Finance news

Budget 2027: A third of housing benefit households will go empty-handed in the future

Housing benefit will be cut less than initially planned. Nevertheless, the effects are serious.

◇ unclassifiedgermany · europe · china

How Volkswagen's huge workforce became a liability

The struggling German carmaker plans to cut up to 100,000 jobs from its 630,000-strong workforce. How did VW's headcount get so bloated, and will the cuts be enough to survive the Chinese EV onslaught?

Dax current: Dax starts trading unchanged - oil price rises

The German leading index has its sights set on the next round mark. Can he continue his record hunt from the past few days? Impulses for this come from politics and the economy.

SpaceX’s two lead underwriters have a $1 trillion chasm in their valuation as quiet period ends

The two lead underwriters on SpaceX’s initial public offering, Goldman Sachs and Morgan Stanley, have a valuation gap of more than $1 trillion as they both initiated coverage at buy.

◇ unclassifiedusa

◇ unclassifiedgermany · europe · korea

AI boom: Samsung posts record profits - and disappoints the markets

The corporate profits of South Korea's largest company have been exploding for over six months. But despite an excellent annual report, Samsung Electronics' share price is collapsing.

Raffelberger: Bacteria in mineral water – manufacturer recalls batches

Raffelberger Mineralbrunnen GmbH is recalling several batches of mineral water due to bacterial contamination. Which products are affected and what consumers need to know now.

Detention and hand grenades: Bavarian police law put to the test in Karlsruhe

Bavaria’s police are allowed to take action even in the event of “imminent danger”. The Federal Constitutional Court is now looking at the legal situation in the Free State. There is more than one point of criticism.

◇ unclassifiedchina · asia

Explosions rock Damascus as France’s Macron visits Syria

Explosions rocked Damascus on Tuesday as France’s president met with his Syrian counterpart in a landmark visit, wounding at least four people according to Syrian state media. Emmanuel Macron had entered the presidential palace to meet Syrian President Ahmad al-Sharaa when the explosions happened near the Four Seasons Hotel. Syrian authorities did not immediately comment on the incident. Syrian media reported that Macron was staying at the Four Seasons. The French president’s office said he was.

NATO in Ankara: arms summit of the American deals

The NATO summit starts in Ankara with a defense industry forum. In addition to the submarine megadeal with Canada, there are dozens of new agreements. Especially with the USA.

◇ unclassifiedgermany · europe · korea

Markets Asia: Samsung's record profit cannot support Asia's stock markets

Some of the most important indices in Asia are significantly in the red. A record profit from chip giant Samsung failed to give Asian stock markets a boost on Tuesday.

Luxury sedan: It doesn't get more opulent - this is how Mercedes is redesigning the Maybach S-Class

Mercedes is giving the Maybach S-Class a facelift. The presidential suite on wheels gets new software, electrified engines and an improved interior. And that's worth it.

Lars Feld: Let’s prepare for higher interest rates for longer-term federal bonds

In total, Federal Finance Minister Lars Klingbeil will take out around 840 billion euros in additional loans from 2026 to 2030. This is a remarkable dynamic. A guest post.

7d07/07⚠ war-conflict · 3/5

Interview: Kiev's former foreign minister: "The talk of a turning point in the Ukraine war is counterproductive"

Shortly before the NATO summit, Dmytro Kuleba explains why he does not believe in an imminent ceasefire in Ukraine. And warns that Putin could open a second theater of war.

◇ unclassifiedgermany · europe · russia

Stock market: Tech sell-off weighs on Dax – TKMS slightly higher

The zenith of the AI boom appears to have been reached and is also weighing on the German stock market. After the rally at the start of the week, the Dax is weakening slightly.

