Finance news

Saudi Arabia Eyes Major Red Sea Pipeline Expansion to Bypass Hormuz

Saudi Arabia is looking beyond the Strait of Hormuz. The kingdom is considering expanding the capacity of its East-West crude pipeline by as much as 2 million barrels per day, according to Reuters. It’s a move that would allow more Saudi—and potentially neighboring Gulf—oil to reach global markets without passing through the world's most strategically vulnerable chokepoint. The discussions are still preliminary. After five months of war, tanker disruptions, and Iranian threats to commercial ship

Lending: Brothel affair puts heads of Volksbank Köln Bonn under pressure

Volksbank financed the sale of a property that houses one of the largest brothels in Europe. The board played a questionable role in granting the loan.

Vanguard is looking for a head of digital assets for first time. Successful candidate will "develop the multi-year digital assets roadmap" for the $10+ Trillion asset manager.

https://www.vanguardjobs.com/job/23565418/head-of-digital-assets-personal-wealth-dallas-tx/?source=Google_Jobs Head of Digital Assets, Personal Wealth The Head of Digital Assets will lead Vanguard Personal Wealth's digital assets strategy, roadmap, and enterprise execution. Defines how Vanguard will evaluate, prioritize, develop, and implement digital asset capabilities, products, and operating models in a way that advances Vanguard's mission, serves clients, and strengthens our long-term compet

5000 to invest

Hello, I have 5k I would like to invest. I live and work in Spain. Zero experience of investing. Tips/ apps welcome. Thanks . submitted by /u/Evening-Feature1153 [link] [comments]

Customers seeking refunds during cooling-off period will need to pay admin fee

Hong Kong customers seeking refunds under a proposed seven-day cooling-off period for prepaid beauty and fitness contracts will be required to pay an administrative fee to curb potential abuse of the mechanism, the government has said. Authorities last week launched a two-month public consultation on three major policy proposals aimed at strengthening consumer protection amid persistent complaints about unfair trade practices and high-pressure sales tactics. “We’ve proposed in our suggestions...

Unit-linked life insurance HDI buyback?

Hello everyone, I hope I can get some help here and shed some light on my situation. When I was born, before the turn of the millennium, my parents took out unit-linked life insurance for me. This old contract is currently with HDI Leben. Since the beginning, €25 (initially in DM) has been paid into the insurance every month. After several months of correspondence, many hours on hold and countless emails

Geopolitical Risk Returns as Drone Strikes Hit Hormuz Shipping

Drone strikes in the Strait of Hormuz lifted oil prices as geopolitical risks resurfaced, even as weak physical crude markets continue to weigh on sentiment. Saudi Arabia Slashes Its Way Back Into Asia - Saudi national oil company Saudi Aramco (TADAWUL:2222) has slashed its official selling prices for Asian-bound cargoes in August by a whopping $11 per barrel, almost double the expected cut. - Marking the first time since 2020 that Saudi barrels in Asia trade at discounts to regional benchmarks,

Controversial host: Erdogan stages Trump's participation in the NATO summit with pomp

Turkey hosting the NATO summit is controversial. Your head of state Erdogan gives US President Trump a brilliant reception. For critics, however, the outlook is bleak.

Eight NATO allies launch HALO satellite constellation initiative

The project aims to stitch together spacecraft managed by individual member countries into one mega-constellation, alliance officials said.

Ugandan Farmers Sue to Block $5 Billion East Africa Oil Pipeline

A group of Ugandan farmers on Tuesday filed a case in the UK High Court against the developer of a $5-billion oil pipeline in East Africa, seeking to stop the nearly completed project on environmental grounds. The $5 billion East African Crude Oil Pipeline (EACOP), which will transport crude from Uganda’s Albertine Graben to Tanzania’s Tanga port, is nearly completed, after years of delays and controversies surrounding the project. The development of EACOP is being led by French supermajor Total

BP Exits Bay du Nord Project offshore Canada

'The transaction is consistent with BP's continued focus on portfolio simplification and disciplined capital allocation'.

Japan should use nuclear power to break Mideast oil dependence: ex-PM Fukuda

Six Key Issues to Watch at NATO’s Ankara Summit

NATO leaders are meeting in the Turkish capital, Ankara, for the alliance’s annual summit on July 7-8 in the shadow of the Iran war and American complaints that not all European allies are pulling their weight when it comes to defense spending. The expectation is that US President Donald Trump will have harsh comments for several of his European counterparts as they meet for a dinner on the first day and then an expected three-hour session of the North Atlantic Council on the second and final da

Chinese ballistic missile test is said to undermine nuclear weapons-free zone in South Pacific

China has repeatedly called out the AUKUS nuclear submarine deal between Australia, the U.S. and the U.K. as violating the treaty.

