Finance news

Quantum computing: Quantum technology threatens to repeat “what we already see with AI”

US President Donald Trump wants to help quantum computers achieve a breakthrough with government support. German start-ups like Planqc and EleQtron are demanding a response from Europe.

Hong Kong must brace for AI bubble risk and quantum computer threat: HKMA chief

Hong Kong must brace for the emerging risks of an artificial intelligence (AI) bubble bursting and quantum computers capable of hacking encrypted financial systems, the head of the city’s de facto central bank has warned. Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), also said on Sunday that the banking regulator would focus on expanding the internationalisation of the yuan in the next few years. Yue cautioned that the current euphoria surrounding the AI sector..

Doctor given 9‑month ban for misconduct in case that left boy disabled for life

A Hong Kong paediatrician has been removed from the General Register for nine months after being found guilty of professional misconduct by the medical watchdog over an incident that left a boy permanently disabled more than 16 years ago. In a verdict on Sunday, Dr Sit Sou-chi was convicted of failing to carry out all necessary and immediate investigations on newborn Li Yuanjian, the son of a mainland Chinese couple, after the infant suffered a seizure on December 22, 2009, at Baptist...

Vance hopes Burnham delivers ‘structural change’ amid ‘broken’ UK politics

US Vice-President J.D. Vance said Britain had been “failed by its ⁠leadership for a long ⁠time”, adding that he hoped the country’s ⁠next prime minister could deliver the structural change voters were seeking after years of political turmoil. In an interview with the Sunday Times newspaper, Vance said frequent changes of government pointed to deeper problems in British politics. Prime Minister Keir Starmer announced last month he ‌would step down after two years in office, paving the way for...

Chinese foreign minister Wang Yi calls on Sweden to help rebuild trust

Chinese Foreign Minister Wang Yi has urged Sweden to help rebuild trust between the two countries and cultivate a “correct perception” of each other, despite their frictions in recent years. “Sweden was the first Western country that established diplomatic relations with China, which showed Sweden’s independence and strategic foresight while setting an example globally,” Wang told Prime Minister Ulf Kristersson in Stockholm on Saturday, according to the Chinese foreign ministry. “Although...

+++ Football World Cup 2026 +++: Mbappé scores – France stops DFB scare Paraguay

Co-favorite Morocco in the World Cup quarter-finals - Canada out World Cup thriller - Argentina needs extra time against Cape Verd +++ Premiere win in the penalty drama - Egypt in the round of 16 +++ The news blog.

Domestic politics: After AfD party conference: Pistorius does not want to give AfD any secret information

The SPD Defense Minister points to the party's proximity to Russia. In the current Sunday question, the AfD remains clearly the strongest force.

Domestic politics: Pistorius does not want to give the AfD any secret information - party conference in Erfurt ends

The defense minister points to the party's proximity to Russia. The second day of the party conference will focus primarily on internal questions about party work.

+++ Federal policy +++: Pistorius wants to enlist “less than 1,000” soldiers to serve in Lithuania

Pistorius - No secret information to AfD because of proximity to Putin +++ Greens criticize the federal government's budget +++ SPD general - "The alternative would be a waiting day" +++ The news blog.

How much does the world cost?: How Vinted turns your distrust into money

Vinted now sells more clothes than Amazon in some European countries. At one point they were almost bankrupt! How did they do that? And will fraud and abuse scandals still break their necks?

+++ Ukraine War +++: After talks with Putin and Zelensky, Trump offers mediation in the Ukraine war

Zelenskyj contradicts claim about capture of Kostiantynivka +++ Putin and Zelenskyj congratulate USA on Independence Day +++ Ukraine attacks Russian oil facilities +++ The news blog.

Minefields, stalled talks keep Strait of Hormuz in strategic limbo

The future of energy exports through the Strait of Hormuz hangs in the balance after negotiations between Iran and the United States in Doha this week ended without an agreement on releasing frozen funds to the Islamic Republic. With Tehran also failing to begin demining the strait, and still threatening to attack ships attempting to leave the Gulf without its permission, neither side has yet met the two key obligations under their June 17 memorandum of understanding (MOU) to freeze the conflict

Independence Day: “Destined to lead the world”: Trump speech and huge fireworks display for the USA’s 250th anniversary

The celebration of the 250th anniversary of independence dragged on until late into the night due to a severe weather warning. Before the big fireworks display begins, President Trump boasts of his alleged successes.

Digital study by Postbank: Parents lose track of things in the digital children's room

In more than half of families there are no time limits for cell phones. At the same time, many parents are calling for stricter age rules for social media and cell phone bans in schools.

Management moment: How to make better decisions than FIFA referees

Germany's exit from the World Cup was also due to a goal that was wrongly disallowed. A wrong decision from which companies can learn a lot.

At Khamenei’s funeral, Iranian poet says ‘world is no longer a good place’ for Trump

A performer at the funeral for Iran’s late supreme leader Ayatollah Ali Khamenei called for the death of US President Donald Trump before a crowd of hundreds of thousands of people on Sunday in the capital, Tehran. The comment represents the first, direct call for Trump’s death by an emcee at the funeral, which has seen posters and graffiti calling for the killing of Trump and Israeli Prime Minister Benjamin Netanyahu. That has been a hardline demand even as Tehran negotiates with the US over a.

