Finance news

Armament as a growth market: Vodafone is entering the defense business

The telecommunications company wants to be more involved in armaments - and Germany plays an important role in this. Secure communication for police and emergency services or mobile communications for the US Army are said to have been just the beginning.

US Federal Reserve: Once the most powerful monetary politician – Alan Greenspan is dead

He was considered an oracle, but is also associated with the financial crash of 2008: For a long time, Alan Greenspan, as head of the central bank, ruled over the interest rate policy of the world's largest economic power.

Kyiv’s drone leverage moved the US. Moscow could be next, a top Ukrainian official says.

After years of needing Western weapons, Kyiv is approaching negotiations with battlefield tech the U.S. now wants — and a possible ceasefire looming.

Iran Gets Oil Trading Respite from US

The Treasury Department issued a temporary, 60-day license allowing Iran to sell some of its energy exports through August 21, a sweeping change after years of increasingly punitive economic sanctions.

As Europe rearms, can it decouple its military supply chains from China?

Europe’s defence industry would gradually reduce its reliance on China during the continent’s ongoing rearmament drive, rather than decouple completely, analysts said. On Wednesday, during the Group of Seven summit in Evian-les-Bains, France, the leaders of France, Germany, the UK, Italy, the US, Canada and Japan signed a declaration on securing supply chains for critical minerals. Without naming China, the leaders agreed to “significantly reduce” their dependency on a “single supplier outside..

Wall Street: US stock markets are inconsistent - picture agency gains more than 100 percent

US investors continue to wait despite peace signals from Switzerland. An important indicator for US monetary policy will also be published this week.

US couldn’t repair battle-damaged ships in war with China, study finds

Battle-damaged U.S. warships could not be quickly repaired and returned to combat during a war with China, according to a new study by RAND.

Colombia: Ultra-right candidate De La Espriella wins presidential election

Abelardo De La Espriella won a narrow victory in the runoff election for the presidency. According to the preliminary results, he received 50 percent of the votes. During the election campaign, De La Espriella was able to rely on the support of US President Trump.

Iran agrees to invite IAEA inspectors back, says US

Tehran has agreed to invite International Atomic Energy Agency inspectors back into the country, US Vice-President J.D. Vance said on Monday, after a first round of US-Iran talks towards ending the Middle East war. “The Iranians have agreed to invite IAEA inspectors back into their country,” Vance told reporters at Switzerland’s isolated Burgenstock resort, where his talks with Iran’s chief negotiator Mohammad Bagher Ghalibaf opened on Sunday. “That is a major milestone for the American people..

Frozen Iranian assets could be used to buy US soybeans in ‘classic Trump deal’: Vance

Iran should use funds unlocked by Washington to buy US agricultural products, according to Vice-President J.D. Vance, who said on Monday it would help feed the country’s population while making American farmers richer. Iran has not indicated whether it would accept the terms. Vance credited US President Donald Trump’s son-in-law Jared Kushner with the idea, which he described as a “very, very good, and very classic Trump deal”. The White House is seeking export markets outside China ahead of the

Low-cost airline: Easyjet resists takeover offer

What will become of Easyjet? The US investor Castlelake wants to buy the airline, but it rejects it. Castlelake is combative. Lufthansa's competitor Air France-KLM could also play a role.

China’s green exports to the US surge as AI boom, Iran war lift demand

China’s exports of green-energy and battery products to the United States have accelerated amid demand in America’s fast-expanding AI sector, as cooling trade tensions and energy-security fears linked to the Iran war boost global appetite for renewable-energy equipment. Energy-related products posted some of the strongest gains among Chinese exports to the US last month, according to the latest customs data. Exports of unassembled photovoltaic cells surged 346 per cent year on year to US$39.96..

The man who knew, but didn't say: Alan Greenspan (1926-2026)

Alan Greenspan’s reputation as head of the US Federal Reserve was legendary — not least because of his reputation for convoluted statements. However, the 2008/9 financial crisis took a toll on his standing.

Alan Greenspan: The magician is gone

Alan Greenspan was considered the magician of the markets and headed the Federal Reserve under four US presidents. He mastered the art of concealment. Now he has died.

