Finance news

Social◇ unclassifiedgermany · europe

Tax reform does not provide for compensation for cold progression

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Banking crime: Unicredit increases its stake in Commerzbank to over 44 percent in the takeover battle

The Milan-based institute has significantly increased its stake in the Frankfurt financial institution as part of its takeover offer. This increases the pressure on everyone involved.

Beyond the obvious: Symptom treatment instead of a solution – why electricity is so expensive

In October 2023, Daniel Stelter spoke to energy economist Lion Hirth about levers to reduce electricity prices in Germany - and why the government is still ignoring them.

Food: Discounter Netto limits egg purchases to two packs

Because not enough goods are being delivered, the retail chain, which is active in northern and eastern Germany, is restricting the sale of eggs. What about other supermarkets and discounters?

◇ unclassifiedchina · asia · iran

Donald Trump declares ceasefire with Iran is ‘over’

US President Donald Trump declared Wednesday that the ceasefire with Iran was “over”, delivering a blow to Tehran just hours after the US launched fresh military strikes on the Islamic Republic. “I think it’s over,” Trump told reporters on the sidelines of the Nato summit in Ankara when asked whether the ceasefire was “done”. “I don’t want to deal with them any more.” Trump dismissed further engagement with Tehran as futile. “It’s just a waste of time dealing with them,” he said, calling the...

◇ unclassifiedusa · korea

It was the world’s hottest stock market. Now South Korea’s stock market has entered bear-market territory

The cumulative impact of several different narratives – competition, sustainability, excessive leverage, international outflows- has sapped the Korean market of its upward mobility since clocking up a record high in June.

◇ unclassifiedusa · europe · iran

NATO Secretary General defends allied contributions in US war against Iran

Mark Rutte expects allies to “reaffirm that Iran must never acquire nuclear weapons,” during meetings at the NATO Summit in Ankara today.

EU Commission: EU court dismisses Apple lawsuits against classification as “gatekeeper”.

According to the commission, the different app stores for Apple devices should be evaluated uniformly. The basis for the strict regulation is the Digital Markets Act.

◇ unclassifiedusa · europe · china

China shows snazzy clip of DF-17 missile on state TV in show of force

Experts say the broadcast answers Asia-Pacific military exercises by other countries, warning the U.S. that the weapons could cause pain in any war.

Health insurance: Dahmen announces he is going to Karlsruhe because of the GKV savings package

There are significant short-term changes to the savings law for statutory health insurance companies. The Green health expert announces legal action against the urgent procedure.

◇ unclassifiedgermany · europe · usa

Dax current: Dax is in the red - oil prices rise by more than six percent

The US has launched a new wave of air strikes following Iranian attacks. Renewed sanctions and rising oil prices are weighing on the markets. But the DAX initially reacts cautiously.

◇ unclassifiedgermany · europe · iran

+++ Iran War +++: “It’s over” – Trump declares peace plan with Iran invalid

Markets react immediately to Trump's statements +++ Iran takes initial countermeasures +++ Rutte describes US attacks on Iran as “absolutely necessary” +++ The news blog.

Singapore's Temasek hits record portfolio value, eyes more investment in AI, infrastructure and private credit

Over the course of its financial year, Temasek recorded a gain of S$49 billion and a 10.5% total shareholder return.

◇ unclassifiedusa

NATO allies put on a united front as they meet Trump

NATO chief Mark Rutte said Wednesday that the alliance was entering its "NATO 3.0" era.

◇ unclassifiedusa

+++ US customs policy +++: Trump orders trade stop against Spain – “terrible partner”

Trump threatens European states with tariffs because of digital taxes - EU rejects threat +++ EU MPs agree to implementation of US customs deal +++ The news blog.

