Finance news

Comment: The mudslinging between Trump and the Fed is entering the next round

The US President is not allowed to fire the monetary watchdog Lisa Cook immediately. At least not for now. With his attacks against the US Federal Reserve, he is pursuing a blatant goal.

Japanese yen sinks to 40-year low, keeping intervention risks in focus

The Japanese yen weakened to its lowest level against the U.S. dollar since 1986 on Tuesday, keeping investors on alert for possible intervention from Japanese authorities.

Japan aims to catch up on drone warfare by tapping Ukraine’s experience

Japan is accelerating plans to acquire and develop drones for its military by stepping up cooperation with Ukraine and learning from Kyiv’s wartime experience against Russia as it seeks to deploy more unmanned systems across its territory in the Pacific. To complement this strategy, Japanese companies are boosting cooperation with their European counterparts to manufacture anti-submarine drones. “The entire international community has witnessed how warfare has changed since the outbreak of the..

Apple supplier Luxshare seeks up to $3.1 billion in Hong Kong share sale

Apple supplier Luxshare Precision Industry is seeking to raise as much as $24.27 billion Hong Kong dollars ($3.1 billion) through a Hong Kong share sale.

Self-exiled Chinese billionaire Guo Wengui jailed for 30 years in US for fraud conviction

A self-exiled billionaire Chinese business tycoon once believed to be among China’s wealthiest men was sentenced on Monday to 30 years in a US prison for a massive financial fraud that a federal judge said cost over 1,000 people worldwide hundreds of millions of dollars. Guo Wengui, who fled China a decade ago and reinvented himself as a US-based Communist Party critic, was sentenced in a Manhattan courtroom packed with his supporters by Judge Analisa Torres. She said he “preyed on those seeking

ECB: Lagarde on interest rate hike: “not a hedging measure”

The European Central Bank's latest interest rate decision is based on the current assessment of the situation. The ECB relies on improvements to its forecast models.

Contribution shock for specialists and managers

https://www.faz.net/aktuell/wirtschaft/arm-und-reich/teilsschock-fuer-fach-und-fuehrungskraefte-was-droht-200979650.html The coalition is fighting for tax relief of up to 500 euros per year. Anyone who earns more than 75,000 euros has other worries: there is a risk of additional social security contributions of several thousand euros. https://archive.is/20260629165612/https://www.faz.net/aktuell/wirtschaft/arm-und-reich/teilsschock-fuer-fach-und-fuehrungskraefte-was-droht-200979650.html submitted by /u/Successful

EU sets October deadline for ‘tangible results’ on China imbalances after key trade talks

In a bid to cool searing trade tensions, the European Union and China have launched a new ministerial-level platform for solving grievances, with Brussels insisting that disputes over trade imbalances, export controls and intellectual property must deliver “tangible results” by October. On Monday, in the middle of marathon talks in the Belgian capital, the sides issued a rare joint statement, in which they announced four initial workstreams, focused on trade and investment balancing, export...

Honda eyes $2.5bn in eurobonds to fund payments to parts makers

Yen slips to 39-year low as dollar rally gathers steam

Social insurance: Contribution shock for specialists and managers

The coalition is fighting for tax relief of up to 500 euros per year. Anyone who earns more than 75,000 euros has other worries: there is a risk of additional social security contributions of several thousand euros.

Strategy can now sell bitcoin to buy back stock — the opposite of what it’s been doing

Strategy disclosed a program to sell bitcoin “from time to time” to fund its U.S. dollar reserve and share repurchases.

Russian strikes on Ukraine kill at least 11, injure 40, as heatwave attacks too

Russian missiles and drones killed at least 11 civilians and injured 40 others in Ukraine on Monday in what President Volodymyr Zelensky described as “horrific attacks”, while the nation’s energy grid buckled under temperatures in excess of 36 degrees Celsius, hit by the deadly heatwave that has afflicted much of Europe. Russian drone and missile attacks have decimated Ukraine’s energy network since Moscow invaded in February 2022, causing tens of billions of dollars worth of damage and leading.

Facebook in its sights: ECJ should clarify consumer rights regarding data leaks

Data thieves were able to use Facebook millions of times. The European Court of Justice should clarify whether German consumers can enforce their rights through class action lawsuits.

