Finance news

Oil and gas company: Exxon promises billions in profits thanks to high oil prices

The US company Exxon is benefiting from increased oil prices and better refining margins. Investors are hoping for a strong signal for the industry.

Study: Germany benefits from US port fees against Chinese ships

New US port fees for Chinese ships hit many countries hard - but Germany can gain market share thanks to its independent fleet structure.

Toyota-backed Chinese unicorn Momenta rises in Hong Kong bourse debut

IMF sharply downgrades Cambodia economic forecasts

Gao Shanwen, economist who questioned China's GDP data, dies

South Korea's chip hub plans face tough questions over timing, demand

Why a bluefin tuna boom is slicing into livelihoods of Japanese fishermen

In May, Japanese fisherman Tadasuke Nakamura noticed he had an abnormally large haul of bluefin tuna in his set net off the Pacific coast of Hakodate, on Japan’s northern island of Hokkaido. Hundreds of the prized sushi fish crowded the net, but he had to let many of them go. Japan has an annual catch quota and if ‌Nakamura had kept the haul he would have had no quota left for the colder months when bluefin tuna are fattier, tastier and fetch a higher price. “It’s truly upsetting to have to...

Google DeepMind director Cao Liangliang makes a boomerang-return to Hong Kong

In a homecoming for Hong Kong’s artificial intelligence community, Cao Liangliang – former principal engineer and director at Google DeepMind, IEEE Fellow and architect of foundational AI systems at Google, Apple and IBM – has returned to the city after a two-decade absence. His appointment as Chair Professor of Data Science and Artificial Intelligence at Hong Kong Polytechnic University (PolyU) last week completes an intellectual boomerang trajectory that began under renowned mentor Tang...

Oil Prices Jump After Iran Attacks Commercial Vessels

Crude oil prices moved higher today, extending gains from earlier this week after the United States and Iran exchanged military strikes again, following Iran’s attacks on three vessels off the Omani coast. The United States also canceled its sanction waiver for Iranian crude in response to the flare-up. At the time of writing, Brent crude was trading at $76.58 per barrel, with West Texas Intermediate at $72.74 per barrel, on news reports that Iran had struck three vessels near Hormuz, of which o

Philippine president backs defence chief over China sanctions

Philippine President Ferdinand Marcos Jnr has broken his silence on China’s sanctions against his defence chief, in remarks seen as a closing of ranks that could complicate diplomacy between Manila and Beijing in the near term. Observers say the president’s public backing of outspoken Defence Secretary Gilberto Teodoro amounts to a “good cop, bad cop” approach that signals Manila’s resolve and may strengthen defence cooperation with its allies. Speaking to reporters in Vancouver over the...

+++ Football World Cup 2026 +++: Switzerland wins penalty thriller against Colombia – duel with Messi in the quarter-finals

Messi's negative record - two missed penalties at a World Cup +++ Blatter criticizes Infantino: "Submitted to Trump" +++ The World Cup blog.

Business ticker: OpenAI wants to release new AI models to the public

USA reinstates oil sanctions against Iran +++ Companies increase production more than expected +++ DHL raises annual forecast +++ News in the company live blog.

Start-up of the week: How much electricity does the sun provide?

Nuno Labs wants to use sensors to predict the production of solar parks. What does investor Nico Rosberg think of the idea of ​​the Munich start-up?

+++ Iran War +++: Rutte: US attacks on Iran “absolutely necessary”

Iran threatens to counterattack after US attacks +++ Missile alarm in Kuwait and Bahrain after US attacks against Iran +++ Iran condemns renewed US sanctions against oil sales +++ The news blog.

VW Group: Wolfsburg before the showdown

VW savings program: key figures for the future of Volkswagen

Jump in profits: Exxon promises billions in profits thanks to high oil prices

The oil and gas company Exxon is benefiting from increased oil prices and better refining margins. Investors are hoping for a strong signal for the industry.

CNBC Daily Open: Dispatch from NATO, U.S. strikes Iran and Le Pen is back

Tensions between the U.S. and its allies heat up at the NATO Summit, while a fresh wave of stikes threatens the ceasefire in Iran.

Tax office recommends “Sparkassen Depot”

My tax office recommends that I call my trusted savings bank person about a Deka(?) deposit for retirement provision, her husband (also a tax advisor) would have that too - she says it doesn't cost much in fees, but still more than with the online brokers, although she says "the savings bank isn't offline "that often". The reason for this is: I am self-employed and was told by the pension fund “your 214 months of deposits are over, you can leave if you want”. That would be approx.

IVF embryo mix-up undisclosed for weeks sparks calls for 24-hour reporting rule

Hong Kong fertility clinics should be required to report serious incidents within 24 hours to both the regulator for in vitro fertilisation (IVF) and health authorities, lawmakers have said, following an embryo mix-up at a centre that went undisclosed for weeks. They urged the government on Wednesday to close the regulatory gap, a day after it emerged that HEAL Fertility in Central had mishandled embryo biopsy specimens from two patients and failed to promptly report the incident to health...

Cybersecurity: After US blockade – EU should react better to AI blocks

The US government has since ordered that access to two advanced AI models be blocked for foreigners. The EU Commission is responding with a plan for more AI security.

Chinese Equities and Basic Economic Principles

Hi all, saw some posts on Chinese investing which I've been wading into the last 1.5 years, wanted to share... Semi-retired in my 30's to make chicken videos on Youtube. So you KNOW I know what I'm talking about. I have a CFA and worked for over 10 years in the industry but all I learned some awful things. It's like the quote from one money manager said: "when you invest with me, we turn your money + my experience into my money + your experience". Most firms who have a "mission statement" should

Apple begins testing CXMT chips for devices sold in China, FT says

EnBW on energy transition: “The situation in the offshore sector has deteriorated dramatically”

Georg Stamatelopoulos is CEO of the energy supplier EnBW. In the interview, he defends the funding cuts for renewable energies and calls for fewer wind turbines in the North and Baltic Seas than previously planned.

Consumption: Bakery bankruptcies increased by 40 percent

More and more bakery businesses in Germany are having to give up. An expert does not see a short-term problem in the current development.

New York City races to secure unstable skyscraper after columns buckle and floors sag

Workers have started making emergency repairs to stabilise a Manhattan high-rise after buckled columns and sagging floors forced evacuations in and around the midtown construction site. The scene unfolded throughout Tuesday after the precarious conditions were spotted in the morning at the 1970s-era building, which is being converted into luxury flats. Construction workers at the site and people in nearby buildings – including a school, diplomatic offices and several hotels – in the busy...

Lawmakers probe growing use of Chinese AI models in U.S. companies

An ongoing House Committee investigation is probing the risks involved in the rise of AI built in China.

Takeover battle: Is Commerzbank now threatened with the Paraguay moment?

Unicredit has continued to expand its stake in Commerzbank. Insiders are now expecting new negotiations between the institutes, WirtschaftsWoche learned.

Iran War: USA attacks more than 80 targets in Iran – oil sanctions back in force

The US has again attacked targets in Iran in response to the shelling of tankers in the Strait of Hormuz. President Trump apparently approved the process at the NATO summit.

Telstra: Large-scale network failure temporarily paralyzes Australia

Hours of flight delays, canceled trains and disrupted emergency calls: a technical error in the Telstra mobile network is significantly affecting public life in Australia.

Takeover struggle: Unicredit wants to present results for Commerzbank takeover offer

Unicredit is keeping the pressure on Commerzbank high. It plans to publish final figures for its takeover offer on Wednesday. The result could be groundbreaking.