Finance news

Hotels, pubs, restaurants: Sales in the hospitality industry are stagnating

The uncertain economic situation is putting a strain on the hospitality industry in Germany. The forecast remains cautious despite the World Cup and the holidays.

Carmaker Renault teams with Thales on ‘4Troop’ military vehicle design

“France fears we might see high intensity combat on its territory and to prepare for this possibility we need to be ready,” Thales’ Marc Dehondt said.

Philippines central bank hikes rate to contain inflation

Indonesian VC executives jailed for graft over failed startup investment

Indonesia's central bank hikes rates again, totaling 1% in span of a month

Thai gym trainers restrain policeman after he shoots wife, mother-in-law

A Thai police officer who tried to flee after shooting his wife and her mother with his service weapon outside a gym was chased down and detained by two fitness trainers. Responding to reports of gunshots, officers from Nang Rong Police Station arrived at the two-storey fitness centre owned by the shooter’s wife behind Sra Ya Ma Market in Buriram province on Wednesday afternoon, according to the ThaiRath newspaper. They found the 37-year-old gym owner lying in a pool of blood with a gunshot...

#SellIndonesia vs #SellSingapore: market sell-off fuels cross-border digital feud

A sharp sell-off in Indonesian assets has taken on a political tone online, with some social media users alleging, without evidence, that Singapore stands to gain from a “Sell Indonesia” narrative around Southeast Asia’s biggest economy. The rupiah has slipped to multiple record lows and weakened about 8 per cent this year, crossing a key level and trading above 18,000 to the US dollar last week, while Jakarta’s stock market has lost about a third of its value since the start of the year. As...

Verdict in London: Ex-oil minister acquitted in corruption trial – Nigerians complain “insult”

A handbag for 25,000 pounds, private jet flights, overnight stays: former oil minister Alison-Madueke paid a lot. A London court acquits her - but a case is still open in Nigeria.

Can the US-Iran deal survive a defiant Israel and Hormuz uncertainties?

The deal between the US and Iran aims to halt the war and energy disruptions that have rattled the global economy, but observers warn the agreement is built on ground too shaky to guarantee a lasting peace. US President Donald Trump and his Iranian counterpart Masoud Pezeshkian electronically signed a long-anticipated memorandum of understanding (MOU) on Wednesday to end the US-Israel war on Iran. Trump signed it at a dinner at the Palace of Versailles, where he was joined by French President...

Piero Cipollone: Digital euro: the future of money

Two key things that need to happen before Strait of Hormuz traffic can return to prewar levels

The U.S. and Iran agreed to a framework for a peace deal that extends their cease-fire for another 60 days. Now, a series of practical steps are needed for traffic to pick back up through the shipping chokepoint.

Germany moves two ships to Djibouti, eyeing multinational Hormuz mission this summer

Germany is among a number of countries that have offered help in securing the shipping lane, but only if an Iran ceasefire deal turns out to be lasting.

Working hours: Labor Minister Bas does not want to generally relax the eight-hour day - Union criticizes the draft

Bärbel Bas has drawn up a draft for the agreed weekly working hours. This should be linked to collective agreements. The Union is already blocking itself.

Reform: Report: Constitutional doubts about the new heating law

The federal government wants to delete the “heating law” of the previous traffic light. The reform is controversial - also legally.

KI: What the Anthropic ban means for EU companies – seven answers

The USA has imposed export restrictions on Anthropic's most powerful models. Numerous accesses no longer work. How companies in Europe can react.

Volkswagen: Susanne Wiegand surprisingly resigns as VW supervisory board member

Her re-election was on the agenda, but the former Renk boss withdrew her candidacy at short notice. This comes at an inopportune time for the car company.

Mine clearance: Pistorius: Preparing possible mission in the Strait of Hormuz

According to the Defense Minister, two German ships are on their way to the Red Sea. It is a “pre-deployment” – the operation depends, among other things, on Iran’s consent, said Pistorius before the NATO meeting in Brussels.

Bank of England holds interest rates at 3.75% amid Iran war peace prospects

The Bank of England's Monetary Policy Committee voted 7-2 to keep rates on hold.

Armament: EU Commission allows federal government to invest in tank manufacturer KNDS

KNDS is currently owned by a German family and the French government. Now the German state wants to get involved. The competition authorities have no concerns about participation.

Trump hits back at critics as Iran peace deal fuels debate over U.S. concessions

The deal sees both sides commit to further talks to reach a final agreement over the next 60 days and includes a $300 billion plan for Iran's reconstruction.

Israel’s foreign minister cuts ties with top EU diplomat over ‘apartheid’ remark

Israel’s foreign minister said on Thursday that he was severing all contact with the European Union’s top diplomat Kaja Kallas over reported remarks in which she allegedly compared Israel to the apartheid regime that once ruled South Africa. Diplomatic relations between Israel and the EU have come under heavy strain since the Gaza war erupted in October 2023, as well as over violence by Israeli settlers towards Palestinians in the occupied West Bank. On Thursday, Gideon Saar accused EU foreign..

The next two weeks could be a bumpy ride for U.S. stocks. Buy any dip, this strategist says.

Citadel Securities strategist Scott Rubner says one of the most important two weeks of the year is here, and that could open buying opportunities for stocks.

Christoph M. Schmidt: “Or our prosperity will wither away”: top economist calls for sweeping reforms

In an interview, the future Leibniz President talks about the reform package, the AfD's firewall, surprising proposals for pensions and taxes - and reveals what annoys him about Germany.

Guest commentary: More salary instead of protection against dismissal: Voting rights could revolutionize the German labor market

Many employees are afraid to change jobs because they would lose security. This prevents innovation, say economists Markus Brunnermeier, Simon Jäger and Benjamin Schoefer.

Bundesbank study: Germans love their cash – and still pay digitally

In Germany, for the first time, cashless payments are more common than cash. Why many people still don't want to do without banknotes and coins.

India’s Energy Import Bill Jumps 82% Due to High Oil Prices

India’s imports of crude and LNG jumped in May from April, as arrivals of non-Middle Eastern cargoes accelerated, and the country's energy import bill soared by nearly 82% from a year earlier amid higher energy prices. India’s crude oil imports rose by 7.5%, and LNG imports jumped by 16% in May from the previous month, according to provisional data from the oil ministry compiled by Indian media. The country paid as much as $18.7 billion on oil and gas imports in May, up by 81.6% compared to the

Strait of Hormuz: Pistorius on the Hormuz mission: “We are definitely ready”

Two German Navy ships have sailed through the Suez Canal. They should be ready in the Red Sea so that they can be quickly deployed in the Strait of Hormuz.

24-hour foundation: Bielefeld can do what Berlin is just trying to do

For years, the federal government has been promising to accelerate the creation of start-ups. Success is a long time coming. People in East Westphalia no longer want to wait.

Withholding tax: How can I tax-optimize investing with dividend ETFs?

Our reader hopes that index funds with a dividend focus will provide reliable distributions. Can he reduce the resulting tax?

Russia: Ukraine attacks Moscow - important refinery in flames and airports paralyzed

Ukraine attacks the Russian capital with hundreds of drones. A major refinery burns, exacerbating Russia's fuel crisis. And planes also remain on the ground.