economic service provided by the finance industry
EWN 1h
Motshekga says SANDF capable of protecting country despite compromised air force: She says a lack of funding is at the centre of the SANDF’s challenges ...
ewn.co.za/2025/06/24/motshekga-says-sandf-capable-of-protecting-country-despite-compromised-air-force
Key FactsSANDF Remains Strong Despite Air Force Struggles
1h · Reading time: ~45 sec.
Summary created with AI assistance · Source: ewn.co.za
Summary created with AI assistance · Source: ewn.co.za
- Defence Minister Angie Motshekga acknowledged the air force is below standard with numerous planes out of service.
- The South African National Defence Force retains the ability to defend the nation against threats from both air and land.
- Funding shortfalls are central to SANDF’s difficulties, prompting ongoing discussions with National Treasury and the Presidency.
- Efforts to restore defence capabilities are underway but will depend heavily on future budget allocations.
But it doesn’t mean that nothing is happening and, therefore, we are sitting ducks as a country, and anybody can walk all over us. No, we are confident that as a defence force, we will be able to protect our people and protect our country.— Defence Minister Angie Motshekga addressing Parliament about the SANDF's capabilities.
Key FactsTensions Persist Despite Israel-Iran Ceasefire Deal
5h · Reading time: ~45 sec.
Summary created with AI assistance · Source: channelnewsasia.com
Summary created with AI assistance · Source: channelnewsasia.com
- President Trump condemned Israel for launching major strikes on Tehran immediately after agreeing to the ceasefire deal.
- Israel’s Defence Minister authorized ongoing high-intensity attacks targeting Iranian regime assets in response to alleged missile launches.
- Iran denied firing missiles and claimed Israeli assaults persisted beyond the ceasefire’s start time.
- The ceasefire announcement was largely welcomed globally as a potential turning point toward ending the prolonged conflict.
Israel, do not drop those bombs.— Donald Trump speaking to reporters before leaving for the NATO summit in The Hague.
US health chief Kennedy gets pledge from insurers on prior authorization reform: U.S. health secretary Robert F. Kennedy Jr. met with major health insurers on ...
reuters.com/legal/litigation/us-health-chief-kennedy-met-with-insurers-prior-authorization-requirements-2025-06-23/
GPs to get $175m in extra funding: General practitioners will get up to 13.89% more funding this year in a new agreement the Government hopes will eventually ...
1news.co.nz/2025/06/24/gps-to-get-175m-in-extra-funding/
Riester pension: Walter Riester on birth defects and reform ideas: The Riester pension, once intended as a private supplement to the statutory pension ...
weser-kurier.de/bremen/politik/riester-rente-walter-riester-ueber-geburtsfehler-und-reformideen-doc815twww1tsjywp5bidy
Kennedy says health insurers promise to change prior authorization process: RFK Jr. said health insurance providers have committed to making the prior ...
nbcnews.com/health/health-news/kennedy-says-health-insurers-promise-change-prior-authorization-proces-rcna214515
Some Gen Z youth in Kisumu have distanced themselves from the planned June 25th, 2025 protests, instead calling for justice and compensation for victims of ... Show more
GP funding boost: Sector to receive up to 13.89% more this year: By Rowan Quinn, RNZ General practitioners will get up to 13.89% more funding this year in a new ...
nzherald.co.nz/nz/gp-funding-boost-sector-to-receive-up-to-1389-more-this-year/HZALSL24CVEEDA7RVR4A52VVLU/
BSI warns: Fewer and fewer people are using 2FA and secure passwords - Golem.de: A new study by the BSI shows a worrying trend. People are becoming increasingly ...
golem.de/news/bsi-warnt-immer-weniger-menschen-nutzen-2fa-und-sichere-passwoerter-2506-197389.html
RFK Jr. and Dr. Oz say health insurers will cut red tape on 'prior authorizations'
npr.org/sections/shots-health-news/2025/06/24/nx-s1-5442713/rfk-jr-dr-oz-health-insurance-prior-authorization
Goldman names Aek Shyam head of M&A in global real estate group: Goldman Sachs has appointed Aekloveya Shyam as head of mergers & acquisitions (M&A) in the ...
reuters.com/business/finance/goldman-names-aek-shyam-head-ma-global-real-estate-group-2025-06-24/
Almost 270,000 people retire early without deductions: The government plans to present its first pension legislation soon. New figures show that many people are ...
rheinpfalz.de/politik_artikel,-fast-270-000-menschen-ohne-abschl%C3%A4ge-fr%C3%BCher-in-rente-_arid,5785768.html
Key FactsEarly Retirement Remains Popular in Germany
Jun 22 · Reading time: ~45 sec.