EBRD Pledges More Funding for Ukraine's Long-Term Energy Needs

The European Bank of Reconstruction and Development committed more financing for Ukraine to install new power generation capacity and help the country decarbonize its energy system.

Why is Taiwan’s KMT calling for the government to spend billions more on drones?

After rejecting a government spending package, Taiwan’s opposition Kuomintang (KMT) has submitted its own proposal worth several billion dollars more to boost the military’s unmanned vehicle capabilities and the island’s broader drone sector. The move reflects growing consensus across Taiwan’s political spectrum that unmanned systems will be central to the island’s defence in the future. Defending its decision to reject the government’s proposal for the sector, KMT officials on Monday said the..

China’s cooling, e-commerce giants see sales surge as scorched Europe scrambles for relief

A heatwave sweeping across Europe has triggered a massive surge in sales for Chinese home appliances, with e-commerce giant Alibaba recording triple-digit growth for air conditioners and fans on its overseas platforms. On AliExpress, Alibaba’s international retail site, the June debut of air conditioners in Germany saw warehouse inventory for a 2.35-kilowatt Midea model completely wiped out by Thursday, according to data from Alibaba. The trend was also stark in southern Europe. Fan sales in...

European stocks are poised to outdo their American peers. These catalysts explain why.

JPMorgan raises its year-end target for European stocks again. Panmure warns that high valuations imply negative returns for the U.S. in the next decade.

Rally into July 44th and July 17th, Q3 20% market correction, October melt up.

The guy who runs the best-performing portfolio on Substack posted on June 7 that a 20% stock market correction is imminent due to the yen carry trade playing out. He also called the Iran/US peace agreement (MOU) that weekend before it happened, along with an SPX range through July OPEX. So far, it has played out exactly as outlined. Then, this week, he reiterated the correction call, citing the SMH weekly close, and expects the market to rally into the July 4 weekend and July OPEX before the cor

Book “The Score”: Being smarter than the metrics

Leaderboards and point systems everywhere: The philosopher Christopher Thi Nguyen makes it clear that we can hardly escape the predetermined processes in everyday life. Although his book doesn't show a way out, it does offer food for thought that is encouraging.

Heatwave grips Eastern Europe after Germany weather breaks records

The deadly heatwave that’s set temperature records across western Europe for more than a week has shifted east to scorch Hungary, Romania and the Balkans. Hungary’s Budapest is expected to top 40 degrees Celsius (104F) on Tuesday, according to models from the European Centre for Medium-Range Weather Forecasts. Belgrade in Serbia and Bucharest in Romania will reach 38 degrees and 37 degrees, respectively, on Monday. Red warnings for extreme heat have been issued in Poland, Hungary, Romania,...

Israel sells Spyder air defense systems to Romania for $2.3 billion

According to manufacturer Rafael, it's the largest contract in its history.

State finances: Klingbeil closes billions in gaps in the budget

The government's draft budget is to be approved next Monday. There is now a concept for closing the 21 billion euro gap.

Coalition Committee: Will the “Gesamtkunstwerk” reform package succeed?

The pension reform is finalized. But the test for the new unity in the black-red government is still ahead.

Airbus: EU development bank puts three billion into Airbus

The European Investment Bank is intended to help finance the EU's priorities. The development bank is providing Airbus with more money than ever before to any company.

Coalition Committee: Will the “Gesamtkunstwerk” reform package succeed?

The pension reform is finalized. But the test for the new unity in the black-red government is still ahead.

Takeover: Persistent wants to buy IT service provider Nagarro for one billion euros

Persistent plans to acquire Nagarro and thereby close a strategic gap in the European IT market. Nagarro shares are rising on Monday.

High investments worth billions: South Korea wants to make itself irreplaceable for the AI ​​era

Korea's major corporations Samsung, SK Hynix and the state are planning chip factories. With investments of up to one trillion euros, they want to expand their dominant position in the AI ​​age. There is criticism of the choice of location.

European Central Bank: Lending to companies in the euro area is increasing

ECB data shows: Banks are granting significantly more corporate loans. What this means for interest rates and the economy in the euro area.

EU Secures Industry Deal to Grow Energy Storage Capacity

The European Commission executed a public-private cooperation agreement on energy storage that saw 22 member states commit to enabling the installation of 30-35 gigawatts of capacity over the next 2 years.