Finance news

Iran War: New escalation overshadows state funeral in Iran

The US bombs targets in Iran two nights in a row. The country, for its part, reports attacks on US destroyers. Meanwhile, the burial of Ayatollah Ali Khamenei ends a political era.

Parent company of Hong Kong IVF clinic says sorry for embryo specimen mix-up

The parent group of a Hong Kong fertility clinic involved in a rare mix-up of embryo biopsy specimens has apologised for the incident, pledging to cooperate with the authorities’ investigation and provide support to affected patients. New Frontier Group, the parent company of Heal Fertility in Central, broke its silence two days after the in vitro fertilisation (IVF) saga came to light, saying in a statement on Thursday that it had launched a comprehensive internal review. The assisted...

Reform package: A good starting point – what is now missing is a booster for the upswing

The reform package makes a big difference in pensions, in the labor market and in reducing bureaucracy. But there is no real impetus for growth. So: keep it up! A comment.

Comment: Leftists want to expropriate real estate companies – How low should Germany fall?

Nowhere else in Europe do fewer people live in their own four walls. The fantasies of the left-wing populists are a fatal signal. Fortunately, the coalition is holding out.

Competition: Software support also external - SAP averts EU fine

Europe's largest software manufacturer is in the focus of EU competition watchdogs because of requirements for maintenance and support services. Now he has committed to making changes.

America's Top States for Business 2026: See the full rankings and where your state finished

CNBC's annual study puts all 50 states to the test across 138 metrics and 10 categories of competitiveness. These are America's Top States for Business.

High construction costs: Housing industry warns of new building collapse

As early as 2025, the completion of new districts fell to the lowest level in more than a decade. The industry association GdW is sounding the alarm again this year.

How AI could help Hong Kong taxi drivers find customers on the streets

Hong Kong taxi drivers will be able to identify streets with high rider demand using a big data prediction model powered by artificial intelligence (AI) as soon as mid-2027, according to a cab payment start-up and a university that developed the system. The StreetSights system is the result of a collaboration between Dash and the Hong Kong University of Science and Technology, which said on Thursday that their interim research results were up to 90 per cent accurate in forecasting demand and...

Takeover battle with Unicredit: Orlopp: “Unicredit needs more than just control”

With its takeover offer, Unicredit narrowly missed out on gaining a majority in Commerzbank. Did Commerzbank fail in its attempt to defend itself? CEO Orlopp sees it differently.

Salzgitter: Steel company takes over HKM – 2,000 jobs will be lost

The 2,000 jobs are expected to be eliminated by the end of 2028. An alternative to job cuts would have been to close the factory.

The 10K AI Blunder !!!!!!!

Ran a small-cap industrial supplier's 10-Q through AI before earnings instead of reading it myself. Asked about their debt maturity schedule. Got a clean answer: current portion manageable, nothing due soon. Held the position. Two months later, stock dropped 40% on a liquidity crunch. Reread the filing myself. Page 61, a table with several debt tranches stacked by maturity date. The AI had read down the wrong column, pulled a later date instead of the one actually due that quarter. Not a halluci

AI chips: Meta starts production of new AI chip

Meta will bring its AI chip “Iris” into production in September. The company wants to become more independent of Nvidia and invest billions in AI data centers.

Auto industry: Struggle over VW savings plans - nationwide protests

VW wants to save even more, the supervisory board is discussing possible plant closures and job cuts. IG Metall is countering this with nationwide campaigns.

China aims to revive physical stores, make them ‘immersive’, as shield against e-commerce

With retail sales growth cooling in May to the slowest pace since December 2022 and persistent weakness in big-ticket items extending through last month, Beijing has stepped in to reinvigorate bricks-and-mortar operators facing intense price competition from e-commerce platforms. The Ministry of Commerce, together with eight other relevant authorities, on Thursday released guidelines to accelerate the innovative development of the retail sector. The document charts out a path for differentiated.

US-China AI war boils down to a contest over electricity

The proliferation of artificial intelligence models and the increasing parity in their performance suggest they are becoming a commodity. Soon, AI services will be priced by cost rather than the uniqueness of their model. With electricity the main cost of the services, the AI war between China and the United States is turning into a straightforward contest over electricity output and price. Open-source AI models are sprouting up like bamboo shoots in China. The American AI community has argued..

