Finance news

US-China talks need to be ‘institutionalised’ to ease tensions in AI era: Haass

The United States and China should hold regular high-level meetings and deepen cooperation on emerging technologies such as artificial intelligence, as greater transparency is essential to avoid a downturn in relations, a veteran US diplomat has said. Richard Haass, president emeritus of the Council on Foreign Relations, said meetings between senior officials from Washington and Beijing should become routine, rather than being treated as “news”. “This is a relationship that needs to be...

PLA scientists propose a plan to destroy US carrier groups from 3,000km away

As the United States quietly pulls its most precious military assets away from the coasts of Asia, they are falling back to places like Guam in Micronesia, a US island territory far beyond the reach of most conventional missiles. It sounds like a retreat but for the Chinese military it is actually a much trickier problem. In modern warfare, distance can become a shield and dispersion a weapon. This is the puzzle a team of Chinese defence scientists has been solving. Their answer, published...

Trump Says Iran Peace Deal Could Be Signed Within Days

US President Donald Trump ‌has claimed that a "great settlement" has been reached with Iran to end the Middle East war and that the agreement could be signed as early as this weekend, possibly in Europe. "We just made a great settlement of the war with Iran," Trump told reporters in the Oval Office on June 11. He added, though, that the agreement is still "subject to finalization of documents, which should get done, over the next few days, probably have a signing, maybe in Europe." Asked by repo

Wall Street: US stock exchanges open little changed - SpaceX debuts on the Nasdaq

The focus of the markets is the record IPO of Elon Musk's space company. New developments in Iran are now pushing the price of oil into the red. Investors are initially holding back.

USA: A Pentagon military advisor is fighting for the future of US troops in Germany

Eric Geressy was Pete Hegseth's superior during the Iraq War. Today, as the Defense Minister's strategist, he wants to secure the presence of the US armed forces in Germany. A portrait.

US plans major cut to jets, warships for NATO operations in Europe, NYT reports

The United States reportedly plans to significantly reduce the aircraft and warships it makes available for NATO operations in Europe.

Kim Jong-un turns out to be the cleverest of them all

Even Western pundits grudgingly admitted the summit between President Xi Jinping and North Korean leader Kim Jong-un was a success. Both sides, according to Bloomberg, “appear to have walked away with what they wanted”. Given China’s rising pre-eminence while avoiding any damaging war, it’s no surprise that Xi had the upper hand in his recent meetings with US President Donald Trump and Russian President Vladimir Putin. But with Kim, the stakes for Beijing were just as high, in light of Tokyo’s..

US and Iran inch closer to signing deal to reopen Strait of Hormuz

The US and Iran may sign an agreement to reopen the Strait of Hormuz on the sidelines of the Group of Seven world leaders summit next week, according to senior officials. A senior Iranian official indicated overnight that a deal is likely, said a G7 official and a diplomat from outside the group, who both asked not to be named discussing sensitive matters. This year’s G7 summit takes place in Evian, in the French Alps, from June 15 to June 17. Geneva, in Switzerland, is nearby and being floated.

Investment: Political signal starts new bet on biotech stocks

An executive order from US President Trump on psychedelics is driving investor interest in the industry. Providers are pushing their research. Is there now a chance for quick price gains?

Beijing confirms arrest of US citizen Min Zin on espionage charges

Beijing has confirmed the arrest of Min Zin, a US citizen and political analyst at a Myanmar-focused think tank, on suspicion of espionage and endangering national security. “It is understood that Min Zin has been placed under criminal detention by the relevant authorities in accordance with the law on suspicion of engaging in espionage and endangering China’s national security,” foreign ministry spokesman Lin Jian said on Friday. Lin did not give further details of charges against Min Zin, but.

Facing US chip curbs, China launches photonics lab to power AI with light

China has established a top-level laboratory in Shanghai dedicated to photonic computing as the country strives to bypass the power constraints and US technology curbs hobbling its ambitions in artificial intelligence development. The Shanghai Key Laboratory of Integrated Photonic Computing Chips and Systems, launched on Wednesday, was China’s first industry-academia platform dedicated to the field, Shanghai’s Jiefang Daily reported on Thursday. Zou Weiwen, director of the new laboratory and a..

India Accuses West of Double Standards Over U.S. Russia Oil Sanctions

The on-and-off U.S. sanctions on Russian oil and the flipping U.S. position regarding India’s oil purchases from Russia highlight the double standards of the Western nations, Indian Foreign Minister S Jaishankar said on Friday. India turned en masse to Russian oil in 2022, when the U.S. and the EU imposed sanctions on Moscow due to the invasion of Ukraine. Four years later, India is a major buyer of Russia’s crude and Russia is India’s single-largest oil supplier. “At that time, the US specifica

Defense: Dassault and Airbus are apparently also arguing about the drone project

Eurodrone is being developed jointly by France, Germany, Italy and Spain and is intended to be an alternative to the US Reaper. Now the project is probably on the brink.

China’s chip design software firms back Huawei’s new scaling law. But can they catch US rivals?

China’s chip design software industry is rallying behind Huawei Technologies’ ambitious new architecture aimed at producing chips that can rival leading global products, but analysts warn a steep uphill climb remains before local players can break the market stranglehold of US rivals. Empyrean Technology, a major Chinese electronic design automation (EDA) provider, became the latest supporter of the new chipmaking methodology. The company recently unveiled Argus, a new physical verification...

