Finance news

◇ unclassifiedmiddle-east · russia · usa

BP Weighs North Sea Exit Under New CEO

BP has started to simplify its portfolio and cut costs, and will make fewer but better choices in which projects to invest, chief executive Meg O’Neill said on Thursday. “We are taking concrete action to grow long-term value for shareholders: simplifying our portfolio, reducing costs, maintaining tight discipline on capex and strengthening the balance sheet,” O’Neill, the first female CEO of a Big Oil company, wrote in a LinkedIn post to reflect on the first 100 days as top executive of BP. “We

8 things I learned about travel expenses after a family tragedy

Make this vital purchase before your next vacation.

◇ unclassifiedusa · europe · iran

Defying Trump, Italy’s Meloni ‘maintaining’ hard line against Iran war help

At the start of the NATO Summit, the American president lambasted allied nations that refused to aid in US strikes against Tehran, including Italy.

Digitalization: Child benefit will soon be added to your account automatically

No more forms and paperwork – a new law brings “application-free” child benefit. How quickly it really reaches the parents will still be a question of where they live.

◇ unclassifiedchina · asia · usa

Why China is finally letting AI firms buy the Nvidia H200

For months, the United States and China have been locked in an unusual stand-off over cutting-edge chips – the building blocks of the artificial intelligence industry. In early 2026, Washington took the rare step of approving Nvidia’s H200 graphics processing unit for export to China, but Beijing has deliberately restricted Chinese firms from purchasing them as it pursues a tech self-sufficiency drive. Now, however, China’s stance is beginning to change, as the government plans to let selected..

Home prices hit new all-time high, deepening affordability woes

Home prices continue to climb even as buyers retreat from the market, according to fresh data from the National Association of Realtors.

Ohio is America's Top State for Business in 2026, capping yearslong rise with first No. 1 finish

Ohio tops CNBC's rankings for the first time in 2026, with the Buckeye State culminating a yearslong climb as the place to do business in America.

Capital market: The remedy for the fear of a crash

With a mix of stocks, bonds, gold and cash, investors secure opportunities and reduce risks. The WirtschaftsWoche mixed depot shows how this works.

Volkswagen: “Jobs eliminated with a watering can”: Great resistance is forming at VW

The next austerity program splits the group. On the day of the supervisory board meeting, workers across the country protested and the mood was heated. This is just the beginning.

◇ unclassifiedusa · europe

Why DoD, Silicon Valley now are betting on solar power beaming sats

“Space Operational Energy is a growing focus for us. We hope to host industry days and create avenues for collaboration with industry partners in the near future,” an Air Force spokesperson told Breaking Defense.

‘I’ve no idea how they got her number’: My student-loan servicer called a friend after I missed a payment. Is that legal?

“She said it’s the second message they have left.”

Migration policy: Germany and Denmark are sticking to border controls

Berlin and Copenhagen continue to rely on border controls. Both countries want to curb irregular migration. There is also agreement on the so-called return hubs.

◇ unclassifiedchina · asia

Up to 100 gigawatts: China unveils its high-power microwave weapon arsenal

China’s high-power microwave (HPM) weapons can deliver an output of up to 100 gigawatts (GW), according to defence scientists – a milestone that could transform the future of warfare and stimulate advancements in civilian research and industry. In a paper published this month in the journal High Power Laser and Particle Beams, researchers from the National University of Defence Technology (NUDT) detailed a series of advanced pulsed-power devices built by China’s military in recent years. This is

Meta jumps into AI coding market in effort to chase Anthropic and OpenAI

Meta is upgrading its Muse Spark artificial intelligence model under the leadership of AI chief Alexandr Wang.

◇ unclassifiedmiddle-east · russia · usa

High Oil Prices Are Fueling a New Heavy Crude Rush in Canada

Who says price isn't a rationing mechanism? Rather than sink billions into long-term oil sands projects, Alberta energy companies are increasingly chasing the Clearwater formation, a conventional heavy oil field that allows producers to capitalize on rising crude prices far more quickly, according to Bloomberg. The surge in activity has been significant. Alberta approved 1,764 drilling licenses between Jan. 1 and June 12, the busiest start to a year since 2014. Roughly one-fifth of those permits

‘I get $1,460 in Social Security’: My millionaire ex-husband, 74, refuses to pay alimony. What can I do?

“I have very little money, while my ex’s financial statements show assets in the millions.”

