Finance news

Health insurance companies: Countries are siding with pharmaceutical manufacturers – against the austerity law

Union Prime Ministers from Hesse, Rhineland-Palatinate and Saxony-Anhalt are demanding help for drug manufacturers. You criticize the health minister's austerity law.

Despite Trump trade rhetoric, Asian investors keep betting on U.S.: Former House Majority Leader Eric Cantor

Cantor said that investment flows still have "so much" allocation to the U.S., because investors recognise that the country was still one with a "rule of law."

Anthropic accuses Alibaba of 'largest known distillation attack' on Claude

Bangladesh turns to $80bn ADB-backed economic corridor for growth

China's 'law enforcement' in waters east of Taiwan draws pushback

Cash-strapped Chinese man requests extra rice; restaurant owner surprises him

A financially strained, unemployed man in China who ordered a set of fried rice on a food delivery platform not only received a larger portion of rice but also an apprenticeship offer from the restaurant. The young man, surnamed Wan, shared his experience on social media in mid-June, with the video attracting 40 million views and nearly four million likes as internet users praised the restaurant owner’s kindness. Living in Wuxi, in eastern Jiangsu province, Wan placed an order for the fried rice

Woman in Singapore goes undercover to expose ex-boyfriend in porn group, gets him jailed

A man in Singapore posed as his ex-girlfriend and shared her nude photos in a sex chat group with a religious theme, but was exposed when the victim caught wind of it and went undercover to investigate. The victim, who was a teenager when she shared the photos with the culprit, was horrified to discover that the chat group contained many obscene images and videos of women clad in religious garb, including the tudung (headscarf). She filed a police report. Abdul Marzuq Waliyuddin Abdul Majid, a..

China-Japan flights drop 57% for summer travel peak amid geopolitical tensions

The number of China-Japan flights scheduled by airlines for the upcoming summer travel period – the peak months of July and August – has dropped by 57 per cent versus a year ago following a political flap and a price hike in Japanese visas, according to industry data. A total of 2,629 round-trip flights were expected next month between the two Asian countries, down from 6,317 in July last year. In August, 2,641 were scheduled, a drop from the 6,127 flown in August 2025, data compiled by British.

Is EV battery technology nearing an inflection point? CATL boss expresses doubts

Robin Zeng Yuqun, head of the world’s largest electric vehicle (EV) battery maker, has played down expectations for the much-hyped solid-state battery technology, predicting an inflection point would not take place until 2030. The founder and chairman of Contemporary Amperex Technology Ltd (CATL) also warned on Tuesday that commercial viability of the next-generation batteries was yet to be established. “Based on a measure of level one to nine, the technology has only reached level four so far,”

Is Prabowo’s Trump moment a sign that China is losing its favourite partner?

Last October, at a Gaza peace summit in Egypt, Indonesian President Prabowo Subianto leaned towards his US counterpart Donald Trump and asked, “Can I meet Eric?” Prabowo was referring to the American president’s son. Trump responded warmly in the exchange that was picked up on a hot microphone. “I’ll have Eric call. He’s such a good boy.” Eric and his brother Donald Trump Jnr both serve as executive vice-presidents of the Trump Organisation, which has already built its first golf club in...

+++ USA +++: Trump praises NATO chief before summit: “great leader”

Trump promises Türkiye F-35 fighter jets +++ Mamdani allies win at least two Democratic primaries +++ Trump and Meloni settle in the photo dispute +++ The news blog.

AI company: Anthropic accuses Chinese company of copying attack

The Chinese tech company Alibaba tried to use AI to intercept the Anthropic software. The allegations exacerbate several political conflicts in Washington.

Business ticker: Anthropic accuses Alibaba of a large-scale copy attack

Allegedly 29 million unauthorized accesses +++ Oil prices fall to their lowest level since the start of the Iran war +++ Rheinmetall share price falls by 17 percent +++ Ifo index increases after Iran agreement +++ News in the company live blog.

Trump casts doubt on US striking Iran school on war’s first day

US President Donald Trump said on Wednesday it may never be known who was at fault for a deadly strike on a girls’ school in Iran on February 28, the first day of the Iran war, that killed scores of children. Reuters first reported in March that an initial internal US military investigation showed US forces were likely responsible for the fatal strike in Minab in southern Iran. The Pentagon has since elevated the probe but it has not acknowledged any preliminary findings. “I don’t know that they

Heat wave: Bahn offers free cancellation for hot days

If you don't want to travel in the expected heat, you can cancel long-distance tickets free of charge until June 30th. The DB is offering a special heat relief for the first time.

