Finance news

Signa founder: OGH confirms guilty verdict against René Benko and overturns partial acquittal

Austria's Supreme Court follows the recommendation of the General Procuratorate, which advises the Supreme Court in such cases. Benko himself did not take part in the proceedings in Vienna.

Threatening trade war: After meeting with Reiche: China urges Germany to be fair

China's trade minister meets Federal Economics Minister Reiche and EU Commissioner Sefcovic in Brussels. It's about fair trade. Beijing hopes that Germany will play a certain role in the EU.

Robinhood extended the 5% € APY indefinitely

Money sits in JPM MMF. IMHO currently the best place to park some cash (protected up to 22k€) submitted by /u/CarlitoSyrichta [link] [comments]

Commodities: Extreme weather drives up these commodity prices

While oil prices fell by around a quarter in June, several raw materials rose by double digits. The reason is concern about the El Niño weather phenomenon.

Taxes: Bigger hurdles for sick leave at work

Sickness levels in many companies have recently been at a relatively high level. The coalition now wants to counteract this with two changes for employees.

France: Le Pen does not want to run if he is sentenced to leg ironing

Marine Le Pen rules out running for president if she is sentenced to an electronic ankle bracelet. It's about the proceedings surrounding embezzled EU funds.

+++ Soccer World Cup 2026 +++: “Finish me”: Kimmich is still struggling with the World Cup exit

Tah would shoot a penalty again +++ “Dear parents …”: Austria's Federal President has a World Cup request +++ “The World Cup is the best Norway advertisement of all time” +++ The news blog.

Tank maker KNDS delays stock listing, citing defense-market volatility

“KNDS and its shareholders will continue to monitor the capital markets conditions closely and stand ready to resume the IPO process," the company said.

Cathay Pacific to resume Middle East passenger flights from September

Hong Kong flag carrier Cathay Pacific Airways will resume Middle East passenger flights in September, six months after suspending services due to the war. The airline said on Thursday it would progressively restore passenger and cargo operations, starting with freighter flights to Riyadh, Saudi Arabia, from August 1. Daily passenger flights to Dubai in the United Arab Emirates (UAE) and four-times-weekly services to Riyadh will resume on September 1. “These flights are already open for sale....

Major bank: UBS is apparently testing new banking offers in the USA

The Swiss bank is pushing ahead with US expansion, according to a report. This should enable customers to carry out more banking transactions. But Swiss regulations could become a problem.

Pay conveniently: Your own toll box saves time – what holidaymakers should know about it

With a toll box in your car, you can avoid stopping and rummaging for credit cards or cash when traveling through Europe. Basics for vacationers about the small devices behind the windshield.

Austerity: SAP is tightening the rules for new hires and business trips

The software company wants to invest more money in artificial intelligence. Savings should be made elsewhere. Jobs will also be lost in some areas.

Harvest time: Farmer President: “Mini-jobbers cannot be replaced by us”

Fewer mini-jobs? Farmers President Rukwied warns: The harvest won't work without mini-jobbers. He reacts to the current debate without understanding.

Bayer: The separation of glyphosate is becoming more likely

After its success before the Supreme Court, Bayer is spinning off its glyphosate business in the USA - thereby causing a jump in prices on the stock market.

Spencer Rascoff in conversation: The Tinder boss's dating tips

Tinder is the most used dating app in 177 countries. The boss works to modernize and explains why women can't stand gym selfies from men.

Chinese wife sucks venom from husband’s hand after cobra bite, ending up poisoning herself

When a farmer in southwestern China was bitten by a cobra, his panicked wife instantly sucked out the venom as she mimicked what she had seen on television, only to end up being poisoned herself. The old man was working in his field in Yuanyang county, Yunnan province, when the cobra bit his finger, the Jimu News reported. His wound soon became swollen and he felt dizzy and weak. It was then that his flustered wife applied the rescue method she had seen on television by directly sucking out the.

