Finance news

Turkey takes center stage as NATO summit host

India's sugar industry likely to exit exports and exist for ethanol

Right-wing populism: Companies warn of threats to democracy in Germany

A new study shows how difficult the economy is having a time with the AfD. Many entrepreneurs are concerned about the party's strength. Some people ask: “How long will a boundary last?”

Top meetings in times of crisis: NATO summit with Trump: What is at stake in Ankara

What future does NATO have? A clear answer is expected to be given in the Turkish capital Ankara this week. The question, however, is whether the most powerful man in the world will play along.

Beyond the obvious: Could AI lead to the Piketty scenario?

The capital share of national income has fluctuated between 20 and 40 percent for 200 years. AI could change that, as Nobel Prize winner Acemoglu fears. A guest post.

War in the Middle East: Who won the Iran war?

The USA, Israel and Iran claim to have achieved their most important goals in the war. A look at military, political and economic consequences paints a more contradictory picture.

Lockheed Martin leading race for $3.5 billion purchase of naval defense firm Ultra Maritime

Ultra is owned by private equity firm Advent International, and specialises in anti-submarine technology.

24-year-old killed by lightning on clear day in Singapore

A 24-year-old man has died after he was reportedly struck by lightning in Singapore. The man was among a group of eight people, aged between 13 and 54, who were taken to hospital on Sunday afternoon, the police said on Monday. The police said they had received a call for help on Sunday at about 4.50pm from 131 Pasir Ris Road, just off Pasir Ris Beach. The incident reportedly involved a lightning strike. Two people were taken to KK Women’s and Children’s Hospital, while the other six were taken..

+++ Football World Cup 2026 +++: England triumphs in epic duel with Mexico – Henderson injured while celebrating

Belgium “astonished” by the lifting of the ban against US striker Balogun – Association checks options+++ Double pack Haaland: Norway shoots Brazil out – Neymar resigns+++ The news blog.

+++ Soccer World Cup 2026 +++: Top US striker is allowed to play – Trump apparently called Infantino because of the ban

After the World Cup exit: Brazil's Neymar resigns from the national team +++ Norway in the quarter-finals: Haaland throws Brazil out +++ Belgium “astonished” by Balogun's lifted ban +++ The news blog.

Australia, Fiji sign mutual defence pact to boost Pacific security

Australia signed a new defence alliance with Fiji on Monday, bolstering ties with its South Pacific island neighbour as it seeks to outmanoeuvre China in the region. The Ocean of Peace alliance elevates Fiji to one of Australia’s few treaty allies and binds each nation to come to the other’s “mutual defence”. China sent waves through the region in 2022 when it signed a secretive security pact with the Solomon Islands, stoking fears it could one day lead to a permanent military...

Labor market study: Transport industry is looking for tens of thousands of new bus and train drivers

Tens of thousands of bus and train drivers will retire in the coming years. Filling the gaps is a huge effort for the transport industry. She also hopes for autonomous buses.

Finance: Cabinet wants to get the budget underway - that's what it's all about

More money, especially for defense, higher debt and tax increases. This shapes the federal government’s draft for the 2027 budget.

55 Hong Kong students from 13 schools score perfect IB marks

At least 55 students from 13 Hong Kong schools have achieved top marks in the International Baccalaureate (IB) programme, with one private independent institution reporting nine perfect scorers, its best result on record. With results released on Monday, Victoria Shanghai Academy said nine students attained the maximum 45 points, while another eight scored 44. The school’s average score was 39. Private independent Po Leung Kuk Choi Kai Yau School recorded six top scorers, alongside eight...

Killed head of state: Funeral procession with Khamenei's body passes through Tehran

Around four months after his killing, Iran's head of state Ayatollah Ali Khamenei is to be buried with a major event. Is his son and successor appearing in public for the first time?

+++ Ukraine War +++: Rocket attack on Kiev – residents are stuck in the building

Russia flies new air strikes on Ukraine +++ Trump meets Zelenskyj on Wednesday on the sidelines of the NATO summit +++ Putin and Zelenskyj congratulate the USA on its anniversary +++ The news blog.

