Finance news

Hong Kong tribunal rejects request to postpone Wang Fuk Court owners’ meeting

The Lands Tribunal has dismissed a government-appointed administrator’s request to postpone an extraordinary general meeting of owners at Hong Kong’s fire-ravaged Wang Fuk Court, ruling it lacks the authority to do so. Presiding officer Gary Lam Chin-ching on Tuesday urged Hop On Management Company to convene the meeting immediately so it could be held on June 13, in line with the requirements of the Building Management Ordinance. In a written judgment, Lam ruled that the ordinance did not...

India Pushes for a Mediterranean Axis with Cyprus and Greece

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

Sweden prepares prisons for 13-year-old gang killers

A surge in gang-related shootings and bombings over the last decade, dozens of which were carried out by minors, has set Sweden apart from its European peers and left authorities an urgent problem: what to do with children who kill. The government, in power since 2022 and heading into a tight election in September where crime is a key issue, says the softly-softly approach of the past has failed and it is time to get ‌tough by sending children aged under 15 to prison rather than into social...

Researchers appeal to Chancellor: “Reform spouse splitting”

An alliance of economists and former constitutional judges is calling on the government to reform spousal splitting. Married couples without children would pay an additional 300 euros a year in the new model - and families would benefit.

Business ticker: Bayer faces a new hurdle in the glyphosate comparison - shares lose six percent

Eurowings only passes on half of the tax cut +++ HP shares shoot up by 36 percent +++ Tesla records strong sales increase in Europe +++ News in the company live blog.

How adversity has guided the path of Chinese civilisation through the ages

Places well-endowed with natural resources don’t usually become great powers or world-conquering empires. If anything, many suffer from the “resource curse”, which corrupts the domestic elite and invites foreign intervention, exploitation or outright colonisation. Like people, communities or nations that have fought to overcome adversity and disadvantages often become the most successful. Challenges – whether natural, geographical, social or military – make them fighters and winners. New...

China Solar Makers Launch Space Energy Development Alliance

China’s solar manufacturing industry on Tuesday launched a so-called Space Energy Development Alliance as the Chinese solar sector looks to conquering new frontiers amid oversupply at home. At this year’s SNEC PV+ conference in Shanghai, one of the biggest solar industry gatherings in the world, Chinese manufacturers launched the platform, but were stingy on details about projects or missions in the race to harness solar power in space. GCL Technology Holdings Ltd, Trina Solar Co, and Shi Zhengr

Polymarket closes its first block trade as prediction markets push for Wall Street adoption

Prediction market platforms have increasingly looked to institutional traders, not individual ones, as the next venue for growth.

Should interest rates rise sharply over the next 10 years?

It seems like we might be at peak oil now, especially considering what’s happening in Hormuz. How should bonds react at peak oil? The risk should increase over a long period, right? At the same time, QE might become impossible or at least much harder. submitted by /u/czx5 [link] [comments]

How integrated modeling and simulation accelerates Europe’s defensive edge

[Sponsored] Lockheed Martin’s ACES platform delivers a shared virtual battlespace that strengthens readiness, interoperability, and faster decision-making through advanced, integrated modeling and simulation capabilities designed for evolving global threats.

The Fire Was for the Camera. Iran Propaganda Machine

submitted by /u/Robert-Nogacki [link] [comments]

Indonesia's trade surplus hits lowest level in six years as rupiah slides

Indonesia's GoTo cofounder calls Chromebook graft charges 'illusion' of law

Intel CEO praises 'friend' Nvidia and TSMC despite rising competition

Treasury yields fall as investors pin hopes on Israel-Hezbollah ceasefire

U.S. Treasury yields fell on Tuesday, following global yields lower after Lebanon announced a ceasefire between Israel and Iran-backed Hezbollah.

Euro debt issuance hits record high as EU strives to supplant US dollar

Turning the euro into a 'truly global currency' is 'both necessary and urgent', says Valdis Dombrovskis

South Korea and Japan eye military logistics pact. Should China be wary?

If South Korea and Japan sign a military logistics support agreement, their ties with the US would deepen as they act in concert to deter China and North Korea, analysts said. However, they noted that several “hurdles” must be cleared before the deal could be sealed, including domestic opposition in South Korea to expanding security ties with Japan due to concerns it could sour relations with China, as well as unease stemming from Tokyo’s wartime history. During the Shangri-La Dialogue in...

Audemars Piguet's watch prices remain stable after controversial Swatch collab

The Royal Pop collection of brightly colored watches on lanyards is part of AP's longer-term strategy of attracting the next generation of collectors.

Nvidia's new PC chips represent CEO Huang's bid to win at every layer of AI stack

Nvidia's announced entry into the PC chip market sent shares of AMD, Intel and Qualcomm lower as Wall Street recognized the threat.

One way to get hired right now: Be willing to go to the office five days a week

New research finds remote- and hybrid-work arrangements have been more of a barrier to breaking in for young workers.

Is a Europe ETF even worth it?

I watched the video from Finanzfluss on the topic of MSCI World + Emerging Markets + Europe and I'm wondering whether a separate Europe ETF really makes sense. Thomas from Finanzfluss builds his portfolio like this: MSCI World, Emerging Markets, STOXX Europe 600 Instead of simply taking a FTSE All-World. (also makes sense) I myself am already heavily invested in the FTSE All-World Index (see photo) and therefore don't want to switch to the classic 3-ETF setup or switch over unnecessarily. (Pay d

Oil prices drop after Trump tries to reassure traders that peace deal is coming

West Texas Intermediate and Brent crude’s front-month contracts both edged lower after hitting monthly highs during Monday’s session.

Nvidia's Jensen Huang says Marvell could be the next trillion-dollar company; stock jumps 22%

Nvidia's CEO, Jensen Huang, hailed this chip designer as the next trillion-dollar firm, sending its shares up sharply in early market trading.

Retirement savings account at Scalable

Just arrived as an email. Homepage also says something about payout options from 65: 30% possible as a one-off payment, the rest as a monthly plan (up to at least 85) submitted by /u/CloudPattern [link] [comments]

Trade conflict: Trade Committee in the EU Parliament for implementation of customs deal with Trump

The EU and the USA had imposed punitive tariffs on each other. An important hurdle to resolving the trade conflict has now been overcome.

Tax reform: Economists want to limit spouse splitting and redirect tax benefits to families

A new concept wants to preserve the tax recognition of marriage, but focus on the targeted support of families with children. Work incentives should also be strengthened.

Iran conflict: “The US government cannot find a way out”

A quick end to the war in the Middle East is anything but certain, fears security politician and former presidential advisor Jon Finer. The strategic challenges for the USA are growing.

Aviation: Eurowings does not pass on the tax cut in full

The reduction in ticket tax effective July 1st is not fully received by passengers. Because other costs are rising sharply, ticket prices remain high. This is also due to the high demand.

Migration policy: Agreement on return hubs: search for third countries is still ongoing

Who sets up return centers outside the EU – and how much would it cost? What about human rights obligations? Questions remain. The Union hopes for a deterrent effect.

Why the most important company enabling AI isn’t Nvidia, according to this fund manager

Portfolio manager Jonathan Cofsky talks about where to find the winners in the AI landscape and one company that is beating all comers.