Finance news

Artificial intelligence: Big expectations, small budgets – medium-sized companies are hesitant about AI

AI is considered a future technology in medium-sized businesses, but investments remain low. A study shows where the reluctance comes from.

Climate: Economists on the heat wave – new risk for the economy

Economists see the heat wave as a growing risk for Germany's economy. The risks range from production downtimes to higher energy costs.

78 arrested as Hong Kong police bust HK$5 million online shopping scams

Hong Kong police have arrested 78 people in a citywide crackdown on online shopping fraud, solving 165 cases involving more than HK$5 million (US$637,565) in losses, including one victim who was cheated out of HK$1.2 million while seeking cheaper medicine. Officers arrested 59 men and 19 women aged between 15 and 73 during the operation code-named “Blacksword”, which ran from June 15 to 26. Of them, 69 were suspected holders of mule accounts used to transfer or process illicit proceeds, with the

Book “The Score”: Being smarter than the metrics

Leaderboards and point systems everywhere: The philosopher Christopher Thi Nguyen makes it clear that we can hardly escape the predetermined processes in everyday life. Although his book doesn't show a way out, it does offer food for thought that is encouraging.

Israel’s Smart Shooter sees c-UAS demand grow across US military: Exec

Smart Shooter VP Scott Thompson told Breaking Defense that the evolving threat of small drones has sparked high demand for kinetic solutions.

Heatwave grips Eastern Europe after Germany weather breaks records

The deadly heatwave that’s set temperature records across western Europe for more than a week has shifted east to scorch Hungary, Romania and the Balkans. Hungary’s Budapest is expected to top 40 degrees Celsius (104F) on Tuesday, according to models from the European Centre for Medium-Range Weather Forecasts. Belgrade in Serbia and Bucharest in Romania will reach 38 degrees and 37 degrees, respectively, on Monday. Red warnings for extreme heat have been issued in Poland, Hungary, Romania,...

Climate neutrality: At the energy transition fair

The debates about the energy transition are relentless. In the end, almost everyone wants the same thing. If you want to reach your destination, you have to do it like visiting family at the fair.

2 PLA navy ships to visit Hong Kong for 5-day port call

Two People’s Liberation Army (PLA) naval vessels are set to visit Hong Kong for a five-day port call from July 2, during which residents will be able to board them and take part in cultural exchange activities. China’s Ministry of National Defence said on Monday that a PLA naval task group would visit Hong Kong waters from Thursday to next Monday to mark the 29th anniversary of the city’s return to Chinese sovereignty. The guided-missile destroyer Nanning and the guided-missile frigate Hengyang.

Israel sells Spyder air defense systems to Romania for $2.3 billion

According to manufacturer Rafael, it's the largest contract in its history.

Takaichi and Modi to agree on supporting ammonia production

Stade: According to police, five people died in shootings in Stade

In Stade near Hamburg, at least one suspect shot several people. A suspect was arrested, police said.

China conducts ground test of hypersonic ramjet that can change shape in flight

At a test facility in China, a hypersonic engine that reshapes its internal airflow channel – much like a throat tightening and relaxing – has operated continuously from a relatively modest Mach 1.8 (nearly twice the speed of sound) all the way to Mach 6 without failing. And the material that kept superheated gases from escaping? Essentially the same black mineral found inside a pencil: graphite. For years, engines of this type could not ignite until the aircraft had already reached Mach 4 –...

Strait of Hormuz Tanker Traffic Slows After Fresh U.S.-Iran Strikes

Tanker traffic through the Strait of Hormuz has eased since late last week as vessel owners and operators remain cautious amid the renewed hostilities between Iran and the United States this weekend. On Friday and Saturday, the US Central Command (CENTCOM) forces conducted strikes against multiple targets in Iran, in response to attacks on two vessels near the Strait of Hormuz. The Thursday attack on the container ship Ever Lovely prompted some shipowners to pull back and wait for additional inf

Auto industry: Federal government wants to prevent factory closures in the auto industry

Despite transformation and international pressure, the federal government wants to secure locations for the automotive industry and preserve jobs.

Mobility costs: Ifo: Fuel discount was not passed on enough for diesel

Even if the measure expires on Wednesday night, the free gas stations do not expect its effect to end until the following midday. Prices have recently risen.

Repair work: No long-distance rail traffic across the Brenner for two weeks

The Brenner Pass is an important north-south connection in the Alps for cars and trains. Now the route between Innsbruck and Bolzano will be closed from July 17th to August 1st - with consequences.

Stable WiFi in summer: Avoid heat fever: The router needs to get some fresh air

Even though the devices have become more attractive, many people prefer to keep routers out of sight, for example by putting them in a cupboard. Understandable, but not useful, especially at high temperatures.

State finances: Klingbeil closes billions in gaps in the budget

The government's draft budget is to be approved next Monday. There is now a concept for closing the 21 billion euro gap.

Comcast’s stock having best day in 18 years after plan to spin off NBCUniversal

Comcast on Monday said it would spin off NBCUniversal into a separate company, breaking off the media business it acquired 15 years ago.

Oil Price Bubble Has Burst

Wood Mackenzie said the oil price bubble has burst.

Coalition Committee: Will the “Gesamtkunstwerk” reform package succeed?

The pension reform is finalized. But the test for the new unity in the black-red government is still ahead.

Ukraine War: Organization of demos: Poland catches henchmen of Russian secret services

Poland has arrested eleven Ukrainian and Belarusian citizens. They are said to have recruited demonstrators from war refugees - and received money from Russia.

Strait dispute: Further negotiations between the USA and Iran unclear

Recent attacks between the US and Iran are fueling fears of a resurgence of war. According to US information, both want to continue talking. The situation also remains tense in Lebanon.

UK’s Andy Burnham, nation’s likely next leader, promises ‘number 10 north’

Andy Burnham, Britain’s presumptive next prime minister, has set out details giving more powers to local government as part of a plan to spread wealth and economic growth. Saying Westminster “is not working” and is “broken”, he set out a sweeping economic vision in a key speech from Manchester – where he was mayor for nine years – to bring voters, colleagues and financial markets up to speed with his ideas during his rapid progress towards power. He set out a 10-year vision for “good growth in..

There’s a 67% chance stocks will suffer a bear market when this rare signal flashes — like it’s doing now

The Dow Industrials are trouncing the Nasdaq composite. That’s an alarming sign for your portfolio.

‘Queuing gangs’ exploited Hong Kong driving licence ticketing system: ombudsman

The Hong Kong government watchdog has slammed the Transport Department over systemic deficiencies that allowed “queuing gangs” to abuse public resources, along with digital shortcomings that left overseas and mainland Chinese applicants with a negative impression. An investigation by the Office of the Ombudsman, released on Monday, revealed that a group of seven agents exploited the ticketing system to submit 135 applications for the direct issue of Hong Kong full driving licences in a single...

Comcast soars 23% after announcing it will spin off media and tech wings into separate public companies

Comcast said it will separate into two publicly traded companies through a tax-free spinoff of NBCUniversal and Sky

Foreign trade: Helpless in North Carolina

Half of the German economy has settled in the state on the US east coast. This makes Donald Trump's policies a problem for Governor Josh Stein.

Insider: BayWa and EIP could join BayWa r.e. Appoint trustees

The agricultural group BayWa is considering acquiring shares in BayWa r.e. to be transferred via a trustee. This is part of the restructuring concept for the company.

Airbus: EU development bank puts three billion into Airbus

The European Investment Bank is intended to help finance the EU's priorities. The development bank is providing Airbus with more money than ever before to any company.