Finance news

Hong Kong looks beyond Iran war in cultivating China-Mideast business

Japan and India must harness middle-power momentum in the Indo-Pacific

Australian workers vow strike at world's largest iron ore bulk export port

Japan weighs dedicated agency to support Self-Defense Forces retirees

ADNOC, Mitsui Ink Broad Energy Partnership

ADNOC and Mitsui will explore collaboration in 'crude oil market development and long-term supply, LNG sales and optimization, sulfur procurement and logistics, and shipping solutions for LNG, ammonia, sulfur and other commodities', ADNOC said.

Crisis in the auto industry: BMW sales fall by 4.9 percent

China and the Asian market in particular are depressing the numbers. Things are going better in Europe and the USA. Compared to the German competition, the people of Munich are doing a little better.

Transport: More speed in transport projects – the Federal Council also approves the law

Motorways, railway lines and waterways should be planned and built more quickly. This is the goal of legal reform. A key term is “overriding public interest”.

Japan: World's largest pension fund to switch to domestic investments

The focus is on the Government Pension Investment Fund. Any change in his investment strategy has far-reaching consequences for the global financial markets.

Savings program: Oliver Blume announces the biggest realignment in VW history

VW boss Blume promises a new beginning, but clarity is lacking: plant closures, job cuts and a “comprehensive realignment” are on the horizon. What is VW really planning?

Corporate culture: 31 factors determine the success of your transformation

A company restructuring often fails because of the employees. A current study shows that readiness for change can be trained.

H5N1 Down Under: Concern for Australia's wildlife: Bird flu is spreading

Danger for Australia's unique wildlife: It was only in June that the currently rampant bird flu was detected on the last continent that has so far been spared. Now a local animal is infected.

+++ Ukraine War +++: Ongoing attacks on infrastructure: Energy Agency lowers forecast for Russia's oil production

Fire extinguished in Russian Ilski oil refinery +++ Russia probably thwarts terrorist act against military airfield in Rostow +++ Russia reports fires in other energy facilities +++ The news blog.

World oil demand set for first annual decline since 2020, IEA says

Renewed escalation in the U.S.-Iran war could complicate matters and further cloud the outlook, the IEA warned Friday.

Italy busts Russian spy ring collecting data on Ukrainian air defense vulnerabilities

Russia has told one of its spies in Europe to find out more about air defense capabilities Western nations are sending to Ukraine.

Aviation: Castlelake trumps: Easyjet agrees on takeover with investor Apollo

Surprise in the takeover battle for the low-cost airline Easyjet. Apollo Global wins the contract. Recently it looked as if another US investor had been able to secure Easyjet.

Building: Housing is becoming more and more expensive – prices are rising sharply

Anyone who builds a house must expect significant increases in costs. All prices increase. Politicians want to take countermeasures.

Development service providers: First the car crisis hit the suppliers, now it's the turn of the developers

The car crisis is affecting engineering companies such as IAV, Bertrandt, Formula D and FEV: thousands of jobs are on fire. But there are also winners.

Infrastructure: Investments in security can create more than 700,000 jobs

An analysis by EY and DekaBank shows: Investments in security and infrastructure could significantly stimulate the German economy - and strengthen the arms industry.

Fuel prices: around 80 percent of the fuel discount is passed on to consumers

According to the Federal Cartel Office, gas stations did not pass on the full tax relief to consumers over the entire period.

Reform: Warken: “It remains a balanced package”

After months of struggle, the coalition wants to bring billions in savings in health spending through parliament. Before the vote there is still a controversial debate.

11 dead, 19 missing as Spain wildfire roars through village

Eleven people were killed and 19 are missing after a wildfire tore through a Spanish village, with four victims who may have been British who were burned in their car, authorities said on Friday. Authorities said many of the victims may be foreign tourists visiting Bedar, a small village in Los Gallardos district, but that they were still confirming their identities. They described victims trying to flee the fast-moving blaze through difficult, forested terrain. About 400 firefighters and troops

US opens door for Turkey’s return to F-35 stealth jet programme – but Israel’s not happy

The United States is set to resume military sales to Turkey, Nato’s second-largest military power, after President Donald Trump said sanctions imposed against Ankara over its procurement of Russian air defence systems seven years ago would soon be lifted. “We don’t want to sanction friends,” Trump told journalists at the Nato summit in the Turkish capital on Wednesday, while emphasising his “good chemistry” with President Recep Tayyip Erdogan. Trump further said he would soon take a final...

How AI is changing the nature of war and conflict

As US President Donald Trump flew home from a fractious Nato summit in Turkey, he was poised to resume the war with Iran, whose leaders he labelled “sick” and “scum”. Trump also complained about European leaders’ failure to spend enough on arms, support him in Iran and recognise the need for the US to take control of Greenland. The sense of rising global conflict has been palpable this week. What clearly showed at the summit of the transatlantic security alliance was confirmed by the latest...

More LNG Carriers Brave the Strait of Hormuz Despite Renewed Hostilities

Close to half a dozen liquefied natural gas carriers have gone into the Strait of Hormuz in the past few days and six have exited the strait, despite the recent return to hostilities between the United States and Iran. According to Kpler data cited by Reuters, five ballast LNG tankers have entered the chokepoint in recent days, four of them linked to Qatar, and the fifth one owned by a Greek shipping company. The five vessels were previously seen outside Hormuz earlier this month. An earlier rep

Dax current: Dax hardly changed – but above the 25,000 point mark

In the past four weeks, gains on the German stock market predominated. However, the DAX is now looking for a direction that it can take sustainably.

Skateboard brand Titus: “Shit, we are insolvent”

Julius Dittmann runs the Titus skateboard brand. Almost two years ago his company was on the verge of bankruptcy. Here he talks about sleepless nights, emergency accommodation in a camper van and an all-important court date.

Hong Kong to extend injury protection to gig delivery workers

Hong Kong’s army of gig workers in food and goods delivery services will be entitled to compensation for job-related injuries under proposed legislation aimed at improving labour protection for those working for digital platforms. According to a paper prepared by the Labour and Welfare Bureau, the proposal will cover gig workers who sustain injuries or die “as a result of an accident arising out of and in the course of performing platform work”. In cases of injury, gig workers can receive...

Bidding war: Easyjet surprisingly agrees to takeover with Apollo

Two financial investors are competing for the British low-cost airline. Now Easyjet has reached an agreement with financial investor Apollo on a possible takeover worth billions. Competitor Castlelake is left behind.

Economy from above: That's why the Ebola epidemic in the DR Congo costs billions

The Ebola outbreak is still not contained. Satellite images now show how more and more aid supplies have to be used in the crisis region.

Politicians criticize Blume: “It is irresponsible to send the workforce on vacation like this”

VW wants to save even more, the supervisory board is discussing possible plant closures and job cuts. IG Metall is countering this with nationwide campaigns.