Finance news

German economy: Ifo lowers forecast for 2027 - economy between consequences of war and fiscal package

The Iran war is weakening the economy. Two economic institutes forecast lower growth for 2027. The background.

My two sons will inherit a $30,000 annuity from their grandmother. What should I do with the money?

“My understanding is that they have five years to withdraw the money.”

Iran conflict: First signs of normalization of shipping traffic in Hormuz

If the USA and Iran have their way, shipping traffic in the Strait of Hormuz should be back to normal in a month. However, a German freight forwarder believes that this will not happen so quickly.

Artificial intelligence: Germany is getting an AI Security Institute – now it has to be designed properly

Having your own AI security institute is a double opportunity for Germany, for its security and for its economy. What is important when building?

Tokyo Electron chief sees edge despite China's chip self-sufficiency drive

Taiwan's refusal to accept China's rule isn't a 'provocation,' Lai says

Philippines central bank hike rates to contain inflation

Nikkei closes above 70,000 and KOSPI eclipses 9,000 for first time

AI boosts Samsung but batters IT jobs

OpenAI to launch ChatGPT advertising service targeting users in Japan

Change your parents' portfolio or let expensive funds run?

Hi everyone, I would like your opinion on a topic that concerns my parents. My parents are both retired and recently gave me bank powers of attorney for their accounts. I've now gone through their portfolio in peace and basically my parents only have products at Union Invest: UniRak (+49%) UniFavorit: Stocks (+178%) UniSector: HighTech A (+183%) UniESG Stocks Global (+114%) Private Fund: Controlled per (+74%) UniESG Stocks Global (+112%) UniFavorit: Stocks -ne

Neocloud capex cycle: $60B+ Microsoft GPU commitment, Lambda 320MW - what the secondary market is absorbing

Data center infrastructure has been the best-performing real estate sub-sector for the past decade. JLL tracked $73B in global transactions in 2025, up from a prior record of $48B. Hyperscaler capex Microsoft, Google, Amazon, Meta combined is running $280-290B this year. The AI compute buildout is the largest infrastructure investment cycle since the interstate highway system. And there is basically no way for an individual investor or small family office to get direct exposure to it. The public

Current oil price: Oil prices are falling despite tensions in the Persian Gulf

Oil prices continue to fall. The Strait of Hormuz is to be reopened quickly following the US-Iran agreement. Latest news in the oil price news blog.

Mum sues Japanese authorities after 16-year-old dies from ‘hostage justice’ trauma

The mother of a 16-year-old girl who died from emaciation following lengthy detention and menacing interrogations by Japanese authorities is seeking compensation, in the latest “hostage justice” case. The lawsuit, filed with western Japan’s Kobe district court on Wednesday, argues that the girl’s 18-day ordeal at a jail traumatised her so much that five months after her release, she weighed just 20kg (44lbs) – and died in December. “My daughter was unrecognisable when she died,” the mother of...

Hong Kong to use 21 indicators to define poor after dropping income metric

Hong Kong will measure the size of its poor using a new 21-indicator framework, abandoning the previous income-based metric said to have overestimated the number of underprivileged people by ignoring billions of dollars spent on public housing and healthcare. In a 224-page report released on Thursday, the government also raised the concept of “social transfer values” for the first time, referring to how much income a family effectively gains by not having to pay full price for public...

More in Taiwan favour goodwill to Beijing over defence ties with US, poll shows

Taiwanese value showing goodwill to the mainland more than deepening cooperation with the United States, according to a survey conducted soon after US President Donald Trump visited Beijing last month. The survey, published by the government-funded Institute for National Defence and Security Research in Taipei on Tuesday, polled 1,127 Taiwanese residents from May 28 to 31. Asked about the most important approach to safeguarding the island’s security and peace across the strait, 44.9 per cent of.

Business ticker: VW supervisory board member Susanne Wiegand quits

VW boss Blume: 28,000 voluntary resignations have been agreed +++ Apple is planning price increases for its products +++ Bosch pays a million-dollar fine in the USA +++ News in the company's live blog.

Ex-Renk boss: Susanne Wiegand leaves Volkswagen's supervisory board

Former Renk manager Susanne Wiegand is leaving Volkswagen's supervisory board after just one year - shortly before re-election.

Russo-Ukrainian War: Moscow experiences one of the harshest attacks since the start of the war

Ukraine attacks the Russian capital with almost 200 drones. A large refinery catches fire - and the Russian air defense once again appears helpless.

Chemicals: Evonik is cutting over 2,000 jobs in Germany

The chemical company is repositioning itself and getting out of the polyester business. Now Evonik wants to cut even more jobs – the majority of them in Germany.

Fiscal policy: Ifo Institute slightly raises growth expectations

The German economy is caught in the longest phase of stagnation since 1949. This year the outlook has brightened slightly with the hoped-for end to the war in Iran.

NATO: Hegseth announces review of US troop presence in Europe

The US Secretary of Defense is increasing the pressure on NATO partners in Europe. At a meeting in Brussels, he also made serious allegations regarding the Iran war.

Refinery Hit as Ukraine Pounds Moscow

Russia's capital faced a record air attack overnight, with drones reaching the Moscow Oil Refinery, disrupting airport operations and forcing closure of several major roads in and around the city.

Intel rises 9% after Trump says company will partner with Apple on U.S. chip design

The boost continues Intel's recent rally as the chipmaker bounces back from years of headwinds.

EU Commissioner on Iran: “Without an agreement, airlines would have run out of kerosene at the end of the summer”

The situation remains serious, warns Energy Commissioner Jørgensen after the agreement on the Iran war. A new electrification target is intended to free the EU from dependence on oil and gas.

Hospitality industry: Restaurants remain in crisis despite tax cuts

Sales in the hospitality industry continued to stagnate in April. Despite reduced VAT, restaurants and hotels remain far behind the previous year's level.

Hong Kong court jails man for 14 years over ‘evil’ bomb plot

A Hong Kong court has jailed a man for 14 years for his role in an “evil” bomb plot against the authorities during and after the 2019 anti-government protests. The High Court on Thursday convicted Cheung Lai-ming of four charges after he pleaded guilty to making explosives at his public rental flat in Wong Tai Sin, with a view to carrying out attacks between August 2019 and May 2022. The 35-year-old programmer also admitted keeping more than 20kg (44lbs) of chemicals capable of making explosives

Car costs: Only 3 cents more expensive: diesel almost at pre-war levels

Gasoline is also becoming cheaper. However, the comparison is not entirely fair, and the ADAC still considers the prices to be significantly too high.

SpaceX shares hold steady after three-day rally loses steam

Investor bullishness showed signs of waning on Wednesday, as shares sank 5%.

Eskom Reports Sustained Improvements in Grid Reliability

The South African state-owned utility continues to register improvements in electricity supply reliability as winter demand escalates, reporting nearly 400 consecutive days without power interruptions from mid-May.