Finance news

Hong Kong parents who refuse DNA test for child’s birth registration arrested

Hong Kong authorities have arrested the parents of a baby without legal identity after they continued to refuse a DNA test for the infant’s birth registration on privacy grounds. The arrest on Tuesday followed an intervention by the city’s welfare minister, who said authorities had received an email reply from the couple only on Monday evening after five days of unsuccessful attempts to contact them. Secretary for Security Chris Tang Pin-keung revealed on Tuesday afternoon that police had...

Why Reddit (RDDT) is my current pick for the satellite portfolio.

I'm currently buying Reddit stocks and would like to briefly share my most important investment theses with you. Reddit has impressively proven in recent years that it is not just a forum for meme stocks, but a real money printing machine. The last quarterly sales alone ($663 million, +69% YoY) and free cash flow of $311 million speak for themselves. The gross margin of 91.5% is absurdly high and results from a simple and ingenious setup: The users generate the niche-specific

The Iran Ceasefire Is Dead

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

Vehicle fire causes partial closure of Hong Kong–Zhuhai–Macau Bridge

A vehicle fire in the undersea tunnel of the Hong Kong–Zhuhai–Macau Bridge caused major traffic disruption on Tuesday afternoon, prompting a partial closure of the key link between the three cities. The Transport Department said at 1.55pm that the incident occurred in the tunnel bound for Zhuhai and Macau, with the middle and slow lanes closed. Footage circulating online shows the tunnel filled with thick smoke. “Only the fast lane is available to motorists,” the department said. “Traffic is...

WHO chief ends DR Congo visit as group warns Ebola likely spread undetected

The head of the World Health Organization on Monday concluded his visit to Democratic Republic of Congo by briefing the president on the response to the Ebola outbreak, which an aid agency warned was likely much larger than official figures show. The outbreak, already the third-largest on record, persisted for weeks undetected, say health officials, who were behind the curve and ‌struggling to bring it under control. Arriving in DR Congo last week, WHO Director General Tedros Adhanom Ghebreyesus

Auto industry: Chinese car manufacturer SAIC plans factory in Spain

SAIC Motor is planning its first EU factory in Galicia, Spain, and is investing around 200 million euros. From 2028 onwards, up to 120,000 vehicles will be built in Ferrol every year.

Trump said to tell Netanyahu ‘you’re f**king crazy’ while demanding Lebanon truce: ‘I’m saving your ass. Everybody hates you now. Everybody hates Israel’

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

US-Iran Talks On or Off? Conflicting Messages Deepen Confusion

Trump dismissed the stalled US-Iran peace talks as 'very boring' and claimed he 'couldn't care less' if negotiations had ended. Yet, just an hour later, he described discussions as continuing 'at a rapid pace,' adding to confusion over the status of diplomacy between Washington and Tehran. submitted by /u/Aware_Apartment_8959 [link] [comments]

Hewlett Packard Enterprise: AI boom brings HPE record quarter

The technology group is overtaking its financial targets by two years – thanks to increased demand for AI. The share reacted with an increase of over 30 percent.

Modi hosts Min Aung Hlaing, agrees to foster mineral, rare earth ties

Chinese sports brand Li Ning partners with NBA star Steph Curry

India's Mahindra looking to EVs, pickups in global push: autos CEO

Minimax and Zhipu aim to further tap China's AI fever with dual listings

Why have Japan and the Philippines’ maritime boundary talks angered China?

The waters off eastern Taiwan have become a new flashpoint after Tokyo and Manila announced formal negotiations to delimit the maritime boundary of the exclusive economic zones (EEZs) and continental shelf between Japan and the Philippines. On Monday, China’s coastguard carried out enforcement patrols in the region, exercising Beijing’s claimed right to maintain its own EEZ and continental shelf rights under both domestic and international law. The Taiwanese coastguard said it shadowed and...

‘Mud Buddha’: China official covered in sludge during mudslide while helping villagers evacuate

A valiant official in China has been dubbed “Mud Buddha” after a photograph emerged of him covered in sludge while he was averting disaster by evacuating residents before a catastrophic landslide. From the evening of May 17 to the early morning of May 18, a downpour hit Shanghongyan Village in Maguan county, southwestern Yunnan province. At its height, the level of precipitation reached 256mm, the People’s Daily reported. Tian Ruliang, the village director, left home three times after 10pm on...

Energy: Slow network expansion is blocking investments of 100 billion euros

Grid bottlenecks are slowing down the expansion of renewable energies. A study shows: This is not a German phenomenon. Economics Minister Reiche wants to take countermeasures - but her plans are controversial.

