Finance news

General who was last US soldier out of Afghanistan suddenly steps down

The US Army’s commander of its forces in Europe and Africa – who was famously the last American soldier to leave Afghanistan in 2021 – is unexpectedly stepping down from his post after just 18 months in the job, the Army confirmed late on Tuesday. General Christopher Donahue, commanding general of US Army Europe and Africa and commander of Nato’s Allied Land Command, will relinquish his command on July 2, according to an Army statement. He is the latest in a line of nearly two dozen top military

US delegation snubs Apec meeting in Macau due to China visa requirements row

The United States did not send high-level officials to an Asia-Pacific Economic Cooperation (Apec) tourism ministerial meeting in Macau, citing China’s restrictions on American diplomats’ ability to provide emergency consular help. Washington did not send “high-level participants” to the meeting, which runs from Wednesday to Sunday in China’s Macau Special Administrative Region, according to a US State Department statement released on Wednesday. The US had repeatedly asked China to lift the...

Why the Vietnam ‘detour’ for US-bound Chinese goods hit a dead end

Nearly a decade ago, one of China’s largest textile exporters concocted a plan to hedge against trade barriers championed by US President Donald Trump during his first term. Its owners were convinced that moving their primary production base from China’s east coast to Vietnam would be a permanent workaround – bypassing complex supply-chain pitfalls by hunkering down in a tariff lowland and continuing to stock Walmart shelves with socks and towels. Trying to get the jump on Trump in 2017, from...

Volkswagen Group: Everllence is to be sold to Bain

A buyer has been found for the billion-dollar VW subsidiary: the US financial investor is said to have prevailed in a competitive auction process.

8 takeaways from the US-Iran war

The war in Iran is effectively over. Although the dust has yet to settle, some lessons are already visible. First, US President Donald Trump has waged a personal war at the world’s expense. Chinese philosopher Lao Tzu warned that arms are ill-omened tools, employed only as a last resort. Trump, who has admitted he doesn’t like to read, may not realise this. Few people know why he ordered a strike on Iran. Maybe kidnapping president Nicolas Maduro in Venezuela was too easy or Israeli Prime...

How Iran Plans to Consolidate Its Victory

At The Wall Street Journal, Reuel Marc Gerecht and Ray Takeyh examine the implications of the US-Iran memorandum of understanding. The deal “sets the stage for an eventual nuclear revival” on the part of Iran, they argue, “since what’s been blown up can be rebuilt as long as enough oil flows, the regime’s illicit dual-use import network remains operational, and US and Israeli intelligence fails against Iranian vigilance.” After demonstrating a bold willingness to cross “lines that previous presi

Artificial intelligence: Qualcomm wins Microsoft and Meta as customers for new AI chips

The US group has been trying for some time to enter the rapidly growing market for AI chips in data centers. Now two tech heavyweights are among the buyers of the new chips.

Federal Reserve: US Federal Reserve – Banks pass stress test without any problems

During the annual stress test, a crisis scenario with a global recession was played out. The result shows that 32 of the leading US financial institutions are well positioned.

Technology: AI boom gives Micron a strong outlook – shares rise

The US semiconductor manufacturer expects sales of $50 billion for the fourth quarter. However, the focus is also on an announcement from the largest competitor.

Unusual Machines might be one of the interesting ways to play the drone buildout if this theme is real

I’ve been spending some time looking at and following UMAC and I think if the US is actually serious about building a domestic drone supply chain, this thing is at least worth paying attention to. What makes it interesting to me is that UMAC isn’t trying to be the next giant prime contractor. It’s more of a picks-and-shovels bet on the drone side. Motors, flight controllers, FPV systems, batteries, components, basically the stuff that actually has to exist if the US wants more NDAA-compliant dro

Oil Falls to Postwar Lows

Despite historically low US crude inventories, traders focused on improving Middle East supply flows and growing signs of potential oversupply.

US, UK, France, Germany raise alarm about Chinese patrols off eastern Taiwan

The countries said Chinese patrols off the coast of Taiwan threaten regional stability and freedom of navigation.

Iran scrambles to move estimated $8.5bn in oil as US eases sanctions

US private equity firm Advent to buy Japan nursing care provider for $1bn

Trump’s name is gone from the Kennedy Centre. Why is the tarp still up?

A US federal judge asked on Wednesday for an explanation for why a tarpaulin continues to cover the facade of the Kennedy Centre where President Donald Trump’s name was recently removed. District Judge Christopher Cooper gave the board of trustees of the performing arts venue until the end of July to explain “the purpose for and status of the tarp and scaffolding that defendants have erected on the front portico of the centre”. Trump’s name was removed from the Kennedy Centre on the orders of...

