Finance news

Diplomacy: “Completely made up”: Meloni counters Trump statement

The US President told an Italian television station that Italy's Prime Minister had "begged" him for a photo together at the G7 summit. Meloni rejected this: “Neither I nor Italy ever act as supplicants.”

US stocks: $1.4 trillion: Credit-financed stock purchases have more than doubled

Investors in the US are buying more stocks on credit than ever before, data from the regulator Finra shows. Development is approaching a critical threshold.

War in the Middle East: Conflict in Lebanon tests US deal with Iran

Talks between Washington and Tehran about ending the Iran war are delayed. The reason is fighting between Israel and Hezbollah in Lebanon. A new ceasefire announced is fragile.

Iran Delays Permanent Peace Talks after Lebanon Clashes

Iran delayed the start of negotiations over a permanent peace deal with the US after fighting intensified in southern Lebanon.

Can Europe build its own AI heavyweights to rival the US?

With AI dominated by US firms, Europe is pushing for more independence. New partnerships, investments and startups aim to boost the continent's digital sovereignty, but challenges around funding and regulation remain.

Could China make a sea-skimming hypersonic missile a real nightmare for the US?

A Chinese hypersonic missile faster than five times the speed of sound, racing just above the sea surface, while staying below the radar horizon. Could this be a new nightmare for the US Navy? Possibly, if a new ambitious low-altitude hypersonic flight research programme launched by the Chinese Academy of Sciences (CAS) on Monday yields results. The programme will look into the technology that could support the development of such weapons. The project, funded under CAS’ Stable Support Programme.

Oil Markets Need More Than a Peace Deal to Recover

The Iran framework agreement gave an immediate boost to markets, with shares rising and oil prices dipping. But whether this translates into durable economic gains will largely depend on shipping in the Strait of Hormuz. There were signs of traffic beginning to revive on June 18 in the hours immediately after the US and Iranian presidents signed a memorandum of understanding to end the war, according to Windward, a maritime intelligence company. Speaking in an online briefing, Windward chief ana

Israel and Hezbollah agree to ceasefire, US official tells BBC

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US-Iran agreement: In Israel they call the Iran deal “glorious failure”

Benjamin Netanyahu's government has failed to achieve its war goals in Iran. There is talk of “surrender”. Some are already betting on Donald Trump's volatility again.

Riedl's Dax radar: Why the rally on the US stock exchanges can continue - and then also take the Dax with it

While Fed Chairman Kevin Warsh is causing irritation, high-tech stocks are boosting the stock markets. Even the Dax could take off again in the summer.

AI has been known to hallucinate. So have financial markets

We’ve never had it so good. The S&P 500 and Nikkei 225 have hit record highs this month. SpaceX had its spectacular initial public offering, the largest in history. The company raised an eye-popping US$75 billion and saw a sharp rise in its share price to a mind-blowing valuation of US$2.5 trillion in two days. The US-Iran deal on reopening the Strait of Hormuz caused petrol prices to drop back to below US$4 per gallon. Global stock markets are creating seemingly unstoppable wealth for...

Italian minister cancels US trip after Trump claims Meloni begged him for photo

Italy’s foreign minister on Friday cancelled a visit to the United States over reported comments by US President Donald Trump that appeared to mock Prime Minister Giorgia Meloni. “The grave and offensive words of President Trump … offend the whole of Italy,” Foreign Minister Antonio Tajani, who had been due to visit the US on Sunday and Monday, said on social media. Meloni said she was “stunned” by Trump’s comments to Italian channel La7 in which, according to a transcript provided by the...

Current oil price: US-Iran agreement stalls – oil prices rise slightly

Oil prices are rising slightly after the recent decline. At the same time, the US-Iran framework agreement is stalling. Lack of clarity about talks and Hormuz rules is slowing shipping traffic.

US dropping of 'Indo' from Pacific Command adds pressure on India ties

China's tobacco monopoly warns of profit hit from reduced US leaf imports

Business ticker: Industrial group Schaeffler is building combat drones with a French partner

US government investigates drug prices in Germany +++ VW supervisory board member Susanne Wiegand quits +++ Apple is planning price increases for its products +++ News in the company's live blog.

9 arrested after HK$2.7 million in cash, goods stolen from Hong Kong farm

Hong Kong police have arrested nine people in connection with two burglaries at a farm in Tin Shui Wai, with some of the stolen items already pawned in Macau and the total losses exceeding HK$2.7 million (US$344,500) in cash, watches, jewellery and gold. Senior Inspector Lam Ka-kit of Yuen Long district’s crime squad said the suspects, comprising eight men and a woman, allegedly belonged to a syndicate, with each member assigned a detailed role in the burglaries. “The force believes that some...

