Finance news

◇ unclassifiedgermany · europe · iran

Gas market: Gas is scarce: Why the situation is worse than with oil

The price of gas has risen by more than eleven percent since the renewed escalation in Iran. Key producer Qatar Energy is also struggling to restart its gas plants.

Bundestag: Merz announces Tomahawk deal – and promotes reforms

In the Bundestag, Merz primarily wants to present the reform package that the coalition has just put together. But he brought a surprise with him from the NATO summit in Ankara.

NATO summit: Germany buys Tomahawk cruise missiles from the USA

The US did not want to deploy the Tomahawk missiles. Now there is an agreement: Germany is buying the weapons system.

Electronics brand: Saturn will soon look completely different

The new CEO of Ceconomy wants to make Mediamarkt and Saturn more profitable. A brand takes on a whole new meaning, announces Remko Rijnders in an interview with the F.A.Z. to.

◇ unclassifiedchina · asia · japan

Investors have more to worry about than yen bears on the hunt

Why are global investors so bearish on the yen? There are good reasons Japan’s currency should be gaining in value. Last month, the Bank of Japan (BOJ) raised interest rates to a 31-year high of 1 per cent and signalled it would continue increasing borrowing costs. Bond markets are currently pricing in a nearly 90 per cent probability of another increase by December. Nominal wages in Japan have risen by more than 3 per cent for four straight months, the longest streak since 1992. Moreover, the..

◇ unclassifiedgermany · europe · iran

Dax current: Dax is trading slightly higher – oil prices remain high

The recent escalation in the Iran war is diminishing hopes for a lasting peace agreement. Hormuz shipping traffic almost comes to a standstill, making the price of oil even more expensive.

◇ unclassifiedgermany · europe · uk

Tanks and transporters: Deutz wants to buy armaments company FFG

The engine manufacturer Deutz is on a shopping spree. The company is now making a major acquisition to strengthen its defense business.

6d07/09⚠ war-conflict · 2/5

Government statement: Chancellor Merz defends reform course

The summer break in the Bundestag is coming up. The black-red coalition sees itself in reform mode. The Chancellor highlights the fundamental importance.

6d07/09⚠ war-conflict · 2/5

Malaysia, Thailand make peace over seafood dispute after Anwar and Anutin meet

The leaders of ⁠Malaysia and Thailand said ⁠on Thursday they would ⁠work on developing a special border economic zone, and had resolved an issue that had disrupted trade in seafood between the neighbours. In May, Thailand restricted the import of Malaysian-caught sea bass due ‌to concerns over chemical residues, prompting Kuala Lumpur to temporarily ban some varieties of Thai shrimp over food safety controls last month. “We have resolved this outstanding issue of fisheries … we agree it should..

◇ unclassifiedchina · asia

6d07/09⚠ war-conflict · 4/5

Goldman Sachs Sounds Alarm Over Fresh Threat to Global Oil Supplies

A week after it warned that an oil glut is coming, Goldman Sachs has done a U-turn, warning that the renewed hostilities in the Persian Gulf threaten an extended supply disruption. “While Middle Eastern producers have started reopening their shut-in wells over the last month, Hormuz disruptions could slow down the production recovery,” the bank’s commodity analysts said, as quoted by Bloomberg. They added that Middle East oil production remains 10.5 million barrels daily below pre-war levels. “T

◇ unclassifiedmiddle-east · russia · usa

“Expropriate German housing and the like”: Expropriation as the last resort? The showdown on the Berlin housing market

The federal government wants to put a stop to expropriation debates in Berlin. But final clarity is still missing - with consequences for investors.

◇ unclassifiedchina · asia · usa

AI and economy fuel stress for 40% of DSE candidates: Hong Kong youth group poll

Fewer Hong Kong university entrance exam candidates reported high stress levels compared with last year, but nearly 40 per cent cited artificial intelligence (AI) and the economic outlook as their top sources of stress, a survey has found. Releasing the findings of its “Further Education Planning Survey” on Thursday, the Hong Kong Federation of Youth Groups attributed the pressure to concerns that AI would increasingly replace entry-level jobs. The poll surveyed 1,241 secondary students,...

Armament: Germany buys Tomahawk cruise missiles from the USA

The US government has rejected the agreed deployment of Tomahawk cruise missiles under Trump. Now there is an agreement: Germany is buying the weapons system.

State parliament: Palmer should support Özdemir in reducing bureaucracy

Will Boris Palmer become minister in Baden-Württemberg, will he have a different role or will he simply remain mayor of Tübingen? There has been a lot of speculation about this. Now there is a decision.

