Finance news

How much do you spend on vacation per year as a family?

Sorry if I'm posting in the wrong group. I'm trying to keep our family finances under control, but since the birth of our child I've been reaching my limits. We are both engineers and earn relatively well, both have collective agreements. My wife has reduced her working hours and now works entirely from home, while I, as a manager, usually have to go to the office. She makes it a point to take annual vacations to get out of our neighborhood, which I do

OPEC Sees Sustained Oil Demand as Policy Prioritizes Energy Security

'The increased focus on energy security and energy affordability has shifted the energy policy landscape across the globe'.

Hormuz relief may not ease the economic toll that's already 'baked in,' analysts warn

Early signs of reopening of the Strait of Hormuz have lifted the most acute threat to global energy supplies but economic damages from the war will take months to unwind.

India Isn’t Rushing Back to Middle Eastern Oil Despite Hormuz Reopening

Indian refiners have enough crude to last them two months, so they will not be scrambling to buy Middle Eastern cargoes expected to be coming out through the reopened Strait of Hormuz anytime soon. According to a Bloomberg report, however, Middle Eastern producers have approached Indian buyers to start taking in volumes under long-term contracts. The buyers are not eager to do so, unnamed sources told the publication. The Indian government is yet to give the green light to Indian tankers setting

Nuclear Talks Delayed as Clashes Resume in Lebanon

The U.S. and Iran have postponed the start of their negotiations over a permanent peace deal and restricting the Islamic Republic's nuclear program.

ETF/General Investment vs. Savings Bank Retirement Provision

I recently had a conversation at the Sparkasse because they wanted to talk to me about retirement planning. I don't really plan on using the savings bank to invest, as they are known to want pretty wild percentages. I went anyway, and I immediately rejected the topics like actively managed funds for “only” 3.5% fees. Building savings contract doesn't really make sense either, so the only thing that remained was the topic of retirement provision. The "advisor" was at least transparent enough to say that the whole thing

Passive income: interest on a subscription – through bond ETFs with little risk

With term funds from two providers, investors can put together a bond portfolio with regular income. Exchange rate fluctuations hardly play a role.

Business ticker: US government investigates drug prices in Germany

Examination of whether Germany is paying too little for innovative pharmaceutical products +++ VW supervisory board member Susanne Wiegand quits +++ Apple is planning price increases for its products +++ News in the company's live blog.

House financing - building savers yes or no?

Hello everyone, I want to finance a house and need a loan of 370,000 euros. ​ First of all: I have little idea myself, so some advice would be helpful. ​ I have 2 financing offers from 2 different banks: ​ Annuity 4.16% eff. Interest, 2% repayment, installment approx. 1871 euros/month, remaining debt after 10 years fixed interest rate: 280,000 euros, special repayments not provided. Additionally, building savers: pay in 60k within 10 years, in return 90k at 1.67% interest as a final payment

Oil Prices Rebound as U.S.-Iran Peace Talks Are Postponed

Oil prices began to climb once again in early Asian trade on Friday due to uncertainty over the outcome of peace talks between the United States and Iran after Switzerland confirmed the talks had been postponed. At the time of writing, Brent crude had climbed back above $80 per barrel while West Texas Intermediate had risen to $76.28. Reuters reported on the statement, issued by the Swiss foreign ministry, without providing details. The statement followed earlier reports that said Vice President

South Korea World Cup fever masks looming broadcast turmoil

Hardware store: Hornbach makes more sales - higher costs weigh on profits

The Hornbach hardware store and building materials group started the new financial year with increased sales. The bottom line is that there is still less profit. Why is that?

US Federal Reserve: One sentence moves the stock markets: New Fed chief starts an era that hardly anyone expected

Kevin Warsh has spooked the markets with his clear commitment to less inflation. What investors and observers are now preparing for.

80 Million Barrels of Crude Are Lined Up to Exit the Strait of Hormuz

Tankers carrying a total of 80 million barrels of crude are preparing to move through the Strait of Hormuz after the signing of the preliminary deal between the United States and Iran, Bloomberg reported today, citing data from Vortexa. The crude is on 40 tankers, of which 21 will be heading for Asia, with five going to China as their final destination and five others bound for Malaysia and Singapore, key regional transshipment hubs. None of the tankers is carrying Iranian crude, Bloomberg also

Andy Burnham wins Makerfield by-election, opening path to challenging Prime Minister Keir Starmer

Andy Burnham won the Makerfield by-election, defeating Reform UK by more than 9,000 votes with nearly 55% of the vote.

