Politics, economy, business, tech, and society from Germany — sourced from German-language press and processed in English.
Taiwanese chip maker TSMC has reported a record profit of $19.15 billion in the second quarter, surpassing analyst expectations. The company's strong performance is attributed to its growing business with modern high-performance chips, which now accounts for about a quart…
Why it matters
TSMC's record profit is significant because it highlights the growing demand for high-performance chips, which is driving the company's success. This development matters to those following the technology and semiconductor industries, as it has implications for the global supply chain and the future of computing.
US big banks have reported surprisingly high profits in the second quarter, driven by strong earnings from interest and securities trading. JPMorgan Chase, the largest US bank, achieved its highest quarterly profit in history, thanks to its participation in the credit card provider Visa.
The US-Iran conflict has escalated into a multi-front war: American bombers are hitting targets deep inside Iran for a third night, Iran's Revolutionary Guards have launched ballistic missiles at a US base in Jordan, and Tehran has struck commercial tankers in the Strait of Hormuz. The US has announced a full naval blockade of Iran's coastline starting Tuesday, a move that could choke…
The US military has launched attacks on Iranian targets for the third consecutive night, while Iran has reportedly attacked two oil tankers in the Strait of Hormuz, resulting in one death and eight injuries. The conflict between the US and Iran over the Strait of Hormuz has escalated further.
The Iran-US conflict has escalated again, with Iran reporting new US attacks. The US has stopped its attacks on Iran, but the country has not opened the Strait of Hormuz. Iran's new leader, Mojtaba Khamenei, has vowed to continue the country's resistance against the US.
Updated as new stories ingest
The AfD's North Rhine-Westphalia (NRW) branch is proceeding with its election assembly for the 2027 state elections, rejecting a call from party leader Alice Weidel to halt the proceedings.
Japan's space agency JAXA has successfully tested a reusable rocket, RV-X, which could change the face of spaceflight. The test, which lasted just 40 seconds, saw the rocket hover in mid-air before landing safely. This breakthrough could give Elon Musk's SpaceX some compe…
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