Finance news

◇ unclassifiedusa · china · korea

The U.S. and China are today’s leaders in AI. These countries could be the next-stage champions.

Economists at Bank of America spotlight South Korea and the United Arab Emirates as likely to gain from both the build-out and adoption of artificial intelligence.

◇ unclassifiedusa · europe · uk

Ukrainian ground robot maker doubles production, eyes ventures with foreign partners

“The most important mission that we have now is the robotization of the battlefield, because only this will allow our country to win the war.”

Social◇ unclassifiedaustralia

Due Diligence for Aura Consolidated Group’s IPO

I used the DDScore because I wanted to see Aura, the company thats marketing heavily in YouTube for their service to remove your data from Data Brokers. I have been very suspicious about the company - many companies that sell heavily with YouTube sponsored content have turned out to be scams. I do not think Aura is a scam but it does make me wonder if the initial investors are seeking IPO just to get their investment out with profits. Here I wrote an update on the report : If you have watched an

Daimler Truck shares: New optimism despite a weak start to the year

High levels of new orders and the elimination of one-off special costs are likely to boost Daimler Truck in the second half of the year.

6d07/09⚠ war-conflict · 2/5

Coalition: Is black and red heading into the summer harmoniously?

Urgent motions from the opposition threatened the coalition's plans for a carefree start to the summer, but Karlsruhe decided otherwise. What are the prospects for black and red?

Innovation: “Stopping applications sends the wrong signal”: BDI and DIHK criticize the end of the ZIM funding program

The Chancellor wanted to promote innovation in the economy. Now his government is cutting funding. The business associations are angry and are issuing a warning.

6d07/09⚠ war-conflict · 2/5

Iran War: New escalation overshadows state funeral in Iran

The US bombs targets in Iran two nights in a row. The country, for its part, reports attacks on US destroyers. Meanwhile, the burial of Ayatollah Ali Khamenei ends a political era.

◇ unclassifiedgermany · europe · usa

◇ unclassifiedchina · asia

Parent company of Hong Kong IVF clinic says sorry for embryo specimen mix-up

The parent group of a Hong Kong fertility clinic involved in a rare mix-up of embryo biopsy specimens has apologised for the incident, pledging to cooperate with the authorities’ investigation and provide support to affected patients. New Frontier Group, the parent company of Heal Fertility in Central, broke its silence two days after the in vitro fertilisation (IVF) saga came to light, saying in a statement on Thursday that it had launched a comprehensive internal review. The assisted...

Reform package: A good starting point – what is now missing is a booster for the upswing

The reform package makes a big difference in pensions, in the labor market and in reducing bureaucracy. But there is no real impetus for growth. So: keep it up! A comment.

Comment: Leftists want to expropriate real estate companies – How low should Germany fall?

Nowhere else in Europe do fewer people live in their own four walls. The fantasies of the left-wing populists are a fatal signal. Fortunately, the coalition is holding out.

6d07/09⚠ war-conflict · 2/5

Competition: Software support also external - SAP averts EU fine

Europe's largest software manufacturer is in the focus of EU competition watchdogs because of requirements for maintenance and support services. Now he has committed to making changes.

America's Top States for Business 2026: See the full rankings and where your state finished

CNBC's annual study puts all 50 states to the test across 138 metrics and 10 categories of competitiveness. These are America's Top States for Business.

◇ unclassifiedusa

◇ unclassifiedgermany · europe · uk

High construction costs: Housing industry warns of new building collapse

As early as 2025, the completion of new districts fell to the lowest level in more than a decade. The industry association GdW is sounding the alarm again this year.

◇ unclassifiedchina · asia

How AI could help Hong Kong taxi drivers find customers on the streets

Hong Kong taxi drivers will be able to identify streets with high rider demand using a big data prediction model powered by artificial intelligence (AI) as soon as mid-2027, according to a cab payment start-up and a university that developed the system. The StreetSights system is the result of a collaboration between Dash and the Hong Kong University of Science and Technology, which said on Thursday that their interim research results were up to 90 per cent accurate in forecasting demand and...

Takeover battle with Unicredit: Orlopp: “Unicredit needs more than just control”

With its takeover offer, Unicredit narrowly missed out on gaining a majority in Commerzbank. Did Commerzbank fail in its attempt to defend itself? CEO Orlopp sees it differently.

Salzgitter: Steel company takes over HKM – 2,000 jobs will be lost

The 2,000 jobs are expected to be eliminated by the end of 2028. An alternative to job cuts would have been to close the factory.

