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AI-generated
European households are reallocating their budgets due to high essential expenses and inflation, reducing spending on transport and communication to increase outlays for culture, dining, and well-being. Lower-income households have less capacity for these shifts.
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AI-generated
Portugal is negotiating with Air France-KLM and Lufthansa regarding the sale of up to 49.9 percent of the airline TAP. Both bidders have submitted binding offers that are close to each other, according to the government.
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International far-right figures met in Chile at the Foro Madrid, organized by Fundación Disenso. Argentina's President Javier Milei spoke of a "global battle between good and evil" and justified Augusto Pinochet's military coup. Support for Chilean politician José Antonio Kast has reportedly fallen to 34 percent.
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AI-generated
Argentina's President Javier Milei reaffirmed his country's claim to the Falkland Islands, questioning the islanders' right to self-determination. This comes amid potential shifts in US foreign policy under Donald Trump regarding the sovereignty issue.
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EU auditors criticize that despite significantly increased defense spending, defense readiness remains a challenge until 2030. The rearmament also endangers public finances through increasing debt financing.
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AI-generated
VW preferred shares rose by almost six percent after the supervisory board approved a restructuring plan. This plan involves cutting 50,000 jobs, half of which will be in Germany.
Companies & MarketsFinance & Stock MarketIT & Internet
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AI-generated
Norway's sovereign wealth fund is examining crisis scenarios for its equity portfolio. Geopolitical tensions could lead to a 30-40% loss in value, while a failure of the AI boom could result in losses of 18-35%.
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AI-generated
The federal government and the state are providing 110 million euros for the renovation of Friedenstein Castle, with each contributing half. The funds will secure the historic building fabric and improve its use for museums and research.
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AI-generated
France is providing farmers with one billion euros in emergency aid to prevent bankruptcies and support production. Up to 35,000 farms are threatened with insolvency.
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