Finance news

Markets: Interest rate concerns trigger a wave of sales on Wall Street

A surprisingly strong US jobs report is fueling new interest rate concerns and triggering a sell-off on Wall Street. Tech stocks are collapsing and the DAX is also coming under pressure.

Mainlanders can still open bank accounts in Hong Kong despite new rules: HKMA

Mainland customers can still open bank accounts in Hong Kong, but banks must adopt stringent new checks to ensure their processes are “compliant and orderly”, the Hong Kong Monetary Authority (HKMA) said in a statement on Saturday. “The banking industry has implemented the new regulatory requirements set out in the HKMA circular to ensure the account opening process is compliant and orderly,” the statement said. “Chinese mainland customers continue to apply for opening accounts, and in general,.

Deutsche Bahn: DB Cargo has to raise 320 million euros this year

The railway's freight subsidiary is struggling to break even with a billion-dollar restructuring plan. The Iran war, industrial slowdown and funding without planning security make the annual target uncertain.

Israeli troops kill 7-month-old Palestinian baby in West Bank car shooting

Israeli troops killed a seven-month-old Palestinian baby boy after firing at his parents’ vehicle in the occupied West Bank, the Palestinian health ministry said. Sam Fahd Abu Haikal was killed on Friday evening, and his parents were wounded while driving in the Tel Rumeida area south of Hebron City, according to the ministry. The official Palestinian news agency WAFA said the infant was critically wounded after being struck in the jaw by the same bullet that injured his mother. He later died of

UhrenWoche: Wristwatches have always been a woman's thing - about the pioneers of the time

Men shape watch history. But it was women who made a decisive contribution to the breakthrough of the wristwatch. A column.

Espionage: Federal Office for the Protection of the Constitution calls for consequences after AfD appearances in Russia

AfD MP Frohnmaier's proximity to the Kremlin raises security policy questions in the Bundestag. Thuringia's head of the Office for the Protection of the Constitution sees considerable risks and is demanding consequences.

Child custody accounts are dangerous

I read here more and more often how all parents set up child savings accounts. Of course everyone only wants the best for their children, including me. Yes, tax advantage, I understand. But as someone who has brought three children through puberty. I would never in my life give children access to a large amount of money at 18. Anyone who comes here with "it's just a matter of upbringing" has either never had a 17 year old daughter or is incredibly naive. I prefer to have the money in my depot September

What does Washington’s latest AI chip guidance mean for Chinese tech firms?

China’s Ministry of Commerce has lashed out at Washington’s latest guidance on advanced artificial intelligence chip exports, accusing the United States of abusing export controls and disrupting the global semiconductor supply chain. But trade lawyers and industry insiders said the actual fallout over the new document could be far more limited than the geopolitical fireworks suggest. The US Bureau of Industry and Security (BIS) issued guidance on May 31, stating licences would be required to...

France to test its own AI-powered battlefield command in June NATO exercise

The French Army has developed its own large-language model for staff officers, called Berthier, named after Napoleon’s chief of staff.

BörsenWoche 562: Editorial: Armament will not save German car manufacturers

Germany's auto industry is weakening. More and more companies are therefore looking at lucrative arms deals. But that won't help stock prices.

Federal Chancellor: Five weeks that will shape this chancellorship

Friedrich Merz hasn't had much success recently. Now a crucial phase begins. Peaks follow peaks. Crisis after crisis. Can he turn things around?

Russia downs 376 Ukrainian drones overnight on final day of St Petersburg forum

Russia said on Saturday it intercepted hundreds of Ukrainian drones including near St Petersburg, where Moscow is hosting a major economic forum, as Ukraine reported at least three people killed by Russian strikes. Moscow and Kyiv have intensified drone strikes on each other in recent months as US-led diplomatic efforts to end the war, now in its fifth year, remain stalled over the conflict in the Middle East. The St Petersburg International Economic Forum (SPIEF) – once dubbed “Russia’s Davos”.

Morning Briefing Plus: The bubble needs its troublemakers

At TECH in Heilbronn, Handelsblatt's technological event, the sentences from those speakers who expressed uncomfortable truths were particularly memorable.

Insight Innovation: Electric cars: Why Mercedes and BMW can compete with Tesla and Co

Faster charging, longer range: A lot of engineering work goes into the new electric cars from German car manufacturers. A look at the battery, motor and wiring harnesses.

Japan's Meitetsu Travel targets wealthy foreigners with tailored trip

Iran War - The situation in the morning: USA and Iran attack each other in the Gulf region - Iran threatens to completely close the Strait of Hormuz

Despite the ceasefire, the shelling between the USA and Iran continues. This also applies to the conflict between the pro-Iranian Hezbollah and Israel. There doesn't seem to be an end in sight.

