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Volkswagen has decided on a savings plan that includes the elimination of around 100,000 jobs worldwide. The company also plans to halve its model range and reduce R&D investments to increase profitability. However, experts criticize a lack of a forward-looking strategy.
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The state election in Saxony-Anhalt has begun, with around 1.7 million people eligible to vote. Polls suggest a strong result for the AfD, leading to discussions about potential coalitions and the difficulty of forming governments.
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Thousands demonstrated in Halle and Magdeburg the evening before the state election in Saxony-Anhalt against right-wing extremism. The rallies ranged from broad anti-fascist calls for democracy to autonomous actions.
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Turkey plans to privatize the two Bosphorus bridges and eight highways for 30 years, with ownership remaining with the state. The awarding of operating rights is expected to be completed by the end of 2031.
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In Halle-Neustadt, a district with many prefabricated buildings, young people with migration backgrounds and older residents with GDR pasts live. The AfD achieves high election results there, even though a third of residents are not eligible to vote.
Companies & MarketsConsumer ProtectionIT & Internet
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Ultra-fast fashion provider Shein's IPO in Hong Kong valued the company at around $27 billion, 70 percent below its 2022 peak. Investors expressed concerns about supply chains and environmental impact, leading to a significantly reduced valuation.
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The Spectrum carrier rocket from Bavarian company Isar Aerospace reached orbit during a test flight from the Andøya Spaceport in Norway. This marks a European first for a privately developed rocket.
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Approximately 1.7 million eligible voters are called to cast their ballots in Saxony-Anhalt. The AfD led significantly in pre-election polls, while the current governing coalition is led by Minister-President Schulze.
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Friedrich Merz is accused of leading political leadership like a company, which is seen as problematic in Germany's complex political landscape. His concept of hierarchical decision-making and lack of openness to criticism are criticized, as political leadership relies on mediation and cooperation.
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