Finance news

Oil tanker: Russian shadow fleet? France stops oil tankers

France's navy has stopped an oil tanker coming from Russia near Sicily. President Macron sees the operation as a clear signal against circumventing sanctions.

Strike Averted as Norway Onshore Support Workers Agree New Terms

The Offshore Norge oil and gas association and the union Styrke agreed pay increases and other changes in the Supply Base Agreement, averting a planned strike by about 875 workers.

C24 terminates due to alleged business use

Now it's hit me too. So far I've been like many people here in the camp: "I went there 2.5 years ago, never had any problems". Everything was boring and worked. As it should be. Until the termination came out of the blue. The termination is justified by number 17 paragraph 1 General Terms and Conditions “Bank can terminate at any time”. Stupid, but of course I can't do anything. The curious thing is that the termination has nothing to do with suspected money laundering, but is based on business use, which is contractual

Output at Key Field in Kazakhstan Takes Hit from Attack on Russian Plant

Kazakhstan's giant Karachaganak oil and gas field cut crude production by more than a quarter after a drone attack forced the shutdown of a processing plant in Russia that handles its gas.

Hong Kong reports 36% rise in FDI inflows so far this year, InvestHK data shows

Hong Kong continued to draw US and European firms to expand their businesses in the city in the first half of this year, the latest data shows, adding new momentum to its superconnector role. A total of 413 companies either set up local entities or expanded their businesses in Hong Kong in the first six months of 2026, representing a year-on-year increase of 9 per cent, government investment promotion agency InvestHK said on Thursday. “[The firms] are expected to bring in over HK$53 billion...

Labor market in Germany: According to Ifo, companies want to cut more jobs despite the better mood

The Ifo index is rising, but job prospects remain bleak. Many companies want to cut staff despite economic prospects.

Obligation for manufacturers: What does the “right to repair” mean specifically?

Only a few devices are currently being repaired. That should change – with the “right to repair” that the Bundestag has decided on. The most important questions and answers.

Trump's Iran oil sanction waiver set to squeeze China's teapot refiners

GPT 5.6: US government could force OpenAI to pre-test new AI models

The Trump administration wants to prevent powerful AI systems from falling into the wrong hands. According to a report, OpenAI will also initially restrict access.

Why East Asia could be the new centre for peace and economic growth

At a time of worsening global security, East Asia could eclipse a Europe “no longer worth emulating” and become the benchmark for peace and economic growth, according to a prominent Chinese political scientist. Yan Xuetong, honorary president of the Institute of International Relations at Tsinghua University in Beijing, also said the widening rift between the United States and its European allies would elevate East Asia’s global standing. He told a media event in Beijing on Thursday that...

‘Imitation genius’: China influencer overcomes abusive dad to self-fund US education

A 19-year-old influencer in China has announced he has been admitted to top-tier Boston University, with tuition and living costs to be covered entirely by himself, as he has earned money through his online activities in recent years. Zhong Meimei, born Zhong Yusheng, shot to fame in May 2020 when he released his first batch of videos in which he mimicked female teachers at primary and middle schools, the National Business Daily (NBD) reported. His works quickly captivated internet users, who...

Situation of the farmers: The farmers need a different language

At the Farmers' Day, President Rukwied once again painted the picture of distressed agriculture. In general terms it falls short. The industry doesn’t talk enough about its future.

Oil slides 2% as markets look past fresh Iran tensions and focus on supply outlook

Oil extended declines on Friday, with markets focused any further breakthroughs in the Middle East conflict, while digesting a flurry of news from the region.

Oil Heads for Weekly Loss as Hormuz Tanker Traffic Rebounds

Crude oil prices were on course for a sharp weekly loss amid multiple reports about a strong rebound in tanker traffic in the Strait of Hormuz. At the time of writing, Brent crude was trading at $73.78 per barrel, and West Texas Intermediate was changing hands for $70.53, even after the news of an Iranian strike on a commercial vessel in Hormuz that, Tehran suggested, had used a route not approved by the Iranian authorities. The strike promoted a 2% reversal in oil price movement, but it was not

AfD: Thuringia's Interior Minister calls for AfD ban proceedings - "It's time to take concrete steps"

A report comes to the conclusion that the AfD is clearly unconstitutional. Several politicians are now in favor of legal action. Some in the Union don't think much of it.

