Finance news

Taxes: Pension insurance probably expects a larger increase in contributions in 2028

The Council of Experts had already warned of an increase in social security contributions. Now, according to a report, the pension contribution rate could rise more drastically than expected.

Fire kills 5 in South Korea after blast at defence giant Hanwha Aerospace’s factory

Five people have died and two others were injured in a fire at a factory operated by South Korea’s Hanwha Aerospace in the city of Daejeon, authorities said on Monday. The two survivors, including one who was badly burned, had escaped from the facility themselves, a fire official told a briefing. “Authorities have yet to identify the victims ‌because their bodies were severely damaged,” a health official told the same briefing. A fire official said that an explosion had triggered the blaze,...

Netanyahu orders deeper Israeli incursion into Lebanon to hit Hezbollah

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

US says struck Iran military sites, Tehran responds by targeting base

The US said it struck Iranian military sites at the weekend and Iran’s Revolutionary Guards said on Monday it had targeted a US base in response, the latest in a series of exchanges amid negotiations to end the three-month-old ‌war. The strikes on Iran’s Gulf coast were in response to “aggressive Iranian actions that included the shootdown of a US MQ-1 drone that was operating over international waters,” the US Central Command said in a post on X. “US fighter aircraft swiftly responded by...

US Strikes Iran’s Air Defence, Ground Control Station After MQ-1 Shootdown Amid Ongoing Talks

The US launched airstrikes on Iranian radar and drone control sites after Iran shot down a US MQ-1 drone over international waters. The strikes targeted systems in Goruk and Qeshm Island, neutralizing air defenses and attack drones that threatened regional ships. No American personnel were harmed in the operation. submitted by /u/Aware_Apartment_8959 [link] [comments]

Morning Briefing Podcast: Tech: Four scenarios for Europe's future / Special funds: Federal government misses targets

First economists, now our own officials: The criticism of the use of infrastructure debt continues. What grades the Ministry of Finance gives itself.

Chinese archaeologist pleads guilty, firms flee Singapore’s costs: 5 weekend reads you missed

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. Chinese archaeologist who discovered 5,000-year-old city pleads guilty to corruption 2. Hong Kong body took action after teacher carried female student like bride 3. ‘Clear-eyed’ on China: the takeaways from Pete Hegseth’s Shangri-La speech 4. Rising costs in Singapore spur business migration as...

Stock market on June 1st: Six points that are important for investors today

Positive targets could give the DAX a boost at the start of June – provided there is no new escalation in the Iran war. The US Purchasing Managers Index and the ECB provide impulses.

World of Billionaires: What happened to America's elites, Mr. Osnos?

Rich Republicans used to live modest lives in Greenwich. Today there is hardly anything left of this world. Evan Osnos grew up there. A conversation about the changing face of the American elite.

Handelsblatt car test: Finally peace and quiet - this is how the Volvo ES90 drives

With the ES90, Volvo competes against the BMW i5 and the Mercedes EQE. The sedan builds on the brand's old virtues - and surprises where a sister model was weak.

KI: Softbank replaces Toyota as Japan's most valuable company

The car manufacturer is suffering from the industry crisis, while the AI ​​boom is driving up the technology group's stock market value. This is the first time in 20 years that there will be a change in leadership.

+++ Iran War +++: US military has attacked targets in Iran – Tehran reports counterattack

Kuwait reports hostile attacks with rockets and drones +++ USA is apparently pushing for a new ceasefire between Israel and Hezbollah +++ The news blog.

Shangri-La Dialogue: what China, US and Japan said

US Defence Secretary Pete Hegseth praised stabilised ties with China at the recently concluded Shangri-La Dialogue in Singapore, as Chinese delegate Major General Meng Xiangqing warned against hegemonism and Japanese military expansion, while Japan’s Defence Minister dismissed claims of a “new militarism”. Read the full text of all three speeches below. Major General Meng Xiangqing: Remarks by Professor Meng Xiangqing, Head of the PLA Delegation of Experts and Scholars, National Defence U... by.

Siemens: Tens of thousands of jobs affected – this is how Siemens is planning its major restructuring

The industrial group wants to become more efficient and productive – without cutting jobs. The prestige Digital Industries division in particular is being restructured. That's behind the plans.

How has China’s year-long law enforcement campaign changed local governance?

