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Hassett, director of the White House National Economic Council, said AI companies are earning outsized profits.

2026-06-22

Hassett, director of the White House National Economic Council, said AI companies are earning outsized profits.

Other News
2026-06-22

KPLER estimates Asia's crude imports will rise to about 22.18 mln bpd in June from 20.35 mln bpd in May, still below the pre‑Feb. 28 attack three‑month average of 26.76 mln bpd. June volumes are well above April's eight‑year low of 18.77 mln bpd, whe

KPLER estimates Asia's crude imports will rise to about 22.18 mln bpd in June from 20.35 mln bpd in May, still below the pre‑Feb. 28 attack three‑month average of 26.76 mln bpd. June volumes are well above April's eight‑year low of 18.77 mln bpd, when the Strait of Hormuz was effectively shut. KPLER said refined‑product supply remains constrained and that restoration of roughly 20% of pre‑conflict global flows through the Strait could bring additional oil to Asia in July, a tightening is likely to be reflected in prices.
2026-06-22

A government-appointed committee will submit on Tuesday a draft pension overhaul backed by Chancellor Merz’s coalition that would introduce market-based savings, tighten early-retirement rules and phase up the retirement age in line with rising life

A government-appointed committee will submit on Tuesday a draft pension overhaul backed by Chancellor Merz’s coalition that would introduce market-based savings, tighten early-retirement rules and phase up the retirement age in line with rising life expectancy. The proposal calls for phased supplementary contributions equal to 2% of total wages to be managed via a public fund vehicle and invested in capital markets. It would also remove an early-retirement route that allowed workers with 45 years’ contributions to retire early. The reform is one of the most divisive issues in the 13-month-old coalition and may face implementation risks amid Conservative–Social Democrat disagreement.
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