Finance news

Flesh-eating screwworm is confirmed in the U.S., officials say

Public finances: Last attempt to rescue the debt brake reform

The commission to reform the debt brake is on the verge of failure. Now the experts are making another attempt: a special concept is intended to enable a compromise.

Exclusive: Electricity network operators believe energy transition goals are not achievable

A survey among electricity distribution network operators reveals great pessimism in the industry. This is an alarm signal for politics.

Artificial intelligence: Merantix Capital is expanding its position with a new fund

The Berlin investor is launching a fund worth 103 million euros. For the first time since it was founded ten years ago, Merantix Capital will invest directly in AI start-ups.

Whale carcass on a Danish island: How did the humpback whale die? Autopsy should solve mystery

About three weeks ago, the dead humpback whale known as “Timmy” washed up off the Danish island of Anholt. Now he is being autopsied on the beach in front of onlookers. What can the experts find out?

No pain, no gain? Former player defends ‘unique’ method of coach seen slapping student

A former student of a well-known Hong Kong basketball coach, seen in a video slapping a young player, has defended his disciplinary approach as acceptable despite legal experts warning the conduct could constitute common assault. Veteran coach Yung Kam-wah apologised on Tuesday over the incident two years ago, after the video recently went viral and sparked public concern. In the clip, Yung first takes a jacket from the boy’s hand and throws it to the ground, then grabs the student’s left hand..

Suspected Filipino scammer reveals how Cambodian ring conned Singaporeans

Details of how a Cambodia-based scam syndicate allegedly targeted victims in Singapore through a three-level scheme emerged in court on Wednesday, as a woman went on trial over her alleged participation in the operation. De Villar Rizalyn Panganiban, 35, a Filipino, allegedly belonged to a criminal group that carried out government official impersonation scams, in which victims were tricked into believing their bank accounts had been compromised before being persuaded to transfer money to...

12 Hangry Men – jury equity from the Old Bailey to Hong Kong

In the Grand Hall of London’s Central Criminal Court, ubiquitously known as the Old Bailey, lies a plaque commemorating the courage of the jury in the 1670 trial of William Penn. Penn – who would later found the US state of Pennsylvania – and his co-accused were Quakers, charged with contravening the Conventicle Act 1664, which banned religious gatherings other than those of the Church of England. The Recorder of London, presiding at Penn’s trial, directed the jury to convict. The jury refused..

Hong Kong’s first astronaut success is also a story of youth potential

Becoming an astronaut and exploring space has been the dream of generations of young people and Hong Kong has welcomed this pioneering moment. Dr Lai Ka-Ying, who studied computer science at the University of Hong Kong (HKU), has become the first astronaut from Hong Kong, and the fourth female astronaut from China, to journey into space. As a payload specialist, she will operate the observatory designed by the Hong Kong University of Science and Technology (HKUST) to track greenhouse gas...

Space company: SpaceX wants to raise $75 billion in a record IPO

Tech billionaire Elon Musk's space company SpaceX doesn't make a lot of sales and is deep in the red. Nevertheless, she wants to carry out the largest IPO to date.

CrowdStrike is a buy, just not yet. Here's why

On top of the beat-and-raise, CrowdStrike announced a 4-for-1 stock split. But short-term thinkers sold the stock.

How Beijing could use its military and trade to hit back at Tokyo-Manila ties

Beijing could conduct military operations, bolster its electronic warfare strength and roll out trade sanctions in response to Tokyo and Manila’s deepening defence cooperation, according to Chinese experts. Last week, Manila and Tokyo announced they would launch negotiations on the maritime boundary of their exclusive economic zones and continental shelves around Taiwan, a move that Beijing called “completely illegal and invalid”. In a report on Wednesday, the Beijing Lande Information...

A Chinese robotics start-up beat Nvidia on a global AI ranking. Is a new tech war brewing?

As artificial intelligence steps out of the digital realm and into the real world, the race to build the embodied “brains” powering next-generation robots has become the newest battleground in tech competition between China and the United States. Two days after US chip giant Nvidia launched its Cosmos 3 model – designed to help physical AI “think before it acts” – a Chinese start-up stole the spotlight. On Wednesday, Hangzhou, Zhejiang province-based Spirit AI said its foundation model for...

Chinese man, 19, lives under bridge with pet dog, works long hours to save for tuition

Residents of a city in central China have come to the aid of a poor 19-year-old student who works more than 10 hours a day as a food delivery rider to earn money to cover his tuition fees. Tang Wei, from Xinhuang county in Hunan province, was admitted by a technical college in Changsha, the capital city of the province, the Changsha Evening News reported. He will kick off his college life in September. In early May, Tang left his hometown, heading to Changsha and hoping to find a temporary...

