Finance news

Oil tanker traffic in Strait of Hormuz jumps after U.S. and Iran implement deal to open sea lane

The U.S.-Iran deal has raised questions about how the Strait of Hormuz will be governed after the toll-free period ends.

The riskiest SpaceX stock trade of all had a big first week

SpaceX's IPO did not just mint the biggest debut in market history and a trillionaire, but it also triggered a historic land grab in risky leveraged ETFs.

Taxes: Cigarettes for 11.40 euros? Tobacco tax is set to rise by 2030

The Federal Ministry of Finance has drawn up a draft for a gradual tax increase. This is supposed to plug budget holes - and protect health, they say.

Illegal gambling in Hong Kong

Dax current: Dax ends the week just below 25,000 points

The recent uncertainty surrounding the Iran war has not yet unsettled investors. Nevertheless, the DAX falls below an important mark again.

EU budget: Merz: “The numbers have to come down”

At the EU summit, Friedrich Merz is calling for a new proposal for the EU budget until 2034. The goal remains an agreement by the end of the year. The Chancellor calls the current template “unaffordable and unbalanced”.

Community budget: Struggle for new EU budget: Merz pushes for cuts

A new proposal for the next EU budget only provides for small cuts - that is far from enough for Germany. Can the schedule still be adhered to?

Diplomacy: “Completely made up”: Meloni counters Trump statement

The US President told an Italian television station that Italy's Prime Minister had "begged" him for a photo together at the G7 summit. Meloni rejected this: “Neither I nor Italy ever act as supplicants.”

EU budget: According to Merz, EU financial proposals are priceless

The Chancellor is calling for a new proposal for the EU budget from 2028. The previous financial package is not sustainable for Germany.

Savings plans: Report: Government is planning severe cuts in housing benefit

Money is tight and every ministry has to save money: this will also be noticeable for people who receive housing benefit. For some, this benefit could soon be lost.

Equinor to Boost Troll Gas Output with $412 Million Subsea Development

Equinor and its partners in the Troll gas field have decided to invest more than $400 million in a new subsea development to boost gas production from the huge Norwegian gas field in the North Sea. Equinor and its partners Petoro, Shell, TotalEnergies, and ConocoPhillips have decided to invest just over 4 billion Norwegian crowns, or $412 million, in a new subsea development that will increase gas production from the Troll field, the Norwegian energy major said on Friday. Equinor is betting on i

US stocks: $1.4 trillion: Credit-financed stock purchases have more than doubled

Investors in the US are buying more stocks on credit than ever before, data from the regulator Finra shows. Development is approaching a critical threshold.

Fund tip of the week: Last chance for investors – Huber fund closes its doors

Asset managers are becoming more cautious, and one is now closing its fund to new investors. An exciting investment for investors who like to swim against the tide.

Ukraine: EU politicians warn of more intensive Russian attacks on Europe

Russian President Putin is under increasing military and economic pressure. In Europe, there is growing concern about an escalation of the hybrid attacks that are already taking place.

Is dated brent a good long term hold instead of a normal brent crude ETF?

Tried to repost from r/oil but couldn’t, hence new post… In the last few months we all saw the disconnect with futures and the real price of oil ("dated brent"). The gap nearly reached $40 per barrel...this is bound to happen again at some point no? My wisdomtree oil ETF has not performed as well as it should have (in reality) because it only tracks brent crude futures or an index that does something similar. My brain tells me a SPOT crude oil / dated brent ETF would be far better as it wouldnt

Change in management: Bafin removes the management at Berenberg

After indications of violations by corporate management, Bafin appointed two special representatives as new bosses at Berenberg. The backgrounds.

Renewable energies: Wind farm developer PNE could bring in more than one billion euros

Insiders expect a valuation of over one billion for PNE. Morgan Stanley is testing the market for its stake.

TEPCO eyes capital tie-up with five groups, including SoftBank, KKR

Today: What Jio's mega IPO reveals about India's financial markets

It's not just the US that can do mega IPOs. The market in India is getting going after a difficult first half of the year. And: Hope for peace in the Gulf - but investors shouldn't get excited too soon.

+++ Ukraine War +++: Ukraine attacks railway bridges in Russian-occupied Crimea

Dead due to Russian shelling in Kramatorsk +++ Zelenskyj describes Ukrainian army as “NATO's second strongest army”+++ One dead in Russian attack on merchant ships +++ The news blog.

Struggling to find a job? Try looking in Nevada

The sparsely populated state known for its world-class casinos and dry climate has been a hiring hot spot.

Indonesian police smash turtle-smuggling ring in Bali, rescue 21 live animals

Authorities in Indonesia’s tourist island of Bali foiled an attempt to illegally trade 21 protected green sea turtles, police said on Friday. Bali police seized the live animals during a raid on the Pegametan coast of the island on June 10, after local residents reported suspected illegal turtle trading activity in the area, said Nanang Pri Hasmojo, head of law enforcement at the force. Police arrested a 67-year-old man identified only by his initials KS, who is suspected of storing the...

War in the Middle East: Conflict in Lebanon tests US deal with Iran

Talks between Washington and Tehran about ending the Iran war are delayed. The reason is fighting between Israel and Hezbollah in Lebanon. A new ceasefire announced is fragile.

+++ Iran War +++: Iran is not taking Hormuz fees – for now

Netanyahu calls for toughness against Hezbollah - new ceasefire agreed +++ Iran apparently invites IAEA inspectors to nuclear facilities +++ New deaths in Israeli attacks in Lebanon +++ The news blog.

Electric truck transport: Fines for truck manufacturers would be unfair

Companies like Daimler Truck are rebelling against the EU's climate protection rules. The manufacturers are right, because they are not responsible for the fact that there are so few electric trucks on the roads.

Iran Delays Permanent Peace Talks after Lebanon Clashes

Iran delayed the start of negotiations over a permanent peace deal with the US after fighting intensified in southern Lebanon.

Can Europe build its own AI heavyweights to rival the US?

With AI dominated by US firms, Europe is pushing for more independence. New partnerships, investments and startups aim to boost the continent's digital sovereignty, but challenges around funding and regulation remain.

Social Democrats: Juso leader Türmer criticizes the SPD party leadership: “Change is an option”

The SPD cannot be satisfied with the current survey results. The Juso boss names possible scenarios for chairmen Klingbeil and Bas - and explains when the revolution will occur.

Auto industry: BMW is preparing talks with the works council about cost reductions

After the profit warning due to weak Chinese business, BMW is exploring additional cost-cutting measures. Negotiations with the employee side are now underway.

Takeover struggle: Unicredit: Almost 40 percent of Commerzbank secured

Unicredit is keeping the pressure on Commerzbank high. The offer to take over all shares runs until July 3rd. According to their own information, the Italians now have almost 40 percent.