Finance news

◇ unclassifiedchina · asia

Hong Kong yuan facility to expand 150% to US$73.6 billion to meet international demand

Hong Kong will substantially increase its yuan facilities for banks from this Friday, while the city will also introduce a new electronic fixed income and currency (FIC) trading system as part of its latest efforts to promote yuan trading, according to local market regulators on Tuesday. Hong Kong Monetary Authority (HKMA) would increase the quota of its RMB Business Facility for banks by 1.5 times to 500 billion yuan (US$73.6 billion) from this Friday, according to its chief executive Eddie Yue

China submarine fires long-range missile ahead of Nato summit

Nato chief Mark Rutte said the alliance “cannot be naive” about China’s military build-up, after the nation conducted its first known launch of a strategic missile from a nuclear submarine. “What happens in the Indo-Pacific is relevant to what is happening in the transatlantic,” Rutte told a news conference on Monday, ahead of the military alliance’s annual summit in Ankara, Turkey. The Indo-Pacific and European theatres were becoming “more intertwined”, as was also shown by China’s support for.

Traveling in danger: Forest fire at your holiday destination: You have these rights

If there are flames blazing nearby and the smell of smoke hangs in the air, rest is out of the question. What do holidaymakers need to know in view of the spreading forest fires in southern European countries?

Oil market: Adnoc buys South African Shell gas station network

The Abu Dhabi-based company is taking over Shell's South African oil business for $1 billion. This means the company continues to grow abroad.

◇ unclassifiedchina · asia · usa

To boost manufacturing, India need not choose between Japan and China

Last week, Japanese Prime Minister Sanae Takaichi led a business delegation to New Delhi for the 16th India-Japan annual summit. During last year’s summit in Tokyo, Takaichi’s predecessor, Shigeru Ishiba, and Indian Prime Minister Narendra Modi outlined the Japan-India Joint Vision for the next decade – during which period India may see up to 10 trillion yen (US$62 billion) in investment from Japan. Some of Japan’s most notable investments in India have been in the financial sector. Japanese...

Lars Feld: Let’s prepare for higher interest rates for longer-term federal bonds

In total, Federal Finance Minister Lars Klingbeil will take out around 840 billion euros in additional loans from 2026 to 2030. This is a remarkable dynamic. A guest post.

Communication technology: Operation Funk: How Europe wants to become more independent of the USA when it comes to military radio

European armies lack a common communications system. Supported by industrial partners, they are working on particularly powerful and safe technology.

Armament: USA is probably talking to Germany about missile production in Europe

At the NATO summit in Ankara, the USA and Europe will talk about their cooperation in the defense alliance. According to a report, this is also about a rocket factory in Europe.

Social◇ unclassifiedeurope · usa

28M greece

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4d07/07⚠ war-conflict · 3/5

Google backs nuclear fusion startup targeting Europe’s first commercial power plant

Proxima Fusion has raised $468 million as it looks to move towards commercializing the promising but infamously difficult technical challenge of nuclear fusion.

◇ unclassifiedusa · europe

Power generation: Proxima Fusion achieves record financing

The Munich start-up secured 411 million euros. With a valuation of 2.4 billion euros, it is now the highest valued merger company in Europe.

Car manufacturer: Toyota is moving truck production from Mexico to the USA

Trump's punitive tariffs are having an impact. Toyota is planning a new plant in Texas for $3.6 billion. The backgrounds.

Prien wants to save: What should change when it comes to parental allowance

The Family Ministry wants to save 500 million euros a year on parental allowance. The draft law is still in departmental coordination. What changes could come now.

4d07/07⚠ war-conflict · 3/5

Canada picks Germany’s TKMS for historic submarine buy, in nod to Europe

The firm had offered its Type 212CD submarine which is being built for both Germany and Norway, beating a competing bid from South Korea's Hanwha Ocean.

◇ unclassifiedusa · europe · germany

Robots are taking over the factories: the humanoids are here. But what can they really do?

Europe's industry relies on humanoid robots. Millions of them are expected to be in use by 2030. But can technology deliver on its promises?

TKMS wins submarine deal: With this strategy, TKMS secured the superlative submarine deal

12 submarines, more than 37 billion euros: TKMS wins the largest arms deal in the company's history shortly before the NATO summit. But crucial details are still open.

