Finance news

F.A.S. Exclusive: How the EU accidentally made shopping more expensive

The European Union wanted to protect customers from the discount trap. Two economists have examined the EU rule and found that it is backfiring.

Automotive industry: Continental seals sale of ContiTech – shareholders receive special dividend

The supplier is restructuring itself. The company has now announced that it has sold its subsidiary. The backgrounds.

Holiday home: holiday homes for the people's soul

Holiday homes are considered a cheaper hotel alternative, especially when the holiday budget is tight. The young Munich company Holidu is betting on the business – with its 14th takeover.

China’s influence on African ports extends to software, automation and AI: study

Chinese firms not only operate, finance or hold stakes in about one third of all ports in Africa, but Beijing now also controls the software, automation and artificial intelligence (AI) tools that run the infrastructure. And that reach extends well beyond the docks, with Beijing financing and operating the road, rail and warehousing networks connected to these ports and other maritime projects across the continent, closely intertwining African trade with China’s own trading systems. These are...

UK and France agree with Oman to ensure safety of its territorial waters

France said it has deployed mine countermeasures to the Middle East, including two mine-hunting ships.

Development chief hails ‘diversified’ consortium in Northern Metropolis pilot bid

Hong Kong’s development chief has welcomed the collaboration between property developers and industry operators in bids for a Northern Metropolis pilot project, saying the consortium reflected diversity and the government’s aim of pairing the two sectors. Secretary for Development Bernadette Linn Hon-ho made the remarks on Saturday despite the government receiving only two bids for the Hung Shui Kiu project when the tender closed a day earlier. Henderson Land Development submitted a standalone..

Boy, 16, in a critical condition after fall through school classroom window

A 16-year-old boy remains in a critical condition with a suspected brain haemorrhage after he was believed to have been knocked from behind by a classmate while climbing through a classroom window at his school, the South China Morning Post has learned. The Education Bureau said on Saturday that it was “deeply concerned” about the incident, which occurred the previous day, and that the school involved would provide support for the boy’s parents and other students. Police said they received a...

From Macron to Modi, governments are rolling out the red carpet for AI giants

Macron and Modi are courting tech CEOs as France and India seek AI data center investment and cloud infrastructure.

+++ Ukraine War +++: Ukraine – At least ten dead in Russian attacks on Sumy and the south

Larger parts of Crimea are without electricity +++ Ukraine is to receive promises of billions at the NATO summit +++ Merz reacts calmly to Trump's criticism of defense spending +++ The news blog.

UhrenWoche: Is this German manufacturer the coolest independent brand from Glashütte?

Grossmann, never heard of it? The watchmaker of the same name founded the German Watchmaking School in Glashütte in 1878. An entrepreneur revives the brand. A column.

Butlers, Depot and Co.: The market for home decoration is being reorganized

Butlers has been struggling for years, now Depot is closing 66 branches. But Søstrene Grene and Flying Tiger show that it is not stationary retail that is in crisis. If you approach it correctly.

+++ Iran War +++: Iran begins public funeral ceremonies for Khamenei

Shipping traffic in the Strait of Hormuz is recovering +++ USA and Iran end talks +++ Qatar: Further talks as soon as possible +++ The news blog.

+++ USA +++: Heat wave affects Independence Day celebrations in the USA

US court - Government is not allowed to detain migrants indefinitely without a hearing +++ US immigration authorities record 10,000 arrests in five days +++ The news blog.

Reform of sick leave: This is how we stay sick

The federal government wants to make it more difficult for blue-collar workers. Everyone else is left behind.

Drone industry leader urges Japan and Taiwan to get on same regulatory page

Novagentica: “When Anthropic pulled the plug, that was our Independence Day”

Martin Hofmann was responsible for Volkswagen's IT. With his new company he wants to help Germany's industry with artificial intelligence - especially after the Americans blocked access.

