Finance news

Winkel: Head of the Junge Union proposes major tax reform

Black-Red wants to relieve the burden on small and medium-sized income earners. The head of the Junge Union recommends a big hit – with relief of over 20 billion euros.

France sees 1,000 excess deaths during record-breaking heatwave

France has ⁠recorded 1,000 excess deaths ⁠during the blistering ⁠heatwave sweeping Europe, the public health agency said on Sunday, warning that the true figure was likely to be higher. Detailing its preliminary count of excess ‌deaths, Sante Publique said most of the fatalities involved older people and that it expected the mortality rate to rise as more information became available about deaths in residential care and homes. Europeans have been enduring blistering ⁠conditions during a heatwave

+++ Football World Cup 2026 +++: Austria saves itself in added time

Messi scores in Argentina's anniversary victory +++ Group win and Kane record: England beats Panama +++ Ticket prices for the World Cup rise to over $3,000 +++ The news blog.

Z.ai’s open source GLM5.2 model is now at par with available western models. It was trained completely on Hauwei’s chips

Chinese company Z.ai’s GLM5.2 model dropped a week back and it’s at par with the publicly available western models. The ceo says they will have Claude Mythos level model in a matter of months. Meanwhile Claude Mythos isn’t even available for most American companies at the moment. The real kicker is this frontier level model from China was completely trained on Huawei chips. A lot of people will cope here with “yeah they just distilled Claude”. To a certain extent looks like they did, atleast acc

‘Too late’: why some Malukans say a Dutch apology isn’t enough

A recent apology by the Dutch prime minister to the Netherlands’ Malukan community for systemic mistreatment by the state has met with mixed responses; some welcomed the remorse while others demanded concrete action over symbolic words. On June 21, Dutch Prime Minister Rob Jetten formally apologised to members of the 75,000-strong Malukan community for the state’s mistreatment of the first generation of Malukans who arrived in Europe 75 years ago from the Maluku Islands in Indonesia,...

Japan's top banks weigh how to raise dollars for promised US investments

Automotive industry: Porsche apparently wants to relocate Cayenne production to Leipzig

Porsche boss Leiters wants to ensure the long-term performance of the Leipzig plant and therefore have the Cayenne produced there in the future. But he formulates demands on the employees.

Prosperity debate: Krugman on the wrong track

US economist Paul Krugman says Europe is not lagging behind the US in terms of productivity. But he measures incorrectly.

Guest commentary: Europe is looking for growth – and overlooking Serbia

The Balkans offer the EU a good deal: staggered membership without costs and demands - Austria is the model, writes investor Jan Ruzicka.

Utilize the plant in Leipzig: Porsche wants to bring Cayenne production back to Germany

The sports car brand is undergoing major restructuring. The luxury SUV Cayenne will no longer roll off the assembly line in Bratislava, but in Leipzig. To achieve this, employees have to accept wage cuts.

Red-alert heatwaves are becoming Europe's new normal. Investors are paying attention

Temperature records were smashed across Europe this week, prompting several countries across the continent to issued high-level warnings about danger to life.

China's Zhipu is closing in on top U.S. AI models with Anthropic and OpenAI held back

Zhipu's GLM 5.2 shows the AI fight is shifting to who delivers the most intelligence per dollar, making open source suddenly a real contender.

Is the US trying to sway Taiwan’s KMT by receiving its legislative speaker?

A high-profile visit to Washington by Taiwanese Legislative Speaker Han Kuo-yu reflects a broader US effort to strengthen ties with the island’s main opposition Kuomintang (KMT), according to analysts. Han’s trip follows visits to the United States by Taichung mayor and KMT member Lu Shiow-yen in March and KMT chairwoman Cheng Li-wun earlier this month. The succession of arrivals suggested Washington was preparing for political uncertainty after Taiwan’s 2028 leadership election by cultivating..

The Billion-Dollar Debt Deals Exposing an Oil Giant

Last week, Angola's state oil company, Sociedade Nacional de Combustíveis de Angola (Sonangol), secured a $2.65-billion financing deal with a consortium of international banks to fund the company's operating expenses and capital investments. The financing was heavily backed by a syndicate of foreign lenders including Société Générale, First Abu Dhabi Bank, Standard Bank of South Africa and Absa, while local Angolan banks, including Banco Fomento de Angola (BFA), Banco Millennium Atlântico and Ba

SpaceX’s new bonds are flashing a warning sign, as investors pump the brakes on AI frenzy

Elon Musk’s company made a splash earlier this week with a $25 billion bond deal, less than two weeks after it raised tens of billions of dollars in cash.