Saudi Arabia Rushes Crude Exports Through Reopened Strait of Hormuz

About 10 million barrels of Saudi crude have cleared the Strait of Hormuz in recent days, as supertankers continue to load oil from the Saudi port of Ras Tanura in the Persian Gulf and Saudi Arabia is ramping up oil exports to Asia. Saudi oil giant Aramco, the world's single largest crude oil exporter, has already managed to ship at least five supertankers from Ras Tanura through the Strait of Hormuz, Reuters reported on Thursday, citing shipping data and trade sources. At least another four sup

Frank Elderson: The green transition – benefits and barriers

Nvidia offers start-up customers chance to swap compute power for revenue share

Nvidia says it will give start-ups the chance to swap access to compute power for a slice of future profits under a new program aimed at AI-focused firms.

In heatwave-baked France, ‘madness’ and chaos grip air-conditioner shoppers

Hundreds of people were besieging Lidl supermarkets in and around Paris on Thursday, with scuffles and shouting matches breaking out as residents scrambled to get their hands on bargain air-cooling units before the next heatwave hits the French capital. With few air conditioners on sale elsewhere for less than €1,200 (US$1,400), police were called to at least two stores as huge crowds descended on Lidl supermarkets trying to get their hands on basic models on sale for as low as €179. Mousa...

+++ Federal policy +++: Coalition reform package – general practitioners call the obligation to take sick leave “absolutely catastrophic”

Reform package - tax on the rich rises to up to 47 percent +++ Top tax rate remains unchanged +++ Tax relief of up to 600 euros per year for families +++ The news blog.

Federal Government: Klingbeil: “We are making our tax system fairer”

At the coalition committee on Wednesday evening, the Union and the SPD agreed, among other things, on a tax reform. Vice Chancellor Klingbeil announced relief for families and higher taxes for top earners.

Federal government: Merz presents the coalition's reform plans

The coalition leaders have agreed on tax relief for lower and middle incomes. In addition, Chancellor Merz announced a package with more than 30 measures for the areas of work, social affairs, competition and reducing bureaucracy.

Woman accused of money laundering in Wang Fuk Court fire case granted HK$300,000 bail

A Hong Kong court has granted bail to an assistant manager of the project consultant behind a HK$336 million (US$42.8 million) renovation project at the fire-ravaged Wang Fuk Court, pending a money-laundering trial. Li Min, 33, secured bail at the High Court on Thursday after spending three weeks behind bars in connection with the city’s deadliest blaze in recent history. Her bail was set at HK$300,000, with her boyfriend also pledging HK$100,000 as surety. Li was among seven individuals and two

‘There was a catch’: My doctor friend was outraged by his hospital’s fundraising tactics. Where do we draw the line?

“This shocking program was exploiting doctors and the trust inherent in their relationships with patients.”

FDP newcomer: “My own migration background does not make me a migration expert”

27-year-old Nadin Zaya has recently been elected to the FDP presidium. Their journey “from the asylum home to the top” inspires and gives hope. But the young politician does not want to be reduced to symbolic politics. What's next for her?

+++ Ukraine War +++: “Terrible night for Kiev”: Mayor Klitschko speaks of the worst attacks since the start of the war

Foreign Office condemns attacks +++ Lithuania plans to lift constitutional ban on nuclear weapons +++ At least 17 dead in Russian air strike on Kiev +++ The news blog.

Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFC

Assets and wealth under management in Hong Kong surged to a record high last year as global investors returned to Chinese assets, underscoring the city’s edge over Switzerland as a wealth hub. Financial firms in Hong Kong managed HK$42.2 trillion (US$5.38 trillion) worth of assets last year, a 20 per cent increase from the previous peak of HK$35.5 trillion in 2024, according to a report released by the Securities and Futures Commission on Thursday. Driven by the asset-management and...

8 monks killed in Thailand after boy, 11, crashes truck into pilgrims

Eight Buddhist monks died in northeastern Thailand on Thursday – and over a dozen more were injured – after an 11-year-old boy driving his parents’ truck crashed into pilgrims walking along a deserted rural road. Images of the devastation, shared across social media, showed the bodies of orange-robed monks lying on the road with their alms bowls strewn across the accident site in Mukdahan province, about 600km northeast of Bangkok. Five monks were killed at the roadside while three others died..

In ‘red hot’ counter-drone market, Echodyne CEO sees radar demand boom

Defeating drones starts with detection, and suppliers of relatively small and affordable radars are rushing to meet global demand.