Finance news

+++ 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.

Jerome Powell warns that politicizing Fed will erode its credibility

Former Fed Chair Jerome Powell on Sunday called the Federal Reserve’s independence “a priceless asset” that must be protected, in one of his first major speeches since stepping down from his post earlier this month.

China’s factory activity beats forecasts in May, private survey shows, despite softer official data

China’s manufacturing activity expanded faster than expected in May, according to a private survey released Monday, although growth slowed from April.

China responds to Japan-Philippines boundary talks with expanded sea patrols

Beijing has announced law enforcement patrols in waters east of Taiwan, in retaliation against Japan and the Philippines’ decision to launch maritime boundary delimitation talks. According to a statement from China’s coastguard, a formation led by its vessel Daishan conducted law enforcement patrols on Monday in waters east of Taiwan “in accordance with the law”. “This is a necessary action taken in response to Japan and the Philippines’ unilateral announcement of the launch of maritime...

Malaysia bars under-16s from social media as new rules come into force

Malaysia began enforcing age verification requirements for social media platforms on Monday, barring children under 16 from opening new accounts and requiring all existing users to confirm their identities using official government documents. The measures come into force under the Online Safety Act 2025 and are being implemented by the Malaysian Communications and Multimedia Commission (MCMC) through two complementary frameworks: the Child Protection Code, which obliges platform providers to...

The FTSE index has changed its rules to accelerate forced buying of SpaceX shares, which means that VWRA investors are now part of the exit liquidity.

https://www.channelnewsasia.com/business/spacex-set-fast-entry-us-global-indexes-under-new-ftse-rules-6143421 New rules are: (1) IPOs are eligible even with less than 5% free float, as long as the free float meets the minimum requirement within 12 months after IPO (2) IPOs with large market capitalisations will be included on the index (and bought by index funds) in 5 trading days after listing, under its "fast entry" rule. This follows NASDAQ that has already changed its index rules. Watch as S

Traffic: Freenow boss calls for minimum prices for rental car trips

The Freenow platform arranges taxi rides via app. Your Germany boss is demanding minimum prices for rental car rides because Uber and Bolt are driving down prices. Such a rule now applies in Cologne.

Medium-sized companies: Five family businesses invest in battery storage start-ups

Encosa has completed a financing round of 25 million euros. The Munich start-up relies on energy-intensive medium-sized companies - who are also potential customers.

Milk Day: Cow or Plant? Seven milk myths checked

There can be many reasons for choosing plant-based drinks over cow's milk: There are many rumors circulating about health and climate protection. What is really true?

Decision expected: Will neo-Nazi Liebich be brought to Germany?

Marla Svenja Liebich is currently in a Czech prison. The conditions there are considered harsh. Why Liebich still wants to stay there - and why that seems rather unlikely.

HDE consumption barometer: Stabilization yes, upswing no – Germans are becoming a little more optimistic again

The Iran war has so far not put as much of a burden on consumers as the energy crisis that followed the outbreak of the Ukraine war. Consumer sentiment is therefore picking up again – even if only slightly.

Jakarta deploys troops against muggers, stirring dark memories

Jakarta residents have largely welcomed a new police-military campaign against violent street crime, after a wave of brazen motorbike muggings struck fear into Indonesia’s capital. But rights advocates warn that deploying soldiers alongside police blurs a line between law enforcement and military power, reviving memories of extrajudicial killings in a country still haunted by its authoritarian past. On May 15, Jakarta police announced the formation of a special, 24-hour joint patrol task force..