Finance news

Nasa launches robotic mission to save space telescope

Nasa launched a robotic mission on Friday to try to prevent one of its ageing telescopes from burning up in the atmosphere, a complicated operation expected to last several months. The unprecedented US$30 million effort involves sending a robot to rescue the Swift space telescope that is currently falling towards Earth. If successful, the mission could pave the way for giving other satellites a second life. Initially scheduled for Tuesday, the robot’s launch was postponed due to weather and then

Copper's Next Move Depends On Washington, Not The Strait Of Hormuz

Six months after Operation Epic Fury upended the metals complex, the Strait of Hormuz still can't decide if it's open. Days after the two countries signed a memorandum of understanding on June 17, Iran's military declared the strait closed again, only for Iran's own foreign ministry to tell state media shipping was “operating normally.” Under that same agreement, Washington has until July 19 to fully lift its naval blockade, while Tehran is only committed to its “best efforts” to restore pre-war

Hormuz Turns Oil Outlooks Into a Guessing Game

Numbers Report – July 03, 2026 In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look. 1. Hormuz Turns Oil Outlooks Into a Guessing Game - Energy market research organizations have started to recalibrate their global supply outlooks for 2026 and 2027, with the US Energy Information A

Draft budget: Klingbeil plans new debts of 839 billion euros by 2030

The Federal Minister of Finance expects net borrowing of more than 200 billion euros not only in the coming year. The price of the growing mountain of debt: ever higher interest expenses.

Reform or non-reform: The tax deception

The coalition does not even fully offset the creeping tax increase caused by inflation. There is nothing that deserves the name reform.

First known congressional SpaceX stock buys surface after record IPO

The SpaceX stock purchases come as Elon Musk’s company deepens its role in federal contracting and remains closely tied to President Donald Trump’s Washington.

South Korea's tungsten mine revival seeks China-free supply

Japan's clothing imports from China hit 31-year low in Southeast Asia shift

Luxury sports car: “12Cilindri Manuale” with combustion engine and manual transmission: Ferrari is trying to return to the core of the brand

The “Luce” electric car displeased Ferrari fans. Now the Italian car manufacturer is launching a special edition with a retro design. And he hopes that this will bring peace to the group.

Acting DNI Pulte fires dozens of intelligence officials: MS Now

President Donald Trump's controversial pick to lead the office of the Director of National Intelligence has begun firing intel officials, MS NOW reported.

+++ Ukraine War +++: Larger parts of Crimea are without electricity after Ukrainian attacks

Ukraine is to receive promises of billions at the NATO summit +++ Merz reacts calmly to Trump's criticism of defense spending +++ The news blog.

Russia Scrambles for Asian Jet Fuel as Crisis Deepens

Russia's fuel crisis has reached the point where one of the world's biggest oil producers is preparing to import jet fuel. According to Reuters, Russia is set to receive at least 200,000 barrels of jet fuel originating in Japan through a complex chain of traders and ship-to-ship transfers via South Korea, underscoring just how badly Ukrainian drone strikes have disrupted the country's refining system. The cargo is expected to load from Chiba, Japan, in the first half of July before heading to So

Draft budget: The federal government is planning new debts of almost 204 billion euros for 2027

The special fund creates high debts. The gaps should be closed with taxes and cuts in climate protection and social welfare.

Reform package: How the Union and SPD are rowing back on sick leave

Black and red want to make sick leave more difficult. There is criticism from all sides for this. How government officials respond.

Banks: N26 ends free securities trading

The Berlin smartphone bank N26 will start charging fees for trading stocks and ETFs from September. Several providers in the industry charge almost the same price.

Banks: Unicredit believes it is close to its goal at Commerzbank

The Italian bank expects to receive the majority at the general meeting. This could mean replacing Commerzbank management - but also creating a direct conflict with the federal government.

Interview with the King couple: “We will not allow our democracy to fall apart”

Martin Luther King III and Arndrea Waters King, son and daughter-in-law of civil rights activist Martin Luther King, made serious allegations against the Republicans in an interview with Handelsblatt.

Protection against dismissal: “Most employees get you out of the company”

An employer lawyer reveals the tricks companies are now using to get rid of employees. In the interview he explains what the announced reform of dismissal protection will bring.