Summary created with AI assistance · Source: n-tv.de
Summary created with AI assistance · Source: n-tv.de
- Approximately 270,000 individuals retired early in 2024 after 45 years of contributions without pension reductions.
- The retirement age for this benefit is increasing gradually, reaching 64 years and 4 months for those born in 1960.
- Pension insurance expenditures hit a record high of €286 billion in 2024.
- If no reforms occur, contribution rates could rise from 18.6% to 21.4% by 2038, prompting urgent political action.
This sum underscores the importance of a solid, reliable, and generationally equitable financing of the pension insurance.— Jens Dirk Wohlfeil, Co-CEO of the German Pension Insurance, discusses the financial situation of pension insurance in the context of the 'pension at 63'.
French prime minister to meet pension negotiators after talks fail: Months-long talks between French trade unions and employers over reforms to the pension ...
reuters.com/business/world-at-work/french-prime-minister-meet-with-pension-negotiators-after-talks-fail-2025-06-24/
Key FactsMamdani Surges Ahead in NYC Ranked Choice Primary
Jun 23 · Reading time: ~45 sec.
Summary created with AI assistance · Source: nypost.com
Summary created with AI assistance · Source: nypost.com
- Cuomo holds a slim initial lead with 35% over Mamdani’s 32% among likely Democratic voters.
- Ranked choice voting results favor Mamdani, who overtakes Cuomo in the eighth counting round with 51.8%.
- Mamdani’s rise is fueled by supporters of Brad Lander, who endorsed him as a second choice.
- Voter preferences vary by age and race, with Mamdani leading among younger and white voters, Cuomo among older and minority groups.
This is an outlier: Every other credible poll in this election — including two released last week — has shown Governor Cuomo with a double digit lead, which is exactly where this election will end tomorrow.— Rich Azzopardi, Cuomo campaign spokesman, regarding the Emerson College poll.
Exclusive: ECB clears Monte Paschi's takeover bid for Mediobanca, source says: The European Central Bank has cleared Monte dei Paschi di Siena's proposed ...
reuters.com/sustainability/boards-policy-regulation/ecb-has-cleared-monte-paschis-takeover-bid-mediobanca-source-says-2025-06-23/
Shipping groups avoid the Strait of Hormuz to reduce exposure after U.S. strikes on Iran
cnbc.com/2025/06/23/us-iran-crisis-shipping-groups-seen-avoiding-the-strait-of-hormuz.html
Key FactsOil Price Surge Challenges Fed’s Inflation Control
23h · Reading time: ~45 sec.
Summary created with AI assistance · Source: businessinsider.com
Summary created with AI assistance · Source: businessinsider.com
- US strikes on Iran’s nuclear sites triggered a sharp increase in global oil prices.
- Sustained higher energy costs could complicate the Federal Reserve’s inflation outlook.
- The Fed has kept interest rates steady this year despite President Trump’s calls for reductions.
- Experts highlight risks of stagflation due to combined effects of tariffs, immigration policies, and rising oil prices.
EVERYONE, KEEP OIL PRICES DOWN. I'M WATCHING!— Donald Trump demands in a post on Truth Social that oil prices stay low.
Abbott vetoes $60 million funding for summer lunch program for kids: Gov. Greg Abbott vetoed a $60 million budget item that would have funded a summer lunch ...
dallasnews.com/news/politics/2025/06/24/gov-abbott-vetoes-60-million-funding-for-summer-lunch-program-for-texas-kids/
A Chinese firm has just launched a constantly changing set of AI benchmarks: Venture capital company Hongshan Capital Global originally developed it to assess ...
technologyreview.com/2025/06/23/1119190/chinese-changing-ai-benchmarks/
Karoline Leavitt Gets Instant Fact-Check After Outrageous New Claim About Trump: The White House press secretary was taken back to school on social media.
huffpost.com/entry/karoline-leavitt-trump-peace-through-strength_n_685a56b3e4b0c754370667f2
Fed officials are starting to break rank and join Trump: Some Federal Reserve officials are joining President Donald Trump in calling for lower interest rates as ...
cnn.com/2025/06/23/economy/fed-july-rate-cut-trump
Key FactsPowell Signals No Rate Cut Expected in July
3h · Reading time: ~45 sec.
