Finance news

Iran War: Vance: Iran doesn't get a single American dollar

After the announcement of a framework agreement between the USA and Iran, many important details remain open. US Vice President Vance now comments on a sensitive point.

AWV reporting obligation for transfers between own accounts?

I hope this still fits somewhat into the finance section, maybe someone here knows this. Actually, I have only had accounts in Switzerland for years. However, as life circumstances dictate that and the focus of my life will increasingly shift to Germany over the years, after a long time I now have a checking account again at a bank based in Germany. Since I didn't want to start with a completely empty account, ha

Is Beijing planning to make more drones overseas for Middle Eastern buyers?

One of China’s largest defence contractors displayed a model of a drone assembly line at a leading international defence exhibition, hinting that the firm is planning to make more of the weapons overseas. The state-run North Industries Group Corporation (Norinco) displayed the model during this year’s Eurosatory, one of the world’s largest exhibitions of army weaponry, which is being held in Paris this week. The miniature depicted the manufacture of several Norinco drones, such as the BZK-005E..

USA: Fox buys Roku for $22 billion – share price collapses

The Murdoch family's television company is driving consolidation in the US media industry. It is the second deal in a short period of time, which is also likely to be of political importance.

Ron Baron bought $1 billion of SpaceX shares in IPO, lifting stake to $25 billion

"I think we're gonna make hundreds of billions of dollars," Baron said Monday on CNBC's "Squawk Box."

China credit data shows sluggish demand, more household deleveraging amid weak investment

Beijing’s long-standing efforts to reinvigorate the domestic economy continue to face headwinds, as the latest credit data points to persistently sluggish consumption and weak investment across China, with the tech sector standing out as a lone bright spot amid the central government’s push for innovation to reduce external reliance. New bank loans totalled 520 billion yuan (US$77 billion) in May, according to People’s Bank of China data released on Friday. The figure trailed the 620 billion...

As short-sellers circle the yen, a repeat of 1997 Asian crisis looms

Japan is falling into a trap in defending its currency against the US dollar, like Thailand in 1996. Japan’s large forex reserves make the yen a juicy target, rather than deterring currency predators. Its fundamentals are weak and deteriorating, making the yen’s further decline inevitable. Japan can’t raise interest rates aggressively to defend its currency due to its high national debt. It could fall into an inflation-devaluation spiral, greatly profiting yen short-sellers. The yen is trading..

Expensive Art: How Google's AI Identified a Painting

Helene Plotkin bought a painting for $100. Then an AI took a closer look. It was sold at an auction in Scotland for around 220,000 euros.

Moving from a €10k/year Bank Mandate to a Self-Managed ETF Portfolio – Feedback on Allocation?

Hi all, I’m looking to move our family portfolio away from a discretionary bank mandate into a self-managed ETF portfolio. The main drivers are high costs (currently running above €10k annually) and underperformance from the active management. Our horizon is long-term wealth generation (even past retirement, as we will receive state pensions), with some optionality for future life events like the kids' university or housing. The EUR figures below are just for scale, but the percentages are the r

France picks MBDA-Safran combo to supply multiple rocket launcher

Paris snubbed competing offers from Thales and ArianeGroup, as well as from U.S. defense giant Lockheed Martin and South Korea's Hanwha Aerospace.

Top meeting: G7 summit starts with a signal of hope

The Iran war has divided the United States and its European allies. The agreement in the Middle East could now bring relaxation to transatlantic relations.

Car loan or not?

Surprisingly, I unfortunately have to change my job and give up my company car. My mistake was not paying more into my current account. I currently have 6,000 euros in cash and 100,000 euros in various ETFs. I now have to buy a car for my new job. Since I need a station wagon and want to maintain a certain standard of living, a cheap car with good equipment would be important to me, within the range of 13,000 to 15,000 euros. (You're welcome to come here too

USA: Fox buys Roku for $22 billion

The television company buys the platform and thus drives consolidation in the US media industry. The Murdoch Group is fully committed to sports and streaming.

