Finance news

Software company: Microsoft pays 6.3 billion dollars in taxes in the EU

Billions flow to Ireland, Germany only gets a small piece of the tax pie. What's behind Microsoft's tax strategy in Europe?

With the yen at a 40-year low, here’s when Japan could intervene to catch the market off balance

Japan’s central bank may look to exploit low trading volumes over the U.S. holiday to push its currency higher.

Top economist: "VW will probably be bought by Chinese car manufacturer"

What would BYD gain from buying VW? Wouldn't it be cheaper to set up your own production in Europe? submitted by /u/IntrepidWolverine517 [link] [comments]

Guest commentary: Europe’s global technology leaders need a “German Deal for Innovation”

We produce first-class innovations, but the jump from start-up to scale-up often lacks capital. Stefan Wintels, CEO of the KfW banking group, explains what needs to change.

Hong Kong private sports clubs must pay land premiums or open doors as leases end

Hong Kong’s 15 private sports clubs must either pay one-third of their land premium, ranging from tens to hundreds of millions of dollars, or open their doors to the public when their leases expire at the end of the year, authorities have confirmed. The Culture, Sports and Tourism Bureau said on Tuesday that it has begun notifying the clubs and outlining lease renewal procedures, including premium payment requirements. The arrangement, first announced in 2019, ends the long-standing...

EU budget: Berlin wants drastic cuts in EU financial planning

The Chancellor sharply criticizes the planned EU financial framework. Berlin is demanding cuts of 400 billion euros.

+++ Iran War +++: US negotiators Witkoff and Kushner for talks in Doha – no meeting between Iran and the USA

Iran announces talks with Qatar about frozen funds +++ Israel's ambassador: Europe must help Lebanese government +++ Two members of the Revolutionary Guard killed +++ The news blog.

Japan and India to take step toward direct yen-rupee settlements

Financial institution: Barclays buys London headquarters for almost 900 million euros

The British bank's lease actually expires in 2039. Barclays has now purchased the office complex that has been its global headquarters since 2005.

Extreme weather in Europe: WHO: Heat wave is a dress rehearsal for future summers

Europe groaned under extreme heat for days. This is just the beginning, warns the World Health Organization: the coming summers will be even harder - and many countries are not prepared for them.

Iraq’s 14 million barrels of trapped oil travels through Strait of Hormuz

Iraqi oil stranded by the Middle East conflict has escaped the Persian Gulf over the past ten days as transit via the Strait of Hormuz eased during an uneasy US-Iran ceasefire. Vessels carrying about 14 million barrels of Iraqi oil exited the Gulf in the latter part of June and are now carrying crude to buyers in Asia, Europe and the US, according to tanker tracking data compiled by Bloomberg. That is the equivalent of about 1.4 million barrels a day over the 10-day period. All cargoes loaded...

Ascendant Paris to hold European-flavored Bastille Day flyover with nuclear undertones

The symbolism is notable as all four participating countries have signed up for some variation of France’s promised forward nuclear-deterrence scheme.

Technology: Dresden chip start-up FMC hires former boss of Infineon

Reinhard Ploss and former production director Rutger Wijburg are supposed to help with the billion-dollar project in Magdeburg - and accelerate Europe's return to the storage market.

Up to 900 euros a year: Klingbeil wants to relieve the burden on 35 million taxpayers

🔊 I'll take everything from you - arrest warrant | SPD Remix 🔊 Now also in the medium of your choice! submitted by /u/TorpCat [link] [comments]

From July 1st: offices to living space – investors can apply for funding

Empty offices are to be turned into apartments: From July, the federal government will be funding the conversion with up to 30,000 euros per unit. Building Minister Hubertz wants to create new living space.

Broadcasting fee: Income from ARD and ZDF falls by 20 million euros

The income from the broadcasting fee falls slightly, but remains at billions. How the income is distributed among the broadcasters and what is disputed about.

EU seeks ‘tangible results’ on China trade deficit by October

The European Union set an October deadline for “tangible results” in tackling its growing trade deficit with China, after the two sides held talks in Brussels in an attempt to avoid a trade war. “Not everything will be solved, not everything will be fixed, but we think that between now and October, our teams have sufficient time to deliver the tangible results,” EU trade chief Maros Sefcovic told reporters on Monday, according to Bloomberg News. He spoke after “intensive, focused and...

Inflation likely to stay ‘significantly above target,’ top European central banker warns

Joachim Nagel, president of Germany’s Bundesbank, spoke to CNBC on the sidelines of an ECB conference in Portugal.

Shipping: Adani brings shipping company MSC on board for billion-dollar investment

Adani Ports is selling a 49 percent stake in its Vizhinjam port to MSC for $1.4 billion. Adani hopes that the sale will increase freight volumes.

Nikkei, Kospi, CSI 300: Yen falls to 40-year low – strong stock market quarter in Asia

Japan's Nikkei is heading for a quarterly gain of more than 36 percent. The weak yen, on the other hand, is weighing on investor sentiment.

Holiday home in flames: Before the spark ignites

Southern Europe: Fire protection for holiday properties

China-EU joint statement on trade

China and the European Union released a joint statement on Monday following talks between China’s Minister of Commerce, Wang Wentao, and the EU’s trade chief, Maros Sefcovic, in Brussels. During the meeting, the two sides agreed to establish a joint platform to monitor trade flows and to set up working groups to ease bilateral economic tensions. EU-China Joint Statement by scmp

Most property deals in Europe are being signed with the wrong e-signature. Here's what that means.

In Austria, Germany, and most of the EU, high-value transactions like property deals require the highest level of legal certainty. That means QES — qualified electronic signature. Most people sign with SES or AES because that's what their tool does by default. It looks valid. It feels valid. But if the deal is ever challenged in court, the signature is the first thing that gets tested. QES is the only type that's legally equivalent to a handwritten signature under EU law. Worth knowing before yo

Yen hits 39-year low of 162 per dollar: 5 things to know

Nikkei and Kospi: Yen falls to 40-year low – strong stock market quarter in Asia

Japan's Nikkei is heading for a quarterly gain of more than 36 percent. The weak yen, on the other hand, is weighing on investor sentiment.

Temu and Shein: Attention, extra costs – customs duties now also apply to cheap packages

Anyone who orders online from Temu, for example, has not previously had to expect customs fees. That will change on July 1st: in the future, at least three euros will be due. There is a big problem behind this.

Chinese tourists high on Malaysia, why Europe is praising Lee Kuan Yew: 7 Asia highlights

We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Malaysia has never had so many Chinese tourists. It wants more As Thailand loses its allure, Malaysia turns to viral algorithms to entice millions of independent Chinese travellers. 2. Pakistan rattles India with new Chinese-built stealth submarine The last time...

Web and app tip: Pay with Wero? - Website shows where it is already possible

Wero is a European payment service that is being offered by more and more banks. In addition to sending money, you can also use it to shop online. But where? “Werotracker.eu” reveals it.

Vacation Dangers: Climate change makes summer vacations riskier

Viruses transmitted by mosquitoes, dangerous bacteria in the sea, extreme heat in cities: climate change is having a concrete impact on summer holidays - even in Central Europe.

Japan is raising visa fees by up to 400% for the first time in nearly 50 years. Here's why

A single entry visa will climb to 15,000 yen, from the 3,000 yen charged currently, while multiple entry visas will cost 30,000 yen, up from the 6,000 yen now.