Finance news

From July 1st: offices to living space – investors can apply for funding

Empty offices are to be turned into apartments: From July, the federal government will be funding the conversion with up to 30,000 euros per unit. Building Minister Hubertz wants to create new living space.

Immigration: London wants to ask asylum seekers to pay

Asylum seekers in Great Britain will in future have to repay part of the costs of their care. The project has drawn criticism from human rights organizations, among others.

Gold’s $4,000 skirmish continues as it eyes worst quarter in 13 years

The precious metal may have the calendar on its side, according to an analyst

Middle East: Cruise: Aida cancels further trips to the Orient

The German shipping company will not be heading to the Persian Gulf in the winter of 2027/28 either. Affected guests will receive an offer.

Corona reconstruction fund: A lot spent, little achieved: Italy's balance sheet of the EU billions

The call rate is high, but growth is stagnating. Economists warn: Italy could be more indebted after the Corona funding ends - without having corrected structural weaknesses.

Low $70s Not a Fair Price for Oil, Analyst Outlines

'One would assume that a fair price today would be more like $80-90 per barrel than low $70s', SEB Chief Commodities Analyst Bjarne Schieldrop said.

How do people actually react when a specific amount that you save or invest falls?

I noticed that the reaction completely changes as soon as a number is mentioned. If I say 50 a month, it's not worth it. If I say something higher, it suddenly becomes unpleasant or envious. Why is it that it's not the investing that's funny, but the amount? How is it for you? submitted by /u/Successful-Power2026 [link] [comments]

Is Singapore facing ‘public fatigue’ over ex-MP Raeesah Khan saga?

It has been nearly five years since then Workers’ Party (WP) MP Raeesah Khan uttered her first lie in Singapore’s parliament but its aftershocks continue to reverberate, as some political observers argue that public fatigue has set in. They say it would be in the interest of both the ruling People’s Action Party’s (PAP) and the WP to avoid further drawing out the issue when there are more pressing matters to address for citizens. Mustafa Izzuddin, a senior international affairs analyst at...

UK lays out defence plan with drones, self-flying fighter jets, no-crew submarines

Self-flying fighter jets, uncrewed submarines and drones will be at the centre of Britain’s future military under a defence plan announced on Tuesday that reflects a world of conflicts transformed by technology. Prime Minister Keir Starmer said Britain would spend almost £300 billion (US$397 billion) over the next four years to modernise its armed forces amid rising threats. Starmer, expected to leave office next month after losing the support of Labour MPs, announced an increase in defence...

Broadcasting fee: Income from ARD and ZDF falls by 20 million euros

The income from the broadcasting fee falls slightly, but remains at billions. How the income is distributed among the broadcasters and what is disputed about.

Is South Korea making one of the biggest long-term industrial investments of the AI era?

South Korea has announced a long-term national strategy centered on AI infrastructure, semiconductor manufacturing, advanced manufacturing, and industrial infrastructure, with Samsung and SK Hynix expected to play central roles. What makes this interesting to me is that this appears to go beyond expanding semiconductor production. It looks like an attempt to accelerate the construction of an entire AI industrial ecosystem, including: AI semiconductor manufacturing Large-scale AI data centers and

Wealth: Assets are increasing – 2.6 million millionaires in Germany

In particular, the private assets of the rich continue to grow. The richest 3.9 percent in Germany own 46 percent of the total assets.

Price development: According to Ifo, inflation pressure is likely to fall

Companies expect prices to fall. This is good news for inflation – but not the all-clear.

New British Prime Minister: Burnham promises “good growth” across the country

Part of the government is to be moved to Manchester. He also announces a large social housing construction program. The future prime minister raises high expectations, but his plans are still vague.

250 years of the USA: “America lives from a tension that is never completely resolved”

The USA is 250 years old. Historian Hiram Kümper talks about its founding, promises of freedom, slavery - and the question of whether Donald Trump is just an episode.

Strait of Hormuz is reopening faster than expected, says Morgan Stanley as it cuts oil-price target

The Strait of Hormuz is reopening faster than expected, oil analysts at Morgan Stanley said as they cut their oil-price view for this year and next.

Indonesia jails former education minister for 10 years in Google Chromebook graft case

Makarim was found guilty in a case over the procurement of Google Chromebooks for schools

What will Hong Kong’s proposed reforms to sexual offences laws change?

Hong Kong authorities have put forward a sweeping overhaul of the city’s sexual offences laws, such as broadening the definition of rape, introducing new offences covering non-consensual acts involving children and persons with mental impairment, setting a uniform age of consent at 16, and removing gender-specific provisions. The proposals, which follow the Law Reform Commission’s reviews of sexual offences over the past decades, are undergoing a one-month public consultation. The government...

Consumer climate: World Cup cancellation prevents consumer stimulus for German economy

The World Cup is over for the German soccer team, which could dampen the Germans' purchasing mood. Nevertheless, there is hope for improvement.

Expiry of the fuel discount: more expensive refueling

The end of the fuel discount is good news, albeit painful for some drivers.

Franck Muller, Ferragamo, Omega join Japan's summer of big luxury price hikes

China finds audience for talk of Japan 'militarism' beyond Russia, North Korea

South Korea's Lee makes chip hub pitch in country's southwest

Why the last Iran nuclear deal still threatens the next one

Philippines approves Metro Manila's biggest minimum wage hike in decades

Indonesia's Gojek co-founder Nadiem Makarim jailed for 10 years for graft

Kylie Jenner takes $48 million ‘concrete fortress’ in L.A. off the market

Kylie Jenner has removed her extraordinary concrete megamansion from the market—just six months after listing the modern Los Angeles dwelling for $48 million.

EU seeks ‘tangible results’ on China trade deficit by October

The European Union set an October deadline for “tangible results” in tackling its growing trade deficit with China, after the two sides held talks in Brussels in an attempt to avoid a trade war. “Not everything will be solved, not everything will be fixed, but we think that between now and October, our teams have sufficient time to deliver the tangible results,” EU trade chief Maros Sefcovic told reporters on Monday, according to Bloomberg News. He spoke after “intensive, focused and...

Should China worry more about keeping defence customers than winning new deals?

Retaining existing customers and a potential resurgence of Russian competition may be among the biggest challenges for sales of Chinese weapons systems, according to a report from an Indian think tank. The study, published this month by the Bengaluru-based Takshashila Institution, questioned whether weapons made in China were “foolproof or in muddy waters” and cautioned against the “reductive assumption that Chinese weaponry is uniformly poor in quality”. Instead, the report’s author Anushka...

Inflation likely to stay ‘significantly above target,’ top European central banker warns

Joachim Nagel, president of Germany’s Bundesbank, spoke to CNBC on the sidelines of an ECB conference in Portugal.