simon Bolivar International Airport was now functioning and that C-17 US military planes were landing there, while a naval ship.

Japan's top banks weigh how to raise dollars for promised US investments

World Cup 2026: The fight for the lucrative jersey business: Nike takes over – and hits Adidas in its home market

Nike is already advertising the next German dress. In 2027, the US manufacturer will replace Adidas as supplier - in the middle of the most profitable jersey market of all time. This is also due to a trend.

US, Mexico Catholic bishops call for humane treatment of migrants

More than 100 Catholic bishops, nuns, priests and parishioners joined a procession across ⁠the US-Mexico border on Friday evening, urging the US government to treat migrants with dignity and respect. The procession, from Nogales, Arizona, to its sister city in the Mexican state of Sonora, was planned to coincide with commemorations of America’s 250th anniversary. “We want to be well together. This is what the Church is all about,” Bishop of Tucson, Arizona, James Misko said as he celebrated mass

‘This is an unhealthy environment’: Arctic researcher Li Xueke leaves the US for Hong Kong

For climate scientist Li Xueke, the decision to leave the University of Pennsylvania for Hong Kong was a pivot to the front lines of the global green economy. As climate change turns the Arctic into a seasonally navigable ocean, Li’s research on critical new shipping routes could shed light on the economic impacts of a warming planet. Li joined City University of Hong Kong (CityU) last month as an assistant professor in the school of energy and environment, following a decade of study and work..

Business ticker: Despite the delivery ban, Apple probably wants chips from China

Apple wants to stick with a supplier on the US black list and is increasing prices for MacBooks and iPads +++ Tesla is hiring another 1,000 new employees in Grünheide +++ News in the company's live blog.

US ally Bahrain claims Iran attacked navy base as Hormuz closed

Iran said it struck targets linked to US forces on Saturday in response to US air strikes on its southern coast, as each side continued to accuse the other of violating last week’s agreement meant to end the four-month-old war. Iran’s foreign ministry did not identify the locations of its “defensive” attacks, which it said were a response to “the barbaric air strikes” by the US on its coastal surveillance facilities, which it said also violated the UN Charter. Later, ‌Bahrain, which hosts the US

+++ Iran War +++: Again US attacks on Iran

British military reports attack on tanker in Strait of Hormuz +++ Bahrain condemns Iranian drone attacks on its own territory +++ Iran reports attacks on US sites +++ The news blog.

+++ Iran War +++: British military reports attack on tanker in Strait of Hormuz

Bahrain condemns Iranian drone attacks on its own territory +++ Iran reports attacks on US sites +++ US Vice President Vance – “Violence is met with violence” +++ The news blog.