Finance news

Börsenwoche shares Axa: generous to shareholders

Insurance group Axa distributes three quarters of its net profits to its investors.

Competition law: EU Commission initiates antitrust investigation against Sanofi

Has the pharmaceutical company Sanofi used anti-competitive practices in the flu vaccine business? The European Commission is now examining.

◇ unclassifiedgermany · europe · usa

Taxi headquarters: Uber partner takes over Frankfurt taxi headquarters

Frankfurt's largest taxi center will become part of the SafeDriver Group, which works closely with Uber. The declared goal is more sales for the taxi industry.

◇ unclassifiedmiddle-east · usa

DOE Plans $17.5B Loans for Westinghouse-Backed Nuclear Projects

The United States Department of Energy announced a conditional loan commitment of $17.5 billion to help 5 nuclear power projects procure long-lead items to deploy Westinghouse's advanced reactor.

◇ unclassifiedgermany · europe · australia

Brain chips made in Germany: An Upper Bavarian takes on Elon Musk

The entrepreneur Clemens Fischer wants to implant tiny chips in patients' brains and thus relieve them of pain. He has prominent competition in the field.

20d06/26⚠ war-conflict · 3/5

+++ Iran War +++: Israel is apparently calling on the Lebanese to flee

Iranian authorities warn ships about deviating from routes +++ UN stops ship evacuation +++ Dozens of ships apparently passed through the Strait of Hormuz +++ The news blog.

◇ unclassifiedgermany · europe · iran

20d06/26⚠ war-conflict · 3/5

Oil heads for another losing week, but analyst warns sluggish Strait of Hormuz traffic could send price soaring again

Iran warned on Thursday that vessels not following approved routes would be be dealt with ‘accordingly,’ and a U.N. organization paused ship-evacuation efforts at the strait.

◇ unclassifiedusa · iran

20d06/26⚠ war-conflict · 2/5

Bayer: Was that the end of the glyphosate concerns?

What happens next for Bayer after the Supreme Court ruling – and where further risks lurk. Answers to the central questions after the big victory in court.

CO2 standards: stay on track or more flexibility? France opposes Germany

Plus 72 percent in electric car sales in Italy, plus 41 percent in Germany. The numbers sound like success. But they, of all people, are fueling the dispute over CO2 fleet standards at the Environmental Council in Luxembourg.

Takeover struggles: Letter from Orlopp: Commerzbank seeks loyalty from shareholders

Unicredit's takeover offer for Commerzbank will expire next week. The decision lies with the shareholders. Now the Commerzbank boss is turning to the shareholders.

20d06/26⚠ war-conflict · 3/5

Bayer: Why so many Roundup weedkiller lawsuits?

Bayer was sued for failing to add cancer warnings to its controversial pesticide Roundup, when US regulators opposed adding one. DW asks if the latest Supreme Court win will stop the chemical giant from paying billions.

Job market: Where HR professionals are already using AI – and what obstacles they see

The advances in AI are increasing fears about one's job. An exclusive evaluation shows how HR managers can counteract this.

20d06/26⚠ war-conflict · 2/5

'The cult of Elon': SpaceX investors grapple with volatility amid big swings

SpaceX stock has seen big spikes and drop in its opening two weeks as a public company.

◇ unclassifiedusa

Attack on Christmas market: Without compassion - maximum penalty for Magdeburg death driver

He raced to the Christmas market in Magdeburg in a rental car. Five women and one child died and hundreds were injured. Now the driver who killed him has been convicted - many of those affected were there.

◇ unclassifiedmiddle-east · russia · usa

Crude Prices Sink as Traders Bet on More Iranian Oil

August WTI crude oil futures kept falling sharply during the week ending June 26. Traders continued to take out the extra price they had added earlier because they worried about possible supply problems in the Middle East. The contract moved between a high of $78.14 and a low of $68.90 before finishing at $71.53. That was down $3.99, or 5.28 percent, from the week before. The selling went on for most of the week. Traders stopped focusing as much on the chance of oil supplies getting cut off in t

◇ unclassifiedusa · germany

Volkswagen plans to cut 15% of its workforce and close four German plants, report says

Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years.

