Finance news

Fires ravage France, Spain, Portugal forests as Europe’s temperatures rise again

Hundreds of firefighters battled forest infernos in France, Spain and Portugal on Sunday as temperatures rose again in heatwave-scarred Europe. The latest wildfires have already devastated more than 17,000 hectares (42,000 acres) of land – twice the size of Manhattan – across the three countries where temperatures in some places were predicted to touch 40°C on Sunday. Authorities registered thousands of excess deaths during one of Europe’s worst heatwaves in June, and with more extreme weather..

Broker with automatic selling and buying again?

I hope the title makes some sense. Is there a broker (in DE) that offers such a feature? The exemption amount is currently 1k euros. If there is anything left over at the end of the year, why will some of my ETFs/stock be automatically sold and repurchased? submitted by /u/acakaacaka [link] [comments]

The unstoppable rise of China-made cars in Europe: 5 things to know

Business ticker: Uber apparently stops expanding its food delivery service in Europe

The background is the planned takeover of Delivery Hero +++ Airports criticize waiting times due to new border controls +++ Continental seals the sale of Contitech +++ News in the company's live blog.

Expansion: Uber is likely to stop expanding its food delivery service in Europe

Uber recently announced extensive expansion plans for its food delivery service. The planned takeover of Delivery Hero is now apparently causing unthinking.

NATO summit: Europe is arming, but Washington takes the biggest hit

Europe should buy more US weapons for NATO in order to make Donald Trump more merciful. But there are other plans in Brussels.

Interview: “The future does not currently lie in Germany” – entrepreneur Frank Ferchau calls for labor law reforms

Companies avoid Germany and prefer to invest in Eastern Europe, says the chairman of the medium-sized company Ferchau. His solution: less state, more freedom – and personal responsibility.

Delivery service: Uber stops expansion of food delivery service in Europe

Because of the planned takeover of a German competitor, Uber is stopping its food delivery service expansion in large parts of Europe.

Quantum computing: Quantum technology threatens to repeat “what we already see with AI”

US President Donald Trump wants to help quantum computers achieve a breakthrough with government support. German start-ups like Planqc and EleQtron are demanding a response from Europe.

Hong Kong must brace for AI bubble risk and quantum computer threat: HKMA chief

Hong Kong must brace for the emerging risks of an artificial intelligence (AI) bubble bursting and quantum computers capable of hacking encrypted financial systems, the head of the city’s de facto central bank has warned. Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), also said on Sunday that the banking regulator would focus on expanding the internationalisation of the yuan in the next few years. Yue cautioned that the current euphoria surrounding the AI sector..

Doctor given 9‑month ban for misconduct in case that left boy disabled for life

A Hong Kong paediatrician has been removed from the General Register for nine months after being found guilty of professional misconduct by the medical watchdog over an incident that left a boy permanently disabled more than 16 years ago. In a verdict on Sunday, Dr Sit Sou-chi was convicted of failing to carry out all necessary and immediate investigations on newborn Li Yuanjian, the son of a mainland Chinese couple, after the infant suffered a seizure on December 22, 2009, at Baptist...

How much does the world cost?: How Vinted turns your distrust into money

Vinted now sells more clothes than Amazon in some European countries. At one point they were almost bankrupt! How did they do that? And will fraud and abuse scandals still break their necks?

How to manage China’s rise as a civilisational power

The world has yet to truly understand how to deal with a rapidly rising China. Even within China, some of the most learned minds are surprised at how quickly the country has taken the global lead in new economic areas, such as electric vehicles. Global warming is no longer abstract; ask around in Europe this summer and people will tell you it has been unbearably hot. Electric vehicles have a future, if they are not the future. Prudent Chinese literati do not lightly discuss how China should act.

Dip in U.S. LNG Imports to EU Spells Trouble for Trade Deal

For two years, the European Union has been the biggest regional buyer of U.S. liquefied natural gas. Sanctions on Russia, including a ban on LNG purchased from 2027, have prompted the pivot, actively encouraged by the second Trump administration. But last month, Europe shunned American liquefied gas because it was too expensive. This will be a problem for the trade deal that just went into effect. Last July, President Donald Trump and European Commission President Ursula von der Leyen signed a t

China offers sea cable detection tech to clients in Middle East, Europe and Asia

China plans to export powerful robots capable of locating marine cables buried under the seabed to regions including “Southeast Asia, the Middle East and Europe”, according to the Science and Technology Daily. China aimed to secure its position in the marine equipment sector by introducing this technology to potential clients in these regions, the official newspaper reported last Monday. “By deepening cooperation in [these] offshore engineering markets, we will integrate Chinese intelligent...

‘Overcapacity’ talk reflects a West irked by China’s industrial rise

There is something odd about the debate on China’s “overcapacity”. Europe says the world needs cheaper and faster clean energy deployment, yet complains when China produces the solar panels, wind turbines, batteries and electric vehicles that make this possible. Bruegel, a Brussels-based think tank specialising in economic policy, recently published a working paper, “To what extent can green infrastructure investment mitigate China’s clean-energy overcapacity?” It argues that China’s industrial.

