Latest news with #SvenHoppe
Forbes
a day ago
- Business
- Forbes
Gold ETFs Record First Outflow Since November, Says World Gold Council
Photo by Sven Hoppe/picture alliance via Getty Images Global gold-backed exchange-traded funds (ETFs) endured their first outflow for five months in May as demand for riskier assets improved, latest World Gold Council (WGC) data shows. Total outflows came in at 19 tonnes and had a value of $1.8 billion, the body said. This pulled total physical holdings down to 3,541 tonnes. The WGC said that 'North America took the largest hit, and Asia reversed the strong momentum it experienced in April.' It added that 'funds in other regions experienced a small loss for the first time in six months,' though mind inflows into European funds continued. Inflows and outflows experienced by gold ETFs since mid-2023. Depressed further by the falling gold price, total assets under administration (AUMs) in bullion ETFs dropped to $374 billion in May from a record $379 billion the previous month. Gold fund inflows hit three-year peaks in April as market interest in safe-haven assets ignited. Yellow metal prices have since retreated from record highs above $3,500 per ounce in late April and were last at $3,384. Despite May's reversal, ETF flows remain positive for the year to date, the WGC noted. Inflows have totaled $30 billion since the start of 2025, while physical holdings have risen by 322 tonnes. In North America, funds endured their first negative month since January last month, according to the WGC. Holdings contracted 16 tonnes over the month to 1,813 tonnes. Outflows were valued at $1.5 billion, reducing regional AUMs to $191 billion. The organization said that 'the better-than-expected temporary easing of tariffs between the US and China improved investor risk appetite, which led to a strong rebound in equities, but lower safe-haven demand for gold.' It added that 'the market is now expecting higher rates by the end of 2025, leading to rising US Treasury yields and increasing the opportunity cost of holding gold.' This follows recent Federal Reserve minutes that showed the central bank is taking a more measured approach to future interest rate cuts. Meanwhile, Asian-located ETFs endured their first monthly reversal since November thanks to a $489 million outflow. Physical holdings dipped by five tonnes, to 315 tonnes. Cumulative AUMs reversed to 34 tonnes. According to the WGC, 'China led outflows as safe-haven demand diminished amid de-escalating trade tensions with the US and subsequent equity rebounds.' However, the body added that Japanese funds continued to increase, registering their eighth monthly inflow on the spin. Funds in other regions (excluding Europe) experienced a fall of less than half a tonne, resulting in month-end holdings of 70 tonnes. Outflows of $27 million slimmed AUMs to $7 billion, chiefly due to liquidations in Australia and South Africa. ETF activity in Europe bucked the broader trend, with holdings edging higher by two tonnes in May to 1,343 tonnes. Inflows were worth $225 million, pulling total AUMs to $142 billion. But continental performance was mixed, with the WGC commenting that 'inflows in France more than offset continued outflows from Germany and the UK.' It said that 'sluggish economic growth and weakening consumer sentiment; the Trump administration's escalation of tariff threats which attracted gold ETF inflows across Europe in late May; and intensifying fiscal concerns and political instability' all drove French gold demand last month.
Yahoo
3 days ago
- Business
- Yahoo
Reports: Neestrup being tracked by Leipzig as well as Wolfsburg
Copenhagen coach Jacob Neestrup stands on the sidelines during the UEFA Champions League Group A soccer match between FC Copenhagen and FC Bayern Munich at the Telia Parken. RB Leipzig are considering FC Copenhagen boss Jacob Neestrup as a candidate for their vacant head coach position, according to media reports. Sven Hoppe/dpa RB Leipzig are considering FC Copenhagen boss Jacob Neestrup as a candidate for their vacant head coach position, according to media reports. The Dane has also been linked in the media with Bundesliga rival Wolfsburg. Advertisement Kicker and Sport Bild reported on Tuesday that Leipzig sporting director Marcel Schäfer had reached out to the 37-year-old. Leipzig, who missed out on Europe for the first time as a Bundesliga team, are searching for a successor to interim coach Zsolt Löw. The 46-year-old took over from the sacked Marco Rose in March but returned to Jürgen Klopp's global football strategy team at Red Bull after the season ended. Spaniard Cesc Fàbregas from Italian Serie A club Como and Crystal Palace's Austrian boss Oliver Glasner were viewed as top candidates for the Leipzig job, but both appear set to stay put.
Yahoo
29-05-2025
- General
- Yahoo
Stadium announcements by referees to be available in German football
a view of the scoreboard informing about refree's announcements during the German Bundesliga soccer match between Bayern Munich and Holstein Kiel at the Allianz Arena. Starting next season, in-stadium announcements by match referees are to be available in all stadiums in Germany's Bundesliga and second division, a spokesperson for the German Football League (DFL) said. Sven Hoppe/dpa Starting next season, in-stadium announcements by match referees are to be available in all stadiums in Germany's Bundesliga and second division, a spokesperson for the German Football League (DFL) said. The DFL football commission has issued a corresponding unanimous recommendation to the executive committee of organization. Approval is considered highly likely. Advertisement This year, the DFL did a trial of the system in nine stadiums in the first and second divisions. Referees would use the sound system to clarify their decisions to the public to lead to more transparency after video assistant referee (VAR) interventions. Including the German Cup matches, there were a total of 24 announcements by the referees. According to an interim report, the procedure and the technology worked well.
