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Chancellor Merz warned of further job losses in Germany's industrial sector. Volkswagen plans to cut 50,000 jobs and reduce its model range, with the future of four German plants uncertain.
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The tech industry is massively cutting jobs in 2026, with over 12,900 positions eliminated in Silicon Valley alone by September. This figure already exceeds last year's level by 27 percent and is attributed to investments in artificial intelligence.
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A turbulent session in the Polish parliament saw Prime Minister Tusk reveal details from investigations into a crypto exchange scandal, naming former Justice Minister Zbigniew Ziobro. An attempt to override a presidential veto on a cryptocurrency law failed.
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The funeral of convicted war criminal Ratko Mladić is taking place in Belgrade, but without state or military honors. The Serbian government denies accusations of glorification, while the EU criticizes this as incompatible with its values.
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At least five shots were fired at a bar in Cologne, leaving four bullet holes in the facade. Police are searching for two suspects and investigating possible links to two other attacks on Turkish restaurants this week, which may involve extortion attempts.
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An Argentinian court has ordered the return of a painting by Giacomo Antonio Melchiorre Ceruti, seized in a Nazi-looted art case. The artwork, formerly owned by Jewish art dealer Jacques Goudstikker, will be returned to the Netherlands after a public exhibition in Argentina.
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Dr. Nikolas Stihl of chainsaw manufacturer Stihl criticizes Germany's economic situation, calling for bold reforms. He points to a loss of 15 percent of industrial production and 15,000 industrial jobs per month. Stihl advocates for reducing bureaucracy, lowering labor costs, and incentivizing research and development.
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By 2040, 30 percent of Germany's working population will retire, slowing economic growth. McKinsey suggests Germany could achieve up to 2.6 percent growth by 2030 through productivity increases and higher labor volume.
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President Steinmeier honored approximately 2,000 volunteers from various fields at a citizens' festival in Bonn. The event took place at Villa Hammerschmidt due to renovations at Bellevue Palace in Berlin.
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The UN has voted to replace the Mercator world map with a new map that more accurately depicts the actual size of Africa. 164 states voted in favor, while the USA rejected the initiative as an "ideological project."
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