Bank of Italy to publish crypto asset guidelines, governor says

CNN Business
They used to work for China’s biggest companies. Now they’re doing manual labor
Conglomerates in China are slowly losing their appeal as economy faces headwinds. Some workers resign themselves to blue-collar jobs for work-life balance.
BBC
How China swerved worst of global tech meltdown
Very few organisations will buy software from the US firm, partly thanks to its criticism of Beijing.
Reuters
China hedge funds brace for upheaval from tough new rules
China's $715 billion hedge fund industry is facing renewed pressure from stringent regulations coming into effect next month, forcing some investment firms to seek fresh capital from white knights or even shut shop. These rules would come after China's regulators cracked down on computer-driven 'quant funds' this year as part of Beijing's tighter supervision of the financial industry. Zhang Kaihua, founder of Nanjing-based HuYang Private Fund Co, is selling up to 6.3% of his company to boost capital.
GOBankingRates
6 Frugal Living Tips Retirees Should Avoid
Wise retirees seek out financial advice in their quest to spread their dollars as far as possible. Some of the suggestions they get are good. Others, not so much. "Retirees often encounter various...
Reuters
McDonald's extends $5 meal deal at most US outlets into August
McDonald's kicked off the meal offer on June 25 for an initial four-week period to compete with similar promotions offered by large fast-food chains to attract cash-strapped customers. Some McDonald's restaurants have voted in favour of extending the offer through August, while others are yet to vote, which could mean different offer periods for different geographies, according to the memo. The $5 meal has helped bring back traffic into McDonald's restaurants, the memo noted, after higher fast-food prices had driven budget-conscious customers to limit eating out and switch to cheaper home-cooked meals.
Reuters
Oil market likely to be in surplus next year, Morgan Stanley says
The tightness will hold for most of the third quarter, the bank said in a note dated on Friday, but equilibrium will return by the fourth quarter, "when seasonal demand tailwinds abate and both OPEC and non-OPEC supply return to growth."
GOBankingRates
Dave Ramsey: 6 Biggest Retirement Myths You Shouldn’t Believe
There are all sorts of myths attached to almost every aspect of personal finance, from investing to your credit score. Retirement is another common theme loaded with money myths. If you're not...
GOBankingRates
6 Reasons You Should Rent When You Retire
For many, the idea of renting in retirement doesn't seem very logical or financially sound. After all, there's a good chance you've already paid off your mortgage and own your home by the time you're...
Barrons.com
Oil Rises on Softer U.S. Dollar After Biden Drops Out
Oil prices were edging higher on a softer U.S. dollar as investors gauge the implications of President Joe Biden's decision to drop out of the presidential race. Both benchmarks are supported by prospects that the U.S. central bank will soon start cutting rates and China's unexpected decision to cut key rates in efforts to boost growth.
Reuters
Western miners push for higher metals prices to ward off Chinese rivals
SALMON-CHALLIS NATIONAL FOREST, Idaho (Reuters) - The only U.S. cobalt mine sits fallow in the northern Idaho woods, a mothballed hunk of steel and dirt that is too expensive for its owner to operate because Chinese rivals have flooded global markets with cheap supplies of the bluish metal used in electric vehicle batteries and electronics. Jervois Global, which dug the mine into the side of a nearly 8,000-foot (2,400-meter) mountain, watched helplessly last year as cobalt prices plunged after China's CMOC Group opened the Kisanfu mine in the Democratic Republic of Congo, pushing global production of the metal to an all-time high. The Idaho site, which Jervois bought in 2019, was idled in June 2023 just weeks before it was set to open.
The Telegraph
Only one in 10 jobless people obliged to try to find work, key Blairite warns
Only one in 10 economically inactive people getting benefits must show they are trying to find work, a report from a New Labour grandee has found.
GOBankingRates
I’m a Financial Expert: Here Are the 5 Worst Things Retirees Spend Their Savings On
Retirement is a time of well-deserved rest and relaxation after a lifetime of hard work. Learn More: I'm Planning My Retirement: 5 Expenses I Wish I Had Cut Sooner Read Next: The Surprising Way You...
Reuters
Xpeng, Volkswagen set up project house to roll out new EV architecture
The new establishments, to be located in China's Guangzhou and Hefei, are warehouses for engineers from both parties to work together. The warehouses are aimed at helping the parties begin production for jointly-developed architecture - configuration of electronic components, modules, and network within a vehicle - two years from now. "From 2026, all electric vehicles of the Volkswagen brand in China will be equipped with this very powerful and efficient architecture," said Ralf Brandstätter, member of the board of management of Volkswagen AG for China.
The Guardian
Integrate NHS services and job centres to get more people working, report says
Exclusive: Pioneering study says regime based largely on benefit sanctions has failed to tackle economic inactivity
SmartAsset
Will $500k Savings and $2,000 Per Month Social Security Benefit Be Enough to Retire at 67?
Half a million dollars might sound like a lot of money, but if you’re approaching retirement, is it enough? If you have $500,000 in a pre-tax IRA and expect $2,000 per month from Social Security, you may have enough money to retire at age 67. A half million dollars is a relatively modest nest egg, […] The post I Have $500k in an IRA and Will Receive $2,000 Monthly From Social Security. Can I Retire at 67? appeared first on SmartReads by SmartAsset.
Reuters
Renault CEO calls for flexibility in European EV transition timeline
Renault's CEO Luca De Meo expressed doubts over the timeline for transitioning to electric vehicles in Europe, adding the carmaker has to bring down costs if it wants to deliver on its EV goals, in comments to business daily Les Echos published on Monday. The transition to electric vehicles plays a crucial role in reducing global carbon emissions, and the pace at which this shift occurs will reshape automotive industry and the environment. Recent EU elections, coming at a time of weak electric vehicle demand, saw more and more calls to scrap the EU's 2035 ban on sales of diesel and petrol cars, which is due to be reviewed in 2026.
BBC
Better skills training will cut migration, vows PM
The prime minister says improving the UK skills base will end an "over-reliance" on foreign workers.
GOBankingRates
5 Tips for Retirees Without Multiple Retirement Accounts, According to Financial Advisors
Different retirement accounts come with different rules and different tax treatment. That gives you far more flexibility to minimize taxes both before and in retirement. Learn More: I'm a...
Simply Wall St.
Qingdao Gaoce Technology And 2 More Dividend Stocks On Chinese Exchanges
Amid a backdrop of fluctuating global markets and heightened trade tensions, Chinese equities have shown resilience, with sectors like technology experiencing notable volatility. In this environment, dividend stocks such as Qingdao Gaoce Technology can offer investors potential stability and yield opportunities.
Reuters
Analysis-With no big deal safe, investment bankers move to safeguard fees
Investment bankers are changing how they ask to be paid in a bid to preserve and boost fee revenue they generate from advising companies on mergers and acquisitions, as more big deals face challenges by regulators. Many of these fees are awarded only if a transaction is completed. Bankers have been pushing to get paid even when a deal is thwarted by regulators, and are charging more for services paid irrespective of whether a transaction closes, interviews with more than a dozen dealmakers showed.