Australian public cooling on Trump’s US while thawing on China, survey finds

Australian trust in the United States has hit a record low, while the public mood towards China has warmed for the fourth year in a row, according to a new opinion poll. In an unprecedented shift, 51 per cent of those surveyed said the country’s relationship with China was more important than that with the US, compared with 45 per cent who said America should take priority. Only 31 per cent of those questioned in the Lowy Institute’s annual poll said they trusted the US to act responsibly in the

What does US Pacific Command name change mean for China and India?

In a layered signal to Indo-Pacific nations and America’s domestic audience, the Trump administration last week said the US Indo-Pacific Command would revert to its long-used name, the US Pacific Command. The Honolulu-headquartered command was renamed in 2018 during Donald Trump’s first presidency. The administrative order by the Department of Defence was justified to honour the legacy of America’s oldest and largest unified combatant command, established in 1947. In the run-up to the 250th...

US Federal Reserve: Former US Federal Reserve Chairman Alan Greenspan dies

Greenspan led the Fed from 1987 to 2005 and earned the title of “oracle” with his assessments. The bursting of the real estate bubble after his departure cast a shadow over his career.

Alan Greenspan, former US Fed Reserve chair, dies aged 100

Alan Greenspan, hailed as the greatest Federal Reserve chairman when he retired in 2006 but derided for a severe financial crisis that followed barely two years later, died on Monday aged ⁠100, NBC News reported. Greenspan, who exerted a powerful influence on the US economy ⁠during his tenure at the helm of the Fed from August 1987 to January 2006, died at his home ⁠from complications of Parkinson’s disease, NBC reported, citing his wife Andrea Mitchell, who is the outlet’s chief Washington...

Current oil price: Oil prices are falling after progress in the US-Iran conflict

Oil prices are falling significantly following progress in the US-Iran talks. A new communication format aims to prevent incidents in the Strait of Hormuz.

Can China’s latest air-to-air missile take on its US equivalent? Definitely maybe, experts say.

The PL-16’s specs would let it chase large, slower-moving aircraft, one analyst said, though its effectiveness against smaller, faster planes is unclear.

US Federal Reserve: Former Fed Chairman Greenspan dies at the age of 100

Former Fed chief Alan Greenspan is dead. The 100-year-old shaped the monetary policy of the world's most powerful central bank for almost two decades.

Fed: Former US Federal Reserve Chairman Greenspan dies

The former chairman of the US Federal Reserve has died at the age of 100. Greenspan was known for his communication and his own style.

Alan Greenspan, former US Federal Reserve Chairman: The magician of the markets

Hot baths, sharp analyses: The legendary central bank chairman Alan Greenspan has died at the age of 100. How the “Maestro” continues to shape the financial world today.

Alan Greenspan, former US Federal Reserve Chairman: The magician of the markets

Hot baths, sharp analysis: the legendary central banker Alan Greenspan was famous for his methods. Now he's turning 100 - and he has some advice for the new Fed chief.

USA: Dispute between Trump and Meloni continues: “My popularity is none of your business”

The Italian Prime Minister rejected the US President's criticism on Saturday that she only wanted to befriend the US because of its popularity. “I suggest you focus on your own,” Meloni countered.

Iran Says Stride Made with US after Talks Began

Iran said there had been 'major progress' in all-night discussions with the US, as the warring sides try to reach a peace deal within two months.

Armament: Safer to the front: Airbus is planning unmanned helicopters

The war in Ukraine is forcing helicopter manufacturers to make new developments. The Airbus subsidiary Helicopters is expanding production and even convincing the US Army with its concept.

Japan's JERA to build large gas-fired plant for US data center for $3bn

What retail apocalypse? Southeast Asia’s malls are sitting pretty

A cursory look at the ranking of the world’s largest shopping centres shows the scale of the decline in the US retail property market. The US has only one, the Mall of America near Minneapolis, Minnesota, among the top 20. This is not surprising given that virtually no shopping centres were built in the last two decades. A succession of shocks – which included the disruptive impact of e-commerce, the financial woes of department stores that served as anchor tenants for most malls and the damage.

+++ Iran War +++: Qatar reports explosion when LNG plant restarts – dozens injured

Lebanon's President discusses ceasefire with US Vice President Vance +++ USA and Iran agree on approach for final agreement +++ The news blog.