Finance news

Electromobility: Tesla wants to almost halve the cycle time in Grünheide

Tesla wants to hire another 1,000 new employees in Grünheide, and at the same time a car will change stations every 45 seconds from October. Employees ask: Who bears the burden?

Electromobility: converting combustion engines to electric ones – does that make sense?

Electric cars are expensive. But millions of gasoline and diesel engines could be converted to electric drives. A study sees great ecological potential. But there are also hurdles.

Ukraine war: EU wants to make it more difficult for able-bodied Ukrainians to escape war

Do men have to fight? The EU Commission is proposing a restriction on the simplified admission of war refugees from Ukraine. The country needs soldiers.

ECB survey: Consumers expect slightly lower inflation

After the Iran agreement, consumers' hopes are growing that price increases will be curbed. From the ECB's perspective, the risk of inflation has not yet been averted.

Cost of living: New York freezes rent prices for many apartments

For many New Yorkers, rent will remain stable for a while: New rules are intended to initially freeze prices. The step is an important milestone for the New York mayor.

Volkswagen: Report: VW wants to cut another 50,000 jobs

According to a media report, VW is planning drastic cuts: four plants in Germany are on the brink, and a total of up to 100,000 jobs could be lost worldwide.

DZI seal helps with selection: Earthquake in Venezuela: How your donation arrives safely

Severe earthquakes have hit regions west of the Venezuelan capital Caracas and the local people hard. Anyone who wants to donate now should take a close look at where the money ends up.

Marital duty, faith drive Malaysian women to give in to sex requests: survey

Only half of Malaysian women who were married or in a sexual relationship polled in a nationwide survey said they could refuse sex with their spouse or partner, with those who gave in saying they believed it was their marital duty or that they were guided by their faith. The survey, commissioned by Muslim women’s advocacy group SIS Forum and released on Thursday, polled 1,004 women above 18 years old, the Malay Mail newspaper reported. They were categorised into three marital statuses: 61 per...

Visit to Kyiv: 30 years of the Ukraine Constitution: Hubig praises commitment to the law

As with many events in Ukraine, the victims of the Russian war of aggression will be remembered first at a conference on the anniversary of the promulgation of the constitution.

How America lost its swagger after 100 days of war against Iran

Who would have imagined that just over 100 days could so change the world? The US-Israeli “war of choice” on Iran has fundamentally – perhaps, permanently – shifted the global balances of economic, military and political power, and not in America’s favour. Mix the direct impact of this gratuitous military conflict with the broader effects on global security, efforts to mitigate climate change, contain soaring public debt and “de-risk” after America’s unilateral efforts to unravel globally agreed

Singapore’s Lee Kuan Yew seen as cool guy amid Europe’s deadly heatwave

Singapore’s cooling strategy, pioneered by founding prime minister Lee Kuan Yew, has come in for praise in Europe, which is sweltering under a deadly heatwave. Even Tesla founder and world’s first trillionaire Elon Musk has weighed in, calling the late statesman “a genius”. Record-breaking temperatures in countries including Britain, France and Germany have killed dozens, overwhelmed hospitals and led to the closure of schools and cultural sites. Mercury in Paris hit a June record of 40.9...

Reforms: pension start in crazy stock market times

Getting started with a funded pension is a good idea. But it also comes at a thankless time. The government should still not back down. A comment.

Crypto: Minus 27 percent in five days – Strategy shares fall with Bitcoin

The risky financing model of Michael Saylor's Bitcoin group Strategy shows clear weaknesses. This increases concerns about a “death spiral” in the crypto market.

Mercedes: “Work more for the same money in all areas”

Mercedes has to make radical savings. A special payment will be postponed, products and administrative functions will be relocated. And there are negotiations about more work for the same money.

Oil tanker: Russian shadow fleet? France stops oil tankers

France's navy has stopped an oil tanker coming from Russia near Sicily. President Macron sees the operation as a clear signal against circumventing sanctions.

VW: Up to 100,000 jobs are expected to be lost at Volkswagen

Volkswagen's radical reduction target appears to have doubled. 100,000 jobs could be lost and up to four plants could be closed.