Back in EU after a long time, advice on old bank accounts

Hi all, I recently moved back to EU after working abroad for many years. I currently have 3 bank accounts: US, CA, EU, all with a decent amount of money on them. I plan to start investing and I am thinking of moving all my money to my EU account (Nordea) and close the others. Is there any benefit in keeping them open? I guess not because if I invest with them then I have to pay taxes in a country I don't live in anymore (and I don't plan to go back there). But maybe there are benefits that I am

Middle East: Trump once again holds out the prospect of an imminent Iran agreement

As has often been the case in recent weeks, the US President has reported progress in negotiations with Iran. An agreement could perhaps be reached as early as the weekend - and probably in Europe, Trump said.

Green energy is growing a lot in China, but it is woke in the US.

Reading the SpaceX marketing pitch, I like that it shows that energy production in the US is not growing as fast as China (and we know why, US torpedo green energy growth for political reasons), so the absolutely only logical solution is to go to space instead. The supply shortfall is not that big and could be resolved with proper investments and incentives, and no, coal will not help much. It is not relevant that China does not need to go to space , and already building for years the capacity w

Investing with a US citizenship

As the title suggests, I’m a dual citizen permanently living in Poland and want to start an investment portfolio for the long run (ie. Retirement) and initially wanted to buy out a couple US-ETFs as the backbone of my portfolio along with some blue chip stocks. However due to my IBKR account being international I’m not permitted to invest in US-ETFs and as an American citizen it’s not worth the headache to invest in EU-ETFs (I’ve heard of people registering their broker account to a trusted fami

South Korean stocks close up 4.6% as hopes rise for US-Iran deal

US-China vaginal microbiome differences challenge ‘one-size-fits-all’ health solutions

Chinese scientists have uncovered differences between American and Chinese vaginal microbiomes, revealing that a bacterium closely linked to bacterial vaginosis and preterm birth is significantly more prevalent and virulent in American women. The study underscores the need for localised treatments and “fills a critical gap for Asian populations and provides a foundational platform for global vaginal microbiome research and microbe-host interaction studies”, according to the researchers. The...

Why US and China are watching Philippines’ Marcos Jnr at Russia-Asean talks

Philippine President Ferdinand Marcos Jnr will travel to Russia next week for a summit with Moscow and Southeast Asian leaders, a visit analysts say will allow Manila to show it can fulfil its role as Asean chair and keep diplomatic channels open with major powers despite closer security ties with Washington. While the trip is unlikely to signal a shift in Philippine foreign policy, observers say it will be watched closely in Washington and Beijing for any concrete outcomes on energy,...

EU tech sovereignty may be ‘illusion’ as China, US dominate AI: Chinese expert

The EU’s concept of tech sovereignty may prove an “illusion” in a world where artificial intelligence is dominated by China and the US, a Chinese expert has argued, urging Beijing to seize the opportunity provided by Donald Trump to make its products “indispensable” to middle powers. The European Union rolled out its Technological Sovereignty Package last week in a bid to help the bloc become “a global leader” in artificial intelligence and protect its “digital independence”. The EU defined tech

+++ Iran War +++: Iran's Foreign Ministry: Negotiating text for agreement mostly finalized

Insider: US military shoots down two Iranian drones +++ According to the media, Iranian forces stop tankers in front of the Strait of Hormuz +++ The news blog.

Dax current: Dax opens clearly in the black - hope for an agreement with Iran

US President Donald Trump announces that the Iran negotiations will be concluded this weekend. Investors react optimistically. The focus is also on SpaceX's IPO.

Business ticker: Some companies prefer to hire AI workers instead of graduates

Artificial intelligence beats university exams +++ Largest US IPO of all time on Friday +++ Trump: I love inflation +++ Hybrid supermarket takes over 36 Tegut branches +++ News in the company live blog.

Investigation: Police in Washington investigate “86 47” sign in lawn

The number sequence “86 47” appears on the lawn of the National Mall in the US capital. The police are investigating, the US Department of the Interior speaks of vandalism.

Indonesia’s US$8 million visa scandal threatens drive for talent, investors

A major immigration corruption scandal could mar Indonesia’s ambition to entice foreign funds and high-skilled workers, according to observers, further tanking investor confidence in Southeast Asia’s largest economy. The country’s Corruption Eradication Commission (KPK) last week arrested eight high-ranking immigration officials, including then deputy minister Silmy Karim, for allegedly extorting foreigners seeking residency and work permits in Indonesia. KPK also detained nine visa agents...

South Korean stocks soar 8% as hopes rise for US-Iran deal

Xi on North Korean military ties; US blacklists Chinese tech firms: SCMP’s 7 highlights

We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Was Xi’s stance on North Korea military ties also a message for US, Russia? During his meeting with North Korean leader Kim Jong-un on Monday, Chinese President Xi Jinping said both sides should “enhance exchanges in diplomacy, law...

‘The Claw’ rises: White House Octagon ready for Trump’s 80th birthday cage fight

It’s the ultimate symbol of American politics under Donald Trump – a blood-soaked cage match on the lawn of the White House for the US president’s 80th birthday. A giant arena dubbed “The Claw” has been built on the famed South Lawn for Sunday’s tournament featuring 14 Ultimate Fighting Championship (UFC) contestants. Critics have panned the unprecedented US$60 million “UFC Freedom 250” event as tone-deaf at a time when Trump’s war in Iran has sent the cost of living soaring for ordinary...