German Industry Urges Market Reforms
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The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market's plumbing that roiled investors during the original meme-stock craze in 2021.
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market’s plumbing that roiled investors during the original meme-stock craze in 2021.The Wall Street Journal - World -
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Nuclear industry brings back ‘silver tsunami’ of retirees
Older workers in demand as western companies prepare for biggest wave of new projects in decadesFinancial Times - World -
Goldman Sachs, Microsoft Power Dow Industrials to 40000
A broad rally across sectors leads the blue-chip stock index to new highs.The Wall Street Journal - World - Microsoft -
Cuba laments collapse of iconic sugar industry
For centuries, sugar was the mainstay of Cuba's economy. Now the industry is in rapid decline.BBC News - Top stories -
FIFA urges leagues to punish racist abuse offences
FIFA will urge all 211 national federations to mandate racist abuse in footall as a disciplinary offense.ESPN - Sports -
Xi urged to respond with caution to Biden’s trade tariffs
Beijing advisers call on China’s leader to hold ‘moral high ground’ as spat with US intensifiesFinancial Times - World - Joe Biden -
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German Bunds Seen More Attractive Than U.S. Treasurys in Near Term
German Bunds look to offer more value versus Treasurys during the countdown to ECB interest-rate cuts, but major rallies in Bunds are unlikely, Societe Generale said.The Wall Street Journal - World - Germany -
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Protesters vow to keep up pressure on Tesla as it expands German gigafactory
Town of Grünheide approved the US automaker’s plan on Thursday to double the capacity of the site, despite opposition. Environmental protesters vowed to keep up the pressure on Tesla after failing to stop plans by Elon Musk’s company from ...The Guardian - World - Tesla -
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German parliament approves plans to relax strict restrictions on family names
The German parliament has approved plans to relax strict restrictions on family names — clearing the way, among other things, for couples to take double-barreled surnames and pass them on to their childrenABC News - World - Germany -
Dow Jones Industrial Average Tops 40000 for the First Time
The recession that so many economists anticipated has remained out of sight, giving investors hope that stocks can keep climbing.The Wall Street Journal - World -
China unveils package to boost property sector
Central bank eases lending requirements and lowers downpayments to ease years-long slowdownFinancial Times - World - China -
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The furniture industry’s recovery relies on customers getting used to paying more
Here’s what the furniture industry is counting on to power its upswing.MarketWatch - Business -
China's consumption and investment slowed in April, while industrial output beat expectations.
China’s consumption and investment slowed in April, while industrial output beat expectations.The Wall Street Journal - World - China -
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Eurovision winner Nemo urges Switzerland to recognise third gender
First non-binary person to win song contest calls for home country to allow third-gender entries on official documents. Nemo Mettler’s operatic, drum’n’bass-propelled entry won Eurovision for Switzerland last weekend, making the singer the first ...The Guardian - World -
U.S. governors urge Turks and Caicos to release Americans held on ammo charges
The governors of Pennsylvania, Oklahoma and Virginia wrote a letter Tuesday asking the territory to show mercy to the Americans arrested on the island.CBS News - Politics -
Rights group urges Thailand to stop forcing dissidents to return to countries they fled for safety
Human Rights Watch is urging the Thai government to stop forcing political dissidents who fled to Thailand for safety to return to homelands where they may face torture, persecution or deathABC News - World -
Shell urged to clarify climate targets as it braces for shareholder rebellion
NBIM, one of oil group’s largest investors, calls for ‘additional disclosures’ about green commitments ahead of AGM. Norway’s state investment fund has urged Shell to clarify its climate targets as the oil group braces for its biggest ever green ...The Guardian - World - Climate -
German council approves a revised plan by Tesla to expand its plant near Berlin
A local council in Germany has approved a plan by electric carmaker Tesla to expand the grounds of its first plant in Europe, a proposal which has drawn persistent protests this yearABC News - World - Germany -
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Alleged ‘deal’ offer from Trump to big oil could save industry $110bn, study finds
Ex-president at Mar-a-Lago last month hosted more than 20 executives, including from Chevron, Exxon and Occidental. A “deal” allegedly offered by Donald Trump to big-oil executives as he sought $1bn in campaign donations could save the industry ...The Guardian - World - Donald Trump -
FIFA urges soccer bodies to mandate racism as an offense. Players to flag abuse with crossed hands
FIFA will urge all 211 national federations to make racist abuse a disciplinary offenseABC News - Sports -
FIFA proposal on racism urges all 211 federations to mandate abuse as a disciplinary offense
FIFA proposal on racism urges all 211 federations to mandate abuse as a disciplinary offenseABC News - Sports -
‘I stopped counting birthdays decades ago.’ This 65-year-old is financially independent and has no urge to retire.
Financial freedom allows him to focus on the pleasures of his job and hobbies.MarketWatch - Business -
FirstFT: Tesla faces difficult task to win shareholder vote, chair warns
Also in today’s newsletter, the threat to oil from Canadian wildfires and British firm loses $25mn in deepfake scamFinancial Times - World - Tesla -
Supreme Court Justice Alito urged to step off Trump election case over U.S. flag controversy
Supreme Court Justice Samuel Alito and the other justices are considering if Donald Trump is immune from prosecution for 2020 election crimes.CNBC - Business - Donald Trump