Beijing has revealed the sweeping scale of a year-long campaign targeting irregular law enforcement against businesses as the country intensified its efforts to discipline local bureaucracies and improve governance. The Information Office of the State Council, China’s cabinet, said in a press briefing on May 21 that the campaign uncovered more than 66,000 problematic administrative law enforcement cases and helped companies to recover 30.7 billion yuan (US$4.5 billion). Authorities said more...

How green is AI?: Study criticizes the AI ​​industry's sustainability promises

Large AI models like ChatGPT consume as much electricity as entire countries. Nevertheless, tech companies are advertising with green promises. What's really behind it?

Selling my car and looking for options to diversify my portfolio

II’m an EU investor with a long-term horizon. My current allocation is mostly broad equity index funds (EuroStoxx 60 and S&P 500/Nasdaq) plus a gold position. I’ll soon have a lump sum available that is large relative to my existing portfolio and I’m interested in learning how investors generally think about deploying new capital in this situation. submitted by /u/Acid_3929 [link] [comments]

Anger as Malaysian state leader shoots Eid cow with shotgun

A Malaysian state chief minister is under police investigation after a viral video showed him shooting a sacrificial cow with a shotgun at an Eid ul-Adha event, triggering public anger and questions over gun use, animal welfare and Islamic slaughter rules. Police in Perlis, a small northern state bordering Thailand, said they had seized the shotgun believed to have been used by Chief Minister Abu Bakar Hamzah at the korban (ritual sacrifice of livestock) ceremony in Kuala Perlis on...

Powell uses JFK award speech to defend Fed from political pressure

Former US Federal Reserve chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award Sunday honouring his efforts to preserve the central bank’s independence. Speaking at the John F. Kennedy Presidential Library, Powell called universities, courts, Congress and the central bank “the foundation and the embodiment of our democracy” and argued that the Fed’s independence was a “priceless asset” that must be...

Nikkei, Yen, Hang Seng: Asia's stock markets defy Middle East worries thanks to AI boom

Technology stocks and semiconductor stocks in particular are rising on the Asian markets, while ongoing tensions in the Middle East are causing oil prices to continue to rise.

Mobile phone network: The 2G radio standard is being phased out

When the 2G mobile communications standard was introduced, Helmut Kohl was Chancellor and Telekom was called Bundespost. The radio standard still exists. But now his last days are numbered.

used to dread rebalancing day, now it runs overnight

About $47k taxable (6 stocks, 2 ETFs), 401k with target date fund, Roth at 80/20 VTI/VXUS. Rebalancing used to take a full afternoon every quarter because of the tax lots in taxable. Few weeks back I set up a small job on a cloud machine. Pulls holdings, runs drift calcs, spits out trades with estimated tax impact. Runs overnight. The thing that got me: it sorts every lot by holding period and builds the sell list clearing long term gains first. Flagged one lot that was 3 days from crossing one

Muted Shangri-La Dialogue addresses emerging issues: 5 takeaways

SoftBank dethrones Toyota as Japan's most valuable company

Grab seeks to ease data security concerns as it pushes into Taiwan

Intel bets on comeback with new CPUs for data centers, robotics

Knife attack on revelers: Bielefeld terrorist attack: verdict expected

After the attack on people partying in Bielefeld, the federal prosecutor's office demanded the maximum sentence for the defendant. Now the verdict should be pronounced.

Hong Kong-born scientist King Li named founding dean of third medical school

A Hong Kong-born biomedical imaging expert and founding dean of a US institution has been appointed to head the city’s third medical school. In a statement released by the University of Science and Technology on Monday, physician-scientist King Li King-chuen, dean emeritus of Carle Illinois College of Medicine, said he would draw on his experience to work closely with partners in the city and the Greater Bay Area to nurture a new generation of physician-innovators. “I am deeply honoured to be...

Oil Prices Rise as Israel Expands Lebanon Offensive

Oil prices climbed in early Asian trading on Monday as Israeli troops moved further into Lebanon over the weekend, adding fuel to fears that the broader Middle East conflict is moving toward escalation rather than a peace deal. At the time of writing, West Texas Intermediate crude was up 2.88% at $89.88 per barrel, while Brent crude had risen 2.43% to trade at $93.33 per barrel. The latest escalation in the regional conflict came after Israeli troops crossed the Litani River, having declared all

+++ Iran War +++: USA is apparently pushing for a new ceasefire between Israel and Hezbollah

Iranian Revolutionary Guards attack bases in northern Iraq +++ Wadephul worried about Israeli advance in Lebanon +++ Tehran demands frozen billions back +++ The news blog.