Lincoln Memorial: The paint is already peeling off in Trump's newly renovated pool

Just a few weeks ago, the pool at the Lincoln Memorial was extensively renovated. But the first shortcomings are already becoming apparent. Color floats on the surface.

Pharmaceutical industry: US investigation into German drug prices – tariffs threaten

Drug prices are significantly higher in the USA. US Trade Representative Greer argues that Germany is not contributing enough to the development costs.

Nikkei and Kospi: Nikkei reaches fifth high in a row – chip values ​​in focus

Falling oil prices are boosting trade in Asia. Not only Japan's leading index reached a record, but also that in South Korea. However, the joy is short-lived.

US, Iran sign peace deal; China’s C919 jets grounded for safety checks: SCMP’s 7 highlights

We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Iran and US sign peace deal, Strait of Hormuz to immediately reopen: Pakistan Iran and the US have signed a peace deal that will take immediate effect, with Iran reopening the Strait of Hormuz and the US lifting its naval blockade,...

Morning Briefing Podcast: Iran: The Mullahs and Their Kill Switch for the Global Economy

The war is over, but its consequences for the economy are not. Oil and gas will remain scarce for months, if not years. And then there is Tehran's new miracle weapon.

Allegedly unfair prices: US investigation into German drug prices - tariffs threaten

US President Trump wants to take action against the horrendous prices for medicines in his country - including with his favorite trading tool. A new measure could be painful for Germany.

Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook

With immediate supply fears fading and tanker traffic returning to the Strait of Hormuz, traders are turning their attention back to oil demand and OPEC's outlook for the market.

Security gaps muddy waters for Malaysia’s blue economy ambitions

Foreign trawlers slip into waters off the Malaysian state of Terengganu under cover of darkness, local fishermen say, working near Pulau Redang and Pulau Bidong before leaving by dawn to avoid detection. The incursions have become a recurring problem for fishermen along the eastern coast of Peninsular Malaysia, where the South China Sea separates Malaysia from Vietnam by just hundreds of kilometres. Alias Yahya, who sits on the board of the Terengganu fishermen’s group Penentu, said members had.

+++ Ukraine War +++: Violent argument with EU Council President Costa because of his attempts to contact Russia

EU extends Russia sanctions by twelve months for the first time +++ Lavrov does not see a suitable negotiating partner in the EU +++ The news blog.

Raw materials: Rare earths from Brazil – is the USA on the right track with its billion-dollar investment?

The US takeover of the Serra Verde rare earth deposit is seen as one of the most important steps towards becoming more independent from China. But a bottleneck remains.

Trump claims Iran deal is 'unconditional surrender,' says his power has 'no limits': Axios

Trump said in an interview with Axios on Thursday evening stateside that he negotiated the deal to prevent the conflict from triggering a global depression.

Hong Kong property sales more measured as interest rate increase looms

Hong Kong homebuyers showed interest in 130 flats put on sale by developers on Thursday evening, but the pace of buying was more measured after an interest-rate increase later this year became more likely. Agents said 30 of the 75 units put on sale at Phase 4B of La Montagne at the Southside project at Wong Chuk Hang MTR station sold on Thursday. The two-bedroom units had saleable areas ranging from 484 to 546 sq ft, with prices starting at HK$13.4 million (US$1.7 million) after discounts. With.

South Korean police detain 12-year-olds in rare crackdown on young offenders

South Korean police have taken the rare step of placing three 12-year-old boys in juvenile facilities after they allegedly stole cars and drove without licences in two separate incidents within a week, underscoring growing concern over serious offences committed by children too young to face criminal prosecution. Police in Cheonan, a city about 90km south of Seoul, said on June 17 that the boys had been placed in juvenile protection facilities following a series of car thefts in May. “These...

China’s ‘soy sauce’ intestinal detox scam swindles over 100 seniors out of US$1.5 million

A Chinese health centre scammed more than 100 elderly people out of a total of over 10 million yuan (US$1.5 million) by putting soy sauce in an intestinal cleaning liquid to dupe them into thinking they had toxins in their bodies. The Beijing police have arrested more than 30 people involved on suspicion of fraud. They cracked the case after the family of a woman in her 60s discovered she had spent 700,000 yuan (US$104,000) in the health centre. The victim, surnamed Li, bought numerous expensive

At least 6 oil tankers sail through Hormuz following US-Iran deal