Pope visits Africa-Europe crossing as anti-migrant policies rise in US, EU

Pope Leo on Saturday visited Italy’s Lampedusa island, a major port of call for migrants risking the perilous crossing from Africa, in a stark message to US and EU leaders. The Catholic Church’s first US pope, who has clashed with the administration of President Donald Trump over its treatment of migrants, is marking July 4, the United States’ 250th anniversary of independence, on a migration frontline. Leo’s visit also comes just two weeks after the European Union’s approval of new migrant...

Black-Red: Can the reform package strengthen democracy?

The coalition has agreed on its long-awaited reform program. It should not only bring back growth, but also consolidate democracy. But there are still enough points of contention in detail.

Wang Fuk Court administrator to hold crucial owners’ meeting on July 19

The government-appointed administrator of Hong Kong’s fire-ravaged Wang Fuk Court will hold an extraordinary general meeting (EGM) with owners of the flats on July 19, ending months of delays. In a notice issued on Saturday, Hop On Management Company said it would host the meeting simultaneously via live broadcast across four locations for owners of Wang Fuk Court in Tai Po – the site of Hong Kong’s deadliest blaze in decades, which killed 168 people and displaced nearly 5,000. The four...

Erfurt on Saturday: Despite protests and blockades: AfD party conference starts on time

Thousands of people take part in demonstrations against the AfD party conference in Erfurt, activists block access roads and a motorway. The party conference can still begin as planned.

Blaming China won’t bring jobs back to ‘post-industrial’ economies

Almost anywhere you look these days, you can find claims from political, academic and other various sources that China’s supposed overproduction and exports of manufactured goods pose unfair advantages. These sources may also claim such unfair advantages justify protectionist countermeasures. But it is difficult to counter one’s own folly. For decades, the US, much of Europe and even Japan, long proud of its manufacturing skills, have prided themselves on becoming “post-industrial” and...

Living with Stocks: America's Oldest Stocks

Before there was Big Tech, there was BNY Mellon and York Water. Two companies that have accompanied the USA almost since its founding - and continue to employ investors to this day.

Taiwan: China continues coast guard patrols east of Taiwan

Germany and other Western countries have warned about China's coast guard patrols. Beijing is still going ahead and wants to tighten its control over the waters even further.

Taiwan: China sends coast guard to waters off Taiwan

China has once again sent coast guard ships off the east coast of the island and speaks of its own territorial waters. Now China could permanently expand its presence in the maritime area.

USA: Trump warns of “communist threat” at the presidential monument

Shortly before the climax of the 250th anniversary, the President spoke at Mount Rushmore about how unique the USA is. He did not mention his wish to be immortalized there too.

Business ticker: “Unreasonable waiting times”: Airports criticize new border controls

Continental before selling Contitech +++ Mecklenburg-Western Pomerania says goodbye to Microsoft+++ Renk expands marine business +++ News in the company live blog.

Money Market Funds - cannot understand if I like them

I have around one year of expenses in a Tagesgeld with N26 but as they did not move the interest rate even with the latest ECB increase I am considering moving some or all of it. Easiest logistical piece would be the Flexible Cash Fund they offer up to 2.29% however the more I read around MMF the less I trust them. How is the sub around MMFs? Do you use them? Should I just open yet another bank account to still use Tagesgeld but with better conditions? (I have a DKB, N26, Degiro and Scalable but

AfD: Thousands protest against the AfD party conference in Erfurt

Despite demonstrations, the AfD party conference in Erfurt is going as planned so far. Activists previously blocked access routes - but they were unable to prevent the event from starting.

AfD: AfD party conference begins despite protests and blockades

Thousands of people take part in demonstrations against the AfD party conference in Erfurt, activists block access roads and a motorway. The party conference can still begin as planned.

Top Chinese influencer sells pricey courses after government live-streaming ban

A top social media agency in mainland China, suspended from business operations two years ago for selling fake Hong Kong brand mooncakes, is back in the spotlight for selling live-streaming courses. Three Sheep Network, based in eastern Anhui province, boasts top influencers Zhang Qingyan and Zhang Kaiyang, who are twin brothers. The former, better known as Crazy Younger Brother Yang, has 95 million followers, a big drop from his more than 100 million followers before the network was...