Finance news

Hong Kong needs visionaries to run Kai Tak Cruise Terminal: Rosanna Law

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. Hong Kong’s next Kai Tak Cruise Terminal operator must be “very visionary” and do far more than simply manage cruise berthing operations, the city’s tourism minister has said, revealing that prospective bidders sought extra time to work on their proposals before the government...

'I like their money': Trump threatens lawsuits against ABC for reporting on Reflecting Pool

The latest action against ABC comes as the broadcaster faces two investigations from the Federal Communications Commission.

4.3 billion euros: theft costs retailers billions - new record value

There is a lot of theft in German shops. According to a study, damage caused by theft has increased again - for the fourth time in a row.

Coalition and reforms: role model for Germany: How Sweden finances pensions

Germany should take Sweden as a role model when it comes to pensions. Employees there have been forced to invest on the capital market for a long time - how does that work?

Psychology: Involuntarily Single? What helps against loneliness

For years without a stable relationship, but you would like to have one: That can affect your mood. Which strategies help against loneliness, how to deal with dating pressure and when help is needed.

Gas stations: End of the fuel discount – when to fill it up again?

The tax relief at the pump only applies until the end of June. What did the 1.6 billion expensive measure achieve and what happens next?

Gas stations: End of the fuel discount: Better to fill it up again - but when?

The tax relief at the pump only applies until the end of June. How is the change going, what did the 1.6 billion measure achieve and what happens next?

Car test: With the Uncharted, Subaru ventures into new territory

No mean boxer engines and an all-wheel drive subscription. With the handy Uncharted, Subaru continues to break with its traditions - and at the same time lowers the hurdle for electric entry.

AI conversion: Oracle is cutting around 21,000 jobs

Oracle cites, among other things, leadership changes, product changes, strategic realignments and acquisitions as reasons for the job cuts.

Study: Theft costs retailers billions - new record value

Alcohol, coffee, razor blades: there is a lot of theft in German shops. According to a study, damage caused by theft has increased again - for the fourth time in a row.

Boos and whistles: DGB leader Fahimi: Merz's statement was cheeky

Just over a month ago, Chancellor Merz received whistles and boos during his appearance at the DGB congress. The chairwoman of the trade union federation can understand the reaction of the delegates.

How Hong Kong plans to tap popular films, historic buildings to lure tourists

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. Hong Kong will build on the popularity of the old Yau Ma Tei police station exhibition by developing more heritage attractions that combine historic buildings with cultural experiences, the tourism chief has said, identifying Haw Par Mansion as one of the city’s next major...

Leisure: The e-bike boom in Germany is slowing down – prices are falling

Nowhere in Europe is as much money made with e-bikes as in Germany. But after years of boom, the market is gradually becoming saturated. Customers benefit from discounts.

Cispa: “Security policy question of first importance”: China affair surrounding the Helmholtz Center reaches the Bundestag

The Bundestag wants to deal with the allegations against the Saarbrücken Center for Information Security. The parliament in Saarland is also demanding clarification.

Infineon: A software start-up in the chip company – can that work well?

Semiconductor manufacturer Infineon took over Industrial Analytics four years ago. The young company is now supposed to assert itself on the market independently - an experiment with an open outcome.

EU inc.: “Co-determination must not be undermined”: DGB strongly criticizes the planned company formation in 48 hours

The EU wants to create uniform rules for start-ups, but there is resistance in Germany. The DGB warns against a weakening of collective bargaining rights - others fear loopholes.

Sabine Mauderer: “Significantly more speed is needed in the energy transition”

The Vice President of the German Bundesbank fears that dependence on fossil fuels will pose a location risk for Germany and Europe. It formulates clear expectations of politics.

Is this the best, and last investment opportunity ever?

The stock market today is flooded with opportunity. Regardless of your opinion or mine, the future of our civilization is absolutely going to be driven by Artificial Intelligence, Robotics, Space Exploration/Innovation, Nuclear Energy, Biotechnology, Quantum Computing, and Digital Currency. There is no other route for humans to take. We absolutely must march forward; it is in our genetic makeup. Economically speaking, this is a make-or-break moment for a handful of countries, especially the Unit

+++ Federal politics +++: CDU/CSU – Don’t pick apart pension proposals

Left leader apologizes for fascism statement about CDU +++ Union faction for variable age limit in social media +++ Merz open to paragraph change +++ The news blog.

