Finance news

Iran War – the current situation: USA and Iran attack each other in the Gulf region

Despite the ceasefire in force, there are renewed attacks on each other. Tehran says it is retaliating after a US attack on an unloaded oil tanker.

No agreement: EU reform of air passenger rights is in danger of failing

At what delay are air travelers entitled to compensation? And how much money do they get then? The EU has been working on reform for a long time - and still cannot find a compromise.

China’s anti-corruption watchdog targets its former senior official Li Xiaohong

Li Xiaohong, a former senior disciplinary official in charge of national inspection, has been placed under investigation for suspected severe disciplinary and legal violations, China’s top anti-corruption authorities said on Tuesday. The downfall of the 73-year-old veteran – known for spearheading high-level anti-corruption crackdowns and his top disciplinary roles at the securities regulator – underscores Beijing’s continued efforts to target corruption among its most senior disciplinary...

Electromobility: Almost 42,000 applications for electric car bonuses have already been submitted

After just two weeks, tens of thousands of e-car buyers have already applied for the new government subsidy after registration.

Asia: AI rally drives Nikkei above 68,000 points for the first time

Semiconductor supplier Tokyo Electron and test equipment manufacturer Advantest helped the Nikkei set a new record.

Mega Stock Market Plans: Why These Three Men Need Trillions of Dollars

Anthropic and OpenAI want to go public, Google is borrowing billions: the AI ​​race is increasingly becoming a battle for money. This is due to the specifics of the technology.

60 Minutes correspondent fired after clashing with bosses over US show

CBS News has terminated the ⁠contract of 60 Minutes correspondent ⁠Scott Pelley, two sources at ⁠the network said on Tuesday, joining more than half a dozen departures in recent weeks. “Your antipathy to the future of the show has come through loud and clear. And I have heard you,” the show’s ‌executive producer, Nick Bilton, wrote in a Tuesday email to Pelley that was seen by Reuters. “I therefore write on behalf of CBS News, Inc. (“CBS”) to inform you that your employment with CBS is...

Alleged luxury car race crash that killed 5 renews Malaysia’s road safety concerns

Two siblings allegedly racing against each other in luxury cars, causing a multivehicle crash in Johor state that killed five people – including four members of a family – have once again put the spotlight on the “serious public health challenge” facing Malaysia’s roads. Police arrested a 19-year-old driver of a Mercedes-Benz, identified by local media as a Singapore university student, over Monday’s accident which occurred on a highway linking Kluang to Simpang Renggam in Johor. Police said a..

ID. Polo and Cupra Raval: VW starts building cheaper electric cars – but only in Spain

With the ID. Polo and Cupra Raval, VW wants to conquer the affordable electric car segment. Production of the hopefuls is now starting - but not in Germany.

19m with 5k to invest long term

I have about $5,000 to invest and I’m trying to build my first real portfolio. I want to get into ETFs, but I’m not sure how much of my portfolio should be ETFs vs individual stocks. My main interests are AI and technology like chips, software, and big tech, and also materials like silver and copper that are used in things like electronics, iPhones, and chips. I’m also not sure how to approach individual stocks. If I buy ETFs, do I need to avoid buying the same companies as individual stocks to

Yen touches 160 against dollar, erasing intervention gains

H&M-backed Syre's Vietnam plant offers recycling alternative to China

Kioxia briefly overtakes Toyota, rises to No. 2 in Japan by market cap

Taking care of your family shouldn’t wreck your retirement

Unpaid family work is costing caregivers $1,000 a month. Here is how Congress wants to help them catch up.

High tax loss: billion-dollar business with black market cigarettes is booming

A carton of branded cigarettes costs roughly 90 and 100 euros in Germany - or a fraction of that on the black market. The demand for backyard goods is increasing, a study shows.

China’s AI chip demand pushes South Korea into a rare surplus with top trade partner

South Korea has emerged as a rare bright spot among East Asian economies trading with China, as booming demand for memory chips pushes its balance with its largest trading partner back into a surplus. The country’s trade position with China had strengthened steadily this year, swinging from a US$764 million deficit in December 2025 to a US$1.1 billion surplus in February, before widening further to US$3.8 billion in May, according to data from South Korea’s Ministry of Trade, Industry and...