DOJ Urges States to Enforce Fuel Price-Gouging Laws

The Trump administration is taking its campaign against high gasoline prices to the states, and it’s doing it formally. A little more than a week after President Donald Trump ordered the Justice Department to investigate possible price gouging at the pump, federal antitrust regulators have formally asked state attorneys general to join the effort, warning that oil market volatility is no excuse for anticompetitive behavior. In a letter sent Friday seen by CBS News, the Justice Department and the

+++ Federal policy +++: “Deceive, trick, camouflage” – Greens criticize draft budget

SPD general on the AU obligation - "The alternative would be a waiting day" +++ Spahn defends stricter rules for sick leave +++ Deutsche Bank boss Sewing praises reforms +++ The news blog.

The semis dropped 10–14% in two days and my feed instantly called a recession. I track the cross-asset tape daily and 5 of 6 recession tells pointed the other way, rotation

Two ugly sessions. The whole semi/AI-infra complex, Micron, Sandisk, KLA, Lam, down 10–14%. KLA printed −12% then −11.5%, both on 2x normal volume. That's a real drawdown, I'm not going to pretend otherwise. But the reason I keep a cross-asset dashboard instead of just staring at tickers is for exatly this kind of day. When one group is bleeding, the question that actually pays is: what is everything else doing? A genuine risk-off event has a signature, and it isn't "one sector down." In a real

Multibillion-dollar contract secures ‘major step forward’ for GCAP fighter jet

Japan, Italy and the U.K. have handed a £4.6 billion ($6.1 billion) development contract to their national champions building the GCAP jet.

Dax current: Dax closes in the black again – 26,000 points in sight

There was a good mood among investors on Friday: the leading German index ended trading at a new high. There was a lack of impulses from the USA before the weekend.

Stay in Malta for a tax efficiency or move to Spain for quality of life?

M36, no children, I own a small web agency full remote. I've been resident in Malta for the last 6 years. This has allowed me to make taxation as efficient as possible and therefore accumulate in these years in which I have pushed hard with my business, while also travelling a lot. I don't like to live in Malta at all. In these years, I stayed 2-3 months in Malta, 2-3 months in Spain, and then the rest travelling. I'm tired of my business now, and I'm not pushing it anymore. I'm still making aro

Mercedes austerity program: The inevitable provocation

Mercedes is calling for a 35-hour week. The move is the unions' greatest possible provocation. It shows that the German auto industry has its back to the wall.

Budget: Klingbeil plans higher spending and more debt in 2027

The federal cabinet wants to approve the 2027 budget draft on Monday. There are changes compared to the key values.

‘I’m so scared’: parents of dying Hong Kong girl, 13, pray for organ ‘miracle’

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The parents of a 13-year-old Hong Kong girl critically in need of a new heart and lungs have appealed to the public in hopes of a “miracle”, with the girl fearing she “won’t be able to go home”. In a letter published on Friday, Ching Ching’s parents called on families who have recently lost loved ones to consider donating the needed organs to their daughter,.

Oil Markets Grow Numb to U.S.-Iran Ceasefire Drama

Oil prices remain stuck in a tight range as traders look past geopolitical headlines and wait for clarity on the fragile U.S.-Iran ceasefire. Friday, July 03, 2026 Following weeks of extremely volatile and geopolitics-driven trading, oil prices have been exceptionally calm this week, with ICE Brent trending within a narrow range of $71-73 per barrel. This partly stems from pre-holiday liquidity dips; however, it could also be seen as the oil markets’ general fatigue with gauging the current stat

Russia Escalates Kyiv Strikes Days Before NATO Summit Showdown

Russia carried out one of its largest attacks on Ukraine's capital this year, reigniting demands in the United States and Europe for tougher military and economic measures against Moscow.Ukrainian officials said at least 27 people were killed and scores of others wounded in the large-scale attack on Kyiv on July 2, which caused fires and extensive damage to civilian infrastructure and residential buildings across several districts.The scale of the assault drew swift condemnation from lawmakers i

Federal budget: Savings targets missed – Klingbeil is planning significantly more debt for the coming year

The federal government is not achieving the savings targets it has set itself. Now the finance minister is planning more debt in the coming years. He also has to use a reserve in 2027.