Finance news

VW in transition: Volkswagen has to dare to do more with Tesla

VW boss Blume wants a lean and regionally focused group. It will be difficult for politicians and trade unions to take a position against it. A comment.

Social◇ unclassifiedusa · korea

$26.5B for memory chips. good luck financing a copper mine.

Wall Street can still find money for AI very quickly. SK Hynix just raised about $26.5B in its U.S. listing, even after a pullback in chip stocks. That is a huge number, and it says investors still want exposure to the AI infrastructure chain. The slower part is everything underneath it. More chips mean more data centers, more power infrastructure, more substations, more transmission, more electrical equipment, and eventually more copper demand. AI capital can scale in quarters. Copper supply us

◇ unclassifiedgermany · europe · uk

Big bang before the election: Prime Minister Wegner no longer wants to be the top candidate

Kai Wegner pulls the ripcord: After constant criticism of a tennis match and false information, Berlin's head of government withdraws as the top candidate - and causes the CDU to falter shortly before the election.

◇ unclassifiedusa · europe

The autonomous CCA wingmen of 2030 may look nothing like today’s assumptions

While services test teaming with Collaborative Combat Aircraft, industry faces hard questions.

AI briefing: What you should do now about high AI costs

For a long time, the large AI laboratories dictated the pace and prices. Now customers learn to compare models, control costs and limit dependencies. This week's AI news.

Can you pass this money quiz?

Also: How young people buy homes, the Trump-account lowdown and three stock screens.

◇ unclassifiedusa · korea

SK Hynix’s stock looks primed for a pop in its Nasdaq debut

The South Korean memory company’s American depositary receipts begin trading on Friday.

4d07/10⚠ shipping-routes · 3/5

UAE Oil Output Hits All-Time High, Doubling Pre-Crisis Levels

The United Arab Emirates (UAE) produced 4.1 million barrels per day (bpd) of crude oil in June, its highest output ever, according to estimates by the International Energy Agency. The UAE’s crude oil production jumped from 3.3 million bpd in May to 4.1 million bpd in June after the country left OPEC effective May 1, started raising output, and managed to sneak a lot of exports out of the Middle East even as the Strait of Hormuz was mostly blockaded for the first half of June. The crude oil produ

◇ unclassifiedmiddle-east · russia · usa

◇ unclassifiedusa · europe

Six takeaways from the 2026 NATO Summit

From deep strike funding to a relatively tame Trump, what emerged from the event will have largely pleased most of the 32 allies.

Reform: Billions in savings in health spending are coming

The black-red coalition is pushing through a major reform before the summer: the austerity law for health insurance spending has been sealed after a long struggle. Are higher contributions now off the table?

◇ unclassifiedmiddle-east · usa

Venezuela Breaks Up Oil Monopoly Under New Rules

Venezuela's interim government published long-awaited oil regulations on Thursday.

Trump says he won't sign housing bill, which would become law automatically

Congress passed the bill that aims to address the costs of homes and rein in institutional investors with strong bipartisan support in June.

My insurance company said my roof lost a few tiles. Loss adjusters found $10,000 in storm damage. How could this happen?

“My house shook violently from the wind.”

◇ unclassifiedgermany · europe · usa

Dow Jones, S&P, Nasdaq: The Middle East is depressing the mood of the US stock markets – investors are holding back

Stocks are falling, oil remains under pressure, the dollar is falling. The fragile ceasefire in the Middle East is keeping investors on tenterhooks. Apparently the efforts to negotiate are continuing.

Condos are getting cheaper — but list prices don’t include this fast-growing hidden cost

New lending requirements, rising insurance premiums and aging buildings have contributed to the rising cost of condo ownership.

Heating law: Bundestag passes new heating law

The Bundestag has passed the new building modernization law. This overturns key points of the regulations decided by the previous traffic light government.