Summary created with AI assistance · Source: cnn.com
Summary created with AI assistance · Source: cnn.com
- Jerome Powell stated it is premature to consider cutting interest rates in July due to uncertain economic effects of current policies.
- The Federal Reserve has maintained its benchmark rate between 4.25% and 4.5% since January to monitor tariff impacts.
- Powell noted tariffs might cause either temporary or persistent inflation, but the full extent remains unclear.
- Despite some officials' support for rate cuts, most predict no reduction before the end of the year.
It would be inappropriate for us to comment on the policy of tariffs. We don’t have a view. It’s not our job and we just wouldn’t do that.— Jerome Powell during his testimony before Congress regarding monetary policy.
DIOR 9h
Get ready for Jonathan Anderson’s debut collection for the House.
The show is live on Friday, June 27 from 2 pm CEST.
DIOR 1h
Dior ambassador Kylian Mbappé wears the debut collection by Jonathan Anderson
Watch the show live on June 27 from 2 pm CEST
Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round
cnbc.com/2025/06/24/goldman-sachs-citadel-digital-asset.html
US Senator Cassidy urges delay of US vaccine meeting: The head of the U.S. Senate Committee on Health, Education, Labor and Pensions called for the delay of a ...
reut.rs/4efAq4Z
Teachers undergo training as shift from CBC to CBE begins: Training is underway to equip teachers with the new skills needed to transition from the ...
standardmedia.co.ke/education/article/2001522564/teachers-undergo-training-as-shift-from-cbc-to-cbe-begins
How high oil could go if Iran closes the Strait of Hormuz, according to Goldman Sachs and others
cnbc.com/2025/06/23/how-high-oil-could-go-if-iran-closes-the-strait-of-hormuz-goldman.html
Paid articlePaywall
Deutsche Bank’s CEO is doubling down on defense investment: "We have actually sized up not only our portfolio appetite, but also the resources we bring in in ...
cnbc.com/2025/06/24/deutsche-banks-ceo-is-doubling-down-on-defense-investment.html
Northern Trust says it is fully committed to remaining independent: Northern Trust is fully committed to remaining independent, the bank said on Monday ...
reuters.com/business/finance/northern-trust-says-it-is-fully-committed-remaining-independent-2025-06-23/
Armenpress 11h
'Uwi ka na, 'tay': Padilla files resolution to repatriate detained Duterte: Senator Robinhood Robin Padilla has filed a resolution seeking the repatriation of ...
mb.com.ph/2025/06/24/uwi-ka-na-tay-padilla-files-resolution-to-repatriate-detained-duterte
Rights groups warn Gaza Humanitarian Foundation it may be liable for international law violations
theguardian.com/world/2025/jun/23/gaza-humanitarian-foundation-israel-human-rights-groups
She hoped key research could help save her eyesight. Then the Trump funding cuts came
npr.org/sections/shots-health-news/2025/06/24/nx-s1-5440505/harvard-science-funding-freeze-usher-1f
OpinionThose cuts to 'overhead' costs in research? They do real damage: Indirect costs are fat targets for budget slashers, but beware: They make science possible ...
latimes.com/opinion/story/2025-06-24/national-science-foundation-overhead-research-funding
Crude oil hit a five-month high overnight even as markets braced for Iran's response to US bombing. Are investors rushing to safe havens? Jane Foley ... Show more
This Is Why High-End Electric Cars Are Failing: There's a simple reason why high-end EVs have failed to spark the imaginations of auto buyers. To remedy this ...
wired.com/story/this-is-why-high-end-electric-cars-are-failing/
Uniting Church wanted secrecy around its move to evict ex-homeless couple: The Uniting Church wanted a tribunal to sign off on its bid to evict the couple to ...
abc.net.au/news/2025-06-24/uniting-church-wanted-secrecy-around-its-move-to-evict-couple/105381062
Gov. Greg Abbott vetoes summer lunch program for children: Abbott cited uncertainty over federal funding of the program as his reason for rejecting the state’s ...
texastribune.org/2025/06/23/texas-summer-lunch-ebt-greg-abbott-veto/
Key FactsAbbott Blocks Federal Summer Meal Aid Program
21h · Reading time: ~45 sec.
Summary created with AI assistance · Source: texastribune.org
Summary created with AI assistance · Source: texastribune.org
- Governor Greg Abbott vetoed a $60 million budget measure enabling Texas to join the federal Summer EBT program for low-income children.