Credit card fraud: Public prosecutor indicts ex-Unzer boss and Wirecard manager

“Operation Chargeback” is one of the largest criminal proceedings in Germany: a network is said to have defrauded millions of credit card holders. Lawyers for several of the accused reject the allegations.

How a Japanese prefecture is managing rising bear population with microchips

A prefecture in western Japan is drawing attention for a unique bear management programme that uses microchips implanted in captured animals to estimate population levels and guide culling decisions, as rising sightings across the country fuel calls for more effective countermeasures. Hyogo prefecture says it is the first in Japan to use information gathered from microchipped bears to determine an appropriate population size and maintain a balance between conservation and population control. The

HDE consumption barometer: The mood is calming down – but the economy is not picking up

Consumers initially brushed off the Iran war. But what remains are the high prices at gas stations and growing concerns about unemployment.

Energy: Reiche breaks agreement with Schneider - and helps water down the methane regulation to the majority

The economics minister has promised Germany's vote for the suspension of the EU regulation - although she was probably not allowed to do so. The question is whether oil and gas will otherwise run out.

Education chief argues students must master technology, not be disconnected from it

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 students should not be barred from using technology and electronic devices simply because they do not know how to use them responsibly, the city’s education minister has said, arguing that the next generation must learn to navigate the digital era. Secretary for Education

Trend district 2026: “It wasn’t worth waiting” – that’s how critical the situation on the Cologne real estate market is

There is a shortage of more apartments in the cathedral city than in almost any other metropolis. In some parts of the city there are opportunities for buyers despite high prices.

Shared children with your ex?: Child support is missing: This is what those affected can do

If the ex doesn't pay maintenance payments for their children, those affected are often in a fix. To what extent the youth welfare office can provide help - and what steps are still possible.

Innovations: Germany is falling further behind in the patent race

An IW study shows: In future fields such as AI and armaments, the location is in danger of being left behind by other countries. And almost a third of German patents are in foreign hands.

Can you afford it?: Do you have to support yourself? Why career choices are now less free

Anyone who is obliged to support minor children cannot simply cut back on their career. Why this is the case and what other special features those affected should know.

Space travel: Chinese probe reaches asteroid Kamo'oalewa

First the moon, then Mars – now China has its sights set on an asteroid. After a good year of flight, the “Tianwen 2” probe has reached its destination. Samples should now be taken.

Questions from labor law: Boss wants a change to the contract: Do I have to sign?

The employer demands more tasks or less salary? Why you should never simply accept a contract change - and when there is a risk of termination.

A Trump visit to Hong Kong would be a strategic masterstroke

If one word could capture the essence of Hong Kong, it would be resilience. Just two years ago, much of the international community had written off Hong Kong. A widely circulated newspaper commentary carried the headline: “It pains me to say Hong Kong is over”. Though the writer later changed his opinion, the piece captured the pessimism about the city’s future as a global hub. Hong Kong’s dramatic comeback is well documented. According to Boston Consulting Group, the city has overtaken...

China restaurant sparks debate after selling simple tomato scrambled egg dish for US$75

A Shanghai restaurant has captured attention on mainland Chinese social media for launching a special dish of stir-fried tomato and scrambled eggs at an exorbitant price of 520 yuan (US$75), triggering a heated discussion. The dish itself is among the most common, affordable household food items in the country, containing ordinary ingredients – tomatoes and eggs. But the dish served at Jinlong Dabianlu Restaurant in Hongkou district in downtown Shanghai is sold at 520 yuan, dozens of times more.

South Korean won holds steady as historic 24-hour trading begins

The South Korean won was stable against the dollar after inching higher as the currency began its first day of 24-hour trading, marking a milestone in Seoul’s push to open its financial markets to global investors. The won eased 0.1 per cent to 1,531.40 against the US dollar, after rising as much as 0.2 per cent when it started trading at 6am. Other major currency pairs were little changed. The launch of 24-hour trading is the centrepiece of a years-long effort to improve foreign access to local