Finance news

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Comment: The EU package on technological sovereignty is right and wrong

Now it's official: The EU is publishing its change of course towards digital industrial policy. An overdue step, but one that also shows what is going wrong in Europe.

◇ unclassifiedgermany · europe

23d06/03

South Korea Locks In Canadian Crude, LNG in Sweeping Supply Overhaul

South Korea will triple its crude imports from Canada this year and boost LNG purchases from Canadian export projects in the coming years as the Asian economy looks to diversify energy supply amid the massive oil and gas supply shock in the Middle East. Canada and South Korea on Tuesday agreed to expand their commercial relationship in energy and natural resources during a meeting in Ottawa between Canada’s Minister of Energy and Natural Resources, Tim Hodgson, and Kang Hoon-Sik, the Republic of

◇ unclassifiedmiddle-east · russia · usa

23d06/03⚠ war-conflict · 2/5

+++ Ukraine War +++: Kremlin confirms Schröder's visit to Moscow

Russia: 754 Ukrainian drones intercepted +++ Russia announces further systematic attacks on Ukraine +++ Before the economic forum - Ukrainian drones hit St. Petersburg +++ The news blog.

◇ unclassifiedgermany · europe · russia

23d06/03

Private payrolls grew by 122,000 in May, stronger than expected, ADP reports

Unlike prior months, where job growth was concentrated in healthcare and a few other sectors, gains were more broad-based.

◇ unclassifiedusa

23d06/03

+++ Business figures +++: Luxury demand strengthens Macy's - sales grow for the first time in 15 quarters

AI boom gives HPE a record quarter +++ CTS Eventim benefits from the Winter Olympics +++ Salesforce with another record result thanks to AI - poor outlook +++ The news blog.

◇ unclassifiedgermany · europe

23d06/03

Data sovereignty: Cloud and chips: This is how the EU wants to become more independent from the USA

In the future, highly sensitive data will be stored on European servers and protected from foreign governments. However, the new EU law could create more bureaucracy.

◇ unclassifiedgermany · europe · usa

23d06/03

BörsenTag: Hochtief sets course for the Dax

The new composition of the DAX will be announced after the market closes. A look behind the method – and what to think of the potential newcomer Hochtief.

◇ unclassifiedgermany · europe · usa

23d06/03

Kuwait to Look at Expanding Global Oil Storage

The U.S. and Israeli campaign against Iran that began in late-February has led to unprecedented upheaval in global markets.

◇ unclassifiedmiddle-east · usa · iran

23d06/03

EU loses €16.7 billion annually from illicit tobacco trade, industry reports

Anti-tobacco advocacy groups describe report as a “disinformation tool”

◇ unclassifiedeurope

23d06/03

Trump Accounts create a 'legal backdoor' for Roth IRA wealth, tax attorney says

There’s a strategy that could help turn these new investment accounts into tax-free vehicles in retirement, some experts say.

◇ unclassifiedusa

23d06/03⚠ war-conflict · 2/5

Military: “Unhealthy dependency” – US general sees Europeans as responsible for NATO

The USA apparently has far-reaching plans to withdraw equipment and troops from NATO structures. A high-ranking US military official is now revealing details.

◇ unclassifiedgermany · europe · usa

23d06/03

Economic forum: The Foreign Office advised the AfD against traveling to Russia

AfD politicians are guests at Russian President Vladimir Putin's economic forum in St. Petersburg. The federal government is against the trip.

◇ unclassifiedgermany · europe · russia

23d06/03

Hospitality industry: “No Jews allowed”: Upper Palatinate hotel causes outrage

A hotel in the Bavarian Forest shocked a guest from Israel with a discriminatory response. Now the judiciary is investigating – and international outrage is growing.

◇ unclassifiedgermany · europe · israel

23d06/03

Three reasons Palo Alto Networks’ stock is falling despite upbeat earnings

Analysts attribute the stock drop to profit-taking, the timing of AI contributions and changes to reporting conventions.

◇ unclassifiedusa

23d06/03

Felix Banaszak: Investigations against Green Party leader over second home tax

According to his own statements, the Green party leader has accidentally paid too little second home tax since 2022. He apologizes, announces additional payment and cooperates with the authorities.

◇ unclassifiedgermany · europe

23d06/03

The US is delaying weapon sales to allies. Will there be long-term impact?

A number of factors may “lead even long-standing allies and partners to question whether or not it’s wise to continue to depend on the United States for essential defense articles and services,” one analyst said.