◇ unclassifiedchina · asia · germany

Are the US’ AI models better than China’s? That may be beside the point

As another heatwave rolled across Europe, the warehouses emptied before the politics could catch up. Air conditioners and fans sold out across Spain, Italy and Germany, most of them Chinese. Fan sales in Spain alone on the retail platform of Alibaba Group Holding (which owns the South China Morning Post) nearly doubled last month while Midea Group’s air-conditioner sales in western Europe surged by over 70 per cent in the first six months of the year. A decade from now, such heatwaves may become

◇ unclassifiedmiddle-east · russia · usa

Oil and LNG Tankers Make U-Turns After Fresh Hormuz Escalation

The renewed hostilities and attacks on vessels in the Strait of Hormuz again put an abrupt end to the steady flow of oil and gas tankers moving in and out of the Persian Gulf. At least four oil and LNG tankers have made U-turns from attempts to transit the Strait of Hormuz in the past 12 hours, vessel-tracking data compiled by Reuters showed early on Wednesday. The Iranian attacks on three commercial ships on Tuesday, including an oil tanker and an LNG carrier, have prompted some shipowners and

◇ unclassifiedchina · asia · europe

Mirror star Keung To slapped with 3-month driving ban after spate of offences

Hong Kong Cantopop star Keung To has been disqualified from driving for three months after accumulating 15 demerit points for various traffic offences last year. Eastern Court on Wednesday revoked Keung’s probationary driving licence and ordered him to surrender the document within 14 days. But a lawyer representing the 27-year-old artist, who was absent from the hearing for work-related reasons, said Keung had lost his licence and reported the matter to police. Principal Magistrate David Cheung

Reforms: Greens are considering legal action against health savings package

Short-term changes, short consultation time - the Greens criticize the legislative process for one of the coalition's central reform projects and threaten consequences.

Michael Hüther: The time for regulatory sermons is over

The long-prevailing paradigm of non-discriminatory open markets no longer applies. We therefore have to answer complicated questions. A guest post.

◇ unclassifiedchina · asia · uk

Hungarian fighter jets scrambled after Cathay plane triggers Nato alert

A London-bound Cathay Pacific Airways flight failed to establish contact over Romanian airspace at one stage on Saturday, prompting Hungarian fighter jets to respond to a Nato alert and intercept the flight. Cathay Pacific said on Wednesday that the incident was under investigation. It added that the safety of the aircraft or people on board was not compromised at any point. The North Atlantic Treaty Organisation activated a “quick reaction alert” after the Airbus A350-1000 temporarily failed to

◇ unclassifiedusa · china

China warns about AI risks with Anthropic's Claude Code

China said specific versions of Claude Code posed back-door vulnerabilities that could send sensitive information to a remote server.

◇ unclassifiedgermany · europe · usa

Alliance meeting in Ankara: Rutte: USA fully supports NATO

Is the USA still a reliable ally under Donald Trump? That is the central question at the NATO summit in Turkey.

Social◇ unclassifiedgermany · europe

Repayment of family loans from non-EU countries

Since Corona, we have gotten our family in non-EU countries through a difficult time with > 100k. So every few months over several years a few k were sent via Wise from the same bank account (only wages + credit, no cash deposits) to the same recipient abroad. Now our family is doing well, fancy store, strong sales and they would like to give us the money back. So far so simple. But how does the money come back without making a big deal out of it or something like that?

Emails, calls, videos: Pension scams: How to protect yourself

Suddenly the pension insurance company requests personal information by email or telephone or even asks for payment? Why alarm bells should always ring with such inquiries.

Artificial Intelligence: OpenAI releases new AI version

After the US security clearance, OpenAI is bringing the new AI models GPT-5.6 onto the market - with variants for performance and price-conscious people.

◇ unclassifiedmiddle-east · usa · norway

Equinor Awards Contracts for Norway Tiebacks

Equinor and its partners signed contracts worth around $613 million for four tieback projects in different stages of development offshore Norway.

◇ unclassifiedgermany · europe · usa

NATO summit: Denmark to Trump: Greenland is not for sale

Second day of the NATO summit in Ankara +++ Chancellor Merz: “We delivered” +++ Rutte: USA fully supports NATO +++ The news blog.