Economy
Turkey reduces credit limits for development and investment banks
The BDDK regulation lowers maximum loan-to-core capital ratios for specific banking institutions.
Turkey's tiered natural gas tariff raises concerns over rising bills
Estimates of affected households vary between official figures and industry representatives
Foxconn records highest monthly revenue in July amid AI demand
The Taiwanese contract manufacturer's July revenue exceeded 900 billion Taiwan dollars for the first time.
Majority shareholder of Kervansaray Yatırım Holding enters share transfer talks
Zeynep Tümer has begun negotiations to sell her controlling stake to Dubai-based Oasis Prime - FZCO
Arthur Hayes: AI credit expansion could drive Bitcoin past $1 million
The former BitMEX CEO compares the current AI boom to the 2008 credit cycle.
Share of working retirees in Germany rises to 14 percent
New data shows employment among those aged 65 to 74 increasing despite varied financial and social motives.
LNG transport costs surge following Gulf of Hormuz disruption
Rerouting and rising insurance premiums drive vessel charter rates to heights not seen since 2022
House supply on Sylt increases more than sixfold since 2022
The rise in available properties on the German island exceeds growth seen in other high-priced residential areas.
Estonian industrial production falls for fifth consecutive month
Manufacturing output declined in June as energy production dropped and mining saw growth
Business startups in Germany rise to over 171,000 in 2025
The DIHK reports that job insecurity is driving many individuals to start new companies
Vonovia reaffirms annual forecasts amid rising financing costs
The Bochum-based real estate company reported a decrease in adjusted profit for the first half of the year.
Silver prices rise as ounce price surpasses 60 dollars
Rising metal prices follow gold trends amid shifting expectations for US Federal Reserve interest rate policies.
Mitsubishi UBE Cement Corp. to plan Tokyo listing for December
The company was established five years ago following the merger of Japanese materials units.
US stock markets rally as S&P 500 hits new all-time high
Surge driven by potential Iran negotiations, strong earnings estimates, and tech sector gains
GM and SAIC Motor extend Chinese joint venture for 20 years
The partnership extension aims to focus on domestic sales and international exports despite shifting earnings in China.
Sysco stops buying iceberg lettuce from Mexico
The decision follows a cyclosporiasis outbreak in the United States linked to at least two deaths.
Germany announces tender results for Federal treasury bills
The auction involved the topping up of three Green German Federal securities via a multi-ISIN process.
Novo Nordisk raises full-year profit and revenue forecasts
The Danish pharmaceutical company, maker of Wegovy, reported an 11% increase in second-quarter operating profit.
Australian stocks reach record high amid economic signals and Iran hopes
The ASX 200 hit a record high as mining sector gains and domestic economic indicators supported the rally.
Honda rises operating profit for first time in six quarters
The automaker raised its full-year profit forecast on the back of hybrid demand and a weaker yen.
Germany to mint special coins honoring Tamara Danz and Metropolis in 2027
The federal cabinet's decision commemorates a prominent rock musician and a landmark science fiction film.
Adenauer & Co fashion chain files for insolvency in Germany
Founder Andreas Adenauer cites embezzlement and fraud as reasons for the company's financial crisis
China issues new tax rules on offshore trusts
A 20% levy on trust stages prompts concerns of portfolio liquidations and selling pressure
Innsbruck 'Villa N' considered for conversion into hotel
The former residence of René Benko is being evaluated as part of insolvency utilization plans.
Berenberg Bank undergoes wealth management restructuring
The restructuring follows the removal of the bank's leadership by BaFin in June.
Number of breweries in Germany continues to decline
A decrease in beer sales and shifts in consumption habits drive brewery closures across the country.
Low Rhine water levels drive up fuel prices in western Germany
Decreased river levels increase transport costs and shipping capacities, impacting regional petrol prices.
Japan's average nominal wages rose 3.4% in June
The monthly increase brought the average nominal wage to 531,677 yen ($3,373.6).
German DAX reaches record high of 26,202 points
Market gains are driven by corporate earnings and hopes for a diplomatic resolution in the Middle East.
Germany faces housing shortage as office vacancies remain high
Experts question the feasibility of converting commercial spaces into apartments due to rising costs.