China studied US stealth aircraft — and learned the wrong lessons

An Air Force researcher said China's assessments of U.S. stealth capabilities "diverge from technical reality and operational practice."

Iran, Oman to Coordinate Hormuz Transits

Shippers can transit the Strait of Hormuz via Iranian or Omani and US-coordinated waters, according to the International Maritime Organization, part of a broader plan to evacuate stranded vessels.

Handelsblatt Live: US stock market expert Koch: “The bar for Micron is extremely high”

After the previous day's sell-off, the Nasdaq technology exchange initially recovered slightly on Wednesday. Now Wall Street is looking at Micron's report, says Markus Koch. It is also crucial how capacity investments continue.

Transatlantic crisis: “Trump wants to find a scapegoat” – Europeans fear NATO clash

At a meeting in Berlin, Chancellor Merz gathers his European partners around him. Europe wants to send a signal of unity - and is preparing for new conflicts with the US government.

Trump cancels signing of key US housing bill until Save America Act is passed

President Donald Trump cancelled his plan to sign a bipartisan affordable housing bill on Wednesday in an effort to pressure his fellow Republicans to pass a long-stalled package of US national voting restrictions that has aggravated party fissures and shown the limits of his power. Trump has said he will join Senate Republicans at a closed-door lunch on Wednesday afternoon to lobby them to pass the voting measure called the Save America Act, his top ‌legislative priority. The act would require.

Wall Street: US stock markets open stable - oil price falls sharply

On Wednesday, investors are primarily looking at tech stocks, which have been very volatile this week. Hopes for peace in the Middle East are causing oil prices to fall sharply.

Rubio Heads to Gulf as Iran Deal Sparks Anxiety Among U.S. Allies

US Secretary of State Marco Rubio arrived in Abu Dhabi on June 23, opening a high-stakes Gulf tour aimed at reassuring Washington’s closest Arab allies after a fragile cease-fire framework between the United States and Iran raised fresh questions over regional security and Tehran’s future ambitions. Rubio landed at Al Bateen Executive Airport before meetings with leaders in the United Arab Emirates, Kuwait, and Bahrain over the next two days, as Gulf capitals weigh the implications of a US-broke

Indian tech hub names road for Trump, draws flak from PM Modi’s party

A key road named after US President Donald Trump in India’s opposition-ruled tech hub of Hyderabad has drawn criticism from ‌Prime Minister Narendra Modi’s ruling party, which dismissed the move as “hypocrisy”. US-India ties have deteriorated during Trump’s second term, with Washington imposing high tariffs on Indian goods, punishing New Delhi for purchasing Russian oil, and engaging closely with India’s arch-rival Pakistan. The road in the capital of the southern state of Telangana, ruled by...

Hunt for cybercriminals: Strike against hackers: Microsoft and BKA shut down 200 servers

Investigators used AI and a new US law for the first time to stop two of the most widely used malware programs in the world. How access to 18,000 victim computers was prevented.

Trump offers Iran an economic lifeline — with strings

Iran has seen a speedy rebound in oil exports after the US-Iran deal granted immediate waivers on US sanctions. Relief on frozen assets and a $300 billion reconstruction fund now hinge on Tehran meeting key conditions.

Iran War: Still unclear about nuclear inspections in Iran

First, the head of the UN nuclear watchdog says that the monitoring of nuclear facilities is part of the US-Iranian framework agreement. Then Iran denied it again. But questions about money are still unanswered.

Singapore aims to lead Asia’s wellness race with US$770 million complex

As Singapore bets on becoming Asia’s leading wellness destination, tourism experts say the city state must prove that its attractions can draw international visitors in a region replete with spas, retreats and hot springs. A S$1 billion (US$770 million) waterfront complex scheduled to open in 2030 is expected to be a major driver of the country’s wellness sector. European developer Therme Group is slated to start work on the project in the third quarter, after being awarded the tender in...

Stock market: Chip company Hynix wants to raise $29 billion with a US secondary listing

Hynix wants to use the income from the secondary listing primarily to expand production capacities. The company also hopes to gain greater attention from US investors.

Ukraine war: Which European is sitting at the negotiating table with Putin?

At the meeting of the E5 leaders with NATO Secretary General Mark Rutte in Berlin, the question will also be how Europe can help Kiev despite declining US commitments.

Wife of ALS-stricken China e-commerce tycoon refuses divorce despite request

China’s most renowned amyotrophic lateral sclerosis (ALS) patient, Cai Lei, has been battling the illness for seven years following his diagnosis. His wife, Duan Rui, has supported him in her own way, also becoming a pillar for other families affected by ALS. After the former vice-president of Chinese e-commerce giant JD.com received his ALS diagnosis in 2019, Cai, now 48, emerged as one of the world’s most determined advocates against the disease, investing over 100 million yuan (US$15 million)