Finance news

Students turn local pain points into social innovation projects in Hang Seng x HKFYG “Seek Our Ways” Ideation Programme

[The content of this article has been produced by our advertising partner.] A foul-smelling river in Tuen Mun, mountains of parcel packaging and the waning proficiency of Cantonese among young people have become the inspiration behind a series of student-led social innovation projects recognised at the second cohort of the Seek Our Ways Ideation Programme. Organised by the Hong Kong Federation of Youth Groups Leadership Institute and supported by Hang Seng Bank, the programme drew more than 400.

Cryptocurrency: Bitcoin under pressure – now its biggest fanboy is also selling

The company Strategy is the largest Bitcoin holder in the world. Now it knocks out some coins. The crypto market reacts promptly with losses.

Make use of Hong Kong’s advantages, John Lee urges Kazakhstan leaders, companies

Hong Kong leader John Lee Ka-chiu has held talks with Kazakhstan’s president at the start of a visit to Central Asia, highlighting the city’s role as a “superconnector” bridging businesses with global markets, as his delegation sealed a wide range of partnership deals with the nation. Lee began his five-day trip on Monday by discussing ways to deepen economic cooperation and strengthen bilateral ties with Kazakhstan, meeting President Kassym-Jomart Tokayev as well as Serik Zhumangarin, the...

+++ Ukraine War +++: Lukoil refinery in Volgograd apparently suspends operations after attack

Ukrainian chief of staff: realistic end of war before winter +++ France arrests Russian tanker - Kremlin criticizes +++ Russia imposes export ban on kerosene +++ The news blog.

World Oil Supply at Risk Again As Iran Threatens Full Hormuz Blockade, Opening Houthi Front

Iran has threatened a full blockade of the Strait of Hormuz, a vital oil shipping route, amid escalating tensions with the US and Israel. Tehran also warned of opening new fronts, including the Bab al-Mandab Strait, in response to Israeli military actions in Lebanon. submitted by /u/Aware_Apartment_8959 [link] [comments]

Music: Germany's most listened to private radio only plays one genre

18 years ago, an unsuccessful Dudelfunk became Radio Bob. With rock music, the station from Kassel has become Germany's most popular private radio station. How did that succeed?

Insurance: Extremely high damage caused by hail storms – “The season starts right now”

Hailstorms are difficult to predict, but can cause immense damage to solar farms, data centers and production facilities. How companies should deal with it.

Middle East: Netanyahu orders Israeli attacks on Beirut suburbs

Israel's prime minister ordered attacks on the Hezbollah-controlled southern suburbs of the Lebanese capital on Monday. Israel will also further expand its ground operations in Lebanon, Netanyahu said.

Norway Strike Could Hit 600 Offshore Workers as Wage Talks Collapse

A potential strike over wages could threaten smooth operations offshore Norway, Western Europe's top oil and gas producer, at a time when the world is scrambling for oil and gas supply amid the Middle East crisis. Almost 8% of oil and gas workers offshore Norway could go on a strike from June 5 if trade union negotiations with industry fail to reach an agreement in a government-brokered mediation process, according to data from the labor unions on Monday. More than 600 workers out of about 8,100

Artificial intelligence: When corporate profits become a risk

At the beginning of the year, a bleak future scenario surrounding artificial intelligence caused uproar. Now it looks like the first step into this dystopia has been taken. A comment.

Netherlands Backs $1.2B Subsidy to Refill Gas Stocks

The Netherlands has approved a subsidy of as much as $1.2 billion for state-owned energy company EBN Capital BV to bolster the country's depleted gas reserves.

Handelsblatt Live: US stock market expert Koch: Oil is skyrocketing

Iran has put negotiations with the USA on hold for the time being. The price of oil then jumped by more than seven percent on Monday. Markus Koch reports that, on the other hand, good news from the tech sector is keeping the indices stable.

Reintroduce nuclear weapons to the Pacific to reduce the chances of war with China

By reintroducing US theater nuclear forces first in South Korea, and then more gradually in Japan, Washington can reassure its anxious allies and bolster its own national security interests, argue Kyle Balzer and Robert Peters.

Crypto: Michael Saylor ends his “never sell” promise – and sells millions in assets

The Strategy founder has promised for years never to sell Bitcoin. Now he has done exactly that. The action sends a signal that alarms investors.