Neurodivergence: Adapted but Exhausted: What's Behind Masking

Neurodivergent people, such as those with autism or ADHD, often develop adaptive strategies to meet expectations. This can provide relief in the short term, but can be exhausting in the long run. What helps?

4d07/07⚠ war-conflict · 3/5

Top meetings in times of crisis: What to expect from the NATO summit

Is Donald Trump holding a grudge? Has the NATO Secretary General quietly smoothed things over over the Iran war? Can Europe appear confidently at the NATO summit? There will be answers in Ankara.

◇ unclassifiedgermany · europe · iran

Comment: Trump is not the colossus he wants to be – and Europe is learning to use that

The Europeans have long ensnared the US president and pacified him with billions. But before the summit in Ankara it is clear: this appeasement policy has failed.

Guest Commentary: Europe will run out of ammunition in a war if we don't act

The previous military strategy of quality over quantity is no longer enough, say General Eric Autellet, security expert Wolfgang Ischinger and JEDI President André Loesekrug-Pietri.

Business ticker: Samsung posts next record profit

Toyota is moving truck production from Mexico to the USA for $3.6 billion +++ Microsoft is cutting several thousand jobs because of AI +++ TKMS apparently receives a mega submarine order from Canada +++ News in the company live blog.

◇ unclassifiedgermany · europe · korea

Tech company: Samsung posts next record profit

The tech group expects an operating profit of more than 51 billion euros for the second quarter. The result is now the third record in a row.

4d07/06

Car manufacturer: Toyota is relocating truck production from Mexico to the USA for $3.6 billion

The new plant will open on an existing production site in San Antonio. US President Trump had previously repeatedly put Toyota under pressure.

4d07/06⚠ war-conflict · 2/5

Norway urges China to help bring Russia to Ukraine peace talks

Norway wants China to use its ⁠ties to the Russian ⁠leadership to help bring about ⁠a negotiated settlement to the war in Ukraine, also for the sake of better relations with Europe, Norwegian Prime Minister Jonas Gahr Stoere said on Monday. “China is probably the country with the ‌best and most direct access to the Russian leadership. We expect, hope and strongly urge China to use that channel,” he told reporters after meeting Chinese Foreign Minister Wang Yi in Oslo. The biggest chunk of their.

◇ unclassifiedchina · asia · germany

4d07/06

Canada picks German firm for new submarine fleet, South Korean competitor loses out

In a closely watched outcome, Canada on Monday chose a major German defence contractor over its South Korean competitor to build a US multibillion-dollar fleet of submarines, as mid-tier nations increasingly work together in the face of a less reliable United States. Canadian Prime Minister Mark Carney said that Ottawa chose Thyssenkrupp Marine Systems (TKMS)’s package over Hanwha Ocean Company’s. The move is expected to strengthen ties between Canada and Nato, which is holding a two-day summit.

4d07/06

France’s Macron in Syria on first post-Assad visit by a Western leader

French President Emmanuel Macron arrived in Damascus on Monday for the first visit by a Western European head of state since Syria’s new authorities took power. President Ahmed al-Sharaa has been rebooting Syria’s international credentials and seeking to revive his struggling country after toppling long-time ruler Bashar al-Assad in December 2024. “I have come to reaffirm France’s commitment to the Syrian people. To a sovereign Syria, united in its diversity and at peace with its neighbours,”...

4d07/06⚠ war-conflict · 3/5

Military: Netherlands announces armaments projects worth more than three billion euros

Defense projects include partnerships with Belgium on air defense and with Britain on naval vessels. Joint projects with Germany are also planned.

4d07/06⚠ war-conflict · 3/5

Integrity of World Cup is questioned as Trump, Fifa defend Balogun suspension actions

With the integrity of Fifa and the World Cup under attack from European football leaders, Fifa President Gianni Infantino acknowledged taking a call from US President Donald Trump before US forward Folarin Balogun was cleared to play against Belgium later on Monday. Balogun was issued a red card in the US match against Bosnia-Herzegovina last week, resulting in a suspension for the Belgium contest. Trump called Infantino after the match with Bosnia to plead his case to overturn the call and Fifa