Finance news

Why are Hong Kong, mainland universities rising in global rankings as US ones fall?

The global higher education landscape has shifted markedly over the past five years, with universities across Asia, particularly in Hong Kong and mainland China, climbing international rankings while more than 70 per cent of US institutions slipped, a South China Morning Post analysis has found. UK-based education data firm Quacquarelli Symonds (QS) said the trend signalled that excellence in higher education was no longer dominated by a handful of Western countries, attributing the improved...

Prosperity debate: Krugman on the wrong track

US economist Paul Krugman says Europe is not lagging behind the US in terms of productivity. But he measures incorrectly.

Can Andy Burnham fix Britain’s essential services and debt problem?

Nowadays, prime ministers and even presidents cower before the mighty bond markets. These have the ability – in democracies, at least – to have leaders ejected from office via the ballot box, as even US President Donald Trump appears to acknowledge. However, it is not enough to simply offer dismissive gestures towards the bond markets, as some political leaders have discovered to their cost. It is much more important to ask why it is that bond markets have become so powerful. It is refreshing in

Artificial Intelligence: US government restricts access to new AI from OpenAI

In the future, the American government will have a say in who gets access to powerful new AI models. One trigger is the fear of AI being misused for cyberattacks.

Space travel: SpaceX moves up in US indices – high demand expected

Nasdaq, S&P 500, FTSE Russell – major index providers want to attract mega IPOs. To do this, they make access to their indices easier. But SpaceX is not yet expected to be listed everywhere.

Iran survived 3 months of war. Can it survive the aftermath?

Three months of war with the United States and Israel may not have broken Iran’s resistance, but its economy has been brought to its knees. Forty days of American and Israeli bombing in March and early April – targeting energy grids, steel mills, petrochemical plants, ports and transport corridors – were followed by a two-month US naval blockade that sealed off much of what remained. The damage bill has reached an estimated US$270 billion against a gross domestic product of US$371 billion in...

From Kuantan to ‘Oscars of science’: top Malaysian scientist is constantly adapting

For Dr Thein Swee Lay, the only Malaysian scientist to have won the Breakthrough Prize, cracking a code in gene therapy was easier than hunting down an authentic version of her hometown popiah – or spring rolls – in the US, where she has been based for years. “I have not come across a Malaysian restaurant that sells good popiah. I miss it,” Thein told This Week in Asia in an exclusive interview where she fondly reminisced about her childhood in Malaysia’s coastal town of Kuantan. Thein, the...

Singapore graduates settle for half pay in brutal jobs market

As the class of 2026 join the race to find jobs, unemployed college graduates in Singapore are taking a last-ditch shot at getting ahead via temporary government-funded gigs that earn them half the median first pay cheque. The government’s Graduate Industry Traineeships, known as GRIT, offer a stopgap for graduates to gain industry-relevant experience with government agencies or private businesses, earning between S$1,800 to S$2,400 (US$1,400 to US$1,850) per month. The lowest end of that range.

US eases ban on AI model Mythos feared to aid cyberattacks

The US government has allowed Anthropic to release its powerful Claude Mythos 5 artificial intelligence model to some “trusted” US organisations, partially reversing an order two weeks ago to suspend access over national security risks. More than 100 companies and institutions will now have access to Mythos 5, including many Fortune 500 companies, according to a source familiar with the new directive, declining to be identified due to the sensitivity of the matter. Concern that powerful AI...

AI: Reports – US government allows Anthropic to share AI model with selected companies

After a two-week ban, the US government is easing its restrictions on Anthropic. More than 100 selected companies will again have access to a powerful AI model.

Trump unveils new US passport with his own face inside

President Donald Trump on Friday unveiled a rendering of a new limited-edition US passport to mark the country’s 250th anniversary of independence, featuring his stern-faced likeness. “The U.S.A.’s New Passport, which says, ‘Welcome, but be good!’” Trump said in a post on his Truth Social platform featuring the passport mock-up. The image features a glowering Trump leaning on his desk and his signature, with the text of the Declaration of Independence in the background. It appears to be based on

WPG.V – West Point Gold runs +18.5% on strong drill hit (66.2m @ 6.57 g/t)

Hey everyone, Quick update on WPG.V (West Point Gold). On June 23 we highlighted it as a tier-1 US gold explorer (Arizona + Nevada) with a strategic agreement with Kinross and a maiden resource expected later in 2026. Today the stock jumped +18.5% after a strong drill result at Gold Chain: • 66.2m @ 6.57 g/t Au, including 20.7m @ 18.25 g/t Au at NE Tyro • Hole extends the zone past 250m depth and remains open • 21 holes still pending for the maiden resource Our take: Solid de-risking step on a f

+++ Iran War +++: Iran – Hit US locations in response to attacks

US Vice President Vance – “Violence is answered with violence” +++ US military attacks targets in Iran after drone attack on ship +++ Israel and Lebanon agree on framework agreement +++ The news blog.

