Finance news

Akeso lung cancer drug shines in trials, boosting hopes in US$20b market

Akeso, whose drug ivonescimab was hailed as biotech’s “DeepSeek moment” amid US competition last year, announced better-than-expected clinical results showing it can treat a type of lung cancer commonly found in smokers, potentially expanding its approved uses. Analysts suggest it could become a backbone therapy in the US$20 billion global non-small cell lung cancer market and have revised their target prices upwards. The drug’s phase three trial found that ivonescimab reduced the risk of death.

Norway becomes ninth country to sign up for French nuclear deterrence as trust in US falters

Meanwhile, Germany will participate in French nuclear exercises as soon as September, joining them in an observer role.

Netanyahu orders strikes on Beirut’s southern suburbs, clouding Iran mediation

Israeli Prime Minister Benjamin Netanyahu ⁠ordered attacks on the Hezbollah-controlled southern suburbs of Beirut on Monday, signalling further escalation of a war that has complicated mediation towards resolving the US-Iran conflict. Iran’s foreign ministry spokesperson, Esmaeil Baghaei, said on Monday that Israeli attacks in Lebanon were among factors causing a delay to the diplomatic process to end the US-Iran war, reiterating that a Lebanon ceasefire was an integral part of any...

Goldpreisprognose 2026

Gold startet 2026 nach starken Kursanstiegen in eine Phase mit hoher Volatilität und unsicherer Richtung. Analysten erwarten eher starke Schwankungen als eine klare, stetige Entwicklung. Die meisten Prognosen sehen den Goldpreis in einer Spanne von etwa 4.000 bis 5.300 US-Dollar pro Unze, abhängig von Zinsen, Inflation und geopolitischen Entwicklungen. 🔑 Wichtige Einflussfaktoren: Zentralbankkäufe von Gold Zinspolitik der US-Notenbank (Fed) Inflation und Währungsrisiken Globale geopolitische Sp

‘We are a small country’: why Malaysia is resisting US defence spending call

Malaysia is unlikely to come close to a US call for Asian partners to spend 3.5 per cent of gross domestic product on defence, analysts have said, as Putrajaya tries to modernise an ageing military without overwhelming public finances or appearing to align with Washington’s China strategy. Defence Minister Mohamed Khaled Nordin said the US had “every right” to ask allies to raise defence expenditure, but stressed that Malaysia faced limits as a developing economy. “For a country like Malaysia,..

How ‘strategic ambiguity’ made Turkey a winner in the Iran war

Since the Iran war began in late February, Turkey has positioned itself as a key regional power, an economic bridge and a neutral mediator, condemning both the US-Israeli strikes on Iran and Iran’s retaliatory attacks on Gulf nations. Turkish President Recep Tayyip Erdogan reiterated his country’s support for peace talks in separate phone calls with Iranian President Masoud Pezeshkian and Pakistani Prime Minister Shehbaz Sharif last week. The week before, in a call with US President Donald...

Hegseth tones down China rhetoric on return to Asia

US Secretary of Defence Pete Hegseth told Asia’s biggest military conference that his country’s relations with China were “better than they’ve been in many years”, as he adopted a much less strident tone than at the same event 12 months ago. “President Trump and this administration seek a stable peace, fair trade and respectful relations with China,” Hegseth said on Saturday at the Shangri-La Dialogue in Singapore. The two countries agreed to “build a constructive relationship of strategic...

Aviation: US investor examines Easyjet takeover – shares rise sharply

The investment company Castlelake is considering a purchase offer for the British low-cost airline. But experts see high hurdles for a takeover.

Aviation: US investor is considering taking over low-cost airline Easyjet

The investment company Castlelake is considering a purchase offer for the British low-cost airline. But experts see high hurdles for a takeover.

Fresh Clashes as Iran, US Trade Truce Terms

U.S. President Donald Trump said talks with Iran over an interim peace deal will 'work out well,' even as the countries' forces clashed again near the Strait of Hormuz.

Aviation: US investor examines takeover: Easyjet shares rise sharply

The US investor Castlelake is thinking about taking over Easyjet. The airline wants to carefully examine every offer. However, the discussions are still at the beginning.