- The initiative would have provided qualifying families with $120 per child to cover summer lunch costs in 2027, benefiting around 3.75 million children statewide.
- Texas was expected to cover some administrative costs to access over $400 million in federal funding for meal subsidies, but the provision was removed.
- Opponents criticized the veto as a missed opportunity to address child food insecurity during summer breaks.
This program would have provided critical nutrition support to children during the summer months when school meals are unavailable and food insecurity often peaks.— Celia Cole, the chief executive of Feeding Texas, expressed disappointment over Abbott's veto.
With $25 Million, Pro-Cuomo Super PAC Shatters Outside Spending Records: Former Gov. Andrew M. Cuomo’s candidacy has been bankrolled by the largest super PAC ...
nytimes.com/2025/06/24/nyregion/andrew-cuomo-campaign-finance.html
Ukraine can produce 8 million drones annually but needs funding, Zelensky says at NATO summit
kyivindependent.com/ukraine-can-produce-8-million-drones-annually-needs-investments-zelensky-says06-2025/
Commentary on poverty in old age in Germany: it mainly affects old women: There is a simple solution to the pension issue: the young must pay more and the old ...
taz.de/Kommentar-zur-Altersarmut-in-Deutschland/!vn6095718/
Kremlin unable to come up with funds to develop rail link with China: The rail monopoly Russian Railways is postponing a US$10 billion project that was intended ...
pravda.com.ua/eng/news/2025/06/23/7518361/
BBVA warns it could pull out of Sabadell bid if conditions are too harsh: BBVA could withdraw its offer for smaller rival Sabadell if conditions imposed by the ...
reuters.com/business/finance/bbva-chair-potential-sale-tsb-by-sabadell-has-comply-with-legislation-2025-06-23/
Walmart-backed PhonePe prepares for $1.5 billion India IPO, Bloomberg News reports
reuters.com/world/india/walmart-backed-phonepe-seeking-raise-15-billion-india-ipo-bloomberg-news-reports-2025-06-23/
Feel guilty when you take an MC? Here’s why you shouldn’t: Linking sick leave to performance evaluations can negatively affect productivity, say experts ...
straitstimes.com/business/feel-guilty-when-you-take-an-mc-heres-why-you-shouldnt
Studie: Kurze Krankschreibungen kosten die Kommunen über 130 Millionen Euro pro Jahr
yle.fi/a/74-20169028
Virgin shares jump almost 8 per cent on return to ASX: Virgin Australia has returned to the Australian Stock Exchange, with a massive swing in its share price.
9news.com.au/national/virgin-shares-jump-almost-8-per-cent-on-return-to-asx/91644fb3-4891-4c75-bfc4-213b1e122dfc
NDIS funding review sparks concerns over access to physiotherapy services: There are fears changes to funding under the National Disability Insurance Scheme ...
9news.com.au/national/ndis-funding-review-sparks-concern-over-access-to-physiotherapy-services/da4bf9ee-add1-4a2d-b8d4-cb948584b7ff
Because of the citizens' allowance: Billion-euro hole in health insurance funds could be even bigger
fr.de/wirtschaft/wegen-buergergeld-milliarden-loch-bei-krankenkassen-koennte-noch-groesser-sein-zr-93796786.html
Costa Rica’s President Chaves Accused of Illicit Campaign Financing: President Rodrigo Chaves and six officials have been accused of illicit campaign financing ...
ticotimes.net/2025/06/23/costa-ricas-president-chaves-accused-of-illicit-campaign-financing
Wife in deadly love triangle with racquetball coach and her husband gets life sentence
latimes.com/california/story/2025-06-23/hair-mogul-deadly-love-triangle
Goldman Sachs launches AI assistant firmwide, memo shows: Goldman Sachs announced a firmwide launch of an AI assistant, to boost productivity ...
thehindu.com/sci-tech/technology/goldman-sachs-launches-ai-assistant-firmwide-memo-shows/article69730486.ece
WATCH LIVE: Kennedy and Medicare and Medicaid head Dr. Oz make health insurance announcement
pbs.org/newshour/politics/watch-live-kennedy-and-medicare-and-medicaid-head-dr-oz-make-health-insurance-announcement
WATCH LIVE: Health Secretary RFK Jr. testifies on 2026 funding request in House hearing
BusinessTech 9h
South Africa’s biggest banks hit with R60 billion lawsuit: South Africa’s banks face a R60 billion lawsuit for allegedly selling homes unlawfully and under ...
