Finance news

High gas prices soak up more retail-sales dollars — and restaurants are paying the bill

Americans are spending more on gas and eating out less, a sign of stress on the economy tied to the conflict with Iran that’s forced consumers to shift more dollars to needs instead of wants.

Space travel: Ariane 6 rocket flies into space with more powerful boosters

The European rocket Ariane 6 is becoming even more powerful: a new booster gives the rocket more thrust. It's going into space for the first time.

Car prices and purchases

I hope I'm in the right place with this question. ​ And I'll soon be finishing my master's degree and will have a job starting in October where I'll get 3.3k net. Of this, €1,000 should go towards my retirement provision, €800 for any large purchases and the rest as fixed costs. ​ I'm currently driving my father's old car that I was given as a gift. But this one is slowly giving up the ghost. Now the question arises about a new car. However, I'm not a fan of financing (

Poland weighs joining X-BAT autonomous vertical-takeoff fighter program

The announcement comes as the Polish government is mulling plans to acquire up to 32 new fighter jets.

ECB: Iran Peace Deal Won't Erase Europe's Energy Price Shock

Europe will have to contend with the energy price shock for months despite the tentative U.S.-Iran agreement to end the war and reopen the Strait of Hormuz, European Central Bank (ECB) officials said this week. The ECB last week raised key interest rates for the euro area for the first time since 2023 as the Middle East conflict hiked energy prices that have started to feed into core inflation. The ECB raised the key interest rate by 25 basis points to 2.25%, its first hike since 2023. Eurozone

Fewer dollars and fuzzier standards: inside the push to weaken Washington’s toughest financial watchdog

The SEC used to intimidate corporate wrongdoers. Now its own commissioners are gutting its leverage.

Only 98 euros left in your wallet: mostly cashless and mobile – this is how Germany pays

submitted by /u/Marsman6 [link] [comments]

Semiconductors: This US company could make Europe independent of chip deliveries from overseas

With a completely European supply chain, Globalfoundries positions itself as an alternative to companies from China and the USA. A new EU law is likely to further increase demand.

Eurozone: Energy price shock pushes inflation rate in the Eurozone to 3.2 percent

Despite the ECB raising interest rates, inflation in the euro area continues to rise. The main driver is the sharp rise in energy prices.

Inflation: Energy price shock drives inflation rate in the euro area to 3.2 percent

The European Central Bank is warning of continued price pressure and signaling further interest rate hikes to prevent inflation from spreading to other areas.

G-7 summit: AI should be tamed – and more European

The French president has invited the heads of several AI companies to the G-7 summit. It's a first - and an attempt to catch up.

Ineos and Daimler Truck enlist in auto defense push as Europe bolsters military spending

The partnership is one of a spate of auto-defense collaborations announced in recent weeks.

BMW issues a big profit warning it once again blames on China. The automaker is plotting a major strategy shift

BMW was the worst performing major European stock on Wednesday after the luxury-car maker lowered its profit outlook, citing a downturn in China as well as the impact from the Middle East war.

Dominika Langenmayr: SPD leader Bärbel Bas's tax promise is a mistake

The Minister of Labor wants to reduce the income tax burden on every citizen by 500 euros. This is unrealistic for several reasons. A guest post.

Markets: Dax investors nervous before Fed decision

The Dax starts weaker. Investors are waiting for the first interest rate decision under the new Fed chief, while rising inflation is slowing in the US and the euro zone.

Size matters: KNDS pitches long-barreled artillery for 60-kilometer base range

The 155mm howitzer is equipped with a girthy 58 caliber gun tube, about 12% longer than the 52 caliber barrels common in Europe.

Ark Invest: Cathie Wood has already made more than $270 million in profits from SpaceX

The tech investor subscribed to shares in the space company on a large scale during the IPO. The investment has already paid off – and its analysts see even further potential.

Business ticker: Crisis in China and Iran war: BMW cuts forecast significantly

AI agent Copilot Cowork now costs per application +++ New billing method at Microsoft +++ SpaceX wants to buy AI start-up for 60 billion dollars +++ News in the company's live blog.

Markets: DAX expected to be lower – Fed decision in sight

The Dax is likely to start weaker. Investors are waiting for the first interest rate decision under the new Fed chief, while rising inflation is slowing in the US and the euro zone.

Banks: NLB increases its offer to 37 euros in the bidding war for Addiko Bank

In the bidding war for Addiko Bank, the Austrians beat the competition. With the majority of the shares, the reorganization of the business in Southeastern Europe is getting closer.

Digitalization: Germany and France define digital sovereignty criteria

Cloud, AI, data infrastructure – Germany and France want to reduce critical dependencies on digital technologies. With the criteria they give the European Union the direction.

Dependency and overregulation: Europe needs the tech turnaround

The US government's decision to suspend access to Fable 5 and Mythos 5 clearly demonstrates to many Europeans our dependence on top foreign AI models.

Blackmail: Cybercriminals apparently demand $25 million after attack on Novo Nordisk

According to their own statements, the hackers were active in the Danish pharmaceutical company's networks for more than two months. The authorities are involved.

Guest commentary: China's ambassador: Europe needs cooperation instead of isolation

Brussels fails to recognize how much both regions benefit from each other, says Deng Hongbo, Chinese ambassador to Germany. Europe is only harming itself with protectionism.

China debate reaches boiling point as EU weighs tougher stance

European leaders are converging on a tougher view of Beijing, but concrete action remains elusive

Top meeting in Évian: Five lessons from the G7 summit

The Iran war has divided the USA and the Europeans. The hope for peace now brings them together again. And that offers opportunities for resolving another conflict.

Digital sovereignty: Germany and France define digital sovereignty criteria

Cloud, AI, data infrastructure: Germany and France are defining stricter criteria for digital sovereignty. And we want to set the direction for the European Union.

Latin America and Europe are bystanders in the US-China AI race, says Lula’s top adviser

The race for artificial intelligence has hardened into a two-power contest between the United States and China, fought over rare earths, data and the rules governing the technology, with Latin America and Europe sidelined, Brazil’s top foreign policy adviser said on Tuesday. Celso Amorim, a former foreign and defence minister, made the case at the Forte de Copacabana International Security Conference in Rio de Janeiro, an annual forum run by the Brazilian Centre for International Relations with.

Europe is gearing up for a trade fight with China. But will it change anything?

As trade tensions between Beijing and Brussels continue to rise, China’s firms in the European Union have been forced to walk a delicate tightrope: expanding their presence in the lucrative market while grappling with heightened regulatory hurdles and rapid geopolitical shifts. In the second part of this three-part series, we look at whether China and the EU are heading for a full-blown trade conflict. Last week, Beijing gathered more than a dozen Chinese companies in Berlin for a forum with a..

ASICS boosts elite tennis gear with European R&D hub