Finance news

Dangers from summer heat: Health risk: Recognize heat emergencies - and act

High temperatures and blazing sun push the body to its limits and can even be fatal. Who is particularly at risk, what warning signs everyone should know - and what to do then.

Economic situation: German exports rise for the fourth month in a row

Despite crises and competition, German companies can assert themselves on international markets. Where demand is particularly high.

World trade: Despite the Iran war: exports grow for the fourth month in a row

A ray of hope for the German economy: German exports increased again in May - mainly thanks to strong US business. However, the newly flared Iran war could become a risk.

South Korea set to power US fight for naval dominance amid rising geopolitical tensions

The United States is turning to South Korea’s world-leading shipbuilding industry to refresh its ageing naval fleet, a move set to expand the bilateral alliance beyond security into defence manufacturing, technology and industrial production. The approach reflects Washington’s efforts to address long-standing problems in its own industry, according to analysts – chronic construction delays, cost overruns, shortages of skilled workers and supply chain constraints among them. It also signals a...

Auto industry: Porsche sales plummet in the first half of the year – 911s in demand

Only 14,501 Porsche cars have been sold in China so far this year - a decline of a third. But things are currently not going well for the VW subsidiary in other markets either.

Crisis in China: Porsche sales continue to decline - these are the reasons

Sales figures at Porsche continue to deteriorate. Especially in China. But the luxurious sports and off-road vehicles are no longer so well received in other markets either.

Hormuz Tanker Traffic Grinds to a Halt After U.S.-Iran Escalation

What was a flood of oil and gas leaving the Strait of Hormuz two weeks ago has now ground to a halt as the United States and Iran began firing missiles again and President Trump declared the ceasefire over, calling the Iranian leadership “scum”, “liars”, and “cheats”. Bloomberg reports that, earlier today, there was only one tanker moving along the waterway, and it was a sanctioned very large crude carrier that passed along the Iran-controlled route along with an Iranian container ship. Meanwhil

Income tax should be abolished.

I think it is a fundamental flaw in our tax system that people already have to pay income tax even though they are still far from living financially without worries. In my opinion, the basic tax allowance should therefore be increased to at least 50,000 euros per year or income tax should even be abolished completely. Anyone who earns less than 50,000 euros should be allowed to keep all of their work. Only beyond this should the state receive income

US Strikes Iran for 2nd Straight Day

U.S. Central Command said its forces completed another round of strikes 'to further degrade' Tehran's ability to attack commercial shipping in the Strait of Hormuz.

TotalEnergies Ships First LNG Cargo from Mexican Pacific Coast to Asia

'TotalEnergies will be the sole offtaker of LNG during the ramp-up phase'.

Global economy: China's producer prices rise the most in four years

China's exports benefit from the AI ​​boom. However, the domestic economy is not gaining momentum and geopolitical crises are causing higher producer prices.

INPEX Starts Appraisal Drilling for Japan CCS Project

Metropolitan CCS, a joint venture of INPEX and Kanto Natural Gas Development, began drilling an appraisal well for a carbon capture and storage project planned to serve industrial emitters in the Greater Tokyo Area.

ADNOC Scores 15-Year Deal to Supply 1 MMtpa of LNG to INPEX

Nearly 23 percent of Ruwais LNG's 9.6 MMtpa capacity has been offtaken by Japanese customers, ADNOC said.

Iran War: After renewed escalation, oil prices are rising

Oil prices rise again after attacks in the Persian Gulf. The focus is on the Strait of Hormuz, a central bottleneck for the global energy market.

Chinese man awarded US$73,500 for video featuring Tibet’s beauty, garnering 21 million likes

The tourism authority of Tibet has announced a 500,000-yuan (US$73,500) award for an online influencer whose viral road trip video promoted local tourism and garnered millions of likes The blogger, who goes by the handle @Liyaode, released the video on July 4 showing he had hailed a taxi to go from Chongqing, in southwestern China, where he lives, to Lhasa, capital of the Tibetan autonomous region, a distance of 2,200km. It received 15 million likes within a day, the Jiupai News reported. The...

China's detention of 2 Japanese highlights risks from whistleblower program

Chipmakers are preparing for years of expansion: Applied Materials CEO

Thai court greenlights government's $12bn emergency borrowing

Berlin election: Berlin Young Union calls for Wegner to withdraw

The head of the Junge Union in Berlin sees the credibility of the governing mayor damaged. He is calling for a new beginning at the top for the House of Representatives election.

It costs a record US$99,700 to buy a small car permit in Singapore

The right to own a small car in Singapore climbed to a record high of S$129,000 ($99,700), with analysts saying premiums could rise further as rebates for electric vehicles come to an end. The price of a Category A certificate of entitlement (COE) meant for smaller cars and EVs advanced by 4.2 per cent in Wednesday’s bidding exercise from the previous round on June 17. Premiums for larger and more powerful cars in Category B jumped 6 per cent to S$130,889. The surge in premiums comes ahead of...

KfW in the “conversion phase”: surprisingly, heating subsidies are already being cut

Funding for the installation of climate-friendly heating systems is set to decrease significantly. Only very specific consumers now have a chance to use the old conditions - but they have to be very quick to do so.

Streaming services: US states apparently want to sue against Paramount takeover

A major takeover is coming to Hollywood. US states want to take legal action against this. How they justify this step.

U.S. LNG Exporter Reaps Windfall as Middle East Turmoil Drives Fees Higher

Venture Global has reported a 69% increase in its liquefaction fees over the second quarter of the year, to $6.45 per million British thermal units, up from $3.82 per mmBtu in the first quarter amid the war-related LNG flows disruption in the Middle East. In a regulatory filing cited by Reuters, the U.S. LNG major said it had generated revenue from sales totalling 466.4 trillion thermal units in the second quarter, down from 480.8 TBtu in the first quarter. Venture Global is a big player on the

Airplane: Navy collects debris from Boeing - search for crew

A Pakistani cargo plane crashes into the Arabian Sea. After twelve hours of searching, the first pieces of rubble were found. What about the crew?

Auto industry: Supervisory board discusses the future of Volkswagen

After protests, the car manufacturer wants to reposition itself. It is also about the question of whether four vehicle factories in Germany will exist in the long term.

AI infrastructure: Meta is building a data center in Canada

Canada promotes AI companies with cool temperatures and green electricity. The Facebook parent company now wants to build a data center in Alberta.

Iran War: USA attacks around 90 targets in Iran

More explosions in Iran, counterattacks on US bases in the Gulf: The dispute over the Strait of Hormuz is causing the ceasefire to shake. What will happen to the negotiations?

Fed minutes: US central bankers are increasingly concerned about inflation

Inflation is weighing on consumers in the US. Warsh wants to create price stability with reforms. Can this succeed despite the Iran crisis?

“My Little Monk’s Hermitage”: How a Homeless Man Came to London’s Billionaire’s Mansion

Evergrande founder Xu Jiayin was one of the richest men in China, Anders Fernstedt lives on the streets with no money. The two have nothing to do with each other - if it weren't for a villa for 250 million euros in Hyde Park.

Ukraine’s drone playbook is wreaking havoc in Russia — and upending where NATO wants to invest

Ukraine’s deep drone strikes on Russian refineries are reshaping the war and pushing NATO toward a $40 billion counter-drone plan.