Strike Averted as Norway Onshore Support Workers Agree New Terms

The Offshore Norge oil and gas association and the union Styrke agreed pay increases and other changes in the Supply Base Agreement, averting a planned strike by about 875 workers.

View of depot

My sister-in-law works at Scalable as a project manager. Can it query internally which positions I hold and what size my portfolio has? Background: we had dinner with the entire family and towards the end she asked the group why I didn't invite everyone - that would go well for me. We all laughed, Vaddern paid but I'm just wondering if there's anything to it. When it comes to the topic of portfolios, I generally keep a low profile, which is why it doesn't bother me

Stuttgart car manufacturer: Mercedes tightens austerity measures – special payment will be postponed

Mercedes is postponing an important special payment - and is even considering longer working hours without more money. What this means for employees now.

Auto industry: VW apparently wants to cut up to 100,000 jobs

The VW board is apparently planning even more radical job cuts than previously known. According to a report, four German plants could be closed completely.

Labor market: part of the big reform package? SPD open to weakening protection against dismissal

According to Handelsblatt information, in the reform negotiations the SPD is opening up to more flexibility in labor law. Several options are being discussed.

Federal government should help: Söder and Özdemir are calling for wind power turbo for southern Germany

Bavaria and Baden-Württemberg are among the worst performers when it comes to building wind turbines. Now they are jointly demanding more support from the federal government.

Real estate in court: Tenants avoid full broker commission for buying an apartment

Some tenants used their right of first refusal to buy the apartment in the apartment building. Then they should pay the full broker commission. That causes arguments.

Car company in crisis: VW wants to save even harder – cutting up to 60,000 more jobs

The cost reductions decided so far are not enough. Now the management around CEO Oliver Blume is stepping up. Turbulent weeks lie ahead for Wolfsburg.

C24 terminates due to alleged business use

Now it's hit me too. So far I've been like many people here in the camp: "I went there 2.5 years ago, never had any problems". Everything was boring and worked. As it should be. Until the termination came out of the blue. The termination is justified by number 17 paragraph 1 General Terms and Conditions “Bank can terminate at any time”. Stupid, but of course I can't do anything. The curious thing is that the termination has nothing to do with suspected money laundering, but is based on business use, which is contractual

Output at Key Field in Kazakhstan Takes Hit from Attack on Russian Plant

Kazakhstan's giant Karachaganak oil and gas field cut crude production by more than a quarter after a drone attack forced the shutdown of a processing plant in Russia that handles its gas.

Hong Kong reports 36% rise in FDI inflows so far this year, InvestHK data shows

Hong Kong continued to draw US and European firms to expand their businesses in the city in the first half of this year, the latest data shows, adding new momentum to its superconnector role. A total of 413 companies either set up local entities or expanded their businesses in Hong Kong in the first six months of 2026, representing a year-on-year increase of 9 per cent, government investment promotion agency InvestHK said on Thursday. “[The firms] are expected to bring in over HK$53 billion...

China tests satellite-linked tracking device on China-Europe railway to stop cargo thieves

A potential hi-tech upgrade to BeiDou-based rail monitoring systems could better protect and track containers on the transcontinental China-Europe railway express, according to the developers of a new mountable device. A team drawn from various state-owned railway enterprises said the device could overcome long-standing logistics challenges in real-time rail container tracking and improve security and safety along the vital land shipping route. The China Railway team examined the existing...

ECB Consumer Expectations Survey results – May 2026

South Korean ex-first lady Kim Keon-hee gets 7 years in jail for bribery

A South Korean court sentenced former first lady Kim Keon-hee, already serving time behind bars for corruption, to another seven years’ imprisonment on Friday in a jobs-for-gifts scandal. Kim, 53, was found guilty of accepting “high-value precious metals” in exchange for favours in personnel appointments, according to the live-streamed ruling. The court said she “unhesitatingly accepted valuables of a kind that the average citizen would struggle to acquire even once in a lifetime”. Kim is...