Finance news

Billion dollar deal: Deutz wants to buy arms manufacturer FFG

The oldest engine manufacturer in the world has long wanted to emancipate itself from pure combustion engines. Now the Cologne company is taking a big step.

China automakers shift gears to exports as domestic demand weakens

Taiwan's exports rise nearly 50% in first half as Lai builds 'AI island'

Klingbeil's tax reform: With just 3,000 euros gross, employees become losers

Finance Minister Lars Klingbeil promised to relieve the burden on small and medium incomes. But calculations for the F.A.Z. show: This will only happen next year. In 2028, the net will decrease for many compared to today.

Trump says Iran called to make a deal after U.S. strikes; adds it's unclear if war is back on

When asked whether the U.S. and Iran are returning to a full-scale military conflict, Trump responded: "I don't know."

Why AI race with US is a ‘knockout game’ China cannot afford to lose

China must fundamentally overhaul its innovation ecosystem or risk losing its technological sovereignty and national security in an existential AI “knockout game” with the US, an academic based in Chinese tech hub Shenzhen has warned. Huang Ping, assistant dean of the Chinese University of Hong Kong (Shenzhen)’s school of public policy, said the country must strongly back open-source artificial intelligence (AI) to counter costly, closed-source American models and their market dominance. China..

Major drugmaker loses $27 billion in market value after failed trial

Two companies announced on Thursday that the heart disease drug they had been developing failed its Phase III trial.

+++ Iran War +++: Jordan reports rocket fire from Iran

Iranian official accuses USA of air strike near nuclear power plant +++ Kuwait under attack again - sirens wailing in Bahrain too +++ The news blog.

ECJ ruling: Streaming subscriptions can be revoked for two weeks

Luxembourg judges have decided: Anyone who takes out a subscription to Sky can revoke their decision - even if they are already watching.

Meet SK Hynix, the trillion-dollar South Korean chipmaker debuting on U.S. markets

Following a more than sevenfold rally in its stock price over the past year, South Korea's SK Hynix is listing on the Nasdaq.

Gen Z-ers share how they’re achieving financial freedom — and the old ideas they’re leaving behind

A stable job and a nice home have become less accessible to young Americans. Many are taking new paths to pursue their dreams.

PepsiCo cuts prices on snacks. It’s not enough to drive growth in North America.

PepsiCo’s stock was set to fall as the company’s North America business lagged, but strength in international business led to an earnings beat.

Reforms: Federal Constitutional Court rejects stop to health care reform and heating law

Karlsruhe rejects urgent applications against health reform and heating law. The Bundestag can now decide on both projects as planned.

A warning for the U.S. dollar: The historic bond-market buffer that protected the currency is fading.

Major dislocations in America’s foreign policy have given a stimulus to a dedollarization trend among central banks.

Financial framework: Bundestag puts the brakes on the EU Commission, which is eager to spend

Budget politicians fear additional burdens on Germany of more than 27 billion euros per year. The responsible committee passes a so-called regulatory decision.

Singaporean man hired to tutor children forced 6-year-old to drink urine in 18-hour abuse

A Singaporean man, hired by his aunt to tutor primary school pupils, instead beat them with a clothes hanger, forced them to hold push-up positions for long periods, punched and starved them. One of the children, a six-year-old Chinese national, was abused for 18 hours and forced to drink his own urine. On Thursday, the 31-year-old pleaded guilty to two counts of child abuse, one count of voluntarily causing grievous hurt and one of giving false or misleading information to police, local media..

Study financing: What is planned for Bafög

Food, mobility, expensive shared rooms - the prices are a problem for students. A higher student loan is supposed to bring relief, but that comes later than planned.

Clean power comeback? Don't count out renewable energy and this one stock in particular

Clean power is responsible for roughly 90% of all new electrical capacity being added to the grid, according to the CEO of the American Clean Power Association.

Fight against child pornography: “Chat control” - scanning permission clears hurdle in the EU Parliament

Despite criticism of “chat control” from data protection advocates, the ability to scan private chats for child pornographic material could return. What should Whatsapp and Co. do then?

Climate change: How cities can become more resilient to heat

Heat waves are likely to become more frequent and more intense. Adaptation measures are known, but implementation is lacking. Projects like those in Madrid could also be a model for Germany.

Withdrawal of Thyssenkrupp Stahl: Salzgitter AG swallows steel company HKM - severe job cuts

The good news first: The steel company HKM will not be closed. But there is also some really bad news: around 2,000 jobs will probably be lost and only 1,000 will remain.

PepsiCo earnings miss estimates as North American consumers tighten their budgets

PepsiCo reported weaker-than-expected quarterly earnings despite strong international demand.

Is the Fidelity X corporate benefits VL depot still available?

I'm currently looking for the best way to save my employer's capital-forming benefits (€40) in an ETF. As far as I've read in previous posts here, I've only seen 2 sensible options: Open a depot via finvesto Fidelity depot if you have corporate benefits My employer offers corporate benefits, but I don't see any option to open a depot on the employee offers page. I can't find anything on the Fidelity homepage either

Auto industry: Struggle over VW savings plans: The protests are ongoing

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

Federal Constitutional Court: Urgent applications against cash savings law in Karlsruhe failed

There are significant changes to the savings law for statutory health insurance companies shortly before the planned vote in the Bundestag. Two members of the Bundestag cannot defend themselves in Karlsruhe either.

The dot-com crash was a $5 trillion blip. Why the next financial crisis could hit 4 times harder.

The next global financial crisis is already under way. Here is how it will unfold.

Software manufacturer: SAP averts EU fine

The group was the focus of EU competition authorities because of specifications for maintenance and support services. Now he has committed to making changes.

ECB: Next, important hurdle: EU Parliament is in favor of the digital euro

The introduction of a European digital currency is becoming more and more concrete. As expected, MEPs clearly voted for the project. Now the legal framework can be refined.

Health care reform: urgent applications against the cash savings law fail in Karlsruhe

There are numerous changes to the savings law for statutory health insurance companies shortly before the Bundestag vote. Two MPs cannot prevent this before the Federal Constitutional Court.

Pakistan Rushes to Buy Emergency LNG After Qatar Cargo Is Canceled

Pakistan is forced to turn to the spot LNG market once again after the re-escalation in the Strait of Hormuz has canceled a cargo from Qatar. State-controlled Pakistan LNG has just issued a tender to buy an LNG cargo for July 15-16 delivery. The decision was taken on Wednesday, after the renewed hostilities led to the cancellation of one LNG cargo from Qatar that was supposed to arrive in Pakistan later this month, anonymous traders familiar with the matter told Bloomberg on Thursday. Pakistan,