As Bali battles rabies surge, does dog meat raise the risk?

In a quieter part of western Bali, far from the crowds and chaos of the south, a 38-year-old housewife was bitten by a stray cat while hanging out laundry in May. Within weeks, she was dead: one of five people killed by rabies on the Indonesian resort island so far this year. The following month, a rabid dog kept as a family pet in the same region, Jembrana regency, attacked two children and an adult. All three survived, thanks to swift post-exposure vaccination after tests confirmed that the...

Hong Kong restaurants spend to welcome furry diners under pet-friendly scheme

Pet strollers, partitions and pre-dining briefings for customers are among the measures Hong Kong restaurants are taking ahead of the launch of a scheme allowing dogs into eateries next week. Dim sum restaurant Old Fung Tea House, with six outlets across the city, is among 833 eateries that will allow dogs to enter starting on Thursday under a policy by the Food and Environmental Hygiene Department aimed at developing the pet economy. Owner Fung Man-kit said he invested about HK$10,000...

Energy transition scientist Chen Peipei leaves Cambridge to build her own lab in Hong Kong

For some early-career scientists, the prestige of British academia is being marred by shrinking research funding and a complex geopolitical climate, prompting top-tier talent to look elsewhere for stability and resources. Chen Peipei, who moved from a research associate role at the University of Cambridge to a presidential assistant professorship at City University of Hong Kong in May, said she was drawn by a landscape supportive of young faculty. The energy transition scientist joins the school

Chinese AI chip start-up exits stealth mode, bets on 3D stacking to bypass US controls

A Chinese artificial intelligence chip start-up led by industry veteran Wei Shaojun has emerged from stealth mode, joining giants like Huawei Technologies in betting on 3D stacking to bypass US tech export controls. Dongfang Suanxin, a company headed by Wei, who is also vice-president of the China Semiconductor Industry Association, has stepped into the spotlight by launching a corporate website and social media account, positioning itself as a new but formidable player in China’s AI computing..

Cathay Pacific flight from India emits smoke during landing in Hong Kong

All crew and passengers have been safely evacuated from a Cathay Pacific Airways flight from India after the aircraft was seen emitting smoke during its landing in Hong Kong. Flight CX624 from Bengaluru landed at Hong Kong International Airport at 9.53am on Sunday after smoke was reported on board the Airbus A330. A preliminary police investigation found the smoke originated from the overheating air-conditioning system, and it dissipated shortly after landing as the system cooled. All passengers

Malaysia's durian boom sours as prices plunge

Nippon as a budget destination: Japan on your own: How to make the trip cheap

The island nation in distant Asia is considered an ultra-expensive destination. Thanks to the favorable exchange rate, this no longer applies. Group travel no longer has to be a thing either. 9 important questions and their answers.

Drought: Drought in the south and east – hardly any relief in sight

Southern Germany shines deep red on the drought map: to compensate for the deficiency, it would need a summer with a lot of precipitation. What this means for fields, forests and rivers.

US President: Bush turns 80: Will Trump give him a better reputation?

George W. Bush's work as US President was polarizing, especially because of the Iraq War. In light of Donald Trump's presidency, the view of him could change.

Delivery of letters: Authorities cannot keep an eye on the post office

The postal service is under time pressure when it comes to transporting letters: it has to comply with government regulations, otherwise, in the worst case scenario, there is a risk of fines. Theoretically. Because reality looks different.

South Korea’s World Cup loss spurs anger over ‘cartel’ of elites, favouritism

When South Korea’s national football team returned home on Tuesday after their shock group-stage exit from the 2026 World Cup tournament, the fury of fans was not targeted at captain Son Heung-min or other players. It was aimed at head coach Hong Myung-bo, who announced his resignation during a press conference in Guadalajara, Mexico – the tournament’s co-host – on June 28. South Korea lost 1-0 to Mexico and South Africa after opening their World Cup campaign with a 2-1 win over the Czech...

+++ Football World Cup 2026 +++: Co-favorite Morocco in the World Cup quarter-finals – Canada out

World Cup thriller - Argentina needs extra time against Cape Verd +++ Premiere victory in the penalty drama - Egypt in the round of 16 +++ Nagelsmann resigns - negotiations with Klopp +++ The news blog.

How to manage China’s rise as a civilisational power

The world has yet to truly understand how to deal with a rapidly rising China. Even within China, some of the most learned minds are surprised at how quickly the country has taken the global lead in new economic areas, such as electric vehicles. Global warming is no longer abstract; ask around in Europe this summer and people will tell you it has been unbearably hot. Electric vehicles have a future, if they are not the future. Prudent Chinese literati do not lightly discuss how China should act.

Why US and China are struggling to reach a consensus over future shape of relationship

China and the United States may have agreed to establish a “constructive” relationship characterised by “strategic stability” but deep-seated differences have left the future shape of the relationship looking uncertain, a forum in Beijing heard on Saturday. Looking ahead to President Xi Jinping’s possible US visit later this year, Sun Yun, director of the China programme at US think tank the Stimson Centre, said such trips typically required a list of deliverables, “but to my knowledge, both the