Finance news

Discovery of fish-eating raptor in Argentina points to prehistoric links with China

Scientists have uncovered a new species of raptor in Argentina that sports the same telltale curved claw as the velociraptors found in China, some 19,000km (11,800 miles) away. Though they were found on opposite ends of the world, these two dinosaurs were close kin – tracing back to a common ancestor from an era when the continents were knitted together to form one big land mass. This discovery, published late last month in the Journal of Vertebrate Paleontology, has prompted scientists to...

Hezbollah against Israel: Israel and Lebanon sign agreements - many hurdles

Israel and Lebanon's government reach an agreement to end decades of war. But previous agreements show that implementation is by no means certain.

Young investor: At 14, shareholder: “I’m interested in increasing capital”

Daniel Erb has been investing independently in stocks since he was twelve years old. This year he attended two general meetings for the first time - as a speaker. He made two banks curious.

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French heatwave packs hotels as city dwellers struggle to sleep

As France sweltered under one of the worst ⁠heatwaves ever recorded this ⁠week, city dwellers scrambled for any ⁠escape they could find, with many checking into hotels to benefit from air conditioning and access to pools. Temperatures in Paris hit a June record of 40.9 degrees Celsius on Wednesday, a day after France recorded its hottest day since records ‌began nearly 80 years ago. But few private flats in the country have air conditioning, particularly those in the densely populated capital...

Tax reform: The 8.8 billion question

The Chancellor and his Finance Minister are fighting hard over the promised income tax reform. In the end, however, the Union could be happy if only a small reform comes out.

Takeover: Indian rival offers billions for software company Nagarro

The Indian tech company Persistent Systems wants to take over the IT service provider Nagarro. The head of the supervisory board of the Munich IT service provider speaks of the companies' shared values.

Why are Hong Kong, mainland universities rising in global rankings as US ones fall?

The global higher education landscape has shifted markedly over the past five years, with universities across Asia, particularly in Hong Kong and mainland China, climbing international rankings while more than 70 per cent of US institutions slipped, a South China Morning Post analysis has found. UK-based education data firm Quacquarelli Symonds (QS) said the trend signalled that excellence in higher education was no longer dominated by a handful of Western countries, attributing the improved...

Hong Kong football clubs acknowledge arrests linked to illegal betting, match-fixing

Two of the 19 people reportedly arrested this week as part of a major crackdown on an illegal bookmaking ring in Hong Kong have been identified as prominent football coaches in the city. Lo Kwan-yee, head coach of local first division champions Supreme, and Poon Man-chun, coach of the under-18 and under-22 teams at local Premier League champions Kitchee and father of Hong Kong international Max Poon Pui-hin, were said to be among those linked to a group involved in match-fixing and handling...

Global anime fans flock to Tokyo suburbs on hunt for 'Crayon Shin-chan'

Hope for reform success: pension revolution should lead coalition out of the crisis

The coalition is basking in the success of its pension reform. Now things should continue in the same style. If only it were that easy.

Thousands pack Hong Kong’s Tsim Sha Tsui promenade for annual dragon boat races

Thousands of spectators and paddlers have descended on Hong Kong’s Tsim Sha Tsui promenade to cheer and compete as the 50th anniversary of the city’s annual International Dragon Boat Races gets under way. More than 220 teams from 16 jurisdictions, including Hong Kong, Australia and Qatar, are competing in the two-day event starting on Saturday, drawing tourists and locals alike to cheer on their favourite teams as they race across Victoria Harbour. Visitors to the harbourfront lauded the “well..

China confirms death of pilot in Citic Tower plane crash

The pilot of a light sport aircraft that hit Beijing’s tallest skyscraper on Friday died. In a statement on Saturday, the Chaoyang district government said that only the pilot was in the two-seater plane when it hit Citic Tower. In addition, 13 people were injured in the incident. The statement, issued after hours of silence, said the circumstances surrounding the crash were still under investigation. The incident triggered the building’s evacuation and scattered debris across the Chinese...

Prosperity debate: Krugman on the wrong track

US economist Paul Krugman says Europe is not lagging behind the US in terms of productivity. But he measures incorrectly.