Digital sovereignty: “Europe is the last open flank”

The USA has banned foreign routers, China has never opened its market to foreign providers. Only Europe is watching. Four European router manufacturers now want to change that.

Armaments industry: Renk is building its first tank - unmanned military equipment should be ready for series production in 2027

The tank transmission specialist teams up with the Finnish defense company Patria. At the Eurosatory arms trade fair in Paris, the companies are presenting an unmanned tank.

Top meeting on Lake Geneva: G7 summit starts with a signal of hope

The Iran war has divided the United States and its European allies. The agreement on a framework agreement could now bring about a significant easing of tensions in transatlantic relations.

Markets: Iran agreement supports Dax – but 25,000 points remain a hurdle

There is relief on the markets about the agreement between the USA and Iran. Oil prices are falling and the stock markets in Japan and South Korea are rising sharply.

Current oil price: Oil prices fall significantly after the USA-Iran agreement

The agreement between the USA and Iran causes oil prices to fall significantly. Brent falls to 83 dollars, WTI to a good 80 dollars per barrel. Latest news in the oil price news blog.

China ‘Wheel Queen’: from tractor driver to owner of US$1.6 billion manufacturing empire

Chen Ailian, who has been dubbed as China’s Wheel Queen with a net worth of 11 billion yuan (US$1.6 billion), has trended on mainland social media as an encouraging role model. Four decades ago, she defied gender stereotypes by driving a tractor. As her enterprise in the east of the country grew into a success, Chen rewarded her key employees with 100 BMW cars, the news portal Sina.com reported. The Zhejiang-based Wanfeng Auto Holding Group, founded by Chen, is the global No 1 manufacturer of...

“Forbes” list: These are the most powerful women in the world

For the fourth year in a row, Ursula von der Leyen is at the top of Forbes' ranking of the most powerful women in the world. But something is happening in the top ten.

Bitcoin price current: Bitcoin jumps over $66,000 after Middle East framework agreement

The Bitcoin price rose significantly after the Iran agreement. The cryptocurrency is continuing its recovery of the past few days. Latest news from today in the Bitcoin news blog.

Elon Musk makes sky-high trillion-dollar forecast for SpaceX revenue

Elon Musk has a history of setting bold targets and then failing to achieve them . His latest forecasts for SpaceX revenue are more than double what his bankers expected.

Eurostat: Industry in the euro area increases production minimally

Industrial production is stagnating, and not just in Germany. Other countries in Europe suffer even more from energy prices. So far, government spending is still slowing down development.

Defense: Corporations and investors are showing interest in the German defense start-up Arx Robotics

As the Handelsblatt learned exclusively, traditional corporations and financial investors are among those interested. Up to one billion euros are said to have been offered for the start-up.

China’s first C919s get critical ‘C-checks’ as European regulators watch

Three years after its maiden commercial flight as China’s flagship civilian airliner, the C919 is entering a pivotal maintenance phase, with jets across the series being progressively grounded for rigorous inspections. The results of these safety-focused “C-checks” are expected to play a role in convincing European aviation regulators of the aircraft’s long-term airworthiness. State-owned carrier China Southern Airlines finished the first C-check of its C919 fleet at the end of May. The process.

Carbon emissions of ECB and Eurosystem portfolios continue to decline

Antropic Fable 5: US ban on AI software worries German digital industry

The industry association Bitkom warns about the blocking of Anthropic's AI. The process shows how dependent Germany and Europe are on the USA for access to powerful AI models.

Artificial intelligence: US ban on AI software triggers concerns in the digital industry

Bitkom warns: The blocking of US AI software shows how dependent Germany and Europe are on the USA for access to powerful AI models.

Space travel: OHB announces share placement and partial exit of KKR

The satellite company is planning a capital increase of around 500 million euros for the expected space boom. The Fuchs family and investor KKR are waiving their subscription rights.

Compact class: With this model, Leapmotor competes against the VW ID.3

Next please: Leapmotor is entering the battle of the compact class with its B05. In addition to self-confidence, the Chinese have a trump card up their sleeve in the fight for European customers.