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Bank of Italy to publish crypto asset guidelines, governor says

Latest stories

They used to work for China’s biggest companies. Now they’re doing manual labor

How China swerved worst of global tech meltdown

China hedge funds brace for upheaval from tough new rules

6 Frugal Living Tips Retirees Should Avoid

McDonald's extends $5 meal deal at most US outlets into August

Oil market likely to be in surplus next year, Morgan Stanley says

Dave Ramsey: 6 Biggest Retirement Myths You Shouldn’t Believe

6 Reasons You Should Rent When You Retire

Oil Rises on Softer U.S. Dollar After Biden Drops Out

Western miners push for higher metals prices to ward off Chinese rivals

Only one in 10 jobless people obliged to try to find work, key Blairite warns

I’m a Financial Expert: Here Are the 5 Worst Things Retirees Spend Their Savings On

Xpeng, Volkswagen set up project house to roll out new EV architecture

Integrate NHS services and job centres to get more people working, report says

Will $500k Savings and $2,000 Per Month Social Security Benefit Be Enough to Retire at 67?

Renault CEO calls for flexibility in European EV transition timeline

Better skills training will cut migration, vows PM

5 Tips for Retirees Without Multiple Retirement Accounts, According to Financial Advisors

Qingdao Gaoce Technology And 2 More Dividend Stocks On Chinese Exchanges

Analysis-With no big deal safe, investment bankers move to safeguard fees