2d07/09⚠ war-conflict · 2/5

Rhineland-Palatinate: After a fatal attack on a train attendant: Ten years in prison for the perpetrators

The Zweibrücken regional court did not recognize any intent to kill on the part of the defendant in the trial surrounding the death of a train attendant in Rhineland-Palatinate. The guilty verdict is “assault resulting in death”. The survivors want to challenge the verdict.

Football World Cup: Morocco fans are looking forward to the quarter-finals against France

On Thursday, Morocco and France begin the quarter-final round of the World Cup. The French team is the favorite – and not just in the game against the African champions. Moroccan fans in Boston still believe in a win.

Crime: Countries are calling for more efforts in the fight against financial crime

The federal government wants to ensure that the state can more easily confiscate assets from illegal transactions. The states are making too slow progress when it comes to changing the law.

Fund tip of the week: This fund has bonds that are not harmed by interest rate increases and inflation

Rising interest rates and a wave of corporate bankruptcies are scaring pension fund investors - wrongly, as a successful fund from Hamburg proves.

Monetary policy: ECB deliberately leaves the future interest rate path in the euro area open

In its most recent minutes, the Euro Central Bank confirms the waiver of “forward guidance”. However, experts assume that the interest rate increase in June will not remain an isolated case.

◇ unclassifiedchina · asia · europe

Cathay Pacific aircraft’s tail hit runway at Hong Kong airport, airline confirms

Cathay Pacific Airways has confirmed that the tail of a passenger aircraft struck the runway at Hong Kong airport last week, prompting the city’s aviation regulator to order the airline to submit a report. In reply to South China Morning Post queries on Thursday, the airline confirmed that the tail of an Airbus A330-300 operating flight CX509 from Tokyo’s Narita airport made contact with the runway while performing a “go-around” manoeuvre at Hong Kong International Airport last Friday. “The...

◇ unclassifiedchina · asia

28 killed in factory blaze in the heart of Chinese shoe manufacturing hub

Twenty-eight people died following a massive fire in a shoe factory in China’s eastern Fujian province, on Thursday, state news agency Xinhua reported. Chinese President Xi Jinping ordered an all-out effort to rescue and treat the victims, and investigate. The blaze was reported at 12.04pm at the Huiteng Shoes factory on Kaituo Road East in the village of Jiangtou in Chendai township, Jinjiang. Fire authorities in the city of Quanzhou sent emergency crews, including 183 firefighters and 35 fire.

◇ unclassifiedgermany · europe · usa

Comment: The Tomahawk sale is Trump's next triumph

Just hours after pledging to make NATO more European, Chancellor Merz celebrated the purchase of cruise missiles from the USA. To the delight of the “dealmaker” in the White House.

EU antitrust proceedings: SAP customers will be able to choose between different maintenance options in the future

The German software company is avoiding an antitrust fine in the EU antitrust proceedings by making maintenance and customer services for its systems available to competitors.

◇ unclassifiedchina · asia · usa

Regulator outlines review after Cathay flight intercepted by Nato jets

Hong Kong’s aviation regulator has ordered Cathay Pacific Airways to conduct a comprehensive review of an incident involving a London-bound passenger flight that was intercepted by Nato fighter jets after temporarily losing contact with air traffic controllers over Romanian airspace last week. The Civil Aviation Department (CAD) expressed serious concern for the second consecutive day on Thursday over the incident and set out the parameters of the review for Cathay. It said preliminary...

Social◇ unclassifiedgermany · usa · europe

Buy a parental home or receive it as a gift

Hello everyone, you always see videos on Insta showing how smart it is not to get your parents' house as a gift, but rather to buy it. So house used by parents. For example, this one: https://www.instagram.com/p/DVva6vxiEAm/comments/ Either that's not true or I won't check it. If they say I'm buying (with a seller's loan): For example, I get €2000 a month in rent and pay €2000 in installments. Then cash flow is 0. They also include a tax refund. I don't see any Vo

Arkansas is America's Most Improved State in 2026 as workers move to Walmart's home for low costs, high quality of life

Arkansas is the Most Improved State for Business in CNBC's annual Top States rankings, as working-age adults are attracted by low costs and quality of life.

British pharmaceutical company: Failed drug test weighs on Astra-Zeneca

Almost 26 billion euros in market value are lost after a test showed that a new heart drug is virtually ineffective. But despite the setback, Astra-Zeneca remains on a strong growth path.