Composition help for UK investor

What are people's broad composition of stocks and ETFs. Just doing an audit of what I'm in and want to make sure I'm not missing out. For example I recently just got into the baily giff US growth. Jmgi and now trying to find a small cap etf. Any help or guidance appreciated. I also hold a handful of single stock with the household mag 7 and AiAG and LGEN for the dividend. Thanks submitted by /u/Hot_Matter_1531 [link] [comments]

SpaceX will be weighted 0.06%…

…in US total market ETFs based on the current IPO pricing. Why are people freaking out about this? So many articles and posts about the end of passive indexes but they never include the specific allocation to maximize clickbait. If SpaceX goes to 0, passive investors won’t even blink because the float and thus weighting is tiny. submitted by /u/luxuryriot [link] [comments]

Hong Kong government’s venture fund eyes bigger bankroll after double-digit return

The government’s investment arm achieved a double-digit internal rate of return last year, greater than many newly established venture capital funds, according to its CEO. “Many overseas funds have a J-curve performance, as they tend to suffer an initial loss before a gain,” said Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC). “But we have already bypassed the J-curve, as we have earned HK$2.3 billion [US$293 million] in 2024, while we have achieved a double-digit rate of...

Taiwan's KMT leader set for US trip amid scrutiny of party's defense cuts

China honour guards undergo rigorous training – precise marching, standing still for 3 hours

The Chinese soldier who went viral for remaining completely still as the US presidential aircraft, Air Force One, taxied nearby during a recent visit to China by Donald Trump, has spoken about the rigours of his job. Liu Zhencheng, 23, who serves in the Beijing Armed Police Corps, was on duty when the US delegation touched down in Beijing. The armed police follow the rules of the People’s Liberation Army (PLA), receive the same treatment as the PLA and obey the leadership of the Central Military

Nvidia, Unitree and Sharpa unite to design humanoid robot that can perform ‘real work’

Nvidia has partnered with Chinese robotics champion Unitree Robotics and Singapore robotic hand maker Sharpa to release a new humanoid robot reference design to accelerate innovation in the global humanoid industry, the US chip giant’s CEO, Jensen Huang, announced on Monday. The new design, called H2+ or Isaac GR00T, will support industry-wide humanoid robotics research by streamlining the full development workflow for developers, including data collection, policy training and real-world...

Real estate: Berkshire Hathaway expands real estate business with billion-dollar acquisitions

Berkshire Hathaway is betting on the US housing market with a billion-dollar takeover. The acquisition is one of the first big steps under CEO Greg Abel.

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]

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.

+++ 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.

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...

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...

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...

Beyond Nvidia: how US export curbs are forcing China to redesign its AI chip industry

Under the weight of sustained US export controls on advanced semiconductors, China’s AI chipmakers are battling to forge a self-reliant silicon ecosystem capable of breaking Nvidia’s stranglehold on the market. At the centre of this rivalry is a fundamental design debate: Should the country rely on the versatile graphics processing unit (GPU) or pivot to the highly specialised application-specific integrated circuit (ASIC)? The fight is no longer about finding a single Nvidia clone; it is about.

Myanmar’s China-backed mega dam revival risks Kachin rebel backlash

Deep in the forested highlands of northern Myanmar, where the Irrawaddy River rises from two tributaries in the hills of Kachin state, a contentious infrastructure project is stirring again – and threatening to reopen wounds that never fully healed. The Myitsone Dam, a US$3.6 billion Chinese-financed hydroelectric megaproject that was shelved more than a decade ago after igniting a storm of popular fury, is back on the table. Myanmar’s military rulers have begun holding public consultations on..

US takes step to halt Nvidia AI chip shipments to Chinese overseas subsidiaries

The US Department of Commerce on Sunday moved to close a year-old potential loophole it had created that may have led companies to export ‌the world’s most advanced chips – such as Nvidia’s most sophisticated Rubin and Blackwell processors, as well as AMD’s MI350x – to Chinese entities located outside China. The unexpected guidance suggests the United States’ best artificial intelligence chips may have been making their way to the subsidiaries of Chinese AI firms based in places such as Malaysia

Artificial intelligence: USA closes loophole for AI chip export to Chinese companies

New export rules are intended to prevent Chinese companies from gaining access to the latest US technology through subsidiaries abroad.