Finance news

Russo-Ukrainian War: Major Ukrainian attack on Moscow, damage in the regions

During the night drones fly towards Russia again. Moscow claims to have repelled a major attack. However, there are fires in the regions.

China last female Red Army veteran who enlisted at 14 celebrates 105th birthday in uniform

China’s last surviving female Red Army veteran has marked her 105th birthday, as her extraordinary wartime story stirred admiration across mainland social media. On June 27, Wang Quanying, from Sichuan province in southwestern China, sat in a wheelchair in military uniform, her chest adorned with medals, as relatives, volunteers and well-wishers gathered to celebrate the milestone. Although Wang never learned to read or write, local media said she could still sing Red Army songs from memory, had

Gulf Oil Exporters Slash Prices as Buyers Gain the Upper Hand

Gulf oil producers are in a race to offer discounts to entice buyers, with Saudi Arabia’s latest price cut for Asian importers the sharpest in decades but unlikely to boost sales. Saudi Arabia yesterday cut its official selling price for crude to Asian buyers by as much as $11 per barrel, Reuters reported, but other Gulf exporters are cutting even deeper in order to sell their barrels that have sat in the Gulf for over three months. “The sharp month-on-month cuts to Saudi term OSPs came as littl

Energy: Plan for strategic gas reserves should be passed by the cabinet by mid-August

A strategic natural gas reserve is intended to protect Germany from bottlenecks and attacks. The costs run into the billions and should be borne by consumers.

Qatari LNG Carrier Struck in Hormuz

A laden LNG carrier was hit by a projectile near the Omani coast as it exited the Strait of Hormuz, heightening unease among shipowners and testing a US-Iran agreement intended to halt attacks in the waterway.

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Trend continues: non-alcoholic beer continues to grow – market share is growing

Non-alcoholic beer is becoming increasingly popular: in 2025, production increased by 6.5 percent, while classic types of beer and shandy were less in demand.

Vietnam bets on baby bonuses to get rich before it grows old

Vietnam has introduced a raft of incentives to encourage couples to have more children as the Southeast Asian nation seeks to reverse a fast-declining fertility rate. Gone is the country’s long-standing two-child policy, scrapped last year. In its place is a new population law, which took effect on July 1, offering a suite of sweeteners designed to nudge Vietnamese couples towards larger families. These include seven months of maternity leave for second children, subsidised prenatal and newborn.

Economic situation: Ifo: Material shortages in industry continue to increase

The situation in the Middle East has eased, but the closure of the Strait of Hormuz has had repercussions that are only now being felt.

Business ticker: USA reinstates oil sanctions against Iran

After attacks in the Strait of Hormuz +++ Companies increase production more than expected +++ DHL raises annual forecast +++ News in the company live blog.

Business ticker: Companies are increasing production more than expected

Samsung posts next record profit +++ Toyota relocates truck production from Mexico to the USA +++ Microsoft is cutting several thousand jobs due to AI +++ News in the company's live blog.

Iran War: Material bottlenecks in the German economy are increasing

The Strait of Hormuz is passable again - but the disruption continues to have an impact. Companies complain about material shortages. What that means for the economy.

+++ Ukraine War +++: Major Ukrainian attack on Moscow – damage in the regions

Russia: Fire in industrial plant after drone attack in Kaluga +++ Selenskyj hopes for success at NATO summit +++ Ukrainian drones attack oil refinery in Siberia +++ The news blog.

Google backs nuclear fusion startup targeting Europe’s first commercial power plant

Proxima Fusion has raised $468 million as it looks to move towards commercializing the promising but infamously difficult technical challenge of nuclear fusion.

Volkswagen: FC Bayern, Formula 1, wobbling board members – new details on the VW savings program

The Volkswagen bosses want to present a far-reaching savings program to the supervisory board on Thursday. VW doesn't just want to spend less on its employees.

Power generation: Proxima Fusion achieves record financing

The Munich start-up secured 411 million euros. With a valuation of 2.4 billion euros, it is now the highest valued merger company in Europe.

“The Chapel” by Vinklu: Chapel in honor of the coffee bean

Surprise successful: remaining area that was just overlooked, now a center of attraction. In Bucharest, the branch of a coffee roasting company shows what is possible in the niches of our cities.

Fee comparison: The best checking account for young adults

At some point you will no longer be able to live without your own checking account. But who offers the best accounts for young adults? Special accounts in check.

China’s chip equipment rally faces earnings test as memory boom fuels bets on local tools

China’s semiconductor equipment industry is heading into the first-half earnings season under intense scrutiny, as a broad stock rally turns one of the tech sector’s least visible niches into a crowded investor trade. The rally has swept across makers of etching, thin-film deposition, cleaning and testing machines, among others, reflecting bets that China’s next round of chip spending will benefit a wider group of domestic suppliers. Shares of Naura Technology Group have soared more than 70 per.

Ifo Institute: Material bottlenecks in the German economy are increasing

The war between the US and Iran has led to problems in international supply chains. The situation remains particularly tense in one industry.

Japan ultra-fast maglev train project advances on key construction approval

Deal between Danish NATO port and Chinese peer draws criticism

Samsung profit soars 19 times but shares slump 9% on oversupply worries

Vingroup launches $3.5bn sea bridge linking Ho Chi Minh City districts

Toyota to invest $3.6bn to move some truck production from Mexico to US

Lynas, JS Link sign deal for Malaysian magnet plant

Pakistan gives foreign banks an edge in shift to Islamic finance

Online Crime: How Cyberattacks Can Ruin Businesses

More and more companies are being attacked by hackers. Cybersecurity experts are supposed to protect IT. But the experts are hard to find. This is dangerous.

Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears

China’s crude oil demand is expected to peak this year, according to executives from the country’s largest oil firm, a scenario set to further reshape the global energy market following the Strait of Hormuz crisis. The world’s top oil importer would record slowing demand as reductions in the use of transport fuel outweighed gains in petrochemical demand, said Zhang Changbao, vice-president of China National Petroleum Corporation (CNPC) Asia-Pacific (Hong Kong), at an event in Hong Kong on...

India fashion retailer Trent tumbles 11% as revenue growth disappoints

Shares of one of India's biggest fashion retailers, Trent, fell over 10% after the company reported weak earnings growth.