Taxi driver, 69, arrested after woman killed in Tsim Sha Tsui collision

Hong Kong police have arrested a 69-year-old taxi driver after he allegedly knocked down and killed a 34-year-old woman in a shopping district in the early hours of Saturday. The incident happened at around 2.12am near Park Lane Shopper’s Boulevard in Tsim Sha Tsui. The taxi driver was travelling along Nathan Road towards Mong Kok when he struck the 34-year-old woman as she was crossing Granville Road. The woman sustained serious injuries and was rushed unconscious to Queen Elizabeth Hospital in

Viral Indian youth movement Cockroach Janta Party hits Delhi streets for first protest

The founder of ⁠India’s viral Cockroach Janta Party ⁠ (CJP) arrived in New Delhi on ⁠Saturday to lead a protest against Prime Minister Narendra Modi’s government, taking the country’s largest online youth movement to the streets for the first time. Abhijeet Dipke, 30, who has lived in the United States for the past two years, ‌had said his family and friends feared he could be arrested on his return to India. Dozens of police officers gathered near Jantar Mantar in central Delhi on Saturday,...

Flu cases on the rise in Hong Kong as immunity wanes, expert warns

Hong Kong is experiencing a rise in seasonal influenza cases, particularly among children and the elderly, as waning vaccine protection weakens community immunity, a leading infectious disease expert has warned. Professor Ivan Hung Fan-ngai, chair professor of infectious diseases at the University of Hong Kong, issued the warning on Saturday and urged high-risk groups who have not received a seasonal flu jab to get vaccinated. The remarks came a day after health authorities said an influenza B..

Chinese memory makers step up challenge to Korea’s chip champions

This article was first published by The Korea Times in a partnership with the South China Morning Post. Two of China’s leading memory-chip makers are moving closer to public listings, posing a significant long-term challenge to South Korean giants Samsung Electronics and SK Hynix, despite a limited immediate threat, according to analysts. ChangXin Memory Technologies (CXMT), China’s leading dynamic random-access memory (DRAM) producer, won approval last week for its nearly 30-billion-yuan...

Past failures haunt Quad’s US$20 billion critical minerals push

The Quad’s newly announced US$20 billion critical minerals framework aims to loosen China’s near-monopoly on the materials that power modern defence, technology and clean energy industries. But analysts say its success will depend on the ability of Australia, the United States, India and Japan – the Quadrilateral Security Dialogue’s four members – to move beyond policy declarations and deliver measurable outcomes. The initiative, announced after a meeting of Quad foreign ministers on May 27, has

Social media bans on teens risk strengthening Big Tech's grip on the sector, Bluesky exec warns

"We're living in a world where it's almost impossible for smaller entrants to come in and build healthier spaces," Bluesky's COO, Rose Wang, told CNBC.

Artificial intelligence: Google rents computing power from Musk's SpaceX for a lot of money

Elon Musk has more computing capacity than his AI activities need. Now there is already the second huge deal in which the data centers are rented to rivals.

Football sponsors: The world champion's new deal

Former professional footballer Lukas Podolski has ended his career. Now he is promoting crypto.

Real estate vs equity: please share your experience

Anyone here who has both real estate and equity investments and can share their pii t of view if they prefer one over the other for their goals? I personally am all in equities (globally diversified) and just sold a house that was pretty much just costing me money at the end of the day and it was a hasstle to sell and I'm thinking of putting the proceeds into my equity etf to be hands off and have no real estate issues, mantainances, taxes etc as that was just not worth it to even get way way lo

Inside the crazy New York queues where people wait for hours for Insta-cred

In front of L’industrie Pizzeria, as at many other New York restaurants and shops, customers queue up behind barriers – in this case, all to grab a prized pizza slice. Not everyone in America’s biggest city finds standing in line to be a chore. The power of social media trends means that for some, waiting for hours is an attraction in itself. “It’s gotten pretty crazy in the city recently,” said food influencer Ali Chilton, who has 168,000 followers on Instagram. “Some would blame me for the...

I went through the AVGO transcript line by line. Here's what I actually found.

AVGO dropped 15% this week on an earnings "miss." I want to walk through what the transcript actually says because the market reaction and the business reality are completely disconnected. Hock Tan confirmed orders are visible to 2028 right now. Not 2026. Not 2027. 2028. A 1 gigawatt XPU plus networking order has already been received. OpenAI goes into production on custom silicon late 2026. META's custom AI program ramps H2 2027. Management said on the call: "demand for networking is simply ins

China bans 11 online activities under tighter rules to curb rumours, cyberbullies

China’s top internet watchdog has banned 11 specific online activities under strict new rules for multiplatform content creators taking effect later this year. Rolling out the new regulations last week, the Cyberspace Administration of China (CAC) said they aimed to prevent the spread of rumours and posts that could incite public anger, antagonism or social discrimination. The prohibited content includes posts fabricating topics to confuse the public, spreading fake or speculative information,..

FamilyMart Malaysia apologises, suspends worker filmed throwing hot soup at Grab rider

FamilyMart in Malaysia has taken immediate disciplinary action by suspending an employee who allegedly threw hot soup at a delivery rider, as seen in a viral video. The popular Japanese convenience store chain has apologised for the employee’s actions and for the delay in providing an update. “We have attended to the well-being of the delivery rider, cooperating fully with the authorities in their investigation and continued our own internal investigation and Domestic Inquiry in accordance with.

Situation at a glance: USA and Iran are attacking each other again in the Gulf region

Despite the ceasefire, mutual shelling between the USA and Iran continues. This also applies to the conflict between the pro-Iranian Hezbollah and Israel. There doesn't seem to be an end in sight.