Japan pledges US$3 million for Kazakhstan’s Caspian Sea water decline

Japan has partnered with the UN Development Programme (UNDP) to support Kazakhstan’s efforts to address the decline in the Caspian Sea’s water level driven by climate change, pledging a 465 million yen (US$3 million) grant towards its sustainable use. Under the initiative for the world’s largest inland water body, Japan hopes to promote cooperation among littoral states on water resource management and enhance monitoring systems, according to the foreign ministry. The decline in the Caspian...

87,000 euros less return: owner-occupiers of real estate are tax disadvantaged compared to landlords

A new analysis shows: Buying a property in Germany and moving in yourself is financially significantly less attractive than renting it out. This is not the case in other European countries.

Italian rice crops suffer in drought, worst European heatwave ever

Summer came too early to Europe’s most important rice-growing region, and weeds are taking over Sharon Angoli’s parched paddies in Italy’s Pavia province. “That one is done for, no matter what happens,” the 22-year-old said as she surveyed one desolate field that has been baked by what is among the most severe heatwaves to hit the continent in June. Even abundant rains for the rest of the summer would probably not save the crop, she said. Angoli and her father, Carlo, also fear for their other..

Renowned neurobiologist and former taekwondo captain Chih-Ying Su leaves US for China

Celebrated neurobiologist Chih-Ying Su, who specialises in research on the sense of smell using fruit flies and mosquitoes, has left her position as faculty vice-chair at the University of California San Diego to join the Shenzhen Academy of Medical Sciences (SMART). The Taiwan-born American scholar’s appointment as a full-time senior investigator was confirmed by SMART on July 2. Professor Su’s lab focuses on how olfactory receptor neurons (ORNs) process odour information, as these neurons are.

Artificial intelligence: bureaucracy is slowing down German supercomputers

With “Jupiter”, Germany and Europe wanted to catch up quickly in artificial intelligence. A typically German problem is getting in the way of the project.

What's actually going on with banks?

I inherited a good amount last year, most of which was in deka funds and certificates. After having to understand what I have and what it does, I decided that it didn't work for me and I would like to simplify it. So the plan was to throw the majority of it into a FTSE World via Scalable and forget about the next 10-15 years. So I slowly started to rearrange everything. I probably have a weird workflow with 1 position

Guest comment: A new economic miracle can only happen with digital sovereignty made in Europe

It is not a law of nature that non-European tech companies are getting bigger and bigger. It is the result of poor regulation and careless users, says advertising marketer Stefan Mölling.

Group restructuring: Continental seals sale of ContiTech

Continental is separating from ContiTech and selling the industrial division to Lone Star for four billion euros. The goal of the DAX group is, among other things, to reduce debt.

F.A.S. Exclusive: How the EU accidentally made shopping more expensive

The European Union wanted to protect customers from the discount trap. Two economists have examined the EU rule and found that it is backfiring.

Pope visits Africa-Europe crossing as anti-migrant policies rise in US, EU

Pope Leo on Saturday visited Italy’s Lampedusa island, a major port of call for migrants risking the perilous crossing from Africa, in a stark message to US and EU leaders. The Catholic Church’s first US pope, who has clashed with the administration of President Donald Trump over its treatment of migrants, is marking July 4, the United States’ 250th anniversary of independence, on a migration frontline. Leo’s visit also comes just two weeks after the European Union’s approval of new migrant...

Blaming China won’t bring jobs back to ‘post-industrial’ economies

Almost anywhere you look these days, you can find claims from political, academic and other various sources that China’s supposed overproduction and exports of manufactured goods pose unfair advantages. These sources may also claim such unfair advantages justify protectionist countermeasures. But it is difficult to counter one’s own folly. For decades, the US, much of Europe and even Japan, long proud of its manufacturing skills, have prided themselves on becoming “post-industrial” and...

Currency advantages, K-beauty fuel Chinese shopping trips, spending in Korea

When Chelsea Wang travelled to Seoul with two friends in late April, they barely visited any of the city’s palaces or tourist attractions. Instead, their three-and-a-half-day itinerary revolved around duty-free shopping, beauty treatments, hair salons and cosmetics stores. Wang arrived with a shopping list of her own: a backpack she estimated would cost at least 500 yuan ($70) less than in China, and a bottle of perfume at a similar discount. One of her friends, Wu, a 28-year-old white-collar...

Do we just follow Greece?

IMO, many people have somehow forgotten why the debt brake even existed: it was done because of the debt crisis in Europe, with Greece as an extreme example. For many years, the economy was kept running with public investments from debt and there was a bloated civil service and pension system. On January 1, 1999, the euro was introduced in some EU countries. Greece was admitted to the Eurozone in 2001 despite meeting EU criticism of convergence

BörsenWoche 566: Editorial: Gold with chances of catching up in the second half of the year

The precious metal has slipped below $4,000 again this week. But the weak development in the first half of the year could be followed by a recovery.