Finance news

NATO summit: “Absolutely necessary” – Rutte defends new US attacks on Iran

At the NATO summit in Ankara, the European member states want to convince US President Donald Trump of the sense of the military alliance. However, the meeting is overshadowed by new tensions over Greenland and Iran.

NATO summit in Ankara: They couldn't prevent the Trump show

The NATO partners wanted to tame US President Trump in Ankara. The dream shattered within hours. The Iran war is escalating, Trump is raging against Spain. Was everything in vain?

Do Singapore ministers watch films? Parliament joke raises hackles amid dialect debate

A Singapore minister’s quip in parliament that top officials had no time to go to the cinema has drawn heated public discussion, with some in the local arts scene saying the comment risked downplaying the importance of the cultural sector. Acting Minister for Culture, Community and Youth David Neo was responding to questions in parliament on Tuesday about the administration’s stance on Chinese dialects in films, when he joked in Mandarin: “First of all, ministers don’t have time to watch...

Place your bets: Polymarket wades into Malaysia’s Johor poll

Days before Johor state heads to the polls, gamblers on the crypto-powered betting exchange that emerged as a barometer of political sentiment during the last US election have already called it. On Polymarket, bettors have priced Barisan Nasional (BN) as an overwhelming favourite to retain control of Malaysia’s southern gateway to Singapore. As of Wednesday afternoon, the coalition stood at a 92.8 per cent chance of winning the most seats in Saturday’s vote – dwarfing Prime Minister Anwar...

Iran war: ECB – Euro countries should not reduce capital buffers for banks

The European Central Bank warned that there is still uncertainty regarding developments in the Middle East. Artificial intelligence could further increase market adjustments.

Auto industry: Before VW supervisory board - industry association sees need for reform

VW discusses cuts while employees protest. What VDA President Müller says about location problems and job cuts.

Indonesia-India BrahMos deal buys Jakarta conflict insurance

Indonesia has become the third Southeast Asian nation – after Vietnam and the Philippines – to buy the BrahMos supersonic cruise missile system jointly developed by India and Russia. Analysts say the missiles will play a vital role in protecting Indonesia’s strategic waterways from becoming collateral damage in the event of a future great-power conflict. The deal was signed on Tuesday during Indian Prime Minister Narendra Modi’s three-day state visit to Indonesia, during which he held bilateral.

Car manufacturer: Slump in China weighs on Mercedes – sales continue to fall in the first half of the year

Growth in the USA and Europe - but the car manufacturer cannot compensate for the massive decline in China. However, the development of electric models gives Mercedes hope.

Bahrain and Kuwait Restore Power After Iranian Attacks

Kuwait and Bahrain have started to restore power to residential areas following Iranian strikes on the two Gulf nations in retaliation for U.S. strikes on Iran in the latest conflagration in the Middle East that threatens to unravel the fragile truce. The fresh escalation of tensions also threatens the memorandum of understanding under which the U.S. and Iran committed to negotiations for a peace deal by the end of August, Iran to reopen the Strait of Hormuz, and the U.S. to lift its blockade in

OpenAI secures U.S. regulatory green light for GPT-5.6 rollout, Axios report says

In the future, health insurance companies will no longer have to provide information about cost increases

A change in the GKV reform, which is to be decided on Friday, stipulates that the health insurance companies' obligation to inform their members should no longer apply if they increase additional contributions. Let me put it this way: This law was originally intended to stabilize contributions. And that's why you're now making provisional measures so that people don't notice if it doesn't work? They probably want to avoid the collective outcry on December 31, 2026. submitted by /u/alanathe

Media policy: State broadcasters in Hungary stop news programs

The new government is temporarily stopping all news programs on state broadcasters. Instead, there are films and entertainment. But the news programs should restart.

Oil prices jump by the most in two months after Trump suggests U.S.-Iran cease-fire is over

Brent crude and West Texas Intermediate contracts climbed on President Donald Trump saying dealing with Tehran is “a waste of time”

Stuttgart car manufacturer: Mercedes sells less – but a significant increase in electric cars

Another decline in sales at Mercedes-Benz. The reason for this is the lousy business in China. But there are also bright spots for the recently troubled car manufacturer.

‘I’d hate to end up with an unexpected tax bill’: I’m 73 and still work full time. Can I avoid paying taxes on my Social Security benefits?

“I’m actually earning more each week than I ever have before.”

Eni Starts Building Italian Battery Hub, Agrees Chilean Lithium Investment

Eni broke ground for a project to produce lithium-iron-phosphate batteries at the Brindisi industrial site in Italy, as well as announced an agreement to acquire a stake in a Chilean lithium project.

Singapore hospital group makes market debut as population ages

Singapore's Temasek to raise AI exposure 2.5-fold over 5 years

Deutsche Bahn: Another app and AI bot – Bahn promises better information

Stress on the platform? The railway promises: In the future, information about track changes will land on your cell phone in seconds - thanks to 50 million euros for AI, among other things.

SambaNova hits $11 billion valuation as investors back Nvidia chip challengers

SambaNova is valued at $11 billion after fresh financing led by General Atlantic, as AI chip startups look to challenge Nvidia.

Middle East war: USA launches new wave of attacks against Iran

US Central Command says it has attacked more than 80 Iranian targets. Washington also revoked Tehran's important license to sell oil. Qatar previously blamed Iran for attacks in the Strait of Hormuz.

Trump doubles down on push for control over Greenland as Denmark vows to defend it

U.S. President Donald Trump on Wednesday said the U.S. needs to control Greenland “for the protection of the world."

Dakota Johnson quickly sells $6 million midcentury modern home in L.A.

“Fifty Shades” star Dakota Johnson has officially sold her stunning Los Angeles home for just a few dollars under her $6 million asking price—just days after putting it on the market.

Car manufacturer: Slump in China weighs on Mercedes – sales continue to fall in the first half of the year

Growth in the USA and Europe - but the Stuttgart car manufacturer cannot compensate for the massive decline in China. Mercedes deliveries continue to shrink.

The WirtschaftsWoche quiz: Test your economic knowledge – seven current questions

Ask yourself the questions of the week every Wednesday. A little tip: You can find all the answers on wiwo.de. Test your knowledge now!

Trump says he doesn't want anything to do with Spain: 'Cut off all trade'

U.S. President Donald Trump slammed Spain for not contributing enough to NATO, as he attended the defense alliance summit in Turkey.

Gen Z underestimates impact of social media on loneliness, Hong Kong poll finds

Members of Hong Kong’s Generation Z tend to underestimate the negative impact of social media on their mental health and those who frequently use the online platforms are lonelier than those who do not, a survey has found. The Hong Kong Christian Service (HKCS) polled 572 young people aged 11 to 24 between September to December last year to better understanding the relationship between their use of social media and their level of isolation. About 54 per cent of respondents were junior secondary.

After selling her $5 million Westchester home, Drew Barrymore shows off her RV

Drew Barrymore is going back to basics for her summer getaway this year—revealing that she is ready to take an adventure in an RV.

Alibaba just had its best day in 10 months. Is it time for China techs to catch up?

Alibaba on Wednesday saw its best single share-price gain in 10 months, as the broader Chinese tech sector revved higher after missing the rally propelling U.S., Korean and Taiwanese companies.

Electricity costs: EU approves expanded electricity aid for German industry

Energy-intensive companies receive additional relief on electricity costs. The measures would strengthen companies that compete internationally.