◇ unclassifiedchina · asia · taiwan

Chinese AI labs pursue custom chips to lower costs but heavy upfront investment a risk

Chinese AI labs are increasingly pursuing proprietary chips, mirroring a global trend towards software-hardware integration, but industry insiders and analysts warn that the strategy carries risk due to the massive upfront investments required. “The core motivation for choosing in-house chips lies in pursuing [greater] hardware-software synergy and lowering long-term operating costs,” said Arisa Liu, chief director and research fellow at Taiwan Industry Economics Services. Paul Triolo, a partner

◇ unclassifiedchina · asia

Hong Kong corruption watchdog charges 3 over HK$1.3 million elderly care voucher fraud

Hong Kong’s anti-corruption watchdog has charged three people, including two private care home operators, over an alleged HK$1.3 million fraud involving an elderly care voucher scheme. The Independent Commission Against Corruption (ICAC) said on Thursday that the trio allegedly inflated service records under the Social Welfare Department’s Community Care Service Voucher Scheme for the Elderly, overstating carers’ service hours by more than 5,000 hours. The scheme provides elderly residents with.

◇ unclassifiedgermany · europe · russia

Drone war: Oil facilities in Russia under attack again

Russia's oil industry is not calming down. In its defense against Moscow's invasion, Ukraine is relying on drone attacks against strategic targets in the hinterland - and Russia's air defense is powerless.

◇ unclassifiedgermany · europe · uk

Tanks and transporters: Billion acquisition: Deutz wants to buy arms company FFG

The engine manufacturer Deutz is on a buying spree, announcing one acquisition after another. The company is now making a major acquisition to strengthen its defense business.

◇ unclassifiedgermany · europe · uk

Well-known plush toy brand: Authorities allow Ravensburger to take over Steiff

Whether cuddly bears or clothes for the little ones: products from the traditional company Steiff are an integral part of many children's rooms. Now there is a change of ownership.

6d07/09⚠ war-conflict · 2/5

War in the Middle East: Israel: Troops remain in southern Lebanon for the time being

The positions ahead of new negotiations in Rome remain hardened. Israel is calling for the Hezbollah militia to be disarmed and the Lebanese government is calling for troop withdrawals from so-called pilot zones.

◇ unclassifiedgermany · europe · israel

+++ Federal policy +++: According to Merz, pensions should be rebalanced

Merz: Decision on the health savings package on Friday +++ Merz: “The result of the NATO summit exceeded my expectations” +++ The news blog.

6d07/09⚠ coups-regime · 1/5

ETF’s VS. individual stocks

Buy VOO and touch grass yes! Totally get it…… DCA is a great investment strategy, but does it really outperform choosing the right stocks year after year? How do I balance my long term and my short term stock picking? At this point, put majority of my money into index’s and choose a couple stocks on the side? Need advice on my portfolio…. Am I gambling still? submitted by /u/EquityEnigma [link] [comments]

Social◇ unclassifiedsocial-signal

+++ Iran War +++: Iran reports 14 deaths from US attacks

Iran's parliamentary speaker warns USA of further shelling +++ Kuwait under attack again - sirens wailing in Bahrain too +++ The news blog.

Social◇ unclassifiedgermany

Prankster or something

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

Electronics retail: Saturn showrooms planned in MediaMarkt branches

The once widespread Saturn retail chain has shrunk to 27 branches. However, the parent company Ceconomy does not want to give up the brand completely.

Consequences of the heat: RKI estimate: Thousands of deaths due to heat wave at the end of June

At the end of June, temperatures in Germany rose to over 40 degrees in many places. The consequences of the heat wave are also reflected in the number of deaths.

◇ unclassifiedchina · asia · usa

Hong Kong man pleads guilty to subversive promotion of pro-Taiwan party

A Hong Kong man has pleaded guilty to inciting subversion under the national security law for promoting a pro-Taiwan party and disseminating anti-Communist messages in 2024 and last year. The District Court heard on Thursday that Chan Ho-hin, a 23-year-old waiter, had proclaimed that the Taiwanese government was the only legitimate regime in the country, and called on Hongkongers to support and join the Revive the Republic of China Freedom Party in Taiwan through social media, leaflets and...

◇ unclassifiedchina · asia

Over 900 Hong Kong restaurants welcome dogs on day 1 of pet-licensing scheme

More than 900 restaurants and eateries in Hong Kong opened their doors to customers with dogs on the first day of a scheme allowing canines into restaurants, marking the end of a 30-year ban enacted to protect against rabies. Chinese restaurants, fast food chains and coffee shops on Thursday welcomed their first groups of customers with dogs, who flocked to eateries across the city to dine with their beloved pets. Under the Food and Environmental Hygiene Department’s scheme, 940 approved...

Armament: Billion dollar deal: Deutz takes over defense technology company and expands defense business

With Flensburger Fahrzeugbau Gesellschaft, the engine manufacturer secures access to the complete military vehicle business. The purchase price is in the billions