Living with stocks: India is in the shadow of the AI ​​boom

The Indian economy is growing strongly, but the stock market is weakening. Why India is becoming less attractive for investors in the age of AI.

Guest commentary: Europe is looking for growth – and overlooking Serbia

The Balkans offer the EU a good deal: staggered membership without costs and demands - Austria is the model, writes investor Jan Ruzicka.

Real estate: How much does the dream of a pool in the garden really cost?

The heat wave of the past few days has many people dreaming of cool water in their own garden. You have to reckon with these costs for construction, additional equipment, follow-up costs and insurance.

Asian markets: Weak domestic demand weakens Chinese industry

Industrial production and exports are supporting China's economy, but domestic demand is weakening the country's profit growth. Car manufacturers in particular are recording losses.

Location debate: “Prosperity for young people,” demands the Chancellor. Really?

Friedrich Merz reinterprets Ludwig Erhard. Now, however, actions still have to follow his words. A comment.

Can Andy Burnham fix Britain’s essential services and debt problem?

Nowadays, prime ministers and even presidents cower before the mighty bond markets. These have the ability – in democracies, at least – to have leaders ejected from office via the ballot box, as even US President Donald Trump appears to acknowledge. However, it is not enough to simply offer dismissive gestures towards the bond markets, as some political leaders have discovered to their cost. It is much more important to ask why it is that bond markets have become so powerful. It is refreshing in

Corruption: China expels high-ranking generals from People's Congress

China's head of state Xi Jinping has been implementing an anti-corruption campaign in his country for years. Military officials are among the latest affected officials.

Financial policy: top tax, solidarity, middle class belly: CDU economic wing draws red lines for tax reform

Next week, the federal government wants to agree on an income tax reform - but the counter-financing is unclear. The SME Union is now clearly ruling out one option.

Time runs out for thousands missing after Venezuela earthquakes

The situation has grown more desperate by the hour in Venezuela as people dig through the rubble of collapsed homes and flat blocks three days after the devastating one-two punch of 7.2 and 7.5-magnitude earthquakes, knowing time is running out to find survivors. Authorities announced on Friday night that they would block access to La Guaira, the epicentre of the destruction, as chaos and traffic began to hamper search efforts. Officials said anyone who wanted to enter would now have to seek...

Housing market: Renting is no longer worthwhile for many private owners

New disaster is brewing in the housing market, warns the auditing firm PwC. High costs and regulation make life difficult for private landlords.

India’s late monsoon rains leave cities and fields parched

The late arrival of India’s monsoon season and below-average rainfall have caused problems ranging from planting delays for farmers to water restrictions for construction sites in its largest business hub, Mumbai. Water shortages have been reported around the country due to the late start of the rainy season, which typically begins in June but has grown erratic in recent years. Climate experts said El Nino, a warming of the Pacific that affects weather around the globe, combined with an already.

Air conditioning technology stocks: Everyone wants air conditioning - this is the stock for it

The heat wave is playing into the hands of the air conditioning manufacturer Midea. But the Chinese company also has other aces up its sleeve.

Ukraine War: Ukraine: Attack on missile factory in Volgograd, Russia

In its defensive war, Ukraine is shooting at arms companies in Russia. After such an attack, Volgograd's governor spoke of damage to "production facilities", Kiev of a rocket factory.

Iran War: USA reports first attacks against Iran since framework agreement

The USA accuses Iran of attacking a ship in the Strait of Hormuz - and is attacking Iranian targets. What does this mean for efforts to find a lasting settlement to the war?

Artificial Intelligence: US government restricts access to new AI from OpenAI

In the future, the American government will have a say in who gets access to powerful new AI models. One trigger is the fear of AI being misused for cyberattacks.

Cathay Pacific says sorry to actor Wu Chun over 3-day luggage delay ordeal

Hong Kong flag carrier Cathay Pacific Airways has apologised to actor and singer Wu Chun after the star, who was featured in its recent promotional campaign, vented his frustration online at the airline’s failure to find his missing luggage despite his “countless” phone calls over three days. The incident sparked a public outcry against the airline, reportedly prompting the company to apologise and take immediate action to track down his luggage. The airline confirmed the incident on...