+++ Iran War +++: Netanyahu accuses Hezbollah of breaking the ceasefire

Iran apparently invites IAEA inspectors to nuclear facilities +++ New deaths in Israeli attacks in Lebanon +++ US ambassador shows understanding for Israel's attacks in Lebanon +++ The news blog.

ASML: Chip supplier dismisses US concerns about investment in China

ASML has never delivered an EUV system to China - the company explains this after reports of possible violations. US Secretary of Commerce Lutnick had previously expressed concerns.

War in the Middle East: How the conflict in Lebanon threatens the US deal with Iran

The start of talks between Washington and Tehran in Switzerland is a long time coming. Meanwhile, the situation between Israel and Hezbollah in Lebanon is heating up. There are deaths on both sides.

Iran War: Peace talks between the USA and Iran in Switzerland canceled for the time being

The meeting between representatives from Washington and Tehran planned for Friday has been canceled. However, US Vice President Vance said he still expected negotiations “to begin sometime this weekend.”

Trade: USA launches investigation into German drug prices

According to US Trade Representative Greer, Washington wants to examine whether Germany is paying too little for innovative medicines and whether this is inappropriate or discriminatory. He is particularly concerned about the planned health care reform, explained Greer.

Italy rejects aid scheme that buys US weapons for Ukraine’s defense

NATO has said the Prioritised Ukraine Requirements List (PURL) mechanism has helped fund the purchase of air-defense systems, in particular.

Chinese man marries woman 3 days after blind date video call, regrets 9 days later

A Chinese man whose dating of a woman consisted of a five-minute video call before marrying her within three days regretted what he had done just nine days later. The 32-year-old man, surnamed Gu, who is from the eastern province of Zhejiang and is a single child, blamed parental pressure for his rash decision. He spent 200 yuan (US$30) to register with a local matchmaking centre, which introduced him to three local women. They were not interested in him. The matchmaker suggested women from...

US curbs Anthropic AI access, raising global concerns

The Trump administration has restricted foreign access to Anthropic's latest AI models over security fears, forcing a global shutdown. Could the row hurt the Claude-maker's IPO plans and set a far-reaching precedent?

2 wars later, US-Iran nuclear diplomacy returns to square one

After two wars in the space of a year, diplomacy over Iran’s nuclear programme has come back to much the same place it was before the fighting began. The memorandum of understanding signed by US President Donald Trump and his Iranian counterpart, Masoud Pezeshkian, on Wednesday sets up talks that non-proliferation experts said would largely resume the US-Iran diplomatic track Washington broke off in February. That track had built on Oman-mediated talks – part of a wider Gulf diplomatic effort...

G7 rare earths, US-Iran peace deal, Summer Davos

The Group of Seven nations this week agreed to pare their reliance on China for vital raw materials, while European leaders struggled to reach a consensus on how to respond to a flood of low-cost Chinese imports. No single country should supply more than 60 per cent of the G7 nations’ rare earths and permanent magnets by 2030, their leaders agreed during a summit in Evian, France. The nations will subsequently aim for a 50 per cent limit as quickly as possible. Targets for other critical...

Hong Kong singer Eason Chan snaps up US$23m home as celebrities flock to luxury property

Hong Kong actor and singer Eason Chan bought a HK$182.53 million (US$23.29 million) property in the city’s Southern district, according to official records, joining a list of the rich and famous who have recently snapped up luxury homes. Chan, whose full name on the official record was Chan Yick Shun Eason, purchased the home in Shouson Hill in a deal registered on Wednesday, records from the Land Registry showed. Agent listings showed that the property had four rooms and a garden, with a...

Fighting flares in Lebanon: 18 die in strikes, Israel reports 4 soldiers killed

Lebanon said 18 people were killed on Friday in Israeli air strikes in the south, while Israel’s military reported its first soldiers killed there since the sealing of a US-Iran deal to halt the Middle East war, including in Lebanon. Israel had said it was striking Hezbollah targets overnight and into the morning, while the Iran-backed militant group said it was attacking Israeli forces around the southern town of Nabatieh. “The intensive Israeli air strikes carried out from midnight until this.

War in the Middle East: Despite US deal with Iran: No end to violence in Lebanon

The violent clashes between Israel's army and the Shiite militia Hezbollah in Lebanon continue unabated. What does this mean for the agreement between Washington and Tehran?