Why having more foreign-trained doctors in Hong Kong won’t threaten local ones

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Allowing all doctors without permanent residency to work in Hong Kong will not threaten the careers of local practitioners, the health minister has said as he defended a proposal to revamp the medical registration regime. In an exclusive interview with the South China Morning Post,

The timing of the impending crude crisis

Brooks and Harris focus on the variable that actually moves prices in the Hormuz shock: how long the temporary buffers cushioning it can hold, rather than the size of the disruption, which markets already know. They put the exhaustion of the coordinated stock releases and the Russian and Iranian floating storage around July 9, after which the full supply shortfall starts feeding into Brent. It's worth reading against the current "America is four weeks from running out of oil" panic, because it p

Used car check: Good, but not cheap: The Audi A1 at the TÜV (since 2010)

Premium often has to do with prices: the little Ingolstadt one is not a bargain either. It would be nice if, as a used vehicle, there were few costs related to defects.

Vietnam accelerates biofuel push as oil risks rise and concerns mount

Hong Kong’s big economic dreams: what’s the reality and where do the poor fit in?

In the first of a two-part series on the economy as Hong Kong marks 29 years since its return to Chinese rule, Denise Tsang and Vivian Au look at efforts at transformation, including the city’s bet on the Northern Metropolis, and the challenges ahead. Molly Lam lives alone in a public housing flat in Tsuen Wan but fear is a constant companion as she worries about losing her job. The restaurant worker in her sixties has seen how her company is shrinking its operations amid an industry...

Obliged to remain silent: What doctors, lawyers and the like have to keep secret

Whether in the treatment room or during consultation: confidentiality protects sensitive information - with a few exceptions.

Will Dear You’s smash success push Singapore to ease dialect film policies?

Singaporean Hong Weilun was left disappointed after he failed to secure tickets for limited Teochew screenings of the Chinese film Dear You when they were released on Monday. “It is important to watch the original version because the mood, nuances and emotional weight of the film are best conveyed through the actors’ expressions, accents and subtle vocal cues,” Hong said. The 40-year-old, who is Teochew and had initially planned to travel to Malaysia to watch Dear You, may now get the chance to.

Handelsblatt car test: To Italy in 3.3 seconds – this is how the Ferrari Amalfi drives

There was great excitement about the all-electric Luce. Ferrari can still do classic things. The Amalfi catapults the Italian summer to Germany.

Is a third credit card worth it or does it do more harm to SCHUFA than it does?

I generally value the best possible SCHUFA, as I may also want to finance real estate in the next few years. I currently have two credit cards: Payback American Express and Amazon Visa. I used to also have the Klarna credit card and a credit card from easyBank, but I canceled them because I was afraid that too many credit cards would worsen my SCHUFA score. Now I'm thinking about whether a third card (e.g. because of travel benefits, cash

Chinese man changes locks on vacant flat, sells it to unsuspecting couple for US$103,000

A man in eastern China deceived long-time friends out of over 700,000 yuan (US$103,000) by changing the lock on a random vacant flat and posing as its owner to sell it to them. Sun, a Shanghai resident who previously owned two shops that went out of business, had a history of serving time for fraud, according to the mainland media outlet Xinmin Evening News. Following his release from prison in 2017, a married couple he had known for nearly three decades consistently provided him with meals,...

Hong Kong’s own drug regulator pushes ahead with hiring, seeks WHO recognition

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Hong Kong is on a global talent hunt for its own drug approval body which is expected to be launched by the fourth quarter of this year as the city bids to achieve its international biomedical hub ambitions, the city’s health minister has revealed. In an exclusive interview with...

The $7 Trillion AI Boom Is Running Out of Power

Forget the chips. Forget the code. The most expensive, in-demand commodity in the entire $3-trillion AI revolution is not a patented algorithm or a new Nvidia GPU. It's power. Specifically, a secure, high-voltage connection to the electrical grid that can deliver $100-500 million worth of juice to a new data center. Right now, the largest, richest companies on Earth—Google, Microsoft, Amazon—are in an unprecedented global land rush for energy. They are competing with small cities, massive manufa

ON Semiconductor strikes $7 billion deal for Synaptics in physical AI push

ON Semiconductor said the deal bumps up its total addressable market by $30 billion, to $243 billion by 2030.

Venezuela earthquakes draw aid from governments that cut ties with Caracas

Venezuela received offers of rescue teams and humanitarian aid from across the Americas on Thursday, including from right-wing governments that had broken off diplomatic relations with Caracas less than two years ago, after two earthquakes killed at least 188 people. The quakes, of magnitude 7.2 and 7.5 and 39 seconds apart, struck the north of the country on Wednesday evening and were the strongest to hit Venezuela in more than a century. Interim President Delcy Rodriguez declared a nationwide.

A world rejecting OPEC controls could usher in oil below $50 a barrel

Iraq’s hint that it could exit OPEC is yet another source of potential tumult for the global oil market in 2026.