Finance news

South Korean prosecutors indict four major refiners over allegations of oil price collusion

South Korean prosecutors on Monday indicted four major domestic oil refiners for violating fair trade laws.

Before the election: The reorganization of power in France

Business representatives are struggling to find out who will be in charge in Paris in the future. Conversations with Le Pen & Co. have become normal - but not agreements.

Dax current: Dax breaks record again – chip stocks in the red

After recent strong trading days, the mood on the German stock market remains good. Economic figures could have a positive impact. The record hunt continues.

Just a week after spin-off plan, Comcast says it will buy British broadcaster

Just a week after Comcast announced a plan to spin off NBCUniversal, the Philadelphia media-and-broadband conglomerate said it’s buying a British broadcaster.

Tankers Cross Hormuz Near Oman

Oil and gas shipping along a U.S.-protected corridor in the Strait of Hormuz showed signs of recovering, after a batch of vessels performed unexplained U-turns and detours in the vital energy corridor.

Technology: How AI is changing banks – these are the eight most important questions and answers

Profit driver, job killer, security risk: Handelsblatt spoke to managers and experts about the greatest opportunities and risks of AI. One statement in particular is surprising.

Economic situation: German industry received more orders than expected in May

The industry surprisingly recorded more orders in May. The positive development is primarily due to vehicle construction.

Order situation: German industry received more orders than expected in May

After the setback in April, incoming orders picked up again in May. But the upswing has a catch: it is primarily triggered by large orders worth billions.

China’s EV deliveries remain stuck in downward spiral, exacerbating industry worries

China’s electric vehicle (EV) deliveries in June failed to match their year-on-year numbers for the sixth month in a row, even as carmakers offered promotions to attract budget-conscious consumers, exacerbating worries about Chinese EV firms’ profitability. A total of 1.04 million pure electric and plug-in hybrid cars were handed to customers in mainland China last month, down 7 per cent from the same period in 2025, preliminary data from the China Passenger Car Association showed. During the...

Xi’s corruption crackdown by the numbers

China’s campaign against corruption, which the country’s leaders have linked to the Communist Party’s ability to stay in power, has been President Xi Jinping’s signature policy since he rose to power in 2012. More than a decade on, it continues apace. The South China Morning Post takes a multimedia deep dive into the cases of top officials, known as “tigers”, brought down between 2013 and 2025 to see what those investigations tell us about the anti-corruption campaign. SCMP Plus subscribers...

Pakistan Buys Second Spot LNG Cargo as Supply Crunch Persists

Pakistan has bought its second spot market LNG cargo in as many weeks, in a sign that flows of liquefied gas out of the Persian Gulf have been slow to recover. According to Bloomberg, the country bought the cargo from TotalEnergies at a price of $17.37 per million British thermal units, to be delivered between July 10 and 11. The price is also higher than what Pakistan LNG Ltd. bought last week from BP: that cargo was priced at $16.74 per mmBtu, a premium of some $1 over the Asian spot market av

Dual citizen (DE/BR), living in Brazil, wants a German account for modeling assignments - secondary residence with relatives = tax trap?

I'm writing this on behalf of my cousin. Initial situation: My cousin was born in Brazil, mother Brazilian, father German - dual citizenship DE/BR. The center of life, residence and job are entirely in Brazil. In Germany she is staying with relatives and therefore does not have her own apartment here. She now wants to open a German account - partly because she has been offered her first paid modeling jobs from agencies. Initial research suggests: that's what you need

Exail: Thales reaches out to underwater drone specialists

The shares of the drone company Exail have increased sixfold in recent years. Now a large arms company from France is taking over the specialist.

Why China’s technical schools offer both hope and despair for jobless college grads

China’s technical schools offer hope to desperate university graduates who cannot find a job – but for many, the reality falls short of the promise. As China’s university graduates face mounting pressure in the job market, a growing number are turning to an unconventional lifeline: vocational training schools. The phenomenon, known as “returning to the furnace”, involves degree-holders enrolling in technical programmes to acquire practical, employable skills. The trend is gaining measurable...

