Finance news

The US town, the Chinese company and the bankrupting battle over a battery plant

Less than three years ago, residents of a small rural township in the US state of Michigan packed a community hall to celebrate what many saw as a victory for local democracy over a Chinese-headquartered battery manufacturer. The residents of Green Charter Township prayed, cheered and congratulated one another for overturning a town board that had supported Gotion’s proposed US$2.36 billion electric vehicle battery project. As the new board quickly rescinded the Gotion plan, the residents...

Business ticker: Ubisoft co-founder dies in plane crash

Michael O'Leary remains Ryanair boss +++ Industrialist Stronach sentenced +++ Schaeffler is building combat drones with a French partner +++ News in the company's live blog.

Reactions: DIW boss believes pension proposals are not sufficient

The top economist does not expect that the plans now known will actually stabilize pensions in the long term. Above all, the issues of poverty in old age and the burden on young people remained unresolved.

Artificial intelligence: Europe's second chance - bet billions on new AI laboratories

After the chatbot boom, investors are shifting their focus to AI for pharmaceuticals, autonomous vehicles and materials research. European start-ups are surprisingly at the forefront.

Teahouse scores big as Hongkongers celebrate Father’s Day with yum cha, football

Hong Kong families cheered for Japan as it beat Tunisia 4-0 during a Sunday lunchtime broadcast of the Fifa World Cup, making for a memorable Father’s Day that combined the family tradition of yum cha with live football. The occasion highlighted the catering sector’s creative efforts to boost business, as a World Cup match coincided with a major family celebration, filling a local Cantonese teahouse to capacity. At Lin Heung Lau in Sheung Wan, thunderous applause and roars erupted when the...

For Hong Kong to succeed in AI, energy cannot be an afterthought

The artificial intelligence competition is by nature an energy competition. The conventional narrative focuses on faster chips, yet training and inference consume vast amounts of power. The harsh geographic paradox is that the regions most advanced in artificial intelligence (AI) often face the most acute power constraints. Hong Kong has emerged as a premier global AI hub. According to the Global AI Competitiveness Index, the city ranks third globally as an AI financial powerhouse. The chief...

After framework agreement: Lebanon conflict threatens to overturn the Iran deal

From today on, Tehran and Washington want to discuss a permanent end to the war, but the situation in Lebanon reduces the prospect of success. Why the conflict is so explosive.

Start-up of the week: “We support companies in measuring their emissions”

Biomethane is the green alternative to natural gas and is produced in agriculture. Agriportance facilitates manufacturing and provides buyers.

Retirement provision: three pillars and one problem for millions of future pensioners

The Pension Commission presents reform proposals. Their recommendations should help to provide Germans with broader protection. This is how it could work.

US and Iranian negotiators arrive in Swiss resort for latest round of peace talks

Top negotiators from the United States, Iran and Pakistan have arrived in Switzerland ahead of talks that aim to secure the fragile ceasefire and reach a deal on the future of Iran’s nuclear programme. The US team was led by Vice-President J.D. Vance, who arrived in Burgenstock near Lucerne, the resort hosting the talks on Sunday. He joined special envoy Steve Witkoff and Jared Kushner, President Donald Trump’s son-in-law, who were already on the ground, the Associated Press reported. Pakistani.

Great Britain: British Prime Minister Starmer apparently about to resign

Poor poll numbers and rejection from his own party: Starmer is under pressure – will the Prime Minister resign soon?

Existence Over Utopia: Why Bitcoin Has Already Collapsed, Even If People Don't Realize It

Imagine two groups of people. One group owns houses, apartments, land, vehicles, precious metals, and other forms of tangible wealth. The other group holds pieces of paper they call money. In the past, the situation was reversed: the subsequent owners of those papers held the tangible wealth, having created it through their own hard work. The latter group, however, did nothing. They only thought about how to get their hands on that wealth. So, they devised these pieces of paper, along with a sto

China cabby drives against traffic, runs red lights to rush unconscious toddler to hospital

A taxi driver in central China won widespread praise online after racing an unconscious child to the hospital, running red lights and driving against traffic. The incident unfolded in Wuhan, Hubei province, on June 5, according to the mainland media outlet Ping An Hubei. The three-year-old girl, identified by the pseudonym Yanyan, had developed a fever at home before suddenly losing consciousness. Her family called the emergency services, but were told an ambulance would take at least 20...

