Finance news

Medal Row Highlights Tricky Relations Between Kyiv And Warsaw As EU Talks Begin

An intensifying row over the return of a medal bestowed upon Ukrainian President Volodymyr Zelenskyy has highlighted the complicated history between Poland and Ukraine and the potential for Warsaw to impede Kyiv's push to join the European Union. submitted by /u/RFERL_ReadsReddit [link] [comments]

Digital Euro: New currency for Europe clears important hurdle – banks fear competition

The European Parliament's Economic Committee votes in favor of introducing a digital euro. The ECB wants to supplement cash from 2029 – and break the power of US companies.

Digital Euro: EU Parliament launches digital currency

The European Parliament's important economic committee votes in favor of introducing a digital euro. The project thus clears a crucial hurdle.

Europe’s Battery Storage Installations Set to Quadruple by 2030

further accelerate through 2030 as utility-scale projects lead growth, the SolarPower Europe association said in a new report on Tuesday. Last year, the European battery storage market saw 36 gigawatt-hours (GWh) of new installations, up by 48% from 2024, when growth had slowed. Installations rebounded strongly in 2025, and are set to continue accelerating. This year, annual installations are expected to top 50 GWh, SolarPower Europe said. The annual pace of new additions is then projected to ju

Sabine Mauderer: “Germany has a chance to catch up with a smart energy strategy”

The Vice President of the German Bundesbank is calling for more speed in the energy transition. Otherwise, dependence on fossil fuels would become a location risk for Germany and Europe.

China’s trading crackdown seen boosting Hong Kong as official capital hub

China’s crackdown on cross-border securities trading could strengthen – rather than diminish – Hong Kong’s financial role, according to economists, as Beijing steers more capital through official channels and reinforces the city’s status as an offshore yuan hub. “I would argue that these moves make the importance of Hong Kong even bigger,” Diana Choyleva, founder and chief economist at Enodo Economics, said on Tuesday at the World Economic Forum’s annual “Summer Davos” meeting. Referring to...

Comment: Explosive China contacts will be a test for Minister Bär

The incident at the Helmholtz Center for Information Security reveals a German problem. Without clear safety rules, the research nation is at risk of further decline.

Rare earths: This Hanau-based company aims to make the USA more independent of China

The vacuum melt goes to a US raw materials company for almost two billion dollars. With the knowledge from Hesse, the Americans want to be less dependent on Beijing.

Anxious West seeks to rewrite global trade rules to counter China

At the recent Brussels summit, the leaders of all 27 European Union states called on the European Commission to expand the bloc’s trade defence toolbox against “global macroeconomic imbalances”, widely understood to refer to China’s so-called overcapacity. Measures under discussion include mechanisms for sector-wide tariffs and other restrictions in industries such as chemicals and green technology. Europe, long a critic of Washington’s Section 301 tariffs, is now considering instruments that...

‘A historic day’: European Parliament backs digital euro

Supporters say scheme is crucial to reduce Europe's dependence on US payment providers

Energy: Germany moves to fourth place globally in solar expansion

Compared to southern Europe, Germany is not too sunny. But when it comes to expanding solar energy, the Federal Republic is ahead of the countries of southern Europe and is also one of the world's leading groups.

Commodity market: Deutsche Bank cuts gold forecast sharply

At the beginning of the year, the price of gold set a record of $5,595. Now the fear of rising interest rates is weighing on the prospects for the precious metal.

[Spain] Is worth the revolut 3.51% TAE interest-bearing account

The other day, I saw that Revolut is having a that promotion on their interest-bearing account, up until 25.000€ and until October (After that it would go down to a 2.27% TAE). I have a mortgage with an interest rate that is below the 2.5% and the interest-bearing account on Openbank is giving me a 1.50% (TIN, although I doubt there's difference with the TAE here, but that's why I'm asking here, lol). My emergency fund is less than 25k, my actual liquidity is slightly over that number, and I hav

Indonesia hails China’s backing for panda bond amid investor concerns over rules

Indonesia’s efforts to woo back Chinese investors may be gaining traction after Finance Minister Purbaya Yudhi Sadewa returned from Beijing with a multibillion-dollar funding commitment and political backing for the Southeast Asian country’s debut yuan-denominated sovereign bond. Whether the bilateral talks translate into lasting investor confidence in Indonesia’s economic fundamentals remains to be seen, as global companies continue to weigh Jakarta’s shifting rules, challenging budget outlook.

