Finance news

Competition: DIW economist warns – openness to technology is damaging to the industry

Whether electric cars, batteries or AI: China is putting European industries under pressure on many fronts. How can Germany react to this? A DIW economist warns against solutions that are too simple.

Turkish arms industry: Erdoğan's revolver policy

The Turkish economy is suffering. Inflation is high and monetary policy is restrictive. Only the defense industry is booming. This is also Erdoğan’s work.

Hong Kong police chief defends plan to deny pay rises to bottom 5% of performers

Hong Kong’s police chief has thrown his weight behind a controversial government reform of the appraisal system that will deny a pay rise to the bottom 5 per cent of performers, despite concerns raised by frontline officers. Commissioner of Police Joe Chow Yat-ming said on Saturday that management would step up efforts to explain the new policy to staff through various internal channels. “As the head of the department, I support the reform,” Chow said. “I believe our colleagues will agree that..

Typhoon Bavi: more than 130 flights connecting Hong Kong to region axed

More than 130 flights between Hong Kong, Taiwan, mainland China and Japan have been cancelled, while 10 high-speed rail services have been suspended as Typhoon Bavi barrels towards China’s east coast. Hong Kong International Airport’s webpage showed that 64 inbound flights and 71 outbound flights were cancelled on Saturday, with more than half scheduled to travel between the city and Taipei. Services between Hong Kong and Kaohsiung, Shanghai and Hangzhou were cancelled, while a handful of...

Mizuno enters esports market with athlete-led approach

Superpower US still too young to take path toward decline

Erdogan pushes for ‘natural’ births amid Turkey’s high C-section rate

Turkey’s health ministry has fined more than 100 obstetrician-gynaecologists for carrying out cesarean sections, suspending them from duty and forcing them to undergo training. The country has the highest rate of C-section births among the OECD’s 38 nations, according to the last available data from 2023, with around 615 such procedures out of every 1,000 live births that year. Medical professionals said C-sections were more time-efficient for medical staff – 30 minutes, versus 12 hours for a...

Life-threatening disease: Another US citizen is infected with Ebola in Congo

Ebola alarm: A US aid worker is hit again in the Congo. The number of sick people continues to rise sharply locally.

BYD showcases battery, charging technology in 15,000km journey from Rome to Hong Kong

BYD, the world’s largest electric vehicle (EV) maker, has intensified efforts to promote its high-performance batteries and superfast charging technology around the world as it tests a car that it says boasts the world’s longest driving range in a journey from Rome to Hong Kong. A fleet of upgraded versions of the Z9GT, a car produced under BYD’s premium Denza brand, has been travelling across European countries including Italy, Croatia, Serbia and Turkey for nearly a month at the start of a...

+++ Football World Cup 2026 +++: Norway coach criticizes Haaland

Merino redeems Spain in Belgian goalkeeping drama +++ Argentina legend Kempes rejects conspiracy theories +++ The World Cup blog.

Diseases: “Explosive defecation” - Parasite affecting hundreds in USA

A parasite is going around in the USA. A particularly unpleasant and stubborn intestinal disease has already been reported in 31 countries. Fresh foods are particularly suspected as triggers.

Heirs: Real estate value too high? How to avoid inheritance tax

The tax offices base their property valuation on purchase prices in the area. These are often distorted, especially in rural areas. But heirs can defend themselves.

Business ticker: Meta discontinues new AI image function after criticism

Concerns about data protection +++ Almost minus 9 percent: VW sells significantly fewer cars +++ Social plan for Zalando location in Erfurt sealed +++ Investigators: no market manipulation by Unicredit against Commerzbank +++ News in the company live blog.

Volkswagen China deliveries see 26% drop year on year to lowest point since 2010

Volkswagen Group’s deliveries in China slumped during the first half of 2026 to their lowest level in 16 years, as local electric vehicle (EV) brands further siphoned off buyers’ interest in petrol cars amid a slowing market. Through its three ventures with Chinese partners, the German car brand handed over a total of 971,000 units to customers in China between January and June, down 26.1 per cent year on year, it said in a statement. The delivery volume hit the lowest level since the first half

Don’t expect the rising tide of AI to lift all boats

The brave new world of artificial intelligence (AI) is going to be a mixed and divisive blessing for governments – not least those of key Asian countries – as well as for financial markets. The AI revolution points to higher economic growth for economies linked to the tech supply chain, with others being left behind. It also signals the potential for financial crises. Balancing these risks will be tricky. The relative optimism, displayed in a recent report from the International Monetary Fund...

