Finance news

The last HAL boss in an interview: Hauck Aufhäuser Lamp disappears in ABN Amro

In an interview with the F.A.Z. explains the last CEO of the traditional private bank what HAL has done better than Deutsche Bank and Commerzbank since the financial crisis. And that he doesn't hold bonds for fear of a national debt collapse.

Before the EU summit: How the EU wants to protect itself from China's export power

If Europe wants to survive against China, it must protect its industry. The EU leaders agree on this. Several options are on the table.

Agreement: The USA and Iran want to agree on these 14 points

Iran and the USA want to reach peace with an agreement. A first draft shows in which points the Islamic Republic is likely to have prevailed.

Iran War: Framework agreement in the Iran War is in place – what happens now

On Trump's 80th birthday, the US President and Iran announced the agreement on a framework agreement to end the war. What happens next – and why peace could fail.

JPMorganChase Center for Geopolitics: "Beyond the Benchmarks: A Systemic View of U.S.-China AI Competition"

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Power nap: Better mood through an afternoon nap?

In a bad mood and unmotivated? Some people then swear by a little mental reset: the afternoon nap. But does that really do anything?

Middle East: USA and Iran agree to end war – Trump: “Ships of the world, start your engines”

The two countries plan to sign an agreement on Friday. Further negotiations will then follow. Oil prices are falling and stock markets are reacting with price jumps.

Artificial intelligence: How we should train in the age of intelligent machines

It seems like all knowledge is now available at the touch of a button. Appearances are deceiving. A plea for plural studies.

Watchdog gets to grips with Hong Kong claw machines after 760% rise in complaints

Complaints against Hong Kong claw machine operators have skyrocketed by more than 760 per cent over the past three years, driven by anger over misleading displays, rigged settings and poor-quality prizes, the city’s consumer watchdog has said. Figures shared by the Consumer Council on Monday showed that the number of reported grievances involving claw machines had gone from 16 in 2023 to 49 in 2024, before surging to 138 last year. The watchdog also highlighted a case involving a complainant who

SpaceX: To the moon for investors or a bumpy ride? Here's what experts say

If the first day's share price is anything to go by, investors are still very optimistic on the stock.

Miss Hong Kong stirs Cantonese debate, China cuts degrees in AI push: 5 weekend reads you missed

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 5. How to say ‘tomato sauce’ in Cantonese? Miss Hong Kong hopeful sparks debate 2. Chinese team flags life-threatening weakness in Nasa’s Artemis programme 3. Hong Kong intern doctor released on bail, returns to hospital amid police probe 4. China’s universities cut 12,000 ‘obsolete’ degrees amid...

Starbucks’ South Korean staff to receive history lesson after ‘Tank Day’ blunder

Starbucks stores across South Korea will close for half a day next week for staff to attend a history lesson following a promotional campaign gone awry, the coffee giant said on Monday. Starbucks Korea, with more than 2,000 stores nationwide, found itself embroiled in public uproar last month when it ran a “Tank Day” promotion evoking a deadly military crackdown on a 1980 pro-democracy uprising. The day of the reusable cup promotion – May 18 – coincided with the 46th anniversary of the Gwangju..

Defense industry: “That’s actually in the interests of the taxpayer”

There is no lack of money. Nor in self-confidence. And yet the arms industry is still ramping up - which is why its representatives are calling for a rethink before the Eurosatory arms trade fair.

+++ Football World Cup 2026 +++: “German avalanche”: That’s what the international press writes about the 7:1

DFB-Elf wins World Cup opener against Curaçao +++ Netherlands only draw at the start +++ Ivory Coast wins against Ecuador +++ The World Cup news blog.

Agreement signed: Agreement with Iran: easing of tensions for the economy in sight

The start of the Iran war at the end of February was just the latest bad news for the German economy, which had been stagnating for years. Could an end to the war be followed by an upswing?

Viral video of Indonesian helper being beaten in Malaysia prompts calls to act

Four people have been arrested in Malaysia’s southern state of Johor after videos circulating online appeared to show an Indonesian domestic worker being slapped, punched and verbally abused inside a private home. The footage has renewed concerns about the treatment of Indonesian helpers in Malaysia – where about 60,000 are registered to work in private homes – and prompted calls for Jakarta to intervene. Two sisters and their husbands, aged 30 to 34, were arrested at a house in Taman Johor,...

Strait of Hormuz still eerily quiet as doubts remain over ‘fragile’ peace deal

The Strait of Hormuz was still largely devoid of shipping traffic in the hours following the announcement of a US-Iran peace deal, as analysts warned it remained uncertain how and when normal operations along the waterway would be restored. The only vessel moving in the strait on Monday morning was broadcasting its status as a patrol ship, according to data from vessel tracking platform MarineTraffic, as hundreds of commercial ships remained stranded in the region. The United States and Iran...

+++ Ukraine War +++: Russian attacks on Kyiv – famous cave monastery burns

Zelensky and Trump have a phone call +++ Two bridges to Crimea damaged in drone attack +++ Trump offers Putin mediation in the Ukraine war +++ The news blog.

Morning Briefing: Europe in Trump's hands - but it doesn't have an answer

Behind the export ban on Anthropic's latest AI model there could be a simple security problem - or a longer-term strategy. Both would be bad for Europe.

Thousands evacuate in Philippines as Mount Pinatubo erupts in 1991 – from the SCMP archive

This article was published on June 13, 1991. Thousands evacuated after massive explosion in Philippines Volcano’s plume soars 25km by Michael Bociurkiw in San Narciso Theresita Santiago and her neighbours dealt with the volcanic eruption of Mount Pinatubo in the Philippines yesterday (June 12, 1991) the only way they could: they grabbed their children and a few belongings and walked 20 kilometres to sanctuary in Olongapo City. “I’m feeling very nervous right now,” Mrs Santiago said, as her...

‘It’s our way’: Japan fans win hearts by cleaning up after World Cup match

Japan fans left the stands spotless after their World Cup opener against the Netherlands in Texas on Sunday, saying it was “Japanese culture” to tidy up after themselves. Spectators stayed behind after the 2-2 draw to make sure they left the stadium as they found it, meticulously picking up litter and stuffing it into blue plastic bags. It was a habit first learned at primary school, Japan fan Eita Tanaka said. “We have to think about everyone. Japanese people think that when we use a certain...

SoftBank surges more than 12% as Iran-U.S. peace deal sends Asia stocks soaring

Asian tech stocks surged Monday on news that Iran and the U.S. have reached a peace deal

On Trump's birthday: Framework agreement in the Iran war is in place - what happens next

On Donald Trump's 80th birthday, the US President and Iran announced the agreement on a framework agreement to end the war. What happens next - and how peace could still fail.

Data and AI-driven analysis 'the new oil' in mining, Deloitte adviser says

Myanmar's Min Aung Hlaing to visit China for diplomatic boost

Japan and South Korea stocks leap on latest US-Iran deal

From watches to sake, Japanese retailers try new tourist traps

US attack drone maker taps into Taiwan controller demand

Mizuho Bank to back Japan-South Korea firms' energy procurement projects

Alibaba weighs acquiring Pupu in quick-commerce battle with Meituan