Car manufacturer: BYD achieves increased sales again after eight months of declines

After eight months of decline in sales, BYD is reporting growth again - also thanks to strong demand for electric cars in Europe.

SpaceX says it will reserve 5% of its IPO shares for staff, friends and family

In a new filing, the company also clarified the nature of its multibillion-dollar deal with rival Anthropic.

Costs for a depository account too high at Volksbank Raiffeisenbank?

Hello. I am new to finance and would like to gain experience with a portfolio. Slowly approach ETFs, possibly individual stocks at some point. My house bank offers me a deposit with the following key data: - Costs per purchase/sale: 0.3%, but at least €9.95 - Basic fee for the deposit per quarter: 0.1% of the deposit value, but at least €9.95 My question: Is that expensive or too expensive? Are there other providers that are better here? Thanks. submitted by /u/Due-Sandwich-5019 [link] [comments]

NOAA Predicts 2026 Atlantic Hurricane Activity

NOAA revealed that it is predicting a 'below normal' Atlantic hurricane season this year.

Iran War: Tehran stops talks with US over Israel offensive

The new offensive in Lebanon is prompting Iran to make harsh threats around the Strait of Hormuz. Oil prices are rising massively and the stock markets are falling.

Modi and Min Aung Hlaing agree to foster mineral, rare earth ties

Japan, US to invest $1bn in 'Genesis Mission' AI project

Wall Street: Nvidia attacks the PC chip market – Intel, AMD and Qualcomm under pressure.

Despite new escalations in the Iran war: The market picture remains constructive, but increasingly dependent on a few large technology stocks.

Diplomats believe Turkey has become "obsessed" with the acquisition of F-35s, which it regards as "critical for maintaining a balance of power" vis-a-vis Greece and Israel. Erdogan believes Greek and Israeli reps have successfully blocked the deal he thought he had struck with US president Trump.

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

Not ‘just a gun’: New SOCOM rifle allows barrel swapping and cartridge changes

At SOCOM’s request, the rifle features a swappable barrel, allowing operators to change between legacy cartridges and the newer 6.5mm Creedmoor.

Rubio odds for GOP 2028 nominee close to overtaking Vance on Kalshi

Vice President Vance has seen his odds slip since the start of the year, as the secretary of State's chances have been buoyed by international conflicts.

Moving junior depot from Volksbank to DKB: Is it worth it?

Now that the Volksbank's hassle of fees has finally become enough for me and I'm in the process of moving everything to the DKB, I'm wondering whether it's worth moving my daughter's junior depot as well? The investment is in "Unifavorit: Aktien" (DE0008477076) and if I see it correctly it is (currently) performing like the holy grail (at least in the period under consideration of 6 years). I'm probably not looking properly, but from what I can see, the junior depot is free (unlike de

Hong Kong steps up random dog licence checks, warns owners of prosecutions

Hong Kong authorities have stepped up inspections of dog licences by launching regular enforcement operations and random checks on pets in public places, warning they will prosecute owners who breach relevant rules. The Agriculture, Fisheries and Conservation Department (AFCD) said officers would commence such operations on Monday at public places where dogs gathered and appealed for cooperation from owners. “During inspections, AFCD officers will conduct random checks on dogs and scan them to..

China team drafts ‘comprehensive’ sanctions list targeting US, allies on 63 tech sectors

Since US President Donald Trump launched a tariff war against China during his first term in office, Washington has steadily expanded restrictions on Chinese access to advanced technologies, targeting semiconductors, artificial intelligence (AI), quantum computing, aerospace systems, supercomputers and a broad range of dual-use technologies. These export controls are aimed at slowing China’s rise in high-end manufacturing and frontier science. But Beijing’s rapid progress in a number of...

Inside The Iran Deal That May Change Nothing — But Could Smash Oil Prices Anyway

After more than three months of fighting and stop-start negotiations, Washington and Tehran are now reportedly on the verge of a deal that would end the conflict. However, according to well-placed sources in Washington, Tehran, and London exclusively spoken to in the past few days by OilPrice.com, the sound and fury of the past few weeks may ultimately amount to a tale of sound and fury signifying nothing. “It’s pretty likely that we’ll [the U.S.] wind up with the same sort of deal we had in the

East German Economic Forum: Schulze calls for changes to the southern bonus

Three months before the state elections in Saxony-Anhalt, Prime Minister Sven Schulze is seeking support for Federal Economics Minister Katherina Reiche. He still has a request for change.