Economy
All-clear after suspected explosive device at Treuchtlingen station
Object investigated as suspected bomb was a decoy; train traffic halted.
Turkey and Iraq discuss raising bilateral trade to $30 billion
Trade Minister Omer Bolat met with Iraqi Ambassador to implement agreements following recent high-level visits.
Euro area industrial production flat in June, Eurostat reports
Output stayed unchanged from May, though annual growth turned positive and some member states posted sharp gains.
Birkenstock raises annual revenue forecast on strong demand
The footwear manufacturer expects 15 percent revenue growth in 2026 following better-than-expected second-quarter sales.
German bond outstanding volume rises by €39.3 billion in June 2026
Net bond issuance slowed as the public sector increased liabilities by €8.8 billion
Oil giants report record profits as Iran conflict drives prices higher
Record earnings by BP, Shell and Saudi Aramco come amid climate emergencies across Europe and Asia.
Eastern Europe Drives German Export Growth
German shipments to 29 eastern countries rose 7.4% in the first half, reaching €154.4bn.
Silver retreats from record highs as gram price hovers near 100 TRY
Volatility intensifies in precious metals markets with ounce prices fluctuating between $64 and $66 amid shifting Fed expectations.
French Economy Minister Suggests Increasing Wealthy Retiree Contributions
Roland Lescure suggests moderate pension indexation for affluent retirees to aid the 2027 budget, echoing previous government attempts.
Iran to join BRICS development bank soon, central bank governor says
Iran's central bank governor said the country will soon become a member of the New Development Bank, seeking financial cooperation with BRICS members.
115 people jumped into sea as boat caught fire off Fethiye coast
The vessel, identified by multiple sources as Toys Boat, burned and sank; all passengers were evacuated without loss of life.
Denise Dresser is leaving OpenAI to pursue other opportunities
Her departure follows another senior executive’s announcement to start something new.
Bill Ackman builds new stakes in Netflix, Visa and Mastercard
The billionaire investor's biggest portfolio overhaul in years adds six new holdings, including a return to Netflix after a 2022 loss.
SanDisk revenue growth projection aligns with storage output metric
The company's financial outlook corresponds to its bit growth, a measure of storage capacity produced.
Turkey's Weather Office Issues Yellow Code Warning for 15 Provinces
Heavy rain and storms are expected in parts of Turkey, with risks of flooding and transportation disruptions.
Bundesbank launches Europe-wide search for new Frankfurt headquarters
The German central bank aims to purchase a turnkey property in Frankfurt by 2027, forgoing a renovated headquarters it currently uses.
Hertz Shares Fall After Pershing Square Sells Stake
The car-rental company's stock dropped after the investment firm led by Bill Ackman exited its position.
Turkey's June Current Account Deficit Hits $4.2 Billion
Excluding gold and energy, the balance recorded a surplus, while annualized deficit reached $38.9 billion.
Optical trade shows signs of recovery as Lumentum gears up for earnings
A photonics ETF saw stronger first-day demand than a memory chip ETF, while Lumentum's sales more than doubled on AI demand.
Nikkei, Hang Seng, Yen Rise as US Inflation Data Eases Rate Concerns
Cooling consumer price growth in the US lowered the odds of a Federal Reserve hike, lifting Asian equities and the dollar against the yen.
Germany reopens two Federal bonds in auction
The moves are part of the government’s routine debt management cycle to maintain liquidity in the bond market.
Germany records €19 billion current account surplus in June 2026
The surplus increased by €10.1 billion compared to the previous month, driven by gains in services and primary income.
Standard Chartered-led venture launches Hong Kong dollar-backed stablecoin
The rollout of HKDAP marks a new step in Hong Kong's efforts to become a global digital assets hub.
Bank of America launches $250 billion US infrastructure initiative
The 'Critical Infrastructure Finance Initiative' targets digital, energy, and core sectors.
EnBW connects Germany's largest offshore wind farm in the North Sea
The He Dreiht project, located 110 kilometers west of Helgoland, marks a significant expansion of offshore capacity.
Hang Seng Indexes Company proposes expanding Hong Kong tech index to 50 stocks
The proposal introduces revenue growth as a selection criterion to include AI and robotics sectors.
Per-capita working time in Germany declines in 2025
Stability in women's working hours has lessened the impact of economic weakness compared to previous cycles
SEC charges Adit Ventures and CEO with alleged fraud in pre-IPO investments
The investigation alleges the firm used client funds for personal gain and unauthorized loans.
JBS names Batista family member as next CEO
The leadership change returns control of the global meatpacker to its founding family.
Foxconn reports 35% rise in second-quarter profit
Growth is driven by rising demand for AI data center computers as server manufacturing overtakes iPhone production.