Basis for the inclusion of civil servants in statutory pension insurance

submitted by /u/Hasselhoff265 [link] [comments]

Tesla: Tesla records strong sales growth in Europe

Just a year ago, the electric car manufacturer lost half of the EU market. Now sales numbers are rising again.

Business ticker: HP shares shoot up 36 percent

Anthropic files for IPO +++ GoPro in dire straits due to storage price shock +++ Florida is suing OpenAI +++ News in the company's live blog.

Hong Kong to relaunch direct flights to Kazakhstan’s Almaty in first quarter of 2027

Hong Kong will relaunch direct flights with Almaty in Kazakhstan in the first quarter of next year, the city’s leader has announced in a breakthrough which businesses have said will be essential for easing travel and strengthening ties with Central Asia. Chief Executive John Lee Ka-chiu, who is leading a high-powered delegation to the region, also said on Tuesday that the city would start deliberations with Kazakhstani authorities to reach a Comprehensive Avoidance of Double Taxation Agreement..

Why Japan’s intolerance towards Muslims is rapidly deepening

Discrimination towards foreign residents in Japan has expanded from Koreans and Kurds to Muslims as their population is estimated to have nearly doubled in recent years, according to observers and community members. Misinformation and hate speech are spreading on Japanese social media and mosques are receiving a barrage of abusive phone calls and emails. Some are asking why they are suddenly being targeted. Others are afraid to leave their homes. Muslims in Japan, including foreign residents and

Tencent shares jump on expectations of AI agent within WeChat super app

Shares of Tencent Holdings surged as much as 8 per cent on Tuesday, driven by investor optimism over reports that the Chinese tech giant is close to launching an artificial intelligence agent within its super app WeChat. Tencent was testing a prototype AI agent for the WeChat ecosystem, which boasts 1.4 billion active users, and planned to start the compliance process as soon as this month for a public launch, according to a report by the Financial Times on Tuesday, citing anonymous sources. The

Aging economy: aging as a promising investment approach?

“Aging economy” instead of AI hype: How investors can benefit from structural growth in health, care and pharmaceuticals.

US general’s ‘dagger’ remark tests South Korea’s China balancing act

A top US general’s description of South Korea as a “dagger in the heart of Asia” aimed at China has laid bare the differences in how Washington and Seoul view their alliance and Beijing. US Forces Korea commander General Xavier Brunson made the blunt remark in a podcast interview hosted by the US Army War College on May 22, drawing a backlash both from Beijing and from Seoul itself. South Korea’s presidential office said on Saturday that it was “aware” of Brunson’s remarks and that close...

2 Taiwan air force pilots die in T-34C crash, spurring probe and debate over aircraft

A Taiwanese air force aircraft crashed during a training mission on Tuesday, killing two experienced pilots and prompting renewed scrutiny of the island’s ageing fleet of T-34 basic trainers. The T-34C aircraft went down at about 8.08am at Gangshan Air Base in Kaohsiung, southern Taiwan, while conducting a simulated engine-failure exercise, according to the island’s air force. Both pilots on board, Lieutenant Colonel Kuo Chun-nan and Lieutenant Colonel Lu Chi-yu, were killed. The air force...

Goldman Sachs Sees Strong Refining Profits Through 2026 Amid Fuel Supply Crunch

Tighter petroleum product supply resulting from the Strait of Hormuz crisis will keep refining margins significantly higher throughout 2026, Goldman Sachs has forecast, with diesel margins especially elevated, Reuters reported. The war in the Middle East has pushed refiners’ margins two to three times higher than the average for the period from 2013 to 2019, the investment bank’s commodity analysts said in a note this week. Diesel margins specifically are seen at between $19 and $26 per barrel h

U.S. Officials Say They Are Closing In on Arrangement to Reopen Strait of Hormuz

President Trump has not signed off on the emerging framework, according to U.S. officials. But it could set the table for extending the cease-fire and more substantive negotiations. submitted by /u/koschatzo [link] [comments]

Amazon's four-day Prime Day event starts June 23, as shoppers battle inflation

Amazon's four-day shopping fest comes after U.S. consumer sentiment dropped in May to a record low.

Artificial Intelligence: Alphabet wants to invest billions in AI

Alphabet wants to raise $80 billion to finance AI expansion. Berkshire Hathaway is also investing – the stock is falling.

Security policy: USA probably wants to station more nuclear-capable bombers in Europe

The Trump administration recently announced that it would reduce its troop numbers in Europe. However, additional bombers could be stationed to provide nuclear deterrence.