20d06/26⚠ war-conflict · 2/5

S&P 500 volatility indicators are flashing mixed signals — locking bulls and bears in a tug of war

Heavy put buying is a cautionary sign. Are the bears about to take control?

◇ unclassifiedusa

◇ unclassifiedgermany · europe · australia

KNDS: Budget Committee approves federal investment in Panzerbauer

KNDS wants to go public on the stock exchanges in Frankfurt and Paris before the summer break. The government can take over a share package of 40 percent before the planned IPO.

Auto industry: Up to 100,000 jobs in the VW Group are at risk - where the conversion has so far been

CEO Blume is planning even more radical job cuts than previously known. The workers are alarmed. According to information from Handelsblatt, job cuts are making rapid progress.

◇ unclassifiedgermany · europe · usa

Migration: UN alerts about 18 deaths in US ICE custody

The immigration agency ICE is often criticized in the USA. The UN High Commissioner for Human Rights, Volker Türk, is concerned about the number of deaths - and is demanding consequences.

Pharma: EU Commission initiates antitrust investigation against Sanofi

Has the pharmaceutical company Sanofi used anti-competitive practices in the flu vaccine business? The European Commission is now examining.

21d06/26⚠ war-conflict · 3/5

European hospitals overwhelmed by heatwave, more misery to come

A deadly European heatwave that has saturated hospitals as temperatures soared to record highs was shifting east on Friday, with authorities warning of more misery on a continent not used to stretches of punishing heat. At least 101 million Europeans have roasted for several days in temperatures of over 35 degrees Celsius, with an estimated few hundred people, including children, thought to have died as a result, many drowning as they sought respite from the inferno. Scientists said in a study..

◇ unclassifiedchina · asia · europe

◇ unclassifiedgermany · europe · uk

Stuttgart car manufacturer: Mercedes is tightening austerity measures - which will affect employees

Mercedes-Benz wants to further reduce costs in Germany. The car manufacturer announces an immediate measure - and suggests more work for the same money.

Takeover: Steiff's “emergency sale” to Ravensburger?

Too many staff, delayed decisions: The holding company of the Steiff plush toy company is apparently having major economic problems, insiders report.

Estrogen patches are hard to find, and it may not be resolved any time soon

Estrogen patches are in short supply as demand for menopause treatments skyrockets, and it could take at least a year for manufacturers to catch up.

◇ unclassifiedusa

◇ unclassifiedmiddle-east · russia · usa

China’s Crude Imports Set to Hit Weakest Level Since 2016

Chinese crude oil imports this month are on course to book an even weaker month than May, according to Kpler data, which sees the daily average at just 6.4 million barrels, as cited by Bloomberg. Data from Vortexa suggests a similar daily import level, the publication added. This would be the weakest import rate since October 2016, Bloomberg noted, and an 8% decline on May volumes. Those averaged 7.82 million barrels, according to customs data, down by 29% on the year and 17% on April. The May a

◇ unclassifiedgermany · europe · australia

Armament: Budget Committee approves federal entry into KNDS

Germany and France each want to take a 40 percent stake in the tank manufacturer KNDS. There are also concerns from the Bundestag.

◇ unclassifiedchina · asia · usa

Hong Kong bookshop owners bailed after arrests on suspicion of sedition

The owners of an independent Hong Kong bookshop have been released on bail two days after being arrested by national security police on suspicion of sedition and money laundering, the South China Morning Post has learned. A source familiar with the matter said the two owners of Hunter Bookstore – former district councillor for the now-disbanded Civic Party, Leticia Wong Man‑huen, 33, and a 32-year-old local man – were released from Sham Shui Po police station at about 4.45pm on Friday and must..

Off to vacation: overloaded car? This way you can avoid expensive fines while traveling

Too much luggage in the holiday car can be expensive: overloading by more than one percent will result in a fine. You can find out how to determine the correct weight here.