The 10K AI Blunder !!!!!!!

Ran a small-cap industrial supplier's 10-Q through AI before earnings instead of reading it myself. Asked about their debt maturity schedule. Got a clean answer: current portion manageable, nothing due soon. Held the position. Two months later, stock dropped 40% on a liquidity crunch. Reread the filing myself. Page 61, a table with several debt tranches stacked by maturity date. The AI had read down the wrong column, pulled a later date instead of the one actually due that quarter. Not a halluci

Social◇ unclassifiedusa

◇ unclassifiedgermany · europe · uk

AI chips: Meta starts production of new AI chip

Meta will bring its AI chip “Iris” into production in September. The company wants to become more independent of Nvidia and invest billions in AI data centers.

Auto industry: Struggle over VW savings plans - nationwide protests

VW wants to save even more, the supervisory board is discussing possible plant closures and job cuts. IG Metall is countering this with nationwide campaigns.

◇ unclassifiedchina · asia · usa

China aims to revive physical stores, make them ‘immersive’, as shield against e-commerce

With retail sales growth cooling in May to the slowest pace since December 2022 and persistent weakness in big-ticket items extending through last month, Beijing has stepped in to reinvigorate bricks-and-mortar operators facing intense price competition from e-commerce platforms. The Ministry of Commerce, together with eight other relevant authorities, on Thursday released guidelines to accelerate the innovative development of the retail sector. The document charts out a path for differentiated.

◇ unclassifiedchina · asia · usa

US-China AI war boils down to a contest over electricity

The proliferation of artificial intelligence models and the increasing parity in their performance suggest they are becoming a commodity. Soon, AI services will be priced by cost rather than the uniqueness of their model. With electricity the main cost of the services, the AI war between China and the United States is turning into a straightforward contest over electricity output and price. Open-source AI models are sprouting up like bamboo shoots in China. The American AI community has argued..

◇ unclassifiedmiddle-east · russia · usa

Ukraine Hits Two Russian Fuel Tankers as Moscow's Fuel Crisis Deepens

Ukraine hit two fuel tankers overnight offshore Russia’s southern coast in an expanding campaign to deepen the fuel crisis in Russia. The two tankers were hit in Taganrog Bay, the northeastern arm of the Sea of Azov in the southern Russian Rostov region. Yury Slyusar, the governor of the region of Rostov, posted on Telegram early on Thursday that two tankers were hit in the Taganrog Bay. The vessels suffered “mechanical damage” and caught fire, while no injuries or casualties were reported by th

Artificial Intelligence: Monopoly Commission: German industry misses AI transformation

The Monopolies Commission attests that German companies are dangerously slow to introduce artificial intelligence. The advisory committee is demanding less regulation from the state.

◇ unclassifiedusa · europe

There’s promise — and pitfalls — in the Army’s low-cost interceptor plan, experts say

Two analysts and a former defense official praised the Army’s new LCI program, while also pointing to concerns over production bottlenecks, budget constraints and testing procedures.

Verdict on unlimited tariffs: Can mobile phone providers unilaterally terminate the contract at any time?

Isn't it the principle of contracts that they apply to both parties? No, said a mobile phone provider when canceling tariffs with unlimited data volume. Now there is an OLG ruling.

6d07/09⚠ shipping-routes · 2/5

went 30% cash on tuesday when iran escalated,now i am questioning every decision I made.

I made what felt like a sensible call tuesday evening, moved 30% of my portfolio to cash when I saw US iran strikes breaking and felt validated on wed when the fow dropped 576 points and oil spiked 5%. Well today futures are mixed,the selloff seems to be stabilizing and energy and defense rotation is continuing but the broader panic appears to be cooling and alsoo pepsico is reporting Q2 earnings before the open this morning ( a stock I trimmed tues thats down 16% from highs) The exit was clean

Social◇ unclassifiedusa · europe · iran

◇ unclassifiedgermany · europe · iran

Oil: Traffic in the Strait of Hormuz comes to a virtual standstill - oil prices rise

Before Iran attacked two tankers in the strait, the oil market had begun to recover. The development has now reversed. What could move the price now.

Social◇ unclassifiedgermany · usa · europe

Scalable multiple reference accounts

Hello everyone, my bank account A is deposited with SC. My original bank account B is also shown in the overview. However, account A is active. If I transfer an amount from B, will it be rejected? Does the money always have to come from the actively deposited reference account? I have 2 bank details and sometimes switch back and forth. Thank you! submitted by /u/Vegetable-Map7801 [link] [comments]