Yahoo
28-05-2025
- General
- Yahoo
Boateng mulls keeping his kids away from stadiums due to racism
Then Germany's footballer Jerome Boateng, stands at the regional court in Munich. Former Germany defender Jerome Boateng is considering not letting his children go to watch him play in stadiums in Austria after receiving racist abuse. Sven Hoppe/dpa Former Germany defender Jérôme Boateng is considering not letting his children go to watch him play in stadiums in Austria after receiving racist abuse. The 36-year-old joined LASK last year but accused his own fans of racist abuse towards him in the 1-0 loss at Grazer AK earlier this month. Advertisement "I've experienced it across my career - even in my youth. It was towards me recently, but it has also been against my team-mates with a different skin colour. It's not acceptable in any way," 2014 World Cup winner Boateng told Sport1 on Wednesday. "Racism has no place at all. You have to talk about it and not look away. Insults are one thing, but racist abuse is another level. There are children in the stadium - including mine. I have to think about whether I still let my children into the stadium."
Local Germany
15-05-2025
- General
- Local Germany
Why Munich residents are getting yellow recycling bins for the first time
The city of Munich plans to revamp its waste collection system with the introduction of yellow bins from the beginning of 2027. This follows a pilot test in which the city's waste management company (AWM) had placed yellow bins – for collecting a mix of food packaging, metals and plastics – in certain neighbourhoods. Following positive feedback from both residents and AWM, the yellow bin system is to be implemented throughout the Bavarian capital. Perhaps more exciting than the introduction of a new bin in itself, the yellow bins are to be placed in residential buildings alongside other waste bins – so Munich residents can skip those extra trips to the city's infamous recycling islands in future. What are the yellow bins? Yellow bins, as seen in Berlin and other German cities, are for food packaging, metals and plastics. The containers themselves are often called Gelbe Tonne (yellow bin) and the stuff that goes in them is called Werbstoffe (recyclable materials). Or, more specifically, it's Verkaufsverpackungen aus Metall, Kunstoff und Verbundstoffen (sales packaging made of metal, plastic and composite materials). Much of this can be recycled, which is why it's helpful to be pre-emptively separated from the general waste. Things that belong in the yellow bin include: Beverage and milk cartons Plastic packaging (bottles, foils, bags) Plastic objects (bowls, buckets, toys) Tin cans and tubes Aluminium foil and trays Metal objects (cooking pots, pans, tools) Advertisement The end of the infamous recycling islands Waste collection in Germany is organised by local governments, so bin colours as well as the general protocol for separating and organising waste can look pretty different from region to region. Until now Munich residents have had three bins at home: Papier-Tonne (blue bin - for paper and cardboard), Bio-Tonne (brown bin - for compost) and Rest-Müll-Tonne (grey bin - for mixed waste). READ ALSO: Why you'll have to take more care sorting your biowaste in Germany from May Employees of Munich's waste management company (AWM) empty garbage cans in the early morning. In future, plastic and metal recyclables will also be collected by trucks. Photo: picture alliance/dpa | Sven Hoppe This leaves glass (in three separate colours) as well as a fair amount of other plastic, metal and composite material that needed to be separated and collected elsewhere. For this purpose, Munich has set up recycling islands ( Wertstoffinseln ) where people can drop their glass and other recycling materials during daytime hours (excluding Sundays). But the recycling islands were problematic in that they smelled bad, often filled beyond capacity and created a bothersome chore for people living further from them. READ ALSO: The changes to Germany's waste and recycling rules in 2025 What do people in Munich think? Bettina Kudla, a tax consultant from Allach who took part in the yellow bin pilot test told the Münchner Merkur that using the yellow bins was a more 'consumer friendly' way to recycle. Kudla noted the distance to recycling islands was too far for some, and added that some packaging didn't fit in the opening to the old containers and often ended up 'in the residual waste, or even worse, next to the containers." Advertisement The pilot test also found that more recyclable material was collected everywhere that yellow bins were put in place. Munich's environmental department therefore suggests that the yellow bins will significantly reduce greenhouse gas emissions. An SZ report quotes positive reactions from members of virtually all major parties in Munich, including members of the Greens, SDP, CSU, Free Voters, FDP and ÖDP - which is the Ecological Democratic Party. "The yellow bin improves the collection quality and quantity of recyclables compared to the delivery system and is very well received by the citizens," ÖDP city councillor Tobias Ruff told the South German newspaper. He says the additional bin should have no impact on waste collection fees. Munich had just increased those fees at the beginning of this year: the weekly emptying of a 120-litre container, for example, costs €440 annually. Munich's city council plans to officially decide on the introduction of yellow bins on June 5th. Vocabulary Waste bin/garbage can - die Mülltonne Yellow bin - die Gelbe Tonne Recyclables - die Werstoffe Packaging - die Verkaufsverpackung Pilot test - der Pilotversuch Cleanliness - die Sauberkeit We're aiming to help our readers improve their German by translating vocabulary from some of our news stories. Did you find this article useful? Let us know .