Quantinuum raises $1.68 billion in IPO that seeks to give quantum computing more street cred

Quantinuum is pursuing a traditional IPO, whereas many other quantum players have gone the SPAC route.

West’s xenophobia, cash woes present huge openings for Hong Kong, scholar says

Xenophobia and financial woes in the West have created tremendous opportunities for higher education institutions in Hong Kong and the broader Eurasian region, the head of a leading university in Kazakhstan has said. Professor Waqar Ahmad, the president of Nazarbayev University, also revealed on Wednesday that the institution would soon launch another joint undergraduate programme in computer science and artificial intelligence with Polytechnic University. Starting next year, the programme will.

Inside India newsletter: Why Taiwan and South Korea's stock markets have surged past India within a week

The Indian equity market is losing favour with global investors, as its domestic consumption story weakens and the country lags in AI.

Business ticker: SpaceX sets issue price for IPO

SpaceX wants to raise around 75 billion dollars from its IPO +++ Deepseek apparently secures 6.4 billion euros in a financing round +++ Bayer faces a new hurdle in the glyphosate comparison +++ News in the company's live blog.

AI Bubble: How anticipation of a burst turns a rug pull into a tablecloth pull trick.

Long story short: We have seen many bursts/corrections in recent history. Buy the dip is the mantra. The dips will be bought so any market collapse will be extremely short-lived. Instead of experiencing a rug pull - the knee-jerk behavior is to DCA/buy the dip - we shall experience only tablecloth pulls where everything will remain on its place. submitted by /u/Markovvy [link] [comments]

Japan railroad stocks attract activist investors eyeing property holdings

Japan chemical company touts naphtha-light alternative for diapers, pads

Why we're raising our price target on Broadcom despite its post-earnings sell-off

Broadcom's AI business will continue to shine and outpace the conservative forecast.

Booking system considered to protect popular Hong Kong hiking trail from crowds

Authorities are considering a pilot booking system for one of Hong Kong’s most popular hiking routes and creating a new marine park at Sharp Island in Sai Kung, following bigger-than-expected crowds during mainland Chinese holidays. The proposals were outlined in a paper submitted to a Legislative Council ecology and tourism subcommittee ahead of a meeting on Monday. The Agriculture, Fisheries and Conservation Department said visitor numbers at the Po Pin Chau section of Sai Kung East Country...

Singapore’s Pritam Singh is facing cracks in his party. What does this say about the opposition?

Just over a year after consolidating its status as Singapore’s main opposition, the Workers’ Party (WP) is grappling with internal fissures as chief Pritam Singh’s role is being questioned by his own members. Singh, who has led the WP since 2018, is facing a special conference later this month called by 25 cadre members pushing for him to step down as secretary general for breaching the party constitution, according to local media. Sources say there is a generational divide in the party, with...

Amazon engineers in Seattle slam employer for building AI data centers while laying off 30,000 staffers

Amazon engineers called out their employer for conducting mass layoffs while it commits to spending $200 billion this year on AI infrastructure.

The Next Infrastructure Supercycle Could Be Worth $20 Trillion

Unprecedented heatwaves, violent storms, mega-cyclones, catastrophic floods, prolonged droughts and uncontrollable wildfires have all become commonplace, with extreme weather events increasing in both frequency and intensity thanks in large part to human-induced climate change. Global temperatures have continued to soar, with recent years continually ranking among the hottest on record. The consequences go far beyond the destruction of local ecosystems and damaging physical infrastructure, creat

+++ Iran War +++: Israel and Lebanon want to implement a ceasefire

Iran: Contacts with USA not broken off - but no progress ++ One dead and dozens injured after Iranian attack on Kuwait +++ Trump would “like to meet” Khamenei +++ The news blog.

Pressure on Trump is growing: US House of Representatives votes against war on Iran

The US House of Representatives wants to set limits on President Trump's use of troops against Iran. This is a dangerous sign for the US President.

Asia-Pacific markets set to open lower on renewed Middle East tensions

Asia-Pacific markets were set to open lower amid renewed tensions between Iran and the U.S. and worries that the conflict may keep inflation elevated.

Israel and Lebanon agree to renew fragile ceasefire, create Hezbollah-free zones

Israel and Lebanon agreed Wednesday to renew their fragile ceasefire and create a number of “pilot” security zones inside Lebanon from which Hezbollah militants would be banned. In a joint statement released after a fourth round of US-mediated talks at the State Department, the two sides said the ceasefire “is contingent on a complete cessation of Hezbollah fire and the evacuation of all Hezbollah operatives” from areas south of the Litani River. It was not immediately clear how the security...