US China policy: Tough talk, tangled reality

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Hong Kong a ‘strategic adaptation ground’ for mainland Chinese tech giants: Paul Chan

Mainland Chinese technology giants in cutting-edge fields are increasingly treating Hong Kong as a “strategic adaptation ground” to transform themselves into global multinational enterprises, the city’s finance chief has said. Following his trip to attend a forum and visit tech companies in Shanghai and Nanjing last week, Financial Secretary Paul Chan Mo-po said on Sunday that mainland technology companies expanding into international markets had moved beyond simply exporting products. “By...

Fraud: Growing crime in online trading

More and more online shops are falling victim to customers who don't pay their bills. How they proceed and why the financial sector is also affected.

Hong Kong considers expanding priority care scheme to better flag high-risk cases

Hong Kong will consider expanding priority community care to include dementia patients and carers aged over 60 of people with severe disabilities, the city’s welfare chief has said, in a bid to better identify high-risk cases vulnerable to tragedy. Secretary for Labour and Welfare Chris Sun Yuk-han said on Sunday that authorities were actively reviewing the screening criteria used to identify high-risk elderly individuals. The move follows a tragedy in which a 70-year-old man was found hanging..

Agriculture: Farmers in the price crisis – is there a World Cup kick coming?

Farmers are currently suffering from unusually strong price fluctuations. Before Farmers' Day, the industry may see glimmers of hope in sports.

Beyond the obvious: making the poor richer instead of making the rich poorer

The left spectrum is obsessed with making the rich poorer - it would be better to help the poor to the top, as has already been done before.

New realities: Companies have to be as fast as their customers – and Germany too

Anyone who loses relevance among potential buyers is lost. That is why the private sector must be flexible. This also applies to the national economy. A column.

First the facts: Home is the best place!

The summer travel season begins. Many Germans prefer to vacation in their own country.

Colombia: Longing for the strong man at the top of the government

Colombia's citizens no longer trust a state in which violence is constantly increasing. For many, the extreme right-wing presidential candidate de la Espriella is a beacon of hope.

Real estate: Your home needs more protection

The federal government is making home ownership unattractive. This should finally be over. Otherwise social peace is in danger. A comment.

+++ Iran War +++: Seven dead in new Israeli attacks in Lebanon

Negotiations in Switzerland begin on Sunday +++ IS claims responsibility for another attack in Syria +++ Trump – USA could charge Hormuz tolls because they were “guardian angels” +++ The news blog.

Residents in 2 villages can turn houses fully into tourist sites under pilot scheme

Hong Kong residents living in the villages of Ho Sheung Heung and Yin Kong in Sheung Shui will be allowed to convert their entire houses into restaurants, guest houses or shops without prior application under a pilot scheme aimed at boosting rural tourism. The relevant urban planning work is scheduled to begin in the third quarter this year, and the government will consider expanding the scheme to other village-type development zones depending on its effectiveness. In a policy paper submitted to

+++ Ukraine War +++: Massive Ukrainian attacks on Crimea exacerbate fuel crisis - no gasoline for private individuals

Zelenskyj sends back highest Polish order +++ Dead and injured after Russian attack on Kharkiv +++ Zaporizhzhia nuclear power plant without power supply for the 20th time +++ The news blog.

South Korea jostles with Germany for US$39 billion Canadian submarine deal

The South Korean government and defence players are making last-ditch efforts to win Canada’s next-generation submarine project worth up to 60 trillion won (US$39.14 billion), as Ottawa is expected to select a preferred bidder by the end of this month. Under the Canadian Patrol Submarine Project, the Royal Canadian Navy’s ageing fleet of four Victoria-class submarines will be replaced with 12 new 3,000-tonne diesel-electric vessels. The comprehensive contract includes long-term maintenance,...

Old-age security: age limit, civil servants, capital pillar: these are the most important recommendations of the commission

The Pension Commission's report was eagerly awaited in Berlin. The first of the 33 recommendations are now known. Handelsblatt analyzes the details.

+++ Football World Cup 2026 +++: DFB team in the knockout round of a World Cup for the first time since 2014 after a 2-1 win against Ivory Coast

“A world is collapsing for us” – Turkey is eliminated +++ Uli Hoeneß criticizes the World Cup tournament +++ Algeria protests against the game management after 0:3 +++ The World Cup news blog.

Japan vending machine operator looks to strike gold with anime fandom