Natural Gas Prices Set to Ease as Qatar Restores LNG Output

Natural gas markets are on course to return to balance in the third quarter of the year as the Strait of Hormuz reopens, the head of the Gas Exporting Countries Forum has said. “If we assume that the Strait (of Hormuz) is now open and will remain open, our view is actually that in the course of this next quarter we will begin to see some re-stabilization in the market,” Philip Mshelbila said at the Reuters Global Energy Forum, as quoted by the publication. The GECF groups producer countries acco

Trump pledges rapid U.S. response for Venezuela after historic earthquakes kill dozens

The swift U.S. offer of assistance reflects a degree of diplomatic realignment between the Trump administration and the Venezuelan interim government.

Volkswagen: VW sells engine subsidiary Everllence for 7.4 billion euros

The US financial investor Bain Capital is taking over the heavy diesel engine division of Volkswagen AG. What's behind the Everllence deal.

What Keir Starmers' resignation means for European security

British Prime Minister Keir Starmer was widely known for his support of Ukraine and his efforts towards a new EU–UK defense partnership. What will happen to those policies now that Starmer has announced his resignation? submitted by /u/Any-Original-6113 [link] [comments]

Volkswagen subsidiary: Everllence is sold to financial investor Bain for 7.4 billion euros

A buyer has been found for the engine manufacturer: the US investment company Bain has prevailed in the competitive auction process. The Handelsblatt reported exclusively.

John Lee to begin public consultation on term’s final policy address on Monday

Hong Kong’s leader has announced that a public consultation for the final policy address of his term will begin on Monday, with the exercise also set to gauge views on the city’s first five-year plan. Chief Executive John Lee Ka-chiu said on Thursday, after meeting tertiary education leaders to discuss the plan, that consultation for the final policy address of his five-year term would start next week. “The consultation will collect opinions on both the five-year plan and the policy address,...

Oil: Oil price reaches pre-war level of just over $70

Oil prices have fallen by almost $30 since the announcement of a deal between Iran and the US. Experts warn that it could take some time for the market to stabilize.

Stay fresh in the heat: up to 72 hours of deodorant protection? “Eco-Test” lacks good evidence

Noticeably fresher armpits for 24, 48 or even 72 hours: deodorant manufacturers outdo each other with promises. The magazine “Öko-Test” wanted to know: What’s going on?

Repentant protesters will be given priority case review, minister says

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Protesters arrested during Hong Kong’s 2019 social unrest will be given priority for case reviews if they demonstrate remorse and a sense of national identity, the security chief has revealed, even as investigations continue. In an interview with the SCMP, Secretary for Security...

Anthropic's latest hiring spree reveals where it's building AI data centers next

The AI lab is hiring for AI data center roles in Australia and Japan as it rushes to expand compute capacity overseas.

Artificial intelligence: Investor becomes co-head of Langdock – “I believe it will be the largest AI company in Europe”

Judith Dada was one of the first investors in the rapidly growing start-up from Berlin. Now she switches sides.

Popular video game: Pre-orders for next “GTA” game started

There is hardly a video game that fans are as excited about as Grand Theft Auto VI. After delays, you can pre-order it from June 25th. This means that it will probably be released in November.

Morning Briefing: The Palla misunderstanding at Deutsche Bahn

The major breakdown with nationwide train standstill shows that the railway company is even more ailing than the boss already says. What if more and more money is the wrong way for the company?

Start-ups: Most successful founders studied at these universities

Munich, Zurich or Vallendar? A study shows where founders studied, whose start-ups collect a particularly large amount of money and are active for a long time.

Malaysian doctor in Australia remanded over 33 child sex offence charges

A Malaysian paediatrician based in Perth has been remanded on 33 charges of child sexual offences and possession of child exploitation material, widening a case that Australian prosecutors say involves multiple children. The case adds to a list of child sex-related prosecutions involving Malaysian medical practitioners overseas, including a child psychiatrist jailed in Ireland in 2024, and another doctor convicted in Australia last year. Saw Chia Liang, 41, remains in custody after his latest...