4d07/10⚠ war-conflict · 3/5

Fidji Simo: Top Open AI manager resigns

Fidji Simo came to the AI company almost a year ago as a great hope. Why she is giving up her post now.

◇ unclassifiedchina · asia

Hong Kong eases proposed health check rules for elderly commercial drivers

Hong Kong authorities have relaxed a recent proposal requiring mandatory annual medical check-ups for commercial vehicle drivers aged 65 to 69, reducing the frequency to twice in five years following an industry backlash. The proposal, set to take effect in mid-2027, will reduce the age threshold for mandatory medical certification for commercial vehicle drivers from 70 to 65. In a policy paper submitted to the legislature on Friday, the Transport and Logistics Bureau said the move was aimed at.

◇ unclassifiedchina · asia · usa

Trump says he will not sign bipartisan housing bill: ‘a big yawn’

US President ⁠Donald Trump said ⁠on Friday he would ⁠not sign a bipartisan housing affordability bill that he had called “a big yawn”, but the measure can become law without his signature. Trump said in a social ‌media post that he was withholding his signature “in PROTEST over the fact that the United States Senate is not capable of passing THE SAVE AMERICA ACT”. The housing bill was a rare instance of bipartisan agreement on major ⁠legislation in the deeply divided Congress. Among its main...

◇ unclassifiedchina · asia · usa

Hong Kong and Shenzhen the perfect end points for modern Silk Road: leading economist

Prominent economist Jeffrey Sachs says he chose Hong Kong and Shenzhen as the final stop on an overland journey retracing the footsteps of Marco Polo because of their significant role in powering the world’s green and digital age. The Columbia University professor set off from Rome on June 13 for a 43-day, 15,000km (9,300-mile) journey, the Marco Polo Drive of Peace, Culture and Sustainable Development. The former adviser to the UN secretary general said the journey was designed to send a...

◇ unclassifiedmiddle-east · russia · usa

Bureaucracy Is Strangling America's Clean Energy Buildout

The global energy system is facing a polycrisis. Consecutive and escalating geopolitical crises have thrown the world’s oil and gas markets into turmoil, the artificial intelligence boom is placing unprecedented stress on power grids and threatens to drive a major energy supply deficit in the near future, and all of this is taking place against the backdrop of dangerous heat waves, underscoring the cost of our energy system and the urgency of the global clean energy transition. So what is standi

These are America's 10 most expensive states for 2026, where inflation is punishing residents

These 10 U.S. states are the most expensive places to live in America in 2026, with inflation punishing residents to an extreme degree.

◇ unclassifiedgermany · europe · uk

Retail: Purchase advisor defies AI – how Stiftung Warentest and Co. want to maintain their business

Stiftung Warentest, “Bild” and “Chip” make money from product tests – but AI agents threaten their models. How providers counteract this.

Electricity affair: Berlin's governing mayor Kai Wegner withdraws from the top candidacy

Berlin's governing mayor Kai Wegner is giving up his candidacy for the CDU in the House of Representatives elections in September. However, he will remain in office until the election.

◇ unclassifiedgermany · europe · china

Export ban: Helium shortage endangers China's future industries

China's industry is sounding the alarm. The reason: Qatar, the largest helium supplier, is failing, while Russia, the second largest supplier, is supplying much less. Beijing takes emergency measures.

48-year-old worked at a garden center for $17/hour to make ends meet: 'It's one of the best jobs I've ever had'

"Without a job, I felt invisible. With a job, I felt seen, useful, and purposeful again," says Leslie Friday, who sold plants and flowers while job searching after a layoff. "I loved every minute."

Development service provider Magna: “When BMW coughs, Magna gets pneumonia”

The car manufacturer BMW has to save money and is increasingly restricting external developments. This particularly affects the former house and court supplier Magna.

Car crisis: Financial investor 3i says goodbye to automotive service provider Formula D

New owner for the ailing automotive quality inspector Formula D: The investment company 3i is out. That's what's behind the deal.