India Could Return To Iranian Crude If U.S. Extends Sanctions Waiver

Indian state-held refiners are considering buying Iranian crude oil if the United States extends the waiver on Iran’s oil sales beyond August or further eases restrictions on that trade. As part of the 14-point memorandum of understanding with Iran, the United States in mid-June authorized the production, delivery, and sale of crude oil, petrochemical products, and refined oil products of Iranian origin through August 21, 2026. The temporary U.S. waiver has opened the door for Iranian oil sales

North America Finally Snaps Rig Count Addition Streak

North America's rig count stayed flat week on week, according to Baker Hughes' latest North America rotary rig count.

+++ Iran War +++: Another ship shot at in the Strait of Hormuz

LNG tanker threatens to explode +++ Germany increases aid for Yad Vashem fivefold +++ Wadephul warns in Israel about weakening of the Palestinian Authority +++ The news blog.

Shell Expects Gas Trading Results to Exceed Q1

Shell expects trading results for its Integrated Gas segment to be 'significantly higher' for the second quarter compared to the prior three-month period.

German Stockpiling Agency Says It's Refilling Strategic Reserve

Germany's oil stockpiling agency EBV is looking to refill strategic reserves of diesel.

TKMS wins submarine contract: This is how TKMS secured the superlative submarine deal

Twelve 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.

BörsenTag: Along with TKMS, these submarine shares are interesting for investors

The German arms company TKMS is building up to twelve submarines for Canada. The stock is expensive. But there are cheap alternatives.

UAE Pumps 3.8 Million Bpd, Defying OPEC+ Quotas

The United Arab Emirates raised ‌its crude output to near record highs above 3.8 million barrels per day in June, after the Gulf nation quit OPEC to escape production caps, Reuters reported citing two sources familiar with production data said on Monday. Bloomberg data showed even higher UAE exports, rising to 3.94mmb/d, just shy of the record hit in late 2025. June's output was the highest since April 2020, according to Reuters estimates, exceeding levels seen before the Iran war and providing

Counterfeit money: How you can recognize counterfeit money

With just a few tricks you can easily identify counterfeit money. An overview of what you should pay attention to when it comes to banknotes - and when you might be committing a crime.

Germany Plans $1.7 Billion Strategic Natural Gas Reserve

Germany is moving to create a state-owned strategic emergency reserve of natural gas to boost its energy security, the Economy Ministry of Europe’s biggest economy said on Tuesday. Earlier today, Reuters reported that the strategic government-owned reserve would require up to $1.7 billion (1.5 billion euros) to build the reserve and buy the gas to inject into the storage in 2027 and 2028. The emergency gas reserve would hold volumes of gas equivalent to nearly 10% of all the gas storage capacity

Over for the presidency?: Court sentences Le Pen to one year in prison with an ankle bracelet

A guilty verdict just a few months before the presidential election: For France's right-wing nationalist Marine Le Pen, this is a defeat, but not necessarily the end of a dream. How come?

How can I give my mother €2000 per month with as few taxes as possible?

First of all: I have an appointment with a tax advisor in 2 weeks, but I wanted to do some research beforehand and ask you, dear financial experts. Context: I earn quite well (currently around €15K net per month) and it also looks like my job is pretty secure. I have fixed costs of around €4K per month and I invest the rest in ETFs or treat myself to something for my hobbies. Now I would like to give my mother (58) €2K every month so that she no longer has to work. She is currently

Housing construction: Less risks for builders: Hubig finalizes draft law for easier construction

The draft for building type E is intended to make construction faster and cheaper. Justice Minister Hubig specifies her plans with Construction Minister Hubertz. The industry presents alarming figures.

Less bureaucracy: EU makes business trips to other European countries easier

After years of negotiations, the European Union is lowering the hurdles for posting workers. An A1 certificate is no longer necessary for short trips.

ADNOC Signs 15-Year LNG Supply Deal With Japan’s Inpex

Abu Dhabi’s national oil company ADNOC on Tuesday signed a 15-year long-term deal to supply gas from the UAE’s Ruwais LNG project to Japanese firm Inpex starting from 2028. Under the deal, Inpex, Japan’s largest exploration and production company, will receive 1 million tonnes per annum (mtpa) of liquefied natural gas from the Ruwais LNG project, currently under development in Al Ruwais Industrial City in Abu Dhabi. The agreement “further strengthens the longstanding relationship between INPEX a

LNG Made Up 45 Percent of EU Gas Imports in 2025

LNG's share of annual European Union gas imports increased by nine percentage points to about 4.63 trillion cubic feet, 'deepening the structural shift in the EU's gas supply mix', the European Commission said.