◇ unclassifiedchina · asia

Dear You: Beijing holds movie night for diplomats to help them ‘better understand’ China

Beijing has staged a special screening of a blockbuster film that sparked a debate about propaganda in Southeast Asia, inviting 150 foreign diplomats and their families to the event to help them “better understand China”. Diplomats from 74 embassies, including Indonesia, Thailand, the United Arab Emirates and Peru, attended Monday’s screening of the film Dear You, which was organised by the Chinese foreign ministry. The movie was shot in the Teochew dialect spoken in the Chaoshan region of...

Communication technology: Operation Funk: How Europe wants to become more independent of the USA when it comes to military radio

European armies lack a common communications system. Supported by industrial partners, they are working on particularly powerful and safe technology.

7d07/07⚠ war-conflict · 1/5

Bank won't charge off loan, what can I do?

Hello financial friends, I have a problem with an old loan of mine. Please no judgment. When I was 20 years old I thought I needed a consumer loan to furnish an apartment lol. It's stupid, it was a youthful sin and I have to pay for it now, that's just the way it is. However, the following problem is currently occurring. The loan was taken out through the “SBER” bank. This is a Russian bank and it has probably transferred its business in Germany to the “Cliq” bank. I now have vo

Social◇ unclassifiedgermany · europe · australia

Alcohol industry: German brewers increase production of non-alcoholic beer

While the output of non-alcoholic beer increased by 6.5 percent, the production of classic beer fell by 5.8 percent. And the number of breweries is shrinking.

◇ unclassifiedusa · europe · uk

NATO to acquire “up to” 10 Saab GlobalEyes for E-3 replacement, says Secretary General

The selection decision in favor of the Swedish aircraft comes after NATO axed plans to acquire Boeing E-7 Wedgetail surveillance planes.

+++ Football World Cup 2026 +++: After the Balogun scandal: Belgians mock Trump by celebrating a goal in the win against the USA

Senator from Paraguay causes racism scandal - Attacked Mbappé counters sharply +++ Spain destroys Ronaldo's World Cup dream +++ The World Cup news blog.

◇ unclassifiedchina · asia · germany

South Korea’s Incheon airport hits 1 billion passengers in record-breaking time

South Korea’s Incheon International Airport achieved a historic milestone in global aviation by recording 1 billion cumulative passengers in the shortest period among the world’s major hub airports, the airport operator said on Tuesday. According to Incheon International Airport Corp (IIAC), the airport crossed the 1 billion passenger mark just 25 years and three months after its opening in March 2001, outpacing all historic rival global hubs. Germany’s Munich Airport required 33 years and 10...

Bitcoin and Co.: The crypto tax hammer is coming – how can investors save their money?

The federal government is planning stricter taxation of crypto earnings. It is likely to be significantly more expensive for investors.

Armament: USA is probably talking to Germany about missile production in Europe

At the NATO summit in Ankara, the USA and Europe will talk about their cooperation in the defense alliance. According to a report, this is also about a rocket factory in Europe.

Fusion energy: Munich start-up raises 411 million for fusion reactor

A round of financing secures Proxima Fusion's next steps - also because Bavaria almost doubles the amount. This puts the company in the exclusive circle of unicorns.

Life expectancy: Statistics Office: Life expectancy in Germany at its highest

Life expectancy in Germany has increased and is reaching new highs. However, there are still differences between the federal states.

8d07/07⚠ war-conflict · 3/5

Economy: Industrial production is increasing more than expected

The key figures in German industry are pointing upwards despite the disruption caused by the Iran war. Economists are divided as to whether this is already a significant development.

8d07/07

Ports, bridges and canals: the Achilles heel of the largest companies

Manufacturers, retailers and service providers rely on the delicate network of logistics and infrastructure to survive. A look at critical points in the economy.

8d07/07⚠ war-conflict · 2/5

Industry, construction and energy suppliers: Companies are increasing production more than expected

German industry is recovering surprisingly – production is starting up again. However, there is still a long way to go before a full recovery.

8d07/07

Energy policy: Government plans strategic gas reserve

There are already oil reserves for crises. The federal government is now working on a natural gas reserve. What is known about it.