Finance news

Finance: Tax on spirits should rise by 20 percent

High-proof alcoholic drinks will soon become more expensive - due to a surcharge in taxes. This should not only help to rehabilitate the budget.

Trump rings Wall Street opening bells and says the stock market ‘is going to go through the roof’

Trump used the occasion to promote the launch of “Trump accounts,” which are special investment accounts for children under age 18.

Business ticker: Microsoft is cutting several thousand jobs

The reason is the increased use of AI +++ TKMS apparently receives a mega submarine order from Canada +++ Porsche is probably cutting another 4,000 jobs +++ News in the company live blog.

◇ unclassifiedgermany · europe · norway

+++ Football World Cup 2026 +++: Trump confirms conversation with FIFA boss about red card for US striker

Klopp rages against Trump and Infantino +++ Confusion over Senegal return +++ Wayne Rooney has to row after Norway announcement +++ The World Cup blog.

Video games: Microsoft is cutting thousands of jobs in the Xbox games business

Microsoft wanted to strengthen its Xbox business with the $69 billion purchase of Activision Blizzard, but the division is still struggling with problems. A “reset” should help.

◇ unclassifiedgermany · europe · usa

NATO summit in Ankara: NATO chief: US allies invest four percent

US President Trump insists that European NATO partners take more responsibility - and spend more money on defense. The Secretary General of the Alliance gives a number for the summit.

Savings program: Porsche works council can significantly reduce job losses

The sports car manufacturer is saving and cutting jobs, especially in administration and development. In negotiations with the board, the works council has now achieved a reduction in the planned job cuts.

◇ unclassifiedgermany · europe · uk

Defense: Strong Europe, arms industry, Ukraine: These topics determine the NATO summit

Shortly before the NATO summit, the US President once again accused the Europeans of a lack of commitment. Those who were scolded want to prove Trump wrong in Ankara.

8d07/06⚠ war-conflict · 3/5

Fear of an Oil Glut May Be Overblown, Top Consultancy Says

Up to 75% of the previous oil flows through the Strait of Hormuz are expected to return to the market by the end of the year, but significantly lower oil prices aren’t guaranteed for 2027 as the ongoing U.S.-Iran tensions are unlikely to be resolved for good soon, Fereidun Fesharaki, chairman emeritus of FGE NexantECA, told CNBC on Monday. Before the Iran war, the consultancy FGE NexantECA expected oil prices to be in the upper $50s low $60s per barrel next year. This could still be the case in

◇ unclassifiedmiddle-east · russia · usa

TeraWulf’s stock surges after a $19 billion deal with Anthropic

The deal “validates” the crypto-mining company’s pivot to supporting the AI buildout, its CEO said.

◇ unclassifiedmiddle-east · usa · uk

BP, JERA Raise Stake in 2 Belgian Offshore Wind Farms

JERA Nex bp, the 50:50 offshore wind joint venture of Japan's JERA and Britain's BP, completed the purchase of Sumitomo's stakes in two Belgian offshore wind facilities with a combined capacity of 384 megawatts.

NATO tensions are ‘growing pains,’ U.S. ambassador says as Trump presses allies

U.S. Ambassador to NATO Matthew Whitaker said NATO's allies boosting defense spending under pressure from Trump reflects “growing pains,” not a crisis.

Modernize heating: Bundestag decision on the heating law could be postponed

The coalition wants to fundamentally reform the heating law. However, a lawsuit from the left could thwart the schedule.

Video games: Microsoft is cutting thousands of jobs in the Xbox games business

Microsoft wanted to strengthen its Xbox business with the $69 billion purchase of Activision Blizzard, but the division is still struggling with problems. A “reset” should help.

◇ unclassifiedgermany · europe · russia

+++ Ukraine War +++: 2,400 kilometers behind the front – Ukrainian drones attack oil refinery in Siberia

Zelenskyj calls for NATO decisions after missile attack +++ Russia carries out massive air strikes on Ukraine +++ Utility reports power outages in Crimea +++ The news blog.

‘The money would have been life-changing’: My father told my grandmother to slash my inheritance. Is that fair?

“I could have bought a home for what I hope will be a growing family.”

◇ unclassifiedgermany · europe · australia

Former Economics Minister: Robert Habeck becomes a consultant at an investment company

Former Vice Chancellor Habeck is drawn to the private sector. From August he will support the urban development investor Urban Partners as a senior advisor.

◇ unclassifiedusa · europe

Pentagon launches ‘War Force’ campaign in push for software engineers

The Defense Department describes it as part of an overall strategy to automate and improve government technology.

Social◇ unclassifiedgermany · europe

Has the 1-click tax return worked for anyone?

I first noticed today that the app only works with mobile data. Then opened it and it says "Calculation not possible. Unfortunately, we cannot create a proposal for you. There is no data yet with which we can fill out your tax return automatically." Did it work for anyone? submitted by /u/Ishouldbeyourslave [link] [comments]

◇ unclassifiedchina · asia · usa

Hong Kong cancels red rainstorm signal after hour as suspected waterspout spotted

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. The Hong Kong Observatory issued a red rainstorm warning for an hour on Monday night, while a suspected waterspout was spotted off Cheung Chau. The red signal – the middle level in a three-tier system – was issued at 9.45pm but was cancelled at 10.45pm. An amber warning had been issued...

Federal budget: Cabinet launches budget – why there is a lot of criticism

More money, especially for defense, higher debts – and cuts in the climate fund. This shapes the federal government’s draft for the 2027 budget.

Armament: German TKMS probably receives mega submarine order from Canada

The contract to build twelve submarines for Canada has apparently gone to the German manufacturer TKMS, as German government circles confirm. The stock is rising significantly.

Defense industry: TKMS apparently receives mega submarine order

According to a media report, Thyssenkrupp's marine division TKMS has secured a major submarine order from Canada. The stock reacted promptly.

◇ unclassifiedusa · europe

Turkey and European NATO allies draw closer, but tensions remain: Experts

Turkey is “well-positioned to contribute” to NATO on several fronts, one analyst told Breaking Defense, but others noted distinct geopolitical sticking points.

Volkswagen: For VW boss Oliver Blume it is the week of truth

VW boss Oliver Blume is struggling with austerity plans, internal resistance and political pressure. How he wants to get the company back on track.