Cheap solar power: war and minister bring boom to solar industry

After boom years, interest among German homeowners in solar systems on the roof has recently waned significantly. But the Iranian war and Minister Reiche are giving photovoltaics a special boom.

Billionaire calculation: Study: Ending early retirement would save billions

The government is facing decisions on a reform package, including the issue of pensions. According to a study, billions of dollars would be saved if the tax-free early pension were eliminated.

United Nations: Election in the UN Security Council: Germany is threatened with a shaky game

Will Germany succeed in joining the UN Security Council for the next two years? It is clear that it will be a close race. And a defeat could also reflect on the Chancellor.

Transferring funds from Indonesia to EU

Hello! I'm going to get on an exchange program in Germany, and I'm due to open a bank to receive stipends and additional funds from my home country of Indonesia to an EU bank account. My receiving uni recommends N26 or Wise, though I've heard of Revolut getting bounced around as well. I'm also curious on what's the best way to transfer money safely and without excessive fees between the two countries. First that comes to mind is transferring USDT between two Crypto accounts, and then withdrawing

Supreme Court allows Alabama to use congressional map that dilutes Black vote

The ruling is a victory for Republicans, who have sought to retain their slim majority in the House of Representatives by redistricting in various states.

Australia's first-quarter economic growth misses estimates on severe weather, weak demand

The country's GDP expanded 2.5% in the first three months this year, compared to a year earlier, missing economists' expectations for a 2.6% growth.

Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author

The new Fed chair has made his first hires. One wrote the Fed chapter in conservative policy blueprint "Project 2025."

Admission of Ukrainians: Extension for Ukrainian admission with exception for men?

EU states are discussing: Should Ukrainian men of a certain age group be excluded from general protection in the future? Who would be affected and what rules might apply in the future.

Monetary policy: ECB speeches in an exclusive AI check: This is how serious the central bankers are about interest rate increases

The Governing Council of the ECB has taken up the fight against inflation in a more united manner than ever before. Internally, this is seen as a credit to ECB boss Lagarde. But the unfamiliar unity comes at a price.

Bayer: “There’s more to come”: Glyphosate plaintiff lawyers are demanding $685 million in fees

Bayer is heading for the final phase in the comparison with the glyphosate plaintiffs. Their lawyers support the agreement. In the event of failure, Bayer has a far-reaching option open.

Clashes erupt in UK city over racially charged case of police handcuffing dying student

Video of a dying student who was handcuffed by British police after being stabbed by a Sikh man and falsely accused of racially abusing his murderer sparked outrage on Tuesday, with protesters throwing bricks at police. Eighteen-year-old Henry Nowak was heard repeatedly telling officers: “I can’t breathe” in police bodycam footage captured as he lay mortally wounded in December after a night out with his football team members. Far-right figures have seized on the case, including firebrand Tommy.

Comment: The AI ​​boom is the thread by which the global economy is hanging

A handful of American tech companies are driving global growth. The dependency is becoming ever greater and increasingly risky. The risk of crashes is growing.

Telecommunications: Ex-Telekom CTO is to move to rival Verizon

Abdurazak “Abdu” Mudesir recently unexpectedly left Telekom. According to insiders, his move to competitor Verizon is being prepared - a direct rival in the most important market.

China to the Philippines: don’t let ‘a few clowns’ sabotage ties with ‘political theatrics’

Beijing has condemned remarks by Philippine defence chief Gilberto Teodoro Jnr, saying the comments seriously damaged bilateral trust and showed a lack of gratitude for Chinese aid. China’s foreign ministry on Tuesday called on Manila to take action to prevent “a few clowns” from sabotaging bilateral ties through repeated political theatrics, as ties between the two neighbours remained strained. On the sidelines of the Shangri-La Dialogue in Singapore, Teodoro said during an interview with...