Ukraine Hits Two Russian Fuel Tankers as Moscow's Fuel Crisis Deepens

Ukraine hit two fuel tankers overnight offshore Russia’s southern coast in an expanding campaign to deepen the fuel crisis in Russia. The two tankers were hit in Taganrog Bay, the northeastern arm of the Sea of Azov in the southern Russian Rostov region. Yury Slyusar, the governor of the region of Rostov, posted on Telegram early on Thursday that two tankers were hit in the Taganrog Bay. The vessels suffered “mechanical damage” and caught fire, while no injuries or casualties were reported by th

Artificial Intelligence: Monopoly Commission: German industry misses AI transformation

The Monopolies Commission attests that German companies are dangerously slow to introduce artificial intelligence. The advisory committee is demanding less regulation from the state.

There’s promise — and pitfalls — in the Army’s low-cost interceptor plan, experts say

Two analysts and a former defense official praised the Army’s new LCI program, while also pointing to concerns over production bottlenecks, budget constraints and testing procedures.

Verdict on unlimited tariffs: Can mobile phone providers unilaterally terminate the contract at any time?

Isn't it the principle of contracts that they apply to both parties? No, said a mobile phone provider when canceling tariffs with unlimited data volume. Now there is an OLG ruling.

went 30% cash on tuesday when iran escalated,now i am questioning every decision I made.

I made what felt like a sensible call tuesday evening, moved 30% of my portfolio to cash when I saw US iran strikes breaking and felt validated on wed when the fow dropped 576 points and oil spiked 5%. Well today futures are mixed,the selloff seems to be stabilizing and energy and defense rotation is continuing but the broader panic appears to be cooling and alsoo pepsico is reporting Q2 earnings before the open this morning ( a stock I trimmed tues thats down 16% from highs) The exit was clean

Oil: Traffic in the Strait of Hormuz comes to a virtual standstill - oil prices rise

Before Iran attacked two tankers in the strait, the oil market had begun to recover. The development has now reversed. What could move the price now.

Scalable multiple reference accounts

Hello everyone, my bank account A is deposited with SC. My original bank account B is also shown in the overview. However, account A is active. If I transfer an amount from B, will it be rejected? Does the money always have to come from the actively deposited reference account? I have 2 bank details and sometimes switch back and forth. Thank you! submitted by /u/Vegetable-Map7801 [link] [comments]

Authorities investigate suspected fuel leak from cargo plane at Hong Kong airport

Authorities are investigating a suspected fuel leak from a cargo aircraft at Hong Kong airport that prompted an emergency response from police and firefighters, the South China Morning Post has learned. A source said the airport control centre alerted police to a fuel leak from a Boeing 747 cargo aircraft operating flight CV531 at around 8.32am on Thursday, later confirmed to be from the aircraft’s left wing. “The aircraft was parked outside the Cathay Pacific Cargo Terminal at that time,” a...

Billion dollar deal: Deutz wants to buy arms manufacturer FFG

The oldest engine manufacturer in the world has long wanted to emancipate itself from pure combustion engines. Now the Cologne company is taking a big step.

China automakers shift gears to exports as domestic demand weakens

Taiwan's exports rise nearly 50% in first half as Lai builds 'AI island'

Klingbeil's tax reform: With just 3,000 euros gross, employees become losers

Finance Minister Lars Klingbeil promised to relieve the burden on small and medium incomes. But calculations for the F.A.Z. show: This will only happen next year. In 2028, the net will decrease for many compared to today.

Trump says Iran called to make a deal after U.S. strikes; adds it's unclear if war is back on

When asked whether the U.S. and Iran are returning to a full-scale military conflict, Trump responded: "I don't know."

Why AI race with US is a ‘knockout game’ China cannot afford to lose

China must fundamentally overhaul its innovation ecosystem or risk losing its technological sovereignty and national security in an existential AI “knockout game” with the US, an academic based in Chinese tech hub Shenzhen has warned. Huang Ping, assistant dean of the Chinese University of Hong Kong (Shenzhen)’s school of public policy, said the country must strongly back open-source artificial intelligence (AI) to counter costly, closed-source American models and their market dominance. China..

Major drugmaker loses $27 billion in market value after failed trial

Two companies announced on Thursday that the heart disease drug they had been developing failed its Phase III trial.