Chinese student sets up a will bequeathing US$2.9 million estate to childhood friend

A 19-year-old Chinese student recently made a will bequeathing his personal wealth of 20 million yuan (US$2.9 million) to his childhood friend, sparking heated discussion online. The teenager from Shanghai, surnamed Li, recently set up a notarised will to bequeath the property under his name, including a flat and savings of millions of yuan, to his childhood friend. Li claimed that his parents had divorced and remarried, and gave him the property he now owned. They did not spend much time with..

BörsenWoche 567: Analysis: Things are bubbling under the surface in South Korea

For many years, South Korean stocks were considered structurally undervalued. The government in Seoul is fighting against it. But power continues to concentrate.

BörsenWoche 567: Editorial: The next marketing trick from tech CEOs

According to OpenAI founder Sam Altman, artificial intelligence isn't replacing that many jobs after all. His thesis is a good reason to listen less to the AI ​​pioneers.

+++ Iran War +++: Circles – USA calls on Iran to open the Strait of Hormuz

Trump: Iran is threatening to murder me +++ According to Trump, USA ready for talks even after the end of the ceasefire +++ Mediators from Qatar apparently for talks in Iran +++ The news blog.

Competition from the Far East: China shock 2.0 hits Germany's industry

For decades, Germany profited from the rise of China. Now the People's Republic is becoming a rival in more and more industries - cars, machines and chemicals. The next competition is already imminent.

Morning Briefing Plus: What's left of the noise

Health care reform, NATO summit and Trump on Tiktok: Why we are so often distracted by the loudest things - and why looking at what is important is more important than ever.

+++ Iran War +++: Circles – USA demand clear statement from Iran on the Strait of Hormuz

According to Trump, USA ready for talks even after the end of the ceasefire +++ Mediators from Qatar apparently for talks in Iran +++ The news blog.

Hong Kong could adjust tunnel tolls as traffic surpasses pre-reform peak

Tolls at Hong Kong’s cross-harbour tunnels could be adjusted in the future to better control the flow of vehicles as traffic volume has exceeded levels recorded before fees were overhauled in late 2023, transport authorities have said. A Transport Department paper submitted to the Legislative Council said tolls would need to remain flexible in the future because queues during some peak periods were still spilling onto connecting roads and non-tunnel lanes. “Total traffic volume across the three.

Summer program: Our tips for podcasts and series during your summer vacation

For the holiday season, the WiWo editorial team reveals which series you shouldn't miss - and which podcasts promise variety.

Summer reading: Our book recommendations for your summer vacation

For the holiday season, the WiWo editorial team reveals which books should be in your luggage.

+++ USA +++: USA calls for an orderly transfer of power in Colombia

Trump pushes members out of independent election commission +++ Planned attack on Trump's birthday: eight men charged +++ The news blog.

Japan's scallop production feels heat of climate change

How overlapping US and China sanctions are complicating business in Africa

US-imposed sanctions targeting other countries and a growing list of Chinese laws aimed at countering the measures are creating a compliance minefield for African businesses dealing with the world’s top two economies. At risk is a broad range of industries including mining, banking, telecommunications, technology, energy, infrastructure and others in which African businesses are simultaneously exposed to US and Chinese counterparties, according to analysts. Compliance consultants covering the...

Cambodian villagers fear US$43 million tiger reintroduction plan

Pan Sok still remembers his relative screaming as a tiger dragged him away one night, deep inside the Cambodian rainforest where they were tapping trees for resin. So he is “not happy” about a plan to reintroduce the big cats, a decade after they were declared extinct in Cambodia. “I saw the tiger take him with my own eyes,” he said, describing the attack that took place over 30 years ago. “He was screaming but we couldn’t help him.” Cambodia’s last confirmed tiger sighting was in camera trap...

No public subsidies needed for Pak Shek Kok MTR station: Hong Kong minister

No government subsidies will be needed to build the long-awaited Pak Shek Kok station on the East Rail line, Hong Kong’s minister has said, after authorities agreed to grant the MTR Corporation development rights at two sites. Secretary for Development Bernadette Linn Hon-ho said on Saturday that the “rail-plus-property” model would fully cover construction costs, even though a detailed estimate had yet to be finalised. “We are still awaiting the MTR Corp’s detailed design and cost estimates,”..