Finance news

People’s Daily joins Beijing blitz against Philippines over 2016 South China Sea ruling

China’s flagship Communist Party newspaper has joined a sweeping rhetorical offensive against rival maritime claimant the Philippines, days ahead of the 10th anniversary of a South China Sea arbitration ruling rejected by Beijing as “illegal”. In twin commentaries published on Friday, the People’s Daily branded the July 12 decision of 2016 a “destabilising force” and demanded that Manila pivot to direct talks. The commentaries from official media cap a multi-agency initiative from Beijing in...

AI Act: Federal Network Agency also takes over state supervision for AI

AI supervision in Germany is to be more centralized than previously planned: the federal and state governments want to pool responsibility. How the surprising agreement came about.

Why the stock market and economy may seem out of sync

The stock market has boomed on AI euphoria, while the trajectory of the U.S. economy has been more tepid, economists said.

New law: Now the “biostairs” are coming into the boiler room

The Bundestag passes the new building modernization law. The installation of new gas and oil heating systems remains permitted – subject to conditions.

Pakistan mediates between Libya's two administrations after US-Iran talks

Taiwan's top memory chip maker Nanya Tech to quadruple 2027 capex

China successfully recovers rocket at sea in push for reusable launches

SoftBank and PayPay offer to invest up to $1.9bn in 7-Eleven parent

Chevron to Continue Supplying Gas to Australian Utility Alinta

Chevron signed a new agreement to supply 46 petajoules of Western Australian natural gas to Alinta over five years.

Always safe in your seat: Why you should stay strapped in on the plane

On the plane, many people only put on their seat belts when they have to, i.e. when the familiar signs light up. This incident shows why constantly wearing your seatbelt is important for your own safety.

Delta expects higher airfare to last, bringing 2026 profit goal in reach, CEO says

Delta is the first of the U.S. airlines to report second-quarter results.

Slumping AI stocks could be really good news for your nontech holdings, says market strategist

Katie Stockton, of Fairlead Strategies, said she is seeing strong buying momentum in the healthcare, industrial, biotech, insurance and utility sectors

Heating: Bundestag passes new heating law

Riedl's Dax radar: AI correction and renewed battle for the stock market trend

Oil price turbulence and interest rate fears are causing stocks to tremble. However, the Dax should no longer fall too low: help is coming from highly rated US stock exchanges. A column.

Meta found to breach EU laws with 'addictive' Instagram, Facebook designs

Instagram and Facebook's "addictive" designs have put Meta in breach of the European Union's digital laws, the EU concluded Friday in a preliminary report.

Aviation: Suddenly two investors are vying for the British low-cost airline Easyjet

US financial investor Apollo surprisingly outbid its competitor Castlelake and was initially awarded the contract for the airline. The takeover battle is about more than just price.

Energy transition: electricity without gaps - Federal Council clears the way for gas power plants

After the Bundestag, the state chamber also accepted the new power plant law. The background is the concern about blackouts and lulls in the dark.

Friend sues ex-plastic surgeon for HK$12m over loans tied to manslaughter case

A former Hong Kong plastic surgeon has been sued for more than HK$12 million he allegedly owes to a friend who lent him the money to help him contest a manslaughter charge arising from a botched botox injection eight years ago. Retiree Diana King Yuen-fung initiated the lawsuit in the High Court on Thursday demanding that Franklin Li Wang-pong immediately return the money he borrowed through 14 bank transfers between May 2023 and August 2024. Li, 94, was implicated in a high-profile trial last..

Well prepared for retirement: What remains for a European soccer champion in old age

In terms of sport, footballer Petra Landers has achieved everything - in a time before sponsorship money and acceptance for women's football. A story of big titles and a small pension.

Comment: Blume's big package now comes in individual parts

The VW boss actually wanted to pick up the pace. Months of tough negotiations are now looming. The car manufacturer is thus cementing its reputation for not being able to make decisions at the crucial moment.

Social media: EU accuses Meta of violating the law and risking addiction - high penalties are imminent

The European Commission assumes that Meta is not complying with the requirements of the Digital Services Act - and is pressing ahead with proceedings against the company.

Reforms: Bundestag approves health savings package

After a long struggle, the coalition is bringing billions in savings in health spending through parliament, which are intended to prevent higher contributions. The law still has one final hurdle to clear.

The Tech Download: Teen social media bans miss a key part of the puzzle: AI chatbots

Teenagers are increasingly becoming dependent on AI chatbots, echoing a familiar problem with social media in the 2010s.

ADNOC Orders $900 Million in New LNG Carriers to Expand Global Fleet

ADNOC Logistics and Services has placed a $900-million order for four newbuild LNG carriers to expand its fleet as Abu Dhabi’s national oil company seeks to boost gas exports to seize the global rise in LNG demand. ADNOC Logistics and Services on Friday announced a newbuilding order for an additional four next-generation LNG carriers with a total value of approximately $900 million, or 3.3 billion UAE dirhams. The newly-built vessels will be constructed at Jiangnan Shipyard in Shanghai, China, a

U.S. Strikes Fail to Break Iran’s Grip on the Strait of Hormuz

The U.S. launched another major round of strikes across Iran this week, targeting roughly 90 military sites, including coastal radar installations, anti-ship missile batteries, drone launch positions, command networks and IRGC naval assets around Hormuz. Tehran responded within hours with missile and drone attacks against U.S. military facilities in Bahrain, Kuwait, and Qatar while insisting it will continue enforcing its own navigation regime through the Strait. For Tehran, control of Hormuz is

Nord Stream Loses Landmark Insurance Case as War Exclusion Prevails

Politics, Geopolitics & Conflict A UK High Court ruling has ended Nord Stream AG’s attempt to recover $662 million in insurance claims from the September 2022 sabotage of the Nord Stream 1 gas pipeline, with a judge ruling it a standard war-risk exclusion and relieving insurers of liability (Lloyd’s and Arch). The court also rejected Nord Stream AG’s argument that separate damage to one section of the pipeline had been caused by a ship’s anchor rather than explosives. This ruling establishes an

Oil Prices Rally on Renewed Hormuz Supply Risks

August WTI crude oil traded higher during the week ending July 10, with prices last at $71.84 through Thursday evening, up $3.38, or 4.94%. The contract posted a wide weekly range, climbing from a low of $67.82 to a high of $76.08 before pulling back late Thursday. The week's advance was driven by one dominant theme: growing concern over global oil supplies. Traders added a larger risk premium to crude prices as renewed geopolitical tensions in the Middle East raised questions about the security

New sole boss: Christian Müller becomes sole boss of Schwarz Digits

After Rolf Schumann's farewell, Schwarz Digits is starting the next phase with Müller at the helm. In focus: Expansion as a European cloud alternative and a billion-dollar project in the Spreewald.

Corporate America is pumping $1 trillion into stock buybacks — but look at what insiders are doing

These 22 U.S. stocks are backed by company buybacks and insider cash.

Brewery: Consumers are drinking less and less beer

The German market is shrinking. Veltins also feels this. Only the purchase of caramel keeps the Sauerland brewery on course for growth.