Crowds fill Tehran as funeral procession begins for Iran’s slain supreme leader Khamenei

The funeral procession for Iran’s late supreme leader Ali Khamenei began in Tehran on Monday, state television reported, as authorities prepared for crowds that could rival those that turned out for his predecessor nearly four decades ago. The ceremonies offer Iran an opportunity to project resilience after war with the United States and Israel, while attention remains focused on Khamenei’s successor, his son Mojtaba Khamenei, who has not appeared in public since taking power. After lying in...

Lousy tricks: shock call and grandchild trick: stay calm and hang up

The phone rings, a relative is in need and now only money can help? And quickly! Shock calls like this happen all the time - this is how you don't fall for them.

Teen hospitalised after stabbing at Malaysian secondary school

A 15-year-old student was stabbed multiple times at a secondary school in Malaysia on Monday, in an attack that sent students fleeing and prompted a police investigation. The victim was stabbed in the back and shoulder and is being treated in hospital. Police said the alleged attacker, also 15, had been absent from the school in Banting for several months while undergoing medical treatment. Kuala Langat district police chief Superintendent Mohd Akmalrizal Radzi confirmed the incident had taken..

At least 5 injured in crash between bus and luggage trailer at Hong Kong airport

At least five people have been injured in a collision between a bus and a luggage trailer at Hong Kong International Airport. A police spokesman said officers received a report at 8.56am on Monday that a passenger vehicle and a trailer had collided on the airport’s south apron, injuring five people on the bus. “All five were mildly injured and remained conscious. They have been sent to North Lantau Hospital,” the spokesman said, adding that police were investigating the incident. Among those...

Specialty chemicals: Ex-Honeywell division is apparently planning a billion-dollar merger

According to a report, Solstice Advanced Materials is negotiating a merger with competitor Element Solutions. This would create a new industry giant.

Frugal, childless Chinese couple who split US$2.5 meals leave US$735,000 to sick children

A late childless couple in China donated five million yuan (US$735,000) to help 455 children with congenital heart disease, despite living an extremely frugal life themselves. The couple’s story was revealed at a charity exhibition late last month in Shanghai, according to the news website The Paper. Du Yingrong passed away in 2018 at the age of 81, while his wife, Lu Suying, died last year at the age of 92. Before their deaths, Du was a retired teacher, and Lu was a retired doctor from the same

Historic trial begins: Impeachment trial against Philippine Vice President

Allegations such as embezzlement and threats against the president: The impeachment proceedings against Sara Duterte are dividing the Philippines - and could have far-reaching consequences for 2028.

Interview: Foreign Minister Wadephul brings Iran payments for demining into play and questions the annual NATO summit

How much influence does Germany still have in a world of crises? Shortly before the NATO summit, Germany's chief diplomat speaks about Trump, war, diplomacy - and a German dream.

Temporary positions: More than one in two people oppose planned job limitations

The coalition wants to expand fixed-term employment contracts. In a survey, more than half of those surveyed spoke out against the move.

China's sea patrols and lawfare tighten 'all fronts' squeeze on Taiwan

Young Japanese sacrifice today to invest for tomorrow

China's leading chatbots to ditch AI personas as Beijing tightens rules

Australia and Fiji sign defense pact to counter China influence

China's Q2 growth set to slow on weak domestic demand: Nikkei survey

Close call as tree branch hits Hong Kong double-decker bus, smashing window

Passengers on a Hong Kong bus have escaped unharmed after a tree branch struck the upper deck, shattering a side window. Police said they received a report at about 8am on Monday that a KMB route 277E bus hit an overhanging tree while travelling in the left lane of Ching Hiu Road in Sheung Shui, outside the Glorious Peak residential development. No injuries were reported. Images circulating online showed a large hole where a side window had shattered, with the adjacent pane cracked but still in.

World Cup 2026: Did Trump influence Infantino? Astonishment at FIFA's U-turn on ban for US goalscorer

Did the US President call the FIFA boss to secure a place for the suspended Balogun in the round of 16? There is suspicion. Not only opponents Belgium are horrified.