businesstech.co.za/news/banking/829121/south-africas-biggest-banks-hit-with-r60-billion-lawsuit/
Books to read if you want to start investing in real estate: "We were reading all the time," said one couple who hit financial independence by buying property.
businessinsider.com/books-recommendations-if-you-want-to-invest-in-real-estate-2025-6
Israel kills at least 29 Palestinians in Gaza, including 13 aid seekers - War on Gaza - War on Gaza
english.ahram.org.eg/NewsContent/58/1262/548472/War-on-Gaza/War-on-Gaza/Israel-kills-at-least--Palestinians-in-Gaza,-inclu.aspx
Chalmers to push tariffs case on Trump team, still no meeting for Albanese: The prime minister has not met Trump face to face more than five months into the US ...
smh.com.au/politics/federal/chalmers-to-push-tariffs-case-on-trump-team-still-no-meeting-for-albanese-20250624-p5m9yq.html
Comparing the Israeli Market to the Global Economy | The Jerusalem Post: According to the Bank of Israel, the Israeli economy is expected to grow at twice the ...
jpost.com/business-and-innovation/banking-and-finance/article-858774
More Than 1,000 Americans Per Day Earned Millionaire Status In 2024: Nearly 400,000 Americans became millionaires last year to reach a total of 24 million ...
forbes.com/sites/pamdanziger/2025/06/20/more-than-1000-americans-per-day-earned-millionaire-status-in-2024/
Mitsubishi Makes Largest US Energy Bet Since 1870 With $3.9 Billion Solar Push :
benzinga.com/news/topics/25/06/46041490/mitsubishi-makes-largest-us-energy-bet-since-1870-with-3-9-billion-solar-push
The Globe and Mail Jun 23
No degree? No problem. Employers look beyond resumes as education becomes less important in hiring
theglobeandmail.com/business/careers/article-no-degree-no-problem-employers-look-beyond-resumes-as-education/
CNA Jun 23
MAS rejects Tan Suee Chieh's request to meet Gan Kim Yong over Income-Allianz issue
channelnewsasia.com/singapore/ntuc-income-allianz-deal-mas-tan-suee-chieh-insurance-5198261
Trump loves saying 'You're fired.' Now he's making it easier to fire federal workers
npr.org/2025/06/23/nx-s1-5431871/federal-employees-fired-hiring-trump-civil-service
French Socialists threaten to topple Bayrou government over pensions : Failure of talks between unions and employers about retirement age could trigger censure ...
ft.com/content/543bfefe-f148-44b8-bf27-db0750219ab3
HEDGE FLOW Hedge fund leverage reaches five-year high, buying bank stocks, Goldman Sachs says
reuters.com/business/finance/hedge-flow-hedge-fund-leverage-reaches-five-year-high-buying-bank-stocks-goldman-2025-06-23/
Special Tribunal interdicts payment of pension fund to former NLC manager: The Special Investigating Unit has secured an interim interdict preventing a former ...
timeslive.co.za/news/south-africa/2025-06-23-special-tribunal-interdicts-payment-of-pension-fund-to-former-nlc-manager/
33-year-old man nabbed for suspected drug trafficking after 2.7kg of cannabis found in flat
straitstimes.com/singapore/33-year-old-man-nabbed-for-suspected-drug-trafficking-after-2-7kg-of-cannabis-found-in-flat
CNA 17h
Are mainland Chinese F&B brands in Singapore driving up rents and squeezing out local businesses?
channelnewsasia.com/singapore/chinese-fb-retail-rental-costs-5193971
Health-care cuts in GOP’s budget bill may add up to $22,800 in medical debt for some families: Report
cnbc.com/2025/06/23/big-beautiful-bill-health-care-cuts-may-add-to-medical-debts-report.html
US business activity grows in June, but tariffs and inflation cloud outlook: Manufacturing in the United States sees modest expansion this month; inflation ...
wionews.com/business-economy/us-business-activity-grows-in-june-but-tariffs-and-inflation-cloud-outlook-1750738165768
Post Malone parties at Phoenix dive bar: 'He was very generous': After packing State Farm Stadium, Post Malone headed to Gracie's Tax Bar downtown ...
azcentral.com/story/entertainment/music/2025/06/23/post-malone-gracies-tax-bar-phoenix/84320701007/
