Finance news

South Korea’s Hanwha joins with Emirati firm, aiming to build K9 Howitzer in the UAE

“The agreement is part of Hanwha Aerospace’s strategy to strengthen its position in the Middle East, where it is pursuing local production, maintenance and technology partnerships as a route to regional customers,” Hanwha said in the statement.

Armament as a growth market: Vodafone is entering the defense business

The telecommunications company wants to be more involved in armaments - and Germany plays an important role in this. Secure communication for police and emergency services or mobile communications for the US Army are said to have been just the beginning.

Iran war shock significant but unlikely to last, says Lagarde

ECB chief also warns that 'the situation remains fragile, with risks of setbacks or possibly re-escalation'

Trump candidate as favorite: scramble for the top positions of the World Food Organization

Pope Leo calls on governments to provide more support for the World Food Program. A Trump man should take over the leadership there.

Fatal shooting exposes ‘systemic failures’ in Philippine schools

A rare shooting at a public high school in the central Philippines that left three students dead and seven injured has gripped the country amid concerns over campus safety and the mental well-being of young people. Two Grade 9 students, aged 14 and 15, were arrested over the incident at the San Jose National High School in Tacloban City, Leyte province. The weapons involved were a .38 revolver and a 9mm pistol – the latter of which was traced to a police officer who was one of the suspects’...

Chinese Grid Operators Resist Plans to Boost Renewables to Power AI

Grid operators are concerned that the Chinese drive to hike the share of renewable electricity powering AI would raise the risks for power firms as peak demand at data centers is difficult to forecast. Industry analysts and officials have told Reuters that the Chinese strategic priority of having renewables power the majority of electricity demand at data centers by 2030 may not be feasible. “From what we understand, they (data centers) cannot really adjust power consumption load much,” Reuters

Multifactor as protection against scams?

Hey guys, short thesis/question: Does a multifactor ETF perhaps also make sense because it protects you somewhat from nonsense changes in normal market capitalized indices? Take SpaceX, for example: Index rules were changed or accelerated at short notice, so that a huge hype IPO can be pushed into passive products much more quickly. And if SpaceX does that, OpenAI, Anthropic & Co. will probably follow suit at some point. Then the normal ETF saver buys such valuations automatically

Deutsche Bahn: VW manager Obrowski is apparently to become the new finance chief of Deutsche Bahn

Deutsche Bahn separated from Kathrin Dohm after four months. Now VW manager Michael Obrowski is apparently set to become the new finance chief.

Survivors fear scrutiny gaps as Hong Kong fire probe declines statutory powers

An independent committee investigating Hong Kong’s deadliest fire in decades has ruled out seeking statutory powers to compel witnesses to testify, a move that has left some survivors concerned that key figures may avoid scrutiny. Committee chairman Justice David Lok Kai-hong said the panel would not ask the chief executive to convert it into a statutory commission of inquiry during the ongoing investigation into last year’s Wang Fuk Court blaze, which resumed on Monday after a six-week...

How to pick up some quick income using an auto stock hitting its stride

With broader macro uncertainties driving pocketed volatility across the automotive sector, patient options traders have an exceptional set-up to harvest high-quality premiums.

Vance hails 'great progress' in U.S.-Iran talks despite 'threatening' and 'whining'

JD Vance said U.S.-Iran talks in Switzerland made progress, with Tehran agreeing to allow IAEA inspectors back into Iran.

Old-age security: Major pension reform: “Total work of art” or fuel for a new coalition row?

The Pension Commission hopes to use a trick to make a pension reform acceptable to a majority. The chances are better than they have been for a long time. But things are already starting to rumble internally in the coalition.

Pension reform: The silent sovereign wealth fund manager

Kenfo, known as the nuclear fund, could manage parts of the pension in the future. He is performing well, but needs to adapt his strategy.

Pension reform: The silent sovereign wealth fund manager

Kenfo, known for short as the “nuclear fund”, could manage parts of the pension in the future. He is performing well, but needs to adapt his strategy.