North Korea’s Kim says ‘defeated’ Japan transforming into a ‘war state’

North Korean leader Kim Jong-un criticised Japan as turning into a “war state”, in a speech during a three-day meeting held through Monday, official news media said on Tuesday. “Japan, a defeated country in Asia, has openly turned itself into a war state by taking the present disturbing circumstances as an opportunity to get rid of all shackles restricting its moves to become a military power,” he said, according to the Korean Central News Agency (KCNA). In the concluding speech during a meeting

China zoo offers US$15,000 annual salary for bear costume performer with strict silence clause

A recruitment advertisement from a zoo in central China seeking individuals to pose as black bears, offering an annual salary of 100,000 yuan (US$15,000), has gone viral on social media, generating a wave of humorous responses among internet users. Luohe Wildlife Zoo, located in Luohe city in Henan province, posted the job ad on June 13, looking to hire people to wear black bear costumes, roam the zoo, and interact with visitors, according to Jiupai News. It is unclear if the costumes come with.

Japan’s visa fee jump to hit Chinese tourists hardest, adding friction to tense ties

Chinese tourists are expected to be among the hardest hit by Japan’s fivefold visa fee increase, a move analysts warned could further strain already tense relations between Beijing and Tokyo. For the first time since 1978, the Japanese government has decided to raise visa fees. The cost of a single-entry visa will increase from 3,000 yen (US$18.54) to 15,000 yen, while multiple-entry visas will jump from 6,000 yen to 30,000 yen. The new policy, which will come into effect on July 1, has been...

The I Ching, Leibniz and AI: how old China-West links shaped modern science

The advent of artificial intelligence (AI) appears sudden and revolutionary, yet its origins stretch deep into history, revealing a profound and forgotten intellectual exchange between China and the West. Long before Alan Turing, Claude Shannon, or even Charles Babbage and Ada Lovelace, there was Gottfried Wilhelm Leibniz – the German polymath born exactly 380 years ago next week. Among his monumental contributions to science is the binary numeral system, which serves as the bedrock of modern...

Oil prices rise as investors continue to watch U.S.-Iran moves, Citi sees 'overhang' disappearing

Oil rises slightly early Tuesday as investors continue to assess the latest developments in the Middle East, while showing optimism the conflict may end soon.

Electromobility: High fuel prices accelerate China's lead in electric cars

Rising fuel prices are strengthening the trend towards electromobility worldwide. The effect is particularly clear in Asia, especially in China.

Competing for tourists? Then Hong Kong must be ‘bigger and better’: Rosanna Law

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. Hong Kong should focus on becoming “bigger and better”, rather than expecting neighbouring cities such as Shenzhen to “stand still”, the city’s tourism chief has said, as the government prepares its first five-year plan and seeks to raise the sector’s contribution to the...

US Marines in Okinawa receive first MADIS, NMESIS platforms

The delivery marks the service’s latest integration of modernized defenses in the increasingly contested Indo-Pacific.

Indian man jailed for molesting flight attendant on Singapore Airlines plane

A passenger on a Singapore Airlines flight molested an air stewardess, with his friends laughing in response. When the woman went to report the incident to her supervisor, the culprit followed her into the galley, stood extremely close to her and cornered her. The flight captain reported the incident and a police report was lodged, leading to the man’s arrest when he arrived at Changi Airport. Akash Tiwari, a 35-year-old Indian national, was sentenced to six months’ jail on Monday. He was also..

+++ Iran War +++: Trump criticizes European NATO partners before Rutte's visit

USA suspends sanctions against Iranian oil +++ Iran: No negotiations on nuclear program at meeting with USA +++ Several dead after explosion at gas plant in Qatar +++ The news blog.

Ukraine, Japan eye reconstruction fund with help from Hitachi, Toshiba