Artificial Intelligence: US government restricts access to new AI from OpenAI

The American government now has a say in who gets access to powerful new AI models. One trigger is the fear of artificial intelligence being misused for cyberattacks.

US strikes Iranian missile, drone, radar sites

The U.S. struck Iranian missile, drone and radar sites on Friday, U.S. Central Command said.

Attack on cargo ship: US military: Carried out attacks against Iran

The USA accuses Iran of attacking a ship in the Strait of Hormuz - and is attacking Iranian targets. What does this mean for efforts to find a lasting settlement to the war?

Is the US trying to sway Taiwan’s KMT by receiving its legislative speaker?

A high-profile visit to Washington by Taiwanese Legislative Speaker Han Kuo-yu reflects a broader US effort to strengthen ties with the island’s main opposition Kuomintang (KMT), according to analysts. Han’s trip follows visits to the United States by Taichung mayor and KMT member Lu Shiow-yen in March and KMT chairwoman Cheng Li-wun earlier this month. The succession of arrivals suggested Washington was preparing for political uncertainty after Taiwan’s 2028 leadership election by cultivating..

UN calls for ‘prompt investigations’ of deaths in US immigration custody

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

Honda starts AI data center battery production in US after EV pivot

US billionaire Leon Black defends US$158 million paid to Epstein

Billionaire investor Leon Black said on Friday that Jeffrey Epstein deceived him during a years-long relationship in which he paid the disgraced financier US$158 million, but insisted he committed no criminal wrongdoing as he appeared before the House Oversight Committee. Black is the 16th person to appear before the committee as part of their broader investigation into the web of wealth and influence around Epstein. Before entering the closed-door deposition, congressman James Comer, the House.

Trump threatens 100% tariff on countries that impose digital services tax

US President Donald Trump on Friday threatened a 100 per cent tax on imports from any country that imposes a tax on digital services from American companies. In a post on social media, Trump took aim at European countries that he said are discussing “imminent” implementation of taxes on US companies. The president has repeatedly sought to use tariffs as a way to deter such taxes, but many countries are looking for revenues as their economies increasingly operate in digital realms that are...

Wall Street: Wall Street is making up for losses – and is trading unchanged

Concerns about the AI ​​rally dominate the US stock exchanges. Nevertheless, consumer sentiment brightened in June. Relaxation comes from another area.

US Drillers Add Oil, Gas Rigs As Hormuz Transit Resumes

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 573, up 26 from this same time last year. The number of active oil rigs rose by 7 to 440 during the latest reporting period, according to the data. This is 8 above this same time last year. The number of gas rigs rose by 3 to 125, which is 16 more than this time last year. The miscellaneous rig stayed

Trump says Iran struck ship in Hormuz, calls it ‘foolish violation’ of ceasefire

US President Donald Trump on Friday blamed Iran for carrying out a drone strike on a cargo ship in the Strait of Hormuz, calling it a “foolish violation” of the ceasefire agreement with the US. One drone damaged the upper deck of the ship but the ship was able to proceed, Trump said. The US shot down three other drones aimed at the ship, he said. His post on social media did not identify the ship or the time of the strike, but on Thursday the British military said a vessel was hit by a...

+++ US customs policy +++: Trump threatens European countries with 100 percent tariffs because of digital taxes

EU MPs agree to implementation of US customs deal +++ Court: USA may continue to raise global tariffs for the time being +++ USA reaffirms tariff caps for EU and Japan +++ The news blog.

Why the Trump-Xi relationship may be the weakest link in US-China ties

As the summit between Chinese President Xi Jinping and US President Donald Trump fades in the rear-view mirror, marked by anaemic deliverables, poor transparency and missed opportunities, analysts and former US officials point to another disappointment: the world’s most consequential relationship has become inordinately dependent on the two nations’ top leaders. Trump’s May China trip, the first by a US president in nearly a decade, produced vague and contradictory readouts, puffed up promises,.

Attack on cargo ship: Trump on Hormuz attack: Iran broke ceasefire

A ship is attacked in the Strait of Hormuz. For US President Trump it is clear who is behind it.

Handelsblatt Live: US stock market expert Koch: OpenAI could postpone its IPO

According to a US media report, the ChatGPT developer is considering postponing the IPO planned for the end of 2026 until next year. Markus Koch classifies how this could affect the markets.

Why does anyone follow the US stock indexes (S&P 500, Nasdaq)?

These indexes are being influenced by a few stocks. The original use of these indexes was a sentiment of how the stock market in general was doing during a time period. Now these indexes basically tell you how 8 stocks are doing. What index do you follow today? submitted by /u/trijcwhitey [link] [comments]

AI briefing: 66 percent more for Apple products! What this reveals about the AI ​​boom

US tech giants will invest up to $725 billion in AI infrastructure in 2026. And ex-AWS boss Selipsky explains why energy bottlenecks have direct consequences for us.