NATO allies promised Trump they’d secure the Arctic; they’ve got work to do

Through most of NATO’s eight-decade history, the inhospitable High North was low priority. That calculus is now changing.

Trump threatens 100% tariff on countries that impose digital services tax

US President Donald Trump on Friday threatened a 100 per cent tax on imports from any country that imposes a tax on digital services from American companies. In a post on social media, Trump took aim at European countries that he said are discussing “imminent” implementation of taxes on US companies. The president has repeatedly sought to use tariffs as a way to deter such taxes, but many countries are looking for revenues as their economies increasingly operate in digital realms that are...

Hang Seng fell 1.82% Tuesday vs Shanghai's 1.37% as Fed hike odds approach 70%

The dollar index broke 101 and Hong Kong's USD peg imports that directly (HKMA base rate at 4.0%, HIBOR pressure), while the PBOC holds record low LPRs with an easing bias. Same China tech companies, two completely different rate environments. I was looking at my KWEB position and realized I'm basically only long the HK side. KWEB holds zero A shares. CQQQ uses a 25% inclusion factor. Neither gives you real exposure to mainland China tech. The A share names (CATL, Cambricon, Zhongji Innolight) g

Foreign trade: Trump threatens Europe with 100 percent tariffs because of digital taxes

The USA and the EU had actually agreed on a customs agreement. But President Trump is already threatening new taxes.

+++ US customs policy +++: Trump threatens European countries with 100 percent tariffs because of digital taxes

EU MPs agree to implementation of US customs deal +++ Court: USA may continue to raise global tariffs for the time being +++ USA reaffirms tariff caps for EU and Japan +++ The news blog.

Romania bolsters Black Sea fleet with Turkish-built corvette

The transfer marks the first delivery of a Turkish-built warship to a European Union and NATO member state, underscoring Turkey’s growing naval exports.

AI briefing: 66 percent more for Apple products! What this reveals about the AI ​​boom

US tech giants will invest up to $725 billion in AI infrastructure in 2026. And ex-AWS boss Selipsky explains why energy bottlenecks have direct consequences for us.

Interview: Earlybird founder: “Many customers would like to avoid SpaceX”

Venture capitalist Hendrik Brandis talks about the potential of European technology and which start-ups could reach trillion-dollar valuations.

Today: Can Europe stand up to SpaceX? OHB boss Marco Fuchs in an interview

The head of the Bremen space company OHB speaks in the podcast about the latest capital increase. Also: What the Supreme Court's glyphosate decision means for Bayer shares.

Sea route: Iran expects to raise $40 billion a year from Hormuz fees

Despite their agreement, the US and Iran apparently have different plans for the Hormuz Passage. Iran insists on control and plans to generate huge revenues.

Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit

European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq warned it could leave OPEC unless the producer group grants the country a higher production quota. According to Iraqi sources cited by Shafaq News, the discussions will focus on expanding cooperation across Iraq's oil, gas and electricity sectors. Planned talks include projects to capture associated gas, increase power generation, expand energy storage capacity a

Why is no one chartering China’s first privately owned research vessel?

The first scientific ship built by private interests in China is still waiting for its first assignment after it launched last month near Wenling, in Zhejiang province, on the east coast, according to Chinese media reports. The 82 metre-long (269-foot), 3,500-tonne Haiying Jiake research vessel was built with 150 million yuan (US$22 million) raised by 37 Zhejiang fishermen. It is designed to operate anywhere in the world’s oceans, including in thin sea ice, and support research ranging from...

Europe wants a new Plaza Accord for China – seriously?

Leaders of the G7 rich nations might have gone into this month’s summit in France hoping for a united front against China. But, overshadowed by the conflicts in Iran and Ukraine and alienated by a mercurial US President Donald Trump, the lacklustre gathering came up short. There was no public agreement on how to address the so-called China shock 2.0, the supposed overcapacity issues and currency manipulation that is considered to be the cause of Chinese exports flooding into Europe. Instead of..

850 employees affected: Upholstery giant Himolla files for protective shield insolvency

Himolla produces sofas, relaxation armchairs and entire living areas. Now one of the largest upholstered furniture factories in Europe is facing a tough renovation.

China Eastern buys 25 A330neo widebody jets as domestic interest rises in Airbus’ wings

China Eastern Airlines has ordered 25 A330neo widebody jets from Airbus, marking the planemaker’s first major long-haul order from a Chinese carrier since last year, as the nation continues to favour the European manufacturer. The list price of the 25 aircraft is about US$9.35 billion, but China Eastern said in a statement on Friday that it had obtained a “substantial price discount” from Airbus, making the actual cost significantly less than the catalogue price. The Shanghai-based carrier...