◇ unclassifiedusa · europe

23d06/03

Armament: Rheinmetall sells remaining civilian businesses

Rheinmetall is selling its remaining auto and energy activities to Aequita. The purchase price is around 350 million euros.

◇ unclassifiedgermany · europe

23d06/03⚠ war-conflict · 3/5

Petersburg Economic Forum: Drones and smoke overshadow Putin's economic forum

Russia wants to shine before the world at its international economic forum in St. Petersburg. However, a Ukrainian drone strike sets an oil refinery on fire. Black smoke rises.

◇ unclassifiedgermany · europe · russia

23d06/03

Diseases: WHO chief: “We are lagging behind in the fight against Ebola”

Only 45 percent of contacts with people infected with Ebola are currently isolated - and, according to the WHO boss, this is significantly too little. The virus has a head start so far.

◇ unclassifiedgermany · europe

23d06/03⚠ war-conflict · 2/5

Want to save the planet? Stop being so polite to AI chatbots

Skipping pleasantries like “please” and “thank you” when talking to chatbots could save enough energy to power the annual needs of 760,000 residents in sub-Saharan Africa, highlighting the massive but often hidden environmental toll of artificial intelligence, according to a new UN report. Released by the Institute for Water, Environment and Health under the United Nations University, the UN’s academic arm, the study published on Wednesday also warned that the true cost of AI extended far beyond

◇ unclassifiedchina · asia

23d06/03

Arms industry: Rheinmetall sells car division – the price is lower than hoped

After long negotiations, the investment company Aequita is taking over the civil business of the DAX group. However, Rheinmetall boss Armin Papperger has to make major concessions.

◇ unclassifiedgermany · europe

23d06/03⚠ war-conflict · 3/5

Deadly Russian Strikes Across Ukraine Renew Calls for More Air Defenses

Despite more than four years of full-scale war and repeated attacks on civilian infrastructure, Ukrainians were shocked by the intensity of the latest Russian missile and drone barrage overnight that left death and destruction in Kyiv, Dnipro, and other cities. The June 2 attack came days after Moscow warned of further strikes on the capital, including against what it called Ukraine's "decision-making centers," and urged foreign citizens and diplomats to leave the city. Russia pummeled the Ukrai

◇ unclassifiedmiddle-east · russia · usa

23d06/03

I’m 73 and living 100% off dividends from my stocks. How can I create even more income?

A “bulletproof” portfolio may be impossible, but you can try to get close if you have enough money invested

◇ unclassifiedusa

23d06/03

Europe unveils tech sovereignty package amid growing concerns over reliance on U.S. tech: 'We want to be sure nobody has a kill switch'

The proposals include new acts to bolster advanced chip manufacturing and homegrown cloud computing.

◇ unclassifiedusa · europe · russia

23d06/03⚠ war-conflict · 3/5

China, tungsten and a supply shock in metal critical for war that will last far beyond Iran conflict

Simultaneous wars in Ukraine and Iran have depleted sources of tungsten, a largely obscure metal that is critical to munitions and industrial production.

◇ unclassifiedusa · china · uk

23d06/03

Repsol Adds 200,000 Tons of Annual Capacity for Renewable Fuel Production

The Spanish energy company producing renewable diesel at its Puertollano Industrial Complex in Ciudad Real, its second plant dedicated exclusively to producing 100 percent renewable fuels.

◇ unclassifiedmiddle-east · usa

23d06/03⚠ war-conflict · 2/5

Collective bargaining: Verdi announces new nationwide warning strikes in retail

Warning strikes again: In the ongoing collective bargaining, the union is increasing the pressure on employers in retail - with rallies in several cities.

◇ unclassifiedgermany · europe

23d06/03

Artificial intelligence: AI assistant cracks telephone million in medium-sized businesses

The Viennese start-up Fonio now counts over a million AI calls every month. Founder Daniel Keinrath advertises GDPR-compliant servers in Germany.

◇ unclassifiedgermany · europe

23d06/03

Funding: The federal government cannot get rid of ten billion euros

First the special fund, now the “climate and transformation fund”: the federal government is unable to spend its billions on investments. A new report explains the reasons.

◇ unclassifiedgermany · europe

23d06/03

High depreciation: Rheinmetall sells car division to financial investor Aequita

At the beginning of May, the FAZ reported exclusively that Rheinmetall is negotiating with the financial investor Aequita about the sale of its ailing car division. Now the deal is sealed - and with it the farewell to the civilian business.

◇ unclassifiedgermany · europe

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