Russia-held Crimea suspends summer camps as Ukraine strikes squeeze fuel supplies

Russian-held Crimea, a popular tourism destination, suspended children’s summer camps and tourist activities until September 1, its governor said on Monday, as the peninsula reels from a fuel crisis due to Ukrainian attacks on its supply routes. Supplies ‌of fuel and other products to Crimea have become strained as Ukraine has targeted both sea routes and supply roads from the north. The availability of petrol and diesel in Russia, the world’s third-largest oil producer, has also been undermined

Japan's Preferred Networks debuts AI priced less than half of OpenAI models

Indonesia unveils $1.48bn stimulus to fight energy crisis, currency slump

Fixed interest rate KfW loan expires

Dear people, I received mail that the fixed interest rate on our KfW loan for our semi-detached house is expiring (10 years, it couldn't be longer). To be honest, I had forgotten that because our main loan has a 20-year fixed interest rate and I was distracted by patting myself on the back about what a smart fox I was. The remaining debt for this is approximately €28,000. Now I'm considering the following options: Let the loan continue to run at the supervising bank for 4.2% (lazier option

US Federal Reserve: Once the most powerful monetary politician – Alan Greenspan is dead

He was considered an oracle, but is also associated with the financial crash of 2008: For a long time, Alan Greenspan, as head of the central bank, ruled over the interest rate policy of the world's largest economic power.

Kyiv’s drone leverage moved the US. Moscow could be next, a top Ukrainian official says.

After years of needing Western weapons, Kyiv is approaching negotiations with battlefield tech the U.S. now wants — and a possible ceasefire looming.

Pre-filled tax return with one click: Projects from several federal states

Article: https://www.faz.net/aktuell/finanzen/die-steuererklaerung-macht-sich-jetzt-von-selbst-accg-200940674.html Archive link: https://archive.ph/Re37F Excerpts: From July 1st there will be a “tax return via app with one click”. The Bavarian State Tax Office developed it, but it is available nationwide. It is integrated into the “MeinElster+” app for smartphones; this will be possible on the PC in a later expansion stage. The taxpayer must register once

Lucid to lay off roughly 18% of U.S. workforce, COO Marc Winterhoff leaves

Lucid Group is cutting its U.S. workforce by 18% as part of a cost-savings plan. It also said COO Marc Winterhoff is departing effective immediately.

Iran Gets Oil Trading Respite from US

The Treasury Department issued a temporary, 60-day license allowing Iran to sell some of its energy exports through August 21, a sweeping change after years of increasingly punitive economic sanctions.

As Europe rearms, can it decouple its military supply chains from China?

Europe’s defence industry would gradually reduce its reliance on China during the continent’s ongoing rearmament drive, rather than decouple completely, analysts said. On Wednesday, during the Group of Seven summit in Evian-les-Bains, France, the leaders of France, Germany, the UK, Italy, the US, Canada and Japan signed a declaration on securing supply chains for critical minerals. Without naming China, the leaders agreed to “significantly reduce” their dependency on a “single supplier outside..

Catapult trap made of spider silk: clever tactic: spider catapults ants into its web

An Australian spider uses a sophisticated trap to catapult ants into its web - and even surpasses other spider species in terms of catching technology.

SpaceX signs computing power deal with open-source AI startup Reflection worth up to $6.3 billion

SpaceX has turned its Colossus data center into a commercial computing power platform, landing recent deals with Anthropic, Google and Cursor.

The Phantom Peace Deal: What Washington and Tehran Are Really Playing At

There is no ‘deal’ yet between the U.S. and Iran, much less one including Israel, despite reports to the contrary. U.S. President Donald Trump and Iranian President Masoud Pezeshkian signed an initial 14-point Memorandum of Understanding (MoU), but that is nowhere near the same thing. All it does is set in motion yet another extendable 60-day negotiation window to hammer out an actual deal. And every single one of the 14 points in the MoU is up for renegotiation as far as Iran is concerned, a se

Wall Street: US stock markets are inconsistent - picture agency gains more than 100 percent

US investors continue to wait despite peace signals from Switzerland. An important indicator for US monetary policy will also be published this week.

Treasury Department authorizes Iranian oil sales through August

Iranian supertankers have switched on their transponders, after going dark during the war, as they depart the region loaded with oil.

Today: Pension: Mr. Rürup, what do you think of the reform plans?

Handelsblatt chief economist Bert Rürup evaluates the proposals for pension reform. And: How are the markets reacting to the Iran peace negotiations?