Five-digit sums: Expensive: Many Germans give away returns on checking accounts

More than 10,000 euros in your checking account? This is a reality for one in eight adults - despite the lack of interest and inflation. How savers can better develop the potential of their assets.

Iran Moves to Tap Key Asian Markets as U.S. Waives Oil Sanctions

Iran is pitching its oil to Asian buyers outside China, contacting India, South Korea, and Japan, as the United States issued a temporary two-month waiver allowing Iranian oil sales, including in U.S. dollars, until August 21. As part of the 14-point memorandum of understanding with Iran, the United States on Sunday authorized the production, delivery, and sale of crude oil, petrochemical products, and refined oil products of Iranian origin through August 21, 2026. Representatives of the Nationa

Eurozone downturn slows as US-Iran tensions cool

Improvement in business activity comes amid 'encouraging' easing of inflationary pressures

Hong Kong’s Cathay Pacific to cut fuel surcharges again as costs ease

Hong Kong flag carrier Cathay Pacific Airways will lower fuel surcharges on most passenger flights for the second time in less than two months, with the revised rates taking effect from July 1 as fuel costs ease from highs triggered by the Middle East war. Under the new rates announced on Tuesday, passengers departing from Hong Kong on long-haul flights to destinations in North America, Europe, the Middle East, Africa and the Southwest Pacific will pay HK$1,164 (US$148.48) per sector, down 14.5.

Artificial intelligence: Ex-AWS boss Selipsky: “Today, energy is the big bottleneck”

Adam Selipsky is considered one of the most prominent experts in building data centers. His view on the topic of energy, Europe's opportunities in the AI ​​sector and Elon Musk's vision.

Hungary: Government in Budapest approves legislative package for frozen EU funds

The EU is currently holding back around 20 billion euros. In order for them to be released, Hungary must meet a number of conditions. The legislative package should be the initial basis for this.

Uzbekistan Woos More Western Gas Investors

Uzbekistan is stepping up efforts to bring major European and U.S. energy companies into its natural gas sector, after last month securing investment from BP.

Economic situation: According to a survey, the German economy shrank more in June than in 1.5 years

According to the Purchasing Managers Index, the German economy continued to shrink in June. According to experts, this increases the likelihood of another recessionary phase. The Eurozone is looking slightly better.

Europe is spending billions to rearm, so why the delays?

European countries have been trying to scale up their military capabilities, but their current defense production and procurement model is not fit for purpose, say experts.

Europe's defense ambitions get reality check

European countries have been trying to scale up and integrate their military capabilities, but their current defense production and procurement model is not fit for purpose, say experts.

How Europe is grappling with extreme heat as red alerts issued in Britain, France, Spain and Italy

Several European countries issued red weather alerts as a fresh bout of extreme heat pushed temperatures beyond 40 degrees Celsius (104 degrees Fahrenheit).

Fiber optic: What does a building contractor want with the Berlin network operator Eurofiber?

First Vattenfall got out, then the financial investors - now Eurofiber has a new owner: a Westphalian building contractor. What he expects from the deal.

Eurobike: Bicycle trade fair is fighting for survival

The number of exhibitors has halved, associations are withdrawing: Eurobike is shrinking and will focus more on the specialist audience in the future. But the new competition is already in the starting blocks.

+++ Iran War +++: Iran does not want to let IAEA inspectors into damaged nuclear facilities

Iranian President travels to Pakistan for negotiations +++ Trump criticizes European NATO partners before Rutte's visit +++ Iran: Strait of Hormuz under control +++ The news blog.

European startup to make defense drones in Japan, export across Asia

Europe’s EV Boom Accelerates as Chinese Brands Gain Ground

Electric vehicle sales, increasingly featuring Chinese vehicles, led an overall increase in car sales in Europe last month, with gasoline and diesel cars booking declines amid higher prices at the pump. Car registrations, as reported by the European Automobile Manufacturers’ Association, gained 3.6% in May, with the sales increase over the first five months of the year at 4.5%, Reuters reported. Earlier figures, released by E-Mobility and New Automotive, showed a strong, 34% annual increase in E