Finance news

Because of AI: Microsoft is cutting several thousand jobs

Microsoft is using AI to cut jobs: 4,800 jobs will be lost. The Xbox video game division is particularly hard hit.

Today: Ukraine – Is Russia losing the war in Crimea?

After mutual attacks: This is the situation in the Ukraine war shortly before the NATO summit in Ankara. And: IPOs are weakening, but mergers and acquisitions are increasing.

Game console: Battery rules: EU exit for original Switch consoles in 2027

EU rules stipulate that batteries in various electronic devices can be replaced by users from mid-February 2027. Nintendo reacts.

US at 250: has Europe learned to survive Trump’s America?

In a public park a stone’s throw from the European Commission buildings in Brussels late last month, beer flowed, meat grilled and country music blared as revellers marked the 250th anniversary of the founding of the United States. The fallout from the event, however, provided signs – if they were needed – that all is not well in America’s relations with its erstwhile European allies. Just three of the EU’s 27 commissioners and none of its leaders showed up, while authorities were reportedly...

India's Power Demand Set to Grow 6% a Year Through 2030

Power demand in India is expected to rise by about 6% every year over the next four-five years, with growth supported by renewable energy capacity additions, brokerage Centrum Institutional Research said in a report on the Indian power sector. “Power demand is expected to grow at 6% pa as we expect renewable capacity additions to continue in the range 45-50 GW per year over next 4-5 years,” Indian media quoted the report as saying. During April and May, the first two months of the 2026/2027 fisc

Low-cost airline: Easyjet gives up resistance to takeover

Investor Castlelake is now offering £5.5 billion for the low-cost airline. He asserts that he wants to support Easyjet's future growth. An expert still expects society to be broken up.

Competition from China: Merz should do his own homework

Chancellor Friedrich Merz is using apparent global imbalances to unpack the instruments of torture against China in terms of trade policy. But the majority of the economic problems are home-made.

Wall Street: Strong bounce in AI stocks – concerns about meta are cooling off

Only one more day until SpaceX joins the Nasdaq 100. Metra reiterates its spending in artificial intelligence.

Deutsche Post: Why there are no letters in the mailbox on some days

Looking in the mailbox can be frustrating. The emptiness not only has to do with declining letter volumes - but also with a new delivery system at the post office.

Thales to buy French underwater-drone maker Exail in $4.5 billion deal

Industry champions in France and Italy move to consolidate their positions in a growing market for unmanned underwater naval equipment.

End of “pension at 63”: SPD politicians are calling for a multi-year transition period

SPD politicians do not want to end the “pension at 63” abruptly. They are pushing for transition periods of up to ten years. Experts urge speed.

Philippines’ impeachment showdown: why removing VP Sara could be uphill battle

Philippine Vice-President Sara Duterte-Carpio did not attend the opening of her impeachment trial on Monday, leaving her lawyers to fight charges that, if upheld, could remove her from office, permanently bar her from politics and reshape the 2028 presidential race. Legal experts told This Week in Asia they expected Duterte-Carpio to be difficult, though not impossible, to convict despite the gravity of the charges because prosecutors would need at least 16 senators – two-thirds of the chamber –

Indonesian woman fatally stabbed in central Japan flat

A 20-year-old Indonesian woman was stabbed to death in her flat in Hamamatsu, central Japan, police said on Monday as they investigate whether a man who was fatally hit by a train nearby was involved in the case. The woman, identified as Keiko Altaira Hanafi, was found stabbed and in a critical condition by a police officer at around 11.40am in the flat where she lived with her parents. She was later confirmed dead at a hospital. According to the police, a neighbour made an emergency call after.

Ukraine War: Thousands of kilometers behind the front – Ukrainian drones attack the largest oil refinery in Russia

Ukrainian drones reach the industrial area in Omsk, Siberia for the first time. There are reports of a fire at a refinery. How extensive is the damage?

Markets Insight: The SpaceX IPO creates new superlatives

Elon Musk's space company is climbing into important indices faster than any other company. But the next headlines could be negative, says Michael Maisch.

Uniper Secures Customer for Polish Solar Portfolio

Respect Energy signed a six-year agreement to buy 100 percent of the power generated, as well as guarantees of origin, from four Uniper photovoltaic projects with a combined capacity of 219 megawatts peak in Poland.

Coalition: Cuts in housing benefit – Cabinet approves draft

Construction Minister Verena Hubertz is changing the so-called housing benefit formula so that fewer households receive the aid. It will affect everyone who receives the state benefit.

How many young Europeans in their early 20s (20-24 y.o) invest in the stock market in your opinion?

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Toyota, Honda see China sales drop in 1st half as buyers shift to EVs

Japan's Aeon prioritizes Vietnam, targets tripling malls to 30

SpaceX President Gwynne Shotwell to donate stock to Trump Accounts

President Donald Trump told CNBC's Joe Kernen last week that he thought SpaceX CEO Elon Musk would donate company stock to the program.

Trump defends call urging Balogun red card review: 'It wasn't a foul'

"I didn't know what the hell a red card was," said Trump, who called FIFA President Gianni Infantino about the suspension of Folarin Balogun.

Budget passed: 118 billion euros in debt – and there will be much more

More income, higher debts, rising interest payments: The Federal Cabinet has approved the budget for 2027 and the financial plan until 2030. An overview in graphics.

Russian strikes kill 20, exposing Ukraine’s air-defense shortage

President Volodymyr Zelenskyy has repeatedly pleaded for more interceptors — the only weapon in its arsenal that can shoot down ballistic projectiles.

Controversial verdict: Two master companies to put a solar panel on the roof?

A ruling is causing a stir in the solar industry: Do you need master roofing and electrical contractors to install a solar system? There is debate about the meaning and possible consequences.

Cabinet: Cuts in housing benefit: Cabinet approves draft

Construction Minister Verena Hubertz has to save money. She does this with housing benefit. It will affect everyone who receives the state benefit.

Federal government: Klingbeil saves his budget with these seven tricks

The 2027 budget is ready. But the finance minister can only close the billion-dollar gap that was recently in the budget with tricks. The Handelsblatt names the controversial tricks.

Washington's Plan to Neutralize Iran’s Hormuz Leverage

For decades, Iran has relied on the Strait of Hormuz as its most effective geopolitical weapon -- a crucial energy chokepoint through which up to a third of the world’s oil is transported and about a fifth of its liquefied natural gas (LNG). Tehran’s immediate blockade of the transit route at the onset of the 28 February U.S./Israeli joint military operation against Iran prompted a cessation of maritime traffic through the chokepoint, catalysing a spike in oil prices of over 70%. The prospect of

Three-hour rule: Longer Sunday work for bakers: Union concerned

Getting bread rolls from the bakery on Sundays is a given for many people. But for bakers, Sunday business is complicated. That should change. The reactions are different.

Microsoft cuts 4,800 jobs, as Xbox unit downsizes and plans to spin off four gaming studios

Microsoft is cutting jobs in its commercial business and its Xbox gaming group, where revenue has been shrinking.